CNBC’s Jim Cramer said Tuesday the stock market could go higher if more people in the U.S. wore face masks to limit the spread of the coronavirus. The current strength in equities is concentrated in technology-related stocks and not sectors tied to state economic reopening plans, Cramer said on “Squawk on the Street.” “Let’s give the
Month: July 2020
A Jos. A. Bank store window Source: Getty Images The parent company of Men’s Warehouse announced a round of layoffs and hundreds of looming store closures Tuesday, as its business suffers a blow from the coronavirus pandemic. Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second
Ramin Talaie | Getty Images Coca-Cola is expected to report its second-quarter earnings before the bell on Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by Refinitiv: Earnings per share: 40 cents expected Revenue: $7.18 billion expected The coronavirus pandemic has weighed on both supply and demand for Coke’s products. About half
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 42 cents per share, 2 cents a share above estimates. Revenue was in line with expectations. It was the 23rd time in 25 quarters that the company beat Wall Street forecasts, but a year-over-year revenue
Getty On July 6th, the SBA released borrower information for many businesses that received loans through the Paycheck Protection Program (“PPP”). The public is now able to see the “loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, [and] jobs supported” of any borrower who
Shot of a young man using a smartphone while having coffee at a cafe superimposed on a city… [+] background Getty “I would either not even think about solutions because I was so wrapped up in the problem, or if I did think about solutions, I would focus on how to solve the problem in
An alternative to gold Getty There are other ways to capitalize on future market mischief I think of gold this way: in times of market stress, own it…if you really have to. Gold has a reputation as a substitute for hard currencies. But there are many ways to invest to try to solve the problems
M&A – acronym from wooden blocks with letters, mergers and acquisitions M&A concept, top view on … [+] grey background Getty As vulnerable businesses continue to struggle with the effects of COVID-19, there has been an uptick in mergers and acquisitions. Whether these deals have unintended tax consequences, however, may depend on choices that the buyer,
WASHINGTON, DC – JULY 20: U.S. President Donald Trump talks to reporters while hosting Republican … [+] Congressional leaders and members of his cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC. Trump and his guests talked about a proposed new round of financial stimulus to help the economy
WASHINGTON, DC – JULY 20: U.S. President Donald Trump talks to reporters while hosting Republican … [+] Congressional leaders and members of his cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC. Trump and his guests talked about a proposed new round of financial stimulus to help the economy
Melissa da Silva, president of tour operators Trafalgar Tours, Brendan Vacations and Costsaver, divisions of Cypress, California-based The Travel Corporation. Trafalgar Tours/The Travel Corporation One of the biggest disappointments of the pandemic lockdown of 2020 — and there are many — has to be the eagerly awaited vacations and getaways that millions of Americans have
Less than three weeks after reopening to international travelers, the Bahamas is closing its borders to U.S. residents after a rise of coronavirus infections on the island nation. In a national address on July 19, Bahamas Prime Minister Hubert Minnis announced that airports and seaports would close to all travelers except those coming from Canada,
null Getty With Covid-19 hitting large cities the hardest, people have started looking to the suburbs. Headlines like “Coronavirus Escape: To the Suburbs” in the New York Times, “Coronavirus: Americans flee cities for the suburbs” in USA Today, “Will the Coronavirus Make the Suburbs Popular Again?” in Architectural Digest suggest an impending mass exodus to suburbia. And according
Finding great REITs can be a daunting task, especially during a pandemic like the one we’re living in right now. Lost in the uncertainty, few investors recognize that now is actually the time to act. It’s time to take advantage of mispricing opportunities in order to build a portfolio of “everlasting gobstopper” income. In order
With Arkansas’ statewide mask mandate from Gov. Asa Hutchinson taking effect Monday, more than half of the United States now has statewide mask mandates to help curb the spread of the coronavirus, an analysis of statewide policies from CNBC shows. Twenty-eight states have statewide orders requiring face coverings in public. Masks are recommended by both
The view from the top of Shanghai’s skyscraper shows Jin Mao Tower (left) and Shanghai World Financial Centre (right) on November 11, 2015 in Shanghai, China. Alexander Kaunas | Kommersant | Getty Images BEIJING — When it comes to betting on a post-coronavirus China, some of the country’s largest property developers are concentrating on a few
Getty Images High-income households will come out ahead – at the possible expense of the poor – if the Supreme Court overturns the Affordable Care Act. Last month, the Trump administration asked the Supreme Court to do away with the health-care measure, arguing that the law became unconstitutional when Congress eliminated the penalty for not
In a new series, CNBC Make It speaks to young entrepreneurs who are pivoting their businesses, or starting anew, to address some of the challenges raised by the coronavirus pandemic. The race is on to combat the coronavirus. Since the outbreak was first identified at the start of this year, pharmaceutical giants and institutions have been
Billionaire Mark Cuban told CNBC on Monday the stock market’s rally from its late March coronavirus-driven low reminds him of the 1990s dot-com bubble. “In some respects it’s different because of the Fed and the liquidity they’ve introduced and the inflation for financial assets that comes with that. But on a bigger picture, it’s so
The World Health Organization on Monday applauded newly published data by researchers at Oxford University and AstraZeneca on a potential coronavirus vaccine but cautioned that it’s still early and further evidence of its effectiveness is needed. “It is good news,” Dr. Mike Ryan, executive director of the WHO’s emergencies program, said at a press conference at the organization’s
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