CNBC’s Jim Cramer, who has been warning people for weeks to lock-in some stock profits, advised investors to look for places to possibly buy in the carnage of Monday morning’s sharp market selloff. “We’re down on something that nobody really understands,” said Cramer, playing down the worries about another coronavirus lockdown in Europe. He said
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Global stocks sank on Monday, with US and European markets tumbling after sharp rises in coronavirus cases across the continent prompted concerns about new lockdowns. Wall Street opened lower on Monday, with the blue-chip S&P 500 stock index down 1.7 per cent and the tech-heavy Nasdaq Composite falling about 1.1 per cent in early trading.
Donald Trump on Monday said he would push to install a successor to Ruth Bader Ginsburg before the November election and plans to announce his Supreme Court nominee later this week. The US president said in a Fox & Friends interview that he was considering a shortlist of five candidates for the Supreme Court vacancy
The coronavirus pandemic has put government assistance programs into high relief, as many people who never needed them before are having to use them now. Here’s a descriptive list of major government assistance programs for individuals and businesses, with links to where and how to apply. Key Takeaways Many government assistance programs exist to help
HBO dominated Sunday’s Emmy awards, reinforcing the network’s long-held position as television’s creative powerhouse even as Netflix has upended the industry. The AT&T-owned network won 30 Emmy awards, including the coveted Best Drama Series category for Succession and Best Limited Series for Watchmen, in an event held virtually and without a live audience for the
Shares in HSBC dropped to their lowest level in more than 25 years after the bank was named in weekend media reports alleging international lenders had flagged trillions of dollars in transfers to US anti-money laundering authorities. HSBC’s Hong Kong-traded shares fell as much as 4.4 per cent on Monday morning to HK$29.60 ($3.82), their
The Walt Disney Co. (DIS) is a diversified global entertainment company that operates theme parks, resorts, a cruise line, broadcast TV networks, and related products. The company also produces live entertainment events, and produces and streams a broad array of film and TV entertainment content through its new digital-content streaming services. Disney faces an unusually
Boris Johnson will on Sunday consider what further steps are needed to fight “a second wave” of coronavirus cases across the UK, as his health secretary Matt Hancock said the country was at a “tipping point”. Hours after the government announced fines of up to £10,000 for those who break self-isolation rules in England, Mr
US president Donald Trump said he expected a coronavirus vaccine to be available for every American by April, a more optimistic forecast than many US government scientists. On Friday Mr Trump insisted that he often knows more about such issues than experts such as Robert Redfield, director of the Centers for Disease Control and Prevention.
Investors can trade almost any currency in the world through foreign exchange (forex). In order to make money in forex, you should be aware that you are taking on a speculative risk. In essence, you are betting that the value of one currency will increase relative to another. The expected return of currency trading is
Aside from tourism and commercial real estate, it’s hard to imagine an industry that has been as devastated by Covid-19 as retail. In the US, malls are empty. Big brand chains from J Crew to Brooks Brothers to Lord & Taylor have filed for bankruptcy. In the work-from-home era, people still buy things — computers,
Craig Hubbs loads wood into his truck at a The Home Depot store in Kill Devil Hills in the Outer Banks of North Carolina on September 11, 2018. Alex Edelman | AFP | Getty Images Dividend stocks are a critical part of an investor’s portfolio. They are also perfect for market volatility — because investors
The vast majority of growth in top incomes and taxes in the UK over the past 20 years has come from migrants, according to research based on HM Revenue & Customs tax records. The study undertaken by an academic group organised by the University of Warwick suggests that rather than low-skilled migrants taking British jobs,
If you need cash and have equity in your home, a home equity loan or home equity line of credit (HELOC) can be an excellent solution. But the tax aspects of either option are more complicated than they used to be. Interest on a home equity line of credit may be tax deductible—but there are
The EU wants to arm itself with powerful new weapons against the big technology companies. These include forcing them to break up or sell some of their European operations if their market dominance is deemed to threaten the interests of customers and smaller rivals. EU commissioner Thierry Breton told the Financial Times that the proposed
Donald Trump has given his “blessing” to ByteDance’s deal with Oracle to keep TikTok operating in the US, after he had threatened to ban the Chinese company’s popular short-video app. “I have given the deal my blessing, if they get it done that’s great, if they don’t that’s fine too,” Mr Trump said. “I approved
Companies produce three major financial statements that reflect their business activities and profitability for each accounting period. These statements are the balance sheet, income statement and statement of cash flows. The cash flow statement shows how well a company manages cash to fund operations and any expansion efforts. In this article, we’ll examine the balance sheet and
Americans are voting this year in the midst of a severe pandemic, an economic crisis, and historic civil unrest. Now, with just weeks to go until the election, a fierce Supreme Court battle looms. The death of Ruth Bader Ginsburg, the iconic liberal justice, has injected fresh uncertainty into the election. It has forced both
President Donald Trump has vowed to push ahead with a Supreme Court nomination “without delay” following the death of Ruth Bader Ginsburg on Friday night. The US president tweeted on Saturday that he considered it an “obligation” to put forward a nominee, who if confirmed would tilt the balance of the court decisively towards the
With all the talk about stimulus checks since the passage of the CARES Act, you probably want to know when yours will come and what you can do to make the process go faster. The information below will help you know what, if anything, you need to do. Key Takeaways New deadlines for non-filers and
The UK’s largest nightclub operator, Deltic Group, has enough cash to last another two months. Its chief executive, Peter Marks, has doubts the company can survive much longer. “Can we last until November? Maybe, but it’s going to be difficult,” he said. While retailers, restaurants and other UK businesses were given permission to reopen weeks
Hong Kong’s CSOP Asset Management is aiming to capitalise on a huge surge of foreign investment into China, despite US-China tensions, with the launch of a Chinese government bond exchange traded fund. FTSE Russell is due to announce next week whether or not to include China in its influential World Government Bond Index. If, as
Why Work at Google? Google (GOOG) has consistently claimed top spots on Glassdoor’s annual list of the 50 best places to work, as well as Fortune magazine’s annual list of the 100 best companies for whom to work multiple times over the years. In 2020, Google was listed as number 11 on Glassdoor’s Best Places
Chopsticks are used to carry the buds as card-carrying medical marijuana patients watch a weighing at Los Angeles’ first-ever cannabis farmer’s market at the West Coast Collective medical marijuana dispensary, on the fourth of July, or Independence Day, in Los Angeles, California on July 4, 2014 where organizer’s of the 3-day event plan to showcase
Justice Ruth Bader Ginsburg has died at the age of 87, the US Supreme Court said on Friday, leaving a vacancy on the high court just weeks before the November presidential election. Ginsburg, a liberal icon, was nominated to the court by Bill Clinton in 1993. The second woman to serve on the Supreme Court,
HM Revenue & Customs is set to be handed new powers allowing it to force financial institutions to pass on information about people’s assets without a court order or the individual’s approval. Banks, investment advisers, fund managers, credit unions, insurance companies and credit card issuers will be required to divulge information about their customers if
The one constant in the stock markets is change. Said differently, volatility is a constant companion to investors, which is why the CBOE Volatility Index (VIX) is such a widely tracked market index. Ever since this measurement of investor sentiment regarding future volatility was introduced (with futures and options following later), many investors have wondered
Chime CEO Chris Britt Source: Chime The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. That lofty figure makes Chime the most valuable American fintech start-up serving retail consumers. Robinhood, the popular
Shares of Unity Software, which provides technology to video game developers, advanced as much as 48 per cent in their public debut on Friday, lifting the valuation of the company briefly above $20bn. The first-day pop in Unity’s share price followed an initial public offering that used an unconventional process to gauge investor demand. Its
Stephan Crétier, the man behind this week’s hostile bid for the world’s biggest security group G4S, started out in life as an arbitrator rather than an antagonist. Growing up in Montreal, he became a baseball umpire as a teenager, though by his own account he never quite made it in the Major League, beyond off-season