U.S. oil dropped to an 18-year low on Monday as demand continues to evaporate, and as Saudi Arabia and other OPEC+ nations prepare to ramp up production. With much of the world in lockdown as the coronavirus pandemic rages on, demand for oil has fallen off a cliff. People aren’t […]
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Macy’s to furlough majority of its 130,000 workers
Macy’s says it will temporarily stop paying tens of thousands of employees who were thrown out of work when the chain closed its stores in response to collapsing sales during the pandemic By ANNE D’INNOCENZIO AP Retail Writer March 30, 2020, 6:57 PM 4 min read 4 min read Share […]
What’s behind Trump’s striking reversal on the coronavirus timeline?
President Donald Trump on Monday optimistically declared that “it’s going to be a month of achievement” for the country even as he asked the extended strict social distancing guidelines for another month as the nation stares down the sober reality that 100-200 thousand Americans could die from the virus. “Nothing […]
Cuomo urges health care workers from other states to come help New York
At a briefing Monday on the coronavirus outbreak, New York Governor Andrew Cuomo called for doctors and nurses from around the country to come help with the crisis in New York, and promised to return the favor as the pandemic spreads to other communities. Watch his remarks. Free America Network […]
Lufthansa puts 27,000 workers on short hours
German airline Lufthansa is putting 27,000 of its 35,000 employees on short hours under a government support program that will ensure they get most of their pay while the virus outbreak reduces air traffic By The Associated Press March 30, 2020, 5:51 PM 2 min read 2 min read Share […]
Kennedy Center to stop paying National Symphony Orchestra despite $25 million in aid
The decision was notified just after President Trump signed the stimulus bill. March 30, 2020, 4:29 PM 7 min read 7 min read Share to Facebook Share to Twitter Email this article The Kennedy Center for the Performing Arts in Washington, D.C., will stop paying its musicians despite expecting to […]
Cuomo issues plea for health care workers to help New York
New York Governor Andrew Cuomo on Monday gave an urgent plea for health care workers to help the hard-hit state at the epicenter of the coronavirus crisis. The plea comes as the state hit a grim milestone on Monday with another 235 deaths in the past 24 hours, putting the […]
Emergency field hospital erected in the middle of New York’s Central Park
As New Yorkers wake up to the start of another week painfully altered by the presence of coronavirus, there are a number of new images from around the city that serve as reminders of the unprecedented crisis. There is the sight of the USNS Comfort finally docked at Pier 88, […]
‘People are afraid’: Amazon warehouse workers in New York walk off the job
A group of workers at an Amazon warehouse in New York City walked off the job and went on strike Monday afternoon, demanding the company shut down and thoroughly clean the sprawling facility after they say multiple employees there have tested positive for the novel coronavirus. Fear of the rapidly […]
Coronavirus live updates: France sees worst daily death toll, Cuomo issues call for healthcare workers
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 755,500 Global deaths: At least 36,200 US cases: More than 148,000 US deaths: […]