A medical staff takes temperature of a patient at a temporary hospital converted from “Wuhan Livingroom” in Wuhan, central China’s Hubei Province, Feb. 10, 2020. Xiong Qi | Xinhua | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 8:30 pm: It is possible coronavirus
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Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents. The global beverage giant is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%. Despite the
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images This is a live blog. Check back for updates. 8:33 am: Hedge funds are crowding into a few stocks Goldman Sachs notes that “the typical hedge fund now carries 69% of
Tesla CEO Elon Musk poses on the red carpet as he arrives for the 43rd “Golden Steering Wheel” awards on November 12, 2019 in Berlin. Tobias Schwarz | AFP via Getty Images Tesla has been given the go-ahead from a German court to cut down trees for its new European factory. Though it doesn’t yet
Warren Buffett David A. Grogan | CNBC Berkshire Hathaway’s Warren Buffett on Saturday will publish his much-awaited shareholder letter. The annual missives, which are logged here on Berkshire’s website going back to 1977, are considered required reading for investors large and small. And this year, investors will be especially interested to know whether Berkshire has
If you want to improve your financial know-how, there are plenty of opportunities to do so. From short online tutorials to extensive in-person bootcamps, the number of “Money 101” classes has ballooned since the Great Recession. And yet, when it comes to financial literacy, Americans are still falling far short. According to a survey by
An interview with billionaire investor and founder of GAMCO Investors, Mario Gabelli. In this interview, Mario explains how he thinks about investing and explains what his favourite investments are and why.📚 Books by Mario Gabelli are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other
Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap is the latest retailer to dip its toes into the secondhand apparel market, following the lead of Macy’s, Nordstrom and others, in a bid to stay relevant in an industry
Tourists take photos at the Overseas Passenger Terminal as the Norwegian Jewel cruise ship is in lock down while health authorities test a man for Coronavirus on February 14, 2020 in Sydney, Australia. Lisa Maree Williams | Getty Images Norwegian Cruise Line has canceled its voyages in Asia through the third quarter of 2020 and expects
A contractor for First Solar Inc. works on construction of the Tenaska Imperial Solar Energy Center South project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images Check out the companies making headlines after the bell: Dropbox — Shares of the data services company soared 13% during extended trading after the company announced
After a solo trip to Las Vegas, I needed some time away from bright lights and late nights. On a friend’s recommendation, I headed into Utah, to the Red Mountain Resort near St. George, about a two-hour drive northeast of Sin City. And I learned there’s a lot to do in Utah than go skiing.
Morgan Stanley’s acquisition of brokerage firm E-Trade has been a long time coming, the investment bank’s chairman and CEO James Gorman told CNBC’s Wilfred Frost on Thursday. “In truth, [conversations] started in 2002,” Gorman said on CNBC’s “Squawk on the Street.” “I called [E-Trade] back then when I was at Merrill [Lynch] because I was
Democratic presidential candidate Michael Bloomberg — whose wealth is estimated at $60 billion — says his tax return is probably thousands of pages long and he can’t use TurboTax to finish it. Most taxpayers don’t deal with such complications. While preparing taxes can be a headache and may involve a lot of pages, using online
Marc Romanelli | Getty Images Small business sentiment is on the rise to kick off 2020, with confidence nearing all-time highs, according to data from CNBC and SurveyMonkey. The CNBC/SurveyMonkey Small Business Confidence Index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened, thanks to a trade
A interview and Q&A with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses the importance of having a margin of safety and why value investing is the superior investment strategy. Howard also talks about market cycles, arguing that investors should be greedy when other are fearful. 📚
2020 Chevrolet Corvette Michael Wayland / CNBC LAS VEGAS – The success of the 2020 Chevrolet Corvette won’t solely be defined by the car’s profits, performance or initial sales, which the company is describing as “unprecedented.” The success of the eighth-generation Corvette will largely rest on whether the mid-engine vehicle can attract a new generation
A Stamps.com promotional image Source: Stamps.com There’s volatility and then there’s Stamps.com. Shares of Stamps.com rallied more than 50% on Thursday after the mailing and shipping services company posted quarterly numbers that blew away analyst expectations. The company reported an adjusted profit of $2.12 per share for the fourth quarter on revenue of $160.9 million.
Houston Texans’ outside linebacker Whitney Mercilus proved his worth this year, recording 48 tackles, 7.5 sacks, two interceptions, four forced fumbles and one fumble recovery. All this has earned the 2012 first-round pick four additional years with the franchise — and a deal worth $54 million, $28.5 million of which is guaranteed. The deal makes
CNBC’s Jim Cramer said Thursday that he found the Democratic debate in Las Vegas difficult to watch as Sen. Bernie Sanders assailed billionaire Mike Bloomberg and the wealthy. “It was painful because your wealth was really under fire last night,” Cramer said on “Squawk Box.” “How did this get to be, that if you’re wealthy
James Gorman, chief executive officer of Morgan Stanley, fixes his jacket during a Bloomberg Television interview on the sidelines of the Morgan Stanley China Summit in Beijing, China, on Thursday, June 1, 2017. Giulia Marchi | Bloomberg | Getty Images Goldman Sachs had plenty of chances to make an offer for discount brokerage E-Trade before