Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York City, November 21, 2019. Lucas Jackson | Reuters This is a live blog. Please check back for updates. 8:03 am: ‘Storm clouds starting to clear’ for Tesla, analyst says Wedbush analyst Dan Ives hiked his price
Month: May 2020
When you’re sheltering in place, meal and snack times tend to be a bit of blur. There’s always time and opportunity nosh on something throughout the day— and the fridge and pantry is only a few steps away. “We have lost track of time in many respects. Sometimes, I go into the kitchen and look for
SoFi CEO Anthony Noto told CNBC on Wednesday that the fintech company’s investing platform has seen a strong increase in users this year, in what has been a volatile period for financial markets. “We’ve seen the number of people that use SoFi Invest double, the number of accounts open since the beginning of the year,”
For the second time in 12 years, the U.S. economy and financial markets are facing an unexpected crisis of uncertain proportions. While the 2008 financial crisis and the current coronavirus pandemic are very different in character, both have produced extraordinary volatility in financial markets. Both downturns have also presented major challenges for financial advisors as they
Warren Faidley | Getty Images The coronavirus pandemic has battered Americans’ household finances, but another major threat lies around the corner: hurricane season. Only 15% of adults polled by the American Institute of CPAs have created a disaster plan to protect their household finances. The organization, which represents accountants, polled 2,050 U.S. adults in the
Jet Metier in Sea of Cortez, Mexico Chuck Bolotin If I had a big factory in Mexico or if I even aspired to have a big factory in Mexico, I would be doing my research right now to find out which American manufacturers did the most manufacturing in China. And then, I would make an
State and local governments need federal funding for K-12 education. Otherwise, severe budget cuts will damage the economy, undermine our long-term prosperity, and increase inequality and discrimination. Striking teachers are joined by parents and students on the picket line outside Dahlia Heights … [+] Elementary School in the Eagle Rock section of Los Angeles, California on
Landlords are offering more sub-six-month leases in response to economic uncertainty. Getty As uncertainty rules in real estate, one segment that has been seeing growth is the market for short-term rentals. Landlords in New York City and across the country are offering more flexible rental options in response to demand from renters facing unclear economic
People sit on terrace tables at cafe in Stockholm, Sweden, on Thursday, March 26, 2020. Sweden is starting to look like a global outlier in its response to the coronavirus. Bloomberg As Sweden’s Nordic neighbors look to reopen borders and lift travel restrictions, worries over Stockholm’s controversial approach to the coronavirus has increased concerns that
An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza said Tuesday that its U.S. same-store sales climbed 14% during the first two months of its second quarter. As the broader fast-food industry has seen many of its customers return, Domino’s has
An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020. Daniel Slim | AFP | Getty Images Check out the companies making headlines after the bell. Tractor Supply Company — The farm supplies retailer’s stock shot up 7% in extended
Whether unemployed or still working, many Americans are looking for extra funds during the coronavirus pandemic. About 14% of those with retirement savings have taken money from accounts such as 401(k)s and individual retirement accounts to meet that need. Another 13% of those with savings say they’re planning to make use of their retirement funds.
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase shares rose Tuesday after CEO Jamie Dimon called the
Certain jobs and industries are benefiting from enhanced unemployment pay more than others — and have the most to gain from an extension of benefits. Workers in lower-paying sectors of the economy, such as accommodation and food services, benefit more from the unemployment increase than those in finance and insurance that pay workers better. And the difference
TOPLINE As the Securities and Exchange Commission (SEC) cracks down on financial misconduct related to the coronavirus pandemic—from insider trading and misuse of federal funds to advertising fake cures and price gouging on medical supplies, the agency is seeing a surge in tips and whistleblower complaints, according to Reuters. An increasing number of whistleblowers and
Businesses need to evaluate insurance coverage and decide whether to file a claim for losses arising … [+] from Covid-19. Getty Contrary to what you may think, your company’s insurance policy may cover pandemic-related losses. Most commercial property insurance policies include what’s broadly referred to as “business interruption coverage.” Right now every business wants to
TOPLINE In New York City, the global epicenter of the coronavirus pandemic, homeowners are not putting their homes on the market: new sales inventory has hit a significant low during the months of lockdown as validated by real estate platforms Zillow, StreetEasy, local and suburban brokers and a moving company. Brownstone facades and row houses
Sen. Richard Burr (R-NC) leaves the U.S. Capitol after voting in Washington, U.S., May 14, 2020. Erin Scott | Reuters Federal prosecutors are still investigating stock sales by Sen. Richard Burr of North Carolina in advance of a coronavirus-fuelled share price plunge, but are dropping investigations of such sales connected to three other senators: Kelly
U.S. stock futures were flat in overnight trading, as investors juggled optimism about the reopening of the economy and a possible coronavirus vaccine as well as concerns about U.S.-China tensions. Recent hopes for a return to normal consumer habits has pushed the Dow Jones Industrial Average and S&P 500 to briefly touch key market levels
Growing up, Elon Musk read plenty of books but was especially inspired by science fiction. The genre motivated him to create “cleaner energy technology or [build] spaceships to extend the human species’s reach” in the future, according to the book “Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future” by Ashlee Vance. With these goals in mind, Musk
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