Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, chairs a symposium at the School of Medicine at Tsinghua University in Beijing, capital of China, March 2, 2020. Yan Yan | Xinhua News Agency | Getty Images Chinese President Xi Jinping called
Finance
The stock market’s three day win streak may be in jeopardy. Canaccord Genuity’s Tony Dwyer warns the S&P 500 just hit a level that sets the stage for another meltdown as the country copes with the coronavirus impact. “We put 2,575 as a level for this relief rally,” the firm’s chief market strategist told CNBC’s
Take a look at some of the biggest movers in the premarket: UnitedHealth (UNH) – The health-services company is introducing a coronavirus test that patients can self-administer, which could reduce the risk to health-care workers. The test calls for patients to swab their noses, drop the swab into test tubes, and hand the tubes back
An employee works next to shoes on display inside the flagship store of sporting-goods giant Nike in Shanghai on March 16, 2017. Johannes Eisele | AFP | Getty Images American companies in China are still betting on the local consumer, even if business disruptions from the coronavirus are dragging down revenues. A survey of 119
A customer views cars on display in a showroom of the Avilon dealership owned by the Ford Motor Company in Moscow. Anton Novoderezhkin/TASS (Photo by Anton NovoderezhkinTASS via Getty Images) Anton Novoderezhkin | TASS | Getty Images Check out the companies making headlines after the bell. Micron Technology — The semiconductor company’s stock jump 5% in
This is breaking news. Please check back for updates. Former Federal Reserve Chairman Ben Bernanke told CNBC on Wednesday that he thinks the current members of the central bank acted with appropriate force to help the U.S. economy get ahead of the coronavirus and set the stage for a strong rebound once the disease abates.
A customer uses an Apple Inc. iPhone to make a payment on a Square Inc. device in San Francisco, California, U.S., on Tuesday, March 27, 2018. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nike — The athletic apparel company’s stock soared 8% in extended trading after
Stock futures rose in overnight trading, building on Tuesday’s historic rally, as investors awaited an unprecedented stimulus package to combat the economic impact of the coronavirus. Futures on the Dow Jones Industrial Average climbed about 310 points. The S&P 500 futures rose 30 points. The action in the futures market followed an epic comeback on
A Nabors Industries worker uses a power washer to clean the floor of a rig drilling for Chevron in the Permian Basin near Midland, Texas, March 1, 2018. Daniel Acker | Bloomberg | Getty Images Take a look at some of the biggest movers in the premarket: Chevron (CVX) – Chevron plans to cut capital
BTIG’s Julian Emanuel warns stocks could lose another fifth of their value. If Congress doesn’t immediately pass a coronavirus aid package designed to help the U.S. economy, he warns it’ll spark more damage to an already battered market. “We’re in this situation where politics seems to be getting in the way,” the firm’s chief equity