Amid the Covid-19 pandemic, people across the world have rushed to “panic buy” and stockpile food and toilet paper, fearing potential shortages. But Bill and Melinda Gates began to stockpile food in their basement years before the current pandemic. “A number of years ago, we talked about, ‘What if there wasn’t clean water? What if there
For most Americans, it’s unusual to get a work phone call outside of normal business hours, let alone at midnight on a Saturday. Six months ago, George Tadross would have agreed. But over the past few weeks, the Philadelphia-based bankruptcy attorney has been fielding calls at all hours, including late nights on weekends. “The volume
Over 80 million America will see the coronavirus stimulus checks deposited into their bank accounts today. If you haven’t gotten yours but are eligible for a payment, don’t worry — it’s coming. The first round of checks, which are part of the federal government’s response to unprecedented unemployment levels and financial strain caused by the coronavirus pandemic, were automatically deposited into the bank accounts
Editor’s note: This article has been updated with comment from the IRS. A tool launched Wednesday by the Internal Revenue Service to track Americans’ stimulus relief checks is not working for many, according to individuals who reached out to CNBC Make It. The Get My Payment tool is meant to give those eligible for a
NFL star J.J. Watt is known for his versatility and unique ability to play either defensive end or defensive tackle for the Houston Texans. But since self-quarantining with his wife and two dogs in Wisconsin, Watt has been perfecting a new talent, one also enjoyed by the likes of billionaires Bill Gates and Jeff Bezos. Watt has
California Gov. Gavin Newsom Rich Pedroncelli | AP California Gov. Gavin Newsom announced Tuesday a guide to how Californiawill reopen society and the economy across the state as officials weigh lifting restrictive orders meant to curb the spread of the coronavirus. Newsom became the first governor to issue a statewide stay-at-home order on March 19.
A JetBlue Airways Corp. plane taxis next to American Airlines Group Inc., Delta Air Lines Inc., and Alaska Airlines Inc. aircraft at Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Monday, April 6, 2020. Andrew Harrer | Bloomberg | Getty Images U.S. airlines and the Treasury Department have reached an agreement in principle on
An employee rings up a customer at the Macy’s Inc. flagship store in New York. Ron Antonelli | Bloomberg | Getty Images A new reality for retailers includes temporarily shuttered storefronts and steep sales declines. Part of that equation includes a more complex issue: Handling shoppers’ returns. Macy’s, Gap and other retailers are adjusting return
Since the coronavirus outbreak began, digital news outlets of newspapers and TV news have seen their readership soar. But there’s an issue, Tracy de Groot of Newsworks tells CNBC how the brand safety mechanisms that have been put in place over the last few years are causing publishers problems. 03:43 an hour ago
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Beijing time. This blog will be updated throughout the day as the news breaks. Global cases: More than 2 million Global deaths: At least 119,483 Most cases reported: United States (682,619), Spain (170,099), Italy (159,516), France (137,875),
A normally busy Main Street is deserted as the small businesses that line the business district remain closed after the governor instituted a shelter-in-place order in an attempt to curtail the spread of the coronavirus (COVID-19) on March 24, 2020 in Rockton, Illinois. Scott Olson | Getty Images Even as small businesses have applied for
The OPEC+ deal that’s supporting oil prices could save millions of U.S. jobs, according to the chief executive of Russian sovereign wealth fund RDIF. After days of discussion, OPEC and its allies reached an agreement on Sunday to cut production by a record 9.7 million barrels per day. It will be in effect from May 1 to the
Neel Kashkari, president of the Minneapolis Federal Reserve, in an interview on February 17, 2016. David Orrell | CNBC Minneapolis Federal Reserve President Neel Kashkari said Sunday he expects the path to economic recovery from the coronavirus pandemic will be a “long, hard road,” pouring cold water on hopes for a “V-shaped” rebound. Kashkari, who
U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images Jesse Norris, 50, normally spends his time flying around the globe to do process auditing for aerospace industry clients at his one-man business, Norris Consulting.
“When we got the order we were non-essential, that was the day we cleared house,” said Suzanna Cameron, 30, the owner of Stems, a flower shop in Brooklyn, New York. After her store was forced to close in response to the coronavirus pandemic, the single mom said she tried to pivot with virtual flower arranging
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images After weeks of lobbying, fintech companies are officially allowed to take part in the U.S. government’s emergency lending program. PayPal and Intuit QuickBooks announced Friday evening that they were approved by the Small Business Administration to take
ROME, ITALY – MARCH 14: People watch tv as Italian Prime Minister Giuseppe Conte delivers his speech on the new economic measures due to Coronavirus emergency on March 14, 2020 in Rome, Italy. Franco Origlia Italian Prime Minister Giuseppe Conte on Friday extended a nationwide lockdown to contain the coronavirus until May 3, though he
Federal Reserve Vice Chairman for Supervision Randal Quarles addresses the Economic Club of New York in New York City, October 18, 2018. Brendan McDermid | Reuters The Federal Reserve Main Street lending program targeting mid-size businesses should be up and running in a few weeks, a senior central bank official said Friday. Vice Chairman Randal
3M N95 particulate filtering face mask are seen at a store in East Palo Alto, California, United States on January 26, 2020. Yichuan Cao | NurPhoto | Getty Images Industrial company 3M announced Friday that it is suing a New Jersey company for alleged price gouging and illegal trade practices involving N95 respirators, a key
The CEO of Heyday, Adam Ross, saw his skincare company go from the busiest weekend ever to completely shutdown overnight. The impact of Coronavirus on all 11 of Heyday’s retail shops in three states has been devastating. Ross candidly shares his story of leadership from the “eye of the storm” including the painful layoffs, tough
The U.S. government’s sprawling policy response to the coronavirus pandemic is necessary, but so too is proper oversight of the new programs, President Barack Obama‘s former budget chief said Thursday. “I think the more oversight the better, in part because we really do need to get money out the door fast,” Peter Orszag said on CNBC’s “Closing
People waiting in line at an unemployment office. Yellow Dog Productions A coronavirus relief bill unveiled Tuesday would significantly expand unemployment benefits for Americans who lose their jobs due to the country’s recent economic contagion. The measure would beef up the nation’s unemployment insurance program, a state-administered program that provides temporary income support for out-of-work
JohnnyGreig | E+ | Getty Images We are in a challenging time, facing rapidly evolving information about the coronavirus and the effects on how we work and live. Markets continue to function and are reflecting this constant change, which means greater volatility. Those circumstances don’t make it easy for investors to stay in their seats.
Five years after my husband died, I wrote in my journal: “I am so much more than just a widow. I’m a thriving independent woman!” Yes, I was firmly in Stage 3 of widowhood — transformation — after navigating the first two phases of grief and growth. Like many other women who also have also
The private-jet industry is asking Congress for bailout money, even as many private jet companies say sales are strong as wealthy flyers avoid commercial flights. The National Business Aviation Association, or NBAA, which represents private-jet companies and corporate jets, sent a joint letter with other industry groups to congressional leaders saying the industry is facing
Wealthy New Yorkers fleeing the city are driving up the prices of rentals in the Hamptons and Hudson Valley, with rates more than tripling for some properties. As New York City considers “shelter in place” rules and the number of coronavirus cases skyrockets, New Yorkers who can afford it are decamping to more rural locales.
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Thursday that whatever happens on the other side of the coronavirus crisis CEOs should not benefit more than their employees. The “Mad Money” host was lamenting the moral hazards of the 2008 financial crisis when companies got bailouts and chief executives got incentives as many
U.S. President Donald Trump, joined by members of the Coronavirus Task Force, speaks about the coronavirus outbreak in the press briefing room at the White House on March 17, 2020 in Washington, DC. (Photo by Drew Angerer/Getty Images) Drew Angerer Two financial-relief measures the Trump administration is weighing to fight the economic scourge of the
It could take years to discover the many wines of South Africa’s Western Cape. For travelers with only a few days on their hands, Cape Town is an excellent base for exploring not only the surrounding wine country, but the city’s wine bars and world-class restaurants. Spread over 40,000 square miles, the Cape Winelands include
As the coronavirus spreads across the globe, and travel disruptions — from visas cancellations to flight suspensions — increase by the day, many people are wondering what to do about their summer holidays, if anything at all. Will the situation be worse this summer — or better? Which countries will be safe? And is flying