Month: March 2020

This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. Global cases: More than 679,000 Global deaths: At least 31,000 United States cases: At least 124,600 United States deaths: At least
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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters The Mortgage Bankers Association in a dire letter to regulators Sunday warned that the U.S. housing market is “in danger of large-scale disruption,” due to efforts by the Federal Reserve
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FILE PHOTO: A soldier is seen at the military mobile hospital that will care for patients infected with coronavirus disease (COVID-19) in San Miguel, on the outskirts of Buenos Aires, Argentina March 24, 2020. REUTERS/Matias Baglietto BUENOS AIRES (Reuters) – Argentina’s President Alberto Fernandez said on Sunday that the country would extend a mandatory nationwide
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The coronavirus is rapidly surging throughout the United States, with some small rural counties leading the country in per capita rates of confirmed cases, according to a CNBC data analysis.  Rural counties like Gunnison County, Colorado; Blaine County, Idaho; and Summit County, Utah have all been struggling with a recent surge in infections. The counties, located
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Hank Paulson David Orrell | CNBC Former Treasury Secretary Hank Paulson warned that the U.S. faces a “very difficult road ahead” after President Trump signed a historic $2 trillion coronavirus relief bill.  Paulson, a key figure in helping the country avoid economic catastrophe during the 2008 financial crisis, drew on his experience from that tumultuous period
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College acceptance letters are already in the mail. Now high school seniors must decide their fate for September. Up until now, National College Decision Day, the deadline for high school seniors to choose which college they will attend, has always been May 1. This year, however, the global coronavirus pandemic and extreme economic uncertainty have pushed many
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A sign hangs above the entrance to a Bank of America branch in Chicago, Illinois. Scott Olson Bank of America CEO Brian Moynihan said his bank’s 200,000-plus employees won’t have to worry about layoffs this year, joining banks including Morgan Stanley and Citigroup in making similar pledges.  “We don’t want our teammates to worry about their jobs
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Paul Tudor Jones Kevin Mazur | Getty Images Hedge fund manager Paul Tudor Jones said Thursday investors should commend Washington’s policy response to the economic shock from the coronavirus pandemic.  “Investors can take heart that we’ve counteracted this existential shock with the greatest fiscal, monetary bazooka. It’s not even a bazooka. It’s more like a nuclear bomb,”
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MELBOURNE (Reuters) – The rate of spread of the novel coronavirus in Australia has halved in recent days, Prime Minister Scott Morrison said on Sunday as he announced an additional A$1.1 billion ($680 million) to expand telemedicine care and other health services. FILE PHOTO: Australian Prime Minister Scott Morrison speaks during a state memorial honouring
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