Passengers wear face masks to protect against the spread of the Coronavirus as they arrive on a flight from Asia at Los Angeles International Airport, California, on January 29, 2020. Mark Ralston | AFP | Getty Images All times below are in Eastern time. 8:15 am: Cruise ship hold 6,000 passengers near Italy Costa Cruises […]
Tag: business news
Mike Bloomberg’s Super Bowl ad focuses on gun control
Democratic presidential candidate Mike Bloomberg gives the thumbs up as he embarks on his bus after speaking to supporters at the Viva Villa restaurant in San Antonio, Texas on January 11, 2020. Mark Felix | AFP | Getty Images Presidential candidate Mike Bloomberg released his 60-second Super Bowl ad on Thursday morning, and it focuses […]
Bank of England holds key interest rate steady
Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images The Bank of England (BOE) on Thursday held interest rates following Governor Mark Carney’s final monetary policy meeting. Sterling jumped 0.5% against the dollar to trade at around $1.3084 after the central bank’s Monetary Policy Committee (MPC) […]
Tesla won’t raise capital, will focus on battery cost
Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Tesla shares extended their rally on Wednesday, rising more than 11% after market hours following better-than-expected results for the last quarter of 2019. On an earnings call to discuss the […]
Fourth quarter GDP could show economy entered a slower growth patch at year-end
Economic growth in the final quarter of the year is expected to be on par with the third quarter’s 2.1%, but it is also likely to herald the start of a slower trend that could continue through the first half of this year. Fourth quarter growth is expected to have been 2.1%, according to Dow […]
Powell says he’s not trying to boost stocks, comments on coronavirus
Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the January 28-29 Federal Open Market Committee meeting, in Washington, DC on January 29, 2020. Mandel Ngan | AFP | Getty Images (This is a live blog. Check back for updates.) 3:07 pm: What the trade deals mean for economy “The fact that […]
December pending home sales fall a wider-than-expected 4.9%
Pending home sales, which measure signed contracts, not closings, dropped 4.9% in December compared with November, as the supply of homes hit a record low during the month. Sales were projected to rise 1% month to month. December is historically the slowest month of the year in the housing market. Despite the month-to-month drop, though, […]
Boeing CEO says he’s confident regulators will sign off on 737 Max by mid-year
Boeing’s new CEO, David Calhoun, told CNBC on Wednesday that he’s confident that regulators will permit the 737 Max to return to service by the middle of 2020. Last week, Boeing gave airlines and suppliers that same timetable, which was months later than the company previously expected. “Mid-year is what we think we can do,” […]
Trump praises Van Drew, rips impeachment in New Jersey campaign rally
President Donald Trump speaks at an evening “Keep America Great Rally” at the Wildwood Convention Center on January 28, 2020 in Wildwood, New Jersey. Spencer Platt | Getty Images WILDWOOD, N.J. — President Donald Trump praised Rep. Jeff Van Drew, the newest Republican in Congress, as he denounced Democrats’ impeachment efforts during a raucous campaign […]
Here’s how much cash Apple has on hand
Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | Getty Images Apple stock is heading into 2020 with a strong rally. Shares are up more than 7% this year and more than 100% since reporting […]
