We’ve all been looking for new ways to stay productive lately, particularly when it comes to work. Whether laid off, furloughed or adapting to new ways of working, more and more of us are spending time honing our skills as we adapt to the fast-changing jobs market. That has caused demand for online learning to
Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Sir Richard Branson‘s Virgin Orbit is set to conduct its first orbital rocket launch as
Scientists in Singapore are developing a vaccine for the coronavirus, with hopes that early-stage clinical trials could come as soon as next month, according to a professor at Duke-NUS Medical School. Researchers at Duke-NUS Medical School are currently working on a vaccine which will be similar to the one that biotechnology firm Moderna is developing,
Steven Mnuchin, U.S. Treasury secretary, speaks during a virtual Senate Banking Committee hearing seen on a laptop computer in Tiskilwa, Illinois, U.S., on Tuesday, May 19, 2020. Federal Reserve chairman Jerome Powell and Treasury Secretary Steven Mnuchin testified on the $2.2 trillion virus rescue package passed by the Congress in March. Photographer: Daniel Acker/Bloomberg via
Tracy Singleton, owner of Birchwood Café in Minneapolis, Minnesota, remains cautious about reopening. “I don’t feel safe having people walk into my environment yet,” she says. Tracy Singleton Like many small business owners, Edgar Comellas, owner of Aces Wild Entertainment in Florida, has seen business grind to a halt since March. His company, which arranges
With the coronavirus shutdown keeping so many at home, people are playing a lot of video games these days. That captive audience has been a huge boost for Take-Two Interactive, which closed at an all-time high on Tuesday and is trading even higher ahead of Wednesday afternoon’s earnings report. The publisher of leading sports franchises such
Lowe’s announced Wednesday that it would assist minority-owned businesses with $25 million in grants to support efforts to relaunch the American economy. Lowe’s is dishing out the funds to help small businesses, especially home improvement professionals, in need of masks, personal protective equipment and other supplies to operate safely. The new funds follow $340 million of
On Friday, President Donald Trump announced a “massive scientific, industrial, and logistical endeavor” called “Operation Warp Speed,” to find, manufacture and distribute a proven vaccine against Covid-19, hopefully before the end of the year. To achieve this “great national project,” as Trump called it, will take a collaboration of American businesses, scientists, the federal government
Ricky Sandler, founder and chief executive officer of Eminence Capital LP, speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. Patrick T. Fallon | Bloomberg | Getty Images A hedge fund chief who had a bullish view of the stock market when
Anna Wintour, the longtime editor of Vogue, said Wednesday that the coronavirus pandemic has been “catastrophic” for the fashion industry, devastating emerging designers and big retailers alike. “I think it’s really giving the industry a pause,” Wintour said on CNBC’s “Closing Bell.” ”I think everybody is rethinking what the fashion industry stands for, what it means,
Tom Werner Next year, the IRS will allow people to put away even more money in health savings accounts, a tax-advantaged account you can use for medical expenses. Health savings accounts work alongside high deductible health plans. You can save money on a pretax or tax-deductible basis, have it grow tax free and then use
CNBC’s Jim Cramer said Wednesday that governments forcing some retailers to close and others to stay open was “somewhat rigged” and has permanently damaged smaller businesses. “If you were Walmart, the thing you would most want to do is have the government shut down your competition, and that happened,” Cramer said on “Squawk Box.” Cramer’s
Target‘s digital sales fueled first-quarter gains, but the big-box retailer’s earnings results Wednesday showed it paid a hefty price for that growth as labor costs rose and sales of higher-margin items like apparel dropped. Shares were down less than 1% Wednesday morning. Target stores have remained open across the country during the coronavirus pandemic, but
More help will be needed from the Federal Reserve and Congress to get the economy through its slump, Dallas Fed President Robert Kaplan told CNBC on Wednesday. At least some of that aid likely will need to go to state and local governments, which have been hampered by lost revenue during the coronavirus pandemic, Kaplan said
Adam Levin, co-founder of Credit.com and founder of Cyberscout, says that the coronavirus shutdown provides a perfect environment for scammers to operate. Millions of people are working from home and sharing devices with family members. This creates new vulnerabilities for thieves to target. Watch this video to see how the new scams work and to
The U.K. government’s treasury building Matthew Lloyd | Bloomberg | Getty Images The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond buying action from central banks. In an auction Wednesday, the country’s Debt Management Office said it
Coca-Cola CEO James Quincey delivered a grim forecast for the global economy’s recovery from the impact of the coronavirus pandemic on Wednesday. “The economic impact of the lockdown is just starting to begin,” Quincey said on CNBC’s “Squawk Box.” In the United States, more than 36 million Americans have applied for unemployment benefits since the coronavirus
Most students can’t wait to get back into the classroom, even as more schools extend remote learning indefinitely. The University of Alabama system said it intends to return to on-campus instruction, while the California State University System announced that all students, enrolled on 23 campuses, will take fall classes online. Other schools have proposed a
The coronavirus pandemic caused an unprecedented jump in job losses, but the worst may be over, at least for now. After spiking more than 1,000% in March, layoffs among small business leveled off last month, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide. “We are no
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s net sales tanked 43.5% during the first quarter, the company said Tuesday, as its stores were forced temporarily shut due to the Covid-19 crisis. “While we have a fast-growing digital business, it has