ee Coronavirus will shrink US home prices by 2-3% nationally, Zillow forecasts, but deeper dive could be in store By www.cnbc.com Published On :: Tue, 05 May 2020 18:00:31 GMT Home prices have only fallen nationally once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession. Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted to fall nationally again, down 2-3% this year, according to Zillow. Full Article
ee Here's what homeowners need to know about forbearances By www.cnbc.com Published On :: Tue, 05 May 2020 17:58:33 GMT CNBC's Diana Olick breaks down what homeowners need to know about mortgage forbearances. Full Article
ee Weekly mortgage applications show real recovery in homebuying, as interest rates set another record low By www.cnbc.com Published On :: Thu, 07 May 2020 00:12:50 GMT Homebuyers appear to be heading slowly back into the market, as the coronavirus-stricken economy begins to reopen. Full Article
ee NFL teams seeing high early ticket demand despite Covid-19, agency SeatGeek says By www.cnbc.com Published On :: Fri, 08 May 2020 17:42:17 GMT The Las Vegas Raiders, Los Angeles Rams and Tampa Bay Buccaneers are among the most in-demand teams, while demand for Patriots tickets is way down, according to ticket volume data provided by SeatGeek. Full Article
ee Rural retail chain owner Stage Stores prepares for bankruptcy that could come as soon as next week By www.cnbc.com Published On :: Fri, 08 May 2020 20:45:19 GMT Stage Stores has about 700 department stores predominately in small towns and rural communities. It employed roughly 13,600 full-time and part-time employees as of February. Full Article
ee Department stores had an insane week. Here's everything that happened By www.cnbc.com Published On :: Fri, 08 May 2020 21:08:06 GMT It was another onslaught of bad news from America's department store chains, including bankruptcy filings and store closures, this week. And that likely will not be letting up anytime soon. Full Article
ee Booking Holdings CEO says a coronavirus vaccine is needed to make travelers feel safe again By www.cnbc.com Published On :: Fri, 08 May 2020 22:35:06 GMT Even as economies start to reopen, Booking Holdings CEO Glenn Fogel said the travel industry will take years to recover to pre-coronavirus levels. Full Article
ee JC Penney in talks to fund potential bankruptcy filing next week By www.cnbc.com Published On :: Fri, 08 May 2020 21:59:25 GMT If J.C. Penney files for bankruptcy without financing in hand, it could doom the department store chain's restructuring process. Full Article
ee Federal Reserve seeks banks' advice as it gets into direct lending with coronavirus relief By www.cnbc.com Published On :: Tue, 28 Apr 2020 22:24:37 GMT The Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead of its formal launch, according to people familiar with the matter. Full Article
ee The US will need to spend trillions more as economy takes until 2022 to fully recover: CNBC survey By www.cnbc.com Published On :: Tue, 28 Apr 2020 17:25:57 GMT A third of respondents in the CNBC Fed survey believe the economy won't be fully restored until the second quarter of 2022. Full Article
ee Trump to meet with executives from Waffle House, Wynn, Toyota, others to discuss reopening economy By www.cnbc.com Published On :: Wed, 29 Apr 2020 21:18:19 GMT Trump has been soliciting feedback from a wide range of executives on when and how to reopen businesses that have shuttered their doors amid the coronavirus pandemic. Full Article
ee Powell says the economy will likely need more support from the Fed for the recovery to be 'robust' By www.cnbc.com Published On :: Wed, 29 Apr 2020 19:40:32 GMT Federal Reserve Chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the coronavirus crisis. Full Article
ee Fed pledges to keep rates near zero until full employment, inflation come back By www.cnbc.com Published On :: Wed, 29 Apr 2020 21:32:10 GMT The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggressive policy. Full Article
ee US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks By www.cnbc.com Published On :: Thu, 30 Apr 2020 19:46:43 GMT Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total to 30.3 million as part of the worst employment crisis in U.S. history Full Article
ee April's jobs report showing millions out of work looms large in the week ahead By www.cnbc.com Published On :: Fri, 01 May 2020 21:26:14 GMT In the week ahead, the April jobs report is expected to show the highest unemployment since 1939. Full Article
ee Test, trace, isolate: Governments need to do these three things before reopening economies, expert warns By www.cnbc.com Published On :: Tue, 05 May 2020 12:44:07 GMT A global health expert and physician told CNBC that easing lockdowns without taking certain action would risk a second surge in coronavirus infections. Full Article
ee Fed Vice Chair Clarida says more support may be needed, but economy to rebound next quarter By www.cnbc.com Published On :: Tue, 05 May 2020 22:07:16 GMT "More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," Clarida told CNBC. Full Article
ee Treasury launches 20-year bond to help fund the record borrowing needed this quarter By www.cnbc.com Published On :: Wed, 06 May 2020 14:26:37 GMT An auction May 20 will feature a sale of $20 billion worth as part of an effort to push the record-setting debt levels further out in terms of duration. Full Article
ee It's critical we have cheap, rapid at-home testing for Covid-19, but that could take weeks or even months, experts say By www.cnbc.com Published On :: Fri, 08 May 2020 13:59:19 GMT Most experts agree that Covid-19 testing is vital to safely reopen the economy. But getting to scale presents challenges, they say. Full Article
ee Wall Street in a 'strange dynamic': Pro By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Robert Pavlik, Chief Market Strategist at Banyan Partners, says recent losses on Wall Street was caused by a myriad of factors, which include more than Chinese weak data and Ukraine tensions. Full Article
ee The curious case of vanishing tweets By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Twitter says a technical glitch could be why some of its most popular tweets have disappeared from its platform. CNBC's Julia Wood reports. Full Article
ee Even if China sells US treasuries, demand from other sources will keep the dollar elevated: TD Securities By www.cnbc.com Published On :: Thu, 07 May 2020 02:50:50 GMT According to Mark Mccormick of TD Securities, there lacks a realistic alternative in the currencies markets, so even if China sells U.S. treasuries, demand from other sources will come in and keep the U.S. dollar elevated for the next couple of months. Full Article
ee Uber and Lyft unlikely to see recovery anytime soon, says analyst By www.cnbc.com Published On :: Thu, 07 May 2020 06:04:04 GMT Angelo Zino of Equity Research tells CNBC's Squawk Box Asia that Uber and Lyft will not likely see significant recovery until a vaccine is found amid the uncertainty of the coronavirus pandemic. Full Article
ee China needs a growth target to guide its stimulus measures: Citi By www.cnbc.com Published On :: Thu, 07 May 2020 06:09:38 GMT China should still set a growth target this year for the authorities to design a "sensible" stimulus package, says Liu Li-gang, Citigroup's chief economist for China, who adds that the country's unemployment rate risks exceeding 10% without aggressive fiscal stimulus. Full Article
ee April job losses will be three times those from the GFC: Economist By www.cnbc.com Published On :: Fri, 08 May 2020 01:07:06 GMT Gregory Daco of Oxford Economics says he expects the U.S. unemployment rate to go up to 17% in April, reflecting a loss in income that will weigh on consumer spending and subsequent economic recovery. Full Article
ee US is reopening too soon and may see tepid recovery from virus crisis: Deutsche Bank By www.cnbc.com Published On :: Fri, 08 May 2020 04:05:41 GMT In contrast to the U.S., countries in North Asia and Australia had "very convincing containment" of the coronavirus crisis, making them more likely to achieve a "very sharp" economic rebound post-pandemic, says Deutsche Bank's Michael Spencer, chief economist and head of research for the Asia-Pacific. Full Article
ee Ford plans health screenings, temperature checks to bring office workers back beginning in June By www.cnbc.com Published On :: Thu, 30 Apr 2020 19:16:16 GMT Ford Motor expects to begin calling back salaried employees who have been working remotely due to the coronavirus pandemic beginning in late June, executives said Thursday. Full Article
ee Tesla tells furloughed workers to expect a week or more of unemployment By www.cnbc.com Published On :: Sat, 02 May 2020 02:23:46 GMT On Friday, Tesla braced its furloughed U.S. employees for at least another week of unemployment, wrapping up a wild week that included expletives and wild tweets from CEO Elon Musk. Full Article
ee USAA chief: Coronavirus 'cabin fever' may be behind car crash uptick after initial steep decline By www.cnbc.com Published On :: Mon, 04 May 2020 18:24:36 GMT "The last couple of weeks we've seen a slight uptick in those rates, certainly not because stores are reopening," USAA CEO Wayne Peacock told CNBC. Full Article
ee Fiat Chrysler to restart US production in two weeks after coronavirus shutdowns lead to $1.8 billion quarterly loss By www.cnbc.com Published On :: Tue, 05 May 2020 14:59:36 GMT Despite the "unexpected and unprecedented times" due to Covid-19, the company, said Tuesday that it and French automaker PSA Group "remain committed" to a previously announced merger of equals. Full Article
ee Michigan governor to allow state's auto manufacturing plants to reopen next week By www.cnbc.com Published On :: Thu, 07 May 2020 22:32:34 GMT Michigan Gov. Gretchen Whitmer will allow the state's auto manufacturing plants, most of which have been shuttered since March due to the coronavirus pandemic, to reopen beginning Monday. Full Article
ee Mark Cuban: Texas reopening 'more show than go,' small business needs more help to do it safely By www.cnbc.com Published On :: Fri, 01 May 2020 19:41:31 GMT "There's all these downstream issues that really haven't been addressed yet," the Dallas Mavericks owner and "Shark Tank" investor told CNBC on Friday. Full Article
ee Kudlow says third round of PPP small business loans might be needed as demand soars By www.cnbc.com Published On :: Sun, 03 May 2020 14:25:39 GMT The second round of the Paycheck Protection Program launched last Monday and has so far provided over 2 million loans worth over $175 billion out of the total $310 billion Congress authorized in the latest relief package. Full Article
ee How Latino small business owners are keeping their businesses running during coronavirus By www.cnbc.com Published On :: Sun, 03 May 2020 14:46:10 GMT Latino entrepreneurs are among the majority of small business owners directly impacted by the economic fallout. Full Article
ee Small business confidence crashes, revealing more Main Street carnage may lie ahead By www.cnbc.com Published On :: Tue, 05 May 2020 03:26:40 GMT Main Street confidence hit a record low in the Q2 2020 CNBC Small Business Survey, with the coronavirus causing a majority of entrepreneurs to fear permanent changes, including bankruptcy. Full Article
ee Clock ticking for small businesses squeezed out of government loans, now have a few months or less to survive, survey reveals By www.cnbc.com Published On :: Mon, 04 May 2020 14:19:24 GMT Only 13% of small businesses that applied for relief through the Paycheck Protection Program have received funding, according to the CNBC/SurveyMonkey Small Business Survey released Monday. Full Article
ee Stocks just posted their best month in decades, yet most of Wall Street hates this rally By www.cnbc.com Published On :: Thu, 30 Apr 2020 20:07:18 GMT "History tells us that the odds of another deep decline are very, very high," one strategist said. Full Article
ee This pregnant Goldman Sachs trader says Wall Street will never be the same after the coronavirus By www.cnbc.com Published On :: Fri, 01 May 2020 15:18:54 GMT After the coronavirus pandemic forced traders to work from home, Wall Street has gone virtual, leaning on tech platforms like Symphony and Zoom. Full Article
ee NASA's billions of investment in SpaceX have been 'very beneficial,' agency chief says By www.cnbc.com Published On :: Fri, 01 May 2020 18:13:22 GMT NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk's SpaceX have been well worth it. Full Article
ee Emons: The stock rally appears to be driven by three types of economies By www.cnbc.com Published On :: Mon, 27 Apr 2020 10:24:12 GMT Ben Emons of Medley Global Advisors discusses the opportunities investors can find among companies operating in the "new economy", such as tech and healthcare, and those in a "return to normal" environment, such as entertainment, leisure and hospitality. Full Article
ee Jablonski: There's a big difference between the economic outlook and what the markets are doing By www.cnbc.com Published On :: Wed, 29 Apr 2020 10:33:12 GMT Sylvia Jablonski of Direxion discusses the disconnect between real economic conditions on the ground and how the markets are reacting amid the COVID-19 pandemic. Full Article
ee Rystad Energy: Global crude storage capacity may reach the top in about 3-4 weeks By www.cnbc.com Published On :: Wed, 29 Apr 2020 10:57:23 GMT Bjørnar Tonhaugen of Rystad Energy discusses what could potentially happen to oil prices when the U.S. and the world is projected to run out of viable physical storage capacity, potentially sometime in May. Full Article
ee Wedbush's Kulina: The key for big tech earnings has been signs of stabilization in April By www.cnbc.com Published On :: Thu, 30 Apr 2020 10:44:05 GMT Joel Kulina of Wedbush Securities discusses the key takeaways from Facebook, Microsoft and Tesla's earnings reports, and whether big tech companies may largely get a pass for a downturn in business in the latter part of Q1. Full Article
ee Lesko: The COVID-19 pandemic has basically been a gift to Amazon By www.cnbc.com Published On :: Fri, 01 May 2020 10:27:08 GMT Tim Lesko of Granite Investment Advisors says it's hard to imagine a better backdrop for Amazon, with the surge in online sales during the virus outbreak, and as for Apple, expectations weren't very high for iPhone sales this year, even before the pandemic. Full Article
ee Why one of the nation's largest car dealers says sales have been improving in recent weeks By www.cnbc.com Published On :: Fri, 01 May 2020 10:45:16 GMT Bryan DeBoer, CEO of car dealer Lithia Motors, discusses how auto sales have trended during the COVID-10 pandemic, and how the company has adapted to accommodate potential car buyers, including home delivery and pickup. Full Article
ee Wall Street is too optimistic as economies start reopening, Stephen Roach warns By www.cnbc.com Published On :: Thu, 07 May 2020 09:51:20 GMT One of the world's leading authorities on Asia is worried Wall Street is miscalculating China's efforts to reopen its economy. Full Article
ee Virgin Media and O2 agree on $39 billion merger to create a new UK telecom giant By www.cnbc.com Published On :: Thu, 07 May 2020 10:33:36 GMT The combined group could put pressure on rival telecommunications firms BT, Vodafone and Sky. Full Article
ee Nucor CEO sticks by dividend, predicts steel price bottom in second quarter By www.cnbc.com Published On :: Wed, 29 Apr 2020 00:21:02 GMT "We are optimistic that we'll see the bottom in Q2 and move out of that as we enter the third and fourth quarters," Nucor CEO Full Article
ee Wall Street's 'incredibly strong month' is based on 'hope,' Jim Cramer warns By www.cnbc.com Published On :: Tue, 28 Apr 2020 22:44:10 GMT "Some of these hopes make more sense than others," the "Mad Money" host said. Full Article
ee Estee Lauder CEO: 'Consumer finds a way to get the product they want,' as online sales grow double digits By www.cnbc.com Published On :: Fri, 01 May 2020 23:01:41 GMT "The consumer finds a way to get the product they want" and "found a way to buy our product online more than usual," Estee Lauder CEO Fabrizio Freda said. Full Article