Southwest airline planes sit on the tarmac at Fort Lauderdale’Hollywood International Airport on February 20, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Southwest Airlines said Thursday it lost $915 million in the second quarter compared with $741 million in net income a year earlier and warned travel demand will likely remain depressed until
0 Comments
Satya Nadella, chief executive officer of Microsoft Corp., listens during an interview on The David Rubenstein Show in New York on Sept. 27, 2019. Christopher Goodney | Bloomberg | Getty Images Microsoft will report its fiscal fourth-quarter earnings after market close on Wednesday. Here are Wall Street’s expectations for Microsoft: Earnings: $1.34 per share, adjusted, as
0 Comments
Getty Images While lawmakers hash out the next stimulus package, credit card borrowers in the red might consider another tool available to them: negotiating their debt. “If your income was negatively impacted, it’s more likely to cause a blow to your credit score,” said Ted Rossman, credit card analyst at Bankrate.com. “One of the overarching
0 Comments
Amid the pandemic, the number of consumers requesting airline refunds has reached new heights. In fact, the Department of Transportation has received “an unprecedented volume of complaints from passengers” regarding airline refunds during this time, CNBC reported.  And on CNBC’s new web series ”Got a Money Dispute? Ask Kevin,” host Kevin O’Leary says arguments over travel refunds are “one
0 Comments
United Airlines CEO Scott Kirby on Wednesday said he expects airfares to slip as the pandemic continues to depress demand for flights. “My guess is that pricing is going to go lower for the short-term,” Kirby told CNBC’s “Squawk Box.” All of the normal pricing metrics … in this pandemic are a little bit irrelevant.” The
0 Comments
CNBC’s Jim Cramer said Tuesday the stock market could go higher if more people in the U.S. wore face masks to limit the spread of the coronavirus.  The current strength in equities is concentrated in technology-related stocks and not sectors tied to state economic reopening plans, Cramer said on “Squawk on the Street.”  “Let’s give the
0 Comments
Shareholders watch the stock market in a securities business hall. Nanjing, Jiangsu Province, China, 6 July 2020. Costfoto | Barcroft Media | Getty Images China’s recent stock market rally is raising fears that it’s being driven by retail investors indulging in leverage-fueled risky trading which caused a spectacular crash back in 2019. Analysts say they
0 Comments
Bracken Darrell, CEO, Logitech International Scott Mlyn | CNBC Logitech raised its outlook for the 2021 fiscal year and reported a more than 75% increase in non-GAAP operating income in its first quarter, boosted by demand for its webcams, video conferencing products and headsets as homeworking increased during the coronavirus lockdowns. The company said demand
0 Comments
All theater performances in New York are suspended through the remainder of 2020 due to the coronavirus outbreak. Pictured, shuttered Broadway theaters. Photo by Spencer Platt/Getty Images Great Depression levels of unemployment have hit some of the country’s biggest cities. The coronavirus pandemic has pushed the jobless rate in New York, Los Angeles and other
0 Comments
Ramin Talaie | Getty Images Coca-Cola is expected to report its second-quarter earnings before the bell on Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by Refinitiv: Earnings per share: 40 cents expected Revenue: $7.18 billion expected The coronavirus pandemic has weighed on both supply and demand for Coke’s products. About half
0 Comments
In a new series, CNBC Make It speaks to young entrepreneurs who are pivoting their businesses, or starting anew, to address some of the challenges raised by the coronavirus pandemic. The race is on to combat the coronavirus.  Since the outbreak was first identified at the start of this year, pharmaceutical giants and institutions have been
0 Comments
The view from the top of Shanghai’s skyscraper shows Jin Mao Tower (left) and Shanghai World Financial Centre (right) on November 11, 2019 in Shanghai, China. Alexander Kaunas | Kommersant | Getty Images BEIJING ’ When it comes to betting on a post-coronavirus China, some of the country’s largest property developers are concentrating on a few
0 Comments
The World Health Organization on Monday applauded newly published data by researchers at Oxford University and AstraZeneca on a potential coronavirus vaccine but cautioned that it’s still early and further evidence of its effectiveness is needed.  “It is good news,” Dr. Mike Ryan, executive director of the WHO’s emergencies program, said at a press conference at the organization’s
0 Comments
Jim McGuire | Getty Images If you’re like many Americans, you won’t get this quiz question about Social Security right: “I must be a U.S. citizen to collect Social Security retirement benefits.”  Insurance company MassMutual recently posed 12 true/false questions like this one about the federal program to 1,500 Americans via an online poll. The
0 Comments