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
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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
The worst of the U.S. coronavirus outbreak will end by January either with a vaccine or because enough people in the country will have already been infected and have some immunity to it, former Food and Drug Administration Commissioner Dr. Scott Gottlieb told CNBC on Thursday. The restrictions and guidance implemented to curb the spread
One analysis found that more than 40% of CDFI’s loans and investments are in majority-minority communities. LeoPatrizi Consumers can push for racial justice – and it’s as simple as opening an account at a community bank or credit union that supports under-served communities. Netflix announced recently that it would transfer $100 million of its cash
2021 Dodge Durango SRT Hellcat Fiat Chrysler Fiat Chrysler is purifying its Dodge performance brand by increasing the offerings of its muscle cars and Durango SUV, while discontinuing a minivan and crossover for the 2021 model year. The automaker unveiled Thursday a new “Hellcat SRT” model of the 2021 Durango SUV, which it is calling
U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011. Andrew Harrer | Bloomberg | Getty Images Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to American capital markets nor hurt China’s growth, according to a report by think tank Peterson Institute for
Moderna‘s stock fell by as much as 9.4% in midday trading Thursday after a report said the biotech company’s late-stage trial for a potential coronavirus vaccine will be delayed, possibly by a few weeks. The company, which is working with the National Institutes of Health, was expected to begin a phase 3 trial with 30,000 participants for
The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic. In the first six months, listings in greater China were up 29% and the amount
People stand in queue to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images The list keeps getting longer. Governors in Michigan, Florida, Texas, California, Colorado and Arizona are closing thousands of bars again ahead of the Fourth of July weekend as Covid-19
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images This is a live blog. Please check back for updates. 9:54 am: Economy is ‘roaring back,’ says Trump President Donald Trump said the economy is
A worker cleans the floor in a McDonald’s restaurant in the Chicago Loop on March 19, 2020 in Chicago, Illinois. Scott Olson | Getty Images McDonald’s is pausing its U.S. reopening plans for 21 days as coronavirus cases spike across the country. States like Michigan, Colorado and Florida have been responding to the recent surge
Kylie Cosmetics are displayed at Ulta beauty on November 18, 2019 in New York City. Kylie Cosmetics has sold a controlling stake to Coty Inc for a reported $600 Million. Coty Inc plans to buy 51% and the controlling share of Kylie Cosmetics, valuing it at $1.2 billion. Kylie Jenner will remain the public face
A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images The road to recovery at Macy’s is likely going to be a rocky one because of the coronavirus pandemic. The retailer warned Wednesday that sales are falling