Medical staff shows on February 26, 2020 packets of a Nivaquine, tablets containing chloroquine and Plaqueril, tablets containing hydroxychloroquine, drugs that has shown signs of effectiveness against coronavirus. Gerard Julien | AFP | Getty Images Citing a “primary outcome” of death, researchers cut short a study testing anti-malaria drug chloroquine as a potential treatment for Covid-19
Source: American Express Credit card issuer American Express posted a 76% drop in first-quarter profit on Friday, as it set aside $2.6 billion to cover potential losses stemming from the coronavirus outbreak. The pandemic has hammered the global economy, pushing companies to layoff employees by the millions. That, in turn, could weigh on credit card
A view of baggage claim at the United Airlines terminal at Los Angeles International Airport (LAX) during the outbreak of the novel coronavirus, which causes COVID-19, April 16, 2020, in Los Angeles. VALERIE MACON It’s clear that Americans have slowed their spending drastically as many industries essentially grind to a halt amid the coronavirus pandemic and
The economic impact of the coronavirus pandemic has been widespread, leaving an unprecedented 26.4 million Americans out of work. For young people, including students gearing up for summer internships and soon-to-be college graduates, professional prospects have been disproportionately affected. Edwin Koc, director of research, public policy and legislative affairs for the National Association of Colleges and
Saudi Aramco crude oil storage at Ras Tunura, Saudi Arabia. Planet Labs The coronavirus crisis led to an unprecedented collapse in demand for oil and U.S. prices have rapidly fallen over the past week. In order for the price to stabilize, U.S. producers have to further cut their production or be forced to curb it
When a loved one passes away, it’s not unusual for the person to leave some unpaid debt behind. The question for the surviving spouse or other heirs is often: What happens to those obligations? Generally speaking, it depends on both the type of debt and applicable state laws. When someone dies, their assets — no
Despite outrage on Main Street and new pressure from the Treasury Department this week, several publicly traded companies that received payroll relief funds from the Small Business Administration oppose demands to return the cash. The companies said the Paycheck Protection Program loans have allowed them to keep employees on payroll and that they disagree with
The coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, visit the live blog from CNBC’s Asia-Pacific team. The House passed a $484 billion stimulus package to bolster small businesses and hospitals ravaged by the coronavirus crisis in the latest effort from lawmakers to ease the effects of coronavirus
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters Gap warned on Thursday it may not have enough cash flow to sufficiently fund its operations as stores remain shut because
Wall Street stands empty as people stay away from the area due to the coronavirus on March 30, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures were flat on Thursday night as investors continued to weigh the prospects of a potential coronavirus treatment. Dow Jones Industrial Average futures were up just