Virus recession? Top economist Ed Hyman sees zero US growth the next two quarters
"More cases are showing up in the U.S. and seem likely to be just the start," Ed Hyman said. "Scope, severity, and duration are uncertain."
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
United Airlines CEO says it 'likely' it will need to cut additional flights
United Airlines Chief Executive Oscar Munoz told employees the U.S. airline would likely need to cut additional flights in the wake of sagging demand because of...
U.S. officials talk down coronavirus market panic, tout economic strength
Trump administration officials on Sunday tried to calm market panic that the coronavirus could cause a global recession, saying the public had over-reacted and that stocks...
CERAWeek energy conference in Houston scrapped over coronavirus worries
Coronavirus concerns prompted organizers on Sunday to cancel the CERAWeek energy conference that annually brings together oil ministers and senior executives from the energy and financial...
Exclusive: Norway wealth fund could blacklist four major climate culprits
Norway's $1 trillion wealth fund will exclude four companies for their vast emissions of greenhouse gases, or at least put them on probation to force them...
Advent-led consortium to spend 'billions' on expanding Thyssenkrupp Elevator
The consortium that won the bid to acquire Thyssenkrupp's elevators division wants to spend billions of euros on expanding the business, a manager at one of...
Mainstream Adoption of Digital Currencies Is Still Many Years Away: JPMorgan Blockchain and DLT Report
Crowdfund Insider Omar Faridi Feb 24, 2020 A recent report published by JPMorgan Chase, the world’s sixth-largest bank with around $2.5 trillion in assets, indicates that...
Citgo, Aruba reach deal to transfer control of refinery to island government
U.S. refiner Citgo has reached an agreement with Aruba to transfer control of the San Nicolas refinery to the island's government, Citgo said late on Saturday,...
These iPhone apps know how you'll spend and save money — even before you do
Smartphones are becoming pocket-sized financial coaches, as mobile apps leverage artificial intelligence to push Americans to make smarter money decisions.
Saudi Aramco shares hit lowest since IPO, down over 2%
Shares of Saudi Aramco hit 32.50 riyals ($8.66) in intraday trade on Sunday, the lowest since it began trading in December following a record initial public...
Amazon confirms two employees in Italy have contracted coronavirus
Amazon.com Inc said late on Sunday that two employees in Milan, Italy, have contracted the coronavirus and are under quarantine.
Asian markets extend falls as coronavirus spreads
The rout in world stocks deepened on Monday, with investors rattled by weekend data from China that showed its fastest ever contraction in factory activity, raising...
Reinstating this old trading rule would help the market more than a rate cut, Leon Cooperman says
"If you ask me: cutting the rates or reinstating the uptick rule? I say reinstate the uptick rule," Cooperman said during a CNBC special.
Why this may be the only retirement book you'll ever need
'How to Make Your Money Last' by Jane Bryant Quinn has been updated. In an interview with CNBC, she reveals what she's learned after a lifetime...
American Airlines suspending flights to Milan after U.S. travel warning
American Airlines Inc will suspend all U.S. flights to Milan, the airline said late on Saturday, just hours after the U.S. State Department said it was...