CNBC’s Jim Cramer on Thursday highlighted multiple parts of the market where he sees stock prices rising and can continue to rise, whether lawmakers in Washington agree to another round of stimulus spending or not. American consumers and small businesses, grappling with double-digit unemployment and a pandemic-induced downturn, are waiting to see if lawmakers will
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With Amazon’s massive success today, it’s hard to imagine that Jeff Bezos started it in 1994 as an online bookseller — in a small garage where employees’ desks were made out of doors from Home Depot. Now, there’s almost nothing you can’t buy on Amazon, which begs the question: How did it become “the everything store”?
The White Lion pub seen at the Covent Garden. UK Covid-19 cases are now doubling every seven to eight days, Prime Minister Boris Johnson is considering national restrictions for a short period to “short-circuit” the virus. SOPA Images | LightRocket | Getty Images LONDON – The U.K. economy grew 2.1% in August on a monthly
Gilead Sciences will have sufficient global supply of its coronavirus treatment remdesivir by the end of October, CEO Daniel O’Day told CNBC on Friday. The comments came shortly after the publication of peer-reviewed final data from Gilead’s large-scale trial of remdesivir. It showed the antiviral drug helped Covid-19 patients who are hospitalized recover five days faster on
Online shopping is surging in the pandemic. martin-dm | E+ | Getty Images The other night, I was feeling a little more tired and burned out than usual. I smelled the candle on my desk to see if I could pick up its scent. What if I was coming down with Covid-19? I got a
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Adam Jeffery | CNBC Company: Invesco Ltd. (IVZ) Business: Independent investment management company. Invesco provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. Its
If you’re looking to buy a new fridge you may be out of luck. Earlier in the pandemic, there was a run on toilet paper. Now it seems that customers looking to buy a refrigerator are facing long waiting times as models are back-ordered across the country. There are also shortages for other major appliances including
Take a look at some of the biggest movers in the premarket: Xilinx (XLNX) – Advanced Micro Devices (AMD) is in advanced talks to buy the specialty chipmaker, according to The Wall Street Journal. People familiar with the matter say such a deal could be worth more than $30 billion, with a transaction possibly coming together
A man in a surgical mask walks through Manhattan’s Broadway Theatre district after Broadway shows announced they will cancel performances due to the coronavirus outbreak in New York, March 12, 2020. Andrew Kelly | Reuters Broadway theaters will remain closed through May. The Broadway League, a trade organization representing producers and theater owners, announced Friday
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miodrag ignjatovic Taking steps to sort out your finances, including increasing your financial knowledge, can help alleviate money stress in times of uncertainty. Financial stress is nothing new for many Americans, and the coronavirus pandemic has exacerbated anxiety for a lot of people. As many as 84% said in September that the Covid-19 crisis is
Advisors are bullish on Joe Biden, but bracing for a rocky election cycle, according to a CNBC FA 100 survey. More than a third, or 37%, of top-rated financial advisory firms said they believe the Democratic nominee will be elected as the next U.S. president, compared to 20% predicting President Donald Trump will come out
Some are calling it “a la carte stimulus,” with aid for airlines in column A, PPP aid in Column B, etc. Whatever it is, hopes for stimulus — pre-election, post-election, comprehensive package, stand-alone deal, whatever and whenever — is supporting breakouts in cyclicals like industrials, materials, consumer discretionary, and banks. Many big names like Caterpillar,
More than 637 million people traveled within China over the past week in celebration of the country’s annual “Golden Week,” the country’s government said on Friday. The government estimates domestic travelers generated around 466 billion yuan ($68.6 billion) in tourism revenue during the holiday period. Two holidays converged this year: National Day, which celebrates the founding
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing company gained more than 3% after Mizuho initiated coverage on the stock with a buy rating and $550 target. “We believe Zoom can continue to deliver outsized revenue growth due to its position as a market leader, its global
Brock Bagby, the executive vice president of B&B Theatres, next to his father Bob Bagby, the CEO. B&B Theatres B&B Theatres, the sixth largest cinema chain in the U.S., has been operating for nearly 100 years. Its owners now say it is months away from filing for bankruptcy protection. The family-owned business has 48 theaters