Stock trading was briefly halted Thursday for California-based Gilead Sciences, after a draft report said the company's experimental coronavirus treatment disappointed in a recent drug trial. Shares continued to slump, even after the biotech company moved quickly to dispute the findings of the World Health Organization study into the effectiveness...
WASHINGTON — The coronavirus pandemic and its social repercussions are fueling violence by both frustrated individuals and domestic terrorists, according to a new intelligence report by the Department of Homeland Security obtained by NBC News. The unclassified report by a Florida field office cites two incidents involving suspected domestic extremists, and...
The IRS' online tool, Get My Payment, has been live for under a week, but is already running into trouble. Designed to help you set up direct deposit (here's how) and track your coronavirus stimulus checks (step-by-step directions), it's meant to be an elegant solution to help millions of eligible people in the US...
Earlier this year, Lin He made a $400,000 profit from a single home flip. The 3,600-square-foot house in Malibu was in foreclosure and was listed for $1.39 million. He purchased it for $985,000 in 2017 without ever stepping foot inside. "Boy, it was bad. It was a lot worse than I thought,"...
A $17,000 model. A fitting appointment. A cover spread on Vogue. The Apple Watch was more than a fitness-tracking device when it debuted five years ago. It was a fashion item and status symbol. It was luxury on your wrist. Fast forward to 2020, the fifth anniversary of Apple's smartwatch. Millions of people around the globe wear...
The Treasury Department has confirmed that economic impact paper checks from the $2.2 trillion coronavirus stimulus relief package have already started going out and are in the mail. Department officials are walking back Treasury Secretary Steven Mnuchin’s comments at a White House gaggle with reporters where he said they would start going...
Confidence We’re now talking about the process for re-opening businesses across the U.S. economy. But it would be a mistake to assume that the sooner the economy is open, the sooner we’ll get back the strong economy the coronavirus left behind. Because while monetary and fiscal stimulus have preserved some consumers’ and businesses’ ability to spend, none...
Mohamed El-Erian said Monday the U.S. economy could experience a double-digit percentage contraction in 2020 due to the coronavirus pandemic. “I think we may be at minus 10% to minus 14% growth for the U.S.,” he said on CNBC’s “Squawk Box.” “I’m a little bit more worried than what...