The number of confirmed COVID-19 cases in the United States surpassed 10,000 on Thursday, doubling over two days as states ramp up testing and the new coronavirus sweeps across the country. New York Gov. Andrew Cuomo said Thursday morning that the state confirmed 1,769 new cases in the last day, bringing the number of confirmed […]
Tag: business news
Trump’s argument for reelection is collapsing
President Donald Trump speaks at a Make America Great Again rally at the Civic Center in Charleston, West Virginia. Leah Millis | Reuters WASHINGTON — Looking back now, the night of Feb. 4 was probably the pinnacle of Donald Trump’s presidency. A few minutes past 9 p.m. ET, Trump entered the ornate House Chamber and then […]
Next week jobless claims could hit 2 million on coronavirus
Next Thursday’s look at weekly new jobless claims may show a tenfold spike to 2 million as the full force of the coronavirus halt in the U.S. economy slams the labor market, economist Ian Shepherdson told CNBC. Shepherdson’s comments came ahead of this Thursday’s release of the Labor Department’s weekly report on jobless claims. The […]
Stocks try to hold gains in choppy trade, Dalio concerned
Traders work on the floor at the New York Stock Exchange October 31, 2019. Brendan McDermid | Reuters This is a live blog. Check back for updates. 10:32 am:Â Battered hotel stocks on the rise Some of the hotel and casino stocks, which have taken the hardest hits from the coronavirus, were in the green Thursday. […]
Tencent investors weigh up impact on the tech giant
A pedestrian walks past Tencent Holdings’s headquarters in Shenzhen, China. Qilai Shen | Bloomberg | Getty Images Shares of Chinese technology giant Tencent seesawed on Thursday as analysts assessed the company’s mixed earnings results as well as the potential impact of the coronavirus outbreak. Hong Kong-listed shares of Tencent popped over 3% in early trade, […]
Singapore new cases, Qantas to suspend flights
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 This is a live blog. Please check back for updates. Global cases: At least 207,860, according to the latest figures from the World Health Organization Global […]
Restaurant industry asks for $145 billion recovery fund from the government
Patrons eat at Tom’s Restaurant in the Prospect Heights neighborhood of Brooklyn on March 16, 2020 in New York City. Victor J. Blue | Getty Images The National Restaurant Association is asking the federal government for financial relief for the industry as it forecasts sales declines of $225 billion over the next three months due […]
Mnuchin vows to prevent 20% unemployment in coronavirus response
U.S. Treasury Secretary Steven Mnuchin speaks to the press outside of the West Wing of the White House on March 13, 2020 in Washington, DC. Drew Angerer | Getty Images Treasury Secretary Steven Mnuchin told CNBC on Wednesday that the U.S. will not have 20% unemployment – a figure he reportedly warned Republican senators about […]
Even with $1 trillion stimulus, hit to economy and employment will be big
A bar sits closed in the early evening in Brooklyn after a decree that all bars and restaurants shutdown by 8 pm in New York City as much of the nation slows and takes extra precautions due to the continued spreading of the coronavirus on March 16, 2020 in New York City, United States. Spencer […]
Dow tanks 1,000, S&P 500 down 5%, virus cases jump
Trader Thomas Lee works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. Richard Drew | AP This is a live blog. Please check back for updates. 10:35 am: Walmart jumps 5%, gets an upgrade from Credit Suisse While the broader market moves lower, shares of Walmart are up more than […]
