House Speaker Nancy Pelosi of Calif. arrives on Capitol Hill, Thursday, April 23, 2020, in Washington. Andrew Harnik | AP The House passed a $484 billion package Thursday to bolster small businesses and hospitals ravaged by the coronavirus crisis and expand testing desperately needed to start the return to normal life. Donning face coverings and
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, March 25, 2020. Elijah Nouvelage | Reuters Delta and United have reported their first quarterly losses in more than five years. Their competitors are also expected to release dismal results
Target CEO Brian Cornell said Thursday the retailer has benefited from a surge in online shopping, but warned it will have lower profits this quarter due to higher costs. The news sent Target shares tumbling nearly 7% in premarket trading. Still, Cornell said the trend of shoppers avoiding trips to stores has worked in the discount
Fuel prices are displayed at a Phillips 66 gas station in Princeton, Illinois, U.S., on Wednesday, April 1, 2020. Daniel Acker | Bloomberg | Getty Images Some millennial investors have been duped by a complex oil ETF that is struggling to stay alive. Traders on Robinhood and SoFi Invest flocked to buy the United States
While the number of Americans without jobs keeps rising, more states are stepping in to provide expanded unemployment benefits. About 4.4 million new workers applied for unemployment during the week ending April 18, bringing the total number of out-of-work Americans to 26.5 million over the past five weeks, the Labor Department reported Thursday. “With the
Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer said Thursday he believes that scientists testing treatments for the new coronavirus will succeed in getting patients “out of the hospital faster” and reducing “death sentence” concerns. “I think the scientists are going to solve it,” predicted Cramer, who has been advising
Getty Images As financial conditions worsen for millions of Americans, credit card companies are tightening the purse strings. In fact, some card issuers have already begun lowering credit limits — sometimes without notice — and more are expected to follow. “We knew the purge was going to come at some point, but it looks like
The owner of a Georgia barbershop said she is not planning to open her doors Friday, when the state lifts coronavirus-related restrictions for businesses like hers. “I’m definitely not opening this Friday. I don’t have a calendar date for opening,” Diane Fall said Thursday on CNBC’s “Squawk Box.” Fall, who owns Maxim Barbers in Decatur, Georgia,
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. Global cases: More than 2.6 million Global deaths: At least 180,784 US cases: More than 840,300 US deaths: At least 46,497 The data above was compiled by Johns Hopkins University. 8:45
Reed Hastings, co-founder and CEO of Netflix attends the inauguration of Netflix new offices in Paris, France, January 17, 2020. Gonzalo Fuentes | Reuters It’s Netflix‘s world. We’re all just living in it. Netflix released its first quarter subscriber figures, and as you might expect in a new global society where so many people are