This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Beijing time. This blog will be updated throughout the day as the news breaks. Global cases: More than 2 million Global deaths: At least 119,483 Most cases reported: United States (682,619), Spain (170,099), Italy (159,516), France (137,875),
Month: April 2020
Getty Images If you’d planned on making a payment to the IRS on April 15 and now want to reschedule due to the coronavirus pandemic, you’re running out of time. In March, the IRS and Treasury Department announced it would give taxpayers until July 15 to file their 2019 income tax returns and make any necessary payments.
A normally busy Main Street is deserted as the small businesses that line the business district remain closed after the governor instituted a shelter-in-place order in an attempt to curtail the spread of the coronavirus (COVID-19) on March 24, 2020 in Rockton, Illinois. Scott Olson | Getty Images Even as small businesses have applied for
The Treasury Department is sending a message to large companies weighing government aid to weather the coronavirus pandemic: No free rides. Negotiations between airlines and the department over payroll grants have dragged on longer than expected after the Treasury Department requested more information and proposed additional conditions for the aid, a hint of what companies
Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Ford Motor shares dropped about 5% after the automaker warned that the coronavirus has significantly impacted its first-quarter performance, including a 15.7% drop
Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images This is a live blog. Check back for updates. 7:39 am: Stocks set to open lower U.S. stock index futures pointed to losses at the open as markets struggled to hold onto last week’s gains.
As many as 2 million veterans could miss out on the federal stimulus payments that started arriving in Americans’ bank accounts this week, prompting outcries from advocates and lawmakers on both sides of the aisle. The checks can total up to $1,200 per person and are being dispersed through the IRS, which requires eligible households
JPMorgan kicks off earnings season on Tuesday. The bad news: Short-term guidance will be very ugly. But there’s some good news: 1) The Securities and Exchange Commission has told corporations that this earnings season is not routine and has encouraged companies to provide forward-looking guidance, and not be concerned that the information may change rapidly.
Sam Edwards | Getty Images Retiring at 65 was already becoming a fading tradition before Covid-19 sank the world’s economy. Now, that traditional retirement age could fall further by the wayside as workers pick up the pieces once the economy gets going again. A survey from Allianz Life Insurance Company finds that half of Americans
CNBC’s Jim Cramer on Monday criticized the launch of the small business loan program passed by Congress last month, arguing delays are heaping more burden on business owners. “How many weeks do I have to front everybody?” Cramer said on “Squawk on the Street.” Cramer owns Bar San Miguel and co-owns The Longshoreman. Both restaurants
The World Health Organization has come under intense scrutiny for its handling of the coronavirus pandemic with U.S. President Donald Trump’s administration, China and Taiwan locked in a tussle of words. Last week, Trump blamed the WHO for getting “every aspect” of the coronavirus pandemic wrong and threatened to withhold funding from the international organization. He also said
A man wearing a face mask takes a selfie at the Charging Bull statue on March 23, 2020 near the New Stock Exchange in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were lower on Sunday night after OPEC and other oil-producing countries reached a deal on a massive production
Cyril Ramaphosa Foto24 / Contributor | Gallo Images | Getty Images South African President Cyril Ramaphosa has vowed to take action after a wave of gender-based violence, robbery and vandalism across the country. Since a nationwide lockdown was announced on March 27 in a bid to curtail the spread of the coronavirus pandemic, 148 people
Big bank stocks in India are falling like nine pins. Some investors believe that the gloominess might be overdone. Shares of private sector banks have had a wretched run of late. Investors had already cooled on the sector in recent years due to a confluence of factors: Economic growth which has slowed to a seven-year
This is a live blog. Please check back for updates. Global cases: At least 1,846,680. Global deaths: At least 114,090. Most cases reported: United States (555,313), Spain (166,831), Italy (156,363), France (133,670), Germany (127,854). The data above was compiled by Johns Hopkins University as of 8:05 a.m. Beijing time. All times below are in Beijing time. 8:45
Silhouette of Permian Basin pumpjacks taken at dusk, north of Midland, Texas, U.S. in late 2019. Richard Eden | via Getty Images Oil prices moved lower in overnight trading after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, which was finalized on Sunday after marathon discussions that
3M N95 particulate filtering face mask are seen at a store in East Palo Alto, California, United States on January 26, 2020. Yichuan Cao | NurPhoto | Getty Images Industrial company 3M announced Friday that it is suing a New Jersey company for alleged price gouging and illegal trade practices involving N95 respirators, a key
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 1.78 million Global deaths: At least 109,800 US cases: More than 530,000 US deaths: At least 20,600 The data
Neel Kashkari, president of the Minneapolis Federal Reserve, in an interview on February 17, 2016. David Orrell | CNBC Minneapolis Federal Reserve President Neel Kashkari said Sunday he expects the path to economic recovery from the coronavirus pandemic will be a “long, hard road,” pouring cold water on hopes for a “V-shaped” rebound. Kashkari, who
The U.S. economy is taking a beating from the effects of the coronavirus pandemic and, like most everyone, you’re probably feeling some impact from the stock market’s volatility. The Dow Jones Industrial Average plunged in March before soaring again, jumping 400 points on April 9. It’s still down, though, from its high of 29,551 on
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