Sheryl Sandberg, chief operating officer of Facebook Inc. David Paul Morris | Bloomberg | Getty Images Sheryl Sandberg, Facebook’s operating chief, said on Tuesday that the company will do what it can to help its employees and small businesses as the coronavirus spreads and wreaks havoc on the economy. “We’re going to keep responding to […]
Tag: business news
GOP Sen. Hoeven bought up to $250,000 in health fund after briefing
GOP Sen. John Hoeven, R-N.D., purchased between $100,000 and $250,000 of stock in a fund invested in health sciences companies in late January, just days after attending a briefing on the federal government’s response to the coronavirus. The Jan. 29 purchase of shares in the BlackRock Health Sciences Trust II fund, detailed in Hoeven’s financial disclosure […]
Alphabet Waymo suspends driving operations in Phoenix, Detroit
Alphabet’s self-driving car business, Waymo, is suspending all driving operations in Phoenix and Detroit amid the COVID-19 coronavirus pandemic. All driving operations have been paused starting Wednesday night until April 7th. They will resume on April 8th at 5:30 am, which is when drivers normally start their morning shifts, according to internal documents viewed by […]
IRS extends tax filing deadline to July 15
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 […]
IRS delays tax filing deadline, JC Penney yanks earnings outlook
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 245,000, according to data compiled by Johns Hopkins University. Global deaths: At least 10,031, according to Hopkins data. US […]
Dow and S&P 500 pare gains, Amazon up 2.5%
Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC’s “Milestone Celebration Dinner” in Washington, September 13, 2018. Joshua Roberts | Reuters 10:35 am:Â Wall Street’s fear gauge falls below 60 The Cboe Volatility Index, Wall Street’s preferred fear gauge, fell to its lowest level […]
Pornhub is offering free premium memberships
scyther5 | iStock | Getty Images Plus Adult entertainment website Pornhub has just given people stuck in coronavirus lockdown one more way to pass their time. The company this week announced free premium membership to viewers in France and Spain, after doing the same for Italy a week prior. “In light of expanding quarantines, we […]
Former Uber self-driving head Levandowski agrees to plea deal over Google secrets
Anthony Levandowski Eric Risberg | AP Anthony Levandowski, known for advancing self-driving car technology in the last decade, agreed to plead guilty on Thursday to taking sensitive documents from his former employer Google before joining rival Uber. He will serve no more than 30 months in prison as part of an agreement with federal prosecutors […]
Interest rates are rising, a bad sign as the economy slides toward recession
The Fed is throwing all of its fire power at markets, and yet interest rates continue to rise, a troubling sign when the economy looks set to slow down dramatically. Markets continue to swing violently with the Dow losing another 6.2% Wednesday; oil plunging 24%, and copper down about 7%. The credit markets continue to […]
Bank of America says the recession already here
Bank of America warned investors on Thursday that a coronavirus-induced recession is no longer avoidable — it’s already here. “We are officially declaring that the economy has fallen into a recession … joining the rest of the world, and it is a deep plunge,” Bank of America U.S. economist Michelle Meyer wrote in a note. “Jobs […]
