Many companies are being hurt by social distancing safety rules due to the coronavirus and investors may want to reevaluate whether to own their stocks, CNBC’s Jim Cramer said Tuesday. “Social distancing is going to be the answer why you have to sell certain stocks,” Cramer said. For companies that need to invest heavily to help
A restaurant employee wearing a protective mask poses behind the counter amid the coronavirus pandemic on April 28, 2020 in New York City. Alexi Rosenfeld When it comes to the economic fallout from the coronavirus pandemic, many young professionals are asking, “Will I still have a job?” And no wonder, as 63% of young Americans
U.S. President Donald Trump speaks to reporters as Senator Roy Blunt (R-MO) and Small Business Administration (SBA) Administrator Jovita Carranza look on during a signing ceremony for the “Paycheck Protection Program and Health Care Enhancement Act,” approving additional coronavirus disease (COVID-19) relief for the U.S. economy and hospitals treating people sickened by the pandemic, in
As many states are re-opening for business, sobering estimates about the potential spread of Covid-19 in the U.S. are emerging. An interagency report from the U.S. departments of Homeland Security, and Health and Human Services projected the number of coronavirus deaths will increase to about 3,000 each day by early June. The analysis also reportedly
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Online furniture retailer Wayfair‘s net loss widened in the first quarter as its sales surged nearly 20%, with more people flocking to its website to furnish their home offices and bedrooms during the coronavirus pandemic. Its shares were down more than 3% in premarket trading following the announcement. Here’s
Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – The drugmaker and partner BioNTech (BTNX) have begun the first U.S. trial of their experimental coronavirus vaccine. If successful, the vaccine could potentially be ready for U.S. distribution by the end of the year. Alaska Air (ALK) – The airline
Self-made millionaire Barbara Corcoran has “the best people skills” of all the investors on ABC’s “Shark Tank,” according to her co-star on the show, Mark Cuban. “Her ability to recognize the good and bad in somebody, what they’ll be like as an entrepreneur, what they’ll be like as a person – Barbara picks up on
CNBC’s Jim Cramer said Monday that legendary investor Warren Buffett gave “no hope near term” in his annual shareholders meeting on Saturday with his sale of airline stocks. “Buffett’s overview on airlines really does make me very concerned about the near term,” Cramer said on “Squawk on the Street.” The billionaire investor said Saturday that
Allison Tom, 50, and Dylin Redling, 49, recommend automating as much as possible Source: Dylin Redling Life is hard enough these days. Don’t let handling money add to the burden of the difficult life we’re all living. Whether you have enough money or not, streamlining your finances will lighten everything. You can cut through the
Pharmaceutical companies continue to make headlines as governments and investors hang their hopes on a steady recovery from the Covid-19 pandemic. Gilead Sciences CEO Daniel O’Day said Sunday the company would be donating its entire supply of remdesivir to treat coronavirus patients. Roche Chairman Christoph Franz said the drugmaker will invest more than $437 million in a