The $2 trillion coronavirus relief package gives financial incentives, such as forgivable loans and tax credits, to businesses that retain their workers.
While many across the U.S. are announcing layoffs and hiring freezes due to coronavirus, Bank of America claims they hired more than 2,000 new employees in March alone and raised their U.S. minimum hourly wage to $20. Vice chairman Anne Finucane reveals how the company protects the well-being of its 200,000+ employees while also maintaining business continuity and protecting the bottom line.
The biggest U.S. mall owner, Simon Property Group, has furloughed about 30% of its workforce as the company copes with all of its properties being temporarily shut because of the coronavirus pandemic.
Traffic patterns suggest that the United States is on the right track in terms of curbing the coronavirus spread, says Nick Colas, co-founder of DataTrek Research.
Dr. Ed Boyle is trying to keep a brave face for his staff in Bend, Oregon, but revenue has taken a huge hit now that his medical practice can no longer perform elective procedures during the coronavirus shutdown. His wife, Dr. Ida Azul, is in the same boat.
Alhough not overseen by Amazon directly, prep centers work with Amazon's third-party sellers to get packages ready to be shipped to Amazon's warehouses. CNBC traveled to Roundup, Montana, to explore why a number of these prep centers have popped up in the area.
New York Gov. Andrew Cuomo is holding his daily press conference on the COVID-19 outbreak, which has infected more than 67,300 people in the state as of Wednesday.
Companies are providing private online fitness classes, entertainment packages for children, and psychotherapy sessions. One business is even delivering wine to employees for a virtual tasting session over video call.
JPMorgan also said it was improving the ways it takes in employee complaints, bolstering hiring programs, and simplifying how customers find products and services.
Seattle Seahawks star QB Russell Wilson, his wife Ciara and private jet company Wheels Up start a meal donation effort with Feeding America as coronavirus layoffs lead to a spike in hunger.