People line up in their cars to receive food assistance in Groveland, Florida, near Orlando, on Dec. 9, 2020. Paul Hennessy/NurPhoto via Getty Images ‘Totally egregious’ U.S. Labor Department data issued Thursday provides the first glimpse of how delays from Congress and the president affected benefits. More than 1.7 million people dropped off Pandemic Unemployment
Finance
Yuriko Nakao | Getty Images Bitcoin slumped for a second day Thursday, taking the digital currency’s losses to more than 10% over 48 hours and wiping off billions of dollars from the crypto market. The price of bitcoin slipped over 6% Thursday to as low as $32,527, falling below the $33,000 level for the first
One of Wall Street’s biggest bulls sees the stars lining up for the economy. Federated Hermes’ Phil Orlando predicts coronavirus vaccine distribution will rev up within weeks and set the stage for a monster market year. “Our view is by summer — by Independence Day — we will be free of the coronavirus. We’ll reach
The Netflix logo is shown in this illustration photograph in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines in midday trading. Netflix — Shares of the streaming giant popped 14% after the company’s fourth quarter report beat Wall Street expectations for revenue and subscribers, which topped 200 million. Netflix also said
James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galici | Getty Images Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Wednesday. Here’s what Wall Street expects: Earnings: $1.27 a
A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok. Douyin users can choose Douyin Pay
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Check out the companies making headlines in midday trading. General Motors — Shares of the automaker surged 9% after the announcement that Microsoft was investing in Cruise, GM’s autonomous vehicle project. As
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report fourth-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: 55 cents a share, 26% lower than the year-earlier period, according to Refinitiv. Revenue: $20.7 billion, 8.1% lower than
A person walks past a Microsoft logo at the Microsoft office in Beijing, China August 4, 2020. Thomas Peter | Reuters BEIJING — Foreigners put more of their money in China last year as the country’s size and growth stood out in a world still trying to manage the coronavirus pandemic. In the capital city
Take a look at some of the biggest movers in the premarket: JPMorgan Chase (JPM) – The bank reported fourth-quarter earnings and revenue that topped Wall Street forecasts. Strong trading and investment banking results were among the factors helping the company’s bottom line. PNC Financial (PNC) – PNC reported better-than-expected revenue and earnings for the