Democratic 2020 U.S. presidential candidate Senator Bernie Sanders marches with student supporters to an on-campus polling place for early voting at Winston-Salem State University in Winston-Salem, North Carolina, February 27, 2020. Jonathan Ernst | Reuters Bernie Sanders’ campaign says it raised $46.5 million in February, a staggering influx that leaves the Vermont senator flush with […]
Tag: business news
Trump criticizes Fed, calls for lower rates amid coronavirus fallout
Donald Trump and Jerome Powell Getty Images President Donald Trump on Saturday doubled down on his criticism of the Federal Reserve and what he sees as its reluctance to lower interest rates in the midst of coronavirus fears and its potential impact on the American economy. “Our Fed should start being a leader,” Trump said […]
Trump considering travel restrictions at US southern border over coronavirus
Cars line up to cross the US/Mexico border to San Diego at San Ysidro port of entry, in Tijuana, Baja California state, Mexico , on February 13, 2020. GUILLERMO ARIAS President Donald Trump on Saturday said his administration was also considering restrictions at the U.S.-Mexico border, after he authorized new restrictions on travel with Iran […]
Amazon sellers scramble to keep products in stock amid coronavirus
A woman wears a masks in Chinatown following the outbreak of the novel coronavirus, in Chicago, Illinois, U.S. January 30, 2020. Kamil Krzaczynski | Reuters For Zev Bernard, who sells baseball and softball equipment on Amazon, February tends to be one of the busiest times of the year, with athletes, coaches and fans gearing up […]
Coronavirus live updates: France bans large gatherings
A couple wearing a mask in front of the Eiffel Tower. NurPhoto This is a live blog. Please check back for updates. All times below are in Eastern Standard time. Total confirmed cases: More than 85,000 Total deaths: At least 2,933 9:45 am:Â Britain reports number of coronavirus cases has risen to 23 The number of […]
Elon Musk says ‘the fighter jet era has passed’
Elon Musk, founder of SpaceX, speaks with US Air Force Lieutenant General John Thompson, commander Space and Missile Systems Center commander at Space Pitch Day in San Francisco, California. US Air Force ORLANDO, Fla., — Tesla and SpaceX CEO Elon Musk predicted Friday that the future of war would be carried out by autonomous drones […]
The Dow just lost 12% in one week. Here’s why and what likely happens next
The U.S. stock market suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities. The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the week, respectively, marking their worst weekly performance since the financial crisis. The 30-stock Dow posted its […]
US stocks erase $3.18 trillion in value this week amid coronavirus tailspin
The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices. The equity benchmark lost $203 billion in value on Friday, adding to its $2.997 trillion loss from Monday to Thursday, the firm’s Senior Index Analyst Howard Silverblatt told CNBC. The S&P 500 index has […]
Elliott Management’s Paul Singer seeks to replace Twitter CEO Jack Dorsey, source says
Paul Singer David A. Grogan | CNBC Elliott Management founder and billionaire investor Paul Singer is seeking to replace Twitter CEO Jack Dorsey, a person familiar with the matter told CNBC Friday. Bloomberg first reported the story on Friday. Twitter did not immediately respond to a request for comment from CNBC. Elliott is pushing for […]
Mortgage rates just hit 8-year low
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images As coronavirus fears send bond yields tumbling, the average rate on the popular 30-year fixed mortgage fell Friday morning to 3.23%, an 8-year low, according to Mortgage News Daily. The 30-year fixed loosely […]
