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US markets poised to extend losing streak as coronavirus grips global economy U.S. markets fell sharply Thursday, extending losses in the worst week since the financial crisis, after the first confirmed coronavirus case in the United States that could not be linked to foreign travel. The Dow opened down 500 points, or about 1.9 percent.
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US fourth-quarter GDP unrevised; weakness in business spending persists WASHINGTON (Reuters) - The U.S. economy grew moderately in the fourth quarter, the government confirmed on Thursday, and is facing a bumpy road in early 2020 amid the fast-spreading deadly coronavirus that has roiled financial markets. FILE PHOTO: ...
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This Is The Safest 9.7% Dividend You Can Buy At my Contrarian Income Report service, we hunt down huge dividends on the regular. Right now, our portfolio is knocking out a 6.9% average payout from 16 real estate investment trusts (REITs), stocks and closed-end funds (CEFs). We've grabbed serious ...
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Ask Larry: Will Social Security Recalculate My Benefits To Include My New Salary? Today's column addresses questions about continuing income and benefit rates, requirements for spousal benefits, when widow's benefits can become available, potential effects of low income years and reflections on a potential filing strategy. Larry Kotlikoff ...
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Best Buy Posts Strong Holiday Sales Best Buy said sales rose over the holiday season, citing strong demand for phones and appliances during a period when many traditional retailers reported lackluster results. The company said comparable sales increased 3.2% during the fourth quarter ...
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US core capital goods orders, shipments rebound in January WASHINGTON (Reuters) - New orders for key U.S.-made capital goods increased by the most in a year in January and shipments rebounded, but the signs of stabilization in business investment were likely to be tempered by the coronavirus, which is ...
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Wait for these signals to buy coronavirus-battered stocks, says BNY Mellon strategist President Donald Trump's coronavirus press conference has not stemmed the global equity slide as world-wide infections climb. Meanwhile, one patient in California is of particular concern because officials don't know where he got infected. Some believe the ...
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Goldman sees zero earnings growth for US companies this year because of coronavirus Goldman Sachs revised its earnings estimate for the year for U.S. companies to $165 per share, representing 0% growth in 2020. This is a dramatic break from the consensus forecast of Wall Street, which still calls for earnings to climb 7% this year.
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5 things to know before the stock market opens Thursday U.S. stock futures were pointing to nearly a 400-point loss for the Dow Jones Industrial Average at Thursday's open on Wall Street as coronavirus concerns intensify. That would be in down 10% from record highs correction territory. The 10-year Treasury yield ...
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Discovery Revenue Rises Slightly Amid Streaming Push Revenue rose at Discovery Inc. in the fourth quarter as the TV programmer's licensing and advertising segments posted modest growth, but the company's investment in direct-to-consumer video-streaming weighed on its bottom line. Net income at Discovery, ...
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Nokia Shares Rise on Report of Possible Mergers, Assets Sales (Reuters) - Shares in Nokia Oyj rose in a falling market on Thursday, after Bloomberg News reported that the Finnish telecom network equipment maker was considering asset sales and mergers. JPMorgan analysts wrote in the wake of the report: "If exploring ...
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US weekly jobless claims rise more than expected The number of Americans filing for unemployment benefits increased more than expected last week. The underlying trend remained consistent with solid labor market conditions. Initial claims for state unemployment benefits rose to 219,000 for the week ...
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JC Penney says sales declines expected to continue into 2020, more store closures ahead J.C. Penney's fourth-quarter earnings topped analysts' expectations, despite steep sales declines during the holiday season, the company said Thursday morning. While CEO Jill Soltau said she was encouraged by the progress the company is making, ...
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Marriott, Booking Holdings warn of virus hit as JetBlue waives cancellation fees Hotel operator Marriott said it expects a roughly $25 million hit to its monthly fee revenue from the fast-spreading coronavirus. U.S. airline JetBlue said it would drop cancellation fees, even though it doesn't serve markets hit hardest by the outbreak.
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3 Moves to Make Before Refinancing Your Student Loans If you have student loans whose monthly payments eat up an uncomfortable chunk of your income, you may be motivated to refinance that debt. Refinancing is the process of swapping one loan for another. You can do it with all types of debt -- not just student ...
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AB InBev sees a 10% hit to its first-quarter profit from coronavirus Anheuser-Busch InBev forecast a 10% decline in its first-quarter profit after a weaker-than-expected finish to 2019. The world's largest beer maker expects the coronavirus outbreak to dent its earnings. The maker of Budweiser, Corona and Stella Artois said ...
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Delta cutting flights to South Korea; JetBlue waives US change fees WASHINGTON (Reuters) - Delta Air Lines Inc (DAL.N) said on Wednesday it would temporarily cut flights to and from South Korea, citing global health concerns related to the coronavirus outbreak as U.S. airlines grapple with lagging travel demand.
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Dutch Consortium Unveils Ambitious 'Green' Hydrogen Plan THE HAGUE, Netherlands (AP) — A Dutch consortium announced an ambitious plan Thursday to create "green" hydrogen using power from a huge offshore wind farm that has yet to be built. The "NortH2" proposal by the Dutch arm of energy giant Shell, gas ...
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The US Music-Streaming Industry Grew 20% Last Year The domestic music industry continues to enjoy a resurgence that is being driven in large part by the ongoing shift toward streaming services like Spotify (NYSE:SPOT) and Apple (NASDAQ:AAPL) Music. The Recording Industry Association of America (RIAA) ...
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UPDATE 2-Seadrill says rig market recovery slowing, debt talks continue ... * Q4 EBITDA in line with companies guidance. * Core earnings seen falling in Q1 2020. * Talks with banks over $5.7 billion of loans ongoing. * First bank maturities fall due in Q2 2021 (Adds forecast, details). By Nerijus Adomaitis. OSLO, Feb 27 (Reuters) ...
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Coca-Cola: Coronavirus could limit access to ingredients for Diet Coke, other drinks Coronavirus could mean bad luck for Diet Coke lovers. Coca-Cola said on Monday that its supply chain could be disrupted as Covid-19 continues to spread. The beverage manufacturer depends on suppliers in China for certain sweeteners added to its diet ...
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Here are the biggest analyst calls of the day: Virgin Galactic, Biogen, Square, Southwest & more Morgan Stanley downgraded Virgin Galactic to equal weight from overweight. Canaccord upgraded Square to buy from hold. Morgan Stanley downgraded Revolve Group to equal weight from overweight. Barclays initiated Biogen, Merck, & Eli Lilly as ...
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Air New Zealand unveils economy-class sleeping pods [vemba-video id="transportation/2020/02/26/air-new-zealand-sleeping-pods-lon-orig-bks.cnn"]. By Karla Cripps | CNN. There are people who can sleep anywhere, any time, in any position — including upright in an economy-class airplane seat. And then ...
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Tesla's stock on track to open in bear-market territory Shares of Tesla Inc. TSLA, -2.64% dropped 6.1% in premarket trading Thursday, which puts them on track to open in bear-market territory. The stock, which has tumbled 13.6% over the past three sessions, as the global coronavirus outbreak has stoked fears ...
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Powerball results for 02/26/20; jackpot worth $70M, big winner sold in New York LANSING, MI – The Powerball jackpot continues to grow as there was no winner of the $70 million jackpot for the drawing held on Wednesday, Feb. 26. That means the next Powerball drawing on Saturday, Feb. 29 will be worth $80 million with a cash option ...
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The Cleanest Cruise Ships in 2020 If the Coronavirus has you worried about taking a cruise, or traveling in general, you're not alone. The U.S. State Department issued a Do Not Travel advisory Feb. 2 for all of China, and advises increased caution if traveling to Japan and South Korea due to ...
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Microsoft Shares Slip After Cautioning on Coronavirus Hit To PC and Windows Revenue Microsoft Corp. (MSFT) - Get Report shares slumped lower in pre-market trading Thursday after the tech giant cautioned investors that it would not meet revenue forecasts for its Window and PC division owing to supply-chain disruptions linked to the ...
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Indian stocks hit 4-month low as virus outbreak fans pandemic fears BENGALURU, Feb 27 (Reuters) - Indian stocks ended lower for a fifth straight day on Thursday after hitting four-month lows, as fears of the coronavirus becoming a pandemic made investors flee riskier assets. The broader NSE Nifty 50 index fell 0.4% to ...
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IKEA Reduces Climate Footprint for the First Time STOCKHOLM (Reuters) - Carbon emissions throughout the full value chain of IKEA furniture fell for the first time last year, brand owner Inter IKEA said on Thursday citing increased use of renewable energy. From the production of raw materials and products ...
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Geneva watch fair canceled due to coronavirus, Baselworld still on ZURICH (Reuters) - The Watches & Wonders watch fair in Geneva will not take place this year given the spreading coronavirus outbreak, while managers of the rival Baselworld event in Basel are still evaluating the situation, organizers said on Thursday.
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Qure.ai scores $16M in funding led by Sequoia India Mumbai-based healthcare AI startup Qure.ai announced that has raised $16 million in funding led by Sequoia India and was supported by MassMutual Ventures Southeast Asia. The fresh funds will be used for geographical expansion, product portfolio ...
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Columbia Gas to plead guilty in Merrimack disaster, pay $53 million fine; parent company must leave Mass. LAWRENCE — The utility company responsible for the 2018 gas pipeline disaster in the Merrimack Valley has agreed to plead guilty to violating federal regulations and will sell off its operations in Massachusetts, helping to bring closure to a community that ...
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Sarah Rector was America's youngest black millionaire in 1913 Sarah Rector became the richest African American girl in the world in the early 1900s. She moved into a mansion at 12th Street and Euclid Avenue in Kansas City when she was 18. Facebook · Twitter · WhatsApp · SMS · Email; Print; Save. × ...
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'Corona Beer Virus' Searches Show Brewer Can't Evade Coronavirus The novel coronavirus has an unlikely victim -- one of the world's most popular beers. Corona has become the subject of memes and videos shared on social media as the toll from the virus climbs worldwide. Reports of an increase in online searches for ...
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Official photos: 2021 Volkswagen Golf GTI Volkswagen has revealed the eighth-generation version of its quintessential hot hatch, the Golf GTI, ahead of its global debut at the upcoming Geneva Motor Show. Image Credit: Supplied. 2 of 12. auto gti Considering the iconic status of the nameplate, and ...
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NY-Based K Health Raises $48M Series C For AI-Powered Primary Care Application K Health, a primary care consultant powered by artificial intelligence (AI), announced this morning it has raised a $48 million Series C round. Subscribe to the Crunchbase Daily. 14W, Mangrove Capital, Lerer Hippeau, Anthem, Primary Ventures and others ...
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Bitmain Unveils its Most Powerful Bitcoin Mining Rig Yet Bitmain may change the Bitcoin mining game again, with the upcoming shipments of Antminer S19, the newest model in the ASIC lineup. Antminer Yet to Announce Shipping, Prices for New Rig Model. Antminer S19 can quickly make the previous models that ...
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Jio doesn't have a single Chinese component, Mukesh Ambani tells Donald Trump Reliance Industries chairman Mukesh Ambani told US president Donald Trump, who was on his maiden visit to India, that Reliance Jio is the only network in the world that doesn't use a single Chinese equipment. "You're doing 4G. Are you going to do 5G ...
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This Brabus G-Wagen is ready for a UK snow day And it can help in the event of some sort of global virus too. Stephen Dobie. 27 Feb 2020. Facebook · Twitter · Google+ · WhatsApp · Mailto · Copy link. Show/hide. 0. PrevNext. Full screen. PrevNext. 1/13 ...
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Fiery Debate Ensues Over Huawei Supply Chain Risk SAN FRANCISCO — Forget the Democratic Party's presidential debates. The meandering pursuit of supply chain risk management, mixed with a heavy dose of nationalistic ferver, put-downs, and skepticism about the forces that are driving efforts to handicap ...
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Booking Holdings: Coronavirus Will Hit 1Q Results By Micah Maidenberg. Booking Holdings Inc. issued a warning about the coronavirus as it reported fourth-quarter results that beat Wall Street expectations. "While the outlook for global travel in the near term is uncertain due to the coronavirus, we will manage ...
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Jim Jones Debates Marine Veteran After Claiming That Being a Rapper Is "More Dangerous Than Going to War in Iraq" A recently resurfaced snippet of an interview where Jim Jones talks about the dangers of being a rapper outweighing the dangers of being a soldier has sparked a debate between the Harlem MC and a Marine veteran. On Tuesday (Feb. 25), the Dipset rapper ...
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VMware bakes Carbon Black, NSX into Cloud Foundation VMware Cloud Foundation - the suite the vendor advances as the best way for service providers to build private and/or hybrid clouds - has received a major update with new security capabilities from Carbon Black and NSX. At RSA 2020 conference on ...
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Tractable claims $25M to sell damage-assessing AIs to more insurance giants London-based insurtech AI startup Tractable, which is applying artificial intelligence to speed up accident and disaster recovery by using computer vision to perform visual damage appraisal instead of getting humans to do the job, has closed a $25 million ...
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