The coronavirus has now infected over 500,000 people in the U.S. on Friday night, constituting almost one-third of all cases across the globe, according to data from Johns Hopkins University. As of 9:25 p.m. Eastern Time, the U.S. has recorded 500,399 cases of the coronavirus disease, or Covid-19, of which 174,481 were in New York,
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A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images After weeks of lobbying, fintech companies are officially allowed to take part in the U.S. government’s emergency lending program. PayPal and Intuit QuickBooks announced Friday evening that they were approved by the Small Business Administration to take
Eddie Rodriguez (R) and other City of Hialeah employees hand out unemployment applications to people in their vehicles in front of the John F. Kennedy Library on April 08, 2020 in Hialeah, Florida. Joe Raedle | Getty Images Americans are filing for unemployment benefits in record numbers as the coronavirus pandemic continues to crush the
Police officers check vehicles at a roadblock on day five of the movement control order amid the COVID-19 outbreak in Kuala Lumpur, Malaysia on March 22, 2020. Mohd Daud | NurPhoto | Getty Images This is a live blog. Please check back for updates. Global cases: More than 1,691,700 Global deaths: At least 102,525 Most
Dallas Mavericks owner Mark Cuban watches on from behind the bench during the second half of an NBA game against the Atlanta Hawks at State Farm Arena on February 22, 2020 in Atlanta, Georgia. Todd Kirkland | Getty Images Billionaire entrepreneur Mark Cuban isn’t convinced that the swift market rally is here to stay. “I’m surprised. I
ROME, ITALY – MARCH 14: People watch tv as Italian Prime Minister Giuseppe Conte delivers his speech on the new economic measures due to Coronavirus emergency on March 14, 2020 in Rome, Italy. Franco Origlia Italian Prime Minister Giuseppe Conte on Friday extended a nationwide lockdown to contain the coronavirus until May 3, though he
kate_sept2004 If you’re paying a financial advisor to guide you through current market havoc, groups representing those professionals want you to nab a tax break for those fees. A quintet of groups representing financial advisors is calling upon Congress to restore a tax deduction for advisory fees. “We think it’s good public policy at any
JetBlue planes at a gate at John F. Kennedy International Airport in New York. Mark Kauzlarich | Bloomberg | Getty Images Goldman Sachs is taking another step into the world of retail banking with an installment loan product that’s launching with JetBlue Airways. The bank quietly released a website for something called MarcusPay this week, allowing users to
A near-deserted Regent Street in London, England, on March 26, 2020. According to the latest daily figures a total of 578 people have so far died across the UK after testing positive for the covid-19 coronavirus. David Cliff | NurPhoto | Getty Images The U.K. government has urged everyone to stay at home over the
China, the world’s second largest economy, is under threat as the pandemic wipes out jobs and slows productivity and growth. But even with the economic setback, that’s not stopping Beijing from doubling down on its geopolitical agenda. China expert Elizabeth Economy, the Council on Foreign Relations’ director of Asia studies, told CNBC’s “Trading Nation” she
For anyone who became accustomed to watching their 401(k) account balance climb higher for years on end, the market’s recent drop and continued volatility may be unnerving if not downright scary. Nevertheless, you shouldn’t let fear cause you do something that could hurt your long-term retirement planning, advisors say. “The coronavirus is certainly creating a
U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images Jesse Norris, 50, normally spends his time flying around the globe to do process auditing for aerospace industry clients at his one-man business, Norris Consulting.
Jetta Productions | Iconica | Getty Images As the economy craters, small businesses are among the hardest hit. When unemployment claims began to jump nationwide in March, layoffs among small business spiked 1,021% compared to the month before, according to exclusive data compiled by human resource provider Gusto, based on more than 100,000 small businesses nationwide.
An officer stands between tents for screening visitors outside the clinic building of Changhai Hospital in Shanghai, China Monday, Feb. 03, 2020. Getty Images BEIJING — The global coronavirus pandemic is propelling more money and government support for public health in China. Whether it’s new policies, capital, or even a school, the outbreak of what’s officially
Getty Images At some point, the biggest American companies are going to tell their employees it’s time to leave home and return to work. That decision will be fraught with risk without widespread testing for the COVID-19 virus. For some industries, such as Wall Street banks, ubiquitous testing is essential to bringing back their workforce
The U.S. government’s sprawling policy response to the coronavirus pandemic is necessary, but so too is proper oversight of the new programs, President Barack Obama‘s former budget chief said Thursday. “I think the more oversight the better, in part because we really do need to get money out the door fast,” Peter Orszag said on CNBC’s “Closing
Getty Images Millions of taxpayers missed out on a pile of tax write-offs when they filed their returns last year. In all, 16.7 million households claimed itemized deductions on their 2018 income tax returns, according to data from the IRS. That’s down from 46.2 million taxpayers during the 2017 tax year. The decline is the
Pedestrians walk past closed shops along Lexington Avenue amid the coronavirus pandemic on April 7, 2020 in New York City. John Lamparski | Getty Images We are living in unprecedented times as our nation, and the world, grapples with an invisible enemy. The Coronavirus (COVID-19) outbreak has impacted virtually every community and institution. Still, for
This is a live blog. Please check back for updates. Global cases: At least 1,595,350. Global deaths: At least 95,455. Most cases reported: United States (461,437), Spain (153,222), Italy (143,626), France (118,781), Germany (118,181). The data above was compiled by Johns Hopkins University as of 7:40 a.m. Beijing time. All times below are in Beijing time. 7:55
A United Airlines plane sits parked at a gate at San Francisco International Airport on March 06, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. United Airlines — Shares of the airline rose 3% after the market closed. Treasury Secretary Steven Mnuchin said Thursday that