This is a live blog. Please check back for updates. All times below are in Beijing time. 8:23 am: Apple donates almost 2 million N95 masks to New York Apple has donated 1.9 million N95 masks to the state of New York, Gov. Andrew Cuomo said on Wednesday. “We are so grateful to Apple for
Month: April 2020
This photo taken on March 23, 2020 shows employees eating during lunch break at an auto plant of Dongfeng Honda in Wuhan in China’s central Hubei province. STR | AFP | China As the second quarter begins in China, it’s an altered landscape in the coronavirus-stricken economy with businesses that remain shut — some for good.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | REUTERS Heading into earnings season, investors should expect delayed reports, withdrawn forecasts and confusing results from U.S. businesses grappling with the coronavirus shutdown. There is a general consensus that company earnings are going
shot of social security card Kameleon007 People who receive Social Security benefits and who do not submit tax returns will not have to file in order to get a government stimulus check. The announcement by the Treasury Department and Internal Revenue Service on Wednesday night reverses earlier guidance that said those people would have to
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 873,767. Global deaths: At least 43,288. US cases: At least 189,633. US deaths: At least 4,081. The data above was compiled
Self-employed and gig workers may have to wait a little longer than other jobless Americans to get their unemployment benefits. The new coronavirus relief law significantly expanded the financial assistance it gives to out-of-work Americans, partly by expanding pay to groups of workers who were previously ineligible. But the claims-filing process for these groups has
Analysts have warned that falling oil prices will lead to a wave of consolidation or bankruptcies in the U.S. energy sector, and the Street got its first taste of what could be to come when U.S. shale producer Whiting Petroleum filed for bankruptcy on Wednesday. “The oil patch is falling apart … This is the other
NoDerog | iStock | Getty Images There may be a catch for individuals who typically don’t file a tax return but are expecting to receive a stimulus check. They may have to send a return to the government in order to get paid. New guidance was released on Monday by the IRS, which said there
Marlin Steel’s Liston Clise shows off a Covid-19 test rack Source: Marlin Steel Marlin Steel Wire Products is busy making wire racks for covid-19 test kits. Still, the company is going to pursue a paycheck protection loan because of concerns clients will stop paying their bills or slow buying because they are strapped during the
Companies reduced payrolls by 27,000 in early March before the worst of the coronavirus-induced economic freeze, according to a report Wednesday from ADP and Moody’s Analytics. Actual losses for the month were far worse as indicated by the millions of people who already have filed unemployment claims. Wednesday’s report covers the period through March 12.
A man runs past the New York Stock Exchange (NYSE). Bloomberg This is a live blog. Check back for updates. 8:22 am: US companies cut 27,000 jobs before the worst of the coronavirus shutdown hit, ADP report shows 8:17 am: Oaktree Capital’s Howard Marks says its time to buy, but moderation is key Oaktree Capital co-chairman
George Milling-Stanley has sometimes been referred to as the “godfather” of the gold business. While at the World Gold Council, he was one of a small group that helped create the SPDR Gold Trust (GLD) in 2004, now the world’s largest gold exchange-traded fund with over $50 billion in assets. He is now chief gold
Carlina Teteris | Getty Images Your 401(k) account may be one of the few places where you were saving for your future. Now it all seems on hold as market values plummet and the whole world seems uncertain. Created by a change to the 1978 tax code, the 401(k), as it has come to be known, lets
This is a live blog. Please check back for updates. Global cases: More than 856,900 Global deaths: At least 42,081 Top 5 countries: United States (187,919), Italy (105,792), Spain (95,923), China (82,278), and Germany (71,808) The data above was compiled by Johns Hopkins University as of 7:58 a.m. Beijing time. All times below are in
U.S. stock futures moved lower in overnight trading and pointed to declines at the open on Wednesday, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off. Dow Jones Industrial Average futures fell more than 1.2%, indicating a loss of about 220 points. The
A pedestrian wearing a protective mask walks along Wall Street in front of the New York Stock Exchange (NYSE) in New York, U.S. on Monday, March 30, 2020. Michael Nagle Bloomberg | Getty Images Oaktree Capital co-chairman Howard Marks is leaning toward a more negative outlook because of the uncertainty from the coronavirus pandemic, but
Don’t be surprised if your employer pauses its contributions to your 401(k) plan during the U.S. economic downturn. As the coronavirus pandemic wallops the economy, and businesses deal with dropping revenue and limited cash flow, employers are exploring how to trim their obligations to those plans without violating federal regulations. Companies commonly give to worker’s
Serial entrepreneur Gary Vaynerchuk says businesses should begin to innovate in this time of crisis by thinking outside of current strategies and concepts that have always been available. Mary Stevens | CNBC As we navigate through this current landscape and uncharted waters amid coronavirus, a lot of businesses are going to find themselves in challenging