The Robinhood app on IOS and Android Source: Robinhood As U.S. markets opened Monday morning, 30-year old engineer Vivek Sevak was ready to cut his losses. The recreational trader had put money in a market-short exchange traded fund, and was looking to sell. But when he logged into his Robinhood account to make the trade,
Month: March 2020
Confusingly named, enticingly remote and increasingly popular, the chilly island of Greenland is fast becoming the dark horse of 2020 travel destinations. Before planning their trips, most visitors know little about the Arctic destination beyond vague ideas about its misleading nomenclature — “Greenland is icy whereas Iceland is green, right?” — or its link to
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Federal Reserve is likely to join other global central banks in cutting interest rates aggressively in response to the coronavirus scare, Goldman Sachs economists said Sunday. With fears over
PeopleImages Americans nearing retirement are among the many casualties of the coronavirus, as fears around its global spread and resulting economic damage caused a steep selloff in the stock market last week that potentially upended the retirement outlook for many individuals. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite — which serve as barometers
Waymo, formerly known as the Google self-driving car project, is expanding plans to deliver goods using its fleet of autonomous vehicles as well as self-driving class 8 trucks. The subsidiary of Alphabet is formally launching Waymo Via after saying it has raised $2.25 billion from a group of outside investors. Waymo CEO John Krafcik called it
Traders work on the floor at the New York Stock Exchange, March 2, 2020. Brendan McDermid | Reuters This is a developing story. Check back for updates. Stock market futures rose shortly in early trading following Monday’s roaring comeback rally that saw the Dow Jones Industrial Average post its biggest percentage gain since March 2009
A Gama Aviation Gulfstream 4SP (Photo by: Aviation-images.com | Universal Images Group | Getty Images Wheels Up, the fast-growing private aviation start-up, acquired jet operator Gama Aviation, creating the second-biggest private aviation company in the U.S. Terms weren’t disclosed by the two companies, which are both privately held. But the deal transforms Wheels Up, founded
Jeremy Siegel David Orrell | CNBC Wharton School finance professor Jeremy Siegel said Monday the U.S. could suffer a near-term recession because of the negative economic impact from the fast-spreading coronavirus. “We could really have a short, quick recession,” Siegel said on CNBC’s “Squawk Box.” “There’s a lot of uncertainties.” The confirmed cases of coronavirus infections in
There could be a tug of war brewing over which standard financial professionals should follow when they provide advice or sell products such as annuities to individual investors. The Securities and Exchange Commission is unveiling a new regulation, called Regulation Best Interest, which requires broker-dealers and professionals associated with them to keep their clients’ best
A person wears a face mask as a precaution against coronavirus in New York, March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 89,100 Total deaths: At least 3,040 8:10 am:
Traders work during the opening bell at the New York Stock Exchange on February 27, 2020. Johannes Eisele | AFP | Getty Images 7:55 am: Clorox shares rally 1.6% amid sanitizing surge The maker of household cleaning products rallied in premarket trading Monday morning as the coronavirus continued its spread around the globe and fostered demand
As fears from Ebola and a global slowdown spread, stocks plunged on October 15, with the Dow falling more than 400 points during the afternoon before recovering slightly. Getty Images The market could see a pop this week after last week’s steep sell-off, based on simple historical analysis. Though the coronavirus remains a developing health
Stephanie Eisenberg at Binghamton University Stephanie Eisenberg There’s something to be said for living with mom and dad. In fact, more and more young adults are opting to do just that thanks to things like student loan debt and high rents. Yet, there comes a time when they need to strike out on their own
Pedestrians wear face masks as they walk outside the New Orient Landmark hotel in Macau on January 22, 2020. ANTHONY WALLACE | AFP via Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 7:57 am: Macao’s casino revenue plunges nearly 88% Macao’s gaming revenue plunged
Traders work on the floor at the New York Stock Exchange, January 14, 2020. Brendan McDermid | Reuters Investors braced for another turbulent week as stock futures tumbled on Sunday night as concerns around the coronavirus kept Wall Street under pressure. Dow Jones Industrial Average futures dropped more than 400 points, indicating a loss of
Many investors have been whipsawed by the market’s sharp downturn, but billionaire investor Leon Cooperman thinks reinstating an old trading rule could help protect them: The uptick rule. The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.
Jane Bryant Quinn, personal finance expert and author. Jane Bryant Quinn In an era when everyone with a checkbook fancies himself a money guru and blogger, it’s refreshing to see “How to Make Your Money Last” by Jane Bryant Quinn updated and reissued. Jane eschews the typical and bland bromides, such as “eat ramen” and
People wearing face masks walk on the promenade of the Bund along the Huangpu River in Shanghai on February 28, 2020. Hector Retamal | AFP | Getty Images 8:30 am: Australia, Thailand and U.S. report first virus-related deaths over weekend Australia, Thailand and the U.S. all reported their first deaths from the coronavirus over the weekend
Jack Dorsey, chief executive officer of Square Inc., second right, tours the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 19, 2015. Yana Paskova | Bloomberg | Getty Images Square beat market expectation for quarterly profit on Wednesday, as the payments processor earned more from its subscription and
Traders work on the floor of the New York Stock Exchange, January 27, 2020. Spencer Platt Barclays slashed its S&P 500 target for 2020 as the coronavirus throws the global supply chains into chaos. The bank also expects U.S. companies to see an earnings decline this year. The bank now sees the S&P 500 to