Month: April 2020

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 cases: At least 2,152,647.  Global deaths: At least 143,802.  Most cases reported: United States (667,801), Spain (184,948), Italy (168,941), France (147,091), and Germany (137,698).  The data above was compiled by Johns Hopkins
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Asian consumers are tightening their belts as they prepare for a coronavirus-induced hit to their finances, according to a new study.  Shoppers in China, South Korea, India, Japan and Indonesia have cut back on clothing, skincare and electronics purchases as concerns mount over the outlook for incomes and savings as the pandemic rattles economies across the
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Amazon’s dominance has been solidified during the coronavirus pandemic, but the consequences of that are complicated, CNBC’s Jim Cramer said Thursday.  “Amazon is either the Grim Reaper for everyone or the greatest thing that’s ever happened to the American consumer. Or maybe both,” Cramer said on “Squawk on the Street.”  “Has Amazon not become a country
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CEO of Morgan Stanley James Gorman speaks on May 6, 2014 in New York. Getty Images Morgan Stanley on Thursday posted first-quarter profit that missed analysts’ expectations, but the firm’s trading desks generated about $700 million more revenue than e.  Here’s how the company did: Earnings: $1.01 a share Revenue: $9.49 billion Wealth management: $4.04 billion
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While following “stay at home” orders across the country, reality star and entrepreneur Bethenny Frankel says taking the time to declutter and organize now will help with life after Covid-19. “If you’re not organizing every drawer, cabinet, garage, refrigerator etc. within an inch of its life, get started. This will help be more productive when
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Larry Fink, chief executive officer of BlackRock Inc., pauses ahead of a Bloomberg Television interview at the Blackrock Inc. wealth symposium in Zurich, Switzerland, on Thursday, March 7, 2019 Stefan Wermuth | Bloomberg via Getty Images Larry Fink, co-founder of the world’s biggest money management firm, told CNBC on Thursday the stock market’s coronavirus low
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Rep. Greg Murphy, R-N.C., said Thursday he believes there are ways for businesses such as barbershops and salons to reopen safely during the coronavirus pandemic.  Murphy, a urologist who was elected to Congress in 2019, said on CNBC’s ”The Exchange” that restrictions should remain in place for people who are “most at risk, most susceptible” to
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TOPLINEThe coronavirus pandemic continues to take a heavy toll on business activity as this week’s batch of dismal economic data stokes concerns on Wall Street and serves as a sobering indication of just how badly the outbreak is impacting the American economy.  From a collapse in retail sales and manufacturing to millions of unemployment claims,
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