Jim Cramer Adam Jeffery | CNBC CNBC’s Jim Cramer said that the Federal Reserve‘s emergency interest rate cut on Tuesday morning makes him more concerned about the possible economic risks from the coronavirus. “It’s great that the Federal Reserve recognizes that there’s going to be weakness, but it makes me feel, wow, the weakness must
A woman wears a face mask as she waits on the subway after the first confirmed case of coronavirus was announced in New York State in New York, March 2, 2020. Andrew Kelly | Reuters This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: At
A Target store in Culver City, California. Mark Ralston | AFP | Getty Images Target on Tuesday outpaced fourth-quarter earnings expectations, but revenue fell short because of weak sales of toys, electronics and home goods over the holidays. Shares were up fractionally in premarket trading. Here’s what Target reported compared with what analysts were expecting, based
Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of Telsa rose nearly 3% after JMP Securities upgraded the stock to market outperform from market perform and established a price target
Bentley Mulliner Bacalar Bentley Bentley on Tuesday unveiled the all-new Mulliner Bacalar, a roughly $2 million two-seat, open-air luxury sports car that features 5,000-year-old wood in its interior dashboard. The iconic British automaker, which is owned by Volkswagen, is describing the car as the “rarest two-door Bentley of the modern era.” The company is only producing
Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. Susan Walsh | AP The market’s disregard for the Federal Reserve’s emergency interest rate cut doesn’t surprise Josh Brown, who called the decision “ill thought out.” “This is to make people feel better. OK, fine. So then do it the
Javier Snchez Mingorance / EyeEm Wild swings in the stock market may have you itching to make changes to your portfolio. Yet any expert will tell you: You shouldn’t let your emotions drive your investment decisions. “That vacillation between excitement and panic — that is what hurts people financially,” said financial psychologist Dr. Brad Klontz, associate
Empty shelves of sanitizer products at a CVS in Rivers Edge, N.j., as a result of the coronavirus outbreak. Fahiemah Al-Ali | CNBC As an outbreak of a new coronavirus causes some U.S. customers to fill up shopping carts and thin out store shelves, industry groups and experts say grocers can tamp down on “panic
The Robinhood app on IOS and Android Source: Robinhood As U.S. markets opened Monday morning, 30-year old engineer Vivek Sevak was ready to cut his losses. The recreational trader had put money in a market-short exchange traded fund, and was looking to sell. But when he logged into his Robinhood account to make the trade,
Elon Musk speaks onstage during the E3 conference in Los Angeles on June 13, 2019. Charley Gallay | Getty Images Elon Musk jumped to the defense of fellow tech billionaire Jack Dorsey late Monday, as the latter faces pressure from an activist investor to step down as the CEO of Twitter. “Just want to say
As the coronavirus outbreak continues to pressure global markets, Goldman Sachs said there’s one asset class that’s safe: gold. “While so much about the current environment remains unclear, there’s one thing that isn’t: gold, which—unlike people and our economies—is immune to the virus,” Goldman Sachs head of global commodities research Jeff Currie said in a
Stephanie Eisenberg at Binghamton University Stephanie Eisenberg There’s something to be said for living with mom and dad. In fact, more and more young adults are opting to do just that thanks to things like student loan debt and high rents. Yet, there comes a time when they need to strike out on their own
Tourists wearing masks walk through Union Square in New York City on February 28, 2020, amid fears of the coronavirus and a global pandemic. Timothy A. Clary | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 89,100
Traders work on the floor at the New York Stock Exchange, March 2, 2020. Brendan McDermid | Reuters This is a developing story. Check back for updates. Stock market futures rose in early trading following Monday’s roaring comeback rally that saw the Dow Jones Industrial Average post its biggest percentage gain since March 2009 and
A Gama Aviation Gulfstream 4SP (Photo by: Aviation-images.com | Universal Images Group | Getty Images Wheels Up, the fast-growing private aviation start-up, acquired jet operator Gama Aviation, creating the second-biggest private aviation company in the U.S. Terms weren’t disclosed by the two companies, which are both privately held. But the deal transforms Wheels Up, founded
As fears from Ebola and a global slowdown spread, stocks plunged on October 15, with the Dow falling more than 400 points during the afternoon before recovering slightly. Getty Images The market could see a pop this week after last week’s steep sell-off, based on simple historical analysis. Though the coronavirus remains a developing health
There could be a tug of war brewing over which standard financial professionals should follow when they provide advice or sell products such as annuities to individual investors. The Securities and Exchange Commission is unveiling a new regulation, called Regulation Best Interest, which requires broker-dealers and professionals associated with them to keep their clients’ best
PeopleImages Americans nearing retirement are among the many casualties of the coronavirus, as fears around its global spread and resulting economic damage caused a steep selloff in the stock market last week that potentially upended the retirement outlook for many individuals. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite — which serve as barometers
Medical personnel in protective suits prepare traditional Chinese medicine (TCM) for patients of the novel coronavirus with an intelligent dispensing equipment at a pharmacy of Wuhan Tongji Hospital in Wuhan, the epicentre of the novel coronavirus outbreak, in Hubei province, China March 2, 2020. China Daily via Reuters The number of new coronavirus cases outside
Apple CEO Tim Cook visits an Apple store in Shanghai, China. Aly Song | Reuters Check out the companies making headlines midday: Apple — Apple rallied 4.8% to become the second-best performer in the Dow Jones Industrial Average, after Oppenheimer upgraded the tech giant to an outperform rating. Oppenheimer called Apple a “recurring revenue machine”