Airbnb CEO Brian Chesky at The New York Times Dealbook event on November 6, 2019. Credit: Mike Cohen/ The New York Times Last month, Airbnb promised to issue full cash refunds to qualifying travelers whose trips had been impacted by the coronavirus, but some customers are complaining that Airbnb is […]
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Stock rally loses steam, Dow now up 200 points
Stocks rose on Tuesday, building on the strong gains from the previous session, as investors grew more optimistic about a decline in new coronavirus cases. The Dow Jones Industrial Average traded 253 points higher, or 1.1%. The S&P 500 gained 0.9% while the Nasdaq Composite climbed 0.3%. The major averages […]
Mnuchin seeks $250 billion more in small business aid, as Senate vote is planned for Thursday
Treasury Secretary Steven Mnuchin said Tuesday that, at the direction of President Donald Trump, he has spoken with congressional leaders to secure an additional $250 billion for the small business loan program as the coronavirus outbreak hammers the economy. Mnuchin said he spoke with Senate Majority Leader Mitch McConnell, Senate […]
Trump removes inspector general overseeing $2 trillion coronavirus relief package days after he was appointed
U.S. President Donald Trump responds to a question about the Department of Health and Human Services Inspector General’s report on the shortage of novel coronavirus tests for hospitals during the daily coronavirus task force briefing at the White House in Washington, U.S., April 6, 2020. Kevin Lemarque | Reuters WASHINGTON […]
Coronavirus live updates: NY deaths jump, Senate aims for Thursday vote on small business aid
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 1,381,014 Global deaths: At least 78,269 US cases: At least 378,289 US deaths: […]
Senate will vote to pass more small business aid Thursday, McConnell says
Senate Majority leader Mitch McConnell said he hopes to approve further funding Thursday to buoy small businesses devastated by the coronavirus pandemic. “I will work with Secretary Mnuchin and Leader Schumer and hope to approve further funding for the Paycheck Protection Program by unanimous consent or voice vote during the next […]
Stocks jump for a second day, Dow gains more than 700 points
Stocks rose on Tuesday, building on the strong gains from the previous session, as investors grew more optimistic about a decline in new coronavirus cases. The Dow Jones Industrial Average traded more than 767 points higher, or 3.4%. The S&P 500 gained 3% while the Nasdaq Composite climbed 2.3%. The […]
WeWork board sues SoftBank over withdrawal to buy $3 billion worth of shares
SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on November 6, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images WeWork’s special committee is suing SoftBank after SoftBank withdrew its $3 billion tender offer, the company announced Tuesday. WeWork is claiming that SoftBank breached […]
Stocks cut gains after big jump at the open, Dow now up 300 points
Stocks rose on Tuesday, building on the strong gains from the previous session, as investors grew more optimistic about a decline in new coronavirus cases. The Dow Jones Industrial Average traded 340 points higher, or 1.5%. The S&P 500 gained 1.2% while the Nasdaq Composite climbed 0.4%. The major averages […]
Requests to delay mortgage payments jump nearly 2,000% as borrowers seek relief during coronavirus outbreak
A sign advertising home mortgage services at a Bank of America branch in Manhattan Beach, Calif. Patrick T. Fallon | Bloomberg | Getty Images Mortgage payments for the month of April are not even officially late until the 15th, but borrowers are flooding into the government’s mortgage forbearance program. Requests […]