A bus driver in Detroit, March 24, 2020. Seth Herald | AFP | Getty Images Black Americans are disproportionately getting sick and dying from the coronavirus. It’s a plague that has laid bare, not just vulnerabilities in the U.S. hospital system, but gaping disparities in access to quality health care across minority communities. Black people
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Longtime hedge fund manager Paul Tudor Jones on Wednesday critiqued the long-held belief that companies should exist for the sole purpose of generating profits. Jones, whose remarks came during a JUST Capital event with CNBC’s Andrew Ross Sorkin, said it’s that philosophy that allows corporate boards to neglect issues of equity in the workplace and ultimately
Director General of the World Health Organization (WHO) Tedros Adhanom Ghebreyesus attends a news conference on the situation of the coronavirus (COVID-2019), in Geneva, Switzerland, February 28, 2020. Denis Balibouse | Reuters The World Health Organization’s top official said Wednesday the agency “could always do better” following confusing comments made Monday about asymptomatic transmission of
Charles Lieber, the chair of Harvard University’s chemistry and chemical biology department, is released from John Joseph Moakley United States Courthouse in Boston on Jan. 30, 2020. Jonathan Wiggs | The Boston Globe via Getty Images WASHINGTON — The Justice Department announced the indictment of a Harvard professor after he allegedly made false statements to federal
[The stream is slated to start at 12 p.m. ET. Please refresh the page if you do not see a player above at that time.] A funeral for George Floyd, an unarmed black man who died in the custody of Minneapolis police last month, is being held in Houston on Tuesday. Floyd died of asphyxiation
Futures contracts tied to the major U.S. stock indexes held steady during the overnight session Monday evening as investors hoped to extend the S&P 500’s gains after the index returned to positive territory for the year during the regular session. Dow Jones Industrial Average futures rose 29 points, suggesting a flat open when regular trading resumes on
Those armed with a newly minted college diploma are entering the worst U.S. job market in modern history, with unemployment spiking to levels not seen since the Great Depression. As a result of the economic fallout from the coronavirus crisis, increased competition for fewer openings has put downward pressure on salaries and benefits. Starting salaries now average $54,585, down
Elon Musk, founder and CEO of SpaceX, participates in a press conference at the Kennedy Space Center on May 27, 2020 in Cape Canaveral, Florida. NASA astronauts Bob Behnken and Doug Hurley were scheduled to be the first people since the end of the Space Shuttle program in 2011 to be launched into space from
An employee and a patient at an intensive care unit at the Republican Clinical Hospital treating patients with confirmed or suspected coronavirus infection. Yegor Aleyev | TASS | Getty Images Hospitals across the United States are desperately trying to ramp up volume after months where they saw far fewer patients than usual. In March and
Demonstrators hold their fists in the air during at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee People across the U.S. and other parts of the world are gathering in major demonstrations on Saturday against racism and police violence, marking the 12th consecutive
“Shark Tank” investor Daymond John told CNBC on Friday that “the first step” for CEOs who want to address racial inequality in the U.S. is listening to their own employees. “Internally, have those tough questions being asked. Find out how your colleague or your staff feels that are of color and have the other individuals
What’s good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in the bond market, pushing yields to the highest level since March. Mortgage rates loosely follow the yield on the 10-year Treasury. Rates have been rising this week, after sitting
An in-home health-care worker from Amwell coordinates a telehealth visit with a doctor on-screen. Amwell Less than a month after raising almost $200 million to meet skyrocketing demand for remote health care services, Amwell is gearing up to go public, according to people familiar with the matter. Telemedicine has seen an uptick in recent months,
The coronavirus epidemic in the U.S. is expanding and the U.S. still has not put the necessary infrastructure in place to prevent a major second wave in the fall, former Food and Drug Administration Commissioner Dr. Scott Gottlieb says. Covid-19 hospitalizations are on the rise in a number of states, Gottlieb told CNBC. Hospitalizations are a
Peter Endig | AFP | Getty Images Amazon is set to reopen two of its warehouses in the Midwest after it temporarily closed the facilities due to escalating civil unrest in the area. On Tuesday, Amazon temporarily shuttered two delivery stations in Chicago, Illinois, and Gary, Indiana, as protests erupted nationwide over the death of George
Hundreds of protesters made their way toward Barclays Center in Brooklyn to demonstrate against police brutality, May 29, 2020. Erik McGregor | Getty Images The U.S. is heading for a nasty second wave of Covid-19 infections this fall as the coronavirus continues to circulate while protests rage across the nation over George Floyd’s killing and
After several rounds of tense correspondence between the organizers of the Republican National Convention and North Carolina Gov. Roy Cooper, President Donald Trump announced late Tuesday that the GOP has now been “forced” to look for another state to host the event. “Had long planned to have the Republican National Convention in Charlotte, North Carolina,
A worker assembles an X model at the BMW manufacturing facility in Greer, South Carolina, November 4, 2019. Charles Mostoller | Reuters Economic activity in the second quarter has been cut by more than half, according to a tracker employed by the Atlanta Federal Reserve. The GDPNow outlook is now showing a 52.8% tumble, following