Results of a private survey released on Wednesday showed China’s manufacturing activity expanded slightly in March as factories began to come online amid a coronavirus outbreak. The Caixin/Markit manufacturing Purchasing Manager’s Index for March was 50.1. Analysts polled by Reuters had expected the Caixin/Markit PMI to come in at 45.5, compared […]
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Coronavirus live updates: HSBC, Standard Chartered shares fall after lenders cancel dividend payments
This is a live blog. Please check back for updates. Global cases: More than 856,900 Global deaths: At least 42,081 Top 5 countries: United States (187,919), Italy (105,792), Spain (95,923), China (82,278), and Germany (71,808) The data above was compiled by Johns Hopkins University as of 7:58 a.m. Beijing time. […]
China won’t sit and watch Huawei get ‘slaughtered,’ exec says as US reportedly preps new sanctions
A Huawei Technologies Mate20 Pro smartphone displays an image of the company’s Kirin 980 chip. Krisztian Bocsi | Bloomberg | Getty Images Beijing will not sit and watch Huawei get “slaughtered” and could retaliate if there are further sanctions on the Chinese technology giant, a top Huawei executive told CNBC […]
Coronavirus live updates: Global cases over 856,900 death toll tops 42,000
This is a live blog. Please check back for updates. Global cases: More than 856,900 Global deaths: At least 42,081 Top 5 countries: United States (187,919), Italy (105,792), Spain (95,923), China (82,278), and Germany (71,808) The data above was compiled by Johns Hopkins University as of 7:58 a.m. Beijing time. […]
Start-ups cut nearly 4,000 jobs in March as coronavirus impact ripples through tech
San Francisco Compassandcamera | Getty Images Start-ups eliminated nearly 4,000 jobs this month as the coronavirus crisis disrupted business-as-usual across the economy. The layoffs, compiled by CNBC based on multiple media reports, included more than 3,800 people spanning more than 40 companies operating in sectors including hospitality, transportation, meal delivery […]
Dow futures fall 300 points after market posts worst first quarter on record
U.S. stock futures moved lower in overnight trading and pointed to declines at the open on Wednesday, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off. Dow Jones Industrial Average futures fell 302 points, indicating a Wednesday opening […]
Private equity lobbyists were involved in the push for $500 billion coronavirus bailout fund
President Donald Trump speaks before signing the H.R. 748, Coronavirus Aid, Relief, and Economic Security (CARES) Act, in the Oval Office of the White House in Washington, D.C., U.S., on Friday, March 27, 2020. Erin Schaff/The New York Times/Bloomberg via Getty Images Erin Schaff | The New York Times | […]
Jim Cramer reveals second-quarter playbook, says the quarter is ‘going to be so ugly’
CNBC’s Jim Cramer on Tuesday laid out his playbook for the next three-month period and broke down his predictions of what could be the best performing parts of the market next quarter. “Just like the first quarter, I’m betting the second quarter will be bad — maybe not as bad […]
White House predicts 100,000 to 240,000 will die in US from coronavirus
President Donald Trump speaks while flanked by Vice President Mike Pence (L) during the daily coronavirus task force briefing in the Brady Briefing room at the White House on March 31, 2020 in Washington, DC. Win McNamee | Getty Images President Donald Trump prepared Americans for a coming surge in […]
Dow futures fall more than 200 points after market posts worst first quarter on record
U.S. stock futures moved lower in overnight trading and pointed to declines at the open on Wednesday, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off. Dow Jones Industrial Average futures fell more than 1.2%, indicating a loss […]