Traders work on the floor at the New York Stock Exchange, March 2, 2020. Brendan McDermid | Reuters The world economy will bounce back quickly from the coronavirus outbreak, and investors should buy into cyclical stocks to catch the comeback, a top JPMorgan strategist said. The hit to the global economy during the first quarter
US President Donald Trump makes his way to board Marine One before departing from the South Lawn of the White House in Washington, DC on March 2, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump is giving away part of his salary to help stop coronavirus, and he just might be able
People wearing protective masks sit with a Minnie Mouse balloon inside the departure hall at West Kowloon Station, operated by MTR Corp., in Hong Kong, China, on Tuesday, Jan. 28, 2020. Justin Chin | Bloomberg | Getty Images The spread of coronavirus and cutbacks in domestic and international airline schedules continue to raise concerns and
Eric Yuan, CEO, Zoom Video Communications Source: CNBC Shares of videoconferencing software company Zoom dropped as much as 10% and then pared back part of its losses in extended trading on Wednesday after the company reported earnings and guidance that exceeded analysts’ expectations. Zoom had been on a tear during the coronavirus outbreak, as companies
A visitor holding a revolver by US manufacturer Smith & Wesson (S&W) at the IWA OutdoorClassics trade show for hunting, shooting sports, equipment for outdoor activities and for civilian and official security applications. Daniel Karmann | picture alliance | Getty Images Check out the companies making headlines after the bell. American Outdoor Brands — The gun
Wall Street Democrat Roger Altman told CNBC on Thursday that the stock market’s reaction to Joe Biden‘s resurgence in the Democratic presidential primary is because his chief rival, Sen. Bernie Sanders, is viewed as unelectable. “The greater the extent that Biden is seen as the Democratic nominee, I think investors will be comforted,” Altman said
Greycroft chairman Alan Patricof said Thursday the recent market pullback was a “blip” and that investors should remain calm. “This is a blip, and we’ve seen a lot of blips in the last 20 years,” Patricof said on CNBC’s “Closing Bell.” Stocks sold off dramatically again on Thursday, continuing a volatile period of trading that
sturti | Getty Images If your phone rings and someone says it’s the Social Security Administration, it probably isn’t. By now, you may have received one of those calls, or know someone who has. And because these scams, which try to dupe unsuspecting individuals into coughing up money are becoming more prevalent, the government is
Gary Jones, the newly-elected President of the United Auto Workers (UAW), addresses the 37th UAW Constitutional Convention June14, 2018 at Cobo Center in Detroit, Michigan. Bill Pugliano | Getty Images DETROIT — Former United Auto Workers President Gary Jones was charged with embezzlement and defrauding the U.S. government as part of a multiyear corruption probe into
A woman wearing a protective face mask to prevent contracting the coronavirus enters a subway station in Milan, Italy, March 4, 2020. Guglielmo Mangiapane | Reuters First quarter U.S. earnings estimates have been declining since coronavirus concerns became known toward the end of January, but Europe — now the cutting edge of the coronavirus epidemic