Goldman Sachs Group plans to buy a boutique wealth management custodian and technology company called Folio Financial for an undisclosed amount of money, according to a letter that Folio sent to its customers on Thursday and was viewed by Reuters.
More than 36 million Americans have applied for unemployment benefits since the coronavirus wrecked havoc on the economy. Never before have state unemployment insurance systems been tested like this. Many are struggling to keep up with demand and payouts have been uneven.
The heads of major companies are touting the viability of their employees working from home, but others say the office market will survive the coronavirus.
A spokeswoman for Sen. Richard Burr declined to comment on a report that the FBI seized his cellphone as part of a probe into stock sales he made just days before the markets tanked.
The head of the trade association for airlines hopes that air travel will resume in Europe by the summer, and strongly opposes mandatory quarantine periods.
The United Nations has warned that the coronavirus pandemic "has the seeds of a major mental health crisis" and that substantial investment is needed in support services.
"By the time we get to August, it may very well be the case that we're able to open more than we think we will be now," California State University Chancellor Timothy White told CNBC.
Victor Oladipo said he's preparing for the National Basketball Association to continue its season and a possible cancellation but added players would lose money if the league remains inactive.
Warren Buffett's call that "nothing can basically stop America" may be driving interest in U.S.-based exchange-traded funds, says State Street's Matthew Bartolini.