JetBlue planes at a gate at John F. Kennedy International Airport in New York. Mark Kauzlarich | Bloomberg | Getty Images Goldman Sachs is taking another step into the world of retail banking with an installment loan product that’s launching with JetBlue Airways. The bank quietly released a website for something called MarcusPay this week, allowing users to
Month: April 2020
China, the world’s second largest economy, is under threat as the pandemic wipes out jobs and slows productivity and growth. But even with the economic setback, that’s not stopping Beijing from doubling down on its geopolitical agenda. China expert Elizabeth Economy, the Council on Foreign Relations’ director of Asia studies, told CNBC’s “Trading Nation” she
For anyone who became accustomed to watching their 401(k) account balance climb higher for years on end, the market’s recent drop and continued volatility may be unnerving if not downright scary. Nevertheless, you shouldn’t let fear cause you do something that could hurt your long-term retirement planning, advisors say. “The coronavirus is certainly creating a
Jetta Productions | Iconica | Getty Images As the economy craters, small businesses are among the hardest hit. When unemployment claims began to jump nationwide in March, layoffs among small business spiked 1,021% compared to the month before, according to exclusive data compiled by human resource provider Gusto, based on more than 100,000 small businesses nationwide.
U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images Jesse Norris, 50, normally spends his time flying around the globe to do process auditing for aerospace industry clients at his one-man business, Norris Consulting.
This is a live blog. Please check back for updates. Global cases: At least 1,595,350. Global deaths: At least 95,455. Most cases reported: United States (461,437), Spain (153,222), Italy (143,626), France (118,781), Germany (118,181). The data above was compiled by Johns Hopkins University as of 7:40 a.m. Beijing time. All times below are in Beijing time. 7:55
A United Airlines plane sits parked at a gate at San Francisco International Airport on March 06, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. United Airlines — Shares of the airline rose 3% after the market closed. Treasury Secretary Steven Mnuchin said Thursday that
The CEO of Heyday, Adam Ross, saw his skincare company go from the busiest weekend ever to completely shutdown overnight. The impact of Coronavirus on all 11 of Heyday’s retail shops in three states has been devastating. Ross candidly shares his story of leadership from the “eye of the storm” including the painful layoffs, tough
Getty Images Millions of taxpayers missed out on a pile of tax write-offs when they filed their returns last year. In all, 16.7 million households claimed itemized deductions on their 2018 income tax returns, according to data from the IRS. That’s down from 46.2 million taxpayers during the 2017 tax year. The decline is the
Some small business owners waiting for a lifeline in the form of Paycheck Protection Loans under the $2.2 trillion stimulus package have held out hope that a second and smaller form of aid might keep them afloat in the meantime. But as demand spikes for federal funds, new guidance and stalled payouts from the Small
A map of Northeast United States showing decrease in air pollution levels due to coronavirus stay-at-home measures. NASA Across the U.S., air and vehicle traffic has dropped dramatically over the past several weeks as people stay inside and halt their daily routines to slow the spread of the coronavirus. Air pollution has temporarily declined too. The
Getty Images At some point, the biggest American companies are going to tell their employees it’s time to leave home and return to work. That decision will be fraught with risk without widespread testing for the COVID-19 virus. For some industries, such as Wall Street banks, ubiquitous testing is essential to bringing back their workforce
[The stream is slated to start at 6 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 Thursday, in what has become a daily affair, amid signs that the curve is flattening in some
James Gorman, chief executive officer of Morgan Stanley Qilai Shen | Bloomberg | Getty Images Morgan Stanley CEO James Gorman fell ill with the coronavirus about three weeks ago and has since recovered and been cleared by physicians, according to a company spokesman. The executive remained in charge of Morgan Stanley the entire time he
As more than 16 million Americans have lost their jobs in the last three weeks, many have scrambled to apply for unemployment insurance to help cover their expenses. And some workers age 62 and up may also consider tapping another source: Social Security retirement benefits. During the financial crisis, more people decided to file for
Pedestrians walk past closed shops along Lexington Avenue amid the coronavirus pandemic on April 7, 2020 in New York City. John Lamparski | Getty Images We are living in unprecedented times as our nation, and the world, grapples with an invisible enemy. The Coronavirus (COVID-19) outbreak has impacted virtually every community and institution. Still, 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 1,490,790 Global deaths: At least 88,982 US cases: More than 432,438 US deaths: At least 14,808 The data above was compiled by
Starbucks on Wednesday announced that it expects fiscal second-quarter adjusted earnings of 32 cents per share. The company’s stock fell less than 1% in extended trading. The global coffee chain also withdrew its outlook for fiscal 2020. Its fiscal 2020 revenue was expected to rise between 6% and 8% and global same-store sales growth was forecast
People gather at the entrance for the New York State Department of Labor offices in Brooklyn on March 20, 2020. The Federal Reserve estimates that 47 million people could lose their jobs before the COVID-19 crisis ends. Andrew Kelly | REUTERS This is a live blog. Check back for updates. 9:57 am: Stock gains accelerate, continue
If all goes well, Kaylee Klein, 18, will begin her freshman year at Slippery Rock University in western Pennsylvania in the fall. “She is so excited,” said her mom, Kim Klein. But now the family must also contend with the coronavirus pandemic, which has dramatically changed their financial circumstances. “I worry that, financially, it is
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