Rick Bright, deputy assistant secretary for preparedness and response for Health and Human Services (HHS), speaks during a House Oversight and Investigations Subcommittee hearing in Washington, D.C., on Thursday, March 8, 2018. Toya Sarno Jordan | Bloomberg via Getty Images Rick Bright, one of the nation’s leading vaccine development experts and the director of the
admin
An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday said digital sales more than doubled in March, helping the company report positive same-store sales growth even as social-distancing measures roil the restaurant industry. Shares of the company
Glow Wellness | Getty Images Gyms in China‘s capital city of Beijing were forced to close again over the weekend, adding pressure to an industry that’s already seen the collapse of thousands of fitness businesses nationwide. The coronavirus, which emerged late last year in the Chinese city of Wuhan, has swept across the country and only started
Chrissy Teigen and John Legend bought a $5.1 million modern contemporary house in West Hollywood, California – just a short distance from the couple’s current Beverly Hills home, which they purchased for $14.1 million in 2016. The couple’s real estate portfolio also includes two penthouses in New York City, both located in the downtown Manhattan neighborhood
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday. It comes at a time when the market is awash with crude, storage tanks are being filled and the coronavirus crisis continues to ravage global demand. On Monday, the May contract
Add child support and alimony to the list of obligations weighing on people during this coronavirus crisis. As household finances reel from unemployment, business shutdowns and stay-at-home orders, some individuals are reaching out to lawyers to explore their options for modifying those payments. “Anecdotally, [family law] attorneys are seeing a marked increase in inquiries for
NEW YORK, NEW YORK – JULY 30: Alan Rosen visits the Build Brunch to discuss Junior’s Restaurant & Bakery at Build Studio on July 30, 2019 in New York City. (Photo by Gary Gershoff/Getty Images) Gary Gershoff Small-business owners who got a forgivable loan from the $349 billion Paycheck Protection Program must now decide what
A United Airlines Boeing 787 Dreamliner sits parked at the terminal at San Francisco International Airport in San Francisco, California. Justin Sullivan | Getty Images United shares fell close to 2% in extended trading after the airline said it’s planning a fresh stock offering, the latest measure by a carrier to raise money as the
Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Getty Images Netflix is set to report its Q1 2020 earnings after the bell on Tuesday. The company has seen its stock outperform the market during the coronavirus pandemic as stay-at-home orders have
A moment of truth is coming for the world’s biggest technology companies. They are starting to report first quarter results as the coronavirus shutdowns slam into the markets. But tech analyst Gene Munster expects a couple of widely held names to weather the storm and emerge as big winners: Apple and Tesla. “Investors will have
Roughly 22 million Americans have filed for unemployment in the last month while the coronavirus pandemic upended the U.S. economy. But those numbers only account for people who’ve been able to get past site crashes, never-ending wait times by phone and other logistical challenges in order to file an unemployment claim with their state office.
Hundreds of millions of dollars of in Paycheck Protection Plan emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said. The PPP was designed to
freemixer | E+ | Getty Images Social Security beneficiaries who do not typically file tax returns have until tomorrow to tell the government to include their dependent children in their stimulus payments. The U.S. government is in the process of deploying one-time checks of up to $1,200 to Americans who qualify, including those receiving Social
Howard Schultz said Tuesday that additional funding for the Paycheck Protection Program is not adequate to help small restaurants survive the coronavirus pandemic. “What’s needed is not another version of PPP. Again, good intent but it’s the wrong medicine,” the billionaire former Starbucks CEO said on “Squawk Box.” Rather, Schultz said he believes the government needs to create
New York Governor Andrew Cuomo (D) speaks during a press Conference at the State Capitol. Michael Brochstein | Barcroft Media | Getty Images New York’s unemployment website “collapsed” following a surge in claims after the state shuttered nonessential businesses to curb the coronavirus pandemic, putting a record number of New Yorkers out of work, Gov.
An employee works on the production line of the Swire Coca-Cola Beverages Hubei Limited on March 24, 2020 in Wuhan, Hubei province, China. Getty Images Coca-Cola on Tuesday said that the closure of movie theaters, restaurants and stadiums from the coronavirus is continuing to hurt its business, with a material impact expected on its second-quarter results. The
In the course of my 36-year career, I’ve covered five crashes in the price of oil. In two cases OPEC, OPEC + or some group of oil producers flooded the markets with crude oil to gain competitive advantage over rival countries. In two other cases, financial market shocks crushed the price of crude and in
As businesses remain closed due the coronavirus pandemic, nearly 22 million Americans have filed for unemployment during the past month. And with more layoffs expected, the job market will only continue to get more competitive. The simple truth is that most job seekers won’t get hired right away, which is why it’s important to know
The crude oil tanker, Chemtrans Cancale, is seen anchored off shore as it waits to dock at Port Everglades on April 20, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images “Know what you own” is an old adage when investing, but it is especially important when owning investments that hold futures contracts. Just
US Senator Chuck Schumer speaks at media briefing with mayor Bill de Blasio on first death related to COVID-19 outbreak in New York CIty at City Hall. Lev Radin | Pacific Press | Getty Images Congress is hashing out the terms for the next package of federal loans for small businesses, even as millions of