Partners

Why the markets and economy are diverging during the pandemic

As economic data deteriorates, the stock market is substantially off its March lows, and the Nasdaq is now flat year-to-date. Peter R. Orszag, CEO, Financial Advisory, Lazard, joins "Squawk Box" to discuss the disconnect, the reopening of America and what might never return to normal.

Looking at coronavirus' impact on unemployment

On Friday morning, the unemployment report for April will be released, and it is expected to be its highest on record since the Great Depression. Carter Evans is in Los Angeles, where some business owners are concerned reopening is too little, too late.

Pandemic slams health care jobs

The steep plunge in U.S. payrolls caused by the pandemic also slammed the healthcare sector, as many workers in dentists' and doctors' offices lost their jobs. Fred Katayama reports.

Tax Day could be pushed back to fall

This year’s traditional tax deadline of April 15 has already been pushed back months by the coronavirus outbreak, and it could be delayed even further. Veuer’s Justin Kircher has the story.

How 25 major US colleges plan to reopen for the fall semester

The spread of the coronavirus led many major US colleges to switch to remote coursework. Now, universities are discussing how they'll reopen.

Coronavirus-related lawsuits are about to flood courts

At least 895 federal and state lawsuits have been filed in relation to the pandemic, according to one count.

Virus shows how easy it is to go from middle class to poverty

As the unemployment rate skyrockets and over 20 million are out of work, some are slipping through the giant holes in the U.S. safety net.

Want your relief check by direct deposit? Better hurry

If you want to get your $1,200 stimulus check more quickly, you need to make sure the government has your bank account information on file. But time is running out. You now have until noon on May 13 to enter that data.

Virus pushes America's hospitals to the brink of financial ruin

The century-old Henry County Health Center in southeast Iowa was already losing money before the pandemic hit. With a shrinking number of births and trouble recruiting staff, it had planned to close its obstetrics department.

The alarming rise of algorithms as heroes of stocks' recovery

Ari Rubenstein knows it’s an opinion people don’t want to hear. That two decades of computer takeovers on exchanges, advancements that put thousands of people out of work and left high-frequency traders like him in control, are what kept markets humming during the coronavirus.

Smaller stocks are making a bigger noise

Smaller stocks may finally be wresting some of investors’ attention away from the huge companies that have so dominated the market for years. 

Dropbox rises after company posts first quarterly profit

It's the first time Dropbox's bottom line is in the black since the company went public two years ago.

Uber shares shoot up after CEO says ride volume is increasing

This week, Uber laid off about 14% of its corporate employees, about 3,700 people, to cut costs.

There’s no good reason to own Ford right now

As much as it pains to say, there is simply no reason to be long F stock right now.

Tesla shares up 7% since Elon Musk said the price was too high

Shares of Tesla closed down 10.3% last Friday on CEO Elon Musk's tweet, but have quickly recovered those losses and added much more.

A record 88,300 truck drivers lost their jobs in April

The April jobs report revealed that the US lost a record 20.5 million jobs. Truck drivers saw record losses, too.

Trump's 2020 jobs bet unravels on worst slump since Depression

An unemployment rate for April of 14.7%, the highest since the 1930s, is difficult for any politician to keep at arm’s length.

4 reasons not to freak out about 20.5 million lost jobs

Even with the economy freezing up and layoffs surging, there are hopeful signs for recovery after this sudden collapse in American commerce caused by COVID-19.

Money market funds fret unthinkable negative returns

Money market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero-interest-rate environment. The problem this time? They’re sitting on twice as much cash.

Stocks close higher on hopes worst of virus has passed

Stocks ended higher Friday even after the ugliest monthly jobs report ever as traders bet the worst of the coronavirus and its impact on the economy has passed.