A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York City, New York, March 6, 2020. Andrew Kelly | Reuters Stock futures fell on Sunday night as traders weighed the reopening of the economy along with brewing tensions between China and the U.S. Dow Jones
Stay at home orders caused by the coronavirus have left a huge portion of the American public stuck inside, and streaming has surged as a result, with platforms like Netflix and Disney+ seeing millions of subscriber gains in a matter of a few months. The economic shock caused by Covid-19 highlights the issue of financial
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters As encouraging as the market comeback this month has been, Wall Street has little faith in it. A leveling out of
Curt Pickens | Getty Images The woman who approached our doorstep Monday morning was wearing a mask, her eyes doing their best to smile a greeting. She was hugging a folder and a bundle of papers. I held the door open for her but didn’t extend my hand for her to shake. Nor did she,
Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media at the White House in Washington, D.C., U.S., on Monday, April 6, 2020. Stefani Reynolds | Bloomberg | Getty Images National Economic Council Director Larry Kudlow on Sunday said the White House has made no decision on providing further funding
Donated food and supplies from TSA workers for airport workers who are on reduced hours and/or paychecks, April 30, 2020. Source: TSA The steep decline in air travel caused by the Covid-19 pandemic has triggered layoffs, furloughs and shortened work hours for airport employees and contract workers ranging from wheelchair attendants and baggage handlers to
A research associate performs a buffer exchange for protein formulation at AMGEN, a drug research and development laboratory. Ricardo Dearatanha | Los Angeles Times | Getty Images Amgen on Thursday reported better-than-expected first-quarter results and said it plans to study psoriasis drug Otezla as a potential treatment for Covid-19, the respiratory disease caused by the
Most people know Sean “Diddy” Combs by his music, but the hip-hop mogul recently released a different kind of track: a guided meditation. The 25-minute recorded meditation, which is available to download for free on Audible, is designed to help listeners relax before bed. It includes a mix of deep breathing exercises, gratitude prompts and
Stocks on Wall Street have reached levels that are “too hot” for Jim Cramer‘s liking. After the market completed its best month of trading in more than three decades, the host of CNBC’s “Mad Money” said he is worried about its near-term trajectory. “We’re now at plus 7.2% on the S&P short-range oscillator. That’s the
On social media, some students have teased that their elite college experience is now akin to the University of Phoenix. However, those online institutions may have the last laugh. “If they are going to go online anyway, they may want to do it with a school that’s been at this for 30 years,” said John
When the coronavirus hit, small business owners were forced to navigate new territory and make difficult decisions – fully moving operations online, reducing staff or quickly creating new revenue streams. Latino entrepreneurs are among the majority of small business owners directly impacted by the economic fallout from COVID-19. According to a survey conducted online in late
Coronavirus safety actions for Ford include required face masks for everyone entering a Ford facility. Every Ford team member will be provided a care kit including a face mask and other items to help keep them healthy. Ford U.S. auto plants weren’t supposed to be closed this long due to the coronavirus pandemic. When the
Andrew Jassy, chief executive officer of web services for Amazon.com Inc., speaks during the 2019 CERAWeek by IHS Markit conference in Houston on March 11, 2019. F. Carter Smith | Bloomberg | Getty Images Amazon’s market-leading cloud business crossed $10 billion in revenue for the first time in the first quarter. At $10.22 billion, Amazon
For weeks, Americans have been coping with the uncertainty surrounding the widespread coronavirus pandemic by stockpiling necessities, creating shortages of everything from toilet paper to hand sanitizers. At the same time, shoppers have also taken solace in the comforting thought of having an easily-prepared, adequately satisfying meal tucked away in their freezer: the frozen pizza.
Warren Buffett Gerard Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an attractive price. “We have not done anything, because we don’t see anything that attractive to
A farmer checks on young female pigs at a hog farm in Smithville, Ohio, U.S., on Thursday, April 30, 2020. Dane Rhys | Bloomberg | Getty Images As the coronavirus pandemic disrupts supply chains across the country, farmers are being forced to destroy their crops, dump milk and throw out perishable items that can’t be
Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion
Warren Buffett Gerry Miller | CNBC Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic. “Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American
Gargiulo Produce opened in 1929 as a fruit and vegetable cart selling door-to-door. Over 90 years later, the company now wholesales food to businesses across the East Coast. In 2020, the coronavirus shut down many of Gargiulo’s commercial accounts and left it looking for ways to get produce into the hands of hungry, isolated customers.
A cyclist passes a boarded up store during the coronavirus pandemic on April 28, 2020 in New York City. John Lamparski | Getty Images April’s 12% rally in the S&P 500 has been based largely on hopes for a reopening of the U.S. economy, but if you want to know how fragile the reopening may