Jeffrey Gundlach, CEO of DoubleLine, said on Monday the stock market could sell off again to retest the low in March as he believes investors are too optimistic about the economic recovery from the coronavirus pandemic. “I’m certainly in the camp that we are not out of the woods. I think a retest of the
Month: April 2020
As several states begin to reopen businesses, billionaire Mark Cuban says it may be too soon to do so amid the widespread coronavirus pandemic — and he has a simple litmus test for when people will feel comfortable returning to stores and offices that have been closed for weeks. “You just want to keep people safe,”
Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
Ziga Plahutar If you’ve had trouble accessing the Get My Payment tool to check on the status of your coronavirus stimulus payment, you may want to try again. The IRS announced on Sunday it had made “significant enhancements” to the web portal, which first went live on April 15. The changes are aimed at creating what
A masked pedestrian walks past shuttered shopfronts in Hollywood, California on April 23, 2020. FREDERIC J. BROWN/AFP via Getty Images Many Americans collecting unemployment benefits may be wondering: Why isn’t my check bigger? The $2.2 trillion coronavirus relief package enacted last month expanded unemployment benefits in several ways, partly by increasing jobless pay by $600
Medical staff in protective suits treat a patient with pneumonia caused by the new coronavirus at the Zhongnan Hospital of Wuhan University, in Wuhan, Hubei province, China, January 27, 2020. China Daily | Reuters The Centers for Disease Control and Prevention has added six new symptoms of Covid-19 to its website as scientists gather more data
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 19 of 30. The past few weeks have been
A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending. Even before the state shutdowns took
The Boeing logo is pictured at its Renton Factory, where the Boeing 737 MAX airliners are built in Renton, Washington on April 20, 2020. JASON REDMOND | AFP via Getty Images A slew of upcoming Boeing announcements aim to calm investor nerves and set the stage for future growth — much like when Dave Calhoun was
Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Stocks futures fell slightly on Sunday night, following oil prices lower, while investors assessed the possibility of re-opening the global economy after the coronavirus outbreak. Dow Jones Industrial Average
On March 27, President Donald Trump signed a $2 trillion stimulus bill to help individual workers and small businesses cope with the economic downturn of the coronavirus pandemic. Under the bill, individuals will receive a one-time check of $1,200 if they earn an adjusted gross income of $75,000 or less, and they will receive a
Geology is the study of pressure and time. That’s all it takes really… pressure… and time. Red Redding “The Shawshank Redemption” Pressure. Time. And a big gosh darn supertanker. Apologies for altering one of Morgan Freeman’s most famous lines in movies, but it had to be done to fit the oil drama that’s playing out
People wait in line to receive food at a Food Bank distribution for those in need as the coronavirus pandemic continues on April 9, 2020 in Van Nuys, California. Mario Tama | Getty Images This week, Congress approved $310 billion to add to the initial $349 billion Paycheck Protection Program (PPP). The program provides small
TDECU Stadium Houston Slyworks Photography, courtesy of DLR Group With the coronavirus pandemic dictating the capacity of social gatherings, a return to the design of original Major League Baseball stadiums could be in the future, said an architect and engineering firm. Don Barnum, of firm DLR Group, said teams would need to make “required and
Monty Bennett and executives from Braemar Hotels and Resorts ring the closing bell at the NYSE on April 25th, 2018. Source: NYSE Even as the U.S. small business relief program is set to reopen Monday with fresh funding, the full extent that public companies tapped the emergency facility is only now becoming clear. More than
From baking to puzzles, the Covid-19 quarantine might have you turning to hobbies that you never had time for before. If you’re looking for a calming weekend art project, Disney has free drawing classes on YouTube. You can learn how to draw some of the most popular Disney characters, from Elsa from “Frozen” to Goofy.
Phynart Studio In the Before Time, you had your pick of side gigs. That was before the coronavirus pandemic changed just about everything, including (possibly) your salary. If you’re looking for extra cash either to supplement or replace lost income, you might want to consider side jobs that help you avoid contact with potential customers.
Father-daughter team Steve and Leah Kim model the masks their New York City alterations business, Master Tailor, started making when the coronavirus hit. When New York City largely shut down last month due to the spread of Covid-19, it was a devastating blow for some businesses. That included the Master Tailor, an alteration shop on
The COVID-19 pandemic has forced millions of Americans to work from home. But when it’s all over, many people are thinking that trip from the kitchen to the living room may not be such a bad commute. States of Play, a joint CNBC/Change Research survey of swing states, finds 42% of respondents nationwide saying they
File photo of skulls of White Rhinos and the snares that have entrapped them stand as a stark reminder of the ongoing battle in South Africa to protect these majestic, gentle giants of the African bush. Ilan Godfrey | Getty Images Ryan Tate is supposed to be in South Africa right now helping to fight
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