A foundation led by Army combat veteran and best-selling author Wes Moore is launching a new fund dedicated to financing nonprofit organizations that are solely run by people of color. The new Robin Hood initiative, titled the “Power Fund,” is looking to back these groups in the wake of the coronavirus pandemic and nationwide protests
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Top federal health officials told lawmakers Tuesday the U.S. needs a more unified national response and funding for public health funding if the country faces another pandemic. The U.S. is now reporting nearly 40,000 new coronavirus cases every day — almost double from about 22,800 in mid-May — driven largely by outbreaks in a number of states
A shopper walks with bags of purchases. Pedestrian and vehicular traffic have noticeably increased as businesses mark the next phase of reopening the economy today in New York City. John Lamparski | SOPA Images | Getty Images Consumer confidence rose more than expected in June as the U.S. loosened stay-at-home and quarantine restrictions, raising hope
Texas Governor Greg Abbott ordered bars to be closed by noon on June 26 and for restaurants to be reduced to 50% occupancy. Sergio Flores | AFP | Getty Images Governors in Washington, California, Florida and Texas are walking back some of their reopening plans as coronavirus cases rise in more than 30 states across
Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Check out the companies making headlines after the bell. Micron Technology — The technology company’s stock jumped as much as 6% in extended trading
June 26 President of the legendary House record label Screamin’ Rachael (aka Rachael Cain) has announced that she intends to join in as a plaintiff in the Federal Court suit filed by Larry Heard and Robert Owens. Since the very beginning she has been championing House music, TRAX Records and its artists. Screamin Rachael commented: “No
A woman wearing a face mask and a plastic bag pulls a cart loaded with bags of recyclables through the streets of Lower Manhattan during the outbreak of the novel coronavirus (which causes COVID-19) on April 16, 2020 in New York City. Johannes Eisele | AFP | Getty Images As the country re-opens after months
A worker on a Chesapeake Energy natural gas rig in Fort Worth, Texas Matt Nager | Bloomberg | Getty Images Chesapeake Energy, the poster child of the U.S. shale revolution, filed for bankruptcy protection on Sunday. The move comes as the company and industry more broadly has been rocked by a drop in oil and
A worker wearing a protective mask cleans a table in front of a pizza restaurant in San Francisco, California, U.S., on Monday, June 15, 2020. David Paul Morris | Bloomberg | Getty Images San Francisco Mayor London Breed said in a tweet Friday that the city will temporarily delay its planned reopening for Monday, which included
Hanna Budzko 1. Technical writer Nycretoucher | Getty Images Average annual pay: $68,640 Number of job openings as of June 10: 2,308 2. Financial analyst Andrew Brookes Average annual pay: $67,900 Number of job openings as of June 10: 5,242 3. Proposal writer WavebreakMedia | Getty Images Average annual pay: $67,047 Number of job openings
Dr. David Callender, CEO of Memorial Hermann Health System in Houston, told CNBC on Friday that its hospitals continue to have adequate capacity despite Texas’ growing coronavirus outbreak. “We actually still think we have plenty of capacity to meet the demand for Covid, as well as non-Covid patients” Callender said on “The Exchange.” “We’re always busy
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
Mary Barra, chief executive officer of General Motors Co. (GM), left, and Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles NV, center, listen during a news conference outside the White House after a meeting with U.S. President Donald Trump, not pictured, in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images General Motors is
People walk by a Nike store in New York. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the fourth quarter as sales slumped 38% year-over-year. Nike lost 51 cents per share, compared with
There’s just a handful of interventions proven to curb the spread of the coronavirus. One of them is contact tracing, and “it’s not going well,” White House health advisor Dr. Anthony Fauci said Friday. Contact tracing occurs when trained personnel contact infected people to investigate where they might have been infected and who they might have
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike lost 51 cents per share for its latest quarter, well off the consensus forecast for a 7 cents per share profit. The athletic footwear and apparel maker’s revenue also came in far below expectations, hurt by lockdown-related store closures.
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 Even Nike, often lauded as one of the strongest
Traders work on the floor of the New York Stock Exchange (NYSE) on March 17, 2020 in New York City. Spencer Platt | Getty Images Dow Jones Industrial Average rises 299 points The Dow gained 299.66 points, or 1.18%, to close at 25,745.60. The S&P 500 climbed 1.10% to 3,083.76. The Nasdaq Composite advanced by