Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg | Getty Images This is a developing story. Check back for updates. Trading in the United States Oil Fund, a popular exchange-traded security known for its ‘USO’ ticker which is
Month: April 2020
freemixer | E+ | Getty Images Social Security beneficiaries who do not typically file tax returns have until tomorrow to tell the government to include their dependent children in their stimulus payments. The U.S. government is in the process of deploying one-time checks of up to $1,200 to Americans who qualify, including those receiving Social
Hundreds of millions of dollars of in Paycheck Protection Plan emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said. The PPP was designed to
How carefully and strategically the real estate industry can ramp up will make all the difference … [+] for agents, buyers, and sellers in both transacting business and staying safe on the streets of our cities and towns. Getty A month after our shelter in place took hold here in New York, with another month
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 2,494,900 Global deaths: At least 171,249 US cases: More than 787,900 US deaths: At least 42,364 The data
Source: JIF Strong demand for J.M. Smucker’s Jif peanut butter and other packaged foods helped the company raise its annual sales and profit forecast on Monday, as shoppers stocked up to weather lockdowns due to the coronavirus pandemic. Uncertainty around the duration of stay-at-home orders has triggered unprecedented demand for essential supplies, boosting sales for
West Texas Intermediate crude futures for May delivery turned positive in overnight trading, after plunging below zero for the first time in history on Monday. The contract in question is set to expire on Tuesday, fueling Monday’s 100% wipeout. The May contract traded at $1.17 per barrel, after earlier trading at negative $14.04 per barrel,
During the Covid-19 pandemic, brain doctor Daniel Amen says “mental hygiene” is just as important as washing your hands. As a psychiatrist and brain disorder specialist for more than 30 years, Amen says being on lockdown and dealing with the spread of coronavirus can lead to “unhealthy thinking patterns,” which could have detrimental long-term effects. So Amen, the
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday. It comes at a time when the market is awash with crude, storage tanks are being filled and the coronavirus crisis continues to ravage global demand. On Monday, the May contract
Dan Brownsword | Getty Images As the coronavirus pandemic proves financially devastating, many Americans are trading long-term goals for short-term security. That leaves 529 college savings plans in jeopardy. “Short-term cash needs are extremely important and they may reduce or eliminate the ability to make a longer-term investment,” said Young Boozer, chair of the National
Kupicoo | Getty Images If you’re wondering about getting any tax breaks on your work-from-home expenses, you are probably out of luck. Blame the IRS. “Even if you are required to work remotely due to the quarantine, unfortunately employees are not allowed to take a tax break for any home-office expenses,” said Gail Rosen, a
Photo: Getty Here in Ontario, we’ve recently learned that physical distancing protocols may be extended for another three months, or possibly longer. Even then, it’s possible that people will want to keep their distance until the threat of coronavirus has been proven to have subsided for good. This sets the scene for a new reality
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 2.4 million Global deaths: More than 169,986 Most cases reported: United States (784,326), Spain (200,210), Italy (181,228), France (156,480), and Germany (147,065). The data above was compiled
Stock futures bounced slightly in overnight trading on Monday as oil prices bounced off their lows following an unprecedented wipeout. Futures on the Dow Jones Industrial Average rose 80 points. S&P 500 futures added 0.3%. The gains came as the more actively-traded June oil contract rebounded by 2%. The May contract, which triggered Monday’s stock
From weird dreams and nightmares to increased insomnia, the coronavirus pandemic has stimulated some unusual sleep issues for many people. As a member of the outreach and public education committee for the Society of Behavioral Sleep Medicine and a behavioral sleep researcher at the University of Alabama at Birmingham, a number of patients have been asking: “Why is this happening, and
Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor Howard Marks said there is a sharp disconnect between the stock market and the reality the world is facing amid the coronavirus outbreak. “We’re only down 15% from the all-time high of Feb. 19,” Marks, co-founder of Oaktree Capital Management, said Monday on
Raymond Boyd Some big restaurant chains have gotten called out in recent days for using a loophole in the $2.2 trillion coronavirus relief law to access loan money earmarked for smaller businesses. Potbelly Sandwich Shop, for example, got a $10 million loan from the Paycheck Protection Program — the upper lending limit. Ruth’s Chris Steak House got
Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday. Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks. Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that
Getty Amid the coronavirus pandemic, legal weed sales have spiked, with industry leaders pushing for a federal decriminalization as a means to aid the recovery of the currently shackled economy. Even U.S. Senator Elizabeth Warren (D-Mass.) called for the creation of a legal weed market in a tweet today, April 20, the “weed day” holiday
Senator John Kennedy, a Republican from Louisiana. Andrew Harrer | Bloomberg | Getty Images Sen. John Kennedy, R-La., on Monday asked Attorney General William Barr to deny requests from infamous Ponzi schemers Bernie Madoff and R. Allen Stanford for early prison release due to the coronavirus pandemic. “Releasing either of these individuals, or anyone similarly
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