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 2.8 million Global deaths: At least 202,668 Most cases reported: United States (936,616), Spain (223,759), Italy (195,351), France (161,644), and Germany (156,418). The data above was compiled
Month: April 2020
A man wears a gas mask as he travels in a flight from Miami to Atlanta in Miami, on April 23, 2020. Chandan Khanna | AFP | Getty Images It’s clear that Americans have slowed their spending drastically as many industries essentially grind to a halt amid the coronavirus pandemic and job losses mount. But the
If you’ve been quarantined due to Covid-19 stay-at-home orders, you might be eager to travel again — or at least visit your favorite places. Thanks to virtual reality (VR), it is possible to “visit” places around the world without leaving home. Experts say these virtual excursions provide more than just entertainment; VR experiences, especially immersive
Equinor’s Johan Sverdrup oil field depicted in August 2019. Lundin Petroleum received its first oil from Phase 1 of the Johan Sverdrup field in early October. Ole Jørgen Bratland | Equinor Press Images Norway’s Equinor announced Thursday it will cut its quarterly dividend payment to shareholders by two-thirds, potentially paving the way for other oil
Fabian Videla Source: Fabian Videla In March, Fabian Videla realized that his 20-year-old construction and renovation company, Smarter Remodeling,in Jacksonville, Florida, might not survive the coronavirus outbreak. “People started canceling sales appointments,” Videla, 49, said. “Current customers were apprehensive about letting crews in their houses. All of a sudden, it was a massive shutdown.” Soon,
A sign alerts Potbelly Sandwich Shop customers that it is open for pick-up and takeout only due to the coronavirus outbreak in Washington, D.C., U.S., on Tuesday, March 17, 2020. Photographer: Andrew Harrer/Bloomberg via Getty Images Andrew Harrer | Bloomberg | Getty Images Potbelly said Saturday that it will return its $10 million loan from
TOPLINE Despite the coronavirus pandemic causing unprecedented financial disruptions and a major shift in the lives of American consumers, a slowdown in new cases has made Wall Street more optimistic about eventually reopening the economy— and here are 19 stocks poised to thrive in the post-coronavirus world once widespread quarantine orders are lifted, according 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 2.8 million Global deaths: At least 197,000 U.S. cases: More than 905,000 U.S. deaths: At least 51,000 The
Comstock | Stockbyte | Getty Images “Scary,” “unbelievable,” “so dramatic,” “unprecedented,” “very visceral”: These are among the choice words Wall Street veterans used to describe what was, for the oil market, a week for the history books. On Monday, for the first time on record, West Texas Intermediate (WTI), the U.S. oil benchmark, plunged below
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 18 of 30. Bank account fees keep climbing. The
A Sierra Wireless display at a trade show. Source: Sierra Wireless Lion Point Capital, run by alumni of Elliott Associates, Perry Capital and Starboard Value, struck an agreement this month with Sierra Wireless, a struggling telecom hardware maker that’s trying to become a software company. We believe Lion Point has a good chance at getting
Employee Linda Tarkenton holds a blank U.S. Treasury check before it’s run through a printer at the U.S. Treasury printing facility in Philadelphia. Getty Images People who receive benefits through either the Department of Veterans Affairs or Supplemental Security Income who have children have a new deadline if they want to get all of the
A customer tastes a beer before ordering a growler to go at Harlem Public in northern Manhattan. April 24, 2020 Spencer Kimball | CNBC Just when Kal Narvilas thought his loan applications were about to get approved, his bank delivered the bad news — there was no more money left. The $349 billion Paycheck Protection
The magnificent Art Deco lobby of 100 Barclay is protected by New York’s Landmarks Commission. Eric Laignel A New York-based real estate developer is responding to an unsettled time with an option rarely found in Manhattan’s luxury housing: would-be condominium buyers can try out their new home by renting it before committing to a purchase.
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 2,790,986. Global deaths: At least 195,920. Most cases reported: United States (890,524), Spain (219,764), Italy (192,994), France (159,495), and Germany (154,545). The data above was compiled by Johns Hopkins
Customers wearing protective masks enter a Target store in Lawndale, California, on Monday, April 20, 2020. Patrick T. Fallon | Bloomberg via Getty Images Target has seen a sharp increase in online sales, as shoppers try to limit time inside stores or avoid the trips altogether during the coronavirus pandemic, said CEO Brian Cornell. The trend has
8:00 am: Tyson downgraded on worries about planet closures Shares of Tyson Foods fell more than 1% in premarket trading on Friday following a downgrade to market-perform from outperform from AB Bernstein. The Wall Street firm said it has near-term uncertainty around Tyson’s ability to maintain production levels with closed production plants and absent workers.
The 2020 NFL draft took place virtually on Thursday night. The Cincinnati Bengals selected former LSU standout Joe Burrow with the first pick. The 23-year-old quarterback, who is among a select few to have won the Heisman Trophy and a national championship in the same season, celebrated from his home in Athens County, Ohio, with his
Fuel prices are displayed at a Phillips 66 gas station in Princeton, Illinois, U.S., on Wednesday, April 1, 2020. Daniel Acker | Bloomberg | Getty Images Some millennial investors have been duped by a complex oil ETF that is struggling to stay alive. Traders on Robinhood and SoFi Invest flocked to buy the United States
Images By Tang Ming Tung The financial hardships many Americans are now facing may have an unintended effect on their children — it may actually help their kids develop a money mindset very early. Just like children of the Depression emerged as frugal spenders, those experiencing the coronavirus pandemic may also learn important financial lessons.
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