The number of companies withdrawing or declining to provide earnings guidance continues to grow, with Abbott, ConocoPhillips, Jack in the Box, GoPro, and Bed Bath & Beyond in just the last couple days. JPMorgan, in a note to clients, said that so far 86 S&P 500 companies have suspended earnings guidance. Not surprisingly, some in
Month: April 2020
Chad Springer It’s obvious we are living in highly uncertain times. Markets are extremely volatile, and monetary and fiscal policies change from day to day. Most clients are extremely anxious, unsure of how the market is going to move and how those moves will impact their portfolios. While financial advisors must continue being proactive –
silvana magnaghi | Moment | Getty Images One thing the coronavirus outbreak has made super clear: We are all connected. So while you might think your job is safe, consider how your field is tied to other industries, says Amanda Augustine, a certified professional resume writer and career coach at TopResume. Right in the firing
With rooms sitting empty, smaller hotel operators are weighing options to defer debt payments and in some cases, close properties. While the pain caused by disruptions from the coronavirus pandemic is being felt across the travel industry, it is particularly acute for the Indian diaspora in the U.S. Nearly 50% of U.S. hotels are owned
Blank United States Treasury checks are run through a printer at the U.S. Treasury printing … [+] facility. (Photo by William Thomas Cain/Getty Images) Getty Images The IRS has already processed over 80 million stimulus checks during the first week of sending out payments. However, there are still approximately 60 million stimulus checks that still
In Toronto’s Andaz Hotel, public spaces make it easy to separate from others. Photography by Scott Norsworthy courtesy of Mason Studio. As we isolate in our homes, we become increasingly aware of how our interior spaces affect our moods, our ability to work and our physical comfort. Interior designer Stanley Sun, one of the founders
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: At least 2,152,647. Global deaths: At least 143,802. Most cases reported: United States (667,801), Spain (184,948), Italy (168,941), France (147,091), and Germany (137,698). The data above was compiled by Johns Hopkins
The world’s biggest asset manager BlackRock saw the capital it manages fall by almost $1 trillion in the first quarter as investors pulled money out of its marquee funds amid the most damaging stock market selloff in more than a decade. The company, a huge figure on global financial markets, reported a 23% drop in quarterly
Investor Peter Boockvar anticipates another 20% pullback could hit the market. The Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on Thursday that the coronavirus’ economic fallout is trapping the S&P 500 in a trading range. “A lot of the bad news that we’re seeing now in terms of the numbers were priced
Asian consumers are tightening their belts as they prepare for a coronavirus-induced hit to their finances, according to a new study. Shoppers in China, South Korea, India, Japan and Indonesia have cut back on clothing, skincare and electronics purchases as concerns mount over the outlook for incomes and savings as the pandemic rattles economies across the
CNBC’s Jim Cramer on Wednesday made a case for investors to choose individual stock picking over index funds going through market turmoil. The “Mad Money” host laid out a “shelter-in-place” list of companies that he projects can cut through the global economic challenges set off by the coronavirus pandemic. “For years, lots of very smart
The recent market volatility has no doubt caused increased stress and anxiety among investors. That alone is enough to lead someone to make a mistake. Add disruptions in our daily lives caused by the coronavirus pandemic and people are even more likely to make bad choices, according to Morningstar’s new report, “A Behavioral Guide to Market
Amazon’s dominance has been solidified during the coronavirus pandemic, but the consequences of that are complicated, CNBC’s Jim Cramer said Thursday. “Amazon is either the Grim Reaper for everyone or the greatest thing that’s ever happened to the American consumer. Or maybe both,” Cramer said on “Squawk on the Street.” “Has Amazon not become a country
Getty The coronavirus pandemic is proving to be a tough time for home construction, even if the sector has been deemed to provide an essential service in most states. After yesterday’s news that builder sentiment slumped to a record low amid COVID-19, monthly data from the U.S. Census Bureau, published today, shows that seasonally adjusted
Steven Mnuchin, U.S. Treasury secretary, right, speaks with Jerome Powell, chairman of the U.S. Federal Reserve, during a Financial Stability Oversight Council (FSOC) meeting at the U.S. Treasury in Washington, D.C., U.S., on Wednesday, Dec. 19, 2018. Al Drago | Bloomberg | Getty Images Before he became Treasury secretary, Steven Mnuchin was a banker on
A box containing a 5-minute test for COVID-19 from Abbott Laboratories is pictured during the daily briefing on the novel coronavirus, COVID-19, in the Rose Garden of the White House in Washington, DC, on March 30, 2020. Mandel Ngan | AFP | Getty Images Abbott Laboratories posted a 16% drop in quarterly profit on Thursday
The Wall Street Bull, located in the financial district of New York City. Mike Roy | MCT | Tribune News Service | Getty Images The ETF that tracks the S&P 500 rallied in after-hours trading Thursday after a report said a Gilead Sciences drug was showing effectiveness in treating the coronavirus. The move pointed to
The Covid-19 pandemic has nearly instantly and very dramatically pivoted the priorities of some makers, start-up founders, entrepreneurs, researchers and doers — the innovators — to solving problems related to the pandemic and preparing for any in the future. “Every [tech] entrepreneur that I know is spending time on the pandemic response,” CEO of global start-up accelerator
SpaceX CEO Elon Musk speaks at a press conference where he announced the Japanese billionaire chosen by the company to fly around the moon, on September 17, 2018 in Hawthorne, California. Mario Tama | Getty Images SpaceX is launching more often than any other country or company and CEO Elon Musk touted low insurance costs as proof
skynesher | E+ | Getty Images Wondering where your coronavirus stimulus payment is? The delay could be due to a glitch related to your tax preparation service. A new report from The Washington Post on Thursday estimates that millions of Americans could still be waiting to see their stimulus money if they previously filed their
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