U.S. Senate Majority Leader Mitch McConnell (R-KY) speaks to reporters following a closed Senate Republican policy lunch meeting with U.S. President Donald Trump to discuss the response to the coronavirus disease (COVID-19) outbreak on Capitol Hill in Washington, May 19, 2020. Yuri Gripas | Reuters Congress will “probably” have to […]
CNBC News
Dow rallies 500 points as Wall Street cheers on the economy reopening, JPMorgan jumps
Stocks surged on Tuesday, adding to their strong gains from last week, as optimism grew about the reopening of the economy and a potential coronavirus vaccine. The Dow Jones Industrial Average gained 529.95 points, or 2.2%, to close at 24,995.11. The 30-stock average briefly traded above 25,000 for the first time […]
Coronavirus live updates: Virus piles onto millennial economic woes; Brazil death toll could surge this summer
U.S. coronavirus deaths are approaching 100,000, more than double that of any other country, according to data compiled by Johns Hopkins University. Across the country, Americans observed Memorial Day weekend with some states reopening beaches and other outdoor areas. Merck, meanwhile, has entered the vaccine race, announcing Tuesday it has teamed […]
Everything you need to know about SpaceX’s historic Demo-2 launch, its first with NASA astronauts
SpaceX is set for its most important milestone, a launch that may well define the future of the U.S. space program. Elon Musk’s company plans to launch two NASA astronauts on Wednesday — the first crewed mission in SpaceX history. The mission, called Demo-2, is technically the final test flight […]
Wharton’s Jeremy Siegel says new stock market high this year is a ‘real possibility’
Wharton School professor Jeremy Siegel told CNBC on Tuesday that new stock market highs this year is “a real possibility,” even as the economic consequences from the coronavirus remain present. “In fact, given no serious second wave, which could mean just effective therapeutics without even a universal vaccine, my feeling is it’s […]
JPMorgan shares surge after Jamie Dimon says bank is “very valuable” at current prices
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase shares rose Tuesday […]
Coronavirus live updates: Brazil’s death toll could jump five-fold by August; Cuomo to press Trump on recovery plan
U.S. coronavirus deaths are approaching 100,000, more than double that of any other country, according to data compiled by Johns Hopkins University. Across the country, Americans observed Memorial Day weekend with some states reopening beaches and other outdoor areas. Merck, meanwhile, has entered the vaccine race, announcing Tuesday it has teamed […]
Twitter refuses to delete Trump’s baseless claims about Joe Scarborough
Twitter‘s policy carve-out for world leaders is facing another test with President Donald Trump’s latest tweets resurrecting baseless claims that MSNBC host Joe Scarborough should be investigated for the death of his former staffer. Earlier this month, Trump tweeted questions about when an investigation would be opened into the “Cold […]
Stocks break through a major milestone that could signal a longer uptrend is ahead
Another positive vaccine development and progress with economic reopenings pushed the S&P 500 into an important new zone Tuesday that could be a bullish sign for the market longer term. The S&P 500 actually crossed two key milestones when it opened above the psychological level of 3,000 for the first time […]
New Yorkers are ‘going to see pain in this new economy’ as state begins reopening, Gov. Cuomo warns
Governor of New York Andrew Cuomo leaves after ringing the opening bell at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images New York Gov. Andrew Cuomo warned Tuesday that the economy is not going […]