Coronavirus fears hit travel stocks again on Wednesday. One stock looks most vulnerable to more downside after reporting earnings — Marriott, the world’s largest hotel operator — according to two market watchers. Boris Schlossberg, managing director of FX strategy at BK Asset Management, says Marriott looks more vulnerable than Booking here. Marriott has been hard hit on the expectation travel restrictions in Asia and consumer wariness around travel would hurt overall revenue. And I wouldn’t w

President Donald Trump is expected to speak about the deadly coronavirus outbreak Wednesday evening, a day after the Centers for Disease Control and Prevention warned Americans to prepare for the possibility of a pandemic. At least 81,000 coronavirus cases have been confirmed globally, and there have been at least 2,764 deaths. There are currently 60 confirmed cases of the coronavirus in the United States. In a tweet announcing the press conference on Wednesday, Trump attacked media for “panicki

HP Inc.’s bottom line will take a hit this quarter due to the coronavirus epidemic, CEO Enrique Lores told CNBC Wednesday. The COVID-19 outbreak in China forced many American businesses — including HP — to shut down their factories there. Wall Street analysts forecast sales to come in at about $13.5 billion in the 2020 second fiscal quarter. On the earnings call, Lores said HP is trying to restore full production “as quickly as possible” to meet customer demand. Microsoft itself announced Wednes

Panera Bread customers can soon drink as much of the chain’s coffee and tea as they want, all for $8.99 per month. The subscription program launching on Thursday comes after the sandwich chain overhauled its breakfast and coffee offerings last year with new options like wraps. The low monthly cost of coffee subscription programs gives restaurants an easy way to lure in customers and convince them to change their breakfast habits. Restaurant Brands International’s Burger King began a coffee subsc

Rian Johnson, the writer and director of “Knives Out,” revealed that Apple will permit film productions to use its products onscreen, but with one very big caveat — villains can’t have an iPhone on camera. “Not ’cause it’s lascivious or something, but because it’s gonna screw me on the next mystery movie that I write. “Apple, they let you use iPhones in movies, but, and this is very pivotal, if you’re ever watching a mystery movie, bad guys cannot have iPhones on camera,” he said. During the sce

CNBC’s Jim Cramer said Wednesday that investors should look at buying some stocks after two days of major coronavirus-related declines. “I think you’ve got to start buying something,” Cramer said on “Squawk on the Street.” “If you have a lot of cash, let’s say you have 20% cash, you’re not going to put 1% to work?” Cramer previously said this week that drug companies remained attractive stocks even as markets fell. “If you haven’t put anything to work, I think you’re playing with fire,” Cramer s

Swedish financial technology start-up Klarna has reported an annual loss for the first time, following years of profitability. Klarna, which lets people buy items online and pay for them over instalments, reported a loss of 1.1 billion Swedish krona ($113 million) on revenues of 7.2 billion krona from January to December 2019. Last year, it reported 2018 profits of 161 million krona, which was down from 346 million krona the previous year. Overall the business is “very healthy” and is seeing “st

Zhong Nanshan, who has been dubbed the “SARS hero” by Chinese state media, was credited with finding the correct way to treat the disease 17 years ago. With the outbreak of the coronavirus, which has killed over 2,700 people, Zhong has been thrust back into the spotlight. Now Foxconn has tapped his expertise in respiratory diseases to serve as a consultant for the firm’s prevention and rehabilitation efforts. In a statement on Tuesday, Foxconn said Zhong will give advice and guidance to the comp

Virgin Galactic Chairman Chamath Palihapitiya said during Squawk Box on Wednesday that he’s a net seller of all Big Tech companies except for Amazon. Palihapitiya, who has been bullish on Amazon for years, took a different stance on Amazon. He said Amazon will continue to grow at a rate of 25% per year “like clockwork.” It currently sits just below a $1 trillion valuation due to market swings related to the coronavirus. Palihapitiya didn’t say on Wednesday why he thinks Amazon will continue to g

In another sign of a strained partnership, Tesla and Panasonic are reportedly ending their joint production of solar cells at Tesla’s Gigafactory 2 facility in New York, according to a report in the Nikkei Asian Review. Tesla and Panasonic formed a joint venture to manufacture solar cells there four years ago. While Panasonic-made solar cells were going to be used primarily by Tesla to make its own solar panels, Tesla’s current Solar Roof product uses cells made in China instead. According to Ni

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Google CEO Sundar Pichai said in a blog post Wednesday that the company is investing more than $10 billion this year in data centers and offices across the United States. “These investments will create thousands of jobs — including roles within Google, construction jobs in data centers and renewable energy facilities, and opportunities

Apple CEO Tim Cook said Wednesday during Apple’s annual shareholder meeting that the Apple TV+ streaming service will offer only original programming. Apple TV+ launched late last year, with a reported $6 billion budget that’s being spent on original characters and new shows. It’s not what Apple TV+ is about, it’s about original programming,” Cook said. “We’re going to be focused on original programming,” Cook said. Apple is offering a free year of Apple TV+ with purchase of an Apple device, whi

Looking for a new job in a new city can be scary, especially when considering job opportunities, cost of living and worker satisfaction. But according to job searching platform Glassdoor, many workers aren’t afraid to make a move: Nearly 30% of the more than 668,000 weekly applications filled out on its platform are from job-seekers looking to move to a new metro area. With thousands of open positions added to the economy each month, Glassdoor used data from its platform to create a list of the

This summer, the company will implement “open hiring” — a hiring process that employs anyone on a first-come first-serve basis without asking about criminal and educational backgrounds — in all of its North American stores. “For us it’s not about filling roles and hiring more people,” said Andrea Blieden, the U.S. general manager for The Body Shop. Courtesy of Greyston BakeryHow ‘open hiring’ beganThe concept of open hiring is often credited to Greyston Bakery, which was established in 1982 in Y

My partner earned three times my salary—here’s how we made it work”Sharing your bank accounts in a relationship is probably the most intimate thing you can do,” says Bernadette Joy Maulion, a blogger and YouTube personality.

This is where some of the world’s richest men shop for clothesLocated on the world-famous Rodeo Drive in Beverly Hills is Stefano Ricci, a high-end men’s boutique where the world’s richest men shop for clothes.

Steve Jobs, as Apple Computers chairman, John Sculley, as president and CEO, and Steve Wozniak, co-founder (l-r) unveiling the Apple IIc computer in San Francisco on April 24, 1984. In September of 2019, behemoth retailer Walmart announced its goal to become “America’s Neighborhood Health Destination” and launched its first Walmart Health center in Dallas, Georgia. The center offers primary care, labs, X-rays, EKG scans, counseling, dental, optical, hearing and community health education service

You may have heard that you need to save $1 million over the course of your lifetime to retire comfortably. But it can be confusing to know how much that means you need to be saving right now. To reach a total of $386,100 by 67, the youngest millennials (age 24) need to have $8,775 already set aside, while the oldest millennials (age 39) should have about $140,400 stashed away in retirement savings. Here’s a breakdown by age:Doing the math on retirement savingsBlacktower’s calculations assume yo

That’s something that I think a lot of people messed up on, they make things more complicated than they need to.” Crew sale section wasn’t going to cut it; their budget needed a complete retooling if they were going to live debt-free. They also sold off one of their two cars and unneeded clothing and furniture to make their frugal lifestyle work. They are completely debt-free (they paid off one home and sold the other), and Maulion runs her own financial consulting business. She would like to re

But findings from one new report offer some motivation to draft a good elevator pitch, even in a time when cover letters are becoming increasingly optional. Cover letters only matter if job seekers do thisWhile cover letters can give candidates a leg up on the competition, they come with a major caveat. The only 3 things to include in your cover letterWhile workers should be detailed about their qualifications on a resume, they need to be quick — and creative — when it comes to their cover lette