JPMorgan strategist Kolanovic, who called comeback, sees new highs ahead as hedge funds jump in

The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images (This story is for CNBC Pro subscribers only.) JPMorgan’s market guru Marko Kolanovic believes the market is poised for new highs as hedge funds … Read more

Apple Maps driving activity is slowing again in warning sign for the economy

A view of traffic at rush hour on FDR Drive as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 25, 2020. Noam Galai | Getty Images As coronavirus cases surge across the United States, data from navigation app Apple Maps shows a slowdown in … Read more

New York City public schools won’t fully reopen for its 1.1 million students this fall, Mayor de Blasio says

A teacher collects personal belongings and supplies needed to continue remote teaching through the end of the school year at Yung Wing School P.S. 124 on June 09, 2020 in New York City. Michael Loccisano | Getty Images New York City public schools, the nation’s largest school system, won’t fully reopen this fall as the … Read more

Supreme Court says Trump administration can let religious employers deny birth control coverage under Obamacare

Demonstrators gather outside the U.S. Supreme Court in Washington, U.S., July 8, 2020. Jonathan Ernst | Reuters The Supreme Court on Wednesday voted 7-2 to uphold rules established by the Trump administration that would allow employers with sincerely held moral or religious objections to deny their employees access to free contraceptive coverage.  The rules broadened a … Read more

You may soon lose unemployment benefits — and that extra $600 a week — if you’re not hunting for jobs

You may soon lose unemployment benefits — and that extra 0 a week — if you’re not hunting for jobs

The exterior of New York Hardcore Tattoos on the first day of re-opening as New York City officially begins ‘Phase Three,’ of opening on July 06, 2020. Spencer Platt/Getty Images Many states are pushing jobless residents to get back to work — and are using their unemployment benefits as leverage. State officials are re-imposing rules requiring … Read more

Stocks making the biggest moves premarket: Nikola, Apple, Biogen, Intersect ENT & more

A view of the charging Bull with a woman in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images Check out the companies making headlines before the bell: Intersect ENT (XENT), Medtronic (MDT) — Shares of Intersect ENT popped 35% after Bloomberg News reported Medtronic has made an … Read more

Homebuyer mortgage demand spikes 33% as rates set another record low

After a brief pullback at the end of June, homebuyers rushed back into the mortgage market last week, taking advantage of record-low mortgage rates. Mortgage applications to purchase a home rose 5% for the week and were a remarkable 33% higher than a year ago, according to the Mortgage Bankers Association’s index, which was seasonally … Read more

Chief Justice John Roberts was briefly hospitalized last month for head injury after fall

United States Supreme Court Chief Justice John Roberts poses for the court’s official portrait in the East Conference Room at the Supreme Court building November 30, 2018 in Washington, DC. Chip Somodevilla Chief Justice John Roberts was briefly hospitalized last month after he fell and suffered an injury to his forehead while walking near his … Read more

JK Rowling criticizes ‘cancel culture’ in open letter signed by 150 public figures

“Harry Potter” author J.K. Rowling Rob Stothard | Getty Images J.K. Rowling has joined 150 authors and academics in denouncing the so-called “cancel culture,” which refers to the online shaming of individuals who have done or said something that angry social media users consider objectionable or offensive. The world-famous author of the “Harry Potter” series … Read more

‘The anxiety is so high’: Going back to school won’t look the same this year. Here’s what it means for retail

A Wal-Mart Stores Inc. associate organizes school supplies at a Wal-Mart Stores Inc. location in the Porter Ranch neighborhood of Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Nobody really knows what the back-to-school shopping season is going to look like this year — not retailers, parents, students nor teachers.  Anxiety is running … Read more