Art Hogan, chief market strategist of National Securities, says this correction is driven both by coronavirus fears and an overdue need for a pullback. “We’re 10% off our all-time highs. So what we have to look at is, how much of this correction is driven by the uncertainty over the economic damage that will clearly follow in the wake of this coronavirus. And how much of this is, this market has been looking for an excuse to pull back. … And I think there’s some combination of both, and it’s h

“[It’s] amazing: In a down tape today, Netflix was actually strong and we’re actually working towards new highs.” Gordon’s other hideout play was the stock of pharmaceutical giant Merck, which hasn’t had as easy a run in 2020. John Petrides, who is a portfolio manager in Tocqueville’s wealth management branch, also recommended hiding out in high-dividend plays. Petrides’ other pick was the controversial stock of Wells Fargo, which the wealth manager admitted was still in the “penalty box.” But w

CNBC’s Jim Cramer on Thursday rolled out a list of technology stocks that investors can pick from in the current volatile environment on Wall Street. “These 10 tech stocks … don’t need China, they don’t need the Fed, they don’t need enterprise spending and they don’t need us to stop the coronavirus,” Cramer said. Cramer presented his suggestions after the major averages went through another brutal trading day this week. Cramer said the 10 stock picks can work, even if the epidemic spreads acro

Amanda Macias | CNBCPARIS — Nearly a year into restoring the fire-ravaged Notre Dame Cathedral, experts are working through a backlog of now-blackened artifacts that once graced the landmark. The day after the massive April 15 inferno engulfed the masterpiece of Gothic architecture, French President Emmanuel Macron announced that Notre Dame would be rebuilt by 2024. Tourists look at the Notre Dame Cathedral under construction in Paris, France, on February 18, 2020. A view of the construction und

Walmart is working on a competitor to Amazon Prime, called Walmart+, a spokeswoman confirmed to CNBC on Thursday. The Walmart spokeswoman didn’t confirm the Vox report, nor offer other details on the model. Walmart is considering an option where customers can use text messages to place orders, as part of Walmart+, the report said. Amid a broader market sell-off, Walmart shares were down more than 1.5% Thursday afternoon. Amazon shares were down nearly 3%.

The U.S. stock market fell into a correction Thursday as investors punished equities in favor of safer assets as anxiety over the spread and potential impact of the virulent coronavirus. A correction is defined as a 10% decline in one of the major U.S. stock indexes, typically the S&P 500 or Dow Jones Industrial Average, from a recent 52-week high close. Historical analysis shows these corrections result in a 13% decline and take about four months to recover to prior levels, on average. This is

“This is a fluid situation right now and I want to emphaize the risk to the American public remains low,” said Dr. Sonia Y. Angell, California Department of Public Health Director and State Health Officer during a press conference. The Centers for Disease Control and Prevention doesn’t know exactly how the new California patient, who’s receiving medical care in Sacramento County, contracted the virus. California health officials said the patient wasn’t under quarantine before her diagnosis and w

Dow Jones Industrial Average futures were up 16 points, but indicated a loss of more than 150 points at Friday’s open. S&P 500 and Nasdaq 100 futures also pointed to a lower open on Friday. The 30-stock average closed in correction territory along with the S&P 500 and Nasdaq Composite. Thursday’s declines also put the Dow and S&P 500 down more than 10.5% each for the week, on pace for their worst weekly performance since 2008. The number of confirmed coronavirus cases outside of China has also j

Update: In a tweet sent out this afternoon, EA said it had resolved its server outage issues that affected multiple games. Original story: Electronic Arts says it’s investigating widespread problems with FIFA players connecting to the game’s servers, which appear to be down for multiple versions and multiple years of the soccer series. “We’re aware that some players are unable to login and our engineering team is investigating,” EA said. GameSpot reports that the outage also affects Apex Legends

PUBG Corp. acknowledged that the game’s recent poor frame rate, crashing, and stuttering or freezing issues are not related to any DDoS attack, however. “This is a top priority for us right now, and we thank those of you who are affected for your patience,” PUBG Corp. wrote. Regarding the DDoS attacks, the developers say PlayerUnknown’s Battlegrounds’ servers “have been increasingly targeted for these attacks. The “experimental DDoS defense solutions” have also caused packet loss for many player

Square Enix is partnering with candy maker Ferrero to give away Final Fantasy 7 Remake goodies through purchases of chocolate. (You can check out the official rules and prizes at the official Butterfinger-Final Fantasy 7 Remake website.) Lightning from Final Fantasy 13 modeled for Louis Vuitton and Final Fantasy 15 had a huge Cup Noodle promotion. Cloud himself also posed for a Panasonic phone ad back when the Final Fantasy 7: Advent Children movie came out. Square Enix will release Final Fantas

In late 2019, Riot revealed Project A, a tactical shooter that looked similar to Counter Strike: Global Offensive. According to fan Twitter account, ProjectAOnline, Project A’s official name is Valorant. According to the leak, Sage has four abilities: Barrier Orb, Slow Orb, Healing Orb, and Resurrection. At the bottom of the image, players can see a cast of eight characters — one of which has a lock icon over it. Another fan community, the official Twitter account for the Valorant subreddit, sug

Alien Hominid Invasion, a “reimagination of the original Alien Hominid HD,” is coming to Nintendo Switch, Windows PC, and unspecified Xbox platforms, developer The Behemoth announced Thursday. The developer says that Alien Hominid Invasion will feature a non-linear level experience built from “hundreds of hand-crafted city blocks.” The official description of Alien Hominid Invasion also teases other revised gameplay mechanics:Unlock and equip an arsenal of weapons and boosts, level up, then beam

Pokémon fans love to gripe that the games are too easy, but a new Max Raid Battle in Pokémon Sword and Shield might defy those expectations. Players say that Mewtwo also has way more health and shields than those you can find in standard raid battles. And, as a bonus, the Mewtwo comes packed with move counters that can take down its biggest foes. me trying to catch mewtwo after beating the raid pic.twitter.com/8zg8eBX3Xz — shofu (@shofu) February 27, 2020See, Max Raid Battle Events like this are

There are expectations from Baldur’s Gate fans hoping to see familiar characters and locations. How do you merge the legacy of Baldur’s Gate with the modern combat engine of Divinity? But there’s a problem with that: The Divinity games play very differently from the Baldur’s Gate games. The original Baldur’s Gate engine, designed in 2D, had no physics to speak of. After watching the demo, Baldur’s Gate 3 feels like it has 80% of the DNA that Original Sin 2 had.

The Chinese government has taken down Plague Inc., the pandemic simulator/real-time strategy game for mobile devices, from app stores in the country, perhaps reflecting the tension and sensitivity there over a coronavirus outbreak entering its fourth month. “We have a huge amount of respect for our Chinese players and are devastated that they are no longer able to access and play Plague Inc.,” Ndemic wrote. “It’s not clear to us if this removal is linked to the ongoing coronavirus outbreak that

At PAX East, Randy Pitchford and Gearbox Software announced the future of Borderlands 3 — including a full reveal of the game’s second DLC: Guns, Love, and Tentacles. Guns, Love, and Tentacles will feature the in-game wedding of gun mogul Wainwright Jakobs and eccentric hunter Sir Hammerlock. But as Borderlands 3 players prepare to attend the wedding, the town of Cursehaven sees an invasion of Cthulhu-like monsters. Players can bypass the main Borderlands 3 story and head straight to the new pla

Grand Theft Auto Online’s latest racing event is Open Wheel Racing, aka the open-world criminal empire’s take on Formula One. OWR’s logo even looks like the 70th anniversary logo F1 is using this season, too. The two on offer from Legendary Motorsport in Los Santos look like late 1980s to mid-1990s models, particularly in the liveries players may choose. The Los Santos Customs shop has more designs, such as “Air Emu,” a nod to the Camel-branded 1992 Williams FW14B that Nigel Mansell took to both

In fact, a financial transaction tax would limit the effects of unfair trading, raise revenue and help reduce income inequality. The costs to most Americans from such a tax would likely range from minimal to zero. At Public Citizen, we estimate that the average middle-income family with a retirement account would experience about $13 a year in costs from a 0.1% financial transaction tax. Costs for families in the top 10% of income — with a median income of $260,200 — would be higher, but hardly

“But if I’m not married, the default wouldn’t be my partner,” Rosenbauer said. Retirement accountsIf you want to make sure your tax-advantaged retirement accounts — i.e., Roth and traditional individual retirement accounts, 401(k) plans and the like — end up with your partner, make sure that person is the named beneficiary on those accounts. Typically, though, those retirement assets would end up being included in your assets that are subject to probate. “If the house in one person’s name, it wo