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 […]
Tag: Business
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 […]
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 […]
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 […]
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 […]
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 […]
Cuomo calls on Trump to mobilize military
National Guard troops listen to New York Governor Andrew Cuomo as people wait to be tested at the State’s First Drive Through COVID-19 Mobile Testing Center at Glen Island Park in New Rochelle, New York March 13, 2020. Timothy A. Clary | AFP | Getty Images This is CNBC’s 24-hour blog covering all the latest […]
White House signals third relief bill to help airline and cruise industries hit by coronavirus pandemic
Trump administration officials on Saturday made the clearest indication yet they expect to bring forward a third coronavirus bill aimed in part at helping industries struck by the pandemic. President Donald Trump signed an $8.3 billion relief bill earlier this month, helping states fund their efforts to battle and contain the virus. The House passed […]
