US director Steven Spielberg poses during a photocall for his film ‘Indiana Jones and the Kingdom of the Crystal Skull’ at the 61st Cannes International Film Festival on May 18, 2008 in Cannes, southern France. Indiana Jones’ iconic bullwhip will no longer be in the hands of director Steven Spielberg. On Wednesday, Variety reported that Spielberg will not direct the fifth movie in the Indiana Jones franchise and director James Mangold (“Ford v. Ferrari”) is now in talks to take the helm. Spielbe

With the new website, customers will be able to check out with one click. “We have [website] traffic, but because functionality isn’t great, you may not get the whole way to checkout,” he said. Lowe’s shares were down more than 4% on Wednesday, while Home Depot shares edged up less than 1%. Home Depot shares, which have a market cap of $259 billion, have gained more than 26% over the past year. Lowe’s shares are valued at $87 billion, and are up about 9% over the same period.

And while the company reported its second straight quarter of same-store sales growth in North America with an increase of 3.5%, full-year same-store sales growth in the region still fell 2.2%. Papa John’s said it is gathering real-time information from its team on the ground and is monitoring the spread of the virus closely. For the full year 2020, Papa John’s is currently guiding for international same-store sales growth of between 1.5% to 4%, and the company reported international same-store

Wall Street analysts were shocked after Disney announced on Tuesday that its long-time CEO Robert Iger would step down and become executive chairman effective immediately. The media giant said chairman of Disney parks, experiences and products, Bob Chapek will take over. While analysts urged investors to remain calm, many questioned the timing amid coronavirus outbreak, the launch of Disney+, and integration of Fox assets among other things. Shares of the company were down 1.16% in early trading

A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019. (This story is for CNBC Pro subscribers only.) The coronavirus driven market sell-off has pushed bond yields to record lows as investors fled to safe havens from risky assets. But history shows some equities get a boost from from plunging rates. These stocks are often stable companies that pay hefty dividends, which can look more and more attractive in a world of low yields.

Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides and Social Capital CEO Chamath Palihapitiya pose together outside of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Virgin Galactic Chairman Chamath Palihapitiya thinks the recent rally by Wall Street’s favorite speculative stock is not the sign of a bubble, pointing instead to the space tourism company’s growing demand from possible customers. Shares of Virgin G

Traders work in the S&P 500 options pit at Cboe Global Markets Inc. in Chicago, Illinois. (This story is for CNBC Pro subscribers only.) The coronavirus wiped trillions of dollars from the U.S. stock market during the two-day sell off this week, but the crazy trading could actually end up benefiting certain stocks.

Chamath Palihapitiya speaking at the 2017 Delivering Alpha conference in New York on Sept. 12, 2017. Billionaire investor Chamath Palihapitiya disagrees with Berkshire Hathaway chairman Warren Buffett on the value of bitcoin, as Buffett declared earlier this week that cryptocurrencies have “no value.” “He is completely wrong and outdated on this point of view,” Palihapitiya said on CNBC’s “Squawk Box” on Wednesday. Buffett thinks that cryptocurrencies “don’t produce anything” and have zero value

A contractor views the construction site of a residential building in New York. (This story is for CNBC Pro subscribers only.) Long-maturity bond rates tumbled to record lows amid the monster sell-off triggered by the coronavirus fears. While most stocks have been battered on economic growth concerns, this environment can bode well for one specific group of stocks, Wall Street analysts said.

At a recent record high, the Dow’s performance since Trump’s election exceeded 60% before falling more than 10 percentage points amid the sell-off. These calculations measure the percent price change of the Dow over a given period and exclude fixed returns like dividends. “In the 22 prior four year cycles, the S&P 500’s median gain was 9.26% with positive returns nearly three quarters of the time,” he added. He did so earlier this month, when the U.S. stock market hit all-time highs. “New Stock

Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,” said the effects of the virus would soon begin to appear in corporate earnings and the global supply chain. “I think we’ve reached a tipping point here, and that is if we can’t get this thing contained soon — that is, probably sometime this week — then it’s going to come t

President Trump: Coronavirus risk to American people remains very lowPresident Trump holds a news conference on the coronavirus and what the government is doing to prepare.

Cramer’s exclusive interview with Toll Brothers CEOJim Cramer spoke exclusively today with Toll Brothers CEO Doug Yearley after the company’s stock took a 14 percent hit in Wednesday’s trading. Investors sold after the company released its quarterly report missing earnings estimates. Revenue was also below forecasts.

How Discover credit cards became a card for the massesDiscover is the sixth-largest credit card issuer in the U.S. and consistently tops the J.D. Power customer satisfaction survey. However lately, the stock has been struggling.

Bryan R Smith | ReutersSo long as the coronavirus poses a threat to global economic growth, bond yields are likely to stay around the record-low levels where they’ve been trading as the disease threatens to morph into a pandemic. U.S. government bonds have been a safe haven for investors amid cascading losses on Wall Street. Bond market pros see a variety of reasons for the trend lower, including but not limited to the coronavirus outbreak. Wednesday’s rally on Wall Street briefly stunted the U.

Jeffrey Gundlach, DoubleLine Capital CEO and Wall Street “bond king,” is pointing the finger at Democratic presidential hopeful Bernie Sanders for the market’s tumultuous rout this week. Gundlach wrote in an email to CNBC’s Scott Wapner, referring to the S&P 500. The S&P 500 wiped out a whopping $1.7 trillion in just two sessions earlier this week. “Maybe this is the dark side of momentum investing (which is exactly what defines ‘passive’),” Gundlach wrote. Gundlach has previously said that Sand

The trade war and coronavirus outbreak helped demonstrate that retail supply chains have become too reliant on China, former CEO Terry Lundgren told CNBC on Wednesday. For example, the beauty industry is less exposed than footwear, which is “greatly” impacted by any supply chain issues in China, he said. Tech companies such as Apple and Microsoft have warned about impacts to their business, as have retail companies such as Under Armour. Overall about 20% of the retail supply chain is exposed to

“I think you can add quite a bit of sell-off to what” the Democrats are saying in debates, the president said. “I think the financial markets are very upset when they look at the Democrat candidates standing on that stage making fools out of themselves.” President Donald Trump said in a press conference Wednesday that he believes the stock market will recover its steep, multiday losses and said that fears a Democrat could win the election contributed substantially to the sell-off along with the

Sen. Patrick Toomey said he will support the nomination of Judy Shelton to the Federal Reserve, removing a key obstacle to her confirmation. The Pennsylvania Republican said Wednesday he received assurance that Shelton does not favor devaluing the dollar to combat lower currencies in other countries. During a contentious confirmation hearing Feb. 13 before the Senate Banking Committee, Toomey grilled Shelton, whom President Donald Trump nominated, on her views regarding competitive devaluation.

Microsoft shares fell 2% in extended trading on Wednesday after the company said it doesn’t expect to meet the quarterly revenue guidance it previously provided for the segment that includes Windows. The move comes during a week that has seen a market selloff amid fears about the virus. Last week Apple disclosed that it did not expect to reach its own quarterly revenue guidance as a result of impact from COVID-19. Earlier this week HP, one of the biggest sellers of Windows PCs, said that corpora