US House Speaker Nancy Pelosi speaks with reporters during her weekly press conference at the US Capitol March 26, 2020, in Washington, DC. Alex Edelman | AFP | Getty Images House Speaker Nancy Pelosi on Thursday announced a new House select committee to oversee the Trump administration’s response to the coronavirus pandemic. On a conference […]
Tag: business news
Goldman CEO Solomon says ‘no question’ response to coronavirus slow
Goldman Sachs CEO David Solomon said that while there is “no question” that the initial U.S. response to the coronavirus pandemic was slow, progress is now being made and a “path forward” from the crisis will emerge in coming weeks. “There’s no question, David, that we were late to this, we were slow to adapt,” […]
Eric Rosengren says Fed ‘has acted quickly’ as markets froze
Boston Federal Reserve President Eric Rosengren said Wednesday the central bank moved rapidly to address deterioration across multiple parts of the financial market that were crippled due to the coronavirus crisis. “At the central bank we’re focused on addressing, and blunting, the economic effects of the pandemic,” Rosengren said in remarks prepared for an online […]
Over 1,000 NYC police contract COVID-19
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 885,000 Global deaths: At least 44,000 US cases: At least 190,000 US deaths: At least 4,100 The data above was compiled […]
White House is not planning 4th bill
The White House is not currently planning for a fourth emergency coronavirus response proposal as it focuses on implementing the unprecedented $2 trillion relief package passed last week, two senior administration officials told CNBC. Since President Donald Trump signed the bill into law Friday, House Democrats have started to outline their priorities for another piece […]
These states could be hit with the biggest jobs losses from the coronavirus pandemic
Pedestrians walk past a boarded up Lori’s Diner in San Francisco, California, U.S., on Tuesday, March 24, 2020. David Paul Morris | Bloomberg | Getty Images When the Coronavirus pandemic eventually subsides, the economic impact will be felt unevenly from one part of the country to another. The regions feeling the biggest impact may also […]
Dow down 500, second quarter begins, Trump’s warning
A man runs past the New York Stock Exchange (NYSE). Bloomberg This is a live blog. Check back for updates. 11:02 am: ‘The other bomb that’s dropping’ — Cramer’s warning as first shale company files for chapter 11 Analysts have warned that falling oil prices will lead to a wave of consolidation or bankruptcies in the […]
Supplies sent to NYC, global growth heads to zero
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 800,000 Global deaths: At least 38,714 US cases: At least 164,610 US deaths: At least 3,170 The data above was compiled by […]
Pelosi says US must move to vote by mail, taking aim at Trump
US Speaker of the House Nancy Pelosi speaks to the press after the House passed a $2 trillion stimulus bill, on March 27, 2020, at the US Capitol in Washington, DC. Alex Edelman | AFP | Getty Images House Speaker Nancy Pelosi said on Tuesday that America needs to move toward a “vote by mail” […]
Dow’s worst first quarter ever, S&P 500’s worst month since ’08
The market is wrapping up a brutal quarter as investors search for a bottom in the fastest bear market ever amid the coronavirus crisis. The Dow Jones Industrial Average is on track to post its worst first quarter in history, but the recent sharp rebound raises the question if the worst is behind us. Here’s […]