President Donald Trump in the Cabinet Room of the White House on Aug. 3. Doug Mills-Pool/Getty Images) President Donald Trump is “ready to send” more coronavirus stimulus money. But it remains unclear if that is enough to move stalled Congressional negotiations forward so that Americans can see more money in their pockets. On Friday, Trump
The Trump administration on Thursday weakened Obama-era regulations designed to reduce climate-warming methane gas emissions from oil and gas fields. The Environmental Protection Agency’s new rule, which has been in progress for over a year, would eliminate federal requirements for oil and gas companies to monitor and repair methane leaks from pipelines, storage facilities and
A traveler wearing a protective mask waits to put a suitcase in the back of ride-sharing car displaying Lyft signage at San Francisco International Airport on Monday, May 4, 2020. Paul Morris | Bloomberg via Getty Images Lyft reported second-quarter earnings Wednesday, which showed a 61% revenue drop versus the same period last year, but a glimmer
Stocks rose on Wednesday as shares of the major tech companies recovered some of their steep losses from the previous session. The Dow Jones Industrial Average traded 239 points higher, or 0.9%. The S&P 500 gained 1.3% and the Nasdaq Composite advanced 1.9%. Facebook, Amazon and Netflix were all up more than 2% while Alphabet advanced
Former Theranos founder and CEO Elizabeth Holmes (L) leaves the Robert F. Peckham U.S. Federal Court on June 28, 2019 in San Jose, California. Justin Sullivan | Getty Images Seven months and nine days from now Elizabeth Holmes will face charges that she defrauded investors of her blood-testing company Theranos. That was the decision on
A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s
Tenants and housing activists in Brooklyn, New York, protested in a Bushwick park on July 5. Erik McGregor | Getty Images Negotiations over the next coronavirus stimulus package on Capitol Hill ended the week in a stalemate. But there’s one form of help lawmakers reportedly agree on: a second set of stimulus checks. This week’s
States are taking differing approaches to reopening and closing during the pandemic, and the economy has been feeling the impact. More than half of the states have instituted statewide mask mandates to slow the spread of the coronavirus. Some state and local jurisdictions have capped bar hours to limit large groups gathering. Schools are in the limelight
A Popeyes fast food chain restaurant is seen on August 30, 2019 on a street of Washington D.C. Eric Baradat | AFP | Getty Images Restaurant Brands International on Thursday reported that its quarterly revenue plunged 25% as the coronavirus pandemic weighed on same-store sales at Burger King and Tim Hortons. But Popeyes, which has become
Fancy/Veer/Corbis | Getty Images Bianca Thomas was always working. Except on Sunday — that was church day. But in March, everything changed. Thomas lost her job as a prep cook in an eatery catering to Boston Bruins and Celtics season ticket holders. Singing in the church choir, a joy of hers for 13 years, wasn’t possible
Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12
filadendron | E+ | Getty Images Financial upheaval and uncertainty has become the norm for many Americans, thanks to the coronavirus pandemic. Millions are unemployed, and scores of companies have been impacted by the economic slowdown. With so much uncertainty, it can be difficult and even scary to think about your money, much less make
Cabania | iStock | Getty Images Plus When the U.S. government sent out urgent stimulus checks this spring, some people who had already died received money. Now it seems another ineligible group may be getting checks: foreign workers. Reports surfaced this week that a number of those recipients are now living in their home countries.
Beyond Meat last quarter shifted its focus from the food service sector and doubled down on the retail business to drive record sales in the face of a pandemic, CEO Ethan Brown told CNBC’s Jim Cramer Wednesday. Brown said the alternative meat producer’s business was split half-and-half between grocery stores and food preparation businesses, but
Disney reported mixed earnings for its fiscal third quarter on Tuesday, but the stock rose 5% in extended trading after CEO Bob Chapek announced a new streaming service and said Disney+ subscribers will get exclusive access to the release of “Mulan,” which has been repeatedly delayed due to theater closures. Disney continues to feel the
U.S. stock futures edged higher on Wednesday early morning as investors watched for progress from Washington on a new coronavirus stimulus package. The White House and Democratic congressional leaders have reported some progress in the negotiations, but they remain apart on some issues. Dow futures added 69 points. S&P 500 and Nasdaq-100 futures also edged
As the nation’s lawmakers debate the contents of the next pandemic stimulus bill, a group of high powered business leaders at some of the most successful companies in the country are calling on Congress to support America’s small businesses. “This is not a call for bottomless handouts,” the letter, released Monday, says. “It’s a defining moment
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped 21% on Monday after the company announced that it will merge with electric vehicle company
A student leaves the Thurgood Marshal Elementary school after all Seattle Public Schools were abruptly closed due to coronavirus fears on March 11, 2020 in Seattle, Washington. Schools will be closed for a minimum of two weeks. The system is the largest public school district in Washington State. John Moore/Getty Images Distance learning got off
If you’re facing eviction during the coronavirus pandemic, you’re definitely not alone. Up to 40 million Americans may lose their homes in this downturn, four times the amount seen during the Great Recession. Even as unemployment levels remain at historic highs and cases of the virus show no sign of abating, statewide eviction moratoriums in more than 30 states have now
Pasadena Fire Department firefighters perform structure protection as flames sparkle on a hillside behind a home during the Apple fire in Banning, California on August 1, 2020. – 4,125 acres have burn in Cherry Valley, about 2,000 people have received evacuation orders in the afternoon of August 1. Josh Eldelson | AFP | Getty Images
The U.S. economy will face great risk if lawmakers do not step up and stave off a looming, far-reaching eviction crisis, an economist with mortgage aggregator LendingTree told CNBC on Friday. With eviction moratoriums lifting across the country, landlords could eventually default on mortgages and the coronavirus pandemic could worsen in the country if tens
Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images Industrial machinery manufacturer Caterpillar said Friday that cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories during the second quarter and
In the $1 trillion stimulus proposal released by Senate Republicans on Monday — the Health, Economic Assistance, Liability Protection and Schools, or HEALS, Act — the $600 per week unemployment boost of the CARES Act, which expires Friday, would decrease to $200 per week. That’s because Republican leaders have largely said the extra $600 a week discourages people from returning to
Warren Buffett, chairman and CEO of Berkshire Hathaway David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway this week added to his already-enormous stake in Bank of America at a time when the coronavirus pandemic dampens the economic outlook and interest rates hold near record lows. A Securities and Exchange Commission filing showed Buffett’s conglomerate
Sen. Marco Rubio, R-Fla. listens at left as Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks during a news conference prior to a town hall-style meeting in Aston, Pa., Monday, April 23, 2012. Jae C. Hong | AP A second set of stimulus checks could be on the way, but the ink on the
Many travelers are familiar with UNESCO’s World Heritage List, which include both cultural and natural sites deemed to “be of outstanding universal value” by the U.N. agency. Less is known about the organization’s List of World Heritage in Danger. This list designates 53 World Heritage sites under threat of “serious and specific dangers” due to
General Motors lost $806 million and burned through billions of dollars of cash in the second quarter in what is expected to be the worst three months of the year for the auto industry as the coronavirus pandemic shuttered factories and devastated sales. GM’s results released Wednesday reflected a 34% drop in U.S. vehicle sales, which
Stocks rose slightly on Wednesday as investors awaited a congressional hearing on antitrust in Big Tech as well as the Federal Reserve’s latest policy decision. The Dow Jones Industrial Average gained 95 points, or 0.2%. The S&P 500 climbed 0.8%. The Nasdaq Composite advanced 1.1%. The Fed will conclude its two-day policy meeting Wednesday and is set to
The number of coronavirus cases in the U.S. surpassed 4 million in late July. Certain parts of the country have been hit particularly hard this month, including California and North Carolina, both places where I’ve recently spent time. After flying back to Los Angeles, where I currently live, from Charlotte, North Carolina, where my family lives, I
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