Javon Kinlaw is part of an incredibly exclusive club, as one of just a handful of college football players who are expected to be early first-round selections when the 2020 NFL Draft kicks off on Thursday night. But Kinlaw’s story becomes even more unique than his fellow soon-to-be NFL draft picks when you consider just
As smaller investors pile into the risky and troubled United States Oil Fund, hedge funds are taking the other side of that trade and making a lot of money. As the fund, which trades under the ticker USO, plunged 75% in the last two months, those who bet against it by short selling pocketed hundreds
CNBC | Jaden Urbi On March 25, the Trump administration announced that during the coronavirus pandemic it would stop garnishing the wages of struggling student loan borrowers. “These are difficult times for many Americans, and we don’t want to do anything that will make it harder for them to make ends meet or create additional
Food Network star Willie Degel said Thursday he does not plan to immediately open his restaurant in Georgia when the state’s coronavirus-related restrictions on his business are relaxed next week. “Being that we’re more of a middle-serve, finer-dining restaurant, I’m going to wait on the sidelines and see how the customers are reacting,” Degel said
Ruth’s Chris Steakhouse Source: Ruth’s Chris Steakhouse Ruth’s Chris Steakhouse owner, Ruth’s Hospitality Group, announced Thursday that it is repaying the $20 million it received under the federal government’s Paycheck Protection Program. “We intended to repay this loan in adherence with government guidelines, but as we learned more about the funding limitations of the program and
An employee places a pizza box onto a shelf at a Domino’s Pizza Inc. restaurant in Chantilly, Virginia. Andrew Harrer | Bloomberg | Getty Images Domino’s Pizza on Thursday said U.S. same-store sales continued to grow a month into its second quarter, even as the coronavirus pandemic roils the restaurant industry. The company’s U.S. same-store sales grew
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
When Jyri Engestrom, a 42-year-old entrepreneur who runs a small early stage venture fund in San Francisco, California, read an article in the Guardian newspaper about an Italian village that tested its entire community for the novel coronavirus and was reportedly able to eradicate the virus by doing so, he was inspired. Engestrom wanted to do
Steven Eisman, senior portfolio manager at Neuberger Berman. Katie Rooney | CNBC Renowned investor Steve Eisman said Thursday U.S. banks are an attractive investment following the coronavirus-induced market sell-off. “I actually think long-term, the best cyclical play out there are the very large banks,” Eisman, senior portfolio manager at Neuberger Berman, told CNBC’s “Fast Money.”
(Credit: Getty | PeopleImages) When the government launched a web tool on April 15 so that eligible Americans could find out the status of their coronavirus stimulus payments, Jake Koepke was eager to log on. But the central Wisconsin resident, 34, was disappointed to find himself shut out after three failed attempts to get onto