Pedestrians wearing face masks walk past the New York Stock Exchange. Michael Nagle | Xinhua via Getty Images This is a live blog. Here’s the latest. 7:28 am: Boeing expects airline passenger traffic under 25% in September 7:26 am: Dr. Fauci set to testify before Senate where he will reportedly warn of the danger of
Month: May 2020
It’s no surprise that wellness expert and author Deepak Chopra is spending his days in quarantine, meditating, doing yoga and getting lots of sleep. “I’m so happy,” Chopra tells CNBC Make It. In fact, Chopra’s quarantine routine is similar to the quiet life he lead before the Covid-19 pandemic. Chopra, 73 and founder of non-profit
Social Capital CEO Chamath Palihapitiya argued Tuesday on CNBC that Jeff Bezos is a better investor than Warren Buffett, pointing to the Amazon CEO and founder’s history of reinvesting in the business. “People used to lambaste Jeff Bezos for not being profitable, but when you looked under the hood, he was the single best investor of our generation,
OJO Images | Getty Images Millions of Americans have eagerly awaited their $1,200 stimulus checks only to find that the amount they received was less than they expected. That has left them asking one question: Why me? If that’s you, brace yourself for disappointment. The IRS is now providing answers with new guidance. Here’s a
TOPLINE The market opened slightly higher on Tuesday as Wall Street keeps looking ahead to a reopening of the economy, with some states continuing to lift coronavirus lockdown orders. Investors continue to assess the risks of the U.S. returning to business. John Nacion/NurPhoto via Getty Images KEY FACTS The Dow Jones Industrial Average rose 0.5%,
WASHINGTON, DC – APRIL 06: Spring flowers bloom in front of the U.S. Supreme Court. The Court … [+] “will postpone the oral arguments currently scheduled for the April session,” but “continue to proceed with the resolution of all cases argued this Term.” (Photo by Alex Wong/Getty Images) Getty Images Last week, President Trump reaffirmed the
In 1987, the US government led a collaborative initiative with a dozen semiconductor manufacturers that were on the brink of collapse due to innovative competition from overseas manufacturers. The federal government led the charge of this consortium, called Sematech, in order to gain and sustain a healthy place in the growing market of semiconductors, pulling
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 4.17 million Global deaths: At least 285,690 Most cases reported: United States (1,346,723), Spain (227,436), United Kingdom (224,332), Russia (221,344), and Italy (219,814). The data above was
A customer looks at a newly purchased Toyota Motor Corp. vehicle at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images Toyota Motor on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. Jeenah Moon | Reuters Stocks futures rose slightly in overnight trading on Monday as investors evaluated the latest attempts to reopen the economy. Futures
As many restaurants around the world remain closed because of the coronavirus pandemic, one restaurant in Amsterdam, the Netherlands, is experimenting with a new way to dine out. Mediamatic ETEN, a vegan restaurant at the arts center Mediamatic Biotoop, set up greenhouses to test out allowing diners to follow social distancing measures while still eating
US Treasury Refund Check Thomas Winz Millions of Americans have received their federal stimulus checks in the past four weeks. The IRS has updated its data on just how much emergency relief has been sent. And it shows which states received the most money. Congress gave the green light through the Cares Act for the
People are reflected in a closed store window, as the spread of the coronavirus disease (COVID-19) continues, on Main Street near the Breckenridge Ski Resort in Breckenridge, Colorado, U.S., April 13, 2020. Shannon Stapleton | Reuters Lia Hakim was excited to get her $292,000 loan from the federal Paycheck Protection Program to cover payroll at
Getty “When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.’” This quote by Fred Rogers, the soft-voiced creator of PBS’ Mister Rogers’ Neighborhood, couldn’t be more apropos today. Thankfully, personal finance helpers
FARMINGDALE, NEW YORK – APRIL 30: An employee at D’Addario & Company works on manufacturing face … [+] shields (Photo by Bruce Bennett/Getty Images) Getty Images Employee relief funds are a smart way for employers to help employees in need, particularly during times like the current Coronavirus (COVID-19) crisis. These funds, when run by independent
Palmetto Bluff is a 20,000-acre residential resort that does not look or feel like a development. … [+] Located in Bluffton, South Carolina, it is paradise for anyone who loves outdoor pursuits with a touch of sophistication. Courtesy of Palmetto Bluff Palmetto Bluff, the residential resort in Bluffton, South Carolina, is paradise for anyone who
The Food and Drug Administration over the weekend issued emergency use authorization for a rapid and cheap coronavirus test. The test may only be about 85% accurate, but it’s nonetheless a crucial step toward increasing the country’s ability to monitor for new coronavirus outbreaks, former FDA Commissioner Scott Gottlieb told CNBC. Public health specialists have
What a difference a year may make. CFRA’s Sam Stovall believes stocks will return to all-time highs in the next 12 months. “In other bear markets going back to 1929, and the average 13 month advance was 50%,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Monday. “We have a very good possibility
As states begin to lift stay-at-home orders, some of the first businesses to shut down in March to minimize the spread of coronavirus are now beginning to reopen their doors. Workers within the retail, restaurant, hospitality, service and meatpacking industries are getting calls from their employers that it’s time to get back to work. But
Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Virgin Group founder Sir Richard
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