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 3.3 million Global deaths: At least 238,380 Most cases reported: United States (1,103,115), Spain (213,435), Italy (207,428), United Kingdom (178,685), and France (167,305). The data above was
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More than 30 million Americans lost their jobs over the last six weeks. And with the economy on hold, securing another steady paycheck may take some time. That’s where unemployment insurance benefits come in. The average U.S. unemployment check was $378 at the end of 2019. In most states, those benefits would keep coming for up to 26
A woman with a facial mask passes the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Stock futures fell sharply on Thursday night as traders pored through the latest batch of big tech earnings after Wall Street wrapped up its
Helen H. Richardson | Denver Post | Getty Images If you own a home and you’re looking for some emergency funding, you may be running out of opportunities. Home equity lines of credit allow you to borrow against the equity you’ve accumulated in your home, be it for a surprise cash need or a home
NASA Administrator Jim Bridenstine, left, and SpaceX Chief Engineer Elon Musk, right, speak to press in front of the Crew Dragon that is being prepared for the Demo-2 mission. NASA/Aubrey Gemignani NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk’s SpaceX have been well worth it as the company prepares
Between the SECURE Act’s passage at the end of 2019 and the CARES Act’s passage amid the coronavirus pandemic in 2020, Americans might be struggling to keep all of the changes to retirement and tax laws straight. When it comes to retirement planning there have been a number of changes to how you can access
Anyone questioning their talents or abilities when embarking on a new career can take solace in this fact: even future Hall-of-Famers have doubts. That includes Terrell Davis, the former Denver Broncos star running back and NFL MVP, who won two Super Bowls in the 1990s. Davis, who was inducted into the NFL Hall of Fame
TOPLINE As some states begin to relax lockdown orders and allow businesses to reopen, a new report from the Penn Wharton Budget Model (PWBM) on Friday found that reopening before June could save 18 million jobs but also result in over 200,000 additional Covid-19 deaths. New findings from Penn Wharton show that reopening states in
Red Reflet Ranch, a luxury guest ranch in Ten Sleep, Wyoming, is on the market for $19,950,000. Courtesy of Hill and Hill A ranch with a private air strip and thousands of acres in Wyoming that is an ideal place to escape and can serve as either a private family compound, a corporate retreat, or
Popeyes Chicken Sandwich Source: Popeyes Louisiana Kitchen Restaurant Brands said on Friday comparable sales at its Popeyes fast-food chain surged 26.2%, surpassing Wall Street expectations, powered by demand for its popular chicken sandwiches. Still, the company’s quarterly total revenue fell 3% to $1.23 billion for the first quarter ended March 31, as stay-at-home orders due
Wall Street is closing out a painful week of earnings reports with one bright spot: Clorox reported higher profit off demand for cleaning products. As states struggle to find the balance between keeping their populations safe and allowing workplaces to restart their engines, the market is cheering news about possible Covid-19 vaccines and treatments. Gilead Sciences and
Comprehending the enormity of climate change is about as mind-bending as understanding the ultimate effect novel coronavirus SARS-CoV-2 (the virus that causes Covid-19) will have on America and the world. But a free, interactive tool made by artificial intelligence start-up HyperGiant helps put both global crises and their relationship to each other in perspective. The “ACES:
8:25 am: Wall Street analysts react to Apple earnings The tech giant reported mixed earnings on Thursday after the bell but analysts say Apple is well-positioned as the 5G cycle begins to ramps up. “We remain positive on the long-term eco-system and product development opportunities, coupled with a strong balance sheet and brand position,” Baird said.
NoDerog | E+ | Getty Images Millions of families are counting on government stimulus payments to get some financial relief amid the coronavirus pandemic. However, some are opening their bank accounts to find an unwelcome surprise: payments that exclude their qualifying children. Many complaints are coming from one particular group: individuals who are receiving government
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images This year’s Berkshire Hathaway shareholder meeting will be like no other as investors look for insight on how the conglomerate will move forward from the coronavirus pandemic and what its future holds. The meeting will be held Saturday but,
By Dick Friedman, Next Avenue Contributor Residents of Rossmoor, a Northern California retirement community, prior to the pandemic Rossmoor.com In normal times, Rossmoor, the 1,800-acre “active senior community” where I live, in Walnut Creek, Calif., is a cacophony of sound. There are the crack of the mahjong tile, the thwack of the pickleball hitting a
Mark Cuban told CNBC on Friday he believes small businesses in Texas face numerous challenges in trying to reopen safely and effectively during the coronavirus pandemic. “There’s all these downstream issues that really haven’t been addressed yet, and small businesses haven’t been provided the support they need to actually get open,” said the Dallas Mavericks owner and
TOPLINE Stocks have skyrocketed since their coronavirus low in late March, but experts are now warning that dismal economic data and lackluster corporate earnings are reasons to be skeptical of the market’s latest rally. There are reasons to doubt the stock market’s latest rally, experts say. Mark Lennihan/ASSOCIATED PRESS KEY FACTS April was the stock
Austin, Texas– While many Austin businesses will begin to open their doors again beginning May 1 amid mounting fear of the Coronavirus, don’t count on finding the bastions of the city’s legendarily rich film culture among them. Just after Texas Governor Greg Abbot rolled out the phases of his back-to-work policy on April 27– one
Getty If you’re like many investors these days, you’re warily eyeing your portfolio, wondering where the next dividend cut will come from. Fear of dividend cuts is reasonable, even if you hold the Dividend Aristocrats—the 63 S&P 500 firms that have raised their payouts for 25 years (or more). This club includes well-known names like