Wall Street stands empty as people stay away from the area due to the coronavirus on March 30, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures were flat on Thursday night as investors continued to weigh the prospects of a potential coronavirus treatment. Dow Jones Industrial Average futures were up just
Finance
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Alphabet — The tech giant’s stock was down 2% in extended trading after CNBC reported that Google is reducing its marketing budgets by as much as half for the second half of
Fuel prices are displayed at a Phillips 66 gas station in Princeton, Illinois, U.S., on Wednesday, April 1, 2020. Daniel Acker | Bloomberg | Getty Images Some millennial investors have been duped by a complex oil ETF that is struggling to stay alive. Traders on Robinhood and SoFi Invest flocked to buy the United States
Is China’s debt burden too much to bear? Getty Images BEIJING — Demand for consumer loans is picking up in China, especially among the less affluent, highlighting a group that some say could use more support during the coronavirus-induced economic downturn. The disease, officially called Covid-19, emerged late last year in the Chinese city of Wuhan.
Economic forecaster Lakshman Achuthan warns the coronavirus pandemic is hitting the U.S. economy harder than the financial crisis. “This is a brutal recession,” he told CNBC’s “Trading Nation” on Wednesday. “This recession is extraordinarily deep. Already, you’ve got 22 million people filing for jobless claims compared to 8.7 million jobs lost during the Great Recession.”
Chipotle Mexican Grill is a chain of restaurants in the United States, United Kingdom, Canada, Germany, and France, specializing in Mission burritos and tacos. Roberto Machado Noa | LightRocket | Getty Images Check out the companies making headlines in midday trading. Chipotle — Shares of the Mexican restaurant chain rose nearly 10% following its strong
Glow Wellness | Getty Images Gyms in China‘s capital city of Beijing were forced to close again over the weekend, adding pressure to an industry that’s already seen the collapse of thousands of fitness businesses nationwide. The coronavirus, which emerged late last year in the Chinese city of Wuhan, has swept across the country and only started
Lending Club banners hang on the facade of the New York Stock Exchange for it’s IPO on December 11, 2014 in New York. Don Emmert | AFP | Getty Images LendingClub is cutting roughly a third of its staff as the Covid-19 slowdown dampens demand for consumer loans. The company, which pioneered online personal loans, said
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 51 cents per share, 7 cents a share above estimates. Revenue also came in above Wall Street forecasts. The company said a shift in consumer habits due to the Covid-19 pandemic would materially impact results
Smucker’s Fruit & Honey brand fruit spread Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell. IBM — The technology company’s stock fell 3% in extended trading after IBM reported first-quarter financial results. The company reported revenue of $17.57 billion while analysts polled by Refinitiv expected $17.62 billion.