V-shape? U-shape? L-shape? Wall Street strategists are engaged in a fight over whether the coroanvirus outbreak is a one-quarter hit to earnings and the economy or whether it is a multi-quarter phenomenon. The multi-quarter phenomenon appears to be winning. But there are signs of hope. One story that has gone out the window in the
Month: March 2020
Tetra Images Like millions of American women, I’ve experienced widowhood. According to the U.S. Census Bureau, as of 2019, there were almost 15 million widows and widowers in the country. About 77% of these individuals, or 11.4 million, were women. (Some widowed people later remarry, so the total number of individuals experiencing widowhood is actually
The coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, visit the live blog from CNBC’s Asia-Pacific team. All times below are in Eastern time. Global cases: At least 101,587, according to data compiled by Johns Hopkins University. Global deaths: At least 3,460, according to data compiled by Johns Hopkins University. US cases:
The “Fast Money” traders share their first moves for the market open. Steve Grasso was a buyer of Snap. Brian Kelly was a buyer of SPDR Gold Shares. Karen Finerman was a seller of S&P 500 ETF puts. Guy Adami was a buyer of FireEye. Disclaimer Trader disclosure: Brian Kelly is Long Bitcoin, Ethereum. Long GLD,
Source: Leidos A government contractor Stifel deemed “The Terminator” could be one of the best bets to lead the market back after the coronavirus sell-off, according to Wall Street analysts. Analysts have been getting behind Leidos as the outbreak has spread around the world. In the last three weeks, Wells Fargo and Stifel upgraded the stock to
Think twice before celebrating that large refund check from Uncle Sam. The IRS had doled out 45.5 million refunds as of Feb. 28, with the average refund check totaling $3,064. That amount is just $4 less than last year’s average refund. Filers have reasons to celebrate their small windfall. Most have ambitious plans for their
Damage to the Basement East music venue near the Five Points area is seen on Thursday March 05, 2020 in Nashville, Tennessee. Tornados hit the area early Tuesday morning. Matt McClain | The Washington Post | Getty Images Businesses small and large are working together toward recovery after tornadoes ripped through central Tennessee Tuesday morning,
Daniel Craig stars as James Bond in “No Time To Die.” MGM The coronavirus outbreak may have pushed ”No Time to Die” to trade its April box-office release in favor of a November one, but that doesn’t mean other Hollywood blockbusters are going follow suit. As the number of countries reporting new cases of COVID-19 grows,
Farmer Dana Putnam tries to tap a maple tree for sap, but is unsuccessful. His trees are producing less sap as the climate changes. Emma Newburger | CNBC ORANGE COUNTY, NY — Dana Putnam drilled into a maple tree, added a plastic tube and waited for the sap to flow. Nothing happened. It’s the end
Panic selling not only locks in losses but also puts investors at risk for missing the market’s best days. Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500’s 10 best days in each decade, total returns would be just 91%, significantly below the 14,962% return
If you’ve been considering overseas retirement spots, the rapid spread of the new coronavirus around the globe might be giving you pause. That may not be a bad thing, say some experts. While it’s tricky to predict where and when any contagion — whether this coronavirus or another pathogen — will emerge, a key consideration
Customers wearing protective masks wait in line to enter a McDonald’s restaurant during lunch time in Shanghai, on March 2, 2020. Qilai Shen | Bloomberg | Getty Images Starbucks baristas are washing their hands every 30 minutes. McDonald’s employees are cleaning surfaces like door handles, self-order kiosks and table tops more frequently. Reusable mugs are
A woman jogs past an H&R Block office on Tax Day, April 18, 2017. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots rallied more than 6% in midday trading after it confirmed it received notice from two activist investor
Investors who have long time horizons should continue to take advantage of the stock market’s pullback due to coronavirus fears, National Economic Council Director Larry Kudlow told CNBC on Friday. “Long-term investors should think seriously about buying these dips,” Kudlow, President Donald Trump’s top economic advisor, said on “Squawk on the Street.“ Kudlow, formerly a longtime CNBC commentator, said
Damircudic | Getty Images When it comes to saving for retirement, many working women are falling short. Almost one-fifth, or 19%, of working women have nothing saved for retirement, according to a new CNBC/SurveyMonkey Women at Work Survey. The poll surveyed 1,068 working women in the U.S. from Feb. 10-14. “It’s not because women don’t
Tom Holland and Chris Pratt voice teenage elf brothers in Pixars’ “Onward.” The pair embark on a quest to spend one last day with their father, who died when they were too young to remember him. Disney Pixar has set a high standard for animated movies over the last 25 years, but its latest title
Traders work during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The S&P 500 has never behaved like this, but Wall Street strategists say get used to it. Investors just witnessed the equity benchmark swinging
Virtu Financial founder Vincent Viola said Friday that the strength of the U.S. economy is a signal that now is a good time to buy stocks despite the recent sell-off. Viola told CNBC’s Scott Wapner on “Halftime Report” that the labor market showed that the U.S. economy was still strong. “I am of the opinion
The recent stock market meltdown may have dented Americans’ retirement savings, but there’s a silver lining: The downturn made one common retirement strategy less costly for investors. The strategy, known as a Roth IRA conversion, involves changing a traditional, pre-tax retirement account — such as a 401(k) plan or a qualified individual retirement account — to an
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Lindsey Wasson | Reuters Boeing‘s 737 Max was “marred” by technical problems, a lack of transparency and other issues, according to preliminary findings of a House investigation, released on Friday, into the beleaguered plane.
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