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 […]
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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 […]
When will the money arrive? Here are answers to your questions about the coronavirus stimulus checks
NoDerog | E+ | Getty Images Those government stimulus checks should be on their way soon to millions of Americans. Many people have still have a lot of questions about them. Last week, Washington lawmakers approved a $2 trillion relief bill in response to the coronavirus outbreak that includes a […]
Netflix, others are market bright spots after S&P 500’s worst first quarter ever
Stocks just closed out their worst first quarter ever. The S&P 500 fell 20% in the first three months of the year, breaking the previous first-quarter record set in 1938, as the coronavirus pandemic worsened. There were a few market bright spots, though. Stocks including Citrix, Regeneron, Netflix, Gilead, Nvidia and Amazon ended […]
The Fed’s Loretta Mester says to expect ‘some really bad economic numbers’ before things get better
The coronavirus crisis is going to push unemployment past 10%, but it may not be as bad as some forecasts, Cleveland Federal Reserve President Loretta Mester said in a CNBC interview Tuesday. Recent outlooks have seen the St. Louis Fed estimate the jobless rate to as bad as 32%, while […]
Coronavirus live updates: Coronavirus expected to cripple US auto sales, New York cases jump to over 75,000
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 826,222 Global deaths: At least 41,261 US cases: At least 177,452 US deaths: At least 3,440 […]
With strikes and a ‘sick out,’ some grocery and delivery workers take defiant stance: One-time bonuses, temporary pay hikes aren’t enough
A cashier wears gloves while scanning the groceries of a customer at a Whole Foods in Cambridge, MA on March 24, 2020. Erin Clark | The Boston Globe via Getty Images Temporary wage hikes. Special bonuses. Paid sick time. In recent weeks, tensions are on the rise between grocery workers […]
Amazon and Microsoft actually ended the first quarter higher as most of the market tanked
Microsoft CEO Satya Nadella (L) and Amazon CEO Jeff Bezos visit before a meeting of the White House American Technology Council in the State Dining Room of the White House June 19, 2017 in Washington, DC. Chip Somodevilla | Getty Images Shares of Microsoft and Amazon closed the year’s first […]
NYC Mayor Bill de Blasio orders investigation of Amazon’s firing of strike organizer
Amazon CEO Jeff Bezos on October 02, 2019. Elif Ozturk | Anadolu Agency | Getty Images New York City Mayor Bill de Blasio said Tuesday he has ordered the city’s human rights commissioner to investigate Amazon’s decision to fire a warehouse worker who organized a strike at its Staten Island […]