Tag Archives: Business

Outbreak boosts jobless claims to record, US cases post steep rise

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 480,446 Global deaths: At least 21,571 US cases: At least 69,197 US deaths: …

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US coronavirus stimulus: are you eligible and how much will you get? | World news

The US has agreed on a $2tn stimulus package, the largest economic stimulus in US history, in response to the economic impacts of Covid-19. While corporations will be the biggest recipients of the bailout, some of that money will be paid directly to Americans hit by the pandemic. Most taxpayers …

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Egg prices are skyrocketing because of coronavirus panic shopping

Egg sales increased 44% for the week ending on March 14 compared with a year ago, according to the most recent Nielsen data. Walmart (WMT) and other big grocers have implemented limits in recent days on purchases of eggs, cleaning supplies and other products that are in high demand from …

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Waffle House closes 365 locations amid coronavirus pandemic

In a Monday morning tweet, the Georgia-based dine-in business said it’s closing 365 locations across the US. An additional 1,627 locations will remain open, the company said. A Waffle House spokesperson said Tuesday morning that the company will release a more detailed statement on the matter soon, declining to comment …

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How Will the Coronavirus End?

Editor’s Note: The Atlantic is making vital coverage of the coronavirus available to all readers. Find the collection here. Three months ago, no one knew that SARS-CoV-2 existed. Now the virus has spread to almost every country, infecting at least 446,000 people whom we know about, and many more whom …

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Facebook, Microsoft partner with WHO, Prince Charles tests positive

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 428,400 Global deaths: At least 19,120 US cases: At least 55,225 US deaths: …

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Gilead’s potential coronavirus treatment gets FDA’s orphan drug label

A Gilead Sciences office is shown in Foster City, California, U.S. May 1, 2018. Stephen Lam | Reuters Gilead Sciences’ experimental drug remdesivir, seen as one of the more promising potential treatments for the coronavirus, on Monday received the orphan drug designation from the U.S. Food and Drug Administration. The …

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Amazon workers at 6 US warehouses test positive for coronavirus

SEATTLE – The U.S. coronavirus outbreak has spread to at least six Amazon warehouses, infecting workers racing to deliver massive volumes of packages for consumers leery of leaving their homes to shop. In the past few days, Amazon workers tested positive for COVID-19, the disease caused by the novel virus, …

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Coronavirus jobs fallout: at least 35,000 workers stood down in three days as businesses reel | Business

At least 35,000 people have been put out of work in just three days by casinos, airlines, retailers and other businesses that have stood down their workers in response to the coronavirus crisis. On Wednesday Virgin Australia stood down 8,000 staff after slashing its already reduced schedules to the bone, …

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Facebook, Microsoft and other tech companies partner with WHO for coronavirus hackathon

Facebook CEO Mark Zuckerberg delivers the opening keynote introducing new Facebook, Messenger, WhatsApp, and Instagram privacy features at the Facebook F8 Conference at McEnery Convention Center in San Jose, California on April 30, 2019. Amy Osborne | AFP | Getty Images The World Health Organization has partnered with Facebook, Microsoft …

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