Facebook COO Sheryl Sandberg on Wednesday said the company is giving $20 million to small businesses owned by women, minorities and veterans in the U.S. “We know when crises hit the most vulnerable get hit the hardest,” Sandberg told CNBC’s Jim Cramer on “Mad Money.” The $20 million is coming from Facebook’s $100 million small
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A pedestrian walks past a Target store in Chicago, Illinois. Scott Olson | Getty Images Target will report its first-quarter earnings Wednesday before the bell. The big-box retailer’s stores have remained open across the country during the coronavirus pandemic, but the crisis has cut into its profits as Target’s labor expenses jumped and sales of
Senator Elizabeth Warren speaks at a campaign rally at the Seattle Center Armory in Seattle, Washington, February 22, 2020. Jason Redmond | Reuters Sen. Elizabeth Warren on Tuesday urged the Senate to pass $4 billion in the next coronavirus relief package to allow states to expand their vote-by-mail services for the general election. “2020 is
U.S. government debt prices were higher Tuesday morning, coming off a surge during the previous session following news of promising early testing of an experimental coronavirus vaccine. At around 2:10 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 0.7094% and the yield on the 30-year Treasury bond slipped to 1.4273%. Yields
Moderna in Cambridge, MA is pictured on Feb. 28, 2020. David L. Ryan | The Boston Globe via Getty Images Biotech company Moderna, which is testing one of the leading coronavirus vaccine candidates, plans to issue at least $1.25 billion in fresh stock after releasing the results of its phase 1 trial, the company said Monday. The announcement comes
Workers who can do their jobs from home are being forced to do so by the coronavirus, and many of these workers feel fortunate, even if they feel that they are working harder. Miguel Pereira | Getty Images Since Covid-19 shelter-in-place orders came into effect in the U.S. in mid-March, the workforce has undergone a
White House Trade and Manufacturing Policy Director Peter Navarro speaks during a briefing on the coronavirus pandemic in the press briefing room of the White House on March 27, 2020 in Washington, DC. Drew Angerer | Getty Images The U.S. Centers for Disease Control and Prevention “let the country down” early in the nation’s response
It’s not typical for a bankruptcy court hearing to fall on a Saturday, and it’s nearly unprecedented for it to happen by phone. But as the coronavirus has battered the U.S. economy, J.C. Penney must navigate almost entirely uncharted territory as it looks to shed debt and emerge from bankruptcy a stronger company. The iconic
In this May 5, 2020, file photo released by Xinhua News Agency, China’s new large carrier rocket Long March 5B blasts off from the Wenchang Space Launch Center in southern China’s Hainan Province. Tu Haichao | Xinhua | AP Since humans first went up in space in 1961, we’ve done a poor job of keeping
U.S. Representative Nancy Pelosi (D-CA) speaks at her weekly press conference. Michael Brochstein | Barcroft Media | Getty Images House Democrats on Friday passed a $3 trillion coronavirus relief package, unprecedented spending Senate Republicans have pledged to block as the major parties struggle to find a path forward on the pandemic response. The chamber also
A food delivery courier for Grubhub Inc. wears a protective mask in New York, U.S., on Monday, April 6, 2020. Jeenah Moon | Bloomberg | Getty Images With the survival of many independent restaurants hanging in the balance, lawmakers are stepping in to limit how much third-party delivery companies like DoorDash and Grubhub can charge
J.C. Penney is planning to file for bankruptcy in the next day, people familiar with the matter tell CNBC. Its advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning, they said. They cautioned there is still a chance that final negotiations between the retailer and its lenders
Cruise Origin driverless shuttle Cruise Cruise, General Motors‘ majority owned self-driving vehicle unit, said Thursday in an email to staff that it will be cutting about 8% of its workforce amid the coronavirus pandemic. The cuts are expected to primarily come from outside the company’s engineering operations, including recruiting and human resources, according to a
People in cars participate in a protest against the coronavirus shutdown in front of State Capitol in Madison, Wisconsin, on April 24, 2020. KAMIL KRZACZYNSKI | AFP via Getty Images The Wisconsin Supreme Court on Wednesday struck down the state’s stay-at-home orders during the coronavirus pandemic as “unlawful, invalid and unenforceable” after finding the state’s health commissioner
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] The World Health Organization is holding a briefing Wednesday on the coronavirus pandemic, which has infected more than 4.2 million people worldwide and killed at least 292,316, according to data
An audio feed of Supreme Court oral arguments in Trump v. Mazars and Trump v. Deutsche Bank AG, dealing with the subpoenas from the US Congress to obtain US President Donald Trumps financial records, is heard via a teleconference due to COVID-19, known as coronavirus, as seen on a laptop in Washington, DC, May 12,
Roger Lynch Adam Galica | CNBC Magazine publisher Conde Nast is laying off nearly 100 U.S. employees and furloughing 100 more as the coronavirus pandemic continues to hit the media industry, according to a company memo obtained by CNBC. The company will also reduce work hours for a handful of employees, according to the memo. Chief
A visualization by LeoLabs of the possible collision of two defunct spacecraft in January 2020. LeoLabs Space start-up LeoLabs unveiled a service on Wednesday that will send alerts in real-time to help satellite and spacecraft operators to avoid crashing into debris or each other in space. “This is the first fully-automated collision avoidance service,” LeoLabs CEO Dan