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 3.2 million Global deaths: More than 233,000 The data above was compiled by Johns Hopkins University as of 8:04 a.m. Beijing time. All times below are in
Month: May 2020
Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion
A woman with a facial mask passes the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Stock futures fell sharply on Thursday night as traders pored through the latest batch of big tech earnings after Wall Street wrapped up its
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 23 of 30. Even in the best of times,
Elon Musk, CEO of Tesla and SpaceX. Peter Parks | AFP | Getty Images Elon Musk is having issues with conference calls lately. Thursday afternoon, the SpaceX CEO unexpectedly spoke up during a NASA conference call after the agency’s administrator, Jim Bridenstine, was asked about Musk’s recent comments on the coronavirus pandemic. On Wednesday night, Musk,
Peathegee Inc Homeowners in New Jersey are getting a little bit of breathing room on their property taxes. Gov. Phil Murphy signed an executive order permitting municipalities to shift the property tax payment deadline from May 1 to June 1. The Garden State is home to the highest levies on property in the nation, with
Getty Elder financial abuse is extremely prevalent in our society today. According to a 2014 study by Allianz, 5% of seniors report having lost money to scams, sustaining average losses of $30,000. This equates to $69 billion in total losses for seniors alive in 2014 due to financial abuse. The exploitations can take many forms,
Getty You probably already know that you can fix most tax return mistakes by filing an amended return. If IRS doesn’t correct your error or if it’s a huge mistake or if you forgot to report something important (like being married), you can amend your previously filed tax return with a federal form 1040X, Amended U.S. Individual Income Tax Return (downloads as
In the summer of 2019, I wrote a Forbes piece in which I warned about the U.S. commercial real estate bubble that was inflating and why I believed that it would end badly. Around the same time, I wrote another Forbes piece warning that there was about a two-thirds probability of a powerful recession within
The Boeing logo is pictured at its Renton Factory, where the Boeing 737 MAX airliners are built in Renton, Washington on April 20, 2020. JASON REDMOND | AFP via Getty Images Boeing on Thursday said it wouldn’t seek federal aid to help it weather the coronavirus pandemic after the aerospace giant secured a whopping $25 billion
A United Airlines plane prepares to take off at the Benito Juarez International airport in Mexico City, on March 20, 2020. Pedro Pardo | AFP | Getty Images United Airlines Thursday posted its biggest quarterly loss since 2008 and expects to burn an average of $40 million to $45 million a day in the second quarter as
Western Digital hard drives are shown for sale at an Office Depot Inc store in Encinitas, California. Mike Blake | Reuters Check out the companies making headlines after the bell. Amazon — The e-commerce giant’s stock tumbled 5% in extended trading after the company posted its first-quarter financial results. The company reported first-quarter earnings of
The economic impact of the coronavirus pandemic has been felt by millions of workers, including a record-breaking 30.3 million Americans who have filed for unemployment over the past six weeks. Young people are feeling some of the harshest impacts when it comes to job prospects. According to data from job site Glassdoor, the number of
A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto Chris Helgren | Reuters Wells Fargo, one of the largest home lenders in the U.S., said it it stepping away from the market for home equity lines of credit because of uncertainty tied to the coronavirus pandemic. Here’s the statement
Ariel Investments co-CEO and president Mellody Hobson speaks at the 2017 Fortune Most Powerful Women Summit in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Investment expert Mellody Hobson is a firm believer in teaching kids about investing. She’d like it taught at every school in America — even at a young
Large companies that received money from the small business loan program are not to blame, according to former TARP watchdog Neil Barofsky. “You have to go back to the design of the program itself,” Barofsky told CNBC on Thursday. “I mean, Congress went out of its way to carve out businesses that have more than 500
Stock market virus fear or bull and bear economic crisis and sick financial health as a business … [+] recession concept or metaphor for uncertainty in the economy investing sentiment in a 3D illustration style. Getty Recessions are a normal part of the business cycle, albeit some are more severe than others. The current recession
The Paycheck Protection Program offers an alluring loan of up to $10M tax free. If you comply, you don’t even have to pay it back. What’s more, there is no forgiveness of debt income when your loan is forgiven, something that is standard fare if you are relieved of paying back debt. However, IRS Notice
Fear of exposure to COVID-19 and social distancing guidelines will likely further solidify the … [+] automobile’s dominance in Los Angeles. Getty Los Angeles (and Southern California) can be viewed as the ultimate mobility and human experiment. The region’s mix of cultures, immigrants, industries, world-class educational and cultural institutions, diverse ecology, near-perfect weather, freeways, numerous