Coca-Cola Chairman and CEO James Quincey said Tuesday that easing restrictions on business during the coronavirus pandemic needs to be done with an understanding it may not last. “We shouldn’t assume that each step forward is permanent necessarily,” Quincey said on CNBC’s “Squawk on the Street.” People must recognize that the economic restart must be done in
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People wear their face masks waiting in line for an emergency food distribution at the 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, California, during the coronavirus pandemic. Frederic J. Brown | AFP | Getty Images The Covid-19 outbreak in Los Angeles County is likely far more widespread than previously
Wired senior staff writer Cade Metz and Arvind Krishna, then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images IBM stock moved 3% lower in extended trading on Monday after the company released first-quarter results that
Smucker’s Fruit & Honey brand fruit spread Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell. IBM — The technology company’s stock fell 3% in extended trading after IBM reported first-quarter financial results. The company reported revenue of $17.57 billion while analysts polled by Refinitiv expected $17.62 billion.
Many Americans are grappling with what to do with their retirement savings, uncertain whether to head for the exits or buy more stocks on sale. The recently passed CARES Act makes it easier for you to tap your 401(k) and retirement accounts, but there could be significant long-term consequences for your financial security. I spoke
Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor Howard Marks said there is a sharp disconnect between the stock market and the reality the world is facing amid the coronavirus outbreak. “We’re only down 15% from the all-time high of Feb. 19,” Marks, co-founder of Oaktree Capital Management, on CNBC’s “Halftime
Pascal Broze | Getty Images Millions of Social Security beneficiaries are eligible for coronavirus stimulus payments. But even as the first checks have started to go out, many still have questions as to when and how they will receive their money. Most individuals who receive Social Security or Supplemental Security Income (SSI) benefits are eligible
As the coronavirus pandemic continues to take its toll on the U.S. economy, a new survey from the National Restaurant Association lays out how dire the situation is for the industry. More than two-thirds of the restaurant workforce, or 8 million employees, have lost their jobs as shelter-in-place orders and mandatory closures have severely impacted
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Lindsey Wasson | Reuters The coronavirus pandemic, the threat of airline bankruptcies and a global recession. Now a historic oil glut and price crash are adding to the woes of Boeing and Airbus. The
A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma. J. Pat Carter | Getty Images Leading fracking firm Halliburton reported a $1 billion first-quarter loss and $1.1 billion in impairment charges on Monday as it gave a bleak outlook for North American oilfields
If you’re a long-term investor, Federated Hermes’ Phil Orlando sees potential for record gains. But if you’re looking for upside this year, you may want to hunker down some more. “The economic and corporate earnings news for the next month or two is going to be dreadful,” the firm’s chief equity market strategist told CNBC’s “Trading
If you and your partner are worried about the impact the coronavirus pandemic may have on your job security or finances, it’s a good idea to start working together now to shore up the stability of your household. To help you get started, here are five tips from financial experts on what to do now
Workers extracting oil from oil wells in the Permian Basin in Midland, Texas on May 1, 2018. Benjamin Lowy | Getty Images U.S. crude prices plunged in the morning of Asian trading hours on Monday as traders continued to fret over a slump in demand due to the coronavirus pandemic, with one analyst describing the
Raymond Boyd Some big restaurant chains have gotten called out in recent days for using a loophole in the $2.2 trillion coronavirus relief law to access loan money earmarked for smaller businesses. Potbelly Sandwich Shop, for example, got a $10 million loan from the Paycheck Protection Program — the upper lending limit. Ruth’s Chris Steak House got
Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday. Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks. Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that
New York Governor Andrew Cuomo speaks during a press briefing about the coronavirus crisis at the Feinstein Institutes for Medical Research, Northwell Health in Manhasset, NY. Ron Adar | Barcroft Media | Getty Images Coronavirus deaths in New York remain “horrifically high,” even as some projections of the state’s outbreak suggest it may be on
A United Airlines Holdings Inc. employee waits for a traveler at San Francisco International Airport in San Francisco, California, U.S., on Thursday, April 2, 2020. David Paul Morris | Bloomberg | Getty Images United Airlines on Monday reported a $2.1 billion loss for first quarter as the coronavirus pandemic drove travel demand down to the lowest
Check out the companies making headlines midday Monday: Boeing — Boeing shares fell more than 3% after the China Development Bank Financial Leasing Co. canceled the purchase of 29 Boeing 737 Max jets. Boeing has lost more than half of its value this year amid the coronavirus pandemic. United Airlines — Shares of United Airlines
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 13 of 30. If your heart raced the last
Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corp. Kiyoshi Ota | Bloomberg | Getty Images When casino company Las Vegas Sands announced that it was suspending its dividend, CEO Sheldon Adelson acknowledged that he was going against his own motto. “I am known for the phrase, ‘yay dividends!’, and I assure