3D printed swabs Source: University of South Florida Each day, New Jersey does between 7,000 and 9,000 Covid-19 tests at the state’s testing sites. Gov. Phil Murphy says that number must at least double before the state loosens lockdowns. Some health experts say the U.S. may have to do millions of tests — as many as 20 million to 30
A man walks with an umbrella outside of AT&T corporate headquarters on March 13, 2020 in Dallas, Texas. Ronald Martinez | Getty Images AT&T‘s first-quarter revenue fell short of Wall Street expectations and the company pulled its annual forecast on Wednesday, as the impact of the coronavirus outbreak overshadowed a strong growth in monthly phone
Chipotle Mexican Grill is a chain of restaurants in the United States, United Kingdom, Canada, Germany, and France, specializing in Mission burritos and tacos. Roberto Machado Noa | LightRocket | Getty Images Check out the companies making headlines in midday trading. Chipotle — Shares of the Mexican restaurant chain rose nearly 10% following its strong
The U.S. is currently grappling with unprecedented levels of unemployment and is predicted to experience a coronavirus-induced recession at least through 2021. As of April 17, over 22 million American workers had lost their jobs due to coronavirus. Alexander Colvin, a labor and employment researcher and dean of the ILR School at Cornell University tells
An Astra rocket on the launchpad in Kodiak, Alaska. Astra | John Kraus Years of private funding flowing into young and growing space companies has ground to a halt during the coronavirus pandemic, in what one firm describes as a “culling” of space companies backed by venture capital. Investment in private space companies had seen a
shot of social security card Kameleon007 The Covid-19 crisis has upended the U.S. economy. Now retirees may face another financial challenge: a lower Social Security cost-of-living adjustment in 2021. Based on data for the first quarter of 2020, the estimated Social Security COLA for 2021 could be just 0.8%, according to The Senior Citizens League,
Jamie Black-Lewis received loans from the Paycheck Protection Program for her two spas, Oasis Medspa & Salon and Amai Day Spa, in Washington state. Many of her 35 employees think they will make more money collecting unemployment benefits than from their regular paychecks. Jamie Black-Lewis Jamie Black-Lewis felt like she won the lottery after getting
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
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