Passengers wearing face masks, amid concerns over the spread of the COVID-19 coronavirus, walks through the arrival area at Changi International Airport in Singapore on March 16, 2020. Roslan Rahman | AFP | Getty Images Singapore will bar entry to all short-term visitors starting from 11:59 p.m. on Monday, the Ministry of Health said in
admin
Staff members work at the assemble plant of FAW-Volkswagen Automobile in Chengdu, southwest China’s Sichuan Province, Feb. 19, 2020. Liu Kun | Xinhua via Getty Images BEIJING — Chinese businesses are getting back to work just as many parts of the world are shutting down, and that could add a second jolt to the world’s second-largest economy.
Treasury Secretary Steven Mnuchin prepares to deliver remarks on the coronavirus relief package after the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ-Roll Call | Getty Images The IRS is extending the federal income tax filing deadline to July 15 as part of a growing effort to
This is a live blog. Please check back for updates. Global cases: More than 305,234 Global deaths: At least 13,000 The data above is from Johns Hopkins University. All times below are in Beijing time. 9:33 am: South Korea reports another 98 cases, 2 deaths South Korea confirmed 98 more cases and two additional deaths
Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – LVMH is considering buying Tiffany shares on the open market, according to a Bloomberg report. The shares are currently selling below the $135 per share takeover price that LVMH agreed to pay when it struck its deal with the luxury
Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer said Friday the coronavirus-slammed stock market is due for bounce because there has been so much selling in recent weeks. “I think there’s a technical rebound coming,” Cramer said on “Squawk Box.” “I don’t know how long it will last because I
Princeton University’s campus was largely deserted as of March 18, 2020 as a growing number of colleges require students to leave for the remainder of the spring semester. Jessica Dickler | CNBC “Stay healthy, stay home,” reads a lit-up sign outside the gates of Princeton University. On campus, the majority of students are gone although
Air traffic into major New York City-area airports was halted on Saturday, the Federal Aviation Administration said, as coronavirus continues to cause staffing issues at FAA facilities around the country. An air traffic controller-trainee based at a control center on Long Island tested positive for the virus, COVID-19, the FAA said. The trainee hadn’t been
Meric Greenbaum, Designated Market Maker IMC financial looks up at the board before the opening bell right before trading halted on the New York Stock Exchange on March 9, 2020 in New York. Timothy A. Clary | AFP | Getty Imgaes The S&P 500 could return to record highs by early next year if U.S.
A trader reacts during the opening bell at the New York Stock Exchange (NYSE) on February 28, 2020 at Wall Street in New York City. Photo by Johannes Eisele | AFP | Getty Images We are all exhausted and depressed, having experienced this week one of the worst stock market declines in modern history. I
PeopleImages Coronavirus scams are emerging, and many look remarkably similar to frauds from the 2008 financial crisis. Government agencies like the Federal Trade Commission and Federal Deposit Insurance Corp. issued warnings this week for Americans to be vigilant as con artists attempt to steal from consumers spooked by an onslaught of bad news related to
The Uptown Garrison in Manhattan’s Washington Heights neighborhood is still offering takeout and delivery as much of the city shuts down due to coronavirus. Spencer Kimball | CNBC Restaurant and bars in the nation’s largest city, world-renowned for its food and nightlife, are shutting down indefinitely and laying people off en masse as the state
A man wearing a protective face mask walks past an indoor waterfall at Jewel Changi Airport in Singapore on February 27, 2020. Roslan Rahman | AFP | Getty Images Singapore on Saturday reported its first two confirmed deaths related to the COVID-19 outbreak. The city-state’s health ministry said the two patients who died were a 75-year-old woman,
Pedestrians cross Powell Street, usually full with cars and cable cars, in San Francisco, California, U.S., on Tuesday, March 17, 2020. David Paul Morris | Bloomberg | Getty Images For the first time in over a century, a global coronavirus pandemic has turned the country’s focus to the dangerously fragile health of the American people
Getty Images Companies holding low-rated debt are in for a brutal stretch as the economy heads into a coronavirus-induced recession, according to a forecast Friday. S&P Global Ratings said the default rate for high-yield, or junk, bonds is heading to 10% over the next 12 months, more than triple the rate of 3.1% that closed
cmannphoto | Getty Images Many Americans may soon get checks in their hands from the government. But Uncle Sam could also claw back some of that money. Information about how much those checks will be – and whether or not individuals will pay tax on them – will likely be hammered out in a deal
Robert Herjavec, cybersecurity entrepreneur and “Shark Tank” investor, told CNBC on Friday that his directive to small businesses is to do whatever it takes to survive the coronavirus crisis. Herjavec argued he would take hedge fund manager Bill Ackman’s “hell is coming” warning on Wednesday to the next level, saying that “hell is here.” The Herjavec
South Korean soldiers wearing protective gear, spray antiseptic solution against the coronavirus (COVID-19) in Gangnam district on March 06, 2020 in Seoul, South Korea. Chung Sung-Jun | Getty Images This is a live blog. Please check back for updates. Global cases: At least 234,073, according to the latest figures from the World Health Organization Global
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs CEO David Solomon got a 20% raise to $27.5 million for his work leading the bank in 2019. His pay package includes a $2 million annual salary, $7.65 million in a cash
Shoppers sit outside of a J.C. Penney store at the Westfield Mall in Culver City, California. Martina Albertazzi | Bloomberg | Getty Images J.C. Penney has withdrawn its earnings outlook due to the uncertainty surrounding COVID-19. The department store chain announced Friday morning that it is not providing an updated outlook at this time. Earlier in