CNBC’s Jim Cramer on Thursday warned young investors about the potential pitfalls of daytrading in speculative stocks, especially the really cheap ones. “It’s a little disheartening to see all the $1 to $3 stocks that people are gunning,” Cramer said on “Squawk on the Street.” ”If you want to try and make money and it’s legal,
Business owners who received a forgivable loan through the Paycheck Protection Program are likely getting more leeway on how to spend those funds. The Senate passed legislation Wednesday night that restructures how entrepreneurs can use loans issued through a new federal relief program for small businesses ailing from the economic contagion unleashed by the coronavirus
Police stand guard as protesters rally at the Trump Tower, Monday, June 1, 2020, in Las Vegas, over the death of George Floyd. John Locher | AP Civil unrest in Las Vegas and around the country has prompted tourism officials to yank a planned advertising campaign to promote the reopening of Nevada casinos Thursday. “As
Shoppers walk out with full carts from a Costco store in Washington, D.C., on May 5, 2020. Nicholas Kamm | AFP | Getty Images Check out the companies making headlines after the bell. Cloudera – The software company’s stock fell 11% in extended trading after Cloudera provided its first-quarter earnings. The company reported first-quarter earnings
Networking has become a whole lot tougher under the coronavirus pandemic. At a time when many people need to build their professional contacts to scope out new job opportunities, in-person networking events have become all but impossible. Not all is lost, however. According to LinkedIn’s co-founder Reid Hoffman, now is the perfect time to try out
Pakorn Polachai / EyeEm Don’t feel comfortable getting on a plane given Covid-19? If you’re thinking of canceling an upcoming flight you paid for, you might have resigned yourself to losing your money or perhaps, best-case scenario, getting an airline credit for some or all of the fare. That’s because air carriers in the U.S.
Chairman Ron Johnson (R-WI) speaks at the start of a Senate Homeland Security Committee hearing on the government’s response to the novel coronavirus (COVID-19) outbreak on March 5, 2020 in Washington, DC. Samuel Corum | Getty Images Sen. Ron Johnson on Wednesday blocked a Democratic effort to unanimously approve a bill to give small businesses
Mary Barra, Chairman and CEO of General Motors. Bill Pugliano | Getty Images General Motors expects its North American vehicle production to return to near pre-coronavirus levels by the end of June, Chairman and CEO Mary Barra said Wednesday. The Detroit automaker has worked aggressively to restart its operations, particularly those that produce pickup trucks, since restarting
Matthew Mitchell, center, talks with customers as Sierra Phillips adjusts a denim display at the American Eagle/Aerie store at Easton Town Center in Columbus, Ohio on May 15, 2020. Andrew Spear | The Washington Post | Getty Images American Eagle Outfitters posted a steeper-than-expected loss on Wednesday, as sales and store traffic plummeted following coronavirus-led
The last two recessions may help determine what’s next for the recent market rally. Economic Cycle Research Institute co-founder Lakshman Achuthan has narrowed the possible recovery paths into two scenarios: The dot.com bubble collapse and financial crisis aftermath. Achuthan builds his case in a special S&P 500 chart showing performance during the 2009 to 2010 and
Mark Cuban says it’s “a moral imperative” for white people in America to change their behaviors and mindsets in order to address racism. “Dear White People: We are the ones that need to change,” the billionaire owner of the NBA’s Dallas Mavericks wrote in a tweet on Monday. Cuban’s tweet also included a link to
A pedestrian passes by the New York Stock Exchange, NYSE, in New York on March 17, 2020. (Photo by Michael Nagle/Xinhua via Getty) (Xinhua/Michael Nagle via Getty Images) Xinhua News Agency Great Depression-era levels of unemployment. An economy in downward spiral. More than 100,000 dead from a killer virus. Cities in flames amid widespread civil
Fraser Ross, owner of the popular Los Angeles boutique retailer Kitson, has boarded up his three stores. The once-thriving business is one of so many retailers experiencing the fallout from the riots and civil unrest that has ravaged the U.S. in recent days. On the heels of the coronavirus outbreak and widespread business closures, now many
Levi’s clothes are seen on a store shelf in Miami, Florida. Joe Raedle | Getty Images Some have joked that the “Freshman 15” is now the “Quarantine 15,” as living on lockdown encourages some to snack more on bread and baked goods, and workout less. And the iconic denim maker Levi Strauss & Co. is seeing
Cans of Campbell’s Chicken Noodle Soup are seen in a supermarket in New York. Richard Levine | Corbis News | Getty Images Campbell Soup raised its full-year profit and sales forecast on Wednesday after beating expectations for third-quarter results as consumers stocked up on soup, pasta sauces and salsa while they stayed at home during
A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines in midday trading. Lyft – Shares of the ride-hailing company jumped more than 11% after the company said that demand has begun to recover. Lyft said it
This is part of CNBC Make It’s Out of Work series, where real people tell their personal stories of what it’s like to be underemployed during the Covid-19 pandemic. This is the story of Catherine Lieberman, director and co-owner of Bell’s School for People Under Six in Fletcher, North Carolina, as told to Megan Leonhardt.
Zoominfo Source: zoominfo ZoomInfo is aiming to price its initial public offering $1 ahead of its already-buoyed price range, two sources familiar with the matter told CNBC. The company had already raised their IPO price range Tuesday morning, but now could target as high as $21 a share and rake in nearly $1 billion. ZoomInfo,
Image of workplace with computer monitor and armchair in the living room at home AnnaStills Amid the coronavirus pandemic, millions of employees have been shut out of their offices and required to work from home. The massive change has many companies evaluating what they can do to make the transition smoother for their workers. One
As states across the country reopen their economies, the restaurant industry is showing signs of recovery after stay-at-home orders and social distancing measures caused sales to crater. The NPD Group, which tracks transactions for 70 quick-service, fast-casual and full-service restaurant chains, found that transactions declined just 18% during the week ended May 24. Restaurant transactions hit