This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: At least 3,113,447. Global deaths: At least 216,930. Most cases reported: United States (1,011,877), Spain (232,128), Italy (201,505), France (169,053), and United Kingdom (162,350). The data above was compiled by Johns
Month: April 2020
Starbucks on Tuesday said that its fiscal second-quarter global same-store sales fell 10% as the coronavirus hit sales in its two largest markets, the United States and China. The company also warned that its fiscal third-quarter results will take an even bigger hit from the pandemic, even as sales in China begin to recover. Shares of
After a strong run last year, the profitability of Singapore banks is expected to fall sharply in 2020. That’s due to the coronavirus pandemic, as well as a crash in oil prices that brought down some of the major energy traders in the Asian financial center. A glimpse of that earnings hit could come this
In the time since nonessential businesses began to close their doors in March to prevent the spread of the coronavirus, the U.S. labor market has wiped out all the job gains it made in the decade since the Great Recession. With roughly 26.5 million Americans now out of work who have filed for unemployment, many
Investors should look to sectors that lately have been “completely eviscerated” as the U.S. economy seeks to recover from the coronavirus crisis, Morgan Stanley’s Mike Wilson told CNBC on Tuesday. “We’re bullish overall, and we just think there’s more upside in potentially some of the laggard areas,” Wilson said on “Fast Money.” “That’s not saying anything bad
Image Source | Getty Images When it comes to coronavirus stimulus checks, many say $1,200 isn’t enough. Millions of those one-time payments are still on their way to Americans. The coronavirus shutdown, however, could have economic effects for months. Now, political leaders are turning to proposals for putting more income in Americans’ hands. “Others have
CNBC’s Jim Cramer on Tuesday criticized banks for approving small business loans to larger companies that were not meant to benefit from the federal Payroll Protection Program. “I just want to know who made the bad loans. Somebody did,” Cramer said on “Squawk on the Street,” suggesting the names of the banks who facilitated the
TOPLINE With Russia recording a new daily high in its number of new coronavirus cases and deaths on Tuesday, President Vladimir Putin extended the country’s lockdown measures for another two weeks, warning that the worst of the outbreak is still to come. “We must prepare for a tough road ahead,” the Russian president said. Alexei
Painting A Front Door Creates A Memorable First Impression Getty Here are some DIY projects to boost your home’s resale value and appeal. It’s no surprise homeowners are looking to DIY ideas to fill their time and hopefully add value and appeal to their home. A recent report by Placer.ai, saw visits to Home Depot
In this pool image, Vice President Mike Pence Visits the Mayo Clinic Rochester Facilities, April 28, 2020. Pence is surrounded by 9 other people with masks including a patient. Press Pool Video Vice President Mike Pence on Tuesday toured the Mayo Clinic without wearing a mask despite that renowned medical facility telling him that masks
A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, March 26, 2019. Mike Blake | Reuters Southwest Airlines on Tuesday posted its first quarterly loss since 2011 and predicted “no material improvement in air travel trends” this spring as coronavirus devastates demand. The Dallas-based airline
A masked pedestrian carrying water bottles walks past the Charging Bull statue in lower Manhattan on April 02, 2020 in New York City. Bruce Bennett | Getty Images This is a live blog. Check back for updates. 7:49 am: Caterpillar says first-quarter sales decline 21%, does not give 2020 outlook because of pandemic Caterpillar experienced a
Laura Jayne Massaro has dreamed of running her own business ever since she discovered her passion for dog grooming. After countless trainings and apprenticeships, she was finally able to open Hair of the Dog mobile grooming spa in 2015. Her unique dog-spa-on-wheels allows her to serve a multitude of neighborhoods while also making it easier
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls
Local residents line up outside the food pantry Bed Stuy Campaign Against Hunger to receive free food during the COVID-19 pandemic on April 23, 2020 in the Bedford-Stuyvesant neighborhood of Brooklyn, New York. Due to increased levels of unemployment, the lines at the daily food pantry have been getting longer. (Photo by Andrew Lichtenstein/Corbis via
[The stream is slated to start at 3 p.m. TIME ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump on Tuesday is slated to deliver remarks on the Paycheck Protection Program. The government relief program offers forgivable loans to small businesses that keep employees on
TripAdvisor’s Massachusetts headquarters. AP Photo/Steven Senne Topline: As the coronavirus pandemic keeps Americans confined to their homes, nearly every industry has been negatively impacted by the disease, and businesses losing out on cash flow have started laying off workers. Here’s who’s axed staff so far: Airlines & Transportation Air Canada will lay off 5,100 members
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 3 million Global deaths: More than 210,800 Most cases reported: United States (987,022), Spain (229,422), Italy (199,414), France (165,962), and Germany (158,434). The data above was compiled
This is breaking news. Please check back for updates. 3M shares jumped Tuesday after the manufacturing conglomerate reported first-quarter earnings and revenues that topped Wall Street’s expectations as demand for safety equipment and cleaning products spiked amid the coronavirus pandemic. The company said in a release that it saw a mix of results across its
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Caterpillar experienced a sales drop of 21% in the first quarter as the coronavirus pandemic disrupted demand in the construction and mining sectors. The industrial giant on Tuesday reported revenues of $10.6 billion in the
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