In the face of the coronavirus pandemic, the financial stability of millions of Americans is in jeopardy. In a statement, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency encouraged banks to work with their customers affected by COVID-19. A growing number of financial institutions, including Ally
Dr. Sonia Macieiewski samples proteins at Novavax labs in Rockville, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images The number of people who have tested positive for the deadly coronavirus, or COVID-19, has topped 300,000 as the pandemic continues to
A staff worker wearing a protective mask and protective suit checks a visitor’s body temperature with a temperature gun by a monitor showing the current stock information at the Shanghai Stock Exchange Building on March 20, 2020 in Shanghai, China. Health authorities of China said the country has passed the peak of the COVID-19 epidemic
The adage “keep calm and carry on” might, in the end, be the best advice for investors to follow during times of extreme market volatility such as the present. While it might seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames it typically pays
US Treasury Secretary Steven Mnuchin arrives to testify during a House Ways and Means Committee hearing about the Fiscal Year 2021 budget request on Capitol Hill in Washington, DC, March 3, 2020. Saul Loeb | AFP | Getty Images You now have until July 15 to file your taxes. However, if you’re expecting a refund,
This is a live blog. Please check back for updates. Global cases: More than 305,234 Global deaths: At least 13,000 The data above is from Johns Hopkins University. All times below are in Beijing time. 10:20 am: India begins 14-hour curfew India started a 14-hour curfew as part of the efforts to contain the coronavirus
In a joint release, US bank regulators urged banks to work with their customers affected by the coronavirus. The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency said in a release Sunday evening they “will not criticize institutions for working with borrowers.” They added they will not
Traders, some in medical masks, work on the floor of the New York Stock Exchange (NYSE) on March 20, 2020 in New York City. Trading on the floor will temporarily become fully electronic starting on Monday to protect employees from spreading the coronavirus. The Dow fell over 500 points on Friday as investors continue to
BongkarnThanyakij It’s been a week since President Donald Trump announced he would waive all interest on federal student loans during the coronavirus outbreak. Brian Byrd’s debt is still growing. “Every day,” said Byrd, a 40-year-old software engineer from Seattle who owes around $50,000. “That clock has not stopped.” Byrd has called his student loan servicer,
Two JetBlue planes sit at the John F. Kennedy Airport in New York on March 13, 2020. in New York City. President Donald Trump cancels all flights between Europe and the United States this Friday, due to the expansion of the Covic-19. Pablo Monslave | Getty Images Flights into major New York City-area airports were
Traders work on the floor at the New York Stock Exchange, March 2, 2020. Brendan McDermid | Reuters 7:41 am: GOP senators face questions over stock sales before market plunge Republican senators Richard Burr of North Carolina and Kelly Loeffler of Georgia are facing questions over their decision to sell large equity holdings before global
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
A man cleans up on the trading floor, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2020. Lucas Jackson | Reuters The crash that no one called has investors calling back to earlier cataclysms, grasping for historical threads that can serve as
Erica Cisneros, of San Anselmo, California, helps her daughters, third-grader Emilia and fourth-grader Eden, with schoolwork at their home. Both of the schools that the girls attend are closed because of COVID-19. Ezra Shaw It’s no fun thinking about scary things that may or may not happen. However, what’s even less fun is not being
German brands such as Mercedes-Benz, BMW, and Audi built their reputations on being purveyors of precise engineering cars, luxurious interiors, cutting-edge technology, and above all, pretty high sticker prices. But increasingly, they are selling cars with prices that are quite average. In their quest to grow volumes and reach a broader chunk of the new
Pedestrians cross Powell Street, usually full with cars and cable cars, in San Francisco, California, U.S., on Tuesday, March 17, 2020. David Paul Morris | Bloomberg | Getty Images For the first time in over a century, a global coronavirus pandemic has turned the country’s focus to the dangerously fragile health of the American people
cmannphoto | Getty Images Many Americans may soon get checks in their hands from the government. But Uncle Sam could also claw back some of that money. Information about how much those checks will be – and whether or not individuals will pay tax on them – will likely be hammered out in a deal
Medical workers and other officials gather outside of the Brooklyn Hospital Center where testing for the coronavirus has started on March 19, 2020 in the Brooklyn borough of New York City. Spencer Platt | Getty Images This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in
Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – LVMH is considering buying Tiffany shares on the open market, according to a Bloomberg report. The shares are currently selling below the $135 per share takeover price that LVMH agreed to pay when it struck its deal with the luxury
Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer said Friday the coronavirus-slammed stock market is due for bounce because there has been so much selling in recent weeks. “I think there’s a technical rebound coming,” Cramer said on “Squawk Box.” “I don’t know how long it will last because I