coronavirus

California's recovery from the coronavirus will take 'longer than people think,' Gov. Gavin Newsom says

"It's going to take a lot longer than people are saying. This is serious, we've never experienced anything like this in our lifetime," Newsom said regarding California's recovery from Covid-19.




coronavirus

Russia posts record daily new coronavirus cases, UK economy could shrink 14% this year

Russia reported 11,231 additional cases of the coronavirus disease to bring the country's tally to 177,160 since the outbreak.




coronavirus

Millions of 'easy-to-use' coronavirus tests will be available by end of summer, top US health official says

Americans need coronavirus tests "that do not require hours or days to determine results," the head of the NIH tells Congress.




coronavirus

Parts of Asia that relaxed restrictions without a resurgence in coronavirus cases did these three things

"This is a tough, tough virus," said disease specialist Dr. Dale Fisher. "All it takes is one infected person and it spreads like wildfire."




coronavirus

This single mother makes six figures driving a truck during the coronavirus

April Coolidge became a truck driver in her mid 40s after a long career in real estate. Eight years later as the coronavirus shuts down the economy, she is making more money than she ever did selling houses. Watch this video to learn more about why Coolidge decided to become a trucker and how the coronavirus has changed her time behind the wheel.




coronavirus

Beware: Your coronavirus unemployment benefits will be taxed. How to avoid a huge hit

More than 22 million Americans who have lost jobs due to the coronavirus pandemic are currently collecting unemployment benefits. Most are unaware this is considered taxable income. Here are three ways to avoid a huge tax bill in 2021.




coronavirus

How unemployment benefits are calculated under the coronavirus stimulus bill

More than 33 million Americans have applied for unemployment insurance over the last seven weeks. Here's a look at how their benefits will be calculated.




coronavirus

Senators ask Jeff Bezos for answers on fired coronavirus whistleblowers

Amazon has fired at least four workers in recent months who were outspoken critics of its labor policies.




coronavirus

Elon Musk says coronavirus pandemic is 'practice run' for future viruses

Musk has been a vocal critic of how government and health officials are reacting to the coronavirus pandemic that's killed at least 73,431 people in the United States.




coronavirus

The US wind industry installed over 1,800 megawatts in first quarter, but the coronavirus remains a risk

The renewable energy sector is being affected by the coronavirus in a number of ways.




coronavirus

Feeding strawberries to cows: Farmers forced to throw fruit and flowers as coronavirus disrupts supplies

Farmers around the world are letting their crops rot in the fields as the coronavirus outbreak disrupts supply and demand for flowers, fruit and milk.




coronavirus

Coronavirus continues to impact the wind energy sector as Germany's Nordex withdraws guidance

Company says Covid-19 pandemic will affect results from second quarter of 2020.




coronavirus

The Masters and other major golf tournaments are postponed due to coronavirus

The 2020 Masters event has been postponed due to fears of coronavirus outbreak, Augusta National Golf Club chairman Fred Ridley announced on Friday.




coronavirus

Boston Marathon delayed until September due to coronavirus

The Boston Marathon has been postponed until September because of the coronavirus, according to an official statement from the Boston Athletic Association.




coronavirus

NFL prohibits in-person interviews with players before draft due to coronavirus

Teams will be allowed to interview eligible draft candidates over the phone for no more than an hour.




coronavirus

Sports teams can hang onto sky-high valuations by taking care of employees now during coronavirus outbreak

As coronavirus suspends sporting events, experts say team owners will need to show leadership and financially assist workforces to preserve valuations.




coronavirus

NFL cancels 2020 draft event in Las Vegas due to coronavirus

The NFL draft will still be televised, even though the public, in-person event in Las Vegas has been canceled.




coronavirus

NBA and NHL say players can still travel after seasons suspended due to coronavirus

The NHL joined the NBA in allowing its players to travel outside of club cities as the coronavirus continues to halt the sports injdusty.




coronavirus

Coronavirus could be the tipping point for movie theaters, gyms and other industries already suffering from disruption

Movie theaters, fitness centers, commercial real estate and pay TV could be among the industries that are vulnerable in prolonged quarantines.




coronavirus

NFL free agent deals at risk as team doctors can't evaluate players due to coronavirus

With in-person visits with free agents restricted due to the coronavirus outbreak, some NFL agents are wondering how a new deal will become official without team examinations.




coronavirus

MLB to offer compensation to minor league players affected by coronavirus work stoppage

Major League Baseball said it will offer financial assistance to minor league players affected by the work stoppage due to the coronavirus pandemic.




coronavirus

Doctors and patients wonder if the NBA is getting special treatment with coronavirus tests

Sick patients are being turned away, unable to receive tests because they simply aren't available. In a stark contrast, the NBA said that as of Wednesday, at least eight teams had been tested for the COVID-19 coronavirus.




coronavirus

How coronavirus could permanently change the movie industry

The distinction between a theatrical and a digital release is disappearing as theaters shut down. This could fundamentally changes studios' leverage in negotiations with theater chains, permanently alter consumer behavior and raise the bar significantly for going out to the movies.




coronavirus

AT&T president says consumer behavior will be fundamentally changed from coronavirus

"We're going to return to a different economic environment. We're going to return to different business models," AT&T President and COO John Stankey told CNBC.




coronavirus

With Hollywood on hiatus, studios are bracing for fights with insurers over coronavirus losses

Allianz, which is one of the main insurers for entertainment companies, estimates that Hollywood studios paid $400 million in premiums last year to cover "unforeseeable events." Now the bill is coming due.




coronavirus

UK TV watchdog 'assessing' popular daytime show over comments on 5G-coronavirus conspiracy theories

Ofcom is looking into a popular morning show after its presenter made comments about baseless conspiracy theories linking Covid-19 to 5G.




coronavirus

Hollywood's small businesses in crisis as coronavirus shuts everything down

Of the 5,900 businesses in Hollywood, 99.5% have less than 500 employees, and over 90% have fewer than 10 employees. Many are being forced to layoff or furlough employees as the coronavirus pandemic drags on.




coronavirus

Pop radio in decline, streaming on the rise: How the coronavirus is changing what we listen to

Instead of car radio, people calling on digital assistants like Amazon's Alexa and Apple's Siri to fire up some music while they cook.




coronavirus

Men's shirt retailer Untuckit taps real estate restructuring firm to renegotiate deals during coronavirus

The move by Untuckit comes as a number of retailers are looking to renegotiate deals with their landlords, or shut stores entirely, as the Covid-19 pandemic has forced doors temporarily shut to try to curb the spread of the virus.




coronavirus

Kroger CEO: Customers will have meat during the coronavirus pandemic, so long as they are 'flexible'

The supermarket chain executive said Kroger is working with new meat suppliers and diverting meat that would have gone to restaurants to try to stay in stock.




coronavirus

Luxury retailer Neiman Marcus files for bankruptcy as it struggles with debt and coronavirus fallout

The luxury department store chain had been struggling with competition from online rivals and dwindling cash before the pandemic.




coronavirus

Kohl's CEO: Our real estate is an asset emerging from the coronavirus pandemic

Kohl's announced Thursday morning that it plans to have 25% of its stores reopened by next week.




coronavirus

The meat supply chain is broken. Here's why shortages are likely to last during the coronavirus pandemic

Challenges with the country's meat supply chain will likely linger as long as the coronavirus pandemic does causing periodic shortages.




coronavirus

This chart shows how coronavirus jobs losses dwarf those in prior recessions

Jobs losses related to the coronavirus dwarf employment declines seen during prior U.S. recessions.




coronavirus

She fled coronavirus-stricken Brooklyn to live in Oklahoma: 'You're just in this survival mode'

Lindsey Marvel, 38, moved to New York because, she said, "I'm literally going big or going home." Now she's going home to Tulsa, Oklahoma. The effect that Covid-19 has had not just on her personal life, but on the city she loves, was simply too much.




coronavirus

Coronavirus: Wealthy New Yorkers flee Manhattan for suburbs and beyond

Brokers say buyers and renters coming from the city are asking for the same thing: more space and more distance from neighbors and crowds.




coronavirus

Coronavirus mortgage bailout program grows again as more homeowners delay payments

Applications to the government's mortgage bailout program have been swelling at a rate of about half a million a week.




coronavirus

Landlords are worried increasingly fewer tenants will pay rent as coronavirus job losses mount

Rent is traditionally due on the first of the month, and with each passing month more tenants are becoming late on their payments.




coronavirus

I just refinanced my mortgage, despite coronavirus. Here's what I learned

Two months after applying for a new loan, I closed on April 27. The process was painless, but some things were worth noting for those exploring an online mortgage or refinance during coronavirus.




coronavirus

Coronavirus will shrink US home prices by 2-3% nationally, Zillow forecasts, but deeper dive could be in store

Home prices have only fallen nationally once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession. Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted to fall nationally again, down 2-3% this year, according to Zillow.




coronavirus

NYC real estate market under pressure as coronavirus pandemic halts sales

New York City is the nation's largest real estate market, and the pandemic has caused a number of deals to go bust. CNBC's Robert Frank reports.




coronavirus

Hilton is in a good position to withstand the coronavirus: Macquarie

As the travel and tourism industry struggles with the fallout from the coronavirus, Chad Beynon of Macquarie explains why Hilton's franchise business model makes it resilient in this challenging environment.




coronavirus

Booking Holdings CEO says a coronavirus vaccine is needed to make travelers feel safe again

Even as economies start to reopen, Booking Holdings CEO Glenn Fogel said the travel industry will take years to recover to pre-coronavirus levels.




coronavirus

Federal Reserve seeks banks' advice as it gets into direct lending with coronavirus relief

The Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead of its formal launch, according to people familiar with the matter.




coronavirus

8-month 'structured lockdowns' could halve economic damage from the coronavirus, research claims

Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the face of Covid-19 was "extremely risky" for developed economies.




coronavirus

US services sector posts biggest contraction since 2009 as coronavirus halts economic activity

The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought economic activity in the country to a near-screeching halt.




coronavirus

Most 2020 swing state voters want more direct payments during coronavirus, CNBC/Change Research poll finds

Democrats are pushing for at least one more round of direct payments during the coronavirus crisis after many voters got $1,200 stimulus checks.




coronavirus

NIH doesn't expect the coronavirus to rapidly mutate like the seasonal flu

"We don't think it will have this very rapid seasonal change that we have to deal with influenza," the head of the NIH tells Congress.




coronavirus

Hydroxychloroquine fails to help hospitalized coronavirus patients in US funded study

Hydroxychloroquine, a decades-old malaria drug touted by President Donald Trump, didn't appear to help hospitalized patients with Covid-19, according to a new observational study.




coronavirus

Trump says coronavirus tests are 'overrated,' but he will get tested daily

The new daily testing policy for the president and the people in his circle comes hours after the White House acknowledged that a personal valet for Trump tested positive for Covid-19.