Stock futures pointed to more pain ahead on Friday as they fell in overnight trading following major averages losing the most since the “Black Monday” market crash in 1987. As of 6:30 p.m. ET, futures on the Dow Jones Industrial Average lost more than 200 points in overnight trading Thursday. The overnight action followed the official end
Month: March 2020
Residential buildings Central Park Tower and 220 Central Park South (left) rise above Columbus Circle on December 26, 2018 in New York City. Gary Hershorn | Corbis News | Getty Images Plunging stocks and coronavirus fears are starting to hit the New York City real estate market. There were 44 open houses that had zero
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images JPMorgan Chase on Thursday told managers to implement a plan to have employees based in offices in Manhattan, Brooklyn and Jersey City to start working from home in shifts beginning on Friday. “We are asking
GSO Images When the stock market goes haywire, gold often becomes the “gold” standard in the eyes of everyday investors. True to form, gold is coming off its best week since 2016, as fears around the global spread of the coronavirus led to a sharp selloff in the stock market and nudged investors to retreat to what they perceived
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 127,749, according to data compiled by Johns Hopkins University. Global deaths: At least 4,717, according to data compiled by Johns
Mario Tama | Getty Images News In these difficult, confusing and, at times, scary days, it’s easy to get turned around in the market. Though we’ve never seen anything like the health scare that’s happening real time right now, we have seen financial markets deal with massive unknowns and take hits in the last twenty
Thanagon Karaket / EyeEm | EyeEm | Getty Images As the stock market sinks, you’ve probably already heard not to check your 401(k). Yet when it comes to steering your personal financial plan in a turbulent time, it’s still wise to take a proactive approach, according to Michael Liersch, a behavioral finance expert and global
Chamath Palihapitiya, founder and CEO of investment firm Social Capital, told CNBC on Thursday that the broad market sell-off over coronavirus fears is like the 2008 financial crisis and 2000 dot-com bubble bust combined. The Dow Jones Industrial Average plummeted nearly 9% on Thursday and was on pace for its biggest one-day percentage decline since
If you need a pep talk, check out Lauryn Williams, a certified financial planner and four-time Olympian. She knows how to train for a stratospheric goal. Williams, founder of financial advisory firm Worth Winning in Dallas, is a three-time Olympic medalist and the first American woman to earn a medal in both the Summer and Winter Olympic
President Donald Trump speaks about the U.S response to the COVID-19 coronavirus pandemic during an address to the nation from the Oval Office of the White House in Washington, U.S., March 11, 2020. Doug Mills | Reuters Small business owners on Main Street now have an economic lifeline that can help them weather the coronavirus
This is a live blog. Please check back for updates. Global cases: At least 118,381, according to the latest figures from the World Health Organization Global deaths: At least 4,292, according to the latest figures from the WHO US cases: At least 1,279, according to data compiled by Johns Hopkins University. All times below are in Beijing
A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. Jason Lee | Reuters BEIJING — China‘s central bank is expected to cut key rates soon, following a directive from
The stock market’s recent extreme volatility has made it advantageous for investors to pick individual equities, Bank of America strategist Savita Subramanian told CNBC on Wednesday. “This is an environment where passive, ETF investing might not be the most prudent way to invest,” Subramanian said on “Fast Money.“ That’s because the market’s sell-off in response to concerns
Hero Images | Hero Images | Getty Images A payroll tax cut is one idea President Donald Trump is considering in response to the negative effects of coronavirus on the U.S. economy. Experts say such a move would not necessarily be a magic bullet. One reason why: It could impair funding to Medicare and Social
Steven Adams #12 of the Oklahoma City Thunder guards Rudy Gobert #27 of the Utah Jazz during an opening night game at Vivint Smart Home Arena on October 23, 2019 in Salt Lake City, Utah. Alex Goodlett | Getty Images The National Basketball Association has suspended its season following a Utah Jazz player testing positive
If coronavirus infections decline and Congress passes a fiscal stimulus package, Invesco’s Kristina Hooper says, stocks will make a sustainable comeback. She made the call as the Dow was plunging into a bear market, which reflects a 20% or more drop from 52-week highs. “I don’t think we’ve hit a bottom yet,” the firm’s chief
Allianz chief economist Mohamed El-Erian said Monday that long-term investors should be cautious about buying stocks because financial markets are showing signs of stress. “We started seeing today more market stress, more liquidity stress. Yesterday, it was just the credit market and the inflation market. Today, it got to the Treasury market. So be careful
US Treasury Secretary Steven Mnuchin arrives to testify during a House Ways and Means Committee hearing about the Fiscal Year 2021 budget request on Capitol Hill in Washington, DC, March 3, 2020. Saul Loeb | AFP | Getty Images If coronavirus is keeping you from filing your tax return in a timely fashion, it just
Washington State Governor Jay Inslee (C) addresses the press during a visit by Vice President Mike Pence to discuss concerns over the coronavirus. Karen Ducey | Getty Images Public officials banned large gatherings in San Francisco and the Seattle area on Wednesday to try to contain the rapidly spreading coronavirus outbreak that’s infected more than
U.S. President Donald Trump (L) is introduced by White House economic adviser Larry Kudlow during an Opportunity Zone conference with state, local, tribal and community leaders, in the Eisenhower Executive Office Building. Mark Wilson | Getty Images The leaders of the biggest U.S. banks are scheduled to meet with President Trump Wednesday afternoon as the
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