U.S. President Donald Trump responds to a question about the Department of Health and Human Services Inspector General’s report on the shortage of novel coronavirus tests for hospitals during the daily coronavirus task force briefing at the White House in Washington, U.S., April 6, 2020. Kevin Lemarque | Reuters President Donald Trump blamed the World Health
U.S. stock futures were slightly higher in overnight trading and pointed to modest gains at the open on Wednesday, continuing a volatile week for stocks gripped by the coronavirus shutdown. Dow futures rose about 50 points, indicating a gain of 0.1%. The S&P 500 and Nasdaq Composite were also set to open in the green,
Federal Reserve Chair Janet Yellen speaks during a news conference December 13, 2017 in Washington, DC. Getty Images Former Federal Reserve Chair Janet Yellen thinks the central bank is not in a position where it needs to buy equities but thinks lawmakers should give it more leeway for the future. “It would be a substantial
EmirMemedovski Homeowners whose finances have been battered by coronavirus might want to think again before postponing their mortgage payments. Congress has offered some relief to mortgage borrowers who are experiencing financial strain from the coronavirus pandemic, which has left a flood of layoffs in its wake. The Coronavirus Aid, Relief, and Economic Security Act –
Andrew Harrer | Bloomberg | Getty Images In the 11 weeks since the novel coronavirus first made its way to the U.S., Americans have been forced to conform to sweeping changes as schools and businesses made the move to shut down and governments enforced lockdowns, stating individuals must be confined to their homes to stop
New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018. Lucas Jackson | Reuters New Jersey is extending its public health emergency and closing all state and county parks as coronavirus deaths hit the highest single-day increase in COVID-19 deaths yet, Gov. Phil Murphy announced Tuesday.
Source: Lauren Thomas, CNBC Check out the companies making headlines midday Tuesday: Kohl’s — Shares of the retailer surged more than 27% as investors cheered a decline in new coronavirus cases. Elsewhere in the retail sector, PVH jumped 25% while Nordstrom gained 21%. Gap and Ralph Lauren also traded higher, rising 16% and 12%, respectively. Exxon —
Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren Woods said that the company’s dividend is safe for the time being. “A lot of our shareholders are retail shareholders — people who depend on that dividend — so we’ve been pretty committed to maintaining that
A Japanese male businessman typing on a laptop computer. kazuma seki Whether you were looking for a new job before the coronavirus pandemic hit or have lost your job because of it, one thing is clear: Getting hired now isn’t going to be so easy. “We’re seeing a lot of interviews rescheduled or canceled,” said Emily
Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020. Kevin Dietsch | Bloomberg | Getty Images Small businesses are clamoring for funds from a new forgivable loan program to combat the economic toll of the coronavirus pandemic. But