Rep. Greg Murphy, R-N.C., said Thursday he believes there are ways for businesses such as barbershops and salons to reopen safely during the coronavirus pandemic. Murphy, a urologist who was elected to Congress in 2019, said on CNBC’s ”The Exchange” that restrictions should remain in place for people who are “most at risk, most susceptible” to
Month: April 2020
TOPLINEThe coronavirus pandemic continues to take a heavy toll on business activity as this week’s batch of dismal economic data stokes concerns on Wall Street and serves as a sobering indication of just how badly the outbreak is impacting the American economy. From a collapse in retail sales and manufacturing to millions of unemployment claims,
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 2,076,000 Global deaths: At least 138,008 US cases: More than 639,600 US deaths: At least 30,985 The data
CEO of Morgan Stanley James Gorman speaks on May 6, 2014 in New York. Getty Images Morgan Stanley on Thursday posted first-quarter profit that missed analysts’ expectations, but the firm’s trading desks generated about $700 million more revenue than e. Here’s how the company did: Earnings: $1.01 a share Revenue: $9.49 billion Wealth management: $4.04 billion
This is a live blog. Here’s what’s happening: 7:55 am: Global virus cases top 2 million, Trump to announce reopening guidelines There have now been more than 2 million confirmed cases of the coronavirus worldwide, according to data from Johns Hopkins University. The United States has the most confirmed cases with more than 630,000. Spain, Italy,
A person in their car arrives to receive an unemployment application being given out by City of Hialeah employees in front of the John F. Kennedy Library on April 08, 2020 in Hialeah, Florida. Joe Raedle | Getty Images Throughout April we commemorate Financial Literacy Month, a time to recognize the work of our field,
Larry Fink, chief executive officer of BlackRock Inc., pauses ahead of a Bloomberg Television interview at the Blackrock Inc. wealth symposium in Zurich, Switzerland, on Thursday, March 7, 2019 Stefan Wermuth | Bloomberg via Getty Images Larry Fink, co-founder of the world’s biggest money management firm, told CNBC on Thursday the stock market’s coronavirus low
All in the family Melissa Stephenson, 37, asked a family member for help when she found herself at the breaking point. Source: Melissa Stephenson Melissa Stephenson, 37, who runs a flea market blog, says she found herself at the breaking point a few weeks into the quarantine. “The first two weeks, I was so overwhelmed
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 This is a developing story. Check back for updates. The Small Business
Loans may be easier to obtain with temporary new appraisal rules Getty Three federal banking regulators came together this week to announce a temporary suspension of appraisals for credit-worthy borrowers while the country prepares for the economic impact of COVID-19. The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 2 million Global deaths: At least 134,178 Most cases reported: United States (636,350), Spain (177,644), Italy (165,155), Germany (134,753), and France (134,582). The data above was compiled
The coronavirus quarter is here. Earnings season kicked off this week with big banks including JPMorgan reporting their results from a first quarter wrought with uncertainty and slowdowns in consumer activity. The most recent quarter will likely be a pivotal one when it comes to gauging how long the pandemic’s impact on the economy will
Earnings season may look ugly, but Crossmark’s Global Investments’ Victoria Fernandez isn’t getting discouraged. She believes there are opportunities in the coronavirus battered market. “We’ve seen some already. If you look at some of the health care names — UnitedHealth gave a good report,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Wednesday.
Editor’s note: This article has been updated with comment from the IRS. A tool launched Wednesday by the Internal Revenue Service to track Americans’ stimulus relief checks is not working for many, according to individuals who reached out to CNBC Make It. The Get My Payment tool is meant to give those eligible for a
Girl wearing mask and gloves in grocery store Phynart Studio New data shows the government’s coronavirus stimulus checks are providing much-needed relief to Americans struggling with day-to-day living costs. Data compiled by digital bank Current found members who received stimulus payments over the past five days spent 16% of the money on food, including takeout
Blank Social Security checks are run through a printer at the U.S. Treasury printing facility February 11, 2005 in Philadelphia, Pennsylvania. William Thomas Cain | Getty Images If you’re receiving Supplemental Security Income benefits, you will get your coronavirus stimulus payment automatically, the government said on Wednesday. The payments will come the same way you
Jason Duff, founder of Small Nation, a community developer focused on revitalizing the downtown of Bellefontaine, Ohio received his PPP funding four days after receiving the SBA E-tran loan number and said he is “extremely thankful to have that runway of cash.” Jason Duff | Small Nation Much-needed small business aid is beginning to trickle
Allie Beth Allman hands President George Bush keys to his new Dallas home in the Oval Office Allie Beth Allman Allie Beth Allman is the grand dame of Dallas real estate. Born and raised on a ranch in Graham, Texas, she has been a beauty queen, a T.C.U. college cheerleader, and a poster girl for
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 1,996,681 Global deaths: At least 127,590 US cases: More than 609,685 US deaths: At least 26,059 The data
UnitedHealthcare office Michael Nagle | Bloomberg | Getty Images UnitedHealth, the largest U.S. health insurer, on Wednesday beat quarterly profit expectations, boosted by strength across its businesses, and maintained its 2020 outlook while it continues to assess the impact of COVID-19. Shares of the company were up 2.6% at $277.50 before the opening bell. The
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