Finance

Matt Marfoglia, a waiter at the Tasting Kitchen in Los Angeles, was furloughed in March. Enhanced unemployment benefits are helping him make ends meet financially, but they may end after July. Matt Marfoglia Matt Marfoglia was living paycheck to paycheck before the coronavirus pandemic. Now, while unemployed, he’s barely scraping by.  The 51-year-old was furloughed

Private equity firm KKR’s co-chief executive officer and co-founder, Henry Kravis, said 80% of companies that it controls now have at least two board directors with diverse backgrounds. The firm set out to reach that threshold a few years ago and accomplished that in the first quarter of 2020, Kravis told CNBC’s Seema Mody on “The Exchange.”

Sandy Weill, former CEO of Citigroup. Adam Jeffery | CNBC Sandy Weill, the former Citigroup CEO and chairman who helped create the megabank model in the 1990s, said Friday that Morgan Stanley and Charles Schwab were “really very good buys.” Bank stocks have been hammered this week, giving back recent gains tied to the reopening

The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Retail investors speculating in stocks are not responsible for the market’s comeback and their top picks tend to underperform, according

Michael Duva Lawmakers are at loggerheads over an extension of enhanced unemployment benefits being paid to millions of out-of-work Americans. Congressional Democrats want to continue the extra $600 weekly jobless payments that began when the CARES Act was enacted in March, calling them a financial lifeline that has helped families pay rent and put food

Investors may want to curb their enthusiasm for the market rally. The Bleakley Advisory Group’s Peter Boockvar warns stocks are vulnerable to a 10% or more summer sell-off. “That’s when the gut check is going to take place,” the chief investment officer told CNBC’s “Trading Nation” on Wednesday. “Right now, the market is ignoring all

Standard Chartered headquarters and a HSBC building are pictured on March 16, 2020 in Hong Kong. Zhang Wei | China News Service via Getty Images A major shareholder in both HSBC and Standard Chartered has hit out at the banks over their support for China’s controversial new national security law in Hong Kong. In a

A new bill that targets Chinese companies listed on U.S. exchanges could not only “backfire” on American investors, but also hurt Wall Street — which will lobby against the legislation, a Harvard professor told CNBC on Tuesday. Amid a tide of anti-China sentiment stateside, the U.S. Senate last month passed a bill that could essentially ban

Nikola Motor’s Tre semi-truck. Nikola Motor Company Speculative traders are betting big that Tesla won’t be the only successful company of the future named for inventor Nikola Tesla. Shares of Nikola Corporation, which makes battery-electric and hydrogen-electric trucks, advanced more than 20% on Tuesday, after more than doubling on Monday. The company began trading on June 4

It appears a major shift is underway in the bond market. BofA Global Research’s Mark Cabana sees an improving jobs market adding fuel to the Treasury yield rally and providing some relief to the Federal Reserve ahead of Tuesday’s policy meeting. “We were really thinking that the economy would still really struggle to rebound in

People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Check back for updates. 7:50 am: Fed to meet with some big talk on the agenda One of the big events for markets this week will be the two-day

A view of the fearless girl wearing a mask in front of the New York Stock Exchange in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images U.S. stock futures rose slightly on Sunday night following last week’s sharp gains amid optimism over the economy reopening. Dow

The coronavirus pandemic altered society in immeasurable ways, including, of course, investing. Stocks that benefited from people staying home, such as Netflix and Zoom Video, outperformed expectations in the past few months, while retailers and airline companies, among others, saw their stocks fall off a cliff. And now some of those worst-performing stocks of March

Spencer Platt | Getty Images The unemployment rate in the U.S. improved last month as millions of people returned to the workforce. But the official 13.3% unemployment rate, while still high relative to any point since the Great Depression in the early 20th century, likely understates the economic damage wrought by the coronavirus pandemic. The

A “Now Hiring” sign advertising jobs at Lowe’s is seen as the spread of the coronavirus disease (COVID-19) continues, in Homestead, Florida, U.S., April 17, 2020. Marco Bello | Reuters Quite unexpectedly and rather suddenly, investors have been given a reset, a reprieve, a chance at a fresh start. What should they do with it?

Managers at the massive Bell facilities in North Texas had a problem. As 5,000 employees building helicopters needed to stay on the job, the company — a division of Textron — had to take steps to keep workers safe. One step included plans to take employee temperatures as they came to work. The company set

Wall Street and New York Stock Exchange in New York. Alexander Spatari The stock market has defied gravity in recent weeks, rebounding nearly as quickly as it sold off amid the coronavirus pandemic. The threat of another steep decline is omnipresent. But stock investors shouldn’t be concerned, experts say. In fact, panicking and selling out

Interior Design area of the Restoration Hardware store in the Meatpacking District of New York.  Source: RH Check out the companies making headlines after the bell. Broadcom — Shares of the semiconductor company climbed 1% in extended trading after Broadcom released its second-quarter financial results. The company posted earnings of $5.14 per share excluding some

Online broker Charles Schwab received antitrust approval from the U.S. Department of Justice for its acquisition of TD Ameritrade, sources told CNBC’s David Faber on Thursday. Shares of Schwab jumped nearly 7% in premarket trading following the report. TD Ameritrade rose more than 9% before the opening bell.  Schwab announced last November it would buy

Shoppers walk out with full carts from a Costco store in Washington, D.C., on May 5, 2020. Nicholas Kamm | AFP | Getty Images Check out the companies making headlines after the bell. Cloudera – The software company’s stock fell 11% in extended trading after Cloudera provided its first-quarter earnings. The company reported first-quarter earnings

Take a look at some of the biggest movers in the premarket: Campbell Soup (CPB) – The food producer reported quarterly earnings of 84 cents per share, 9 cents a share above estimates. Revenue also beat forecasts and Campbell raised its full-year guidance, noting an increase in demand across all its brands amid the Covid-19

A worker examines a sewage recycling pool in the coal liquefaction factory of CHN Energy in Ordos, north China’s Inner Mongolia Autonomous Region, April 11, 2019. Xinhua | via Getty Images BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught

The normally busy boardwalk at Coney Island in Brooklyn, New York, was still largely shuttered on May 24. Andrew Lichtenstein/Corbis via Getty Images The $600 enhancement to weekly unemployment checks is ending at the end of July. While Democrats want to extend the extra pay into next year, Republicans appear resolute in blocking an extension. 

BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback. Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out of alignment with the economy as risks rise. “It’s probably time for the market to reassess the uncertainties to the economy,” the firm’s chief

Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker began testing a Covid-19 experimental treatment derived from the blood of a survivor of the disease. It is the first study involving this type of drug, and comes about a month earlier than expected and ahead of

A view of the Fearless Girl with New York Stock Exchange in Wall Street in the backdrop amid Coronavirus Pandemic on April 5, 2020. John Nacion | NurPhoto | Getty Images U.S. stock futures fell on Sunday night as Wall Street was set to kick off June trading on a sour note after consecutive monthly

The coronavirus crisis has Americans hoarding more money than ever before as widespread fear paralyzes consumer spending habits. The swiftness and severity of economic recovery in the U.S. hinges on whether consumers continue to stockpile cash or start to spend again.  The personal savings rate hit a historic 33% in April, the U.S. Bureau of

Residents wait in line for free groceries from a pop-up food pantry amid the coronavirus disease (COVID-19) outbreak in Chelsea, Massachusetts, May 19, 2020. Brian Snyder | Reuters The historic job losses suffered around the world are disproportionately affecting women, Citi said in a new research report. On top of being an inequality issue, there

Reading, PA – May 8: Major Joy Mudge, left, and Kristy Kushner, right the Director of Social Services, helps to organize boxes ready for distribution. During a food distribution at the Salvation Army location on South 5th Street in Reading, PA Friday afternoon May 8, 2020. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)

Wine store employees catalog a new shipment of alcohol on May 28, 2020 in New York City. Government guidelines encourage wearing a mask in public with strong social distancing in effect as all 50 states in the USA have begun a gradual process to slowly reopen after weeks of stay-at-home measures to slow the spread