Jobless claims soar past 3 million to record high
Americans displaced by the coronavirus crisis filed unemployment claims in record numbers last week, with the Labor Department reporting Thursday a surge to 3.28 million. The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time...
Paul Tudor Jones says stocks could retest lows as virus peaks but will be higher in 3 to 5 months
Hedge fund manager Paul Tudor Jones told CNBC on Thursday the market could be higher by June despite what he sees as a turbulent month ahead. “My guess is one of the reasons the market’s up right now is because of all...
Stocks making the biggest moves after hours: Micron, Shoe Carnival, Ford and more
A customer views cars on display in a showroom of the Avilon dealership owned by the Ford Motor Company in Moscow. Anton Novoderezhkin/TASS (Photo by Anton Novoderezhkin\TASS via Getty Images) Anton Novoderezhkin | TASS | Getty Images Check out the...
Former Fed Chairman Ben Bernanke sees ‘very sharp’ recession, followed by ‘fairly quick’ rebound
Former Federal Reserve Chairman Ben Bernanke sounded an optimistic tone on the longer-term state of the economy, predicting in a CNBC interview Wednesday that while the U.S. is facing an acute recession, it shouldn’t last. “It is possible there’s going...
Fed’s James Bullard says after a short-term ‘unparalleled’ shock, economy will boom again
The U.S. economy is facing a huge shock to the system over the near term, then will bounce back strongly, St. Louis Federal Reserve President James Bullard told CNBC on Wednesday. Earlier this week, the central bank official forecast that...
Stock futures higher after White House, Senate reach deal on coronavirus bill
Stock futures were positive in early Wednesday morning trading, following Tuesday’s historic rally, as the White House and Senate reached a deal on a coronavirus stimulus bill. As of around 2:43 a.m. ET, futures on the Dow Jones Industrial Average rose...
Stocks making the biggest moves midday: Norwegian Cruise Line, American Airlines, Virgin Galactic, Zillow & more
People look out from aboard the Grand Princess cruise ship, operated by Princess Cruises, as it maintains a holding pattern about 25 miles off the coast of San Francisco, California on March 8, 2020. Josh Edelson | AFP | Getty...
If Congress doesn’t act now on a coronavirus aid package, BTIG’s Julian Emanuel sees stocks plunging another 20%
BTIG’s Julian Emanuel warns stocks could lose another fifth of their value. If Congress doesn’t immediately pass a coronavirus aid package designed to help the U.S. economy, he warns it’ll spark more damage to an already battered market. “We’re in...
Coronavirus stimulus bill fails in key Senate procedural vote
A massive funding package to combat the impact of coronavirus did not get enough votes in a key Senate procedural vote Sunday evening. The stalemate came hours after Democratic leaders warned that the bill did too much to bail out companies...
The government budget deficit is about to explode to fight the coronavirus
A sign showing the national debt and each Americans share is displayed on November 6, 2019 in Washington, DC. Tasos Katopodis | Getty Images Remember when people were all worked up over trillion-dollar government budget deficits? Those might seem like...
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