CNBC’s Jim Cramer said Tuesday that he feels better about buying stocks now that President Donald Trump publicly acknowledged the need for coronavirus relief for workers and small businesses. Trump plans Tuesday to meet with Senate and House Republicans to discuss “a possible payroll tax cut” and other “substantial relief” as coronavirus cases in the
Month: March 2020
As a personal finance reporter at CNBC, when the stock market drops, as it has from the coronavirus outbreak, I write stories reminding our readers to remain focused on their long-term goals and to resist panic. Beneath that advice, however, I usually have a nagging feeling – a wish that I was more worried by the latest
A person wears a face mask as a precaution against coronavirus in New York, on March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images An Uber driver. A Starbucks barista. A Walmart store employee. Retailers, fast-food chains and customer service-related companies face a new challenge as the coronavirus outbreak spreads in the U.S.:
Traders work at the New York Stock Exchange. Johannes Eisele | AFP | Getty Images U.S. stock futures fell sharply on Tuesday night, pointing to another volatile session on Wall Street following a massive rally. Around 7:40 p.m. ET, Dow Jones Industrial Average futures were down about 366 points, indicating a loss of more than
skynesher | Getty Images When life changes, so do your finances. Any new relationship, or new stage in one, means you’ll need to tweak the way you pay expenses and plan for the future. It may be hard to keep focused on some of the less-thrilling money stuff when your heart is filled with joy.
Oil prices are already trading at their lowest level in four years after talks between OPEC and its allies deteriorated, and Goldman Sachs global head of commodities research Jeffrey Currie said that things are likely going to get worse. “The next six months are likely to be painful,” he said Tuesday on CNBC’s “Halftime Report.” “I
Ngampol Thongsai / EyeEm Americans’ health may not be the only thing at stake as the coronavirus continues its unrelenting spread in the U.S. The virus could also prove financially crippling for many individuals. “There are all kinds of pathways for people to be financially affected by this,” said John Graves, an associate professor of
A medical worker in protective clothing attends the COVID-19 coronavirus response-training exercise, at the Oleksandrivska Clinical Hospital in Ukraine. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Stock markets are plunging — down about 7% so far today — oil prices are in free fall, supply chains are being disrupted, and in the middle
Walmart said Tuesday it is deploying an emergency employee leave program as the retailer confirms one of its store associates in Cynthiana, Kentucky, has tested positive for the coronavirus. The infected employee is a woman and Walmart said she is improving with medical care. The new policy comes as the coronavirus spreads throughout many U.S. states
The headquarters of Morgan Stanley in New York. Shannon Stapleton | Reuters Morgan Stanley said that an employee at its suburban New York office has tested positive for the coronavirus disease. The bank conducted a “deep cleaning” of the Purchase office after making the discovery, the New York-based firm told employees Tuesday in an email.
When things get scary, we all look for something to protect us. A new approach, somebody who seems to have the latest and greatest idea, which appeals to the irrational parts of us that are responding from fear. In the case of coronavirus, this has led to mass purchases of household supplies, protective masks and
US President Donald Trump gestures after arriving on Capitol Hill as US Senate Majority leader Mitch McConnell (R-KY) and Senator Roy Blunt (R-MO) look on in Washington, DC on March 10, 2020. Nicholas Kamm | AFP | Getty Images As oil prices decline and pressure energy companies, President Donald Trump will reportedly likely seek a
Moyo Studio | E+ | Getty Images This week’s markets may be giving some investors flashbacks to 2008, when stocks hit a turbulent stretch and the financial crisis began. However, fearful investors should take heart: The factors at play in this market are very different than they were then, executives from Merrill Lynch Wealth Management
Hero Images | Getty Images The average annual revenues of women-owned business rose 68% in 2019, to $384,359 from $228,578 in 2018, according to the annual study of women-owned companies by Biz2Credit. However, while this growth is impressive, male-owned businesses generated a much higher average annual revenue: $752,154 in 2019, up jump from $473,157 in
A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines said Tuesday that it will make deep cuts throughout its network to cut costs as coronavirus drives down demand for air travel. The carrier’s announcement follows similar measures taken by American, United and JetBlue. The Atlanta-based carrier
Traders work at the New York Stock Exchange in New York, the United States, on Jan. 8, 2020. Xinhua News Agency Financial markets should be able to recover from the recent sell-off with the help of the Federal Reserve and the U.S. government, according to JPMorgan Chase. The firm believes stocks have priced in a
Given that Australia’s indigenous population thrived for thousands of years before Europeans arrived, it would be logical to assume the country’s native plants — known as bush food — would have long featured on restaurant menus. Not so. For decades, most chefs avoided ingredients like mountain pepper, quandong (a wild peach) and wild rosella, and
Stock trading app Robinhood is rolling out trading in bitcoin and ethereum in February for customers in five states. Source: Robinhood Free stock trading pioneer Robinhood is experiencing another major outage on Monday, keeping clients on the sidelines during another historic day for stocks. “Trading is currently down on Robinhood and we’re investigating the issue,” the
As the stock market cratered again due to crashing oil prices and coronavirus fears, many investors grappled with pulling money out of equities and stock funds and moving it to safer investments, including bond funds, money market accounts — and cash. It’s been an ongoing quandary as investors were already skittish after a roller-coaster first
A person wearing a protective mask sits in a Bay Area Rapid Transit (BART) train car in San Francisco, California, on Wednesday, Feb. 26, 2020. David Paul Morris | Bloomberg | Getty Images It takes an average of about five days for COVID-19 symptoms to show after contracting the virus, while the vast majority of
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