Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Bronte Wittpenn | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Tesla — Shares of Tesla jumped 11.3%,
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Check out the companies making headlines before the bell: Las Vegas Sands (LVS), Wynn Resorts (WYNN) – These will be among casino stocks on watch, on news that gambling revenue in Macao fell a worse-than-expected 11.3% amid the spread of the coronavirus. Delta Air Lines (DAL), American Airlines (AAL), United Airlines (UAL) – These and other
Wells Fargo Securities’ Michael Schumacher expects the bond rush to intensify. According to the firm’s global head of rate strategy, coronavirus fears will drive more investors into the U.S. Treasury market as a safe haven play and drive yields sharply lower. The benchmark 10-year Treasury Note yield is already down 22% so far this year.
Cornerback Richard Sherman #25 of the San Francisco 49ers Christian Petersen The world’s premiere athletes are getting an early look at venture capital deals — partially thanks to their social media game. Athletes’ Twitter and Instagram followers give them a direct line to fans, which in some cases can be used to promote portfolio companies
A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, April 30, 2019 Clodagh Kilcoyne | Reuters Check out the companies making headlines in midday trading. Amazon — Amazon jumped nearly 9% in midday trading after the e-commerce giant reported fourth-quarter earnings well ahead of Wall Street consensus expectations. The
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images Wall Street is suffering a risk-off relapse, producing a milder but familiar set of the symptoms felt during last year’s overdone summertime recession scare. Bond yields have rushed toward their old lows, flattening the gap between very short-term and
Ada Calhoun, who’s written about the financial struggles of middle-aged women today Gilbert King The summer of 2017 was a difficult one for Ada Calhoun. The 41-year old freelance writer watched a bunch of her projects fall through. She racked up $20,000 in credit card debt, and had next to no savings behind her. Childcare
A Columbia Sportswear Company sign hangs in front of their store at the Woodbury Common Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening
The stock sell-off deepened on the last day of January on concerns that the deadly coronavirus will disrupt the global economy, and in the process ruin an old market indicator that was signaling a positive year. As goes January, so goes the year — this Wall Street saying from the widely watched “January barometer” suggests
Traders work on the floor at the New York Stock Exchange, January 14, 2020. Brendan McDermid | Reuters Federal Reserve officials this week affirmed their commitment to staying put on interest rates for the time being, but markets have other ideas. The fed funds futures market, where traders go to bet on the central bank’s