Enhanced Unemployment Would Continue At $400 Per Week Under New Trump Executive Order
President Donald Trump signed a series of executive orders Saturday in an effort to bypass congressional negotiations and extend financial…
Month: August 2020
U.S. Coronavirus Aid Talks Stalled, As Parties Trade Jibes
U.S. congressional leaders and Trump administration officials said on Monday they were ready to resume negotiations on a coronavirus aid…
Stocks Making The Biggest Moves After Hours: Lyft, Uber, Occidental Petroleum And More
Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Court judge ruled that they convert…
Judge Blocks Uber, Lyft From Classifying Drivers As Contractors In California
A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber Technologies Inc (UBER.N) and Lyft…
JPMorgan’s Chief U.S. Equity Strategist Says Investors Should Be Looking To Buy Virus laggards
JPMorgan’s chief U.S. equity strategist said Monday he sees an opportunity for investors to buy stocks that have been significantly…
S&P 500 Ends Up Slightly, Tech-Related Shares Underperform Value
The Dow jumped 1%, the S&P 500 inched up and the Nasdaq closed lower on Monday as investors extended a…
Outgoing New York Times CEO On The Stock’s 400% Run And What Happens There If Donald Trump Loses
A View from the Top is a Q&A series exclusively available on CNBC Pro. Alex Sherman will regularly speak with…
SpaceX Is Manufacturing 120 Starlink Internet Satellites Per Month
SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives…
World Stocks Tick Up As China Industrial Data Offsets Trade Woes; Oil Rises
Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more…
U.S. Loan To Kodak Will Not Proceed Unless Allegations Cleared
The U.S. government will not proceed with a $765 million loan to Eastman Kodak Co (KODK.N) to make drugs at…
Nigeria’s Ballooning Debt: Don’t Panic, China is not the Devil
Many Nigerians are worried about rising debt profile of the nation which settled at ₦28.6 trillion in the first half…
Trump’s Executive Orders Didn’t Include A Second Round Of Stimulus Checks—Here’s Why
President Trump signed four executive orders on Saturday, granting Americans financial relief in a number of areas. However, the actions did…
For Microsoft, TikTok Could Bring Numerous Problems That Have Been Plaguing Facebook And Twitter For Years
If Microsoft were to complete an acquisition of TikTok, it would gain a company with much potential for advertising revenue growth. But…
Oil Jumps Nearly 2% On Chinese Factory Data, U.S. Stimulus Hopes
Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement…
European Markets Close Slightly Higher As Investors Digest U.S. Stimulus Hopes; Banks Rise 2%
European stocks ended the day cautiously higher on Monday, brushing off tensions between the U.S. and china that hit technology…
McDonald’s Sues Former CEO Easterbrook, Alleges He Lied About Relationships He Had With Workers
Mcdonal’s is trying to recover millions in compensation it paid out to former CEO Steve Easterbrook by suing him for…
Governors Roll Back Hours Instead Of Reopenings As Bars Take Blame For Coronavirus Surge
Desy’s is one of the last bars left standing in Morrisville, North Carolina. Owner Desislava Nikolova made her American dream…
Treasury Yields Fall Slightly As Investors Monitor Stimulus Bill And U.S.-China Tensions
Treasury yields dipped on Monday as investors monitored the state of U.S. stimulus talks and the latest fraying of relations…
‘Vast’ Gap In Funding Needed To Fight The Coronavirus, WHO Warns
The head of the World Health Organization warned Monday of a huge gap in funding to help fight the coronavirus…
Watch This On The S&P 500 For A Signal On When To Get Defensive, Wells Fargo Securities’
Congress at a stimulus stalemate and rising U.S.-China tensions have not stopped the S&P 500 from marching back up to…
Second $1,200 Stimulus Checks Could Be Coming For Many, That Won’t Cover The Rent
Negotiations over the next coronavirus stimulus package on Capitol Hill ended the week in a stalemate. But there’s one form…
Coronavirus Live Updates: Mnuchin Says Relief Deal Could Come This Week; TSA Screenings Return To March Levels
The United States topped five million cases of the coronavirus on Sunday, marking a grim milestone that represents roughly a…
Dow Jumps 250 Points To Start Week Even As White House, Congress Battle Over Coronavirus Relief
The Dow Jones Industrial Average rallied on Monday even amid uncertainty over a new coronavirus stimulus package. The 30-stock Dow…
Passports For Purchase: How The Elite Get Through A Pandemic
For most people, the coronavirus pandemic has meant fewer travel options. Not so for super-rich families who are increasingly using…
Buhari Signs Nigeria’s ‘Most Significant Business Legislation In 30 Years’
President Muhammadu Buhari Friday in Abuja assented to the Companies and Allied Matters Bill, 2020 recently passed by the National…
Nigeria: The Misplaced Loan for Sovereignty Uproar
More attention should be paid to what loans are used for, and if they are judiciously spent, rather than raise…
Oil Spill Threatens Ecological Disaster As Mauritius Declares Emergency
Fuel spilling from a Japanese bulk carrier that ran aground on a reef in Mauritius two weeks ago is creating…
Nigeria: Buhari’s Endorsement Of Ize-Iyamu Is A ‘Dent On Anti-Corruption War’
Chris Nehikhare, a spokesman for the Peoples Democratic Party (PDP) campaign council in Edo state, has described the endorsement of…
Trump Vows To Suspend U.S. Payroll Tax After Coronavirus Aid Talks With Congress Break Down
U.S. President Donald Trump vowed to unilaterally suspend payroll taxes and extend expired coronavirus unemployment benefits after negotiations with congressional…
At Least 16 Dead As Air India Repatriation Flight Crashes On Landing
At least 16 people were killed and dozens injured when an Air India Express passenger plane repatriating Indians stranded by…