As the coronavirus cases spreads around the country, small business owners are beginning to feel early impacts, such as supply-chain problems and lost sales. New data from the National Federation of Independent Business show that the current effects may be limited, but worries are big. The group found that 74% of small businesses say they
Getty Images The world’s leading forces in live entertainment have recommended that large scale events taking place through the end of March be postponed due to the coronavirus outbreak. The global task force includes Michael Rapino, the CEO and president of Live Nation Entertainment; Rob Light, managing partner and head of the music division at CAA and Jeremy
Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Gap Inc. on Thursday reported fourth-quarter earnings and sales that topped analysts’ estimates, as it announced a slew of new leadership changes. Its shares initially jumped more than 5% in after-hours trading on the news. The stock was recently up about
A chef prepares a food delivery order at Wangfujing Quanjude restaurant on March 5, 2020 in Beijing, China. Zhao Jun | China News Service | Getty Images BEIJING — In an indication of how deep the economic shock of the new coronavirus is, many of China‘s hardest-hit businesses are still struggling because their workers haven’t returned.
As the coronavirus spreads across the globe, and travel disruptions — from visas cancellations to flight suspensions — increase by the day, many people are wondering what to do about their summer holidays, if anything at all. Will the situation be worse this summer — or better? Which countries will be safe? And is flying
The U.S. stock market will drop as much as 30% from last month’s highs as global economies go into coronavirus-driven recessions, said economist Mohamed El-Erian, who correctly predicted earlier in the week the selling would continue until a bear market was reached. The former CEO of investment powerhouse Pimco said on CNBC’s “Squawk Box” on Thursday that investors should not expect a quick
Woman skydivers at sunset. Rick Neves Plummeting markets are making Roth IRAs more attractive, although not everyone can put money into these retirement accounts. Workers can save after-tax dollars in these individual retirement accounts, have them grow tax-free and then tap them free of taxes in retirement. Two events make Roths an even better deal
New York Mayor Bill de Blasio speaks to the media during a press conference at City Hall on January 3, 2020 in New York City. Eduardo Munoz Alvarez / Getty Images New York Mayor Bill de Blasio declared a state of emergency in the city on Thursday, saying large venues like Barclays Center and Madison
Market researcher James Bianco calls the Federal Reserve’s move to pump $1.5 trillion into the market the “nuclear option” to calm investors gripped by coronavirus fears. Only, it didn’t work Thursday. Instead, stocks saw their worst day since the 1987 Black Monday market crash. “Financial markets are not recovering. It’s incredible to think that a
Billionaire investor and entrepreneur Mark Cuban said Thursday that he’s adding to one of his favorite tech companies as the stock market continues its dramatic slide on coronavirus concerns. “I bought some Twitter today. I’m a long-term holder there. I owned shares going into this decline. I don’t know what’s going to happen or when, but