This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: More than 95,000, according to data compiled by Johns Hopkins University. Global deaths: At least 3,250, according to data compiled by Johns Hopkins University. US cases: At least 138, according to data compiled by Johns Hopkins University. US deaths:
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American clothing and accessories retailer American Eagle store seen in Tokyo. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | Light Rocket | Getty Images Check out the companies making headlines after the bell. American Eagle Outfitters — The clothing retailer’s stock was up 5% in extended trading after the company
Thomas Barwick The group that oversees certified financial planners is making it tougher for consumers looking for a new advisor to find out how a particular CFP gets paid. The CFP Board of Standards — a nonprofit that governs the CFP designation, held by 86,000 financial advisors in the U.S. — erased a part of its
Having $1 million in the bank has often been considered the gold standard of retirement savings. In some places, that kind of stash can stretch over 40 years. But in higher-priced cities, it may only last a decade — or less. Considering that Americans, as a whole, aren’t saving nearly enough for retirement, GoBankingRates measured how far $1
Jim Cramer Adam Jeffery | CNBC CNBC’s Jim Cramer said that the Federal Reserve‘s emergency interest rate cut on Tuesday morning makes him more concerned about the possible economic risks from the coronavirus. “It’s great that the Federal Reserve recognizes that there’s going to be weakness, but it makes me feel, wow, the weakness must
Bentley Mulliner Bacalar Bentley Bentley on Tuesday unveiled the all-new Mulliner Bacalar, a roughly $2 million two-seat, open-air luxury sports car that features 5,000-year-old wood in its interior dashboard. The iconic British automaker, which is owned by Volkswagen, is describing the car as the “rarest two-door Bentley of the modern era.” The company is only producing
Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric on Wednesday reiterated its 2020 cash and profit targets but warned its first-quarter cash flow would take a hit of $300 million to $500 million due to the coronavirus outbreak. Shares of GE, which employs thousands of workers in China and had been seen
The silhouettes of travelers are seen walking past United Continental Holdings Inc. and Delta Air Lines Inc. planes at Ronald Reagan National Airport in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images U.S. airline CEOs and the industry trade group are scheduled to meet with Vice President Mike Pence in Washington D.C. on Wednesday,
Check out the companies making headlines before the bell Wednesday: Amazon (AMZN) — An employee in Amazon’s “Brazil” office in downtown Seattle tested positive for the coronavirus. ″We’re supporting the affected employee who is in quarantine,” Amazon told CNBC. General Electric (GE) — The industrial giant said it expects the coronavirus outbreak to shave off between $300
In the small town of Nürburg, Germany sits the legendary race track they call “The Green Hell”. It’s the Nürburgring. Between its terrifying twists, blind corners and drops, the Nürburgring remains the ultimate driver’s challenge. The Nürburgring is an iconic 93-year-old, 13-mile race track, and arguably the world’s most dangerous. The Nürburgring is actually composed
With $3.6 trillion in assets indexed to it, the S&P 500 is one of the most important indices in the world. It’s a reflection of the US large cap stock space. But how is it actually constructed? FT data journalist Brooke Fox breaks it down. ► Check out our Community tab for more stories on
Love him or hate him, Softbank’s Masayoshi Son is shaking up Silicon Valley and global investing. He once lost more money than anyone has ever lost in history, but has since recovered to make some of the world’s most successful tech investments. Video by Robin Fall
Cigar aficionados argue that smoking cigars isn’t just about enjoying the flavor, aroma and the ritual but it’s also a great way to create lasting relationships.
Zelma Brezinska / EyeEm New York’s new ban on plastic bags is, on its face, an effort to reduce consumer waste. It likely also offers an important lesson on consumer psychology and how we think about money. As of Sunday, most businesses in the state can no longer offer single-use plastic bags to consumers. Several
Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. Susan Walsh | AP The market’s disregard for the Federal Reserve’s emergency interest rate cut doesn’t surprise Josh Brown, who called the decision “ill thought out.” “This is to make people feel better. OK, fine. So then do it the
When it comes to real estate, $1 million doesn’t go as far as it used to — especially in the world’s top cities. In Monaco, the world’s most expensive city on a per-square-foot basis, $1 million gets you 162 square feet of prime real estate, according to a report from real estate brokerage firms Douglas Elliman
Dina Rudick | The Boston Globe | Getty Images Kohl’s shares rose Tuesday morning as the retailer reported quarterly earnings and net sales that beat analysts’ expectations. CEO Michelle Gass said the chain saw an “acceleration of traffic,” and new customers in stores and online, with Kohl’s launching a slew of new brands ahead of
Passengers arrive at LAX from Shanghai, China, after a positive case of the coronavirus was announced in the Orange County suburb of Los Angeles, California, January 26, 2020. Ringo Chiu | Reuters North Carolina health officials confirmed the state’s first COVID-19 case — a patient from Wake County who traveled to Washington state. Local health
A pedestrian carries a Nordstrom shopping bag in Chicago. Christopher Dilts | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the fashion retailer dipped 8% in extended trading after the company missed analysts’ expectations on both earnings and revenue for the fourth quarter. The company reported earnings
There could be a tug of war brewing over which standard financial professionals should follow when they provide advice or sell products such as annuities to individual investors. The Securities and Exchange Commission is unveiling a new regulation, called Regulation Best Interest, which requires broker-dealers and professionals associated with them to keep their clients’ best
JGI/Jamie Grill Just because you’re due a tax refund, it doesn’t necessarily mean you’ll get it. As we approach the middle of tax season, the IRS has been doling out money to those who overpaid. The federal agency has issued 37.5 million refunds, with checks averaging $3,125, according to IRS data for the week ending
As fears from Ebola and a global slowdown spread, stocks plunged on October 15, with the Dow falling more than 400 points during the afternoon before recovering slightly. Getty Images The market could see a pop this week after last week’s steep sell-off, based on simple historical analysis. Though the coronavirus remains a developing health
Elon Musk speaks onstage during the E3 conference in Los Angeles on June 13, 2019. Charley Gallay | Getty Images Elon Musk jumped to the defense of fellow tech billionaire Jack Dorsey late Monday, as the latter faces pressure from an activist investor to step down as the CEO of Twitter. “Just want to say
A Target store in Culver City, California. Mark Ralston | AFP | Getty Images Target on Tuesday outpaced fourth-quarter earnings expectations, but revenue fell short because of weak sales of toys, electronics and home goods over the holidays. Shares were up fractionally in premarket trading. Here’s what Target reported compared with what analysts were expecting, based
A woman wears a face mask as she waits on the subway after the first confirmed case of coronavirus was announced in New York State in New York, March 2, 2020. Andrew Kelly | Reuters This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: At
Check out the companies making headlines in the premarket Tuesday: Target — Target shares dipped about 0.8% in the premarket after the retailer reported disappointing revenue figures. The company posted revenue of $23.4 billion for the previous quarter. That’s slightly below a Refinitiv estimate of $23.5 billion. Same-store sales — a key metric for retailers
The New York Knicks are valued at $3.6 billion, the highest valued team in the NBA for 3 straight years. But the basketball team has posted 5 straight losing seasons. The franchise gets its value off the court from fixed revenues from Madison Square Garden and TV revenue. Following is a transcription of the video: Narrator:
►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Rohit Jaggi, the resident aviation columnist at the Financial Times, takes to the sky aboard a King Air 350i test flight. The King Air 350i, the latest model to come out of the Hawker Beechcraft stable, is shipped with PT6 turbine engines complete with front mounted propellers.
June 8 — Gary Leffew is a world-champion bull rider who has been training the top competitors in the field for over three decades. For a small fee, amateur riders can spend a weekend learning from Leffew and his team and see how they fare on top of an angry, one-ton beast. (Video by Zach
CNN’s Jon Sarlin explains why companies panic when Amazon enters their markets and what unexpected opportunities that can bring.
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