An American Airlines Inc. McDonnell Douglas MD-82 plane sits parked at a gate while a United Continental Holdings plane taxis down the runway at LaGuardia Airport in the Queens borough of New York. Michael Nagle | Bloomberg | Getty Images U.S. airlines are seeking government assistance of more than $50 billion, including a mix of
An exterior view shows MGM Grand Hotel & Casino on the Las Vegas Strip as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Check out the companies making headlines after the bell. MGM Resorts International — Shares of the resort company were
Oaktree Capital co-chairman Howard Marks said Monday that the stock market is “pricing in a bad scenario” after its rapid sell-off and that it makes sense for some investors to buy into the market. “I do think that here we are down 30 [percent] from the high — and the high in my opinion was
Bettmann | Getty Images It’s natural to want to strengthen your safety net in an emergency. For many, that means having extra cash on hand, whether that’s in the bank, in your wallet or both. That’s especially relevant now, as news headlines change by the minute. Meanwhile, the Federal Reserve cutting interest rates to near
A shopper walks through a near-empty shopping mall. Source: Getty Images President Donald Trump and Capitol Hill are working on multiple fronts to make sure the U.S. Small Business Administration has the ability to offer small business owners across the U.S. as much as $50 billion in loans to stay afloat during the widening economic shutdown
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
Getty Images The coronavirus outbreak is prompting second thoughts about reaching for cash. As the number of cases tick up in the U.S., some are going cashless to avoid potential hygiene issues around handling banknotes. Regardless of whether there’s a proven risk, the “psychological factor” of people thinking of cash as “unclean” could change how they
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Hedge fund manager Ricky Sandler told CNBC on Monday that he’s buying equities because the stock market’s reaction to the coronavirus has been too
Another wrinkle for the travel industry may emerge as the novel coronavirus, or COVID-19, continues its rapid spread across the country: airline passengers who don’t have proper identification to fly domestically beginning in October. At least two states have now asked the federal government to delay the enforcement date for when travelers must comply with
Daniel Craig stars as James Bond in “No Time To Die.” MGM 2020 was already expected to be a “light” year in the U.S. movie industry. The coronavirus pandemic will make it exponentially worse. “Near-term, it’s the single-greatest cinematic disaster financially,” Eric Schiffer, CEO of private equity firm Patriarch Organization and chairman of Reputation Management Consultants,