science and technology

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.




science and technology

Roku reports strong user growth, but sour ad business outlook

Streaming services have reported huge spikes in subscribers during the crisis as stay-at-home orders have forced more people to stay inside.




science and technology

When will hospitals and doctors' offices be open for normal business again? Here's what health experts think

Hospitals are looking for ways to re-open their doors to patients in a way that limits their risk of exposure.




science and technology

Facebook will allow most employees to work from home through end of 2020

Facebook CEO Mark Zuckerberg will announce Thursday that most of the company's employees will be given the choice to continue to work from home through the end of 2020, a company spokeswoman told CNBC.




science and technology

Uber shares shoot up after CEO says ride volume is increasing again after April bottom

Uber reported first-quarter earnings on Thursday, and while the company lost $2.9 billion during the quarter, the stock rose after hours on optimistic comments from CEO Dara Khosrowshahi.




science and technology

Elon Musk: 'Too many smart people go into finance and law'

The CEO also addressed his plans to sell the majority of his physical possessions in an interview with Joe Rogan that aired Thursday.




science and technology

Facebook, YouTube and other platforms are struggling to remove new pandemic conspiracy video

Platforms including Facebook, Alphabet's YouTube, IAC's Vimeo and Twitter are struggling to stay ahead of the spread of the "Plandemic" conspiracy video, which contains claims that defy the advice of medical experts.




science and technology

Uber CEO says drivers should get health-care benefits based on how much they work, and Uber would pay for it

The suggestion comes as Uber faces mounting pressure to provide health-care and other protections for its workers during the pandemic.




science and technology

Apple is reportedly starting to build some of its AirPods in Vietnam

About 30% of the company's classic AirPods will be produced in Vietnam rather than China, the Nikkei Asian Review reported.




science and technology

These small tech companies are soaring after crushing Q1 earnings

Investors are rewarding the likes of Chegg and Everbridge for impressive growth while other companies struggle.




science and technology

Tesla secures $565 million loan for Shanghai factory

Electric carmaker Tesla has entered into an agreement for a working capital loan of up to 4 billion yuan ($565.51 million) with a lender from China for its Shanghai car plant, according to a regulatory filing on Friday.




science and technology

Oil and gas companies set to lose $1 trillion in revenues this year

The energy sector is shrinking so dramatically that it's become the second-smallest group in the whole S&P index.




science and technology

The US wind industry installed over 1,800 megawatts in first quarter, but the coronavirus remains a risk

The renewable energy sector is being affected by the coronavirus in a number of ways.




science and technology

Stocks making the biggest moves midday: Tesla, Facebook, Dunkin' Brands, Boeing, Moderna & more

Check out the companies making headlines in midday trading.




science and technology

ConocoPhillips CEO says 'we're on the lookout' for acquisitions as oil prices stay under $20

ConocoPhillip's Ryan Lance said on "Power Lunch" that his company is looking at potential acquisitions as the energy sector struggles with low oil prices.




science and technology

Feeding strawberries to cows: Farmers forced to throw fruit and flowers as coronavirus disrupts supplies

Farmers around the world are letting their crops rot in the fields as the coronavirus outbreak disrupts supply and demand for flowers, fruit and milk.




science and technology

Oil jumps 5%, snaps 3-week losing streak

Oil prices jumped on Friday, extending the previous session's gains, buoyed by a lower-than-expected gain in U.S. crude inventories and the start of output cuts in a bid to offset a slump in fuel demand triggered by the coronavirus pandemic.




science and technology

In Milan, tall buildings covered in trees offer a glimpse of what urban living could look like in the future

Milan is home to the Bosco Verticale, or Vertical Forest, a striking development of residential buildings.




science and technology

In Sweden, hydrogen has been used to heat steel in a bid to boost sustainability

Hydrogen was used instead of liquefied petroleum gas.




science and technology

Oil pares losses and jumps 3% as lockdowns ease

Oil prices pared losses to turn higher on Monday, despite worries that a global oil glut may persist even as coronavirus pandemic lockdowns start to ease and amid a fresh spat between the United States and China over the origin of the virus.




science and technology

A massive renewable energy scheme in Australia has been recommended for environmental approval

Several big firms, including Danish wind turbine manufacturer Vestas, are involved in the project.




science and technology

Saudi Arabia hit with Moody's downgrade, prepares for 'painful' measures — but can likely weather the storm

"We must reduce budget expenditures sharply," the Saudi finance minister said over the weekend. "Saudi finances need more discipline and the road ahead is long."




science and technology

Oil prices rise on demand prospects as lockdowns start to ease

Oil prices climbed in early trade on Tuesday, adding to gains in the previous session, on expectations that fuel demand will begin to pick up as some U.S. states and nations in Europe and Asia start to ease coronavirus lockdown measures.




science and technology

Bioplastics developer raises $133 million in new funding in quest to replace single-use plastics

RWDC Industries, which makes a sustainable material solution that can be used as a substitute for plastic, raised $133 million in Series B funding.




science and technology

Oil surges 20%, posts fifth straight day of gains for first time since July

Oil prices jumped on Tuesday in their fifth straight day of gains as traders eyed demand recovery as economies reopen.




science and technology

Oil reverses gains and turns negative as supply glut weighs

Oil moved between gains and losses on Wednesday amid hopes for a recovery in demand as some countries ease coronavirus lockdowns, while oversupply fears continued to weigh.




science and technology

Oil drops 2%, snapping five-day winning streak in volatile trading session

Oil prices moved lower on Wednesday, snapping the longest daily winning streak since July.




science and technology

Coronavirus continues to impact the wind energy sector as Germany's Nordex withdraws guidance

Company says Covid-19 pandemic will affect results from second quarter of 2020.




science and technology

Social-distancing measures look set to transform London's roads and sidewalks

More specific measures relating to the program will be published in next few weeks.




science and technology

Oil jumps on China export bounce but long-term outlook remains weak

Oil prices jumped on Thursday on news that China's exports unexpectedly rose last month, and on the back of U.S. output cuts and the slow return of some activity in Europe.




science and technology

Markets are getting too excited about the oil price rally too soon, analysts warn

Lack of storage space for crude globally remains a massive problem, and will keep a ceiling on oil prices for the near future.




science and technology

Oil drops nearly 2%, erasing earlier gain of more than 11%

Oil prices reversed gains to settle lower on Thursday, despite optimism surrounding producers scaling back production as well as demand improving.




science and technology

World's largest ethanol producer forced to find a new market — hand sanitizer

POET, based in Sioux Falls, South Dakota, has re-engineered systems to make pharmaceutical grade hand sanitizer.




science and technology

Oil jumps 5%, posts second straight week of gains

Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick up.




science and technology

All California voters will be able to vote by mail in November, Newsom says

California Gov. Gavin Newsom signed an executive order Friday allowing all registered voters in the state to receive a mail-in ballot for November's election.




science and technology

Pfizer to outsource some drug production, focus on coronavirus vaccine

Pfizer said on Friday it is in talks to shift more of its medicine production to outside contractors as it prepares for large-scale production of an experimental vaccine to prevent Covid-19, should it prove safe and effective.




science and technology

Plans to reopen US economy must 'talk about worker safety,' says AFL-CIO president

"If they don't feel safe, they're not going to go back to work,"AFL-CIO president Richard Trumka told CNBC.




science and technology

When will restaurants and bars reopen? Here's what experts are saying

The outlook for U.S. restaurants in the near term is bleak, dominated by massive unemployment and closures, but Asia may provide a path forward.




science and technology

State Department quietly begins reopening amid coronavirus pandemic

The plan, entitled "Diplomacy Strong," includes policies on travel, telework, face coverings, as well as social distancing requirements for common spaces such as cafeterias.




science and technology

House Democrats hope to vote on coronavirus bill next week as Republicans press pause

Democrats are pushing to pass their next coronavirus relief bill, but Republicans have less urgency as they grow wary of taxpayer spending.




science and technology

Dividend payers are still 'winners in this market,' ETF analyst says. Here's why

As more and more S&P 500 companies cut or suspend their dividend payments, one issuer speaks to how his dividend-based exchange-traded fund is managing the shift.




science and technology

How the coronavirus could kill the $2 billion US bail bond business

Crimes and arrests are down nationwide during the pandemic as people obey stay-at-home orders and police departments reduce operations. This has led many bail bond companies to lay off entire staff.




science and technology

How the Fed's fighting to keep Covid-19 from causing an extended financial crisis

The U.S. Federal Reserve is trying to keep the coronavirus crisis from becoming an extended financial crisis. And the Fed's measures go beyond anything the central bank did during the Great Recession of 2009.




science and technology

Paycheck Protection Program may have left minority business owners behind due to an implementation failure

The inspector general also found the SBA and Treasury Department issued requirements for loan forgiveness that do not align with law.




science and technology

Unemployment rate reaches 14.7% – here's what to watch

The April jobs report laid bare the economic impact of the coronavirus pandemic. Five market experts weigh in on what this means for the U.S. economy moving forward.




science and technology

Coronavirus fallout: Here are the 16 department stores Nordstrom is closing permanently

Nordstrom announced earlier this week it will be permanently closing 16 of its department stores, after assessing each state that it operates in and the hit it is taking because of the coronavirus pandemic.




science and technology

Bill Ackman looks to find another winner in restaurants, where his track record is perfect

Pershing Square made six previous investments in this industry and has never lost money on any of them.




science and technology

Virus hits Trump's inner circle, unemployment rivals Great Depression: This week's recap and our best reads

The U.S. shed a record number of jobs in April, Trump's personal valet tests positive for virus: This weeks news recap and our best reads.




science and technology

Wildlife habitat destruction and deforestation will cause more deadly pandemics like coronavirus, scientists warn

Habitat destruction like deforestation and agricultural development on wildland are increasingly forcing disease-carrying wild animals closer to humans, allowing new strains of infectious diseases to thrive.




science and technology

FDA gives emergency authorization for new antigen test to help detect coronavirus quicker and cheaper

There is a higher chance of false negatives with an antigen test and a negative result may need to be confirmed with an additional PCR test prior to further treatments.