CNBC’s Jim Cramer warned new investors Tuesday about the serious risk of buying the stock of companies that filed for bankruptcy such as Hertz. “You may think a stock like Hertz or Chesapeake looks like a steal at these levels, but the only people being robbed here are you the buyers,” the “Mad Money” host said,
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A store stands closed near Wall Street as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City. Spencer Platt | Getty Images One result of the coronavirus pandemic could be as many as 25,000 store closures announced by retailers this year, as the crisis takes a toll on many
Hong Kong police control access to a street in the central Mongkok neighbourhood during the demonstrations. A new wave of protests rise in Hong Kong at the news that the Chinese government will unilaterally pass the National Security Law 23. SOPA Images Like most economies, Hong Kong should have a national security law — even
Protesters rally at the Texas State Capitol to speak out against Texas’ handling of the COVID-19 outbreak, in Austin, Texas, Saturday, April 18, 2020. Eric Gay | AP Texas reported a record number of coronavirus hospitalizations Monday — weeks after Gov. Greg Abbott took the lead among governors in easing social distancing measures across to help
Hundreds of thousands of employees are expected to return to work in New York City on Monday as the city moves into its first phase of reopening after nearly three months of restrictions and closures. Shops can partially reopen for curbside pickup, though most of the resumed economic activity will be in construction and manufacturing.
An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS American Airlines has recently detailed severance packages for high-level employees if they are laid off when the terms of federal aid expire in the fall, people familiar with the matter said.
Diners eat lunch on the sidewalk in front of Casa Margarita restaurant on May 29, 2020 in LaGrange, Illinois. Phase 3 of Illinois governor J.B. Pritzker’s “Restore Illinois” plan began today with limited reopening’s of some businesses as a step toward restoring normal life during the COVID-19 pandemic. Jonathan Daniel | Getty Images As states
White House health advisor Dr. Anthony Fauci has said the coronavirus outbreak in the U.S. appears to be going in “the right direction” despite a few “blips.” New York saw its lowest daily death toll in eight weeks on Thursday and the number of daily deaths related to Covid-19 have been on a slow, steady decline from
As the global death of Covid-19 nears 400,000, U.S. health officials are keeping a close eye on caseloads and hospitalization rates as states continue to relax their lockdown measures and reopen different types of businesses. U.S. cases have been climbing since Memorial Day, but New York City this week reached an optimistic milestone: on Friday,
Demonstrators hold their fists in the air during at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee People across the U.S. and other parts of the world are gathering in major demonstrations on Saturday against racism and police violence, marking the 12th consecutive
An OPEC sign hangs outside the OPEC Secretariat in Vienna, Austria, on Nov. 29, 2017. Akos Stiller | Bloomberg | Getty Images OPEC and its oil-producing allies reportedly agreed to extend the historic 9.7 million barrels per day production cut that was set to expire at the end of June, according to two sources familiar
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Friday, April 17, 2020, in Washington. Alex Brandon | AP White House health advisor Dr. Anthony Fauci said he has “no doubt” that Americans who aren’t wearing
A Boeing 777-222(ER) passenger plane belonging to the United Airlines taking off at Hong Kong International Airport on August 08 2018 in Hong Kong, Hong Kong. Marcio Rodrigo | Getty Images United Airlines plans to close three of its five overseas flight attendant bases in October as international air travel continues to struggle because of the coronavirus
As the global death toll of Covid-19 surpasses 390,000, the spread of the virus continues to accelerate in parts of Latin America and Eastern Europe, according to the World Health Organization. Daily new confirmed cases are pushing new highs, according to data compiled by Johns Hopkins University, with an all-time high of 130,400 new cases
Pharmaceutical company AstraZeneca is aiming to produce 2 billion doses of a coronavirus vaccine, including 400 million for the U.S. and U.K. and 1 billion for those in low- and middle-income countries. It plans to start distributing the vaccine to the U.S. and U.K. in September or October, with the balance of deliveries likely to
A view of Gap Clothing Store in Times Square in New York City USA during the coronavirus pandemic on May 9, 2020 in New York City. John Nacion | NurPhoto | Getty Images Gap Inc.‘s first-quarter sales fell 43%, the clothing maker reporter Thursday, as its stores were shut for much of the period due
Coronavirus hospitalizations are on the rise around the country, Dr. Scott Gottlieb told CNBC Thursday, as states push forward with plans to reopen the economy and mass protests engulf the country. That could become a problem in the fall, when hospitals around the country begin to fill with flu patients. As the two outbreaks coincide,
“Theater Closed” signs are posted in front of the AMC Montebello, as the US chain of AMC movie theaters closes for 6 to 12 weeks, On March 17, 2020 in Montebello, California, as the coronavirus (covid-19) epidemic leads to restaurant and school closures and workers working from home in an effort to encourage social distancing.
U.S. President Donald Trump deplanes from Air Force One as he returns to Washington after travel to the Kennedy Space Center in Florida at Joint Base Andrews, Maryland, May 27, 2020. Jonathan Ernst | Reuters President Donald Trump finished a regimen of the anti-malaria drug hydroxychloroquine “without side effects,” a White House doctor said Wednesday.
Activists of the new political movement “Orange Vests” (Gilet Arancioni) protest during a demonstration against the Italian Government for the economic problems the country is having due to the coronavirus pandemic as phase two of the lifting lockdown exit plan continues on June 2, 2020 in Rome, Italy. Stefano Montesi – Corbis Remember the “yellow