Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases speaks as President Donald Trump listens during the daily briefing of the White House Coronavirus Task Force at the White House April 13, 2020 in Washington, DC. Alex Wong | Getty Images White House coronavirus advisor Dr. Anthony Fauci on Tuesday defended
Month: July 2020
Customers sit at McDonald’s outdoor seating in Union Square as the city moves into Phase 3 of re-opening following restrictions imposed to curb the coronavirus pandemic on July 7, 2020 in New York City. Alexi Rosenfeld | Getty Images McDonald’s is expected to report its second-quarter results before the bell on Tuesday. Here’s what Wall Street
Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – The restaurant chain reported quarterly profit of 66 cents per share, shy of the 74 cents a share consensus estimate. Revenue came in above Wall Street projections. Comparable-restaurant sales were down 23.9% globally, slightly wider than the 22.8% consensus estimate.
CQ-Roll Call, Inc via Getty Images Yesterday, Senators Marco Rubio and Susan Collins released a 92 page proposed Bill for an Act that will be called the Continuing Small Business Recovery and Paycheck Protection Program Act. The Act is intended to correct some problems and a number of challenges that PPP borrowers have had, while
getty We are all dealing with greater uncertainty than usual driven by questions like: How long will we be battling Covid-19? What will the economic impact be? How will the stock market perform? And will my kids ever go back to school? Another worry that might not be on everyone’s radar is the likely increase
Demonstrators rally near the Capitol Hill residence of Senate Majority Leader Mitch McConnell, R-Ky., to call for the extension of unemployment benefits on Wednesday, July 22, 2020. Tom Williams/CQ-Roll Call, Inc via Getty Images Wage replacement Unemployment benefits offer temporary income replacement for workers who lose their jobs through no fault of their own. The
Ryan German has kept 40 employees working at his restaurant, Caffe Gelato, in Newark, Delaware. The Paycheck Protection Program provided a lifeline to help him through an unprecedented spring as the coronavirus pandemic tore through the country. The loan, now exhausted, covered seven weeks of payroll. But the restaurant is facing down an unknown future with
A smart phone with the icons for the J.P. Morgan apps. Christopher Wong | S3studio | Getty Images JPMorgan Chase is ditching plastic for some of its credit cards. The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards
Baya Build is launching an online design tool that takes just 31 clicks to design a home and has … [+] more than a trillion permutations, connected to “real life” imagery. Baya Build Recently I ordered things online that I never thought that I would; however, these are unique times. And, although I have surprised
People wear protective face masks in Koreatown as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on July 26, 2020 in New York. Noam Galai | Getty Images President Donald Trump said Monday that states should begin reopening their businesses as the coronavirus outbreak in parts of the
Hong Kong’s new tech index rose on its second day of trading as experts said its diverse list of constituents will be attractive for traders looking to invest across the sector. The Hang Seng Tech Index rose 2.64% as of 2:18 p.m. HK/SIN, beating the broader Hang Seng index which traded up 0.34%. “It’s a
By Arlene Weintraub, Next Avenue Contributor getty When Karen Tibbals of Washington, N.J. heard that more than 100,000 volunteers would be needed for late-stage clinical trials of four Covid-19 vaccines, she wanted to roll up her sleeves and get one of the experimental shots. Tibbals is 65 and has the autoimmune disease rheumatoid arthritis, raising
Getty In March of 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. It was bigger than the original Senate proposal but smaller than the subsequent House proposal. Eventually, the two reconciled, and the CARES Act became law. In May of 2020, the House introduced a new COVID-19 economic relief proposal. The bill, known as
Senate Majority Leader Mitch McConnell, R-Ky., arrives at the U.S. Capitol in Washington, D.C., on Monday, July 27, 2020. Sarah Silbiger/Bloomberg via Getty Images Unemployment benefits would be cut by nearly half in a new plan proposed by Senate Republicans on Monday. The policy would replace a $600-a-week federal boost, which lapsed over the weekend in
While large cruise ships have mostly stopped sailing due to the pandemic, smaller ships are planning to sail to Antarctica this winter. The No Sail Order issued by the Centers for Disease Control and Prevention, which is currently in effect until Sept. 30, applies to cruise ships with the capacity to carry at least 250
The vast living room has a custom curved stairs EITAN GAMLIELY Academy Award-winning actor Susan Sarandon was born in New York City, and she makes her home there. Now that her three children are grown and she requires less space, the five-bedroom Chelsea loft she purchased in 1991 is on the market. It is a
In this May 4, 2020 photo provided by the University of Maryland School of Medicine, the first patient enrolled in Pfizer’s COVID-19 coronavirus vaccine clinical trial at the University of Maryland School of Medicine in Baltimore, receives an injection. University of Maryland School of Medicine | AP U.S. drugmaker Pfizer and German biotech BioNTech said
While lawmakers go back to work on a second coronavirus relief package, Institutional Investor Hall of Famer Richard Bernstein is building strategies to cope with a more contentious market environment. Bernstein, who has spent decades on Wall Street, expects the recovery to be jagged. “Your portfolio has to be a little positioned in terms of matter
WASHINGTON, DC – JULY 20: Senate Majority Leader Mitch McConnell (R-KY) (L) listens to U.S. … [+] President Donald Trump talks to reporters while hosting Republican congressional leaders and members of Trump’s cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC. Trump and the congressional leaders talked about a
As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
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