If daydreaming about scoring a windfall would help you escape the coronavirus doldrums, you might want to buy a Mega Millions ticket. The lottery game’s jackpot has reached the $200 million mark for the first time in almost three months amid slowing sales. And if all six numbers are matched in Friday night’s drawing, it
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Owner Mark Cuban of the Dallas Mavericks reacts prior to the game against the Philadelphia 76ers at the Wells Fargo Center on December 20, 2019 in Philadelphia, Pennsylvania. Mitchell Leff | Getty Images Small businesses should apply to multiple banks in order to boost their chances of receiving a loan through the Paycheck Protection Program,
An ampule of Ebola drug remdesivir is pictured during a news conference at the University Hospital Eppendorf (UKE) in Hamburg, Germany, April 8, 2020, as the spread of coronavirus disease (COVID-19) continues. Ulrich Perrey | Reuters Gilead Sciences said Thursday that it can produce “several million” rounds of its antiviral drug remdesivir next year to
Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday. That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile. Apple has continuously hosted one of the largest cash piles among U.S. companies but is facing pressure from the Covid-19 pandemic.
A man cleans up on the trading floor, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2020. Lucas Jackson | Reuters Traders have had to rapidly adjust their day-to-day routine as the corornavirus pandemic has forced many around the world to work
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 23 of 30. Even in the best of times,
Elon Musk, CEO of Tesla and SpaceX. Peter Parks | AFP | Getty Images Elon Musk is having issues with conference calls lately. Thursday afternoon, the SpaceX CEO unexpectedly spoke up during a NASA conference call on Thursday, after the agency’s Administrator Jim Bridenstine was asked about Musk’s recent comments on the coronavirus pandemic. On Wednesday
If you got a refund from college for room and board or other expenses, consider yourself lucky. But beware of the potential tax bite. As colleges and universities across the U.S. remain closed in an effort to slow the spread of Covid-19, refunds for meals or housing have varied from school to school. Still, when it comes
Large companies that received money from the small business loan program are not to blame, according to former TARP watchdog Neil Barofsky. “You have to go back to the design of the program itself,” Barofsky told CNBC on Thursday. “I mean, Congress went out of its way to carve out businesses that have more than 500
A United Airlines plane prepares to take off at the Benito Juarez International airport in Mexico City, on March 20, 2020. Pedro Pardo | AFP | Getty Images United Airlines Thursday posted its biggest quarterly loss since 2008 and expects to burn an average of $40 million to $45 million a day in the second quarter as
Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019. Mason Trinca | Reuters Apple shares were down slightly in extended trading on Thursday after the company’s second-quarter earnings in which it reported $58.3 billion in revenue, a slight year-over-year increase, during a quarter in which supply
Western Digital hard drives are shown for sale at an Office Depot Inc store in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines after the bell. Amazon — The e-commerce giant’s stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of
The economic impact of the coronavirus pandemic has been felt by millions of workers, including a record-breaking 30.3 million Americans who have filed for unemployment over the past six weeks. Young people are feeling some of the harshest impacts when it comes to job prospects. According to data from job site Glassdoor, the number of
A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto Chris Helgren | Reuters Wells Fargo, one of the largest home lenders in the U.S., said it it stepping away from the market for home equity lines of credit because of uncertainty tied to the coronavirus pandemic. Here’s the statement
Peathegee Inc Homeowners in New Jersey are getting a little bit of breathing room on their property taxes. Gov. Phil Murphy signed an executive order permitting municipalities to shift the property tax payment deadline from May 1 to June 1. The Garden State is home to the highest levies on property in the nation, with
A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters American Airlines lost more than $2.2 billion in the first three months of the year — its biggest quarterly loss since
McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY. Eduardo Munoz | Getty Images McDonald’s is expected to report earnings before the bell Thursday. Wall Street is anticipating earnings per share of $1.57 on revenue of $4.65 billion, based on a survey of
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter reported quarterly profit of 11 cents per share, a penny a share above estimates. Revenue and the number of monetizable daily active users beating forecasts as well. Twitter is not giving any guidance for the current quarter or the
Online books are having a moment. They are the highest-ranked category in year-over-year e-commerce growth, surging 295%. Phil Town, an author whose investing books have been best sellers, is also a big reader of iconic investors who have displayed a penchant for writing. Here are the five market giants Town recommends for reading material if you want
A United Parcel Service worker delivers packages on April 29, 2020 in New York City. Stephanie Keith | Getty Images Half of the S&P 500 companies have reported earnings for the first quarter and this has been the strangest earnings season imaginable. Consider: Global activity has ground to a halt in some sectors, but