Month: May 2020

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 4.09 million Global deaths: At least 282,553 Most cases reported: United States (1,329,072), Spain (224,350), United Kingdom (220,449), Italy (219,070), Russia (209,688)   The data above was compiled by
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Getty It appears that two New England businessmen took the concept of “free money” way too far. David A. Staveley (a/k/a Kurt D. Sanborn) of Andover, Massachusetts, and David Butziger of Warwick, Rhode Island, have been accused of conspiring to illegally obtain funds through the Paycheck Protection Program (PPP). The PPP offers billions of dollars in potentially forgivable
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©GoodIdeas – stock.adobe.com It’s time to rethink what “safe” investing really is The stock market can get pretty crazy. That is nothing new. But when the bond market offers little income, and bond price swings start to resemble that of stocks, it’s a sign. Specifically, instead of trying to pull blood from the old stone
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Getty Some say the U.S. economy should be reopened and this is happening in many states beginning this week. Others say keep the economy on lockdown as cases of Covid-19 continue to rise. It is difficult to reopen the economy with stress in the banking systems. U.S.’ biggest bank, JPMorgan Chase JPM , has increased
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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 million Global deaths: More than 279,300 Most cases reported: United States (over 1.3 million), Spain (over 223,500), Italy (over 218,200), United Kingdom (over 216,500), Russia (over
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TOPLINE Warning that the coronavirus crisis will have a more profound impact on the economy than initially expected, senior executives are increasingly concerned with the survival of their companies, a recent survey by consulting firm West Monroe shows. Business leaders are increasingly concerned with survival, including burning through cash reserves. Wang Chun/VCG via Getty Images
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