us This chart shows how coronavirus jobs losses dwarf those in prior recessions By www.cnbc.com Published On :: Fri, 08 May 2020 16:54:02 GMT Jobs losses related to the coronavirus dwarf employment declines seen during prior U.S. recessions. Full Article
us She fled coronavirus-stricken Brooklyn to live in Oklahoma: 'You're just in this survival mode' By www.cnbc.com Published On :: Thu, 30 Apr 2020 16:28:37 GMT Lindsey Marvel, 38, moved to New York because, she said, "I'm literally going big or going home." Now she's going home to Tulsa, Oklahoma. The effect that Covid-19 has had not just on her personal life, but on the city she loves, was simply too much. Full Article
us Coronavirus: Wealthy New Yorkers flee Manhattan for suburbs and beyond By www.cnbc.com Published On :: Thu, 30 Apr 2020 17:26:47 GMT Brokers say buyers and renters coming from the city are asking for the same thing: more space and more distance from neighbors and crowds. Full Article
us Fleeing NYC for Oklahoma: 'You're just in this survival mode' By www.cnbc.com Published On :: Thu, 30 Apr 2020 18:19:04 GMT CNBC's Diana Olick reports on a woman's tough decision to flee Brooklyn, New York for Oklahoma. Full Article
us Coronavirus mortgage bailout program grows again as more homeowners delay payments By www.cnbc.com Published On :: Fri, 01 May 2020 14:33:57 GMT Applications to the government's mortgage bailout program have been swelling at a rate of about half a million a week. Full Article
us Landlords are worried increasingly fewer tenants will pay rent as coronavirus job losses mount By www.cnbc.com Published On :: Fri, 01 May 2020 16:32:15 GMT Rent is traditionally due on the first of the month, and with each passing month more tenants are becoming late on their payments. Full Article
us I just refinanced my mortgage, despite coronavirus. Here's what I learned By www.cnbc.com Published On :: Wed, 06 May 2020 13:28:29 GMT Two months after applying for a new loan, I closed on April 27. The process was painless, but some things were worth noting for those exploring an online mortgage or refinance during coronavirus. Full Article
us 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
us Ousted WeWork CEO Adam Neumann is suing SoftBank — Here's why By www.cnbc.com Published On :: Tue, 05 May 2020 14:21:13 GMT Founder and former CEO of WeWork Adam Neumann is suing SoftBank, the company's biggest investor. CNBC's Deidre Bosa reports. Full Article
us WeWork's Adam Neumann once said he had a 'beautiful relationship' with SoftBank's Masa Son; now he calls out 'abuse of power' in lawsuit filing By www.cnbc.com Published On :: Wed, 06 May 2020 06:56:01 GMT In the lawsuit, Neumann accuses Softbank of backing out of a key provision of its nearly $10 billion bailout agreed to in October. Neumann was the biggest beneficiary of the deal that would have seen him cash out $970 million worth of his stake in the coworking startup. Full Article
us Consumer confidence in housing falls to lowest level since the subprime crash By www.cnbc.com Published On :: Thu, 07 May 2020 16:17:26 GMT The economic free fall from Covid-19 is taking its toll on what had been strong housing demand just a few months ago. Full Article
us NYC real estate market under pressure as coronavirus pandemic halts sales By www.cnbc.com Published On :: Fri, 08 May 2020 10:54:30 GMT New York City is the nation's largest real estate market, and the pandemic has caused a number of deals to go bust. CNBC's Robert Frank reports. Full Article
us Hilton is in a good position to withstand the coronavirus: Macquarie By www.cnbc.com Published On :: Fri, 08 May 2020 13:56:27 GMT As the travel and tourism industry struggles with the fallout from the coronavirus, Chad Beynon of Macquarie explains why Hilton's franchise business model makes it resilient in this challenging environment. Full Article
us 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
us Outback parent company Bloomin' Brands doubles down on takeout business after sales triple By www.cnbc.com Published On :: Fri, 08 May 2020 21:51:12 GMT Investing in delivery in recent years, including a rewards program and digital ordering, has paid off for Bloomin' in the long run and will continue to pay off going forward, Deno said. Full Article
us Top ad firm outlines business sectors hit the most by the pandemic, and the ones that are faring better... for now By www.cnbc.com Published On :: Tue, 28 Apr 2020 20:01:48 GMT Sectors like health care or financial services have been less impacted by the pandemic so far, but Omnicom foresees demand for marketing services to decline as advertisers cut costs in the short term. Full Article
us 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
us 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
us US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis By www.cnbc.com Published On :: Wed, 29 Apr 2020 13:49:31 GMT This marked the first negative GDP reading since the 1.1% decline in the first quarter of 2014 and the worst level since the 8.4% plunge in Q4 of 2008 during the worst of the financial crisis Full Article
us 8-month 'structured lockdowns' could halve economic damage from the coronavirus, research claims By www.cnbc.com Published On :: Wed, 29 Apr 2020 14:36:19 GMT Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the face of Covid-19 was "extremely risky" for developed economies. Full Article
us 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
us 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
us Plunge in health-care spending a big reason US economy sank in first quarter By www.cnbc.com Published On :: Wed, 29 Apr 2020 22:44:52 GMT The coronavirus crisis actually caused consumer health-care spending to plunge 18% in Q1. Full Article
us US consumer spending plunges 7.5% in March, reflecting virus By www.cnbc.com Published On :: Thu, 30 Apr 2020 14:25:56 GMT U.S. consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans complied with stay-at-home orders. Full Article
us 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
us US services sector posts biggest contraction since 2009 as coronavirus halts economic activity By www.cnbc.com Published On :: Tue, 05 May 2020 20:32:38 GMT The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought economic activity in the country to a near-screeching halt. Full Article
us Most 2020 swing state voters want more direct payments during coronavirus, CNBC/Change Research poll finds By www.cnbc.com Published On :: Wed, 06 May 2020 17:56:33 GMT Democrats are pushing for at least one more round of direct payments during the coronavirus crisis after many voters got $1,200 stimulus checks. Full Article
us US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report By www.cnbc.com Published On :: Wed, 06 May 2020 13:41:14 GMT Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP. Full Article
us NIH doesn't expect the coronavirus to rapidly mutate like the seasonal flu By www.cnbc.com Published On :: Thu, 07 May 2020 20:42:16 GMT "We don't think it will have this very rapid seasonal change that we have to deal with influenza," the head of the NIH tells Congress. Full Article
us Hydroxychloroquine fails to help hospitalized coronavirus patients in US funded study By www.cnbc.com Published On :: Fri, 08 May 2020 00:34:28 GMT Hydroxychloroquine, a decades-old malaria drug touted by President Donald Trump, didn't appear to help hospitalized patients with Covid-19, according to a new observational study. Full Article
us Trump says coronavirus tests are 'overrated,' but he will get tested daily By www.cnbc.com Published On :: Thu, 07 May 2020 22:03:27 GMT The new daily testing policy for the president and the people in his circle comes hours after the White House acknowledged that a personal valet for Trump tested positive for Covid-19. Full Article
us California identifies nail salons as source of coronavirus community spread, Gov. Newsom says By www.cnbc.com Published On :: Fri, 08 May 2020 15:21:23 GMT Unlike some other states that have announced reopenings, California nail salons won't be allowed to reopen until the state's phase 3. Full Article
us Spain reports uptick in daily coronavirus deaths; Australia plans reopening in 3 stages By www.cnbc.com Published On :: Fri, 08 May 2020 11:51:28 GMT Spain saw 229 new deaths related to Covid-19, up from 213 the day before. Full Article
us Republicans stall on next coronavirus relief bill, United Airlines halts $2.25 billion bond offering By www.cnbc.com Published On :: Sat, 09 May 2020 02:01:59 GMT Covid-19 has infected more than 3.8 million people around the world as of Friday, killing at least 269,881 people. Full Article
us Moderna CEO says supply of coronavirus vaccine will be limited, US will help decide who gets it first By www.cnbc.com Published On :: Fri, 08 May 2020 16:52:15 GMT "We will all be supply constrained for quite some time, meaning we won't be able to make as many product as will be required to vaccinate everyone on the planet," CEO Stephane Bancel said on CNBC's "Squawk Box." Full Article
us Trump shrugs off the brutal jobs report, focuses more on Michael Flynn case By www.cnbc.com Published On :: Fri, 08 May 2020 19:29:58 GMT Trump said he's not to blame after the Labor Department reported a devastating loss of more than 20 million jobs in the coronavirus crisis last month. Full Article
us US lawmakers urge Mnuchin to crack down on airlines cutting worker hours after taking billions in coronavirus aid By www.cnbc.com Published On :: Fri, 08 May 2020 14:30:42 GMT Three Senate Democrats are urging Treasury Secretary Steven Mnuchin to crack down on airlines that are cutting employee hours, despite billions in federal coronavirus relief. Full Article
us New York City partners with Salesforce on coronavirus contact tracing program, mayor says By www.cnbc.com Published On :: Fri, 08 May 2020 17:25:25 GMT Salesforce will deploy a call center as well as a customer relationship and case management system that will help the city track potential cases and isolate people before they become sick, de Blasio said. Full Article
us Melinda Gates says US coronavirus response is 'chaos,' gives Trump administration a D-minus grade By www.cnbc.com Published On :: Fri, 08 May 2020 16:02:47 GMT Melinda Gates, co-chairman of the Bill & Melinda Gates Foundation, gave President Donald Trump's administration a "D-minus" on its handling of the coronavirus pandemic, criticizing lack of leadership on both national and international levels. Full Article
us Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak By www.cnbc.com Published On :: Fri, 08 May 2020 15:07:50 GMT On Wednesday, Cuomo said most new Covid-19 hospitalizations in New York state are from people who were staying home and not venturing much outside. Full Article
us Vice President Mike Pence torched after jokingly asking to carry empty boxes at nursing home 'just for the camera' By www.cnbc.com Published On :: Fri, 08 May 2020 17:18:25 GMT Vice President Mike Pence got roasted after being caught by a live microphone jokingly offering to carry empty boxes "just for the camera" into a health-care facility treating coronavirus cases. Full Article
us New York investigates coronavirus in children after 5-year-old NYC boy dies from complications, Gov. Cuomo says By www.cnbc.com Published On :: Fri, 08 May 2020 18:11:16 GMT New York is investigating how Covid-19 impacts children after a 5-year-old boy in New York City died due to coronavirus-related complications, Gov. Andrew Cuomo said Friday. Full Article
us San Diego mayor: Compliance with new beach rules bodes well for state business reopening By www.cnbc.com Published On :: Fri, 08 May 2020 20:07:48 GMT "San Diegans, just like others in California, do not want to give back the tremendous gains that we've made, the sacrifices that we've made over these last six weeks," Mayor Kevin Faulconer said. Full Article
us Russia's Victory Day celebrations pared back; Spain's daily coronavirus death tolls falls By www.cnbc.com Published On :: Sat, 09 May 2020 13:13:20 GMT Russia marks the 75th anniversary of Soviet victory over Nazi Germany in World War Two on Saturday, but the coronavirus outbreak means that celebrations have been pared back massively. Full Article
us Could US LNG exports actually scare Russia? By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Myron Brilliant, Executive VP & Head of International Affairs at the U.S. Chamber of Commerce, explains how increased U.S. LNG exports could impact Russia's standoff with Ukraine. Full Article
us Sanctions send soft signals to Russia: Pro By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Stephen Yates, CEO at DC International Advisory, says the sanctions that have slapped on Russia have not been hard-hitting at all. Full Article
us 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
us Expect a US rate hike in mid-2015: Pro By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT David Joy, Chief Market Strategist at Ameriprise Financial, says Janet Yellen is being "too complacent" and expects the pace of the looming rate hike to be more aggressive. Full Article
us Major sanctions on Russia are 'unlikely': INSEAD By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Antonio Fatas, Professor of Economics at INSEAD, says it is unlikely that the West will impose hard-hitting economic sanctions upon Russia. Full Article
us Are markets right to bet on China stimulus? By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Julia Wood and Adam Bakhtiar discuss the possibility of Beijing moving in on fresh stimulus measures to prop up its economy. Full Article