Coronavirus scams are on the rise. Government agencies, like the IRS, the Federal Trade Commission and the Social Security Administration, are warning consumers to be vigilant as fraudsters try to take advantage of them during the coronavirus pandemic. “Whenever crises erupt, the scammers and fraudsters have a heyday,” said Sally Greenberg, executive director of the
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The stock market could still touch new lows as uncertainty around the coronavirus pandemic persists, Mohamed El-Erian said Friday.  “I don’t think we’re forming a bottom yet. I think we’re going down at a slower rate,” the chief economic advisor at Allianz said on CNBC’s “Squawk Box.” “There is a very important distinction there.”  Calling a
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Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci speaks during the daily briefing on the novel coronavirus, COVID-19, in the Brady Briefing Room at the White House on April 1, 2020, in Washington, DC. Mandel Ngan | AFP | Getty Images Americans shouldn’t assume hydroxychloroquine is a “knockout drug” in preventing or
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U.S. government debt prices were higher Friday as the total number of global coronavirus cases surpassed 1 million. The yield on the benchmark 10-year Treasury note fell 3 basis points to 0.59% while the yield on the 30-year Treasury bond was also lower at 1.23%. Bond yields move inversely to prices. Investors will be watching
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Travelers wearing protective masks and suits walk through Incheon International Airport in Incheon, South Korea, on Monday, March 9, 2020. SeongJoon Cho | Bloomberg | Getty Images This is a live blog. Please check back for updates. Global cases: More than 1,011,000.  Global deaths: At least 52,800.  Top 5 countries: United States (242,182), Italy (115,242), Spain (112,065),
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Short seller Jim Chanos warned investors about piling into “virus stocks” boosted by the coronavirus lockdown temporarily. “One area I would warn people about for example is the virus stocks,” Chanos said on Thursday on CNBC’s Halftime Report. They are “doing well right now in this enforced lockdown. A lot of these companies are really not structurally
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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 965,246 Global deaths: At least 49,180 US cases: At least 217,263 US deaths: At least 5,137 The data
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Walgreens Boots Alliance said it saw a surge in sales and then a drop-off in March as the coronavirus pandemic spreads across the world and now keeps people indoors. The international drugstore’s same-store sales were up 26% in the first 21 days of the month as people stocked up on prescriptions and other items, Global Chief
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This is a live blog. Please check back for updates. Global cases: More than 937,783 Global deaths: At least 47,261 Top 5 countries: United States (216,721), Italy (110,574), Spain (104,118), China (82,394), and Germany (77,981) The data above was compiled by Johns Hopkins University as of 1:51 p.m. Beijing time. All times below are in
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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 932,000 Global deaths: At least 46,000 US cases: At least 209,000 US deaths: At least 4,700 The data above was
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President Donald Trump speaks at the daily coronavirus briefing joined by Vice President Mike Pence in the James Brady Press Briefing Room at the White House on March 22, 2020 in Washington, DC. Tasos Katopodis | Getty Images Dow Jones Industrial Average drops 973 points The Dow slid 973.65 points, or 4.44%, to close at
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | REUTERS Heading into earnings season, investors should expect delayed reports, withdrawn forecasts and confusing results from U.S. businesses grappling with the coronavirus shutdown.  There is a general consensus that company earnings are going
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Taking a trip is the last thing on many people’s minds. Roughly 94 million Americans have cancelled or plan on canceling travel plans due to the coronavirus pandemic, according to a recent survey by personal finance site WalletHub. Given the circumstances, many airlines are relaxing cancellation policies and major hotel chains are waiving fees. “There is pretty
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