While most Americans will receive a coronavirus stimulus check based on their tax returns, the IRS is urging certain groups that do not typically file taxes to do so as soon as they can in order to receive a payment. The 10 million Americans who
The Dow Jones Industrial Average rallied on Thursday, wrapping up its best week in more than 80 years, after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic. The Dow jumped 503 points, or 2.1%. The S&P 500 gained 2.2% while the Nasdaq
KEY POINTS Personal finance start-up SoFi has agreed to buy Utah-based payment processor Galileo for $1.2 billion. Deal talks began before “things got challenging,” but they were able to continue despite the coronavirus slowdown, SoFi CEO Anthony Noto says. Galileo has been around for a
KEY POINTS The Paycheck Protection Program will lend up to $349 billion in forgivable loans to small businesses hurt by the coronavirus fallout. The Small Business Administration program may not forgive as much of the loans as business owners think. At least 75% of the
KEY POINTS Exxon is cutting its capital spending by 30% as the coronavirus pandemic continues to hammer oil prices. The company is “committed to maintaining” its dividend, CEO Darren Woods said Tuesday on CNBC’s “Squawk Box.” Shares of Exxon gained 1.9% on Tuesday, but are
KEY POINTS The coronavirus pandemic continues to pose unprecedented challenges to the renewable energy sector. Firms are attempting to juggle production targets with increasingly tough lockdown measures. Danish wind turbine manufacturer Vestas has suspended guidance for 2020, as the coronavirus pandemic continues to pose unprecedented
Pinterest — Shares of the social media company soared 14% in extended trading after Pinterest released preliminary results ahead of its first-quarter earnings call in May. The company expects revenue ranging from $269 million to $272 million in the first quarter. It anticipates 365 million to 367 million
Dow Jones Industrial Average fell 26 points The Dow lost 26.13 points, or 0.12%, to 22,653.86. The S&P 500 fell 0.16% to 2,659.41. The Nasdaq Composite dropped 0.33% to 7,887.26. Stocks gave up a massive rally from earlier in the day as Wall Street assessed the latest news on the coronavirus