Employers can find it a little easier to assist their workforce in paying back student loans, thanks to the CARES Act, Goodly CEO Greg Poulin told CNBC’s Jim Cramer Monday. Goodly, a San Francisco-based startup that supplies companies up with student loan benefits programs similar to retirement savings accounts, could also find itself benefiting from
Month: April 2020
Stock futures climbed slightly in overnight trading on Monday as investors brace for what could be an ugly earnings season with the coronavirus wrecking havoc on global corporate profits. Futures on the Dow Jones Industrial Average rose about 90 points. The S&P 500 and Nasdaq futures were also up slightly. Earnings season is set to
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Beijing time. This blog will be updated throughout the day as the news breaks. Global cases: More than 2 million Global deaths: At least 119,483 Most cases reported: United States (682,619), Spain (170,099), Italy (159,516), France (137,875),
Getty Images If you’d planned on making a payment to the IRS on April 15 and now want to reschedule due to the coronavirus pandemic, you’re running out of time. In March, the IRS and Treasury Department announced it would give taxpayers until July 15 to file their 2019 income tax returns and make any necessary payments.
CNBC’s Jim Cramer on Monday criticized the launch of the small business loan program passed by Congress last month, arguing delays are heaping more burden on business owners. “How many weeks do I have to front everybody?” Cramer said on “Squawk on the Street.” Cramer owns Bar San Miguel and co-owns The Longshoreman. Both restaurants
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 1,859,011 Global deaths: At least 114,979 US cases: More than 557,590 US deaths: At least 22,109 The data
Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Ford Motor shares dropped about 5% after the automaker warned that the coronavirus has significantly impacted its first-quarter performance, including a 15.7% drop
Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images This is a live blog. Check back for updates. 7:39 am: Stocks set to open lower U.S. stock index futures pointed to losses at the open as markets struggled to hold onto last week’s gains.
Republican billionaire Ken Langone praised the health-care industry, public service workers and drug companies in the fight against the coronavirus but bashed the news media. In an interview Monday on CNBC’s “Squawk Box,” Langone said the media’s coverage of the Trump administration’s efforts against the outbreak is too aggressive because the country needs to be united. ”Don’t
JPMorgan kicks off earnings season on Tuesday. The bad news: Short-term guidance will be very ugly. But there’s some good news: 1) The Securities and Exchange Commission has told corporations that this earnings season is not routine and has encouraged companies to provide forward-looking guidance, and not be concerned that the information may change rapidly.
Frank Van Delft On Saturday the IRS started depositing $1,200 payments into eligible tax filers’ bank accounts as part of the relief efforts of the $2 trillion stimulus bill, known as the CARES Act, which was signed into law in late March. Tax filers with adjusted gross income up to $75,000 for individuals and up
A normally busy Main Street is deserted as the small businesses that line the business district remain closed after the governor instituted a shelter-in-place order in an attempt to curtail the spread of the coronavirus (COVID-19) on March 24, 2020 in Rockton, Illinois. Scott Olson | Getty Images Even as small businesses have applied for
This is a live blog. Please check back for updates. Global cases: At least 1,846,680. Global deaths: At least 114,090. Most cases reported: United States (555,313), Spain (166,831), Italy (156,363), France (133,670), Germany (127,854). The data above was compiled by Johns Hopkins University as of 8:05 a.m. Beijing time. All times below are in Beijing time. 8:45
Silhouette of Permian Basin pumpjacks taken at dusk, north of Midland, Texas, U.S. in late 2019. Richard Eden | via Getty Images Oil prices moved lower in overnight trading after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, which was finalized on Sunday after marathon discussions that
India was already under pressure from a variety of financial and credit stresses going into the coronavirus shock; now the difficulties to implement lock-down measures will slow down the containment of the virus, which is the necessity for a market and currency recovery, says Ray Farris from Credit Suisse. 03:12 4 minutes ago
Big bank stocks in India are falling like nine pins. Some investors believe that the gloominess might be overdone. Shares of private sector banks have had a wretched run of late. Investors had already cooled on the sector in recent years due to a confluence of factors: Economic growth which has slowed to a seven-year
A detailed view of a Shell gas station sign showing the low price of $1.69 per gallon, the result of the coronavirus (COVID-19) outbreak on March 31, 2020 in Jacksonville, Fl. David Rosenblum | Icon Sportswire | Getty Images With gas prices this low, Tracie Brocket would usually hit the open roads on the weekend
A man wearing a face mask takes a selfie at the Charging Bull statue on March 23, 2020 near the New Stock Exchange in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were lower on Sunday night after OPEC and other oil-producing countries reached a deal on a massive production
3M N95 particulate filtering face mask are seen at a store in East Palo Alto, California, United States on January 26, 2020. Yichuan Cao | NurPhoto | Getty Images Industrial company 3M announced Friday that it is suing a New Jersey company for alleged price gouging and illegal trade practices involving N95 respirators, a key
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 1.78 million Global deaths: At least 109,800 US cases: More than 530,000 US deaths: At least 20,600 The data
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