Business

CNBC’s Jim Cramer on Wednesday deciphered between what he sees as speculative and blue-chip stocks in a market that’s shaped by the coronavirus pandemic. “The whole market’s being upended by the pandemic and the lines they are shifting,” the “Mad Money” host said. “Formerly rock-solid companies are now on dangerous footing. Formerly speculative outfits have
0 Comments
A worker welding truck parts at a factory in Weihai, China, October 18, 2018. STR | AFP | Getty Images China on Tuesday said manufacturing activity expanded in June with the official Purchasing Manager’s Index coming in at 50.9. Economists polled by Reuters had expected the official manufacturing PMI number to come in at 50.4. PMI readings
0 Comments
Adenilson Souza Costa, 47 years, and his coworkers wearing protective gear carry a coffin at Vila Formosa Cemetery amidst the coronavirus (COVID-19) pandemic on May 18, 2020 in Sao Paulo, Brazil. Alexandre Schneider | Getty Images The coronavirus has now killed more than 500,000 people around the world as the number of confirmed infections exceeded
0 Comments
Mary Barra, chief executive officer of General Motors Co. (GM), left, and Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles NV, center, listen during a news conference outside the White House after a meeting with U.S. President Donald Trump, not pictured, in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images General Motors is
0 Comments
Florida’s treasurer, Jimmy Patronis, on Wednesday dismissed concerns about the impact that spikes of coronavirus cases will have on the state’s welfare and economy. “People love to come to Florida,” Patronis said in a phone interview. He said he saw an opportunity for “profit-taking” as the state benefits from what he predicts will be more
0 Comments
Connecticut Gov. Ned Lamont told CNBC on Tuesday that the leaders of Arizona and Texas, two states grappling with growing Covid-19 outbreaks, should reinstitute more aggressive containment strategies.  “I’d close down the bars,” Lamont, a Democrat, said on “Closing Bell.”  Both Arizona Gov. Doug Ducey and Texas Gov. Greg Abbott have said that a larger share of
0 Comments
Wall Street players are divided between two investment themes as investors try to gauge which way the coronavirus response and economic recovery is headed, CNBC’s Jim Cramer said Monday. The optimistic and pessimistic investors are placing opposite bets in the market, explaining why both the recession and recovery stocks both carried the market higher, the
0 Comments
The U.S reported some 30,000 new coronavirus cases on Friday, the highest number of daily infections recorded since May 1, according to data compiled by Johns Hopkins University. New cases across the country are surging faster than ever, especially in states in the South, West and Midwest. Officials are warning that some clusters of infections
0 Comments
Attorney General William Barr told the top federal prosecutor in Manhattan, Geoffrey Berman, that he is fired in a letter Saturday, amid a power struggle over who will fill one of the most important federal law enforcement positions in the nation.  The Trump administration moved Friday night to nominate Securities and Exchange Commissioner Jay Clayton
0 Comments
McDonald’s CEO Chris Kempczinski said Tuesday that the fast-food chain has created more Black millionaires than any other company but that it still has room for improvement when it comes to racial diversity. “Probably, McDonald’s has created more millionaires within the Black community than probably any other corporation on the planet, but there’s still work
0 Comments
World Health Organization Director-General Tedros Adhanom Ghebreyesus R speaks at a daily briefing in Geneva, Switzerland, on March 2, 2020. Chen Junxia | Xinhua News Agency | Getty Images The World Health Organization said on Monday that more scientists globally should investigate disease clusters to analyze what is driving infection and causing further spread, in
0 Comments
Passengers wait to disembark the plane on their arrival at Hartsfield-Jackson Atlanta International Airport in Atlanta, on April 23, 2020. Chandan Khanna | AFP | Getty Images As the U.S. economy makes further progress in recovering from the harsh blow of the coronavirus pandemic, certain industries are showing signs of recovery. Home purchases are up
0 Comments
As many U.S. states continue to lift coronavirus lockdown restrictions, some are pausing their reopenings in the face of worrisome data around new cases and hospitalizations. States like Texas, Arizona and Arkansas have seen a surge in infections, calling into question aggressive reopening strategies.  Officials at the Centers for Disease Control and Prevention said Friday
0 Comments
John David Washington and Robert Pattinson star in “Tenet,” an upcoming spy film written and directed by Christopher Nolan. Warner Bros. It seems Warner Bros. isn’t confident that movie theaters will be up-and-running and in-demand by July 17. On Friday, the studio pushed back Christopher Nolan’s spy drama “Tenet” to July 31, replacing it with
0 Comments
As U.S. states push deeper into reopening, several that were among the first to reopen have reported surges in cases and hospitalizations. Confirmed cases across the U.S. have been on a gradual rise since Memorial Day weekend, when packed beaches and crowded gatherings prompted warnings from officials. Some officials have pointed to increased testing as
0 Comments
Protesters rally at the Texas State Capitol to speak out against Texas’ handling of the COVID-19 outbreak, in Austin, Texas, Saturday, April 18, 2020. Eric Gay | AP Texas reported a record number of coronavirus hospitalizations Monday — weeks after Gov. Greg Abbott took the lead among governors in easing social distancing measures across to help
0 Comments
An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS American Airlines has recently detailed severance packages for high-level employees if they are laid off when the terms of federal aid expire in the fall, people familiar with the matter said.
0 Comments
As the global death toll of Covid-19 surpasses 390,000, the spread of the virus continues to accelerate in parts of Latin America and Eastern Europe, according to the World Health Organization. Daily new confirmed cases are pushing new highs, according to data compiled by Johns Hopkins University, with an all-time high of 130,400 new cases
0 Comments
Public health specialists are reviving conversations about a potential vaccine, as mass protests following the death of George Floyd while being subdued by police continue in many U.S. cities.  White House health advisor Dr. Anthony Fauci said Tuesday he’s concerned about the “durability” of a potential coronavirus vaccine, adding that there’s a chance it might not provide
0 Comments