U.S. stock futures rose Thursday night after more gains in tech led to the Nasdaq Composite erasing all of its losses for 2020. Dow Jones Industrial Average futures were up by 133 points, or about 0.6%. S&P 500 and Nasdaq 100 futures traded higher by 0.6% each. The tech-heavy Nasdaq rose 1.4% during the cash
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A Boeing 747 cargo freighter belonging to the Atlas Air flies into the clouds after lifting off from Hong Kong International Airport, on 23 October 2017, in Hong Kong, Hong Kong. S3studio | Getty Images Not all airlines are reeling from the coronavirus pandemic. Cargo airlines are cashing in on rush for medical supplies and
Odds are the screen you are using to read this was hauled in a truck at some point. More than 70% of freight in the U.S. is moved by truckers, making the job an essential part of the economy. Eight years ago, April Coolidge decided in her mid-40s to stop selling real estate and start
A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Self-employed workers trying to
401(k) Champion Award® Jackson, Grant Investment Advisers, Inc. At a time when we are working hard to survive during this pandemic, we must not forget that we have a future. Well before the coronavirus arrived on the scene, I was on the lookout for peer-to-peer 401(k) influencers. In that role, I initiated a nationwide search for
As the Paycheck Protection Program unfolded, one of the biggest disappointments was IRS giving notice that payments made under the program would not be deductible. A few foresighted souls had seen that coming, but the general view was that they would be deductible, since denying the deductions made the provision of the act indicating that
Back in mid-April an independent report suggested that estate agents, along with cafes and … [+] restaurants, should be among the first to reopen – with business leaders adding that property is a key economic ‘multiplier’. Getty Back in mid-April an independent report from GlaxoSmithKline Chairman Sir Jonathan Symonds and Conservative Peer Lord Gadhia suggested
The economy isn’t the only thing in America trying to get back up and running. President Donald Trump made one of his first factory-floor photo-op appearances since the pandemic began, at a Honeywell plant this week, and his reelection campaign and fundraising are becoming a bigger focus as mega donors add to the war chest of the president,
Check out the companies making headlines after the bell. Booking Holdings — The travel booking service’s stock whipsawed in extended trading after the company released its first-quarter earnings. Booking Holdings said it had earnings of $3.77 per share excluding some items with revenue of $2.29 billion, while analysts estimated earnings of $5.64 per share on
Jeff Lawson Abigail Stevenson | CNBC Twilio shares were up as much as 25% in extended trading on Wednesday after the company reported first-quarter results and quarterly guidance that surpassed analysts’ estimates. The company’s shares exceeded the $149.95 record close from July 2019. The company reported: Earnings: 6 cents per share, adjusted Revenue: $364.9 million Revenue grew
US President Donald Trump speaks about COVID-19, known as coronavirus, after signing a Proclamation in honor of National Nurses Day in the Oval Office of the White House in Washington, DC, May 6, 2020. Saul Loeb | AFP | Getty Images The White House is weighing a second Tax Day delay, according to NBC News.
Peloton machine Source: Peloton Many on Wall Street were convinced the usual playbook would occur when this market and economic downturn hit. Bubble-like tech stocks that led the way up would get crushed as a bear market exposed their hype and sent stock speculators scrambling. But the opposite has happened. The names skeptics used to
The coronavirus pandemic has forced schools to shut their doors and forced students to take their classes — and exams — online. This year, some 3.4 million students are registered to take AP Exams, which are designed to test high school students’ understanding of college-level material, online between May 11 and May 22. With schools across
By singling out state and local pensions as undeserving of coronavirus relief, McConnell has … [+] redirected national attention to the pre-existing public pension underfunding crisis. Americans are rallying in support of police, firefighters, and school teachers. ASSOCIATED PRESS By singling out state and local pensions as undeserving of coronavirus relief, Mitch McConnell has redirected
Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images) The Washington Post The Small Business Administration is applying
The Fed’s historic $500 billion intervention will help stabilize the muni market. But it won’t solve the plummeting state and local budgets caused by the pandemic recession. Federal Reserve Chairman Jerome Powell is overseeing a historic intervention in municipal bond … [+] markets. (Photo by Federal Reserve via Getty Images) Getty Images Among the extraordinary policy
CHICAGO, ILLINOIS – MAY 07: A closed sign hangs in the window of a Neiman Marcus store that has been … [+] shuttered by the COVID-19 pandemic on May 07, 2020 in Chicago, Illinois. Neiman Marcus filed for bankruptcy today, making it the first major retailer to seek bankruptcy protection since the economic collapse brought
Oil jumped more on Thursday and was on track for its second best week in history as a number of bullish factors supported prices, including U.S. companies cutting production, Saudi Arabia raising its official oil selling price and gasoline demand improving as economies around the world reopen. West Texas Intermediate, the U.S. benchmark, jumped 8%,
Charles Schwab has released more details about its new fractional investing feature, which is reportedly debuting June 9. Called Schwab Stock Slices, investors will be able to trade fractional shares of any S&P 500 company starting at $5 each. Traditionally, to buy an individual stock you needed to at least cover the price of one share,
A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Please check back for updates: 8:01 am: Moderna surges 16% in premarket after FDA approves vaccine phase 2 trial