A man uses his mobile phone as he walks past advertising for the new iPhones outside the Apple store in Hong Kong on October 10, 2019. Philip Fong | AFP | Getty Images Apple shares dropped late during the trading day on Wednesday after the Nikkei Asian Review reported that the company considered delaying its annual iPhone […]
Tag: Business
Trump mocks virus fear for Romney, Avenatti
U.S. President Donald Trump pauses during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Sunday, March 22, 2020. Jim Lo Scalzo | Bloomberg | Getty Images President Donald Trump, in the midst of the biggest global health crisis in a century, on Wednesday morning […]
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 […]
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 […]
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 […]
NY, Illinois governors warn states compete for supplies
Closed Chicago Theatre is seen in Chicago, Illinois, on March 21, 2020. KAMIL KRZACZYNSKI This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. Global cases: More than 311,000 Global deaths: […]
US hospitals seek $100 billion in aid
Medical workers and other officials gather outside of the Brooklyn Hospital Center where testing for the coronavirus has started on March 19, 2020 in the Brooklyn borough of New York City. Spencer Platt | Getty Images This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in […]
We want to help small businesses pay employees
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 […]
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 […]
