Stocks tumble on coronavirus fears—Here’s what five experts say investors should watch now3 Hours AgoStocks tanked on Monday after more cases of the coronavirus were confirmed over the weekend, ratcheting up worries over the virus’ impact on the world economy. Four experts weigh in on what the long and short-term implications of the virus could mean for the economy and the markets.

Oppenheimer lowered its price target on Estee Lauder to $210 per share from $230 per share. American Express — American Express shares dipped more than 3% after an analyst at Stephens downgraded them to equal weight from overweight. Clorox — As the broader market sold off on China virus worries, shares of Clorox rose more than 2%. Wynn Resorts, Las Vegas Sands, MGM Resorts — Shares of major hotel and casino chains dropped on fears the coronavirus would dent travel. Shares of Wynn Resorts dropped

The declines followed confirmations of more cases of the virus and several large U.S. companies’ suspension of their business in China. Professional market watchers and commentators, including CNBC’s Jim Cramer, were largely in agreement that the stock market’s pain wouldn’t last long. We don’t see a blow to the capital stock yet, and we all hope we’re not going to see it. But I don’t think the initial reaction is necessarily to cut earnings. Jim Cramer, host of “Mad Money,” even suggested doing

Once panned by Wall Street as a socialist with “crazy” ideas, Sen. Bernie Sanders is finally commanding attention from investors. Molina Healthcare, an $8 billion health insurance company based in Long Beach, California, dropped 3.1%. Sanders election odds vs. health-care stocksThe red line is Sanders’ odds to win the Democratic nomination via PredictIt.org. His yearslong crusade against private health insurance and support for “Medicare for All” was a central pillar of his 2016 campaign as well

Beyond Meat shares climbed as much as 7% Monday after it announced an expansion of its partnership with Denny’s. The latest news comes as Beyond Meat competes with its main rival, Impossible Foods, for sought-after partnerships with American fast-food chains. Since it went public in May of last year, Beyond Meat has announced partnerships with Subway, Del Taco, KFC, Dunkin’ Brands and others. As the stock slumped from its peak, Beyond Meat announced a secondary offering and shares fell more than

Kraft Heinz snack brand Planters is pausing paid advertising behind a campaign about the apparent death of its animated mascot, Mr. Peanut, after a helicopter crash Sunday killed nine people, including retired NBA superstar Kobe Bryant and his 13-year-old daughter Gianna. The spokesman said that the pause impacts paid advertising on channels such as Twitter and YouTube and some other outreach. Planters last week released a cryptic tweet with a link to a video showing Mr. Peanut sacrificing himse

President Donald Trump’s impeachment trial in the Senate resumed Monday as his legal team lays out its case for acquittal. Former independent counsel Ken Starr, also part of the president’s legal defense team, took the lead on Monday, giving a lengthy overview of the history of impeachment in the United States. A whistleblower report on Trump’s Ukraine dealings – made public in September – triggered the probe. The president’s legal team began its defense on Saturday, following three days of evid

Makan Delrahim, U.S. assistant attorney general for the antitrust division, listens during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 30, 2019. The department is scheduled to post an advertisement for positions, potentially on Monday, for additional attorneys, paralegals with an interest in tech and others to work in San Francisco to focus on the tech industry, one of the sources said. Big tech companies like F

The continued spread of the coronavirus appears to be hitting global markets like a similar outbreak in 2003, but the history of recent health scares and market internals may mean the pullback won’t last long and investors are currently overreacting. Markets also slumped in early 2003 amid an outbreak of severe acute respiratory syndrome, or SARS, but many major indexes finished the year strong. The Wuhan coronavirus is still much smaller than the SARS outbreak of 2003, according to official num

Latency arbitrage is one of the ways high-frequency traders profit to the detriment of slower trading investors. Better prices are snatched up by high frequency traders before regular investors. In all, more than 20% of the total trading volume the FCA tracked was found to come from these latency arbitrage races. “Our main estimates suggest that eliminating latency arbitrage would reduce the cost of trading by 17%.” The FCA study looked at trading activity from August 2015 to October 2015.

Specifically, average hourly earnings growth of just 2.9% from the same period a year ago marked the first time that metric had been under 3% since July 2018. Not so, says Goldman, which expects the unemployment rate to continue to drop and for the December wage number to be an aberration unlikely to persist. Why wages will riseThe calendar made a significant impact on that December hourly earnings number, he said. “At the heart of our wage growth (and inflation) forecast is a view that declinin

Visitors wearing masks walk past Shanghai Disney Resort, that will be closed during the Chinese Lunar New Year holiday following the outbreak of a new coronavirus, in Shanghai, China January 24, 2020. Disney, McDonald’s, Starbucks and other U.S. companies with significant footprints in China are suspending operations and instituting travel restrictions as they respond to the outbreak of the coronavirus. The virus has now taken the lives of at least 82 people in China and sickened 2,900 worldwide

And the growth of employees working from home isn’t exclusive to those who make their home office their primary workplace. An additional 7% of full-time workers reported telecommuting four days or more per month, according to the Federal Highway Administration. That’s because working from home requires discipline, whether that be ignoring distractions during the day or setting your work hours for when you’re most productive. You have to approach it just like you do if you’re going to work,” Hann

Roku, a video streaming device manufacturer and smart TV software licenser, was the best performing U.S. tech stock of 2019 — and its shares rose 337% for the year. Walmart, which has been a longtime partner of Roku’s, is a brand partner and sells exclusive Roku devices within its stores. It’s not just product launches and partnerships impacting Roku’s stock. That same day, Roku’s stock fell 4% in extended trading hours. The latest on Roku stock

Retired L.A. Lakers superstar Kobe Bryant, who died in a helicopter crash on Sunday, told CNBC in 2016 he hoped people would remember him more for investing than basketball in 20 years. “Playing basketball, the focus is always on winning — winning championships, winning championships, winning championships,” Bryant said during a CNBC “Squawk on the Street” interview. Bryant founded venture capital firm Bryant Stibel in 2013 with Jeff Stibel, previously CEO of Web.com and The Dun & Bradstreet Cr

24 April 2018, Germany, Berlin: Head of Amazon Jeff Bezos and his wife MacKenzie Bezos arrive for the Axel Springer award ceremony. The drop in Bezos’ stake was reported in the Friday filing, under her ex-husband and Amazon CEO Jeff Bezos’ name. Jeff Bezos retains sole voting control of MacKenzie Bezos’ stake, which now stands at 19.5 million shares, or about 200,000 fewer shares than the 19.7 million she received as part of their divorce. Bezos became one of the world’s wealthiest women followi

U.S. health officials are currently monitoring 110 people across 26 states for the coronavirus, including the five patients who contracted the deadly infection in China and brought it back to America. “We understand that many people in the United States are worried about this virus and how it will affect Americans,” Messonnier said. The CDC is trying to speed up testing and to get the tests in the hands of state health officials. U.S. health officials have warned that the flu or other respirator

Neil Gorsuch, associate justice of the U.S. Supreme Court, left, and Brett Kavanaugh, associate justice of the U.S. Supreme Court, attend the U.S. President Donald Trump’s State of the Union address to a joint session of Congress at the U.S. Capitol in Washington, D.C., U.S., on Tuesday, Feb. 5, 2019. The Supreme Court said on Monday that it will allow the Trump administration’s “public charge” rule to take effect after the immigration policy had been blocked by lower courts. The case could even

Following the coronavirus outbreak in China, developer Ndemic Creations’ Plague Inc. saw a boost in players — something that happens often when there’s an outbreak of a new illness, despite the game being eight years old. But with the surge in players, Ndemic Creations is reminding players that Plague Inc. isn’t a “scientific model” and people interested in the outbreak should seek official information elsewhere. “We specifically designed the game to be realistic and informative, while not sensa

The developers of Torchlight Frontiers, a free-to-play, shared-world version of Runic Games’ Torchlight action role-playing game series, are overhauling the game and renaming it Torchlight 3. “When we started developing Torchlight Frontiers, we were focused on creating a shared-world experience,” said Max Schaefer, CEO of Echtra Games and co-founder of the Torchlight franchise. “During development, you often discover what type of product a game was meant to be and we found Torchlight Frontiers w