By every measure, the job market is getting grim. With many non-essential businesses forced to close, workers across the country are suddenly facing extended furloughs or lay-offs. The unemployment rate jumped to 4.4% — from 3.5% — its highest level since August 2017, and it will likely climb much higher. “There’s no avoiding a substantial rise in
Month: April 2020
Senator Marco Rubio (R-FL) Michael Brochstein | SOPA Images | LightRocket | Getty Images Senators acknowledge they will have to pass another emergency bill to limit the damage from the coronavirus pandemic, Sen. Marco Rubio said Monday. The Florida Republican, chairman of the Senate Small Business and Entrepreneurship Committee, said Congress will likely have to
European markets are set to open higher Monday as the rate of new coronavirus infections appears to be slowing in the region. London’s FTSE is seen 92 points higher at 5,493, Germany’s DAX is seen 268 points higher at 9,788 and France’s CAC 40 is seen 105 points higher at 4,255 while Italy’s FTSE MIB
Oil prices dropped during overnight trading on Sunday after OPEC+ announced it was delaying its meeting initially scheduled for Monday, stoking fears on the Street that a production cut might face hurdles. U.S. West Texas Intermediate crude fell 9.2% to trade at $25.72 per barrel, while international benchmark Brent crude dipped 8.7% to $31.15 per
Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California. Astra Rocket builder Astra, a San Francisco-area startup, recently reduced its staff through a mix of furloughs and layoffs in order to survive delays caused by the coronavirus pandemic, a person familiar with the situation told CNBC. Astra cut its overall
SIphotography | Getty Images It’s been about a week since Congress pushed through a new bill that will send $1,200 stimulus payments to millions of Americans. And your questions about who is eligible for that money and how soon it could arrive keep on coming. Individuals with adjusted gross income of up to $75,000 stand
Nadia, a 4-year-old female Malayan tiger at the Bronx Zoo, that the zoo said on April 5, 2020 has tested positive for coronavirus disease (COVID-19) is seen in an undated handout photo provided by the Bronx zoo in New York. WCS | Reuters A tiger at the Bronx Zoo in New York has tested positive
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York City, New York, U.S., March 6, 2020. Andrew Kelly | Reuters U.S. stock futures rose on Sunday night as Wall Street tried to recover from another decline last week while investors shook off rising tensions between
One of the advantages of being in the investment business for as long as I have is that, in times of incredible market distress, I get to invoke that wry and somewhat misleading saying, “Well, this isn’t my first rodeo.” Another advantage is that my past was full of so many research assignments that I
Author Simon Sinek speaks on stage during the Massachusetts Conference For Women 2019 in Boston on Dec. 12, 2019. Marla Aufmuth/Getty Images for Massachusetts Conference for Women 2019 Motivational speaker and author Simon Sinek also prefers to include another title alongside his name: optimist. Sinek’s books include titles like, “Find Your Why: A Practical Guide
Ursula von der Leyen, incoming president of the European Commission, left, speaks during news conference at the European Parliament, in Strasbourg, France, on Tuesday, July 16, 2019. Bloomberg | Bloomberg | Getty Images European tech industry groups are stepping up their lobbying efforts to ensure the EU supports start-ups hit hard by the coronavirus crisis.
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 1.2 million Global deaths: At least 65,711 US cases: At least 312,245 US deaths: At least 8,503. The
A Cal Fire firefighter monitors a burning home as the Camp Fire moves through the area on November 9, 2018 in Magalia, California. Justin Sullivan | Getty Images First responders are preparing for raging wildfires that they expect will consume thousand of acres and drive some residents from their homes in upcoming months. But this
Rolling coins is one way of teaching kids about money. Michelle Fox | CNBC With many schools shut down to protect against coronavirus exposure, many parents have found themselves in a new role: teacher. So why not add some personal finance to your lesson plans? “This is the most amazing opportunity for doing things with
Protective masks for sale are displayed in a store in the Bushwick neighborhood of Brooklyn on April 2, 2020 in New York City. Stephanie Keith | Getty Images As the fight against the coronavirus continues, states are emphasizing the shortage of personal protective equipment for their health-care and front-line workers. Companies like Apple, AB Inbev and
People wearing protective masks walk through Lu Xun Park in Shanghai, China, on Thursday, April 2, 2020. Qilai Shen | Bloomberg via Getty Images This is a live blog. Please check back for updates. Global cases: At least 1,197,405 Global deaths: At least 64,606 Top 5 countries: United States (308,850), Spain (126,168), Italy (124,632), , Germany
A man cleans up on the trading floor, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2020. Lucas Jackson | Reuters The coronavirus pandemic has roiled capital markets, but it has also led to something that was once unthinkable on Wall Street:
Damircudic As the country grapples with an unprecedented pandemic that’s left millions of Americans unemployed, the U.S. Department of Education is giving most federal student loan borrowers a break from their monthly bills until at least October. That reprieve started on March 13 and goes until Sept. 30. And during that time, no interest will
A few hours before the expected launch of a federal program to dole out at least $350 billion in loans to small businesses struggling amid the coronavirus pandemic, none of the participating banks interviewed by CNBC are sure they’ll be ready. From massive global institutions with trillion dollar balance sheets to regional banks and small
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: At least 1,134,418. Global deaths: At least 60,115 US cases: At least 278,458 US deaths: At least 7,159 The data