AndreyPopov | Getty Images Some good news – in the form of money – may be coming to Americans soon. On Tuesday, Treasury Secretary Steve Mnuchin said that the Trump administration plans to move “immediately” to send money to Americans as the coronavirus cripples the economy. “Americans need cash now,” Mnuchin said, indicating checks could
Month: March 2020
Rob Frohwein, CEO of Kabbage Adam Jeffery | CNBC Consumers who are concerned about the survival of their local businesses amid the coronavirus outbreak are finding new technology-enabled platforms that allow shoppers to buy for a better future. Online small business lender Kabbage launched on Wednesday a service called “Kabbage Payments,” which allows any business
Detroit’s Big Three automakers plan to temporarily close all U.S. factories as the coronavirus sweeps across the country. The companies bowed to pressure from union leaders and employees who called for protection from the pandemic that’s spread to more than 212,000 people in nearly every country across the globe. Ford said it plans to close
Trader Thomas Lee works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. Richard Drew | AP This is a live blog. Please check back for updates. 7:35 am: Coronavirus cases jump, worrying Wall Street A spike in coronavirus cases continues to worry investors, who are hoping for government stimulus to
U.S. President Donald Trump, joined by members of the Coronavirus Task Force, speaks about the coronavirus outbreak in the press briefing room at the White House on March 17, 2020 in Washington, DC. (Photo by Drew Angerer/Getty Images) Drew Angerer Two financial-relief measures the Trump administration is weighing to fight the economic scourge of the
Pedestrians pass a JPMorgan Chase & Co. bank branch near the New York Stock Exchange in 2018. Bloomberg | Bloomberg | Getty Images JPMorgan Chase will temporarily close about 20% of its branches and reduce staffing in the ones remaining in response to the coronavirus pandemic. “We are planning to temporarily close about 20% of our
Steven Mnuchin, U.S. Treasury secretary, right, speaks beside U.S. President Donald Trump during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Tuesday, March 17, 2020. Kevin Dietsch | Bloomberg | Getty Images. The Treasury Department won’t extend the tax filing deadline for 2019 returns,
Sen. Marco Rubio told CNBC on Wednesday he wants to use a network of lenders for an existing program to help small business employers and employees weather the economic fallout from the coronavirus crisis. “We need to start thinking about not just small business, obviously, but the people who work for them,” said the Florida
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 201,000 Global deaths: At least 8,007 US cases: At least 6,496 US deaths: At least 114 All data
U.S. package delivery company FedEx suspended its 2020 profit outlook on Tuesday, citing the “significant impact” of the coronavirus, and said it would cut costs due to the uncertainty wrought by the pandemic. Even so, the company reported quarterly revenue that beat market expectations as more businesses turned to its international express plane service to
Brendan McDermid | Reuters Investors glued to their screens as stocks tumble day after day. Central banks around the world injecting trillions of dollars into the financial system. Talk of bailing out out entire industries. For people who have been around long enough, the upheaval in markets being caused by the global covid-19 pandemic reminds
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that there’s a 90% chance the United States will enter a recession before the year is over. The “Bond King” said that last week his odds stood at 80%,
In the face of a global pandemic, millions of Americans are at risk of going without pay for a prolonged period of time. That’s more than most can manage, considering that more than three-quarters of all full-time workers are living paycheck to paycheck, according to a report from CareerBuilder. In an attempt to help, the Federal Reserve announced
CEOs across the globe are coming to terms with the reality that business will be anything but normal over the coming months as the impact of the coronavirus pandemic continues to escalate. But while revenues are set to suffer a short-term hit, the majority of leaders remain confident that their companies will be back on
Global cases: At least 184,976, according to the latest figures from the World Health Organization Global deaths: At least 7,529, according to the latest figures from the WHO This is a live blog. Please check back for updates. All times below are in Beijing time. 8:54 am: American Airlines extends time on voluntary unpaid leave options for
Stock futures dipped in overnight trading on Tuesday as the markets remained highly volatile with the government response to the coronavirus fallout unfolding. Futures on the Dow Jones Industrial Average fell about 150 points, pointing to a 300-point loss at Wednesday’s open. The S&P 500 futures were also down. Stocks rebounded Tuesday from their deepest
Some of the hottest stocks of the last couple years have been hit especially hard in this coronavirus market collapse as investors shed all risk taking. Cult trend stocks of the bull market, such as cannabis and alternative meat, are plunging even more than the rest of the U.S. market. In fact, five of the
U.S. President Donald Trump speaks while flanked by Secretary of the Treasury Steven Mnuchin (R) during a briefing about the coronavirus in the press briefing room at the White House on March 17, 2020 in Washington, DC. Drew Angerer | Getty Images Taxpayers will get a three-month reprieve pay the income taxes they owe for
United Auto Workers (UAW) acting president Rory Gamble speaks to Reuters from his office in Southfield, Michigan, November 6, 2019. REUTERS/Rebecca Cook Rebecca Cook | Reuters The United Auto Workers union said Tuesday that its leadership has requested a two-week shutdown of operations to safeguard its members during the coronavirus outbreak. In a letter to
The outside of Nordstrom’s men’s store in New York, which opened in April 2018. Source: Nordstrom Nordstrom is closing all of its stores temporarily to try to curb the spread of COVID-19. The retailer has also withdrawn its 2020 earnings outlook, due to the uncertainty of the situation. Nordstrom said it has experienced “a broad-based
- « Previous Page
- 1
- …
- 8
- 9
- 10
- 11
- 12
- …
- 22
- Next Page »