Check out the companies making headlines in midday trading. Snowflake — Shares of the data-warehousing software maker slid more than 4% after Deutsche Bank downgraded the stock a hold rating. “Pent-up demand for high-multiple names, such as Snowflake, may be limited as we wrap up 2020 and investors look to protect their year,” the firm
In order to help Americans affected by the Covid-19 pandemic, self-made billionaire Mark Cuban thinks that the government should send checks directly to Americans in need rather than providing additional funding to financial assistance programs, such as the Supplemental Nutrition Assistance Program, known as SNAP. It’s a controversial opinion that Cuban — who has also
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer on Friday sharply criticized how investment bankers handled the recent initial public offerings for companies such as DoorDash and Airbnb, two tech companies that saw major pops in their stocks after they began trading this week. “I don’t want to say that the market is broken,
The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Kena Betancur | AFP | Getty Images Even amid a pandemic, many popular companies have gone public, giving investors an opportunity to purchase their stock. But getting in early might not be the best strategy.
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. While the economic recovery has brought back jobs since the lowest point of the Covid-19 crisis, millions of Americans remain unemployed. John Sommers II The U.S. is weeks
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Almost 40% of Americans plan to spend less on gifts this holiday season than they did last year, the largest such percentage since 2013, according to the CNBC All-America Economic Survey. Just 11% plan to
BOSTON, MA – SEPTEMBER 2: A Care partner helps a resident at an assisted living facility. (Photo by … [+] Craig F. Walker/The Boston Globe via Getty Images) Boston Globe via Getty Images As the Covid-19 pandemic explodes around the country, cases and deaths among nursing home residents increasing rapidly as well. A new analysis
The Covid-19 pandemic and protests against racial injustice drove spikes in donations via corporate … [+] virtual giving programs. getty More people are donating to charity via new workplace online giving platforms than ever, and they’re donating more than ever. It seems they’ve been spurred on in part by the issues of 2020—the Covid-19 pandemic
Donner Lake under the snow in winter, Truckee, Ca. getty With remote-work and distance learning becoming the norm across the country as the pandemic continues, it is not a shock to see people seeking refuge in resort communities like those in Truckee, Calif. Tahoe Mountain Realty, a luxury real estate brokerage located in Northstar and
A laboratory technician supervises filling and packaging tests for the large-scale production and supply of the University of Oxfords COVID-19 vaccine candidate, AZD1222, conducted on a high-performance aseptic vial filling line on September 11, 2020 at Catalent in Anagni, Italy. Vincenzo Pinto | AFP | Getty Images LONDON — British pharmaceutical giant AstraZeneca said Friday
Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts’ estimates, as shoppers frequented the retailer’s stores and website to buy workout apparel during the period. In North America, net revenue grew 19%, boosted
Tink co-founders Daniel Kjellén and Fredrik Hedberg. Tink LONDON — A new movement in finance that calls on big banks to share their coveted customer data with younger technology rivals has gained significant momentum in 2020. Called open banking, a number of start-ups developing tech around the trend have raised significant sums from investors, with
Paris, Tokyo and Rome — the same places have long dominated lists of culinary powerhouse destinations. But what about other cities and countries that deserve a share of the spotlight? These are the places that hover under the radar because of misconceptions, a small diaspora or a global lack of familiarity with a particular cuisine.
Hero Images | Hero Images | Getty Images Personal finance experts go by many names – coaches, advisors, planners, therapists and more. For some, these names signal different types of education and regulatory oversight. For others, they may just be a brand, making it important for people seeking financial help to know the difference. “The
Latino business owners operate in sectors hit hard by Covid-19 and are less likely to receive PPP loans than White entrepreneurs, but Hispanic business formation and revenue was growing before the pandemic and can recover with the right public policy and financial support. Getty Images Often hailed for higher-than-average rates of entrepreneurialism and new business
By Next Avenue getty (This article is the ninth in a weekly joint series on Covid-19 and the Future of Aging from the Milken Institute Center for the Future of Aging and Next Avenue. The articles are Q and As with thought leaders in fields ranging from health care to retirement planning to work to
Despite the demands of Covid, the IRS is on the hunt for high income non-filers. Getty Images Eric Hylton, the commissioner of the Internal Revenue Service Small Business/Self-Employed Division, threw down the gauntlet December 3, 2020 with an article the IRS pushed out on its newswire on how the IRS views high-income non-filers. If there
Who hasn’t dreamed of moving to another country? Where, certainly, the grass is greener. And the housing cheaper. Or life is more exciting. New Yorkers fantasizing about the vibrant city of Madrid might be interested to know that a move there can chop 36% off their cost of living, according to Numbeo.com. A cappuccino, for
President-elect Joe Biden’s Covid advisory board member Dr. Atul Gawande told CNBC that the Covid-19 vaccine rollout “is a Herculean operation” with potential hitches along the way as Pfizer’s Covid vaccine just took a big step toward FDA approval for emergency use. “The biggest challenge is going to be both production and then getting it into
Canaccord Genuity’s Tony Dwyer is on correction watch due to frothiness in the market. But he isn’t rolling back his overall bull case for stocks. Rather, he’s strengthening it by boosting his EPS or earnings per share targets for this year and next. “There are three levels of stimulus that have come into the marketplace,”