Stock futures were flat in overnight trading on Monday, signalling a pause in the market’s rebound from its deep rout triggered by the coronavirus pandemic. Futures on the Dow Jones Industrial Average rose just 10 points. The S&P 500 futures were also little changed. The overnight action followed a strong session on Wall Street, with the
Joe Biden in an interview on MSNBC. Source: MSNBC Former Vice President Joe Biden said Monday that he was not reconsidering his opposition to single-payer health care despite the strain that the coronavirus pandemic has put on the existing health-care system. “Single-payer will not solve that at all,” Biden said during an interview on MSNBC.
US President Donald Trump participates in a meeting with Supply Chain Distributors to discuss the response to COVID-19 at the White House in Washington, DC, on March 29, 2020. Jim Watson | AFP | Getty Images This year, heirs of retirement accounts can bypass mandatory withdrawals from those IRAs. The coronavirus relief bill, which President
Larry Fink Olivia Michael | CNBC Larry Fink, CEO of the world’s biggest asset manager BlackRock, told shareholders that the economy will recover from the coronavirus pandemic, and when it does, there will be “tremendous opportunities” to be had. “In my 44 years in finance, I have never experienced anything like this,” Fink said in
Getty Images The coronavirus has put the brakes on the economy. However, many individuals still face due dates for payments on lingering credit card balances. A new survey from CreditCards.com finds that 59% of credit card holders – or 110 million adults – entered the coronavirus pandemic and subsequent slowdown with credit card debt. Many
The Virgin Orbit ventilator device. Virgin Orbit Richard Branson’s California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device that the company plans to mass produce and send to hospitals around the United States to fight coronavirus. “[It is] a very, very simple and robust design that we can get out to
SEC Chairman Jay Clayton said Monday that the practice of short selling — effectively betting that a stock will drop — is needed to “facilitate ordinary market trading.” “We shouldn’t be banning short selling,” Clayton told CNBC’s “Squawk Box.” However, he said the Securities and Exchange Commission did replace the old uptick rule with a
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 732,153 Global deaths: At least 34,686 US cases: At least 143,055 US deaths: At least 2,513 The data
Investors should be buying individual stocks, not indexes, as there is still more coronavirus-driven market volatility ahead, economist Mohamed El-Erian said Monday. “If you feel it’s the all clear, go out and buy the index … I don’t think we’re there yet,” the chief economic advisor at Allianz said on CNBC’s “Squawk Box.” ”We’re not in an all clear.” El-Erian,
US President Donald Trump speaks during a Coronavirus Task Force press briefing in the Rose Garden of the White House in Washington, DC, on March 29, 2020. Jim Watson | AFP | Getty Images This is a live blog. Check back for updates. 8:04 am: Stocks exposed to COVID-19 slump in premarket trading Companies with outsized
JGI/Jamie Grill There’s one thing you may be overlooking when it comes to managing your cash during the coronavirus outbreak — your health savings account. An HSA is a savings account you can use to pay for qualified medical expenses. You contribute momney pre-tax, the savings grow tax-free and your withdrawals generally aren’t taxed. HSAs
This is a live blog. Please check back for updates. All times below are in Beijing time. Global cases: More than 720,100 Global deaths: At least 33,925 Top 5 countries: United States (139,675), Italy (97,689), China (82,122), Spain (80,031) and Germany (62,095) The data above was compiled by Johns Hopkins University as of 7:50 a.m.
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters U.S. stock futures opened lower on Sunday night following sharp gains last week while the number of coronavirus cases in the U.S. keeps rising at an alarming rate.
This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. Global cases: More than 679,000 Global deaths: At least 31,000 United States cases: At least 124,600 United States deaths: At least
Hank Paulson David Orrell | CNBC Former Treasury Secretary Hank Paulson warned that the U.S. faces a “very difficult road ahead” after President Trump signed a historic $2 trillion coronavirus relief bill. Paulson, a key figure in helping the country avoid economic catastrophe during the 2008 financial crisis, drew on his experience from that tumultuous period
A view of the empty street at 54th street and 6th Ave in Midtown Manhattan in the wake of the coronavirus outbreak on March 20, 2020 in New York City. Roy Rochlin | Getty Images The Covid-19 pandemic continues to shut down cities around the world, bringing the global economy to a crawl. Governments are
College acceptance letters are already in the mail. Now high school seniors must decide their fate for September. Up until now, National College Decision Day, the deadline for high school seniors to choose which college they will attend, has always been May 1. This year, however, the global coronavirus pandemic and extreme economic uncertainty have pushed many
A female Chinese volunteer from Blue Sky Rescue wears a protective suit as she fumigates and disinfects an area of a local bus station on March 7, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Please check back for updates. Global cases: More than 662,073 Global deaths: At least
This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. All times below are in Eastern time. Global cases: At least 614,884 Global deaths: At least 28,687 U.S. cases: At least
New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018. Lucas Jackson | Reuters New Jersey homeowners whose finances have been affected by the novel coronavirus will get a 90-day reprieve on their mortgage payments, said Gov. Phil Murphy on Saturday. Lenders will also waive late
Andrew Cuomo, governor of New York, speaks during a news conference at the Jacob Javits Convention Center in New York, U.S., on Friday, March 27, 2020. Angus Mordant | Bloomberg | Getty Images New Yorkers are getting more time to submit their 2019 income tax returns to the Empire State. Individuals filing a New York
The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended their year-end targets on the S&P 500, blaming the unprecedented economic uncertainty that makes projecting
American Airlines planes parked in Tulsa, Oklahoma. American Airlines The coronavirus crisis is bringing the United States economy to a screeching halt, with every sector feeling the effects of most of the country’s workforce staying home. Satellite imagery combined with other photographic evidence and alternative data sources give a stark look at the U.S. situation:
The pandemic affects everyone — even cats and dogs that are clearly surprised at the change in routine. Younger children might not understand everything that’s going on, and older ones might realize life has changed but not know how to get clarity from their parents. The current situation is different from anything anyone’s experienced in
A ride share driver picks up passengers at O’Hare Airport on April 10, 2019 in Chicago, Illinois. Scott Olson / Getty Images Earlier this month, as talk of a new virus outbreak in the U.S. revved up, Robert Richwine, an Uber driver in Columbus, Ohio, devised a game plan to try to stay on the road.
In this photo taken March 20, 2020, cattle rancher Joe Whitesell rides his horse in a field near Dufur, Oregon, as he helps a friend herd cattle. Gillian Flaccus | AP U.S. farmers have endured a slew of financial hardships over the past few years. The U.S.-China trade war sent scores of farmers out of
A worker wearing protective suit checks the body temperature of an employee at the entrance of OrbusNeich Medical (Shenzhen) Co. Ltd amid the coronavirus outbreak on March 6, 2020 in Shenzhen, Guangdong Province of China. Chen Wen | China News Service via Getty Images This is CNBC’s live blog covering all the latest news on
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Robinhood’s recent show of goodwill came with strings attached, according to some users. On Monday, the trading start-up offered a
President Donald Trump has ordered General Motors to make ventilators under the Defense Production Act hours after criticizing the company for not acting quickly enough to produce the devices amid the coronavirus pandemic. The Korean War-era statute can force certain American companies to produce materials that are in short supply in the face of the growing
People walk by the New York Stock Exchange (NYSE) on March 09, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures were relatively flat on Thursday night following a sharp rally sparked by increasing expectations of massive fiscal stimulus while investors shook off grim unemployment data. Dow Jones Industrial Average futures