Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 7:20 am: Disney shares fall 2% as CEO Bob Iger steps down, effective immediately Shares of Disney fell more than 2% during Wednesday’s premarket trading after the company said that CEO
Kobe Bryant in 1996 Jennifer Pottheiser | National Basketball Association | Getty Images As fans continue to mourn the death of NBA legend Kobe Bryant, a Los Angeles auction house will sell off a game-worn jersey from the 1998-99 season, along with other Bryant memorabilia, including signed trading cards, basketballs and a replicated jersey. The
In the face of a global health emergency, thousands of U.S. college students studying abroad are scrambling. As the coronavirus spreads through northern Italy, some schools, including Syracuse University and New York University, announced they were closing their campuses in Florence immediately. “We have urged students to leave Florence for this period,“ NYU Spokesman John
Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic Chairman Chamath Palihapitiya thinks the recent rally by Wall Street’s favorite
People walk outside a Lowe’s store in East Peoria, Ill. Daniel Acker | Bloomberg | Getty Images Lowe’s reported mixed fourth-quarter results Wednesday, as sales growth at its stores open at least a year were weaker than expected. Shares were down about 1% in premarket trading. Here’s what Lowe’s reported compared with what Wall Street
Stock futures were up just slightly in overnight trading after stocks’ worst two-day rout in more than four years amid heightened concern the coronavirus will upend global economic growth. Futures on the Dow Jones Industrial Average rose 96 points, while the S&P 500 futures were up 0.2%. To be sure, futures trading this early may
This is a live blog. Please check back for updates. All times below are in Beijing time. 8:15 am: Asia stocks tumble Asia stocks fell in early trading, as Wall Street saw another rout overnight. Japan’s Nikkei 225 fell 1.07% in early trade after dropping more than 3% on Tuesday. The Topix index also saw a 1.07%
Baseball, known locally as yakyuu (or literally “field ball”), is a national phenomenon in Japan. Masaoka Shiki, one of Japan’s four great haiku masters, wrote several poems praising it. Osaka’s most infamous urban legend centers around it. It’s even more popular than the nation’s native sumo. According to data published by Japan’s Central Research Services
Michael Bloomberg, former Mayor of New York City, speaks at CityLab Detroit, a global city summit, on October 29, 2018 in Detroit, Michigan. Bill Pugliano | Getty Images After Mike Bloomberg took a beating in his first appearance on a Democratic debate stage for alleged harassment and non-disclosure agreements at Bloomberg LP, the company he
Mastercard President and CEO Ajay Banga told CNBC Tuesday that he has led the company for more than a decade and that it is time to pass the baton. He will transition out of the roles next year, ceding the chief executive seat on Jan. 1 and the president title months later to current Chief Product
Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Virgin Galactic reported fourth-quarter results after the market closed on Tuesday that showed a larger loss than Wall Street expected. Shares of Virgin Galactic dropped about 3% in after-hours trading
The Nasdaq-100 Index shed more than 2% on Tuesday, and based on one key technical indicator, it may be headed for even steeper declines. On Monday, the tech-heavy index’s 14-day RSI reading fell below 50, breaking its longest streak above 50 on record, according to data from Sentimentrader. RSI, or relative strength index, is a
Larry Kudlow, director of the U.S. National Economic Council, speaks during a television interview at the White House in Washington, D.C., U.S. on Thursday, Jan. 30, 2020. Alex Edelman | Bloomberg | Getty Images National Economic Council Director Larry Kudlow said the coronavirus-triggered selloff has created a buying opportunity for long-term investors. “The virus story
John Fedele The annual income of older Americans could drop significantly from one year to the next for a variety of reasons. It might be retirement or the death of a spouse, perhaps, or the sale of a business. Yet it might take Medicare — which charges higher earners more for premiums — a couple
Larry Kudlow speaking at the CNBC Capital Exchange breakfast in Washington, D.C. on July 9th, 2019. Paul Morigi | CNBC National Economic Council Director Larry Kudlow tried on Tuesday to assuage concerns over the cornavirus and its impact on the U.S. economy. “We have contained this. I won’t say [it’s] air-tight, but it’s pretty close
People wait in a line to buy face masks at a retail store in the southeastern city of Daegu on February 25, 2020. JUNG YEON-JE | AFP via Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 80,200 Total deaths:
Virgin Galactic’s stock jumped on Tuesday as speculative trading in the space tourism company continues, with its quarterly results expected after the market closes. Shares of Virgin Galactic climbed more than 6% from its previous close of $34.29. The stock is near record high levels, as it soared above $40 a share last week after
It goes without saying that death and taxes are two of life’s certainties. But what many people don’t know is that their Social Security retirement benefits might be taxed. And that means that they haven’t been using strategies proactively to reduce those levies and extend their income over their retirement years. William Meyer, founder of
Macy’s reported fourth-quarter earnings on Tuesday that outpaced expectations, helped by a boost from last-minute shoppers who lifted sales in the days leading up to Christmas Shares climbed as much as 6% in premarket trading, but were recently about 3% higher. “Taken as a whole, 2019 did not play out as we intended for Macy’s,
Kenya Forrest, Jr., 20, says sneaker trading got him interested in learning to trade stock options. Source: Kenya Forrest, Jr. Formal, part-time jobs for kids are so last century — the percentage of teens with jobs peaked 40 years ago — it’s all about side hustles now. Young people may go into business because they
Sophia Bera, CEO and founder of Gen Y Planning. When financial advisor Sophia Bera founded her Austin, Texas-based practice in 2013, she decided to work primarily with millennial clients. Bera, then 29, wanted to help her peers navigate their early careers and the thorny financial issues, such as managing student debt and buying a first
A Home Depot store in Miami, Florida. Getty Images Home Depot is set to report earnings for the fourth quarter before the bell Tuesday and update investors on whether its significant investments in the company are paying off. Here’s what analysts expect, based on Refinitiv data: Earnings per share: $2.10, adjusted Revenue: $25.76 billion Same-store
British financial technology start-up Revolut has raised $500 million in a fresh round of funding that values it at $5.5 billion. The investment round was led by Silicon Valley-based venture capital firm TCV — an early investor in companies like Facebook and Netflix — and also attracted backing from existing investors Ribbit Capital, DST Global,
Historic England is the country’s official list keeper of the most historically and architecturally significant places in England — places such as monuments, shipwrecks and battlefields. And pubs. Earlier this month, the heritage organization updated 11 English pub listings to reflect their cultural heritage and national importance, with one receiving a coveted Grade I designation.
This is a live blog. Please check back for updates. All times below are in Beijing time. 8:30 am: Japan stocks plunge around 4% Japan’s plunged 3.97% in early trade as it returned from a holiday, following a selloff in U.S. stocks overnight. The Topix index also declined 3.92%. Shares in Australia also fell sharply, with
Stock futures bounced a bit on Monday evening following the market’s worst decline in two years on coronavirus fears. Futures on the Dow Jones Industrial Average were up by 34 points, while S&P 500 futures were higher by 0.2%. The slight gains came even as after the bell United Airlines and Mastercard warned about the potential
Shares of Mastercard fell on Monday after the credit card company issued a warning that the fast-spreading coronavirus could hurt its revenue this year. “Cross-border travel, and to a lesser extent cross-border e-commerce growth, is being impacted by the Coronavirus,” the company said in a statement on Monday after the bell. The company said its
Investors must take precaution about the stocks they want to put their money in because the coronavirus outbreak is disrupting supply chains of many companies, CNBC’s Jim Cramer warned on Monday. American businesses are “far too dependent” on manufacturing products in China, he said. The comments came after the three major U.S. stock indexes plunged
HP shares moved as much as 6% higher in extended trading on Monday after the company reported better-than-expected fiscal first-quarter earnings and earnings guidance for the 2022 fiscal year. The company also announced an expansion of its share buyback authorization. Here’s how the company did: Earnings: 65 cents per share, adjusted, vs. 54 cents per
Warren Buffett told CNBC on Monday that Berkshire Hathaway‘s “third-largest business,” after its insurance and railroad interests, is its stake in Apple. “I don’t think of Apple as a stock. I think of it as our third business,” Buffett said on “Squawk Box.” The Oracle of Omaha’s annual letter to Berkshire shareholders, released on Saturday,
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