Carlos McArthur, a resident of Syracuse, New York, lost his job with a medical transportation company in March. He lived in his car for more than two months while waiting for his unemployment benefits to arrive. Carlos McArthur is one of millions of Americans who lost a job during the coronavirus pandemic. But his plight
Finance
A file photo of American Airlines Boeing 737 Max planes. Patrick T. Fallon | Bloomberg | Getty Images American Airlines executives have told Boeing they will not take delivery of 17 Boeing 737 Max airplanes unless the airline can secure financing to pay for the aircraft, people familiar with the discussions told CNBC. The 17
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Investors and traders have historically turned to less-risky assets such as U.S. Treasurys to weather market volatility and uncertainty. During the coronavirus pandemic, however, they have turned to unlikely place: tech and software stocks. Shares of Apple, Netflix, Microsoft, and Amazon are all trading at,
A customer leaves an ATM at a Wells Fargo branch in Denver. Rick Wilking | Reuters Check out the companies making headlines in midday trading: Gilead Sciences — Gilead gained 2.1% after saying its coronavirus treatment candidate drug, remdesivir, was associated with an improvement in clinical recovery and a 62% reduction in the risk of mortality compared
A Redfin Corp. ‘For Sale’ sign stands outside of a home in Seattle, Washington. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell: Marathon Oil — The oil company’s stock climbed 1% in extended trading after falling 7.05% earlier Thursday. Oil dropped 3% during the day amid concerns over rising
Investors are bailing on a popular trade due to the coronavirus surge. Allianz Global Investors’ Mona Mahajan finds a rush of money is flowing back into stay-at-home plays. “The cyclical story is on hold for now,” the firm’s U.S. investment strategist told CNBC’s “Trading Nation” on Thursday. “The trade is moving out of that reopening,
For several weeks now, I’ve been ranting about the wild speculation in low-priced, no-name stocks that have run rampant on Wall Street via Main Street investors. I’ve been tracking the movement of these stocks for several weeks and have noticed, almost every single day, a new stock, or five, crosses the lower tape on the
The Wirecard logo is seen at the payment company’s headquarters in Aschheim near Munich, southern Germany, on June 24, 2020. Christof Stache | AFP via Getty Images Despite its spectacular descent into insolvency last month, Wirecard‘s share price has not yet hit zero. Last week, Munich prosecutors raided the offices of the German payments giant,
A major financial institution is starting to lose enthusiasm for U.S. stocks. Invesco’s Kristina Hooper is worried the latest coronavirus spike will push states to close their economies again. “Up until now the U.S. has been rewarded because of expectations that we wouldn’t see any kind of significant lockdowns even if infection rates grew,” the
Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month