BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. “I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19,” Fink said
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Sarah Provan The coronavirus pandemic has driven sales at Bunzl as Covid-related masks, sanitisers, gloves and disinfectants flew off the shelves during weeks of national lockdown. Sales of the top eight coronavirus products, which are mostly its own brand, contributed 17.5 per cent of growth – more than offsetting a 9.5 per cent decline in
U.S. equity markets ripped higher to start the week, continuing the trend that has been in motion for the past several weeks as the mega-cap stocks rallied around 5% or more, pulling all indexes higher. The energy sector was the only non-participant in today’s rally as oil prices fell given the resumption of production on
Moscow has denied a Trump administration official’s claims that Washington has an agreement in principle for a new nuclear arms control deal with Russia, dealing a blow to the campaign’s efforts to score foreign policy wins ahead of next month’s presidential election. Sergei Ryabkov, Russia’s deputy foreign minister who attended talks with President Donald Trump’s
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: 93 cents a share, a 55% decline from a year earlier, according to Refinitiv. Revenue: $17.2 billion,
Former US secretary of state and ambassador to the UN Madeleine Albright has championed Democratic politicians her entire political life and it is no surprise to read her condemnation of President Donald Trump (Opinion, October 12). She sees the world through eyes that perceive no harm in perpetuating the international security architecture designed in 1945.
46.1 The latest reading of the New York City Recovery Index out of a possible score of 100. Editor’s note: Below you’ll find the week 10 release of the NYC Recovery Index, originally published Oct 5, 2020. Visit the NYC Recovery index homepage for the latest data. As New York City braces itself for a potential second
The coronavirus crisis will wreak “lasting damage” on people’s living standards across the world and taxes on the rich and on companies may have to rise to address this economic harm, the IMF has warned. The pandemic will leave significant scars on the global economy in the form of job losses and bankruptcies and whole
Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018. Janvhi Bhojwani | CNBC JPMorgan Chase posted earnings that beat analysts’ estimates for the top and bottom line. The stock edged higher by 1.9% in early trading. The bank posted third-quarter profit of $9.44
Germany’s population shrank for the first time in a decade after the coronavirus pandemic triggered a sharp drop in immigration this year, accelerating the country’s recent demographic slowdown, according to data published on Tuesday. The number of people living in Germany fell by 40,000 in the first six months of this year to 83.1m, which
The capital adequacy of banks is tightly regulated worldwide in order to better ensure the stability of the financial system and the global economy. It also provides additional protection for depositors. In the United States, banks are regulated at the federal level by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, and the Office
Shares across Asia Pacific struggled to push higher in spite of a rally on Wall Street as investor fears waned over the potential for a disputed result in the US presidential election. Japan’s Topix index edged up 0.2 per cent on Tuesday as South Korea’s Kospi dropped 0.2 per cent. China’s CSI 300 index of
Peter Wells in New York The US reported its smallest increase in coronavirus deaths in two weeks on Monday, but hospitalisations topped 35,000 for the first time in nearly six weeks. States attributed a further 284 deaths to coronavirus, according to Covid Tracking Project, down from 464 on Sunday and compared with 326 on Monday
Some insurance companies have combined with brokerage companies, banks and other financial institutions to offer their customers a wider range of services. That is certainly the case for the Canadian insurance industry, which has experienced a number of acquisitions and mergers. Below we explore the five largest Canadian insurance companies defined by their annual revenue in 2019.
Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s jumped 45% on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s,
The first confirmed case of Covid-19 reinfection in the US has added to doubts about “herd immunity” from the virus, and worried experts because the patient became more seriously ill following the second infection. A Nevada man tested positive for Sars-Cov-2, the virus responsible for Covid-19, after developing moderate symptoms in April. He then suffered
Disney has reorganised its operations to put a higher priority on streaming, days after activist Daniel Loeb urged the world’s largest media company to invest more in the business that Netflix has pioneered. Disney said it would separate content production from distribution, with an eye towards making television shows and movies to feed into its
Federal direct loans have become one of the most popular types of student loans in the U.S. for several reasons. They offer flexible repayment options, a convenient application method, and generous terms for both eligibility and allowable expenses. Understand the Limitations of Federal Direct Loans Despite these benefits, these loans have some limitations borrowers should
CNBC’s Jim Cramer said Monday there are structural forces exacerbated by the coronavirus pandemic that support continued strength in the stock market, regardless of the presidential election outcome. “I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” Cramer said on “Squawk on the Street.” “There are enough
US Senate confirmation hearings for Amy Coney Barrett, Donald Trump’s third Supreme Court nominee, kicked off on Monday morning, the first step in an accelerated push by Republicans to install her on the high court before the November election. Republicans, who control the Senate, are set to highlight her qualifications as a federal appeals court
The World Health Organization’s director-general, Tedros Adhanom Ghebreyesus, said a lack of leadership from global powers was prolonging the coronavirus pandemic as he called on the world’s biggest economies to “step up”. “If you take the whole of the UN, it doesn’t work without global leadership by the countries themselves, especially the major powers,” Mr
When a young company decides to sell stock in an initial public offering (IPO), it contacts an investment bank to manage the process. This is the team of underwriters who will help determine the price of the stock, describe and market it to prospective investors, document its financials, submit the required legal documents, and, finally,
The virus responsible for Covid-19 can survive for up to 28 days on common surfaces such as banknotes and mobile phone screens, much longer than previously thought. The study by Australia’s national science agency CSIRO found the virus survives longer at lower temperatures and on non-porous or smooth surfaces such as glass and stainless steel
A historic rally in China’s renminbi cooled on Monday after the country’s central bank made it less costly to bet against the currency. The renminbi’s onshore exchange rate fell as much as 0.5 per cent to Rmb6.7276 against the dollar after the People’s Bank of China announced on Saturday lenders would no longer be required
19.49% The median rate of interest across all credit cards in the Investopedia card database for September 2020. The median credit card interest rate for all credit cards in the Investopedia database currently stands at 19.49%, based on average advertised rates across several hundred of the most popular card offers in the market. Investopedia’s average
An employee pulls carts towards a Walmart store in Lakewood, California, July 16, 2020. Patrick T. Fallon | Bloomberg | Getty Images Boosted by fresh stimulus hopes, the markets have rallied this week. But the overall picture remains one of volatility and uncertainty. As yet no stimulus deal has actually been agreed, and with so
EU regulators are drawing up a “hit list” of up to 20 large internet companies, likely to include Silicon Valley giants such as Facebook and Apple, that will be subject to new and far more stringent rules aimed at curbing their market power. Under the plans, large platforms that find themselves on the list will
Mayors in northern England have asked MPs across the region to force the government to improve the financial support offered to people and businesses hit by local lockdown measures and prevent tens of thousands of job losses. Paying people just 66 per cent of their salary to stay at home and offering small grants to
Republican President Donald Trump and his Democratic challenger Joe Biden will square off for two nationally televised debates beginning Tuesday, Sept. 29. Current Republican Vice President Mike Pence and Democratic Vice Presidential Candidate Kamala Harris had their one and only debate on Wednesday, Oct. 7. General Rules The Commission on Presidential Debates (CPD), sponsor of
An animation shows Dream Chaser and its Shooting Star cargo module in orbit around the Earth. Sierra Nevada Corporation Sierra Nevada Corporation is best known as a private aerospace and national security contractor – but the company is investing heavily in its space systems division, especially as it sees NASA and other companies building infrastructure