Medical staff wearing full PPE push a stretcher with a deceased patient to a car outside of the Covid-19 intensive care unit at the United Memorial Medical Center on June 30, 2020 in Houston, Texas. Go Nakamura | Getty Images Reported coronavirus-related deaths appear to be on the rise in Florida, Texas, California, Arizona and some
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A customer leaves an ATM at a Wells Fargo branch in Denver. Rick Wilking | Reuters Check out the companies making headlines in midday trading: Gilead Sciences — Gilead gained 2.1% after saying its coronavirus treatment candidate drug, remdesivir, was associated with an improvement in clinical recovery and a 62% reduction in the risk of mortality compared
Source: Bank of America Big restaurant chains have largely recovered from the coronavirus pandemic, but the rest of the industry is taking longer to bounce back, according to a Bank of America study. Analysts Gregory Francfort and JonMichael Shekian used aggregated transaction data from Bank of America credit and debit cardholders to analyze consumers’ restaurant spending habits.
Investors are bailing on a popular trade due to the coronavirus surge. Allianz Global Investors’ Mona Mahajan finds a rush of money is flowing back into stay-at-home plays. “The cyclical story is on hold for now,” the firm’s U.S. investment strategist told CNBC’s “Trading Nation” on Thursday. “The trade is moving out of that reopening,
Patrick Goguen, right, an Acadian from Moncton, beats on a drum while Noel Milliea, an elder from Elsipogtog First Nation, performs a ceremony on the dead right whale to honor the animal’s spirit before a necropsy is performed on June 7, 2019. Nathan Klima | Boston Globe | Getty Images The North Atlantic right whale
The Wirecard logo is seen at the payment company’s headquarters in Aschheim near Munich, southern Germany, on June 24, 2020. Christof Stache | AFP via Getty Images Despite its spectacular descent into insolvency last month, Wirecard‘s share price has not yet hit zero. Last week, Munich prosecutors raided the offices of the German payments giant,
Illinois Gov. J.B. Pritzker Brian Cassella | Chicago Tribune | Tribune News Service via Getty Images) Illinois Governor J.B. Pritzker said states have been forced to compete in a “sick Hunger Games”-like competition for personal protective equipment and other supplies needed to fight the coronavirus pandemic without a strong federal response. Pritzker, a Democrat, told
Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month
A man gets tested for coronavirus at a COVID19 testing center on July 7, 2020 in Austin, Texas. Sergio Flores | Getty Images Texas reported more than 10,000 additional Covid-19 cases Tuesday, a record-breaking daily surge as the state responds to a growing outbreak and an increase in hospitalizations. The Texas Health and Human Services
A medical worker wearing a mask walks near the AMC movie theater in Times Square amid the coronavirus pandemic on May 7, 2020 in New York City. Alexi Rosenfeld | Getty Images AMC Entertainment shares jumped as much as 21% after the close of regular trading on Tuesday following a story in the Wall Street
Ford released a teaser image of its new “family” of Bronco SUVs on July 6, 2020 — a week ahead of when the vehicle’s are expected to debut. Ford Ford Motor expects the relaunch of its iconic Bronco SUV to boost both U.S. sales and profits, building off its cult following to attract new off-road
A summer rally may be underway. Economic forecaster Lakshman Achuthan cites a bullish, under-the-radar trend in a chart highlighting the firm’s special weekly leading index and S&P 500. “This is a fundamentally optimistic chart,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Monday. “It’s showing us that the cyclical fundamentals are to
The average age of new coronavirus patients has dropped by roughly 15 years compared with only a few months ago as the coronavirus reignites in America’s Sun Belt, White House health advisor Dr. Anthony Fauci said Monday. Fauci, director of the National Institutes of Allergy and Infectious Diseases, said during a Q&A discussion with Dr. Francis
A pedestrian walks by a sign in front of the Uber headquarters on May 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines midday Monday: Dominion Energy, Berkshire Hathaway — Berkshire Hathaway gained 2.2% after the conglomerate said it is spending $4 billion to buy the natural
Las Vegas casino owner Derek Stevens said Thursday that although social distancing protocols are limiting the amount of people inside his casinos, sales in June were higher than a year ago. “What’s really surprising is actually our slot numbers, our table numbers, are up, and in some areas up dramatically,” Stevens said on CNBC’ “Squawk
A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020. Michael Nagel | Bloomberg | Getty Images U.S. stock futures traded slightly higher on Sunday night as Wall Street tried to build on the momentum from last week’s solid performance. Dow Jones Industrial Average futures rose
Justin Paget | Getty Images Children diagnosed with Covid-19 pediatric multisystem inflammatory syndrome, or PMIS, may develop new neurological problems without any of the respiratory issues commonly associated with the virus, according to a study published Wednesday in the Journal of the American Medical Association. Researchers examined 27 children with Covid-19 PMIS, who were previously healthy, between
Loop Capital Chairman and CEO Jim Reynolds told CNBC on Thursday that building a diverse team has not been a challenge for the Chicago-based investment bank. “I have found it so amazingly easy to recruit minority candidates — African American, women — and promote them very easily because I focus on talent,” Reynolds said on “Halftime