Month: January 2020

CDC issues mandatory quarantine for first time in more than 50 years to Wuhan passengers in California

A charter flight from Wuhan, China, carrying approximately 200 U.S. citizens, taxis to a stop at March Air Reserve Base in Riverside, Calif. Wednesday morning Jan. 29, 2020. Will Lester | Inland Valley Daily Bulletin via Getty Images U.S. health officials have quarantined 195 Americans evacuated from Wuhan, China, taking the rare step of issuing …

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Exxon Mobil’s fourth-quarter earnings fall short of expectations

Exxon earned $5.69 billion in the fourth quarter, down from $6 billion in the same period as weakness in the company’s chemicals and downstream divisions, as well as consistently lower oil prices pressured profits. The company’s quarter was boosted by one-time events, including a $3.7 billion gain from Exxon’s Norway divestment. Excluding these items, profit …

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Markets are putting pressure on the Federal Reserve for at least one rate cut

Traders work on the floor at the New York Stock Exchange, January 14, 2020. Brendan McDermid | Reuters Federal Reserve officials this week affirmed their commitment to staying put on interest rates for the time being, but markets have other ideas. The fed funds futures market, where traders go to bet on the central bank’s …

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Apple, Amazon, Microsoft and Alphabet have traveled similar paths on the road to $1 trillion

Four technology giants now sit on top of the list of most valuable U.S. companies, each worth more than $1 trillion — and there’s a familiar theme to each of their stories. Apple, Amazon, Microsoft and Google-parent Alphabet have all looked to services and cloud businesses for growth in the past couple of years. In …

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Super Bowl betting is expected to be $6.8 billion. The IRS will want a piece of your winnings

If your weekend plans include dropping a bet on the Super Bowl, don’t forget that Uncle Sam wants a piece of anything you win. Americans are expected to wager about $6.8 billion on Sunday night’s matchup between the Kansas City Chiefs and San Francisco 49ers in Miami. And no matter where you place your bet …

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NFL star Saquon Barkley visits South Beach restaurant owner prepping Super Bowl tailgate, and gets inspired

Small business owner Stephanie Vitori has gone from burger delivery girl to owning one of South Beaches most buzzed about burger joints. Vitori is the owner of Cheeseburger Baby, a frequent hot spot for celebrity clients that include Beyonce, Kanye West, Diddy and Gabrielle Union. “We have a large celebrity clientele. Once the word got …

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Coronavirus live updates: US raises travel warning, Singapore bans Chinese travelers as outbreak spreads

Passengers wear face masks to protect against the spread of the Coronavirus as they arrive on a flight from Asia at Los Angeles International Airport, California, on January 29, 2020. Mark Ralston | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. 7:30 …

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Stocks making the biggest moves premarket: Caterpillar, Exxon, IBM, Amazon & more

Construction machinery of the US producer Caterpillar can be seen at the BLG Logistics Group Car Terminal, ready for shipping in Bremerhaven, Germany, 12 June 2017. Photo: Ingo Wagner/dpa (Photo by Ingo Wagner/picture alliance via Getty Images) Ingo Wagner | picture alliance | Getty Images Check out the companies making headlines before the bell: Caterpillar …

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For the cost of a 30-second Super Bowl ad, you can buy a castle in Kansas City or a Miami condo—take a look

As the Kansas City Chiefs play the San Francisco 49ers in Miami’s Hard Rock Stadium on Sunday, the price tag for a 30-second TV commercial during Super Bowl LIV on Fox is a reported $5.6 million. That’s up from $5.2 million last year. For just under that amount, you can own a castle located in …

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Goldman Sachs to offer consumers checking accounts next year through Marcus

David Solomon, Goldman Sachs Adam Galica | CNBC Coming soon to your smartphone: a Goldman Sachs digital checking account. The bank is working to release a digital wealth management tool this year and a checking account in 2021, Goldman executive Eric Lane said Wednesday at the New York-based bank’s first investor day. “We aspire to …

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Four steps you can take to safeguard your retirement savings from this risk

Dean Mitchell | E+ | Getty Images If you wait until you’re 70 to think about long-term care, you’re already late. With the national annual median cost of a private room in a nursing facility at $102,200, according to insurer Genworth’s 2019 Cost of Care Survey, lacking a thought-out plan can be a costly error. …

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Altria stock craters after $4.1 billion hit from Juul investment, blames growing legal risk

A person smokes a Juul Labs Inc. e-cigarette in this arranged photograph taken in the Brooklyn Borough of New York, U.S., on Thursday, Dec. 20, 2018. Altria Group’s plan to take a $12.8 billion stake in Juul Labs could be destroying value, Citigroup analysts write in a note downgrading the stock to a sell from …

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Stocks making the biggest moves after hours: Amazon, Visa, Navistar and more

Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Check out the companies making headlines after the bell: Amazon – The e-commerce giant’s stock surged more than 10% in extended trading after the company reported better-than-expected results for the fourth quarter. Amazon reported earnings of $6.47 per share on revenue of $87.44 billion, while analysts …

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Tesla short sellers lose more than $1.5 billion in one day as stock skyrockets on earnings

Tesla CEO Elon Musk and Shanghai’s Mayor Ying Yong attend the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. Aly Song | Reuters Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1 billion-plus on Thursday as the company’s stock rocketed higher after its better-than-expected earnings report. Tesla popped …

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GM resurrecting Hummer as an all-electric ‘super truck’ with 1,000 horsepower

The GMC Hummer EV will be revealed on May 20 and built at General Motors’ Detroit-Hamtramck plant in Michigan. GM DETROIT – General Motors is resurrecting the Hummer, best known as a gas-guzzling, military-style SUV, as an all-electric “super truck” with massive horsepower, acceleration and torque. The Detroit automaker confirmed the plans Thursday and released …

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