A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images Stock futures rose in overnight trading on Sunday as investors looked past a record spike in coronavirus cases in Florida. Futures on the Dow Jones Industrial Average
Business
President Donald Trump criticized his top infectious disease advisor this week while Dr. Anthony Fauci separately admitted he hasn’t briefed the president on the coronavirus pandemic in at least two months — widening an apparent growing rift between the two. “Dr. Fauci’s a nice man, but he’s made a lot of mistakes,” Trump said in an
A file photo of American Airlines Boeing 737 Max planes. Patrick T. Fallon | Bloomberg | Getty Images American Airlines executives have told Boeing they will not take delivery of 17 Boeing 737 Max airplanes unless the airline can secure financing to pay for the aircraft, people familiar with the discussions told CNBC. The 17
Dani Reiss, president and CEO of Canada Goose Rick Madonik | Getty Images Canada Goose‘s CEO said Friday the retailer’s recently opened experiential store in Canada is “almost built for this environment,” as consumers brave enough to venture outside are looking for things to do during the coronavirus pandemic. “Naturally, it is socially distanced,” Chief
Carlos McArthur, a resident of Syracuse, New York, lost his job with a medical transportation company in March. He lived in his car for more than two months while waiting for his unemployment benefits to arrive. Carlos McArthur is one of millions of Americans who lost a job during the coronavirus pandemic. But his plight
Even when the Great Recession dampened consumer confidence and drove up unemployment things weren’t as bad for retailers as they have been during the current Covid-19 crisis, according to a new analysis from Retail Metrics. Days after the World Health Organization declared a pandemic in March, retailers across the U.S. were forced to shut their
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Investors and traders have historically turned to less-risky assets such as U.S. Treasurys to weather market volatility and uncertainty. During the coronavirus pandemic, however, they have turned to unlikely place: tech and software stocks. Shares of Apple, Netflix, Microsoft, and Amazon are all trading at,
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
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