Business

Larry Kudlow, director of the U.S. National Economic Council, speaks during a press briefing at the White House on July 2. Michael Reynolds/EPA/Bloomberg via Getty Images Won’t be ‘quick’ The exact timing of the new benefit is impossible to nail down, given some confusion around aspects of Trump’s order. States will also likely vary in

Russia said it will produce thousands of coronavirus vaccines per month before the end of the year. Carol Smiljan | NurPhoto | Getty Images Scientists and public health officials are skeptical about Russian President Vladimir Putin‘s claim that the country’s potential vaccine for the coronavirus “works quite effectively,” saying Tuesday that the vaccine still needs critical testing to

People wearing protective masks walk along the Jubilee Bridge at the Marina Bay waterfront on June 7, 2020 in Singapore. Suhaimi Abdullah | Getty Images Singapore’s three largest banks reported a sharp fall in second-quarter net profits compared to a year ago as they beefed up reserves in anticipation of the challenges ahead. The trio —

Dr. Scott Gottlieb is wary of the safety and effectiveness of a new coronavirus vaccine touted by Russian President Vladimir Putin as the world’s first drug approved to prevent Covid-19. “I wouldn’t take it, certainly not outside a clinical trial right now” where patients are closely monitored, Gottlieb said on “Squawk Box” on Tuesday. “They’re claiming that it’s fully approved, but

Aerial view of Lujiazui Financial District at dusk, Pudong, Shanghai, China. Fei Yang | Moment | Getty Images U.S. sanctions on Hong Kong leader Carrie Lam raises uncertainty for international banks that were looking at a historic opening of the Chinese financial market. The U.S. Treasury announced Friday sanctions on the semi-autonomous region’s chief executive and

The good news: The United States has a window of opportunity to beat back Covid-19 before things get much, much worse. The bad news: That window is rapidly closing. And the country seems unwilling or unable to seize the moment. Winter is coming. Winter means cold and flu season, which is all but sure to

A man wearing a mask walks past the U.S. Federal Reserve building in Washington D.C., the United States, on April 29, 2020. Xinhua News Agency | Getty Images The Federal Reserve in July bought up more bonds from blue chip companies including Microsoft and Coca-Cola, while it added to its positions in junk debt and

Young elementary school students and their parents attempt to get the attention of passing motorists on Church Street in Winchester, MA on July 30, 2020. A group of Winchester parents hold an event on the town common, voicing their concerns about younger students being able to learn remotely and advocating for the full return of

Trader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020. Bryan R Smith | Reuters U.S. stock futures slipped on Sunday night after President Donald Trump signed several executive orders aimed at extending coronavirus relief. Dow Jones Industrial Average dipped 55 points, or 0.2%. S&P 500 futures fell 0.2%

When the coronavirus pandemic forced restaurants to shut their dining rooms, many chains slimmed down their menus to make service smoother — and some of those changes may be permanent.  States and cities across the country are easing restrictions, but menus are unlikely to snap back to their pre-pandemic status. Bloated menus can overwhelm customers, slow

Warren Buffett Gerard Miller | CNBC Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate.  The company said it repurchased a total of $5.1 billion worth in stock in May and June. Berkshire repurchased more than $4.6

A view outside Cinemas 1, 2 & 3 movie theater during the coronavirus pandemic on May 18, 2020 in New York City. COVID-19 has spread to most countries around the world, claiming over 320,000 lives with over 4.8 million infections reported. (Photo by Noam Galai/Getty Images) Noam Galai While some industries have heralded the third

Fancy/Veer/Corbis | Getty Images Bianca Thomas was always working. Except on Sunday — that was church day. But in March, everything changed. Thomas lost her job as a prep cook in an eatery catering to Boston Bruins and Celtics season ticket holders. Singing in the church choir, a joy of hers for 13 years, wasn’t possible

Director of the National Institute for Allergy and Infectious Diseases Dr. Anthony Fauci testifies before the US Senate Health, Education, Labor, and Pensions Committee hearing to examine COVID-19, “focusing on lessons learned to prepare for the next pandemic”, on Capitol Hill in Washington, DC on June 23, 2020. Kevin Dietsch | Pool | AFP |

A FedEx logo on a delivery truck Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday following its better-than-expected quarterly earnings. T-Mobile earned 9 cents on revenue of $17.67 billion, compared

Spencer Platt | Getty Images Desy’s is one of the last bars left standing in Morrisville, North Carolina.  Owner Desislava Nikolova made her American dream come true by opening Desy’s and another bar in nearby Cary after immigrating to America from Bulgaria 11 years ago. While the coronavirus pandemic forced the majority of her counterparts in the local

Anne Boden, CEO of Starling Bank, speaking at Web Summit 2019 in Lisbon, Portugal. Harry Murphy | Sportsfile for Web Summit via Getty Images British digital challenger bank Starling said Thursday that its losses doubled in 2019, but that it now expects to break even by year-end amid a rebound in activity from the coronavirus