Health professionals stand at the entrance to the floor of the New York Stock Exchange to check the temperature of everyone entering on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The country may be prepared to shut its schools, concerts, sporting events, shops, and even
Bettmann | Getty Images It’s natural to want to strengthen your safety net in an emergency. For many, that means having extra cash on hand, whether that’s in the bank, in your wallet or both. That’s especially relevant now, as news headlines change by the minute. Meanwhile, the Federal Reserve cutting interest rates to near
A shopper walks through a near-empty shopping mall. Source: Getty Images President Donald Trump and Capitol Hill are working on multiple fronts to make sure the U.S. Small Business Administration has the ability to offer small business owners across the U.S. as much as $50 billion in loans to stay afloat during the widening economic shutdown
An American Airlines Inc. McDonnell Douglas MD-82 plane sits parked at a gate while a United Continental Holdings plane taxis down the runway at LaGuardia Airport in the Queens borough of New York. Michael Nagle | Bloomberg | Getty Images U.S. airlines are seeking government assistance of more than $50 billion, including a mix of
An exterior view shows MGM Grand Hotel & Casino on the Las Vegas Strip as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Check out the companies making headlines after the bell. MGM Resorts International — Shares of the resort company were
Oaktree Capital co-chairman Howard Marks said Monday that the stock market is “pricing in a bad scenario” after its rapid sell-off and that it makes sense for some investors to buy into the market. “I do think that here we are down 30 [percent] from the high — and the high in my opinion was
Another wrinkle for the travel industry may emerge as the novel coronavirus, or COVID-19, continues its rapid spread across the country: airline passengers who don’t have proper identification to fly domestically beginning in October. At least two states have now asked the federal government to delay the enforcement date for when travelers must comply with
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 169,387, according to Johns Hopkins University. Global deaths: At least 6,513, according to Johns Hopkins University. US cases: At least
Traders work on the floor of the New York Stock Exchange (NYSE) on March 03, 2020 in New York City. Spencer Platt | Getty Images With stocks nosediving again, Wall Street strategists are mostly punching in the dark because of the uncertainty surrounding the coronavirus outbreak and economic impact. But they are giving clients some
Treasury Secretary Steven Mnuchin testifies before a Senate Appropriations subcommittee on Capitol Hill in Washington, May 15, 2019. Jonathan Ernst | Reuters This is a developing story. Check back for updates. Treasury Secretary Steven Mnuchin told CNBC on Monday that there will be a surge of demand for stocks once the coronavirus threat abates. The
Daniel Grill | Tetra Images | Getty Images The odds of slipping into a recession are increasingly likely as the global coronavirus outbreak puts acute stress on the U.S. economy. That could be bad news for American workers, who may lose jobs by the millions in a downturn. For those workers who don’t receive severance
A gate area at Fort Lauderdale-Hollywood International Airport is crowded with travelers awaiting Delta flight 1420 to Atlanta Saturday, March 14, 2020. John Scalzi | AP The Trump administration is weighing “all options” to curb the coronavirus outbreak in the U.S., including an outright halt to on domestic air travel, a senior official said Sunday.
The U.S. Federal Reserve‘s latest moves — which include cutting interest rates to zero — deserve applause, even though the American economy could still head into a recession given the uncertainty around the coronavirus outbreak, a former Fed official said. “I think recessionary conditions are definitely a risk and we’re dealing with so much uncertainty
It could take years to discover the many wines of South Africa’s Western Cape. For travelers with only a few days on their hands, Cape Town is an excellent base for exploring not only the surrounding wine country, but the city’s wine bars and world-class restaurants. Spread over 40,000 square miles, the Cape Winelands include
A trader reacts as he works on the floor of the New York Stock Exchange (NYSE) on January 10, 2020 in New York City. Kena Betancur | Getty Images Stock futures tanked in overnight trading on Sunday, triggering “limit down” levels to reduce panic in markets. Contracts on the S&P 500 dropped 5%, reaching a
My husband died after a short illness 13 years ago. I was brokenhearted, and my anguish seemed endless. However, I slowly emerged from my “stage 1” deep grief/numb phase of widowhood. I entered “stage 2” of widowhood — growth — when it’s time to take care of business, including money matters. The fog lifts and
Daniel Craig stars as James Bond in “No Time To Die.” MGM 2020 was already expected to be a “light” year in the U.S. movie industry. The coronavirus pandemic will make it exponentially worse. “Near-term, it’s the single-greatest cinematic disaster financially,” Eric Schiffer, CEO of private equity firm Patriarch Organization and chairman of Reputation Management Consultants,
Traders work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) in New York City. Drew Angerer | Getty Images Stock futures plunged Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central
Traders work on the floor of the New York Stock Exchange during the opening bell on March 10, 2020 in New York. Timothy A. Clary | AFP | Getty Images Goldman Sachs on Sunday downgraded its outlook for the economy in the first two quarters of 2020 as the coronavirus zaps all growth from the
Toilet paper shelves lay empty at a supermarket in Saugus, Massachusetts on March 13, 2020. Joseph Prezioso | AFP | Getty Images It’s not all in your mind. The growing panic over coronavirus is real, and fear is a rational response. What’s not a foregone conclusion is your own reaction. When markets tank, some people