Former New York City mayor Michael Bloomberg, a democratic presidential candidate, attends the U.S Conference of Mayors 88th Winter Meeting in Washington, D.C, January 22, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Democratic presidential candidates are taking aim at a new tax break for small businesses. Billionaire Michael Bloomberg last week pitched a
Month: February 2020
Chinese citizens wear face masks to protect against the spread of the Coronavirus as they check in to their Air China flight to Beijing, at Los Angeles International Airport, on February 2, 2020. Mark Ralston | AFP | Getty Images Dai Xin planned to fly to the northeastern Chinese city of Shenyang this month to
Ye Aung Thu | AFP | Getty Images Yum Brands on Thursday warned that its 2020 results could fall short of its long-term outlook as the Wuhan coronavirus outbreak weighs on sales in China and Pizza Hut struggles to turnaround its U.S. business. Shares of the company slid more than 4% in morning trading. “While
Pinterest screen on a mobile phone Source: Pinterest Check out the companies making headlines after the bell: Pinterest — The online scrapbook company’s stock rose more than 17% in extended trading after it beat analysts’ estimates for fourth-quarter revenue and monthly active users. Pinterest reported fourth-quarter earnings of 12 cents per share excluding some items
A SpaceX Falcon 9 rocket lifts off from Cape Canaveral Air Force Station carrying 60 Starlink satellites on November 11, 2019 in Cape Canaveral, Florida. The Starlink constellation will eventually consist of thousands of satellites designed to provide world wide high-speed internet service. Paul Hennessy | NurPhoto | Getty Images SpaceX is considering spinning off
Low-angle view of the facade of Tesla Motors dealership with logo and sign in Pleasanton, California, July 23, 2018. (Photo by Smith Collection/Gado/Getty Images) Smith Collection/Gado This week’s mania around Tesla stock, which saw the share price of the automaker and sustainable energy company hit its biggest one-day gain in six years, likely has some
This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: More than 28,000 as of Thursday morning.Total deaths: At least 565 worldwide as of Thursday morning 9:23 am Treasury Secretary Steven Mnuchin says coronavirus won’t hamper trade deal Treasury Secretary Steven Mnuchin was pressed by Fox
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Twitter reported earnings for its fourth quarter of 2019 Thursday that missed analyst estimates for earnings per share but beat revenue and active user expectations. The stock
The Leuthold Group’s Jim Paulsen expects stocks to rally higher into record territory due to stronger economic and earnings growth. But his bullish forecast comes with a warning — and it has nothing to do with the coronavirus outbreak. “If we [economy] continue to grow, you’re going to see consumer prices, wages, commodity prices —
Apple CEO Tim Cook speaks about the Apple Watch during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019. REUTERS/Mason Trinca Mason Trinca | Reuters The Apple Watch outsold the entire Swiss watch industry in 2019, according to a new report. Market research firm Strategy Analytics estimates that Apple shipped 30.7 million
Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR Young retail investors rushed into Tesla stock as it surged to new highs this week.
kate_sept2004 Tax season has just started, but you can still find opportunities to cut your 2019 taxes if you know where to look. The IRS started accepting tax returns on Jan.27, kicking off the long march to April 15 — the deadline for taxpayers to pay last year’s liabilities. Even if you’re able to get
Samurai Messenger Service prepares to deliver a packaged mattress from the bed delivery company Casper in New York. Yana Paskova | The Washington Post | Getty Images Casper on Wednesday evening priced its initial public offering at $12 per share. At this price, the company would have a market value of $476 million, excluding the
A high speed production line of insulin is pictured at the factory of Novo Nordisk, a global healthcare company, in Chartres. Jean-Francois Monier | AFP | Getty Images Diabetes drug maker Novo Nordisk said on Wednesday it expects its business to grow at a slower pace in 2020 compared to last year with insulin prices
Dara Khosrowshahi, CEO of Uber, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan,. 22nd, 2020. Adam Galici | CNBC Here are the most important things to know about Thursday before you hit the door. 1. Uber another loss? Uber is set to report its fourth-quarter earnings after
Steve Eisman Olivia Michael | CNBC Steve Eisman, one of the investors who famously bet against the subprime mortgage crisis, said he has killed his money-losing bet against Tesla amid its “cult-like” rally. “I covered it a while ago,” Eisman told Bloomberg Television on Wednesday. “Look, everybody has a pain threshold. When a stock becomes
Sirinarth Mekvorawuth / EyeEm LendEDU, a website that compares loans, credit cards and insurance for consumers, engaged in a pay-to-play scheme that saw the online marketplace accept money from financial firms in exchange for higher ratings and post fake customer reviews, according to the Federal Trade Commission. LendEDU and three company officers deceived the public
McDonald’s worker prepares french fries to go. Getty Images America’s franchisees are poised for another year of growth in 2020 as the U.S. economy chugs along, bolstered by a strong consumer. But facing an election year and a historically tight jobs market, franchise establishment growth is slowing to its lowest rate in the past four
Medical officers spray Indonesian nationals with antiseptic as they arrive from Wuhan, China’s center of the coronavirus epidemic, and before transferring them to the Natuna Islands military base to be quarantined, at Hang Nadim Airport in Batam, Riau Islands, Indonesia, February 2, 2020. Antara Foto | Reuters Jarred Evans spent his fourth night of quarantine
Merck & Company, Inc., d.b.a. Merck Sharp & Dohme outside the United States and Canada, is an American pharmaceutical company and one of the largest pharmaceutical companies in the world. Igor Golovniov | LightRocket | Getty Images Merck said on Wednesday it intends to spin off its women’s health, biosimilar drugs and older products into
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