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 2.5 million Global deaths: At least 178,371 US cases: More than 825,300 US deaths: At least 45,075 The
Month: April 2020
A man walks with an umbrella outside of AT&T corporate headquarters on March 13, 2020 in Dallas, Texas. Ronald Martinez | Getty Images AT&T‘s first-quarter revenue fell short of Wall Street expectations and the company pulled its annual forecast on Wednesday, as the impact of the coronavirus outbreak overshadowed a strong growth in monthly phone
Pedestrians stand in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, March 13, 2020. Mark Kauzlarich | Bloomberg | Getty Images This is a live blog. Check back for updates. 8:08 am: Chipotle rallies 6% as digital sales surge 81% amid virus outbreak 7:58 am: Wall Street analysts see more
Peter Mallouk, president and chief investment officer of Creative Planning, says that the coronavirus downturn can be the perfect time to max out and take more risks with your 401(k). Mallouk says for younger investors, the current market is an opportunity to buy low and bet on a recovery happening before you are ready to
An Astra rocket on the launchpad in Kodiak, Alaska. Astra | John Kraus Years of private funding flowing into young and growing space companies has ground to a halt during the coronavirus pandemic, in what one firm describes as a “culling” of space companies backed by venture capital. Investment in private space companies had seen a
shot of social security card Kameleon007 The Covid-19 crisis has upended the U.S. economy. Now retirees may face another financial challenge: a lower Social Security cost-of-living adjustment in 2021. Based on data for the first quarter of 2020, the estimated Social Security COLA for 2021 could be just 0.8%, according to The Senior Citizens League,
Coca-Cola Chairman and CEO James Quincey said Tuesday that easing restrictions on business during the coronavirus pandemic needs to be done with an understanding it may not last. “We shouldn’t assume that each step forward is permanent necessarily,” Quincey said on CNBC’s “Squawk on the Street.” People must recognize that the economic restart must be done in
Happy young woman in Bluetooth headphones sit on couch study on laptop listening to music, smiling … [+] positive girl on sofa wear wireless earphones have skype or web conversation on computer Getty Coronavirus has made this an uncertain time for many industries and real estate is no exception. In light of that I reached
If waves of coronavirus infections ebb and flow until a vaccine arrives and if — as some have posited — we’re all likely to get it at some point, should we be preparing for a possible infection? The coronavirus is fatal for some, while others — between 25% to 50% according to the latest estimates — have no symptoms
An employee works on the production line of the Swire Coca-Cola Beverages Hubei Limited on March 24, 2020 in Wuhan, Hubei province, China. Getty Images Coca-Cola on Tuesday reported that the company’s global volumes have plunged 25% since the start of April. Shares of the company rose less than 1% in premarket trading. Here’s what the
U.S. stock futures pointed to modest gains at the open on Wednesday, following recent weakness in markets aggravated by oil’s massive decline. Dow futures rose 40 points, indicating a gain of about 0.3% at the open. The S&P 500 and Nasdaq Composite were also slated to open higher, with gains of 0.3% and 0.6%, respectively.
Situated on a Brooklyn city block lined with a dry cleaner, several eateries and a preschool is Woods Grove, a small storefront embellished with gold lettering. The modest exterior houses an eclectic mix of gifts and vintage items, from candles and soaps to scarves and jewelry. After two years in Brooklyn, Woods Grove’s business was
The crude oil tanker, Chemtrans Cancale, is seen anchored off shore as it waits to dock at Port Everglades on April 20, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images “Know what you own” is an old adage when investing, but it is especially important when owning investments that hold futures contracts. Just
US Senator Chuck Schumer speaks at media briefing with mayor Bill de Blasio on first death related to COVID-19 outbreak in New York CIty at City Hall. Lev Radin | Pacific Press | Getty Images Congress is hashing out the terms for the next package of federal loans for small businesses, even as millions of
Howard Schultz said Tuesday that additional funding for the Paycheck Protection Program is not adequate to help small restaurants survive the coronavirus pandemic. “What’s needed is not another version of PPP. Again, good intent but it’s the wrong medicine,” the billionaire former Starbucks CEO said on “Squawk Box.” Rather, Schultz said he believes the government needs to create
The Wee Barn in Corning, NY is 1436 square feet and includes many green features and aging in place … [+] features. Photo courtesy of Geoffrey C Warner for Downsize: Living Large In a Small House When the dust finally settles on this horrible pandemic, I predict people will be looking for a much different
[The stream is slated to start at 5:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Members of the coronavirus task force are expected to hold a press briefing Tuesday as officials across the federal, state and local levels rally to provide economic relief to Americans
Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Getty Images Netflix is set to report its Q1 2020 earnings after the bell on Tuesday. The company has seen its stock outperform the market during the coronavirus pandemic as stay-at-home orders have
A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Check back for updates. 7:16 am: Stock futures fall as historic oil decline continues Wall Street headed for another
Roughly 22 million Americans have filed for unemployment in the last month while the coronavirus pandemic upended the U.S. economy. But those numbers only account for people who’ve been able to get past site crashes, never-ending wait times by phone and other logistical challenges in order to file an unemployment claim with their state office.
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