REUTERS/Brendan McDermid Brendan McDermid | ReutersStocks have whipsawed investors more in the past two weeks than they have since early October, and it’s likely that type of volatile trading will continue. Even before investors became aware of the coronavirus, Emanuel said he had expected the market to get more volatile, just because it had become so overbought. Sanders is leading in the polls in Iowa, and is also ahead in New Hampshire, which holds its primary next week. “Our presumption is if

Fiat Chrysler is recreating the 1993 movie “Groundhog Day” with Bill Murray for a Super Bowl ad for the Jeep Gladiator pickup. Francois penned a “long letter” to Murray in October with the idea of recreating the movie for a Super Bowl ad. “We decided to not go Super Bowl,” said Francois, who believes the company’s Super Bowl ads have to have cultural relevance. Fiat Chrysler CMO Olivier Francois (left) with actor Bill Murray during the filming of the Jeep brand’s 2020 Super Bowl commercial. Bill

Bolton runs a super PAC and a PAC that are currently backing five Republican lawmakers: Sens. The PACs were originally created in 2013 to support candidates who favor strong national security policies. Onetime major Trump backer Robert Mercer spent millions investing in Bolton’s super PAC. None of these donors gave to Bolton’s PAC or super PAC since he departed the administration, Federal Election Commission filings show. Schwartz contributed $50,000 in 2018 to America First Action, a super PAC

Senate Television via Getty ImageWASHINGTON – As the Iowa caucuses officially kicked off the 2020 presidential election Monday, November’s ballot was foremost on the minds of the president’s lawyers and the House impeachment managers as they delivered closing arguments in President Donald Trump’s impeachment trial. “We put our faith in the Senate because we know that you will put your faith in the American people,” White House counsel said Pat Cipollone in his closing arguments. In his closing s

As China continues to reel from the spreading coronavirus, the world is looking for a familiar entity to swoop in and save the day: a central bank, in this case the People’s Bank of China. Central banks like the PBOC and its counterparts around the world — notably the U.S. Federal Reserve and the European Central Bank – have been bailing out economies and financial markets since the 2008 financial crisis. Trillions in digital money printing along with bargain-basement interest rates have been th

Google parent Alphabet reported earnings after the bell Monday, the last FAANG stock to release the latest quarterly results. It’s a little bit extended near term but, again, expect higher lows followed by higher highs. We think it continues to make higher lows followed by higher highs,” Wald said. “The standout here is really … the top-down tail winds from what remains a relatively and broadly strong technology sector.” I know it’s not a popular view, but I struggle paying 26, 27 times forward

Handout | Getty Images Entertainment | Getty ImagesHere are the most important things to know about Tuesday before you hit the door. Disney+ in focus during earnings reportDisney reports quarterly earnings after the bell on Tuesday. Shares of Disney are about flat over the past six months and down 2% for 2020 so far. Trump will likely address the robust U.S. economy, after a strong year of stock market gains in 2019. If results show Sen. Bernie Sanders had a strong showing in Iowa Monday, the ma

As concerns over the coronavirus mount, some U.S. school districts have canceled Chinese student exchange programs to alleviate fears in the community. A handful of schools and school districts in Massachusetts have also canceled Chinese exchange programs. Norton school district said 10 Chinese students from schools in and around Beijing are no longer coming to study at its schools as originally planned. Thirty high school students from The Benjamin School, an independent day school in Palm Beac

The S&P 500 gained 0.7% to end the day at 3,248.92. Stocks rebounded slightly from Friday’s sharp sell-off, but investors are not ready to sound the all-clear just yet. The major averages cut into some of Friday’s losses, led by sharp moves higher in shares of Nike and Tesla. Better-than-expected manufacturing data from the Institute of Supply Management also gave the market a boost. Bottom line: While the Wall Street welcomed Monday’s gains, it does not mean investors are ready to look past the

Health officials say 195 Americans are now in mandatory quarantine. The Centers for Disease Control and Prevention is working with state and local health authorities to prepare facilities for quarantine, Messonnier said. Messonnier also said Monday that the State Department is preparing to send more evacuation flights to Wuhan. CDC officials will monitor the health of the passengers throughout the quarantine, Messonnier said. The decision to quarantine Americans is based largely on mounting evid

Dropbox CEO Drew Houston is joining Facebook’s board of the directors, the company said Monday. Mark Zuckerberg is a friend of Houston’s, attending his birthday party in 2017. Houston said in a statement that he looks forward to working with Zuckerberg and the rest of Facebook’s board “on the many opportunities and challenges ahead.” The move comes after Netflix CEO Reed Hastings left Facebook’s board last April, after serving on the board for eight years. Houston is the eighth member of Faceboo

Twitter has taken down meme-sharing accounts created by snack brand Planters to juice attention for the arrival of its new mascot, “Baby Nut,” which during the Super Bowl. Kraft Heinz said in a statement the suspensions occurred despite the fact that it had consulted with Twitter. Insider first reported on the removal of the accounts, determining that some of the accounts were created before the public knew Planters would introduce Baby Nut and suggesting the accounts were part of the campaign.

Even as OPEC and Russia consider an emergency production cut, oil is tanking and the outlook for prices is getting dimmer. Brent crude prices plunged nearly 4% Monday and was down 24% from its January high, when it closed at $54.45 per barrel. Oil prices were slammed Monday, as the virus continued to spread and cruise ships became a bigger concern. “The oil market has been subject to many supply shocks over recent years, but an acute demand shock has not been felt since the 2008 financial crisis

To honor Bryant, Los Angeles Public Libary compiled a list of books Bryant has recommended over the years. Los Angeles librarian Keith Kesler says he combed through old interviews and social posts from the basketball legend to find the list. Bryant read the book so many times he recommended it to other NBA players, according to The Athletic.com, and set up a meeting with Coelho to collaborate on a children’s book. “Team of Rivals” by Doris Kearns Goodwin”I loved TEAM OF RIVALS,” Kobe told The Am

Hartford Financial Services Group — The financial company’s stock dropped nearly 1% in extended trading after the company reported strong fourth-quarter results that beat analysts’ estimates. The company reported $1.43 per share on revenue of $5.36 billion, while analysts estimated $1.32 per share on revenue of $5.25 billion, according to Refinitiv. NXP Semiconductors — Shares of the semiconductor manufacturing company dipped slightly below the flatline after the company reported a beat on its r

CNBC’s Jim Cramer on Monday said he is anticipating another market sell-off and that investors should refrain from putting more money to work in stocks. “I’m betting that another shoe will drop on this coronavirus outbreak, and I think it might be a mistake to buy before that happens.” The host suggested it’s better to wait until seeing if that is possible before putting more money into stocks. Cramer is waiting for more bad news to come about the coronavirus, and he wants to mull the outcome of

CNBC’s Jim Cramer said Monday his negativity toward oil stocks is not about environmentalism but economics. “And the honest truth is I don’t think I can help you make money in the oil and gas stocks anymore,” he added. Cramer’s comments followed proclamations the former hedge-fund manager made Friday, when he compared fossil fuel stocks to tobacco companies. Cramer said he knows his decision to not recommend oil stocks is in contrast to advice he used to give. “I love the environment, but that n

Google parent company Alphabet’s shares slid 4% after hours despite beating earnings estimates for the fourth quarter, as the company came in light on revenue. Here are the numbers versus expectations:Earnings: $15.35 per share vs. $12.53 per share, per Refinitiv consensus estimates. $15.35 per share vs. $12.53 per share, per Refinitiv consensus estimates. $46.08 billion vs. $46.94 billion, per Refinitiv. Traffic acquisition costs: $8.50 billion, vs. $8.50 billion per StreetAccount estimates.

He received a U.S. Department of Agriculture market facilitation payment, part of more than $20 billion in aid the administration doled out to farmers in 2018 and 2019 to mitigate trade war damage. Iowa has an economy that Iowa State University economics professor David Swenson described as “growing but not necessarily thriving.” The trade war added to those pressures. In 2018 alone, tariffs lopped at least $1 billion and up to $2 billion off Iowa’s gross state product, according to an Iowa Stat

US radio talk show host and conservative political commentator Rush Limbaugh looks on before introducing US President Donald Trump to deliver remarks at a Make America Great Again rally in Cape Girardeau, MO, on November 5, 2018. Influential right-wing talk radio host Rush Limbaugh announced on his program Monday that he has been diagnosed with “advanced lung cancer.” Limbaugh, 69, said he will take time off his normal broadcast schedule as he seeks treatment. “But there are going to be days tha