An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Caterpillar experienced a sales drop in the first quarter as the coronavirus pandemic disrupted demand for construction and mining. The industrial giant on Tuesday reported revenues of $10.6 billion in the first quarter, a 21%
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Eduardo Munoz Alvarez | Getty Images As the coronavirus pandemic continues to escalate, doctors around the U.S. are joining lawyers and financial advisors in urging Americans to create essential documents that can help medical providers better coordinate their care. One form is an advanced directive, or living will, which states your wishes for medical care.
The price of the current oil futures contract could go to zero again even faster than the May contract did in last week’s historic plunge, CNBC’s Jim Cramer said Monday. “This has to go to zero again, because we haven’t any more space,” Cramer said on “Squawk on the Street.” “I had, Herbjørn Hansson, who’s
Pedestrians walk through Harvard Yard on the closed Harvard University campus in Cambridge, Massachusetts, U.S., on Monday, April 20, 2020. Adam Glanzam | Bloomberg | Getty Images “Many schools are tuition-dependent,” said Robert Franek, editor in chief of The Princeton Review and author of “The Best 385 Colleges.” “That really does change their financial make up
Dr. Laura Heisler is hoping that the new round of congressional funding for the Payroll Protection Program will provide a lifeline to keep her practice afloat. The chiropractor has gone from seeing 15 patients a day to an occasional emergency case over the last month, since the coronavirus pandemic hit her community in New Rochelle,
A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters Airlines stepped up policies Monday to ensure passengers and employees wear face masks on board amid concerns about the spread
HSBC building in the Canary Wharf district of London, U.K. Leon Neal | AFP | Getty Images HSBC, Europe’s largest bank, is expected to release its first-quarter financial report card today — and some investors said they’re anticipating a “dramatic” fall in earnings due to the coronavirus pandemic. The London-headquartered bank derives the bulk of its
Whether you’re trying to bail on your fifth video happy hour of the week or analyzing your boss’ décor on a company-wide conference, most of us have reached peak video chat fatigue. On social media, many people have been documenting the cringe-worthy moments of our new on-screen lives. (Zoom did not immediately respond to CNBC Make
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway, will not be taking questions at the company’s annual shareholder’s meeting alongside Warren Buffett as the coronavirus pandemic forces changes to the widely anticipated event. Instead, it will be Greg Abel, Berkshire’s vice chairman of non-insurance operations, taking previously submitted questions
Annie Nova Annie Nova | CNBC I was raised by a single mother who had no time for the kitchen, and although I wanted to be different, I wasn’t. I became dependent on Grubhub, and the tiny oven in my Manhattan apartment could go months unused. Since I never had a teacher, cooking intimidated me.
Sen. Amy Klobuchar (D-MN) speaks during a campaign rally at the Altria Theatre on February 29, 2020 in Richmond, Virginia. Zach Gibson | Getty Images Sen. Amy Klobuchar and 21 other senators on Monday urged the Trump administration to take more steps to ensure the small businesses devastated most during the coronavirus pandemic do not
A security personnel wearing protective gear (R) checks the passports of British nationals before check-in for a special flight to London during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, at the Sri Guru Ram Dass Jee International Airport in Amritsar on April 25, 2020. Narinder Nanu | AFP | Getty
Jeffrey Gundlach, CEO of DoubleLine, said on Monday the stock market could sell off again to retest the low in March as he believes investors are too optimistic about the economic recovery from the coronavirus pandemic. “I’m certainly in the camp that we are not out of the woods. I think a retest of the
As several states begin to reopen businesses, billionaire Mark Cuban says it may be too soon to do so amid the widespread coronavirus pandemic — and he has a simple litmus test for when people will feel comfortable returning to stores and offices that have been closed for weeks. “You just want to keep people safe,”
Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
Ziga Plahutar If you’ve had trouble accessing the Get My Payment tool to check on the status of your coronavirus stimulus payment, you may want to try again. The IRS announced on Sunday it had made “significant enhancements” to the web portal, which first went live on April 15. The changes are aimed at creating what
A masked pedestrian walks past shuttered shopfronts in Hollywood, California on April 23, 2020. FREDERIC J. BROWN/AFP via Getty Images Many Americans collecting unemployment benefits may be wondering: Why isn’t my check bigger? The $2.2 trillion coronavirus relief package enacted last month expanded unemployment benefits in several ways, partly by increasing jobless pay by $600
Medical staff in protective suits treat a patient with pneumonia caused by the new coronavirus at the Zhongnan Hospital of Wuhan University, in Wuhan, Hubei province, China, January 27, 2020. China Daily | Reuters The Centers for Disease Control and Prevention has added six new symptoms of Covid-19 to its website as scientists gather more data
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 19 of 30. The past few weeks have been
A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending. Even before the state shutdowns took