Workers assemble cars on the line at Tesla’s factory in Fremont. David Butow | Corbis News | Getty Images The Alameda County Sheriff’s office said in an official tweet on Tuesday night that Tesla’s Fremont car factory is not an “essential business” under the definition of its “shelter in place” order, implemented to slow the […]
Tag: business news
Malaysia border lockdown, Italy death toll
Global cases: At least 184,976, according to the latest figures from the World Health Organization Global deaths: At least 7,529, according to the latest figures from the WHO This is a live blog. Please check back for updates. All times below are in Beijing time. 8:14 am: Australia raises travel restriction to the highest level, tells citizens […]
President Trump’s coronavirus task force holds briefing
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Members of the task force created to address the deadly coronavirus outbreak are expected to hold a press briefing Tuesday at the White House as state and local authorities take […]
Regulators considering relaxing bank rules during coronavirus crisis
Joseph Otting, comptroller of the U.S. currency. Andrew Harrer | Bloomberg | Getty Images Federal regulators are considering relaxing liquidity rules on banks to reduce financial pressure on them stemming from the coronavirus pandemic, sources said Tuesday. The Office of the Comptroller of the Currency, which regulates banks and federal savings associations, is considering relaxing its […]
Fed moves to help businesses get short-term funding in commercial paper market
The Federal Reserve said Tuesday it is providing help to companies that are having a hard time getting the short-term funding they need to operate. In a move much anticipated on Wall Street, the bank announced a special credit facility to purchase corporate paper from issuers that have been having a difficult time finding buyers […]
Stocks swing wildly as Wall Street struggles for direction after Dow’s third-worst day ever
Stocks swung wildly Tuesday as Wall Street struggled to to recover from its worst day in more than 30 years despite signs of potential further stimulus and progress on a possible treatment  for the coronavirus. The S&P 500 was up 1.7% after briefly trading lower on the day. The Nasdaq Composite gained 1.2%. It was also down earlier in […]
Amazon to hire 100,000 warehouse and delivery workers
An Amazon warehouse Getty Images Amazon is hiring an additional 100,000 employees in the U.S. to meet the surge in demand from online shopping amid the coronavirus outbreak, the company said Monday.  The company is looking to add extra full-time and part-time positions for warehouse and delivery workers. Through the end of April, it will […]
Business returns in China as coronavirus outbreak eases
Dow Inc. CEO Jim Fitterling expressed optimism Monday about the U.S. economy’s ability to recover from the coronavirus, pointing to positive signs coming from Chinese market. “Our demand is good right now,” Fitterling told CNBC’s Jim Cramer. “In fact, the last two weeks we’ve seen our demand in China bounce back.” Fitterling, appearing on “Mad […]
NY tri-state area imposes new restrictions, Workday to give workers cash
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 169,387, according to Johns Hopkins University. Global deaths: At least 6,513, according to Johns Hopkins University. US cases: At least […]
Senate has yet to receive final draft of coronavirus relief bill passed by the House
Senate Majority Leader Mitch McConnell (R-KY) speaks to reporters following the Senate Republican policy luncheon which both President Donald Trump and Vice President Mike Pence attended on March 10, 2020 in Washington, DC. Samuel Corum | Getty Images Senate Majority Leader Mitch McConnell said he has yet to receive a final draft of the coronavirus relief […]
