A man receives a nasal swab COVID-19 test at Tom Bradley International Terminal at Los Angeles International Airport (LAX) amid a coronavirus surge in Southern California on December 22, 2020 in Los Angeles, California. Mario Tama | Getty Images Three states across the U.S. have now identified cases of the new coronavirus strain in people
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Michael Nagle/Bloomberg via Getty Images Morgan Stanley will repay $1.7 million to customers who paid high costs on investments earmarked for education expenses like college tuition. The brokerage firm is paying the sum, including nearly $1.5 million in restitution plus interest, to about 2,300 customers who are saving money in 529 plans, the Financial Industry
The New York Stock Exchange (NYSE) in lower Manhattan. Spencer Platt | Getty Images The legacy of 2020 will endure in America’s collective memory for many reasons: a deadly pandemic, a vicious presidential election. It also brought the most severe recession in almost a century, which hurtled millions into poverty and joblessness and created burgeoning
European Commission President Ursula von der Leyen, European Council President Charles Michel, German Chancellor Angela Merkel, French President Emmanuel Macron and Chinese President Xi Jinping are seen on a screen during a video conference to approve an investment pact between China and the European Union on December 30, 2020. Johanna Geron | AFP | Getty
ESPN Monday Night Football Studio Analysts Louis Riddick during the NFL regular season football game between the Cleveland Browns and the San Francisco 49ers on Monday, Oct. 7, 2019 at Levi’s Stadium in Santa Clara, Calif. Ric Tapia | Icon Sportswire | Getty Images In 2020, the National Football League has certainly talked about its
Source: NYSE photo Art Cashin couldn’t lead the New York Stock Exchange in the singing of “Wait til the Sun Shines Nellie” this year, but he penned this poem for UBS and its clients, and is sharing it with us here. Happy New Year, Art. Look forward to seeing you on the floor in 2021. Subscribe
Tech investor Gene Munster told CNBC on Thursday he sees a reasonable path for Apple to reach a $3 trillion market capitalization in the future. The iPhone maker became the first publicly traded U.S. company to reach a $2 trillion market cap in August — a milestone Munster foresaw in January, when he made the
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices and improved margins in its
CDC headquarters in Atlanta Elijah Nouvelage | Bloomberg via Getty Images Officials from the Centers for Disease Control and Prevention said Wednesday that a new strain of Covid-19 now circulating in the U.S. could further stress hospitals that are already overwhelmed with coronavirus patients. Colorado health officials announced Tuesday that they detected the first known
Bryn Mawr Trust’s Jeff Mills is making a big bet on the economic recovery. After years of decline, he predicts small-cap stocks’ 2020 comeback will deliver even bigger gains to investors next year. “We’re at this point where monetary policy and fundamental economic growth, at least in our opinion, line up,” the firm’s chief investment officer
[embedded content] [The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.] New York Gov. Andrew Cuomo will hold a press briefing on the coronavirus Wednesday as Covid-19 hospitalizations reach levels last reported in early May. There were 7,814 people
Wall Street forecaster Jim Bianco is bracing for a 2021 inflation comeback. His main catalysts: hundreds of billions of dollars in federal coronavirus aid and vaccines that begin normalizing the economy. “Once you get all of that into the pipeline, you could have a burst of economic activity that could produce higher inflation for the
A person gestures towards a sign with a public health information message, amid the spread of the coronavirus disease (COVID-19), as new restrictions come into force, in London, Britain, December 20, 2020. Toby Melville | Reuters The first case of a new and potentially more infectious strain of Covid-19 has been confirmed in the United
Check out the companies making headlines in midday trading. Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to FactSet. The stock rose to an all-time high on the heels of the bullish call.
President-elect Joe Biden plans to invoke the Defense Production Act after he takes office next month to boost production of Covid vaccines, a member of his Covid-19 advisory team said Monday. “You will see him invoking the Defense Production Act,” Dr. Celine Gounder, a member of Biden’s Covid-19 advisory board, said during an interview on
Containers and trucks at the port of Qingdao, China on February 14, 2019. Reuters BEIJING — China has not fully recovered from the shock of the coronavirus pandemic, business leaders said in a survey by the China Beige Book released Tuesday. After about a year since Covid-19 first emerged in the Chinese city of Wuhan,
When an announcement came in late November that Lauren Hobart would take the reins as chief executive at Dick’s Sporting Goods in early 2021, corporate America hit another major milestone for inclusivity that has been driven, in large part, by the retail industry. A record 41 female CEOs are soon going to be leading Fortune
U.S. bond prices fell on Monday morning after President Donald Trump signed a $900 billion Covid-19 relief bill into law. The yield, which has an inverse relationship to the price, on the 10-year Treasury note rose to 0.9514%. While on the 30-year Treasury bond it rose to 1.6918%. Trump averted a government shutdown late Sunday,