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Signs that Americans are driving more as the economy slowly reopens is helping lift oil prices, but a 60% jump in just a week may be too much, too soon. The pickup in gasoline demand is coinciding with big production cuts, and together that’s a formula for higher oil prices.  U.S. producers are halting drilling

Check out the companies making headlines after the bell. Booking Holdings — The travel booking service’s stock whipsawed in extended trading after the company released its first-quarter earnings. Booking Holdings said it had earnings of $3.77 per share excluding some items with revenue of $2.29 billion, while analysts estimated earnings of $5.64 per share on

Check out the companies making headlines before the bell: SeaWorld Entertainment – The theme park operator reported a quarterly loss of 72 cents per share, 2 cents wider than expected, while revenue fell below estimates. SeaWorld closed its parks in mid-March due to the coronavirus outbreak, but said it remains confident in the resiliency of

Luis Mora stands in front of the closed offices of the New York State Department of Labor on May 7, 2020 in Brooklyn, New York City. Stephanie Keith | Getty Images The economy lost a record 20.6 million jobs in April, but 78.3% of those worker see their layoffs as temporary. The number of employees

Lay Guzman stands behind a partial protective plastic screen and wears a mask and gloves as she works as a cashier at the Presidente Supermarket on April 13, 2020 in Miami, Florida. Joe Raedle | Getty Images Investors will watch the economy’s reopening progress, as well as a series of economic reports in the coming

An employee of Carmelina’s in the North End of Boston tapes up paper in the windows of the restaurant, which is temporarily closing during the coronavirus pandemic, on March 25, 2020. David L. Ryan | The Boston Globe via Getty Images There was a glimmer of hope in the dismal April jobs report in that

Pedestrians wearing face masks walk past a boarded up Coach store in SoHo amid the coronavirus outbreak on May 3, 2020 in New York City. Liao Pan | China News Service | Getty Images April’s jobs report will be horrific, and with the worst job losses ever, it should provide a critical look into the

A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images The number of workers who continued to collect unemployment benefits rose to a greater-than-expected 22.6 million, reinforcing economists’ estimates

Spirit Airlines aircraft seen at Los Angeles International Airport. Alex Tai | SOPA Images | LightRocket via Getty Images Check out the companies making headlines after the bell. Lyft — The rideshare company’s stock soared 15% in extended trading after Lyft reported first-quarter earnings. The company reported 21.2 million active riders in the first quarter, a

Private sector payroll data shows more than 20 million jobs were lost in April and Friday’s government report is expected to be a million more, but the more important numbers will show up in Thursday’s report on how many Americans are still filing unemployment claims. No numbers have shown the economic pain the coronavirus shutdowns

Barbie dolls for sale at a Target store. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Walt Disney — The entertainment giant’s stock was down 2% in extended trading after the company reported its second-quarter financial results. Disney reported a 58% drop in sales from parks and cruises, which was the

A pedestrian wearing a protective mask walks in front of a temporarily closed Starbucks coffee shop in Brooklyn, New York, on Monday, April 27, 2020. Gabby Jones | Bloomberg via Getty Images Check out the companies making headlines midday Tuesday: Starbucks — The coffee chain’s stock rose 2.8% after Starbucks CEO Kevin Johnson said that

Dan Rosensweig, CEO, Chegg Scott Mlyn | CNBC Check out the companies making headlines after the bell. Shake Shack — The burger chain’s stock whipsawed in extended trading after the company provided its first-quarter earnings. Shake Shack said it had earnings of 2 cents per share excluding some items on revenue of $143.2 million, while

A view outside the Disney store in Times Square on March 22, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines in midday trading.  American Airlines, Delta Air Lines, United Airlines — Airline shares came under pressure after Warren Buffett said over the weekend his Berkshire Hathaway sold all of its airline stakes

Take a look at some of the biggest movers in the premarket: Boeing (BA) – Boeing lost $1.70 per share, larger than the $1.61 per share predicted by Wall Street analysts, with revenue also below estimates. Boeing also announced plans to cut commercial jet production rates as well as reduce payroll. General Electric (GE) –

A person walks by rows of stores closed during the outbreak of the coronavirus disease (COVID-19) in New York, March 28, 2020. Andrew Kelly | Reuters Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home orders. That raises questions about how consumers will behave as the economy

The Sedco 714 oil platform, operated by Transocean, stands in the Port of Cromarty Firth in Cromarty, United Kingdom, on February 16, 2016. Matthew Lloyd | Bloomberg | Getty Images Check out the companies making headlines after the bell. Facebook — The social media giant’s stock soared 10% in extended trading after the company reported

A view of New York state department of labor office in Brooklyn New York USA during coronavirus pandemic on April 14, 2020. John Nacion | NurPhoto | Getty Images Some economists expect there were at least 4 million workers who filed for state unemployment benefits last week,  signaling the job losses could be greater than

Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending and will also

Caution tape is seen at a subway train on April 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Squeezed by a lack of ridership, the authority that runs New York City’s subways and buses may go to the Federal Reserve for a loan. The Metropolitan Transportation Authority on Tuesday delayed a