The company also announced that it was naming its product chief Michael Miebach as CEO. – Melloy7:03 am: El-Erian says ‘this is different,’ warns against buying the dipEconomist Mohamed El-Erian said on CNBC’s “Squawk Box” that he’s advising investors against buying the coronavirus-induced dip. Micron shares were down 1% after Bank of America downgraded the stock to underperform and also cut its view on the whole memory chip industry because of the coronavirus effect on supply chains in China an

— Vivian Kam12:55 pm: Korean Air cabin crew member tests positiveA cabin crew member of Korean Air has tested positive for the coronavirus, the South Korean airline said on Tuesday, according to Reuters. — Audrey CherPeople are wearing masks at Myeongdong on February 20, 2020 in Seoul, South Korea. However, the South China Morning Post reported that Chinese scientists are now saying the virus did not originate in a Wuhan seafood market. 9:40 am: US CDC raises travel advisory alert for South Kore

When you fill out Form 1040 on your individual tax return, you’ll be asked to declare your filing status. There are five options for filing statuses: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent children. And if you’re already married, it pays to weigh the benefits of married filing separately versus married filing jointly. Video by David FangHow your filing status can affect your tax bracketA tax bracket is a range of inco

College-level coursesLessons learned from a successful sneaker side hustle: consistency, the value of a dollar and, says Kenya Forrest, Jr., age 20, stock options trading. For several years in high school, Forrest worked at part-time jobs to save up for a pair of Air Jordan reissues. ‘We give back’Shawn Dadon, 21, at left, and his brother David Dadon, 19, are sneaker designers and philanthropists. Source: Shawn DadonShawn Dadon, 21, and his brother David Dadon, 19, have been flipping and selling

As many consumers know, your credit score plays a big role in daily life. The best way to increase your credit score comes down to paying your bills on time or reducing your credit-card balance. (The common advice is to keep revolving debt below 30% of your available credit so that your utilization rate doesn’t hurt your credit score.) Ask a relative or friend who has good credit habits to add you as an authorized user on their credit card. As long as their payments are made on time, your credit

Semis stocks have been slammed. Quint Tatro, president of Joule Financial, is using the sell-off as an opportunity to buy certain stocks on weakness. Ari Wald, head of technical analysis at Oppenheimer, says the entire semis space may need to take pause after a steep climb. The Philadelphia semiconductor index that Wald is tracking would need to fall another 2% to reach 1,760. “We’d be buying the relative leaders — LAM Research really does stand out here, coming off a new high unlike that index.

Though the Wall Street suffered one of its worse trading days in recent years, there are some bright areas in the stock market, CNBC’s Jim Cramer said Monday. Investors can consider adding defensive names like beverage giant Coca-Cola and Chips Ahoy-parent Mondelez International to their portfolios, Cramer said. Merck, Eli Lilly and Johnson & Johnson shares traded lower during the session, with Eli Lilly taking a 2.7% hit. Utilities stocks have been steady gainers within the first two months of

CNBC’s Jim Cramer shared five things investors must consider after Wall Street dragged through its worse trading day in two years. Investors should not be buying stocks on margin, or borrowing money despite the lower prices, Cramer said. “If you don’t have a decent amount of cash on the sidelines, you shouldn’t do any buying here,” he said. Investors can get a “bare minimum return” on a certificate of deposit, Cramer said. Investors with a proclivity for individual stocks can find ways to beat t

British financial technology start-up Revolut has raised $500 million in a fresh round of funding that values it at $5.5 billion. With an extra $500 million in the bank, the latest round takes Revolut’s total amount raised up to $836 million. According to data from venture capital analytics firm CB Insights, Revolut is now tied with e-commerce payments start-up Klarna as the most valuable fintech start-up in Europe. It now has a customer base of over 10 million users, with customer growth climbi

Cracker Barrel Old Country Store: “Well Cracker Barrel has been a stock that I have liked literally forever. They’re going heavily into the cloud, which is where I think they should be. Zix Corp.: “I don’t know Zix. I don’t know that. I wish I knew it, I don’t know it.”

(This story is for CNBC Pro subscribers only.) Jefferies slashed its rating on Tesla to hold in a late Monday call as the electric automaker’s monster rally this year pushed its valuation to unsustainable levels.

CNBC’s Jim Cramer explained the coronavirus-induced sell-off and broke down why investors should be alert that stocks can fall lower. The “Mad Money” host revealed promising parts of the stock market and others that are too toxic to invest in. The former hedge fund manager rattled off five questions investors must consider before buying stocks into weakness. Finding the market’s bright spotsA man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 20

Online travel conglomerate Expedia Group is cutting 12% of its workforce, or about 3,000 jobs, after a “disappointing” 2019, the company said. During that call, the company said it was targeting $300 million to $500 million of run-rate cost savings across its business. Diller and Vice Chairman Peter Kern took over the day-to-day operations at Expedia after former CEO Mark Okerstrom and CFO Alan Pickerill stepped down in December. At the time, Diller said the leadership changes resulted from disa

The online behemoth on Tuesday is opening its first, full-size, cashierless grocery store. “We’re just getting started here,” he said, declining to comment on how many of these grocery stores Amazon may open. The space in Seattle is still smaller than a typical U.S. grocery store that’s about 40,000 square feet. The Amazon Go Grocery store is meant to complement the “natural and organic” brands that people can find at Whole Foods today, he said. Source: Lauren Thomas, CNBC

Vanessa Laine Bryant (L) and Kobe Bryant attend the 2019 Baby2Baby Gala Presented by Paul Mitchell at 3LABS on November 09, 2019 in Culver City, California. Kobe Bryant’s wife, Vanessa, filed a lawsuit Monday against the company that owned the helicopter that crashed, causing the death of her husband, 13-year-old daughter, Gianna, and seven others last month. The lawsuit alleges Island Express Helicopters put the helicopter in the air when conditions were not safe for flying. The lawsuit also cl

The COVID-19 outbreak in China appears to have peaked and leveled off earlier this month even as the deadly coronavirus spreads to other parts of the world, World Health Organization officials said Monday. While cases in China have slowed, the “sudden increase in new cases” outside of the country is “deeply concerning,” Tedros said. Outside of China, there are 2,074 cases across 28 countries, including 23 deaths, he said. U.S. health officials said they are preparing for the coronavirus to becom

The coronavirus is front and center as the cause of Monday’s dramatic stock market sell-off, but investors have more on their minds. One issue that may not be getting enough credit for the uneasiness on Wall Street is the troubling slide in bond market yields. “I don’t think this would be nearly as dramatic this morning were it not for the bond market. “The message in the bond market may not be that much different in stocks,” he said. Stocks are ‘vulnerable’The bond market trends also represent

The “Options Action” traders share three options trading strategies to kick off the week. Carter Worth and Mike Khouw looked at a call calendar spread in Lowe’s. Tony Zhang illustrated a call calendar spread in Zoom Video. Mike Khouw also broke down a double diagonal in Virgin Galactic.

You got the feeling late Friday, as the market weakened, that the weekend (homonyms!) Iran, Italy, and Korea are among the next biggest hotspots outside of China. Here’s how Communist party mouthpiece Hu Xijin put it on Twitter this morning:”The risk of virus spreading widely in China has passed. Your bright spots in the market today pretty much sum things up: Zoom is up 6%, because why ever hold a conference in person again? What’s that going to mean for the U.S. housing market if the economy a

Shares of teleconferencing software company Zoom Video rose in trading as investors looked to the stock as one of the few beneficiaries from the outbreak of coronavirus. Zoom Video shares traded inversely to the rest of the U.S. market, which sold off sharply as the number of confirmed coronavirus cases outside China surged over the weekend. Zoom Video’s stock is up more than 50% this year, while the Dow Jones industrial average is down about 1.4%. Zoom Video offers videoconferencing, online mee