Xueling Li, chairman of Huya Inc., center left, rings a ceremonial bell with Rongjie Dong, chief executive officer of Huya Inc., center right, during the company’s initial public offering on the floor of the New York Stock Exchange, May 11, 2018. Michael Nagle | Bloomberg | Getty Images For many Chinese companies, their dreams of
California Gov. Gavin Newsom Rich Pedroncelli | AP California Gov. Gavin Newsom announced Tuesday a guide to how Californiawill reopen society and the economy across the state as officials weigh lifting restrictive orders meant to curb the spread of the coronavirus. Newsom became the first governor to issue a statewide stay-at-home order on March 19.
Shannon Stapleton | Reuters Professional investors are heading for the sidelines while demanding that companies stop using their cash to buy back stocks and instead improve their balance sheets. The Bank of America Global Fund Manager survey for April reflects the large level of caution seen in the markets since efforts to stop the coronavirus
urfinguss | Getty Images A fight could be brewing over your coronavirus stimulus check. Your opponent could be your very own bank. If you have outstanding debts, your stimulus payments could be reduced or taken by creditors or debt collectors, in what 25 state attorneys general called a “legislative oversight” in a letter sent to
Andrew Karas founded and co-owns Asbury Park Distilling Co. in New Jersey Andrew Karas When the coronavirus outbreak began shutting down businesses, Andrew Karas had to think fast about how to survive. His business, New Jersey-based Asbury Park Distilling Co., produces spirits and distributes them to restaurants, bars and liquor stores. “It’s tough. The industry
Christine McCarthy, a nurse for over 20 years and a palliative nurse for the past year, sits for a portrait on an empty hospital bed at Massachusetts General Hospital in Boston on Apr. 2, 2020. Here at the states largest hospital, staff are coping with unprecedented realities in this coronavirus pandemic and deeply worried about what
Christine McCarthy, a nurse for over 20 years and a palliative nurse for the past year, sits for a portrait on an empty hospital bed at Massachusetts General Hospital in Boston on Apr. 2, 2020. Here at the states largest hospital, staff are coping with unprecedented realities in this coronavirus pandemic and deeply worried about what
Tractor trailers sit parked at a J.B. Hunt Transport Services Inc. facility in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. J.B. Hunt — The transportation company’s stock rose 4% in extended trading after the company beat analysts’ estimates on first-quarter revenue. J.B. Hunt reported
A JetBlue Airways Corp. plane taxis next to American Airlines Group Inc., Delta Air Lines Inc., and Alaska Airlines Inc. aircraft at Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Monday, April 6, 2020. Andrew Harrer | Bloomberg | Getty Images U.S. airlines and the Treasury Department have reached an agreement in principle on
CNBC’s Jim Cramer said that dominant U.S. companies are further solidifying their positions during the coronavirus pandemic, evidenced by the Nasdaq 100 being almost even for the year. “This is the big triumphing over the little guy and if you don’t mind making money in the market off that, that’s what’s going on,” Cramer said on “Squawk on the