Major changes are coming to the Dow Jones Industrial Average. S&P Dow Jones Indices said Monday that three new companies will be joining the 30-stock benchmark. Salesforce.com will replace Exxon Mobil, Amgen will replace Pfizer and Honeywell International will replace Raytheon Technologies. The changes will go into effect before the […]
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Muted oil reaction to dual storm threat is ‘remarkable,’ Kilduff says
This is a file photo showing Chevron Corp. Jack/St. Malo deepwater oil platform stands in the Gulf of Mexico in the aerial photograph taken off the coast of Louisiana, on Friday, May 18, 2018. Luke Sharrett | Bloomberg | Getty Images Two storms are barreling toward the Gulf Coast forcing […]
Coronavirus live updates: First confirmed case of reinfection; WHO says 172 countries on global vaccine plan
Scientists are expressing some doubts about the Food and Drug Administration’s emergency use authorization for convalescent plasma as a treatment for Covid-19 patients. In a Sunday news briefing, President Donald Trump touted the treatment as a “breakthrough.” Former FDA chief Dr. Scott Gottlieb told CNBC that while there was enough data […]
Ex-Google employees form virtual tech ‘school’ for gap-year students amid college closures
James Cashen decided against returning to Cornell University in favor of a work-preparation education. Source: James Cashen As James Cashen approached his fall semester at Cornell University amid the global pandemic, it turned out that most of his classes would be conducted online, leaving him wondering if tuition was even […]
Scientists doubt convalescent plasma touted by Trump is a ‘breakthrough’ coronavirus treatment
Scientists and public health officials said Monday they are skeptical convalescent plasma is an effective treatment for patients hospitalized with Covid-19, even after the Food and Drug Administration issued an emergency use authorization for the treatment and President Donald Trump touted it as a “breakthrough.” There are no formally approved drugs […]
Dow rises more than 200 points, Apple leads S&P 500 and Nasdaq to record highs
Stocks rose on Monday, building on a record-setting week, as developments on coronavirus treatments drove the bullish sentiment. The Dow Jones Industrial Average jumped 238 points, or 0.9%. The S&P 500 climbed 0.7% and hit an all-time high. The Nasdaq Composite advanced 0.6% and also reached a record. Apple shares […]
TikTok sues U.S. government over Trump ban
TikTok app Narinder Nanu | AFP | Getty Images TikTok, the video-sharing application owned by China-based ByteDance, filed a lawsuit Monday against the U.S. government challenging the Trump administration’s efforts to ban the company’s American operations. In a blog post, TikTok argued that the ban prevents the company from due process, […]
Stocks cut gains as tech rally loses steam, Nasdaq turns negative
Stocks rose on Monday, building on a record-setting week, as developments on coronavirus treatments drove the bullish sentiment. The Dow Jones Industrial Average jumped 245 points, or 0.9%. The S&P 500 climbed 0.6% and hit an all-time high. The Nasdaq was marginally higher after also trading at a record level. […]
Here’s the speaker lineup for the first night of the Republican National Convention
Former U.S. Ambassador to the U.N., Nikki Haley and Sen. Tim Scott to speak on the first night of the 2020 Republican National Convention. Chris Keane | Reuters The 2020 Republican National Convention kicks off Monday as President Donald Trump makes his case for reelection during overlapping national crises. Many […]
Cramer: ‘Robinhood truly is take from the rich hedge funds’ and give to Main Street investors
The wildly popular Robinhood online financial services startup has lived up to its name as individual investors who use the platform cause problems for big-time hedge funds, CNBC’s Jim Cramer said Monday. In particular, he pointed to the enthusiasm surrounding the stocks of Nike and Apple. “Nike and Apple are two […]