An aircraft operated by British low cost airline Easyjet moves past other aircrafts as a rainbow is seen at Amsterdam Airport Schiphol on March 9, 2020 in Schiphol, Netherlands. Yuriko Nakao | Getty Images Shares of major U.S. airlines got a respite Friday on expectations that the government will provide targeted financial relief from the
Month: March 2020
CNBC’s Jim Cramer praised President Donald Trump’s latest response to the coronavirus outbreak on Friday, calling the private sector involvement “a very big deal.” “These are real companies, and they want to do something about it,” Cramer said on “Closing Bell.” “This is not a bunch of bureaucrats who are saying, ‘We ought to do
Democratic presidential candidate former Vice President Joe Biden reacts while giving a speech during a campaign event at Tougaloo College on March 08, 2020 in Tougaloo, Mississippi. Jonathan Bachman | Getty Images Former vice president Joe Biden’s $4 trillion tax plan would raises taxes on higher income households both in life and at death, according
Workers wearing protective gear spray disinfectant to help prevent the spread of the COVID-19 coronavirus, at a subway station in Seoul on March 13, 2020. – UNG YEON-JE/AFP via Getty Images) Jung Yeon-Je | AFP | Getty Images This is a live blog. Please check back for updates. Global cases: At least 136,895, according to
Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Gap Inc. on Thursday reported fourth-quarter earnings and sales that topped analysts’ estimates, as it announced a slew of new leadership changes. Its shares initially jumped more than 5% in after-hours trading on the news. The stock was recently up about
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images JPMorgan Chase said that two employees at its headquarters in New York City had the coronavirus, the first confirmed instances at the biggest U.S. bank. The company said that two separate cases were found recently,
Omar Marques | LightRocket | Getty Images Bitcoin lost its allure as a safe-haven asset this week. The world’s first and most widely held cryptocurrency dropped 50% over the past two days. Bitcoin — sometimes referred to as “digital gold” — fell more than 30% Friday to its weakest level since March 2019, according to
U.S. President Donald Trump speaks during a meeting with Leo Varadkar, Ireland’s prime minister, not pictured, in the Oval Office of the White House in Washington, D.C., U.S., on Thursday, March 12, 2020. Al Drago | Bloomberg | Getty Images Treasury Secretary Steven Mnuchin said Friday that the Trump administration would consider suspending people’s student loan payments
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 135,000, according to data compiled by Johns Hopkins University. Global deaths: At least 4,977, according to data compiled by Johns
Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19. Justin Sullivan | Getty Images Oracle shares rose as much
The Citibank Corporate Office & Headquarters is viewed in midtown Manhattan. Kevin Winter | Getty Images An employee from Citigroup’s Manhattan office tested positive for the coronavirus, the Wall Street firm said Friday. The employee was diagnosed in Singapore on Friday while on personal travel. The Citi worker was last in the Manhattan office on Friday,
Carl Icahn Adam Jeffery | CNBC Billionaire investor Carl Icahn told CNBC’s Halftime Report on Friday that his largest short position is in commercial real estate. On the broader market, Icahn said that he does “think it has a longer way down.” This story is developing. Please check back for updates. Subscribe to CNBC PRO for
If the new coronavirus interferes with your already-planned trip, don’t count on your travel insurance to provide much help. Unless you have “cancel for any reason” coverage, you might be out of luck. While some insurers have loosened their restrictions, fear of contracting the new coronavirus, or COVID-19, is not covered under a standard policy,
As the coronavirus cases spreads around the country, small business owners are beginning to feel early impacts, such as supply-chain problems and lost sales. New data from the National Federation of Independent Business show that the current effects may be limited, but worries are big. The group found that 74% of small businesses say they
Slack shares plunged in extended trading on Thursday after the maker of messaging software provided a disappointing forecast for the fiscal first quarter, citing uncertainty surrounding the coronavirus. The stock sank more than 20% to $17.03. That adds to an almost 10% drop during regular trading, as the shares fell alongside the broader market, which
A chef prepares a food delivery order at Wangfujing Quanjude restaurant on March 5, 2020 in Beijing, China. Zhao Jun | China News Service | Getty Images BEIJING — In an indication of how deep the economic shock of the new coronavirus is, many of China‘s hardest-hit businesses are still struggling because their workers haven’t returned.
As the coronavirus spreads across the globe, and travel disruptions — from visas cancellations to flight suspensions — increase by the day, many people are wondering what to do about their summer holidays, if anything at all. Will the situation be worse this summer — or better? Which countries will be safe? And is flying
Former Treasury Sec. Jack Lew said Thursday the coronavirus pandemic does not look like the financial crisis and that the federal government should focus on the health crisis and wages for workers before addressing issues with major companies. “It is incumbent on policy makers to look at fiscal tools very carefully and to target them
Countries around the world are scrambling to rein in the coronavirus and understand its ultimate medical and economic impacts. One prominent business school is using the turmoil as a learning opportunity. The Wharton School at the University of Pennsylvania will soon begin offering a new course about the coronavirus — the disease that’s infected nearly 128,000
Volunteers from the Italian Red Cross purchase medicines for those who cannot leave their homes in Castiglione della Pescaia, while Italy is fighting a coronavirus outbreak in Castiglione della Pescaia, Italy March 12, 2020. Jennifer Lorenzini | REUTERS This is a live blog. Please check back for updates. Global cases: At least 125,288, according to
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