Month: April 2020

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
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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
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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.
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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
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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
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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
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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
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