States across the U.S. are reopening after coronavirus-enforced lockdowns while protests erupted in places where stay-at-home rules remain in place. In California and Michigan, groups demanded the easing of restrictions. A big week of earnings are in, and tech giants Apple, Alphabet, Amazon, Facebook, Microsoft and Tesla have all reported, providing a first look at
Month: May 2020
A research associate performs a buffer exchange for protein formulation at AMGEN, a drug research and development laboratory. Ricardo Dearatanha | Los Angeles Times | Getty Images Amgen on Thursday reported better-than-expected first-quarter results and said it plans to study psoriasis drug Otezla as a potential treatment for Covid-19, the respiratory disease caused by the
Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending and will also
Gargiulo Produce opened in 1929 as a fruit and vegetable cart selling door-to-door. Over 90 years later, the company now wholesales food to businesses across the East Coast. In 2020, the coronavirus shut down many of Gargiulo’s commercial accounts and left it looking for ways to get produce into the hands of hungry, isolated customers.
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Carl Icahn knows the oil and gas industry very well and has arguably made more of his fortune in this industry than any other single industry. His next energy bet could pay off through a
Valerie Riley, owner of LifeSquire, a company with 22 employees based in Oklahoma City, got $140,000 in loan funding through the second round of the Paycheck Protection Program. Valerie Riley A forgivable loan program that re-opened for small businesses this week has proven much less chaotic than the initial round, according to some business owners
Over 90 years ago, Frank Gargiulo opened a business selling fruits and vegetables door to door. Now Gargiulo Produce is based in a warehouse in Hillside, New Jersey, and in its fourth generation of family ownership. It sells food by the truckloads to companies all along the East Coast and to cruise ships that travel
TOPLINE Billionaire Warren Buffett’s famed investing conglomerate, Berkshire Hathaway, reported a massive net loss of nearly $50 billion in the first quarter, as the coronavirus-driven market sell-off took a significant toll on the company’s stock holdings. Operating profits rose, even as the company posted a record loss last quarter. Nati Harnik/ASSOCIATED PRESS KEY FACTS Berkshire
TOPLINE New York Governor Andrew Cuomo said in a press conference on Saturday that the rate of coronavirus infections in his state is continuing to decline, with the number of daily hospitalizations falling to its lowest point in over a month. Cuomo wants to see the rate of new infections fall even further. Stefani Reynolds/Getty
A second wave of funding from the CARES Act will be awarded to public housing authorities across the … [+] country. Getty Images The Department of Housing and Urban Development announced on May 1 that it will provide a second round of emergency relief funding for eligible low-income families and individuals living in public housing.
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: More than 3.3 million Global deaths: At least 238,380 Most cases reported: United States (1,103,115), Spain (213,435), Italy (207,428), United Kingdom (178,685), and France (167,305). The data above was
Family Dollar Store, anti-bacterial wipes and cleaning products. Jeff Greenberg | Getty Images Clorox on Friday reported that its fiscal-third quarter sales climbed 15% as consumer demand for its cleaning products soared in response to the coronavirus pandemic. The company also raised its fiscal 2020 forecast. Shares of the company rose 3% in premarket trading.
RBS’ standalone digital bank Bo. RBS British state-backed bank RBS has dropped its standalone digital bank Bo following a tumultuous launch and a global pandemic that has forced the lender to refocus its investment strategy. RBS launched Bo, an app-based account accompanied by a yellow payment card, back in November on Google and Apple’s app
More than 30 million Americans lost their jobs over the last six weeks. And with the economy on hold, securing another steady paycheck may take some time. That’s where unemployment insurance benefits come in. The average U.S. unemployment check was $378 at the end of 2019. In most states, those benefits would keep coming for up to 26
NASA Administrator Jim Bridenstine, left, and SpaceX Chief Engineer Elon Musk, right, speak to press in front of the Crew Dragon that is being prepared for the Demo-2 mission. NASA/Aubrey Gemignani NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk’s SpaceX have been well worth it as the company prepares
Helen H. Richardson | Denver Post | Getty Images If you own a home and you’re looking for some emergency funding, you may be running out of opportunities. Home equity lines of credit allow you to borrow against the equity you’ve accumulated in your home, be it for a surprise cash need or a home
Owner Mark Cuban of the Dallas Mavericks reacts prior to the game against the Philadelphia 76ers at the Wells Fargo Center on December 20, 2019 in Philadelphia, Pennsylvania. Mitchell Leff | Getty Images Billionaire entrepreneur Mark Cuban said Friday that small businesses should apply to multiple banks in order to boost their chances of receiving a loan
Between the SECURE Act’s passage at the end of 2019 and the CARES Act’s passage amid the coronavirus pandemic in 2020, Americans might be struggling to keep all of the changes to retirement and tax laws straight. When it comes to retirement planning there have been a number of changes to how you can access
TOPLINE As some states begin to relax lockdown orders and allow businesses to reopen, a new report from the Penn Wharton Budget Model (PWBM) on Friday found that reopening before June could save 18 million jobs but also result in over 200,000 additional Covid-19 deaths. New findings from Penn Wharton show that reopening states in
Photo: Getty Money makes the world go ’round. And capitalism creates the opportunity for an individual to make large capital gains over varying rates of time. That could mean thousands of dollars in a month, in an hour of working or even without working at all — there are individuals who invest in apartments passively,