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 1,359,398. Global deaths: At least 75,945. US cases: At least 368,449. US deaths: At least 10,993. The data
Month: April 2020
Take a look at some of the biggest stocks moving before the market opens: Exxon Mobil – Exxon Mobil said it was cutting 2020 capital expenditures by 30% and cash operating expenses by 15%, with the moves designed to put it in the strongest possible position when the energy markets improve. Slack Technologies – The
Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren Woods said that the company’s dividend is safe for the time being. “A lot of our shareholders are retail shareholders — people who depend on that dividend — so we’ve been pretty committed to maintaining that
damircudic Stay … Assuming there’s no outstanding loan, ask yourself if there’s a chance you’ll return to this employer. “If yes, leave it alone,” Parks said. “There are provisions to let you rejoin the plan, and you will get credit for time served.” You could stay in the plan, most likely, if your account balance
A Monopoly club at a library is used to teach financial literacy to teenagers. ASTRID RIECKEN | The Washington Post | Getty Images Americans are still receiving a failing grade at personal finance, according to the latest results from an annual study. And it could not come at a worse time, with the coronavirus pandemic
Health workers wear protective masks as they observe a minute’s silence at the entrance of the Hospital Doctor Peset in remembrance of nursing staff who have died due to coronavirus (COVID-19) on April 06, 2020 in Valencia, Spain. Rober Solsona | Europa Press News | Getty Images The World Health Organization is urging countries to
The coronavirus chaos has turned a historical market trend on its head. According to Bespoke Investment Group co-founder Paul Hickey, buying and holding stocks in extended hours trading has morphed into a losing proposition for investors. Typically, it has been a time frame that’s more profitable than buying at the open and selling at the
Younger investors have lately been buying shares of cruise lines, two Wall Street strategists told CNBC on Monday. TD Ameritrade‘s JJ Kinahan said Royal Caribbean and Carnival Corp. have been two stocks that the brokerage firm’s millennial clients have added to their portfolio in the month of Month. “At first you might be like, ‘Oh
If you already are paying on a loan from your 401(k) account and lose your job amid the coronavirus pandemic, that borrowed money could generate a tax bill you weren’t expecting. Although the latest round of economic rescue legislation provides relief for coronavirus-related withdrawals from 401(k) plans, loans that already have been in repayment are subject
Jen Morrow is eagerly awaiting an update from her community bank, Sandy Spring, on a $30,000 loan request for her book store, Bards Alley, in Vienna, Virginia. Since the start of the coronavirus outbreak, Morrow has gone from 12 employees to a staff of just three, including herself, as her bookstore — typically filled with book
An indoor garden at the American Dream. Source: American Dream It is becoming even harder to call American Dream a megamall. Instead, the roughly 3 million-square-foot development that sits alongside a bustling highway in East Rutherford, New Jersey, is morphing into more of an ultimate amusement park. More like Disneyland if it fit under one roof. With shifts
Traders work on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters Dow Jones Industrial Average rallies 1,627 points The Dow surged 1,627.26 points, or 7.73%, to close at 22,679.99. The S&P 500 gained 7.03% to end the day at 2,663.68. The Nasdaq Composite jumped 7.33% to 7,913.24. Stocks
Blue Origin’s headquarters in Kent, Washington. Blue Origin Jeff Bezos’ space venture Blue Origin confirmed on Monday that two employees at its Seattle-area headquarters tested positive for coronavirus. The employees, who are married couple, work at Blue Origin’s headquarters in Kent, Washington and were last in the office about two weeks ago. The company has
Victor Maffe | iStock / 360 | Getty Images The government is just getting started in sending out $1,200 in stimulus relief money it promised to millions of Americans. Many already say it won’t be enough. A recent survey from SimplyWise, a retirement income technology company, found that 63% of respondents said they will need
A framing art gallery is closed in Venice Beach, California’ during the COVID-19 novel coronavirus. APU GOMES/AFP via Getty Images Some small-business owners are growing increasingly worried that loan money being distributed as part of the coronavirus relief package will run out before they can access funds. The Paycheck Protection Program, which is being overseen
This is a live blog. Please check back for updates. Global cases: More than 1.27 million Global deaths: At least 69,300 Top 5 countries: United States (337,072), Spain (131,646), Italy (128,948), Germany (100,123), and France (93,773) The data above was compiled by Johns Hopkins University as of 8 a.m. Beijing time. All times below are
Take a look at some of the biggest movers in the premarket: Slack Technologies (WORK) – The provider of the popular workplace messaging platform announced a $600 million debt offering due in 2025, convertible into cash, stock, or a combination of both depending on the holder’s preference. Zoom Video Communications (ZM) – Credit Suisse downgraded
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Jamie Dimon said that in a “extremely adverse” downturn in the U.S. economy, JPMorgan Chase would probably consider suspending its dividend to preserve capital. The biggest U.S. bank by assets has entered the coronavirus-induced crisis
People use a Bank of America automated teller machine in Washington. Nicholas Kamm | AFP | Getty Images Bank of America said Monday that it’s seen fierce demand for emergency rescue loans with current applications already accounting for nearly 10% of the entire amount allocated by Congress. The bank confirmed that it has received applications
An American Airlines passenger jet (Boeing 737) lands at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images American Airlines on Sunday slashed service to the main airports serving New York City, as the region, a coronavirus hotspot, becomes more isolated. The Fort Worth, Texas-based airline said it will
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