Restaurant workers out of work again as virus surges anew
Waiters and bartenders are being thrown out of work — again — as governors and local officials shut down indoor dining and drinking establishments to combat the nationwide surge in coronavirus infections that is overwhelming hospitals and dashing hopes for a quick economic recovery.
Business owners expecting paycheck protection loan forgiveness can’t deduct expenses
Jim Cramer: We have too many bulls
Wall Street is saddled with too many sellers and not enough buyers, CNBC’s Jim Cramer said after the stock market closed Thursday. “We don’t have too many bears, we have too many bulls,” the “Mad Money” host said. “When most investors are bullish, it means, well, there’s no one left to buy.”
Bill Gates: More than 50% of business travel will disappear in post-coronavirus world
The coronavirus will fundamentally alter the way people travel for and conduct business, even after the pandemic is over, Microsoft co-founder Bill Gates said Tuesday. “My prediction would be that over 50% of business travel and over 30% of days in the office will go away,” Gates told Andrew Ross Sorkin during the New York Times’ Dealbook conference.
The US economy is about to shrink, JPMorgan warns
The pandemic is intensifying, statewide curfews are back and Washington is asleep at the wheel. This toxic backdrop is derailing the US economic recovery just as Joe Biden prepares to take charge — and JPMorgan is warning the economy is in fact about to shrink.
Missing your stimulus check? There's one last chance to claim an Economic Impact Payment from the IRS
There is still time to receive a $1,200 Economic Impact Payment from the Internal Revenue Service (IRS), but the clock is ticking. Americans who have yet to receive a stimulus check and don't normally file a federal income tax return are required to submit their personal information by 3 p.m. ET on Saturday.
Mnuchin-Powell Split Shows Rare Discord as Economy Struggles
The top two U.S. economic policymakers clashed over whether to preserve emergency lending programs designed to shore up the economy -- a rare moment of discord as the nation confronts the risk of a renewed downturn spurred by the resurgent coronavirus.
Jim Cramer: Congress, President Donald Trump have doomed small and medium businesses
CNBC's Jim Cramer comments on the lack of stimulus coming out of Washington and how it's devastated small and medium businesses, which he says are the empty storefronts around the country. The big box stores like Home Depot and Walmart have won, Cramer says.
Cramer: Travelers won't be worried about flying Boeing 737 Max
"I think that there is a tragedy timeline," CNBC's Jim Cramer said Wednesday. "The individual who flies is thinking I want to take Southwest. I want to take American. They're not going to ask as they would have a year ago is this the Max?"