As part of the House bill passed on Friday to deliver relief to a battered economy, people with student debt would get some more elbow room. The U.S. Department of Education has already announced that due to the pandemic, federal student loan borrowers don’t need to make payments on their loans until at least October. And during
Ariel Skelley Like everybody else in the country, David Yeske is getting a bit stir crazy. For the last eight weeks, the founder of registered investment advisor Yeske Buie has been managing his advisory practice and serving his roughly 500 clients from his home in San Francisco as the coronavirus has spread across the country.
Michael Jordan didn’t have much down time in the summer of 1995. The Chicago Bulls superstar spent the offseason filming the movie “Space Jam” at Warner Bros. Studio in Burbank, California — plus, he was trying to get back into peak basketball shape after leaving the NBA to play professional baseball for 13 months. Jordan
Take a look at some of the biggest movers in the premarket: Moderna (MRNA) – The biotech company announced positive interim data from a phase 1 study of its novel coronavirus vaccine candidate. Moderna said dose-dependent increases in immune responses were seen across three different dose levels, and that the treatment was generally safe and
Moderna‘s closely watched early-stage human trial for a coronavirus vaccine produced Covid-19 antibodies in all 45 participants, the biotech company announced Monday, sending the company’s shares surging as much as 30% in premarket trading. Each participant received a 25 microgram, 100 mcg or 250 mcg dose, with 15 people in each dose group. Study participants received
A tax surprise could be around the corner for business owners who participate in the federal government’s forgivable loan program — unless Congress intervenes. The Paycheck Protection Program offers small businesses a lifeline in the form of a forgivable loan they can use to cover up to eight weeks of payroll costs, mortgage interest and
The Covid-19 pandemic has been going on in the United States for months, and yet many questions still remain. The biggest one for many Americans is: When will life go back to normal? And, what will that new normal even look like? As summer approaches, you may find yourself longing for events that you would
Home-buying demand is starting to come back. The number of customers reaching out to real estate agents was 5.5% higher in the week ended May 10 than it was prepandemic, according to new data from Redfin. The real estate firm also said new listings have increased every week for the past month. Also, the number
Michael Jordan wasn’t looking to make any friends on the basketball court. “My mentality was to go out and win, at any cost,” said the NBA legend on an episode of the “The Last Dance,” a 10-part documentary about his meteoric rise and the dynasty he built in Chicago. And that meant holding his teammates
Stocks may be coming off their worst week in about two months, but Bryn Mawr Trust’s Jeffrey Mills warns there are few bargains. He believes Wall Street isn’t accurately pricing in pain of the economic shutdowns. “We don’t love the risk-reward right now in the stock market,” the firm’s chief investment officer told CNBCs “Trading
Public companies that took advantage of the government’s small business loan program are likely to avoid repercussions from the agencies running the effort, according to legal experts. Businesses have until May 18 to return funds taken from the Paycheck Protection Program with amnesty, but most of the public companies that got PPP loans are keeping
A food delivery courier for Grubhub Inc. wears a protective mask in New York, U.S., on Monday, April 6, 2020. Jeenah Moon | Bloomberg | Getty Images With the survival of many independent restaurants hanging in the balance, lawmakers are stepping in to limit how much third-party delivery companies like DoorDash and Grubhub can charge
View of Brooklyn office of NYS Department of Labor as unemployment claims soar during Covid-19 pandemic, with sign on the doors asking people to apply for unemployment online. Lev Radin | Pacific Press | LightRocket via Getty Images The startling 14.7% unemployment figure released last Friday bears even more sobering news for Latino workers: Among
Rachel Ford Hutman is embracing a more natural style a few months into the pandemic Source: Rachel Ford Hutman Rachel Ford Hutman, a California blonde for years, is now embracing a more natural look. After shelter-in-place was declared in San Diego to stem the spread of Covid-19, she tried to use a coloring spray to
The coronavirus pandemic has impacted the lives of students around the world, but the college Class of 2020 may have felt those impacts harshest of all — making them the class of Covid-19. The Class of 2020 has been forced to quickly pack their lives into boxes and car trunks, rush their goodbyes to friends
Does the world of retail really need J.C. Penney? As the department store chain filed for bankruptcy protection Friday evening, some question if the company still has a place in American retail. Or if it could ever bounce back from the fatal blow it has been dealt during the coronavirus pandemic, which forced its roughly 850 stores
You may qualify for paid leave Justin Paget Qualified workers, including those telecommuting, can get two weeks of paid leave at full pay courtesy of the Families First Coronavirus Response Act. Valid reasons include being unable to work because you are under quarantine order, have coronavirus symptoms and are seeking diagnosis, or must care for
Reopening the economy may mean a lot more plexiglass. Those clear partitions, that have lined checkout counters in essential businesses like grocery stores and pharmacies during the coronavirus outbreak, could be a post-pandemic norm. Stay-at-home orders have already started lifting across the country, with nonessential businesses, like nail and hair salons, and major retailers like
Graduating students around the country will be missing out on walking down an aisle to pick up their diplomas due to the ongoing coronavirus pandemic. In order to make up for the loss, Facebook hosted a virtual graduation on Friday and enlisted a host of celebrities to offer words of encouragement. One of those celebrities
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 4.56 million Global deaths: At least 308,000 U.S. cases: More than 1.44 million U.S. deaths: At least 87,500