Check out the companies making headlines before the bell: SeaWorld Entertainment – The theme park operator reported a quarterly loss of 72 cents per share, 2 cents wider than expected, while revenue fell below estimates. SeaWorld closed its parks in mid-March due to the coronavirus outbreak, but said it remains confident in the resiliency of
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A health worker processes a Covid-19 antibody test for a patient at the Diagnostic and Wellness Center in Torrance, California, on May 5, 2020. Valerie Macon | AFP | Getty Images Medical experts say that consumers will need to test themselves in huge numbers for Covid-19 at home in order for the economy to safely
Here’s an inside look at the United States Army’s intense 22-week basic training known as OSUT, which stands for One Station Unit Training. Senior Video Correspondent Graham Flanagan spent four days at the Army’s Maneuver Center of Excellence located inside the Fort Benning military installation near Columbus, Georgia, where he observed different companies at various
Mehmet Ali Ozcan | Anadolu Agency | Getty Images A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors. Bitcoin crossed $10,000 on Friday morning Singapore time, the first time it has hit that price
US President Donald Trump speaks about COVID-19, known as coronavirus, after signing a Proclamation in honor of National Nurses Day in the Oval Office of the White House in Washington, DC, May 6, 2020. Saul Loeb | AFP | Getty Images The White House is weighing a second Tax Day delay, according to NBC News.
Couples wearing face masks amid concerns over the COVID-19 novel coronavirus walks through a market in Seoul on April 22, 2020. Ed Jones | AFP | Getty Images The tulips were blooming in Seoul and Dr. Jerome Kim was strolling in his government-issued KF-94 mask with his wife when he got a text message alerting
The coronavirus pandemic has forced schools to shut their doors and forced students to take their classes — and exams — online. This year, some 3.4 million students are registered to take AP Exams, which are designed to test high school students’ understanding of college-level material, online between May 11 and May 22. With schools across
An airline pilot walks in front of a Tripadvisor store in Toronto Pearson airport. (Photo by Geovien So/SOPA Images/LightRocket via Getty Images) Geovien So | SOPA Images | LightRocket via Getty Images Check out the companies making headlines after the bell. Booking Holdings — The travel booking service’s stock whipsawed in extended trading after the
Peloton machine Source: Peloton Many on Wall Street were convinced the usual playbook would occur when this market and economic downturn hit. Bubble-like tech stocks that led the way up would get crushed as a bear market exposed their hype and sent stock speculators scrambling. But the opposite has happened. The names skeptics used to
A Boeing 747 cargo freighter belonging to the Atlas Air flies into the clouds after lifting off from Hong Kong International Airport, on 23 October 2017, in Hong Kong, Hong Kong. S3studio | Getty Images Not all airlines are reeling from the coronavirus pandemic. Cargo airlines are cashing in on rush for medical supplies and
Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic. “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how
Jeff Lawson Abigail Stevenson | CNBC Twilio shares were up as much as 25% in extended trading on Wednesday after the company reported first-quarter results and quarterly guidance that surpassed analysts’ estimates. The company’s shares exceeded the $149.95 record close from July 2019. The company reported: Earnings: 6 cents per share, adjusted Revenue: $364.9 million Revenue grew
As the financial strain on the families of college students worsens, there’s one measure few schools have considered until now. A number of colleges are freezing tuition in hopes of attracting more students and families struggling with the weight of a higher-education tab. In the face of Covid-19, the College of William & Mary said it
As the widespread economic fallout of the coronavirus continues to impact the financial health of everyday Americans, more homeowners are asking for help. By the start of May, close to 4 million borrowers were already in either government or bank forbearance programs, choosing to delay their mortgage payments for at least 90 days. This number
Shares of Moderna surged by more than 16% in premarket trading Thursday after it announced that the Food and Drug Administration cleared its coronavirus vaccine for phase 2 trial, what the company called a “crucial step.” Moderna said it will begin phase 2 trials with 600 participants shortly and is finalizing plans for a phase 3 trial
Take a look at some of the biggest movers in the premarket: Raytheon Technologies (RTX) – The defense contractor reported quarterly profit of $1.78 per share, beating the consensus estimate of $1.22 a share. Revenue also beat forecasts and Raytheon said it would not provide a financial outlook at this time due to pandemic-related uncertainty.
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters With one-third of S&P 500 companies declining to provide guidance, picking winners and losers has become a very delicate business. How
Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton‘s revenue surged 66% during the fiscal third quarter, as more people purchased its fitness equipment and tuned into its live classes, to try to break a sweat while stuck at home
Budweiser beer bottle labels during a Anheuser-Busch InBev NV news conference in Hong Kong, China, on Tuesday, Sept. 17, 2019. Kyle Lam | Bloomberg | Getty Images Anheuser-Busch InBev, the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, while noting some improvement in China. The
rmbarricarte When John Vogt, Jr. wondered where his stimulus check was, he was shocked to find out that he was not eligible for one. Vogt, 49, of Bronx, N.Y., is a fourth-generation American. In July, he married to a woman who is a Brazilian citizen. This year, they filed a joint tax return as a
One of the world’s leading authorities on Asia is worried Wall Street is miscalculating China’s efforts to reopen its economy. While it’s going relatively smoothly on the supply side, Yale University senior fellow Stephen Roach warns the demand side is struggling, and that’s a bad sign for the U.S. economy as it begins reopening. “Chinese consumers
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana tumbled double digits during after-market trading following the auto retailer reporting a net loss of $183.6 million during the first quarter. The company’s loss widened by 122.3% compared to it losing $82.6 million during the first quarter of 2019. The used-car e-commerce platform reported
Flight attendants talk in a nearly empty cabin on a Delta Airlines flight operated by SkyWest Airlines as travel has cutback, amid concerns of the coronavirus disease (COVID-19), during a flight departing from Salt Lake City, Utah, April 11, 2020. Jim Urquhart | Reuters A lobbying group representing U.S. airlines on Wednesday said federally mandated
Lyft co-founder Logan Green Richard Drew | AP Lyft shares shot up as much as 17% after hours as the company reported Q1 revenue and rider numbers that beat expectations. Here’s how the company did: Loss per share: $1.31 Revenue: $955.7 million Active riders: 21.2 million Revenue per active rider: $45.06 Wall Street was expecting an adjusted loss
April was the best month in Papa John’s history, CEO Rob Lynch told CNBC’s Kate Rogers on Wednesday. The pizza chain saw a nearly 27% increase in comparable sales for North America during the month as the coronavirus pandemic continued to upend daily life. However, Lynch said the Covid-19 outbreak isn’t the singular factor behind the
Chicago-based millennial Alex Sanchez earned more than $230,000 last year. The bulk of his income came from his day job: He works about 60 hours a week as an overhead lineman for an electrical utilities company. Between his $120,000 base salary, $10,000 annual bonus and overtime pay, he makes more than $200,000. The 25-year-old also brings
People walk past the New York Times building on October 14, 2019 in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis | Getty Images The New York Times Company said Wednesday it expects advertising revenue to fall between 50-55% year-over-year in the second quarter as impacts of the pandemic are hitting demand for
Sarah Whitten | CNBC Consumers stocked up on board games, not Barbie dolls, amid the coronavirus pandemic, sending Mattel’s sales in the first quarter tumbling. While toy sales across the industry rose 7.6% between January and March, according to NPD data, it seems that lockdowns aren’t giving all toymakers a boost. On Tuesday, Mattel reported
CNBC’s Jim Cramer said Wednesday that investors cannot ignore the rising popularity of plant-based meat products. “This movement is happening. You’ve got to get on the bus or … get left behind,” Cramer said on “Squawk on the Street.” Cramer acknowledged there are not huge sales just yet for a company like Beyond Meat, which after-the-bell Tuesday
For undergraduates studying at home amid the coronavirus pandemic, college isn’t what it used to be. However, it costs just the same. While a number of colleges and universities are offering refunds of fees and room and board, the reimbursement policies vary from school to school — and nearly all of them have drawn the line at tuition. As
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