People wait in line at a walk-up testing site for COVID-19 during the new coronavirus pandemic, Tuesday, June 30, 2020, in Miami Beach, Fla. Lynne Sladky | AP The U.S. reported more than 50,600 additional coronavirus cases on Wednesday, the largest single-day increase since the beginning of the outbreak, according […]
CNBC News
‘They just turn a blind eye’: Amazon Air contractors face safety risks as new coronavirus outbreaks emerge
An Amazon Air plane at Ontario International Airport on Monday, February 4, 2019. Katie Schoolov The coronavirus pandemic has shed a bright light on Amazon‘s treatment of warehouse workers and prompted the company to take extraordinary steps to reassure employees, legislators and the broader public that it’s protecting workers. Amazon […]
Pence vows to ‘keep opening up America’ as U.S. sets new record for coronavirus cases
Vice President Mike Pence on Thursday vowed that the Trump administration would “keep opening up America” despite a recent surge in coronavirus cases. Pence told CNBC’s “Squawk on the Street” that the White House will stay with state leaders “every step of the way as they continue to take steps […]
Record jobs gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%
Nonfarm payrolls soared by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday. Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report […]
Oil demand to return to pre-pandemic levels by 2022, Goldman says, but unlikely to peak this decade
Indian oil petrol pump staff wearing and gloves as as a preventive measure against the spread of coronavirus (Covid-19) near Jor Bagh on March 18, 2020 in New Delhi, India. Amal KS | Hindustan Times via Getty Images Analysts at Goldman Sachs expect global oil demand to return to pre-pandemic […]
Dow surges more than 400 points after U.S. jobs report blows past expectations
Stocks rose sharply on Thursday as investors cheered a bigger-than-expected increase in jobs in June as the economy tries to claws back from the coronavirus shutdown. The Dow Jones Industrial Average traded 412 points higher, or 1.6%. The Nasdaq Composite hit a record high, climbing more than 1%. The S&P […]
Watch live: Trump speaks as U.S. reports strong jobs data, coronavirus cases surge
[The stream is slated to start at 9:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] div > div.group > p:first-child”> President Donald Trump is expected to deliver remarks Thursday after strong jobs numbers came out and the number of confirmed […]
‘Cuddle curtains’ are going global amid the coronavirus pandemic
A son hugs his father at the Geriatric Clinic Três Figueiras on June 16, 2020 in Gravatai, Brazil. The clinic created the Tunel do Abraco (hug tunnel) for elderly residents to be able to hug relatives after more than 70 days apart due to the coronavirus pandemic. The tunnel is […]
Stocks making the biggest moves in the premarket: McDonald’s, Tesla, JetBlue, Facebook & more
Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – McDonald’s halted further reopenings of dine-in service at its restaurants, postponing them by three weeks due to a rise in Covid-19 cases. Restaurants, where dine-in service had already resumed, will be allowed to continue offering […]
Tesla shares soar after reporting big beat on second-quarter deliveries
Tesla shares soared in pre-market trading Thursday after the automaker said it delivered 90,650 vehicles in the second quarter, handily beating Wall Street expectations. Analysts expected the electric car maker to delivery about 72,000 vehicles during the last three months, according to a consensus of analysts surveyed by FactSet. A broader set […]