US President Donald Trump gestures after arriving on Capitol Hill as US Senate Majority leader Mitch McConnell (R-KY) and Senator Roy Blunt (R-MO) look on in Washington, DC on March 10, 2020. Nicholas Kamm | AFP | Getty Images As oil prices decline and pressure energy companies, President Donald Trump will reportedly likely seek a
Moyo Studio | E+ | Getty Images This week’s markets may be giving some investors flashbacks to 2008, when stocks hit a turbulent stretch and the financial crisis began. However, fearful investors should take heart: The factors at play in this market are very different than they were then, executives from Merrill Lynch Wealth Management
Hero Images | Getty Images The average annual revenues of women-owned business rose 68% in 2019, to $384,359 from $228,578 in 2018, according to the annual study of women-owned companies by Biz2Credit. However, while this growth is impressive, male-owned businesses generated a much higher average annual revenue: $752,154 in 2019, up jump from $473,157 in
A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines said Tuesday that it will make deep cuts throughout its network to cut costs as coronavirus drives down demand for air travel. The carrier’s announcement follows similar measures taken by American, United and JetBlue. The Atlanta-based carrier
Traders work at the New York Stock Exchange in New York, the United States, on Jan. 8, 2020. Xinhua News Agency Financial markets should be able to recover from the recent sell-off with the help of the Federal Reserve and the U.S. government, according to JPMorgan Chase. The firm believes stocks have priced in a
Given that Australia’s indigenous population thrived for thousands of years before Europeans arrived, it would be logical to assume the country’s native plants — known as bush food — would have long featured on restaurant menus. Not so. For decades, most chefs avoided ingredients like mountain pepper, quandong (a wild peach) and wild rosella, and
Stock trading app Robinhood is rolling out trading in bitcoin and ethereum in February for customers in five states. Source: Robinhood Free stock trading pioneer Robinhood is experiencing another major outage on Monday, keeping clients on the sidelines during another historic day for stocks. “Trading is currently down on Robinhood and we’re investigating the issue,” the
As the stock market cratered again due to crashing oil prices and coronavirus fears, many investors grappled with pulling money out of equities and stock funds and moving it to safer investments, including bond funds, money market accounts — and cash. It’s been an ongoing quandary as investors were already skittish after a roller-coaster first
A person wearing a protective mask sits in a Bay Area Rapid Transit (BART) train car in San Francisco, California, on Wednesday, Feb. 26, 2020. David Paul Morris | Bloomberg | Getty Images It takes an average of about five days for COVID-19 symptoms to show after contracting the virus, while the vast majority of
An employee works with produce at a farm that practices organic farming techniques in Beijing. Nelson Ching | Bloomberg | Getty Images While the coronavirus outbreak in China has hit many industries hard, some technology start-ups in agriculture are seeing demand rise. ”In the first two months of 2020, we delivered 4,000 units of our
CasarsaGuru If the coronavirus has you spooked, you’re in good company. Even wealthy investors are building up their cash cushions. Global markets haven taken a beating over the last two weeks, amid worries about COVID-19. The pain continued on Monday morning as the S&P 500 tumbled by more than 7% and trading was halted. Recent
Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain. Spencer Platt | Getty Images CNBC’s Jim Cramer said Monday he could see the oil industry experiencing a significant wave of bankruptcies if low crude prices persist. Of the more than 35 companies in the oil industry he
Jim McGuire | Getty Images As the market hits the skids, experts are warning that you shouldn’t make rash moves with your portfolio. And that includes one retirement income source you might turn to for safety: your Social Security benefits. A recent survey from SimplyWise, a retirement income technology provider, found that 1 in 4
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 111,300, according to data compiled by Johns Hopkins University. Global deaths: At least 3,892, according to data compiled by Johns
JetBlue Airways on Monday withdrew its first-quarter and full-year earnings forecast and said it was considering voluntary time-off programs for employees, as the coronavirus outbreak wreaks havoc on the global travel industry. JetBlue said it is adjusting schedules between March and early May due to falling demand, and is evaluating further flight cancellations as the
Facing a wave of pressure from workers and increased scrutiny from lawmakers on Capitol Hill, gig economy companies from Uber to Doordash have been rolling out a slate of new policies as coronavirus continues to spread across the U.S. Uber and Lyft are planning to compensate drivers affected by the coronavirus for up to 14
Jeff Bezos Getty Images Jeff Bezos lost $7 billion in paper wealth overnight, and more than $18 billion over the past month, as Amazon’s share price has plunged on fear that the coronavirus outbreak will slow the global economy. The world’s richest person saw his wealth drop to $110 billion overnight, down from $117 billion,
The stock market continues to slide as coronavirus concerns persist, but shares of Amazon are looking like a buying opportunity, CNBC’s Jim Cramer said Monday. “I like Amazon right here,” Cramer said on “Squawk on the Street.” “I think you start a position in Amazon absolutely.” Amazon’s stock was down more than 2% on Monday and
GSO Images When the stock market goes haywire, gold often becomes the “gold” standard in the eyes of everyday investors. True to form, gold is coming off its best week since 2016, as fears around the global spread of the coronavirus led to a sharp selloff in the stock market and nudged investors to retreat to what they perceived
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 111,200, according to data compiled by Johns Hopkins University. Global deaths: At least 3,890, according to data compiled by Johns