Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer will furlough an unspecified number of workers starting April 12. It will pay workers until April 11, and provide health benefits throughout the furlough. A similar announcement comes this morning from Party City (PRTY),
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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 The Treasury Department changed the terms on some loans it’s offering to small businesses during the coronavirus pandemic, making them less favorable
If you already are paying on a loan from your 401(k) account and lose your job amid the coronavirus pandemic, that borrowed money could generate a tax bill you weren’t expecting. Although the latest round of economic rescue legislation provides relief for coronavirus-related withdrawals from 401(k) plans, loans that already have been in repayment are subject
Victor Maffe | iStock / 360 | Getty Images The government is just getting started in sending out $1,200 in stimulus relief money it promised to millions of Americans. Many already say it won’t be enough. A recent survey from SimplyWise, a retirement income technology company, found that 63% of respondents said they will need
A framing art gallery is closed in Venice Beach, California’ during the COVID-19 novel coronavirus. APU GOMES/AFP via Getty Images Some small-business owners are growing increasingly worried that loan money being distributed as part of the coronavirus relief package will run out before they can access funds. The Paycheck Protection Program, which is being overseen
Weddings are largely considered recession-proof. From flowers to photography, celebrations of marriage are a $74 billion industry, according to market research firm IBISWorld. Even as more millennials delay marriage, those who do decide to tie the knot are spending more on their big day. Until now. Amid a global pandemic, tens of thousands of couples have
damircudic Stay … Assuming there’s no outstanding loan, ask yourself if there’s a chance you’ll return to this employer. “If yes, leave it alone,” Parks said. “There are provisions to let you rejoin the plan, and you will get credit for time served.” You could stay in the plan, most likely, if your account balance
Tara Moore | Getty Images You may want to brush up on your knowledge of the ins and outs of Social Security before you claim benefits. MassMutual posed 12 questions to 1,500 Americans approaching retirement via an online poll. More than half — 52% — either failed or barely passed. Of those respondents, 33% failed
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 –
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
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
A member of the New York Army National Guard walks past boxes of medical equipment at the Jacob K. Javits Convention Center in New York, U.S., on Monday, March 23, 2020. Construction will begin this week to turn the Jacob K. Javits Convention Center in Manhattan into a 1,000-bed hospital, a first step toward eventually
A Panera Bread shop displays a sign they are open amid the coronavirus pandemic on April 5, 2020 in New York City. John Lamparski | Getty Images Panera Bread is selling groceries as housebound consumers eat fewer meals from restaurants. Customers are able to order breads, bagels, milk, yogurt, cream cheese and fresh produce as
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,
Sgt. Brodie VanBrunt takes a patient’s temperature upon receiving them in the medical bay at the Javits New York Medical Station that is housing coronavirus disease (COVID-19) patients in the Manhattan borough of New York City, U.S., April 4, 2020. Barry Riley | US Navy | Reuters The number of confirmed coronavirus cases in the
BRUSSELS, BELGIUM – FEBRUARY 17: Dutch Minister of Finance, Wopke Hoekstra (L) is talking with the German Federal Minister of Finance Olaf Scholz (R) prior an Eurogroup (Inclusive format) Ministers meeting in the Jusuts Lipsius, the European Union Council headquarter on February 17, 2020, in Brussels, Belgium. Thierry Monasse Europe has been embroiled in another
A pronounced economic slump sparked by the coronavirus outbreak has imperiled a popular investment strategy: buying dividend stocks. These stocks have traditionally been highly coveted during periods of market turbulence because they provide shareholders a dividend or a guaranteed return, typically paid out annually out of the company’s profits or reserves. That investment approach is
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 1,359,398. Global deaths: At least 75,945. US cases: At least 368,449. US deaths: At least 10,993. The data
Levi Strauss & Co. CEO Chip Bergh speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Levi Strauss CEO Chip Bergh said the coronavirus pandemic “will further separate the winners and losers” in the retail industry today. “The brands that are gong to win are going to be the
A coalition of health and industry partners is looking at convalescent plasma as a potential treatment for the coronavirus, Mayo Clinic CEO Dr. Gianrico Farrugia told CNBC on Tuesday. “Scientists and physicians around the world are racing to find new treatments for COVID-19,” Farrugia said on “Squawk on the Street.” “The convalescent plasma initiative is
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.
Square payment system Source: Square Check out the companies making headlines after the bell. Pinterest — Shares of the social media company soared 14% in extended trading after Pinterest released preliminary results ahead of its first-quarter earnings call in May. The company expects revenue ranging from $269 million to $272 million in the first quarter. It
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
Jen Morrow is eagerly awaiting an update from her community bank, Sandy Spring, on a $30,000 loan request for her book store, Bards Alley, in Vienna, Virginia. Since the start of the coronavirus outbreak, Morrow has gone from 12 employees to a staff of just three, including herself, as her bookstore — typically filled with book
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
Workers assemble a Boeing 787 Dreamliner at the Boeing Everett Factory in Everett, Washington. Patrick T. Fallon | Bloomberg | Getty Images U.S. House Democrats representing Washington state have urged Boeing to accept government aid to help weather the coronavirus pandemic after the plane maker’s chief executive balked at the possibility of government equity stakes in exchange for
Business Insider joined a Bakerloo line driver on her daily routine driving a train on the London Underground. Jackie Moriarty has been a driver for 19 years. She told us the things she likes, dislikes, and has experienced while working for Transport for London. Being a Tube driver can be quite demanding, requiring long periods of concentration
Coronavirus deaths in New York surged by 731 on Monday, the biggest single-day jump in COVID-19 fatalities since the outbreak began a few months ago, Gov. Andrew Cuomo said Tuesday. The jump in fatalities comes even as the number of intensive care admissions starts to decline, giving the state some needed breathing room to ramp
Anthony Noto, CEO of SoFi Adam Jeffery | CNBC Personal finance start-up SoFi has agreed to buy payments software company Galileo for $1.2 billion. The cash-and-stock deal will help the companies launch new products, expand internationally and capitalize on consumers’ shift to digital finance, according to the CEOs of both companies. SoFi CEO Anthony Noto said
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