Chinese customers look at iphones at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China. Kevin Frayer | Getty Images Check out the companies making headlines before the bell: Apple (AAPL), Alphabet (GOOGL) – Apple and Alphabet’s Google unit are being sued by Epic
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Shenerah Nelson is facing eviction during the pandemic. Source: Shenerah Nelson Shenerah Nelson used to pay her rent with the money she made driving for Uber and Lyft, but when the pandemic struck, her rides dried up. The single mother of two scrambled to land another job. The positions she found were low-paying or part-time, but
Peter Madoff in 2002. Getty Images The younger brother of infamous financier and Ponzi swindler Bernard Madoff was released from federal custody on Thursday after serving about nine years of a 10-year sentence. The Federal Bureau of Prisons confirmed in an email that Peter Madoff was released from home confinement on Aug. 13 after being transferred
New Zealand is considering negative interest rates, as it grapples with the severe economic impact caused by the coronavirus pandemic. In its interest rate decision this week, the central bank maintained its official cash rate at 0.25%, but also raised the possibility of going into negative territory. “The severe global economic disruption caused by the
A powerful push in innovation is creating excitement among venture capitalists. Early stage angel investor Nidhi Chadda of Enzo Advisors finds the coronavirus fallout is producing a seismic shift in how the world does business, and she believes much of it will be permanent. “Over the past several years regardless of which industry we’ve been
Valentin Stalf, founder and CEO of N26, speaks on stage at the Digital Life Design innovation conference. Lino Mirgeler | picture alliance via Getty Images German digital bank N26 is grappling with discontent from some of its employees, who are trying to organize a works council to express their concerns with management. Staff at the
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the pandemic. Despite not charging customers to
Tito Garcia, of New England United for Justice, holds a sign during a rally at Vertex Pharmaceuticals in the Seaport District of Boston, MA on July 14, 2020. Craig F. Walker | Boston Globe | Getty Images Corporate America is turning a critical eye toward its diversity, equality and inclusion policies in the wake of
Check out the companies making headlines before the bell: Brinker International (EAT) – The parent of the Chili’s and Maggiano’s Little Italy restaurant chain reported an adjusted quarterly loss of 88 cents per share, smaller than the loss of $1.37 that Wall Street analysts had predicted. Revenue did come in below forecasts, but Brinker is
People wearing protective masks walk along the Jubilee Bridge at the Marina Bay waterfront on June 7, 2020 in Singapore. Suhaimi Abdullah | Getty Images Singapore’s three largest banks reported a sharp fall in second-quarter net profits compared to a year ago as they beefed up reserves in anticipation of the challenges ahead. The trio —
President Donald Trump speaks at an Aug. 10 White House news conference. Alex Wong | Getty Images News | Getty Images An extra $400 Trump’s executive order was one of four measures signed on Saturday to address jobless benefits, evictions, student loans and payroll taxes. Top Democratic lawmakers and White House officials have struggled to
Check out the companies making headlines before the bell: Casper Sleep – The mattress retailer reported a quarterly loss of 16 cents per share, 2 cents smaller than anticipated, with revenue beating forecasts as well. Casper Sleep was negatively impacted by pandemic-related store closures, but that was partly offset by increased e-commerce and retail partner
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images The CEOs of banks, tech companies and consulting firms are forming a group to boost hiring from underrepresented groups in New York. Leaders from 27 firms that represent many of New York’s dominant industries banded together to create
A man wearing a mask walks past the U.S. Federal Reserve building in Washington D.C., the United States, on April 29, 2020. Xinhua News Agency | Getty Images The Federal Reserve in July bought up more bonds from blue chip companies including Microsoft and Coca-Cola, while it added to its positions in junk debt and
Check out the companies making headlines before the bell: Marriott – The hotel operator reported an adjusted quarterly loss of 64 cents per share, wider than the 42 cent loss predicted by analysts and the first quarterly loss for Marriott in nearly nine years. Marriott continues to suffer from the impact of a Covid-19 related hit
Trader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020. Bryan R Smith | Reuters U.S. stock futures slipped on Sunday night after President Donald Trump signed several executive orders aimed at extending coronavirus relief. Dow Jones Industrial Average dipped 55 points, or 0.2%. S&P 500 futures fell 0.2%
People gather at the entrance for the New York State Department of Labor offices in Brooklyn on March 20, 2020. The Federal Reserve estimates that 47 million people could lose their jobs before the COVID-19 crisis ends. Andrew Kelly | REUTERS Futures tied to major U.S. equity averages held steady in overnight trading on Thursday
A top currency strategist is predicting an ugly quarter for the dollar. Brown Brothers Harriman’s Win Thin warns the nation’s inability to contain the coronavirus pandemic as effectively as other countries is spooking the market. “This is one of the rare occasions when Europe will actually outperform the U.S.,” the firm’s global head of global
Warren Buffett Gerard Miller | CNBC Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate. The company said it repurchased a total of $5.1 billion worth in stock in May and June. Berkshire repurchased more than $4.6
Take a look at some of the biggest movers in the premarket: Booking Holdings (BKNG) – Booking Holdings lost $10.81 per share for its latest quarter, smaller than the loss of $11.50 predicted by Wall Street analysts. The parent of Priceline, Booking.com, Kayak and other travel services also saw revenue beat estimates, even as the