China Photos | Getty Images News | Getty ImagesFollowing its pork crisis, China’s poultry farmers are now in dire straits because of the coronavirus outbreak. Millions of chickens may soon perish in coming days as much-needed feed is not getting to them in time. The letter said transportation is basically paralyzed, and most large-scale farms will face severe shortage of feed soon, which will hit operations. According to China’s state-owned Global Times, there are around 348 million chickens in

The Thai baht has flipped from Asia’s strongest currency in 2019 to one of the region’s worst performing this year, following an outbreak of a new coronavirus that originated from China. The Thai currency has lost around 4.1% against the U.S. dollar so far this year, reversing almost half of its 7.9% gains against the greenback in 2019. Trinh Nguyen, senior economist at French investment bank Natixis, said on Thursday the second-largest economy in Southeast Asia has been too dependent on externa

Even though Huawei has a tiny presence in the U.S., American companies like Verizon will still use patented technology from Huawei. That’s because the Chinese firm holds over 87,000 patents globally with 11,000 of those being in the U.S.Huawei has filed two lawsuits against Verizon alleging the U.S. carrier infringed patents held by the Chinese telecoms giant. CNBC reported last year that Huawei was in discussion with Verizon over royalty payments. Huawei has used legal means to try to fight bac

European markets advanced on Thursday as earnings dominate investor focus and fears over the coronavirus outbreak start to fade. The pan-European Stoxx 600 climbed 0.5% in early trade, with banking stocks rising 1.5% to lead gains as all sectors and major bourses entered positive territory. Global markets received a boost over night as China announced that it will halve tariffs on hundreds of U.S. goods worth about $75 billion. The broad index closed 1.1% higher at 3,334.69, led by strong gains

China on Thursday announced that it will halve tariffs on hundreds of U.S. goods worth about $75 billion. Retaliatory tariffs on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, according to a statement from China’s Ministry of Finance. The cuts apply to about $75 billion worth of imports from the U.S. that was slapped with tariffs on Sept. 1, 2019, according to a separate statement on the ministry’s website. A separate article on the website noted the cut in tariffs wa

Stocks in Asia were traded higher on Thursday after the S&P 500 soared to a record high overnight on Wall Street. Stocks in Japan jumped minutes after the market open, with the Nikkei 225 up 1.43% and the Topix index gaining 1.35%. Meanwhile, stocks in Australia were higher in morning trade, as the S&P/ASX 200 gained around 0.7%. Overall, the MSCI Asia ex-Japan index traded 0.39% higher. Reuters cited reports on Wednesday that said a research team at Zhejiang University had found a drug to treat

The view of the WuhanKeting in Wuhan, central China’s Hubei Province. 7:33 am: China reports 563 total deaths, and 28,018 confirmed casesChina’s National Health Commission said that as of Wednesday night, a total of 28,018 cases have been confirmed and 563 people have died in the country. There were 3,694 new confirmed cases. There were 73 additional deaths, with most of them in Hubei province. 7:04 am: Hubei reports an additional 70 deathsChina’s Hubei province reported an additional 70 deaths

Even smart people can do dumb things when it comes to money. In “The Dumb Things Smart People Do With Their Money,” she outlines 13 common and costly financial mistakes people make, like investing in complicated financial products they may not understand, including precious metals or reverse mortgages. Why it’s so easy to make money mistakesOver the years, Schlesinger says, she couldn’t understand “why is it that I’m hearing from these incredibly smart people who consistently do dumb things with

Unlike many rewards cards, cardholders don’t have the option to redeem rewards at any time for any amount. How Costco Anywhere Visa® Card rewards workHow to redeem Costco credit card rewardsCostco credit card reward certificate FAQsCostco Anywhere Visa Card rewardsCardholders can benefit from a tiered rewards program that’s geared toward frequent commuters, travelers and foodies. Learn more: Read CNBC Select’s Costco Anywhere Visa Card reviewFAQs: Costco credit card reward certificateHow will I

Japanese 10,000 yen and U.S. 100 dollar banknotes are arranged for a photograph in Tokyo, Japan, on Sept. 7, 2017. “The market is starting to brush off the coronavirus,” said Erik Nelson, currency strategist, at Wells Fargo Securities in New York. In afternoon trading, the dollar rose 0.3% against the yen to 109.79 yen, after earlier rising to a two-week high of 109.84 yen. It also rose 0.5% versus the Swiss franc to 0.9735 franc. The euro, meanwhile, fell 0.4% to $1.0994, pushing the dollar ind

Gold rose on Wednesday on bargain hunting, reversing course from a two-week low touched earlier, as investors latched on to the metal’s overall uptrend on the back of a low interest rate environment globally and lingering uncertainties. Spot gold rose 0.3% to $1,557.51 per ounce. U.S. gold futures rose 0.4% to settle at $1,560.80 per ounce. “People are coming into the market because of the lower interest rates and the loose policy of global central banks.” Lower interest rates reduce the opportu

The World Health Organization played down the media reports, saying there are “no known effective therapeutics” against the virus. Lending further support to oil was news that the Organization of the Petroleum Exporting Countries (OPEC) and its producer allies are considering further output cuts to counter a potential squeeze on global oil demand. Brent crude oil futures were up $1.40, or 2.6%, at $55.36 a barrel. “The main reason oil sold off as hard as it did wasn’t because of what we knew, it

Clorox has not seen an increase in demand amid the coronavirus outbreak, but the company has plans in place to keep shelves stocked with its cleaning products should sales pick up, CEO Benno Dorer told CNBC’s Jim Cramer on Wednesday. The comments come one day after Clorox reported quarterly results where the company’s top-line numbers were in line with Wall Street estimates and the bottom line topped expectations. “What I can tell you is that we’re leaning into inventory to be ready, just in cas

“That’s when I decided to move to Florida and start my own golf business.” “That’s because franchising offers a business model they feel comfortable with,” explains Eric Stites, CEO of the Franchise Business Review. He notes that in the Franchise Business Review’s most recent satisfaction survey of nearly 29,000 franchise owners, 85% enjoy being part of their franchise organization. Some famous franchises were founded by military veterans, including real estate giant RE/MAX, co-founded by Air Fo

People say “it’s as American as apple pie,” but maybe that needs to change to “pizza.” Google listed the top three cuisines searched in Google Maps in every state in 2019 and pizza was No. (The United States Department of Agriculture actually did a report on pizza consumption in 2014 and found about 13 percent of the U.S. population eat pizza on any given day.) Chinese food, breakfast, coffee and Mexican food were also popular among Google Mappers. Here are the three top cuisines searched in Goo

A college education is one of the most expensive investments Americans make in their lifetimes, and it’s only gotten more costly over time. To identify these career opportunities, U.S. News & World Report compiled its 2020 ranking of the top-paying jobs workers can get without a college degree. To be sure, many of these types of jobs require job-specific education and training to get ahead. 8 top-paid workers without a college education requirement, and they earn a median wage of $52,770 per yea

Money manager Catherine Wood told CNBC on Wednesday that she stands by her latest five-year price target of $7,000 per share for Tesla. “Our confidence level that this stock is heading for $7,000 over the next five years is very high,” Wood, the founder and CEO of Ark Investment Management, said on “Fast Money.” Wood’s previous five-year price target on Tesla was $6,000. Perhaps the biggest uncertainty around Wood’s price target, however, is its reliance on Tesla developing a fleet of autonomous

The “Mad Money” host checked in with the CEO of Clorox to get an understanding of how the coronavirus outbreak is impacting business. Later in the show he explained why he thinks Tesla stock will easily recover after a steep decline during the session. Jasper Juinen | Bloomberg | Getty Images’s sharp declines Wednesday were characteristic for a commonly shorted stock, so investors should not be too worried, Cramer said. “Tesla’s reversal today is something that inevitably happens to red-hot stoc

Fox Corporation said breaking news coverage of the impeachment hearings for president Donald Trump was part of the reason its cable ad revenue fell 5% in its second quarter. Revenue in the quarter rose to $3.78 billion, a 5% year-over-year increase. Advertising revenue overall grew 1% in the quarter, the company said. The preemptions refers to the practice of sticking with news coverage while covering breaking news, instead of going to scheduled ad breaks. Murdoch also touched on Super Bowl ad r

Jim Cramer: It’s a fabulous time for shareholdersCNBC’s Jim Cramer explains why investors are holding on to stocks in the wake of the State of the Union address and the first nominating contest of the Democratic primaries,