The Starwood Capital founder told CNBC on Friday he expects the stock market to mount a fast recovery once the worst of the coronavirus outbreak is over.
A payroll tax cut has not been included in the coronavirus aid package that is reportedly being finalized in negotiations between the White House and House Democrats.
Economist Mohamed El-Erian said Friday he expects trading on Wall Street to remain "choppy" but he may be starting to see light at the end of the tunnel.
Domino's Pizza is the only restaurant stock that's trading positively year-to-date as investors bet that more consumers will order pizza delivery during the coronavirus outbreak.
"By probably next week, we'll be at capacity of tens of thousands of tests a day," former Food and Drug Administration Commissioner Scott Gottlieb told CNBC.
With various weather events wreaking havoc around the U.S. — often in places unaccustomed to them — experts recommend that you review your own homeowners insurance in case Mother Nature's fury reaches you.
Bridgewater Associates, the Ray Dalio-led hedge fund giant famous for making money during the 2008 financial crisis, has posted mixed returns amid the coronavirus-led market turmoil, according to an investor with direct knowledge of the performance.