Billionaire investor David Tepper said he is "nibbling" at some stocks, particularly in the tech sector, as the broader market tumbles amid the coronavirus outbreak.
Social distancing regulations to combat coronavirus are forcing millions of Americans to work remotely. However the trend of regular work at home has grown 173% since 2005, according to Global Workplace Analytics. Global Workplace Analytics found that companies save an average of $11,000 per year per employee who works remotely part-time. Research indicates the best work-from-home system requires 2-3 days in the office, so how productive can employees be during this outbreak?
The president of the National Association of Theater Owners says that studios won't be placing theatrical releases on home video while theaters are closed due to the coronavirus outbreak.
Mortgage bankers estimate that if a quarter of borrowers are granted loan forbearance for six months or longer, demands on servicers could exceed $75 billion and could climb well above $100 billion. That would easily bankrupt the mortgage finance system.
Those in Lake Elsinore City in Riverside County and in Sacramento County can now be screened for the new coronavirus. The effort launched March 15 in San Mateo and Santa Clara counties.
Earlier this month, Weinstein was sentenced to 23 years in prison for rape and sexual assault. Last week, he was transferred to a maximum security prison in upstate New York.
Major groups representing U.S. mayors, police and fire chiefs and first responders are urging President Donald Trump to use the Defense Production Act to get them "essential personal protective equipment" quickly to help them respond to the coronavirus pandemic.
CVS Health said it plans to immediately fill 50,000 jobs across the U.S. to keep up with a demand for over-the-counter medicines, prescriptions and other items during the coronavirus outbreak.
Pacific Gas & Electric said Monday it will plead guilty to 84 counts of involuntary manslaughter in connection with the 2018 fire in Northern California that killed 84 people and decimated three towns.
The federal government is racing to ease the pain facing the U.S. economy as the coronavirus pandemic makes its swift pivot from public health crisis to financial catastrophe.
World Health Organization officials are holding a press conference to update the public on the coronavirus outbreak, which has now infected more than 350,000 people worldwide.