JGI/Jamie Grill Millions of Americans are slated to get payments of up to $1,200 per person from the government this week, and now there’s a way to track your money. On Wednesday, the Treasury Department and IRS launched a new free web app called “Get My Payment” that allows taxpayers to find the status of
David Lee, owner of Blue Moon Construction, LLC, in Tampa, Florida. Bibi Sipra A loan program meant to pump fast cash into small businesses has failed on almost all accounts, according to business owners. The Economic Injury Disaster Loan program is among the core financial-relief measures the federal government has pushed to entrepreneurs hobbled by
Medical personnel are seen outside NYU Langone Health hospital as people applaud to show their gratitude to medical staff and essential workers on the front lines of the coronavirus pandemic on April 11, 2020 in New York City. Noam Galai | Getty Images The coronavirus pandemic outlined exactly what America sees as essential for a
Christine McCarthy, a nurse for over 20 years and a palliative nurse for the past year, sits for a portrait on an empty hospital bed at Massachusetts General Hospital in Boston on Apr. 2, 2020. Here at the states largest hospital, staff are coping with unprecedented realities in this coronavirus pandemic and deeply worried about what
A worker carries out sanitation operations for the Coronavirus emergency in Piazza dei Miracoli near to the Tower of Pisa in a deserted town on March 17, 2020 in Pisa, Italy. Laura Lezza | Getty Images An increasing number of countries could default on their debt in the coming 12-18 months as governments globally increase
California Gov. Gavin Newsom Rich Pedroncelli | AP California Gov. Gavin Newsom announced Tuesday a guide to how Californiawill reopen society and the economy across the state as officials weigh lifting restrictive orders meant to curb the spread of the coronavirus. Newsom became the first governor to issue a statewide stay-at-home order on March 19.
Shannon Stapleton | Reuters Professional investors are heading for the sidelines while demanding that companies stop using their cash to buy back stocks and instead improve their balance sheets. The Bank of America Global Fund Manager survey for April reflects the large level of caution seen in the markets since efforts to stop the coronavirus
urfinguss | Getty Images A fight could be brewing over your coronavirus stimulus check. Your opponent could be your very own bank. If you have outstanding debts, your stimulus payments could be reduced or taken by creditors or debt collectors, in what 25 state attorneys general called a “legislative oversight” in a letter sent to
Andrew Karas founded and co-owns Asbury Park Distilling Co. in New Jersey Andrew Karas When the coronavirus outbreak began shutting down businesses, Andrew Karas had to think fast about how to survive. His business, New Jersey-based Asbury Park Distilling Co., produces spirits and distributes them to restaurants, bars and liquor stores. “It’s tough. The industry
Christine McCarthy, a nurse for over 20 years and a palliative nurse for the past year, sits for a portrait on an empty hospital bed at Massachusetts General Hospital in Boston on Apr. 2, 2020. Here at the states largest hospital, staff are coping with unprecedented realities in this coronavirus pandemic and deeply worried about what
A Johnson & Johnson building is shown in Irvine, California. Mike Blake | Reuters Johnson & Johnson shares rose by more than 3% Tuesday in premarket trading after the U.S. drugmaker raised its quarterly dividend even as it cut full-year earnings guidance due to the coronavirus outbreak. J&J raised its dividend from 95 cents a
Stock futures were flat in overnight trading following a big rally in the previous session fueled by optimism that the coronavirus outbreak is improving in the U.S. Dow futures rose 0.25%, indicating a gain of 13 points. The S&P 500 and Nasdaq were set to open slightly lower. Signs that the coronavirus pandemic is easing
A JetBlue Airways Corp. plane taxis next to American Airlines Group Inc., Delta Air Lines Inc., and Alaska Airlines Inc. aircraft at Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Monday, April 6, 2020. Andrew Harrer | Bloomberg | Getty Images U.S. airlines and the Treasury Department have reached an agreement in principle on
CNBC’s Jim Cramer said that dominant U.S. companies are further solidifying their positions during the coronavirus pandemic, evidenced by the Nasdaq 100 being almost even for the year. “This is the big triumphing over the little guy and if you don’t mind making money in the market off that, that’s what’s going on,” Cramer said on “Squawk on the
Yuka Ioroi, co-owner of Cassava restaurant on Balboa Street in San Francisco manages take-out orders on April 8, 2020. San Francisco Chronicle/Hearst Newspapers via Getty Images Nearly 7.5 million small businesses are at risk of closing their doors permanently over the next several months if the coronavirus pandemic persists, according to a survey. Around two-thirds
Junior’s Cheesecake owner Alan Rosen said Tuesday that the money the restaurant company has received through the Treasury Department’s small business loan program is not enough to immediately bring workers off furlough. There is too much uncertainty about when the coronavirus pandemic will subside and when people will be comfortable to “sit shoulder to shoulder in our
People need to get back to work — and will likely spend weeks in the office — before they get back in the mall, according to the owner of Hudson Yards in New York. “My guess is we go back to offices first,” Related Companies CEO Jeff Blau told CNBC’s Andrew Ross Sorkin on Tuesday. “I think
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase posted record trading revenue amid the surge in volatility in the first quarter. The bank posted quarterly per share earnings of 78 cents, a figure that missed analyst’s estimates as the bank added $6.8 billion to loan
A customer uses a JPMorgan Chase & Co. automatic teller machine (ATM) outside a bank branch in Miami, Florida, on Thursday, Jan. 5, 2017. Scott McIntyre | Bloomberg | Getty Images JPMorgan is building its credit reserves in anticipation that people might not be able to pay their bills, especially for credit cards. The bank’s
An unpainted Boeing 737 MAX aircraft is seen parked in an aerial photo at Renton Municipal Airport near the Boeing Renton facility in Renton, Washington, U.S. July 1, 2019. Picture taken July 1, 2019. Lindsey Wassen | Reuters Boeing customers canceled a staggering number of 737 Max orders last month, deepening the crisis the company faces