Health workers treating patients with the coronavirus may be at the top of the line to get a vaccine once one is approved. But that’s not necessarily the obvious move. The National Vaccine Advisory Committee met Wednesday for the first of a two-day public meeting on the Covid-19 pandemic, vaccine developments and a distribution plan
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Spencer Platt | Getty Images Some JPMorgan Chase traders are upset that they only learned about a coronavirus case in their building last week from press reports, CNBC has learned. When the bank discovered that an employee on the fifth floor of its Manhattan headquarters had caught Covid-19, it quickly told those who had contact
Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike‘s quarterly earnings and revenue trounced analysts’ estimates,
TransferWise co-founders Kristo Käärmann and Taavet Hinrikus. TransferWise LONDON — TransferWise, one of Europe’s most valuable private financial technology firms, just posted its fourth consecutive year of profitability. The online money transfer service said Wednesday that its net profit more than doubled to £21.3 million ($27.1 million) in the fiscal year ending March 2020. Annual
Erroneous and reversed coronavirus guidance from the nation’s top health agency amid reports of tampering from Trump administration officials is “deeply concerning” and could “ruin the credibility” of the agency, Dr. Scott Gottlieb told CNBC on Tuesday. On Monday, the U.S. Centers for Disease Control and Prevention said it erroneously posted draft guidance on airborne transmission of
While the stock market continues to struggle, the dollar is kicking off the week around six-week highs. However, Brown Brothers Harriman’s Win Thin warns the greenback won’t stay there because the backdrop supports another leg lower. He expects the U.S. Dollar Index to test Feb. 2018 lows — which would be around the “88 and change”
TikTok logo displayed on a phone screen is seen with Walmart logo in the background in this illustration photo taken on September 21, 2020. Jakub Porzycki | NurPhoto | Getty Images Brick-and-mortar giant Walmart may seem like an odd match for TikTok, an algorithm-driven social platform known for hosting memes and viral dance challenges. But a
A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Financial stocks came under pressure on Monday amid a report that a number of global banks moved allegedly illicit funds over the past two decades despite warnings from U.S. officials. Shares of
Emmy Trophies Greg Doherty/Getty Images The 72nd Emmy Awards Sunday night promise to be an awards show like no other. The event, hosted by Jimmy Kimmel, won’t have an audience or a red carpet. Instead, nominees have been sent their own camera kit to broadcast live from their living rooms as Hollywood doles out trophies
People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020. Tayfun Coskun | Anadolu Agency | Getty Images U.S. stock futures dipped on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year. Dow Jones
The World Health Organization warned Friday that the coronavirus is “not going away,” noting that it’s still killing about 50,000 people a week. “That is not where we want to be,” Dr. Mike Ryan, executive director of the WHO’s health emergencies program, said of Covid-19 deaths during a news conference at the agency’s Geneva headquarters.
A store displays a sign before closing down permanently in Arlington, Virginia. OLIVIER DOULIERY/AFP via Getty Images States are poised to raise taxes on businesses starting next year and cut jobless benefits for workers as the coronavirus-fueled downturn continues to stress unemployment systems around the country. Industries like bars and restaurants that were hit hardest
Red fire retardant blankets burned residences and vehicles in the aftermath of the Almeda fire in Talent, Oregon, U.S., September 14, 2020. Adrees Latif | Reuters The U.S. is about halfway through the 2020 wildfire season, but historic blazes in California, Oregon and Washington have already decimated millions of acres, destroyed entire communities and caused
A member of exchange staff uses a fixed-line telephone while looking at financial data on computer screens on the trading floor of Bats Europe, the European arm of Bats Global Markets Inc., in London, U.K.. Jason Alden/Bloomberg | Bloomberg | Getty Images Trading floors in banks have been immortalized in countless Hollywood movies. Chaotic scenes
Robert Redfield, director of the Centers for Disease Control and Prevention (CDC), speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Erin Scott | POOL | Reuters The Centers for Disease Control and Prevention on Friday reversed controversial coronavirus testing guidance, which previously said that people who
Well, that was fast. It took just 12 trading sessions for Apple to plunge more than 20% from its all-time high, shedding over half a trillion in market capitalization. The tech giant has lost 22.5% from its intraday record high of $137.98 from Sept. 2, losing around $536 billion in market value. Apple’s fast and
Global cases of the coronavirus have now crossed 30 million, as new infection rates remain stubbornly high in some countries and show early signs of resurgence in others. The U.S., India and Brazil hold the highest national case tallies — together the three countries account for over half of all reported global infections. The dramatic benchmark
The boards of Bankia and CaixaBank have agreed to merge, which would lead to a behemoth in the Spanish banking sector Pierre-Philippe Marcou, Gabriel Bouys | AFP The boards of Spain’s CaixaBank and state-owned Bankia have approved a merger plan between the two lenders, which will create the biggest bank in the country. The deal