Republican billionaire Ken Langone praised the health-care industry, public service workers and drug companies in the fight against the coronavirus but bashed the news media. In an interview Monday on CNBC’s “Squawk Box,” Langone said the media’s coverage of the Trump administration’s efforts against the outbreak is too aggressive because the country needs to be united. ”Don’t
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India was already under pressure from a variety of financial and credit stresses going into the coronavirus shock; now the difficulties to implement lock-down measures will slow down the containment of the virus, which is the necessity for a market and currency recovery, says Ray Farris from Credit Suisse. 03:12 12 minutes ago
Neel Kashkari, president of the Minneapolis Federal Reserve, in an interview on February 17, 2016. David Orrell | CNBC Minneapolis Federal Reserve President Neel Kashkari said Sunday he expects the path to economic recovery from the coronavirus pandemic will be a “long, hard road,” pouring cold water on hopes for a “V-shaped” rebound. Kashkari, who
China, the world’s second largest economy, is under threat as the pandemic wipes out jobs and slows productivity and growth. But even with the economic setback, that’s not stopping Beijing from doubling down on its geopolitical agenda. China expert Elizabeth Economy, the Council on Foreign Relations’ director of Asia studies, told CNBC’s “Trading Nation” she
3M N95 particulate filtering face mask are seen at a store in East Palo Alto, California, United States on January 26, 2020. Yichuan Cao | NurPhoto | Getty Images Industrial company 3M announced Friday that it is suing a New Jersey company for alleged price gouging and illegal trade practices involving N95 respirators, a key
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020. Kevin Lamarque | Reuters With a series of moves that take it still deeper
Federal Reserve Vice Chairman for Supervision Randal Quarles addresses the Economic Club of New York in New York City, October 18, 2018. Brendan McDermid | Reuters The Federal Reserve Main Street lending program targeting mid-size businesses should be up and running in a few weeks, a senior central bank official said Friday. Vice Chairman Randal
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images After weeks of lobbying, fintech companies are officially allowed to take part in the U.S. government’s emergency lending program. PayPal and Intuit QuickBooks announced Friday evening that they were approved by the Small Business Administration to take
ROME, ITALY – MARCH 14: People watch tv as Italian Prime Minister Giuseppe Conte delivers his speech on the new economic measures due to Coronavirus emergency on March 14, 2020 in Rome, Italy. Franco Origlia Italian Prime Minister Giuseppe Conte on Friday extended a nationwide lockdown to contain the coronavirus until May 3, though he
Americans owe more than $1.7 trillion in student debt. And if you’re like many current or prospective parents, you want your kids to go to college without taking on massive loans. But knowing how much to save and the best way to save it can be a challenging task for new parents already running low
The CEO of Heyday, Adam Ross, saw his skincare company go from the busiest weekend ever to completely shutdown overnight. The impact of Coronavirus on all 11 of Heyday’s retail shops in three states has been devastating. Ross candidly shares his story of leadership from the “eye of the storm” including the painful layoffs, tough
[The stream is slated to start at 6 p.m. ET. Please refresh the page if you do not see a player above at that time.] Members of the coronavirus task force are expected to hold a press briefing Thursday, in what has become a daily affair, amid signs that the curve is flattening in some
People waiting in line at an unemployment office. Yellow Dog Productions A coronavirus relief bill unveiled Tuesday would significantly expand unemployment benefits for Americans who lose their jobs due to the country’s recent economic contagion. The measure would beef up the nation’s unemployment insurance program, a state-administered program that provides temporary income support for out-of-work
David Goetsch, co-executive producer of “The Big Bang Theory,” on the show set. David Goetsch I can’t stop reading the news about the coronavirus and its impact on the economy. My brain is hardwired to obsess on a crisis, even one which doesn’t impact me directly. Everything else gets pushed to the periphery while one
JohnnyGreig | E+ | Getty Images We are in a challenging time, facing rapidly evolving information about the coronavirus and the effects on how we work and live. Markets continue to function and are reflecting this constant change, which means greater volatility. Those circumstances don’t make it easy for investors to stay in their seats.
Five years after my husband died, I wrote in my journal: “I am so much more than just a widow. I’m a thriving independent woman!” Yes, I was firmly in Stage 3 of widowhood — transformation — after navigating the first two phases of grief and growth. Like many other women who also have also
Wealthy New Yorkers fleeing the city are driving up the prices of rentals in the Hamptons and Hudson Valley, with rates more than tripling for some properties. As New York City considers “shelter in place” rules and the number of coronavirus cases skyrockets, New Yorkers who can afford it are decamping to more rural locales.
The private-jet industry is asking Congress for bailout money, even as many private jet companies say sales are strong as wealthy flyers avoid commercial flights. The National Business Aviation Association, or NBAA, which represents private-jet companies and corporate jets, sent a joint letter with other industry groups to congressional leaders saying the industry is facing
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Thursday that whatever happens on the other side of the coronavirus crisis CEOs should not benefit more than their employees. “I like anything that protects the works,” Cramer said on “Squawk on the Street.” “We can not have the fat cats make money at the
U.S. President Donald Trump, joined by members of the Coronavirus Task Force, speaks about the coronavirus outbreak in the press briefing room at the White House on March 17, 2020 in Washington, DC. (Photo by Drew Angerer/Getty Images) Drew Angerer Two financial-relief measures the Trump administration is weighing to fight the economic scourge of the