An abysmal March jobs report gives a glimpse of the devastating economic damage caused by the coronavirus pandemic. Another surge in oil prices on expected output cuts limited the losses in the stock market. Major equity averages suffered their third week of losses in four as the coronavirus crisis deepened. Here’s what happened: 4:22 pm: Sell-off by
0 Comments
New Delhi: The government has taken steps to continue exports and imports of plant products. It has been releasing phytosanitary certification for export consignments and Import releases of plant and plant products during lockdown. “During the lockdown, we have released around 4000 certificates while for import consignments, over 1000 certificates have been released so far,”
0 Comments
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in E astern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 1,026,900 Global deaths: At least 53,975 US cases: At least 245,500 US deaths: At least 6,058 The
0 Comments
Bank of America said Friday it is now capable of accepting online applications for the government’s $350 billion small business relief program, becoming the first major bank to do so.  As of mid-morning New York time, none of the websites of the three other big U.S. banks — JPMorgan Chase, Wells Fargo or Citigroup — were accepting applications
0 Comments
Coronavirus scams are on the rise. Government agencies, like the IRS, the Federal Trade Commission and the Social Security Administration, are warning consumers to be vigilant as fraudsters try to take advantage of them during the coronavirus pandemic. “Whenever crises erupt, the scammers and fraudsters have a heyday,” said Sally Greenberg, executive director of the
0 Comments
The stock market could still touch new lows as uncertainty around the coronavirus pandemic persists, Mohamed El-Erian said Friday.  “I don’t think we’re forming a bottom yet. I think we’re going down at a slower rate,” the chief economic advisor at Allianz said on CNBC’s “Squawk Box.” “There is a very important distinction there.”  Calling a
0 Comments
German Chancellor Angela Merkel makes a press statement on the spread of the new coronavirus COVID-19 at the Chancellery, in Berlin on March 22, 2020. MICHAEL KAPPELER Almost half a million companies in Germany have sent their staff on short-term working schemes — known as “Kurzarbeit” — to trim their payroll costs with immediate effect. 
0 Comments
Ursula von der Leyen, incoming president of the European Commission, left, speaks during news conference at the European Parliament, in Strasbourg, France, on Tuesday, July 16, 2019. Bloomberg | Bloomberg | Getty Images European tech industry groups are stepping up their lobbying efforts to ensure the EU supports start-ups hit hard by the coronavirus crisis.
0 Comments
Short seller Jim Chanos warned investors about piling into “virus stocks” boosted by the coronavirus lockdown temporarily. “One area I would warn people about for example is the virus stocks,” Chanos said on Thursday on CNBC’s Halftime Report. They are “doing well right now in this enforced lockdown. A lot of these companies are really not structurally
0 Comments
Walgreens Boots Alliance said it saw a surge in sales and then a drop-off in March as the coronavirus pandemic spreads across the world and now keeps people indoors. The international drugstore’s same-store sales were up 26% in the first 21 days of the month as people stocked up on prescriptions and other items, Global Chief
0 Comments
This is a live blog. Please check back for updates. Global cases: More than 938,373. Global deaths: At least 47,273. Top 5 countries: United States (216,722), Italy (110,574), Spain (104,118), China (82,394), and Germany (77,981) The data above was compiled by Johns Hopkins University as of 3:50 p.m. Beijing time. All times below are in
0 Comments