Medical staff walk to the National Centre for Infectious Diseases building at Tan Tock Seng Hospital in Singapore on January 31, 2020. Roslan Rahman | APF | Getty Images Less than a week after launching an app to track potential exposure to the coronavirus, Singapore is making the technology freely available to developers worldwide. The […]
Tag: business news
76ers, Devils cut salaries, move employees to 4-day week
The logo for the National Hockey League’s (NHL) New Jersey Devils is displayed outside the team’s home arena, the Prudential Center, in Newark, New Jersey. Victor J. Blue | Bloomberg | Getty Images The financial impact of a sports shutdown is starting to trickle down.  On Monday, Philadelphia 76ers and New Jersey Devils’ employees were […]
Congress is closing in on a deal
Democrats and Republicans are closing in on a massive stimulus package to combat the economic impact of the coronavirus. In perhaps the biggest signal that an agreement was close, House Speaker Nancy Pelosi, D-Calif., told CNBC on Tuesday morning that there is “real optimism” Congress can clinch a pact within a few hours. Senate Majority Leader […]
Dow up 1,500, gold surging
All eyes are on Congress to pass a much-needed stimulus bill to rescue the economy from the coronavirus damage. The stock market is staging a turnaround with the Dow rebounding from its 2016 low. Here’s what’s happening: 10:52 am: Goldman says buy gold now: ‘Time to buy the currency of last resort’ Gold prices jumped more than […]
Pressure is rising to postpone the 2020 Tokyo Olympics
People wearing protective face masks, following an outbreak of the coronavirus, are seen next to the Olympic rings in front of the Japan Olympic Museum in Tokyo, Japan, February 26, 2020. Athit Perawongmetha | Reuters There is mounting pressure to postpone the Olympics for the first time in their 124-year history. Monday evening, the United […]
CVS to hire 50,000, Surgeon General warning
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 353,000 Global deaths: At least 15,000 US cases: At least 35,000 US deaths: At least 470 The data […]
Here’s everything the government has done to limit the economic impact
The federal government is racing to ease the pain facing the U.S. economy as the coronavirus pandemic makes its swift pivot from public health crisis to financial catastrophe. The damage from COVID-19, the disease caused by the new virus, is unlike anything in modern times. Economists have warned the fallout could be similar to that […]
Dow down 300, Fed goes all-in, waiting on Congress
A trader works on the floor of the New York Stock Exchange in New York, the United States, March 18, 2020. Michael Nagle | Xinhua News Agency | Getty Images 10:45 am:Â Toy stock jumps after CEO says demand is strong Hasbro stock was soaring Monday morning after CEO Brian Goldner said the company was experiencing […]
GOP bill fails in key Senate procedural vote
A massive funding package to combat the impact of coronavirus did not get enough votes in a key Senate procedural vote Sunday evening. The stalemate came hours after Democratic leaders warned that the bill did too much to bail out companies and not enough to help workers. Stock futures cratered as the two parties failed to […]
Government budget deficit is about to explode to fight the coronavirus
A sign showing the national debt and each Americans share is displayed on November 6, 2019 in Washington, DC. Tasos Katopodis | Getty Images Remember when people were all worked up over trillion-dollar government budget deficits? Those might seem like the good old days, once Congress and the White House finish the coronavirus rescue package […]
