U.S. Attorney Matthew Schneider speaks during a news conference March 6, 2020 to discuss charges against former UAW President Gary Jones in Detroit. U.S. Attorney’s Office A takeover of the United Auto Workers union by the U.S. government to eliminate a “culture of corruption and greed” remains an option, according to federal officials. U.S. Attorney
Council on Foreign Relations economist Benn Steil says the Federal Reserve’s half percentage point cut in interest rates may not be enough to keep the economy on track as the coronavirus spreads. “None of us would be surprised to see the Fed cutting further in the coming months,” the council’s senior fellow and director of
V-shape? U-shape? L-shape? Wall Street strategists are engaged in a fight over whether the coroanvirus outbreak is a one-quarter hit to earnings and the economy or whether it is a multi-quarter phenomenon. The multi-quarter phenomenon appears to be winning. But there are signs of hope. One story that has gone out the window in the
Tetra Images Like millions of American women, I’ve experienced widowhood. According to the U.S. Census Bureau, as of 2019, there were almost 15 million widows and widowers in the country. About 77% of these individuals, or 11.4 million, were women. (Some widowed people later remarry, so the total number of individuals experiencing widowhood is actually
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. All times below are in Eastern time. Global cases: At least 101,587, according to data compiled by Johns Hopkins University. Global deaths: At least 3,460, according to data compiled by Johns Hopkins University. US cases:
A woman jogs past an H&R Block office on Tax Day, April 18, 2017. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots rallied more than 6% in midday trading after it confirmed it received notice from two activist investor
Source: Leidos A government contractor Stifel deemed “The Terminator” could be one of the best bets to lead the market back after the coronavirus sell-off, according to Wall Street analysts. Analysts have been getting behind Leidos as the outbreak has spread around the world. In the last three weeks, Wells Fargo and Stifel upgraded the stock to
Think twice before celebrating that large refund check from Uncle Sam. The IRS had doled out 45.5 million refunds as of Feb. 28, with the average refund check totaling $3,064. That amount is just $4 less than last year’s average refund. Filers have reasons to celebrate their small windfall. Most have ambitious plans for their
Daniel Craig stars as James Bond in “No Time To Die.” MGM The coronavirus outbreak may have pushed ”No Time to Die” to trade its April box-office release in favor of a November one, but that doesn’t mean other Hollywood blockbusters are going follow suit. As the number of countries reporting new cases of COVID-19 grows,
Farmer Dana Putnam tries to tap a maple tree for sap, but is unsuccessful. His trees are producing less sap as the climate changes. Emma Newburger | CNBC ORANGE COUNTY, NY — Dana Putnam drilled into a maple tree, added a plastic tube and waited for the sap to flow. Nothing happened. It’s the end