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April 8, 2020
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Germany drafts plan to end lockdown, Spain’s daily death toll declines

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CNBC – For more and to sign up click here 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 1,280,000 Global deaths:......
CNBC Business

‘We could be on the verge of a depression’

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Friday delivered a dire message about the financial future. “I’ve got to be honest with you: We could be on the verge of a depression. Not a recession, a depression if things don’t go right,” the......
CNBC Business

Cramer, a restaurant owner, says government closed us; it should help

CNBC
CNBC – For more and to sign up click here Leaning on his experience as a restaurant owner, CNBC’s Jim Cramer said Friday the U.S. government has an obligation to aid small businesses that are shut down during the coronavirus pandemic. “I had a business that was closed. It was doing great,......
CNBC Business

Bank of America’s small business loan portal is up

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CNBC – For more and to sign up click here Bank of America said Friday it is now capable of accepting online applications for the government’s $350 billion small business relief program, becoming the first major bank to do so.  As of mid-morning New York time, none of the websites of......
CNBC Business

JPMorgan says it’s not ready for small business loan applications

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CNBC – For more and to sign up click here A few hours before the expected launch of a federal program to dole out at least $350 billion in loans to small businesses struggling amid the coronavirus pandemic, none of the participating banks interviewed by CNBC were sure they’d be......
CNBC - Real Estate

These banks are offering coronavirus financial aid

CNBC Real Estate
In the face of the coronavirus pandemic, the financial stability of millions of Americans is in jeopardy. In a statement, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency encouraged banks to work with their customers affected by COVID-19. A growing number......
CNBC Business

Bank of America says customers impacted by coronavirus may be able to defer mortgage payments

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CNBC – For more and to sign up click here US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White......
CNBC Business

Banks nearly took down the economy in 2008. Now the industry

CNBC
CNBC – For more and to sign up click here Brendan McDermid | Reuters Investors glued to their screens as stocks tumble day after day. Central banks around the world injecting trillions of dollars into the financial system. Talk of bailing out out entire industries. For people who have been......
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Bank of America CEO Moynihan says ‘we’re in a war to contain this virus’

CNBC
CNBC – For more and to sign up click here Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America CEO Brian Moynihan said Sunday the coronavirus has united the world in its battle against the fast spreading pandemic. “We’re in a......
CNBC Business

Trump suspends all travel from Europe for 30 days

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CNBC – For more and to sign up click here President Donald J. Trump speaks in the Oval Office at the White House. Jabin Botsford | The Washington Post | Getty Images WASHINGTON – President Donald Trump announced that a ban on travelers to the United States from Europe would be......
CNBC Business

Bank CEOs convene in Washington with President Trump on coronavirus

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CNBC – For more and to sign up click here U.S. President Donald Trump (L) is introduced by White House economic adviser Larry Kudlow during an Opportunity Zone conference with state, local, tribal and community leaders, in the Eisenhower Executive Office Building. Mark Wilson | Getty Images The leaders of......
CNBC Business

Dow down 2,000, banks punished, oil tanks

CNBC
CNBC – For more and to sign up click here This is a live blog. Check back for updates. 2:03 pm: Dow hits session low, down more than 2,000 points Stocks accelerated loses in afternoon trading with the Dow Jones Industrial Average cratering more than 2,060 points. The S&P 500......
CNBC Business

Bank stocks tank as bellwether JPMorgan drops most since 2009 crisis

CNBC
CNBC – For more and to sign up click here The JP Morgan Chase flag outside company headquarters in New York. Peter Foley | Bloomberg | Getty Images Bank shares plunged Monday as collapsing oil prices and bond yields sparked worry that the widening impact of the coronavirus could cause......
CNBC Business

Dow down 500, surprise Fed rate cut, 10-year nears 1%

CNBC
CNBC – For more and to sign up click here It’s been a volatile session for stocks, with the Dow moving between triple digit gains and losses. The Federal Reserve announced an emergency rate cut of 50 basis points – its first unscheduled cut since the financial crisis – and......

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