Business

 U.S. stock futures ticked lower in overnight trading and pointed to modest losses at the open Wednesday, following a weak session that snapped a three-day winning streak for markets.  Fueling the volatility is uncertainty around a possible coronavirus treatment and vaccine and how economies will fare in reopening, from a health perspective.  Dow futures fell

Patrick T. Fallon | Bloomberg | Getty Images Home Depot is set to report its first-quarter earnings before the bell on Tuesday. While coronavirus restrictions have slowed or suspended construction in much of the country, Home Depot’s earnings will offer insight into the demand for do-it-yourself projects, kitchen appliances and gardening supplies as many Americans

Don Bayley | Vetta | Getty Images Retirees who feel their Social Security benefits aren’t stretching as far as they used to aren’t imagining it. Retiree costs are going up at a rapid clip, and Social Security cost-of-living adjustments are not keeping up with those growing expenses, according to a recent report from The Senior

Technicians work on machinery at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Chip gear maker Applied Materials said it expects supply chain to gain strength in the second half of the year and help it recoup sales lost due to the Covid-19 disruption, sending its shares

Certainty is always more abundant than accuracy on Wall Street. Well argued, data laden hypotheses support opinions that drive buyers and sellers. A high-profile money manager and fellow talking head, Mr. I. M. Sureofmyself, was describing his view of how the economic and health care crisis would develop and unfold over the next six to

Michael Jordan wasn’t looking to make any friends on the basketball court.  “My mentality was to go out and win, at any cost,” said the NBA legend on an episode of the “The Last Dance,” a 10-part documentary about his meteoric rise and the dynasty he built in Chicago. And that meant holding his teammates

Stocks may be coming off their worst week in about two months, but Bryn Mawr Trust’s Jeffrey Mills warns there are few bargains. He believes Wall Street isn’t accurately pricing in pain of the economic shutdowns. “We don’t love the risk-reward right now in the stock market,” the firm’s chief investment officer told CNBCs “Trading

Approximately two months after the coronavirus outbreak caused a nearly nationwide lockdown, 48 states have eased shelter-in-place restrictions — only Massachusettes and Connecticut kept strict lockdown rules in place — in an attempt to reinvigorate their local economies. An NBC News survey of 33 states and Washington, D.C., found the lockdown will cost states hundreds of billions

You may qualify for paid leave Justin Paget Qualified workers, including those telecommuting, can get two weeks of paid leave at full pay courtesy of the Families First Coronavirus Response Act. Valid reasons include being unable to work because you are under quarantine order, have coronavirus symptoms and are seeking diagnosis, or must care for

An employee tends to marijuana plants at the Aurora Cannabis Inc. facility in Edmonton, Alberta, Canada, on Tuesday, March 6, 2018. Jason Franson | Bloomberg | Getty Images Aurora Cannabis posted a smaller loss compared with the prior quarter as customers in the United States and Canada stockpiled cannabis ahead of lockdowns, sending its U.S.-listed

Consumer spending plunged by a record 16.4% in April, but one category saw a bounce: nonstore retailers. Included in this category, which saw an 8.4% month-over-month increase, is online shopping. With much of the country under shelter-in-place orders during April, consumers increasingly turned towards e-commerce giants like Amazon for their shopping needs. As the pandemic

In a press conference May 6, Gov. Andrew Cuomo said that 66% of new hospitalizations in New York for Covid-19 were people who had been staying home. “This is a surprise: Overwhelmingly, the people were at home,” Cuomo said. “We thought maybe they were taking public transportation, and we’ve taken special precautions on public transportation,

A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were flat on Thursday night following a sharp rally during the regular session as investors awaited several key data sets. Dow Jones Industrial Average futures were just below the flatline while S&P 500

Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday. Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3% after March’s reported 8.3% dive already had set a record for data going back to

Car line up at a drive-thru Three Square Food Bank emergency food distribution site at Boulder Station Hotel & Casino in response to an increase in demand amid the coronavirus pandemic on April 29, 2020 in Las Vegas, Nevada. Three Square is currently operating dozens of emergency distribution sites at various times and dates throughout

Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Cisco shares rose as much as 4% and later lost some of their gains in extended  trading Wednesday after the company reported better-than-expected fiscal third-quarter earnings. Revenue dropped 8% from last year’s quarter, steeper than

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 Stock buybacks are on track for the lowest total on record this quarter, according to Bank of America. The sharp economic

This time of year, Tommia Hayes is usually busy coordinating with hundreds of business leaders across several states to organize her employer’s biggest event of the year, a corporate and social responsibility conference, that generally takes place every June in New York City. That conference, like countless other plans waylaid by the pandemic, is now

U.S. stock futures moved lower in overnight trading and pointed to losses at the open on Wednesday, after a sharp sell-off in the previous session.  Dow futures fell 70 points, indicating a loss of 0.3%. The S&P 500 and Nasdaq were also set to open lower, with losses of 0.4% and 0.3%, respectively. Stocks fell

Investors and health officials appear to grow increasingly worried about a potential second wave of Covid-19 cases and further economic downtown, as states and foreign governments move ahead with lifting restrictions. Stocks sold off on Tuesday, with the Dow shedding roughly 400 points in the final hour of trading and the Nasdaq Composite and S&P

US House Speaker Nancy Pelosi speaks to the press before signing the additional 484 billion dollar relief package amid the coronavirus pandemic at the US Capitol in Washington, DC, on April 23, 2020. Nicholas Kamm | AFP | Getty Images Democrats in the House of Representatives unveiled their proposal for a new stimulus package that

A customer looks at a newly purchased Toyota Motor Corp. vehicle at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images Toyota Motor on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with

Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Virgin Group founder Sir Richard

As states begin to lift stay-at-home orders, some of the first businesses to shut down in March to minimize the spread of coronavirus are now beginning to reopen their doors. Workers within the retail, restaurant, hospitality, service and meatpacking industries are getting calls from their employers that it’s time to get back to work. But

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 U.S. stock futures fell on Sunday night after Wall Street posted consecutive rallies to end last week amid the prospects of

An Under Armour store front is seen on November 04, 2019 in Sunrise, Florida. Joe Raedle | Getty Images Under Armour reported a sales decline of 23% during its first quarter, as its business took a blow from the coronavirus pandemic and its stores were forced shut.  Its shares were down less than 1% in premarket trading

Robert Kneschke / EyeEm The coronavirus has devastated economies around the world and disrupted life in ways that were unimaginable just a few months ago. The world will never be the same. But at some point, industries will start coming back online and people will start going out again. We asked travel industry experts for

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

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Bill Ackman has found another typical investment for him: a high quality business with predictable cash flows, durable growth and a catalyst in the coronavirus to separate it from other stocks. Company: Restaurant Brands International Inc. (QSR) Business: A quick service restaurant

More than 70% of married couples choose to completely combine their finances, according to Kasey Eickmeyer, a postdoctoral researcher at Rutgers University. That means they’ll also face a lifetime of financial logistics to work through together. It’s important for couples to understand that ”marriage is a legal merger between two people,” says Kristin O’Keeffe Merrick, a financial advisor of O’Keeffe