Personal finance expert Suze Orman wants Wendy Gonzalez to think bigger when it comes to her money goals. The Los Angeles-based millennial earns $80,000 a year working as a logistics supervisor for an auto tech company and eventually wants to make $95,000. “Why limit yourself to $95,000 a year?” Orman asks, reacting to CNBC Make
admin
Hedge fund manager Kyle Bass told CNBC on Tuesday that he didn’t anticipate the stock market to recover as significantly as it has from its coronavirus-driven lows in March. “I’m surprised at the size of the bounce when you look at our economy and the fact that we have … 20% unemployment, and in the
SDI Productions Now more than ever, it may pay for students to negotiate with colleges for more money towards tuition. The coronavirus pandemic has left many American families facing financial hardship. However, colleges are also concerned about their fall enrollment, which is likely to drop. Most have already extended decision day for incoming freshmen to
President Donald Trump said he wants the Food and Drug Administration to move “as quickly as they can” to approve Gilead Sciences’ antiviral drug remdesivir as a treatment for the coronavirus. “We would like to see very quick approvals, especially with things that work,” he said at a roundtable at the White House with business executives
Fed Ex change of hours and Social Distancing signage due to the COVID-19 coronavirus pandemic on March 22, 2020 in New York City. Bill Tompkins | Getty Images FedEx, citing the devastating impact of Covid-19, requested that its rent be cut in half at some FedEx Office locations for three months, a move sharply criticized
In this photo illustration the American biotechnology company Gilead Sciences logo seen displayed on a smartphone with a computer model of the COVID-19 coronavirus on the background. Budrul Chukrut | SOPA Images | Getty Images The Food and Drug Administration has been in “sustained and ongoing” discussions with Gilead Sciences to make antiviral drug remdesivir
A Prime Air cargo plane, operated by Amazon.com Inc., sits on display with other passenger jets during the 53rd International Paris Air Show at Le Bourget, in Paris, France. Jason Alden | Bloomberg | Getty Images As millions of would-be travelers stay home because of the coronavirus pandemic, one airline has found an eager customer: Amazon.
Steve Mollenkopf, chief executive officer of Qualcomm Inc. Patrick T. Fallon | Bloomberg | Getty Images Qualcomm reported second-quarter earnings after the bell on Wednesday. The stock was up more than 3% after hours, in addition to a nearly 5% rise during trading on Wednesday. Here’s how it did: EPS: $0.88 Revenue: $5.21 billion Wall
Facebook shares rose as much as 10% in after-hours trading on Wednesday after the company announced its first-quarter results. Earnings (EPS): $1.71 Revenue: $17.74 billion Daily active users (DAUs): 1.73 billion Monthly active users (MAUs): 2.6 billion Average revenue per user (ARPU): $6.95 Analysts surveyed by Refinitiv expect $1.75 in earnings per share and $17.41
Elon Musk, chief executive officer of Tesla Inc., speaks during a ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020. Qilai Shen | Bloomberg | Getty Images Tesla shares rose more than 7% after hours as the company showed its third consecutive quarter with a profit. Here’s how the company did:
Microsoft CEO Satya Nadella Tobias Schwarz | AFP | Getty Images Microsoft shares rose 2% in extended trading on Wednesday after the company reported fiscal third-quarter sales growth of 15%, fueled by its cloud business. The company said in a statement that the coronavirus “had minimal net impact on the total company revenue” in the
The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggressive policy stance until it is comfortable that the U.S. economy is back on its feet. Following this week’s Federal Open Market Committee meeting, the central bank said it would maintain its current interest rate target between 0%
This is Wednesday’s Federal Open Market Committee statement after the latest Fed meeting. Given the unprecedented circumstances brought on by the coronavirus crisis, as well as the Fed’s extensive actions to mitigate the pandemic, the central bank has issued statements with more frequency and variance than typical. The Fed issued three statements in March alone.
[The stream is slated to start at 2:30 pm ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell was scheduled to meet with the press via teleconference Wednesday afternoon following the Federal Open Market Committee meeting. The Fed just kept its benchmark interest
Federal Reserve chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the coronavirus crisis. “It may well be the case that the economy will need more support from all of us if the recovery is to be a robust one,” Powell said in a virtual press conference on Wednesday following the
Balancing the demands of office life and home life can be overwhelming for any working parent. But with women spending a disproportionate amount of time handling housework and childcare responsibilities, data from Pew Research Center shows that women are more likely than men to adjust their careers for family. As the coronavirus pandemic continues to
As the coronavirus pandemic has upended lives around the world, office professionals who’ve been sent to work from home for the foreseeable future have adjusted to a new way of living and working. For many, coworkers offer support and connection when it’s never been more crucial to make sense of stressful times. If there’s a
Although it may seem as though every health care worker is on the front lines fighting Covid-19, many medical professionals are at home waiting to get back to work like millions of other Americans. That’s because many hospitals and health systems have suspended elective services and procedures during the shutdown. Over 200 facilities around the country
We each have our own different challenges to deal with, but if there’s one thing we can all agree with, it’s that there’s never been a more urgent need for laughter, inspiration and escapism. Luckily, we have podcasts to keep us informed — but not to an excessive degree — about the coronavirus pandemic, while also
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls