An adjustment to reflect a gain on investments helped Salesforce beat expectations, a day after the announcement that Salesforce would join the Dow Jones Industrial Average.
President Donald Trump has championed payroll tax cuts as a way to alleviate the economic suffering brought on by Covid-19. But while his payroll tax holiday is temporary, others worry it could become permanent. Now one estimate shows how a lasting change could deplete Social Security.
Republicans will try to present a softer side of the Trump administration on the GOP convention's second night, culminating in a speech by first lady Melania Trump.
Some Indonesian students may never catch up with their learning as a result of school closures to contain the coronavirus, according to a report by Singaporean think tank ISEAS-Yusof Ishak Institute.
"If you have to shelter people, how do you keep them safe during a pandemic?" asked Catherine Troisi, an infectious disease epidemiologist at UTHealth School of Public Health in Houston. "It's enough of a challenge in regular times."
Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic.
CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC.com's Alex Sherman breaks down TikTok's impressive user growth in the wake of its lawsuit against the U.S. government. Plus, CNBC's Steve Liesman dives into historical economic data that disproves the theory that a pandemic would cause the end of big cities.
There is a fear that coronavirus cases could continue to surge in the U.S. and that caps on attendance could hinder movie theater revenue once more films are released in September.
General Motors is using salaried employees to fill positions of hourly union workers absent due to coronavirus. GM aims to keep a Missouri truck plant operating as it attempts to refill dealer inventories after the pandemic led to a shutdown for about two months in the spring.
A survey by Fidelity Investments finds most parents with children age 18 and under are staying the course with their college savings plans, including use of tax-advantaged state 529 plans. Some financial advisors agree 529 plans remain among the best choices for college savings although there are other options.