The historic $2.2 trillion stimulus package dramatically expanded unemployment insurance benefits for the millions of workers losing jobs and wages during the coronavirus pandemic. But while the relief bill was signed into law on March 27, it’s taken weeks for the U.S. Department of Labor to roll out guidelines to states, which administer unemployment programs, on how
Month: April 2020
Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images) The Washington Post Veterans and their family members will
With rooms sitting empty, smaller hotel operators are weighing options to defer debt payments and in some cases, close properties. While the pain caused by disruptions from the coronavirus pandemic is being felt across the travel industry, it is particularly acute for the Indian diaspora in the U.S. Nearly 50% of U.S. hotels are owned
Photo: Getty Based in Orlando, the most visited city in the country, our Florida industrial and investment sales team has been closely tracking the impact of COVID-19 on the Florida industrial real estate market. As one of the most active industrial brokerage teams in Florida, our brokerage is afforded a unique perspective to assess the
Security guards wear masks amid concerns over the COVID-19 coronavirus, as they patrol outside a shopping mall in Beijing on April 17, 2020. Greg Baker | AFP | Getty Images This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global
The number of companies withdrawing or declining to provide earnings guidance continues to grow, with Abbott, ConocoPhillips, Jack in the Box, GoPro, and Bed Bath & Beyond in just the last couple days. JPMorgan, in a note to clients, said that so far 86 S&P 500 companies have suspended earnings guidance. Not surprisingly, some in
Pedestrians pass a JPMorgan Chase & Co. bank branch near the New York Stock Exchange in 2018. Bloomberg | Bloomberg | Getty Images JPMorgan Chase says it has closed more small business relief loans than any other bank, but it still has a huge mountain of applications from business owners who are now in limbo.
David Brumfield, aka Lagoona Bloo, is a full-time drag queen in New York City. Before he discovered drag, David paid his bills as an actor, and supplemented his income as a waiter and a nanny. Before Covid-19, Lagoona was a steady host and headliner at some of NYC’s top gay bars. Lagoona is eager to
The SpaceX Falcon 9 rocket emblazoned with the famous NASA “worm” logo for the Demo-2 mission/ NASA NASA and SpaceX are targeting May 27 for the launch of Demo-2, the first launch of NASA astronauts from the U.S. since 2011 and the first crewed launch for Elon Musk’s space company. Demo-2 is set to liftoff
andresr/Getty Images This week was supposed to include Tax Day, when personal income taxes are traditionally due. Instead, it marked a different big milestone: the beginning of the coronavirus stimulus payments. Now, Congress has updated its timeline on when subsequent rounds of payments can be expected. Here’s the latest, according to the House Ways and
Lawmakers must put politics to the side and agree on a plan to expand the small business rescue loan program by Monday, U.S. Chamber of Commerce CEO Tom Donohue told CNBC on Friday. “We all understand it. We’re coming up on an election,” he said on “Closing Bell.” “If they don’t, nobody’s going to get
In Toronto’s Andaz Hotel, public spaces make it easy to separate from others. Photography by Scott Norsworthy courtesy of Mason Studio. As we isolate in our homes, we become increasingly aware of how our interior spaces affect our moods, our ability to work and our physical comfort. Interior designer Stanley Sun, one of the founders
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 2,169,000 Global deaths: At least 146,071 US cases: More than 671,400 US deaths: At least 33,286 The data
Detail view of rolls of Charmin toilet paper in a domestic home, San Ramon, California, March 25, 2020. Smith Collection | Gado | Getty Images Procter & Gamble on Friday reported that its fiscal third-quarter U.S. sales surged 10% as consumers stocked up on staples like Charmin toilet paper and Bounty paper towels ahead of the
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. Brendan McDermid | Reuters 7:55 am: Dow futures point to 700-point gain, S&P 500 set for 2.5% jump at open Futures contracts tied to the major U.S. stock indexes pointed to strong gains at the opening
Due to the coronavirus pandemic, social distancing has dramatically changed the way we interact with each other, especially when it comes to nonverbal communication. Wearing a face mask has quickly become the norm — and that will likely remain for the foreseeable future. But with nearly half of the face concealed, it can be difficult
Scientist Xinhua Yan works in the lab at Moderna in Cambridge, MA on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Biotech stocks surged Friday after new details on a closely watched clinical
Chad Springer It’s obvious we are living in highly uncertain times. Markets are extremely volatile, and monetary and fiscal policies change from day to day. Most clients are extremely anxious, unsure of how the market is going to move and how those moves will impact their portfolios. While financial advisors must continue being proactive –
Deborah Harrison | Photographer’s Choice RF | Getty Images If you’re behind on your debts, your coronavirus stimulus check could be taken from you. Some states are fighting back to prevent that from happening. This week, Ohio Attorney General David Yost warned creditors that those one-time government checks are protected by state law from garnishment.
Chris Myers, a Baltimore-based photographer, has applied for a PPP loan Chris Myers | Chris Myers Photography Chris Myers applied for a forgivable loan from the federal government. He’s running his business as if the additional lifeline may not be on its way. “I’m just cobbling enough work together to try covering my studio rent
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