Jeffrey Gundlach, CEO of DoubleLine, said on Monday the stock market could sell off again to retest the low in March as he believes investors are too optimistic about the economic recovery from the coronavirus pandemic. “I’m certainly in the camp that we are not out of the woods. I think a retest of the
Whether you’re trying to bail on your fifth video happy hour of the week or analyzing your boss’ décor on a company-wide conference, most of us have reached peak video chat fatigue. On social media, many people have been documenting the cringe-worthy moments of our new on-screen lives. (Zoom did not immediately respond to CNBC Make
Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
Ziga Plahutar If you’ve had trouble accessing the Get My Payment tool to check on the status of your coronavirus stimulus payment, you may want to try again. The IRS announced on Sunday it had made “significant enhancements” to the web portal, which first went live on April 15. The changes are aimed at creating what
A masked pedestrian walks past shuttered shopfronts in Hollywood, California on April 23, 2020. FREDERIC J. BROWN/AFP via Getty Images Many Americans collecting unemployment benefits may be wondering: Why isn’t my check bigger? The $2.2 trillion coronavirus relief package enacted last month expanded unemployment benefits in several ways, partly by increasing jobless pay by $600
UK Prime Minister Boris Johnson speaks and takes questions during a press conference in Downing Street regarding the coronavirus outbreak, on March 9, 2020. in London, England. Alberto Pezzali – WPA Pool | Getty Images The U.K.’s Prime Minister Boris Johnson said there would be no quick lifting of restrictions in the country, as he
Monty Bennett and executives from Braemar Hotels and Resorts ring the closing bell at the NYSE on April 25th, 2018. Source: NYSE Even as the U.S. small business relief program is set to reopen Monday with fresh funding, the full extent that public companies tapped the emergency facility is only now becoming clear. More than
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 19 of 30. The past few weeks have been
A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending. Even before the state shutdowns took
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 2.9 million Global deaths: At least 206,265 Most cases reported: United States (963,379), Spain (226,629), Italy (197,675), France (162,220), and Germany (157,495). The data above was compiled