Business

Companies reduced payrolls by 27,000 in early March before the worst of the coronavirus-induced economic freeze, according to a report Wednesday from ADP and Moody’s Analytics. Actual losses for the month were far worse as indicated by the millions of people who already have filed unemployment claims. Wednesday’s report covers the period through March 12.
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Steven Mnuchin, Treasury secretary, listens during a House Appropriations Committee hearing on Capitol Hill in Washington, D.C., on Wednesday, March 11, 2020. Images Sarah Silbiger | Bloomberg via Getty Images Leading Democratic senators on Tuesday called on Treasury Secretary Steven Mnuchin to ensure proper oversight of a $500 billion fund aimed at helping companies hit
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Joe Biden in an interview on MSNBC. Source: MSNBC Former Vice President Joe Biden said Monday that he was not reconsidering his opposition to single-payer health care despite the strain that the coronavirus pandemic has put on the existing health-care system.  “Single-payer will not solve that at all,” Biden said during an interview on MSNBC. 
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A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon announced Thursday fiscal fourth-quarter results that topped expectations, as its same-store sales surged 20% during the period, thanks, in part, to
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Americans who are stuck in their homes during the coronavirus pandemic aren’t just video-conferencing and binge-watching TV. Lowe’s CEO Marvin Ellison said they’re also replacing appliances and doing DIY projects. In an interview with CNBC on Wednesday, Ellison said the home improvement retailer has seen an increase across nearly every store category as customers not
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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 387,382 Global deaths: At least 16,767 US cases: At least 46,450 US deaths: At least 593 The data above was compiled by
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People wearing protective face masks, following an outbreak of the coronavirus, are seen next to the Olympic rings in front of the Japan Olympic Museum in Tokyo, Japan, February 26, 2020. Athit Perawongmetha | Reuters There is mounting pressure to postpone the Olympics for the first time in their 124-year history.  On Sunday, leaders from
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The United States won’t be able to test broadly for the coronavirus for “weeks, if not months,” Severin Schwan, CEO of Swiss diagnostics maker Roche, told CNBC on Monday. “No doubt, ideally we would have broader testing, but at the moment, capacities are limited,” Schwan said on CNBC’s “Squawk Box.” “I think this is still a
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