A measure of U.S. consumer confidence fell sharply in March as people grapple with the global coronavirus outbreak. The Conference Board said Tuesday its consumer confidence index dropped to 120 this month from 132.6 in February. To be sure, the print was better than the 110 number economists polled by Dow Jones expected. “Consumer confidence declined […]
Tag: business news
Maryland cracking down on stay-at-home order violators
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 732,153 Global deaths: At least 34,686 US cases: At least 143,055 US deaths: At least 2,513 The data […]
Man charged with billing for fraudulent test claims
Items from a COVID-19 test kit are displayed for a photograph. Michael Nagle | Bloomberg | Getty Images Federal prosecutors have criminally charged a Georgia man for allegedly conspiring to defraud federal and private health-care benefit programs “by submitting fraudulent testing claims” for coronavirus and genetic cancer screenings, authorities announced Monday. The man, 49-year-old Erik […]
Dow jumps 400 points after virus measures extended
Stocks rose on Monday, building on a strong rally from last week as the U.S. extends measures to contain the coronavirus outbreak. The Dow Jones Industrial Average was up 476 points, or 2.2%. The S&P 500 climbed 2.5% while the Nasdaq Composite traded 2.8% higher. President Donald Trump said at a news conference Sunday the national […]
February pending home sales jump over 9% annually, ahead of coronavirus impact
A single family home is shown for sale and in escrow in San Marcos, California. Mike Blake | Reuters Homebuyer demand was strengthening markedly just before COVID-19 began its spread across the U.S. Pending home sales, which measure signed contracts on existing homes, rose a stronger-than-expected 2.4% in February compared with January. Sales were up […]
Chinese e-commerce giant takes aim at rival leader Alibaba in cloud
JD.com is one of the biggest e-commerce and logistics company in China. Zhang Peng | LightRocket | Getty Images BEIJING – JD.com, a major Chinese e-commerce company, is looking to become the technology platform of choice for U.S. customers in a cloud computing market dominated by Alibaba. JD is best known in China for its […]
States hit with medical shortages, UK lockdown could last six months
This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. Global cases: More than 684,000 Global deaths: At least 32,000 United States cases: At least 124,600 United States deaths: At least […]
Blind speed video-dating app for NYC
Some New York millennials have turned to video speed dating as a way to maintain their social lives amid the stay-at-home order put in place due to the coronavirus. The dates are coordinated through a project called “NYC Virtual Dating: Catch Feelings, Not COVID,” started earlier this month by Chelsea Mandel and Amanda Shane. The […]
Shellshocked Spain reports record new deaths
This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. Global cases: At least 621,636 Global deaths: At least 28,658 U.S. cases: At least 105,470 U.S. deaths: At least 1,710 All […]
Crazy volatility forces Wall Street strategists to suspend S&P 500 targets
The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next. Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended their year-end targets on the S&P 500, blaming the unprecedented economic uncertainty that makes projecting […]