ed 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
ed US-China trade tensions are a 'renewed risk' for markets: Goldman Sachs By www.cnbc.com Published On :: Thu, 07 May 2020 07:03:38 GMT Initial optimism following the phase one trade deal has slipped a bit and the market is starting to price in "some greater concerns" about U.S.-China friction, over trade as well as the coronavirus crisis, says Timothy Moe, Goldman Sachs' co-head of macro research in Asia and chief Asia Pacific equity strategist. Full Article
ed Medical supplies provided a boost for Chinese exports: Economist By www.cnbc.com Published On :: Fri, 08 May 2020 03:04:45 GMT Jian Chang of Barclays Asia Pacific says medical supplies are a key factor driving the increase in China's export numbers. Jian Chang also explores the worsening U.S.-China relationship in recent weeks amid the coronavirus crisis, with the trade agreement being a key focal point. Full Article
ed Elon Musk says orders to stay home are 'fascist' in expletive-laced rant during Tesla earnings call By www.cnbc.com Published On :: Thu, 30 Apr 2020 17:11:40 GMT Tesla CEO Elon Musk lashed out at government stay at home orders as "fascist" in an expletive-laced rant on Tesla's Q1 earnings call. Full Article
ed Mercedes-Benz reopened an Alabama auto plant. Here's how it happened By www.cnbc.com Published On :: Thu, 30 Apr 2020 15:05:56 GMT Daimler, which owns Mercedes-Benz, says it took "robust and best practice safety measures" to ensure that the reopening of the plant was safe for its 4,200 workers. Full Article
ed Feds clear General Motors in UAW union corruption probe By www.cnbc.com Published On :: Fri, 01 May 2020 21:27:24 GMT Federal prosecutors this week informed GM that it is not currently a target in a yearslong investigation into corruption of the United Auto Workers union. Full Article
ed 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
ed Elon Musk's lavish LA mansions appear to be listed for sale days after billionaire pledged to 'own no house' By www.cnbc.com Published On :: Thu, 07 May 2020 00:16:37 GMT The homes have a combined value of $39.5 million. Full Article
ed 5 things to know before the stock market opens Wednesday By www.cnbc.com Published On :: Wed, 06 May 2020 13:54:09 GMT Dow futures trimmed earlier gains as U.S. oil prices turned lower after a five-session winning streak. Full Article
ed Tesla reportedly halts car production at Chinese factory By www.cnbc.com Published On :: Thu, 07 May 2020 15:54:42 GMT It's unclear why Tesla halted its operations at the plant that's normally operated six days a week. But the move means that Tesla isn't making any cars worldwide. Full Article
ed GM raises $4 billion in bond offering, expects to establish new $2 billion credit line By www.cnbc.com Published On :: Thu, 07 May 2020 23:53:36 GMT General Motors plans to further strengthen its cash position during the coronavirus pandemic through an offering of senior unsecured fixed rate notes, the company announced Thursday. Full Article
ed Tesla's Fremont plant will resume 'limited operations' on Friday By www.cnbc.com Published On :: Fri, 08 May 2020 12:25:46 GMT The plant will bring back around 30% of employees normally working on a shift. Full Article
ed Subway CEO defends franchise owners who applied for coronavirus small business loans By www.cnbc.com Published On :: Wed, 29 Apr 2020 19:10:43 GMT "We literally have 10,700 franchisees in the U.S., and on average they own two restaurants apiece," Subway CEO John Chidsey told CNBC. Full Article
ed 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
ed A 'discouraged' Terrell Davis almost ditched his first NFL season: 'The only way you really fail is to quit' By www.cnbc.com Published On :: Fri, 01 May 2020 18:24:46 GMT At the start of his Hall of Fame NFL career, Terrell Davis was an unheralded running back competing for a spot with the Denver Broncos. After a discouraging start, Davis considered calling it quits before one play in a preseason game changed the 'entire trajectory of my career.' Full Article
ed How this company totally transformed its business model to survive the coronavirus By www.cnbc.com Published On :: Sat, 02 May 2020 15:01:01 GMT Gargiulo Produce opened in 1929 as a vegetable cart going door to door to sell food. Now, the company sells online to survive the coronavirus shutdown. Full Article
ed This skincare company saw record sales in April even as coronavirus pandemic ravaged retail By www.cnbc.com Published On :: Sun, 03 May 2020 14:01:01 GMT The rise of virtual hangouts and work meetings hasn't been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold. But the clean beauty market has been a bright spot. Full Article
ed 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
ed 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
ed Coronavirus fraud: Two New England men are first to be charged with scamming small business loan program By www.cnbc.com Published On :: Tue, 05 May 2020 21:39:53 GMT The men are charged with fraudulently applying for more than $500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak. Full Article
ed Small business loans are not going proportionately to the hardest-hit areas, Fed study shows By www.cnbc.com Published On :: Wed, 06 May 2020 15:58:55 GMT States enduring the brunt of the Covid-19 crisis are receiving a smaller proportion of emergency small business loans, a Fed study found. Full Article
ed 'Shark Tank' investor Kevin O'Leary: 20% of small businesses that got federal loans will fail By www.cnbc.com Published On :: Thu, 07 May 2020 12:34:19 GMT The "Shark Tank" investor also tried to look at the bright side: "So 80% are going to make it, in my view. That means it was a great investment." Full Article
ed Wells Fargo will no longer accept applications for home equity lines of credit By www.cnbc.com Published On :: Thu, 30 Apr 2020 22:27:11 GMT Banks have been retreating from loans tied to housing as the coronavirus pandemic impacts home values and the creditworthiness of borrowers. Full Article
ed 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
ed Jim Cramer says Buffett's sale of airline stocks makes him 'very concerned about the near term' By www.cnbc.com Published On :: Mon, 04 May 2020 20:21:03 GMT Cramer said that he viewed Buffett bailing on airlines as a sign that there were serious issues in the broader economy. Full Article
ed Cramer says Trump can't raise tariffs on China with 30 million unemployed: 'That is 1932' By www.cnbc.com Published On :: Mon, 04 May 2020 17:01:31 GMT Cramer warned that the U.S. economy may be too weak to handle another trade spat with China and discouraged Trump from imposing new tariffs. Full Article
ed Retail investors bought airline stocks even as travel slowed to a trickle, TD Ameritrade says By www.cnbc.com Published On :: Tue, 05 May 2020 00:55:39 GMT "I don't think you're buying these thinking that that business is coming back immediately," TD Ameritrade chief market strategist JJ Kinahan told CNBC. Full Article
ed Cramer says the plant-based meat 'movement is happening' and investors better 'get on the bus' By www.cnbc.com Published On :: Wed, 06 May 2020 15:35:17 GMT "This is not blockbuster drug, but watch this trend. I think it's very exciting for investors," CNBC's Jim Cramer said Wednesday. Full Article
ed Bankrate: Americans are still grappling with the enormity of the economic crisis related to the virus pandemic By www.cnbc.com Published On :: Mon, 27 Apr 2020 10:25:35 GMT Bankrate's Mark Hamrick discusses the findings of a new survey on how Americans are feeling about their financial health, more than a month into coronavirus stay-at-home measures. Full Article
ed NYT: EU bows to pressure to soften criticism of how the Chinese government pushed disinformation about the coronavirus By www.cnbc.com Published On :: Mon, 27 Apr 2020 10:32:59 GMT New York Times reporter Matt Apuzzo discusses his piece on how Beijing moved to tamp down criticism from the West over its response to the coronavirus pandemic. Full Article
ed 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
ed Emanuel: The market has tried to take bad economic news in stride By www.cnbc.com Published On :: Tue, 05 May 2020 10:39:25 GMT Julian Emanuel of BTIG discusses whether health data related to the virus pandemic has become the market's new economic data. Full Article
ed Top-ranked Barron's advisor on investment strategies amid the coronavirus outbreak and market volatility By www.cnbc.com Published On :: Wed, 06 May 2020 10:08:08 GMT Greg Sarian, CEO of Sarian Strategic Partners and one of Barron's Top 100 Advisors, says investors should prepare for more volatility, and discusses some tax strategies to employ as stock prices are still lower. Full Article
ed Stock market live Wednesday: Tech stocks rise, Dow falls 200, GDP -18%? By www.cnbc.com Published On :: Wed, 06 May 2020 20:36:52 GMT A converstation about the latest market-moving news, including oil's six-day rally and expectations of reopening the economy. Full Article
ed Fed's James Bullard says the jobs report on Friday will be one of the worst ever By www.cnbc.com Published On :: Wed, 06 May 2020 14:38:20 GMT Bullard's comments came minutes before ADP reported that private payrolls shed more than 20 million jobs in April amid coronavirus shutdowns. Full Article
ed Here's what happened to the stock market on Wednesday By www.cnbc.com Published On :: Wed, 06 May 2020 21:36:06 GMT The Dow and S&P 500 closed lower on Wednesday as investors weighed the potential of the U.S. economy reopening amid more dismal employment data. Full Article
ed 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
ed 'Bubble' stocks like Beyond Meat and Peloton were supposed to blow up, but the opposite happened By www.cnbc.com Published On :: Fri, 08 May 2020 11:37:07 GMT Bubble-like tech stocks remain among the biggest winners this year, and their strength pushed the Nasdaq Composite into positive territory on Thursday. Full Article
ed Fed's Barkin doubts likelihood of negative rates even though the market is pricing them in By www.cnbc.com Published On :: Fri, 08 May 2020 14:03:51 GMT Traders on Thursday priced in a negative federal funds rate by December 2020, lasting at least to January 2022 Full Article
ed Here's what happened to the stock market on Thursday By www.cnbc.com Published On :: Thu, 07 May 2020 20:47:04 GMT The tech-heavy Nasdaq clawed back all of its 2020 losses as tech shares added to their recent gains. Full Article
ed Fed's Harker warns about reopening the economy too quickly By www.cnbc.com Published On :: Thu, 07 May 2020 22:32:05 GMT "Not only would this be a health catastrophe, but it would reverse the recovery as well," the central bank official said in a speech. Full Article
ed Stock market live Friday: Record job losses, investors focused on reopening, Dow gains 450 By www.cnbc.com Published On :: Fri, 08 May 2020 20:37:36 GMT A conversation about the latest market-moving news, including the upcoming jobs report. Full Article
ed Here's what happened to the stock market on Friday By www.cnbc.com Published On :: Fri, 08 May 2020 20:09:22 GMT Stocks rose sharply even after the ugliest monthly jobs report on record as investors bet the worst of the coronavirus and its impact on the economy has passed. Full Article
ed 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
ed 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
ed Jim Cramer on Wednesday's rally: 'Remdesivir is just what the doctor ordered' By www.cnbc.com Published On :: Wed, 29 Apr 2020 23:03:18 GMT "This drug makes a big difference, especially if you were worried about a second wave of infections after we reopened the economy," the "Mad Money" host said. Full Article
ed Cramer says his most trusted indicator 'makes me concerned' about the market's trajectory By www.cnbc.com Published On :: Fri, 01 May 2020 14:54:03 GMT Stocks on Wall Street have reached levels that are "too hot" for Jim Cramer's liking. Full Article
ed Cramer's lightning round: I am worried about Twilio By www.cnbc.com Published On :: Fri, 01 May 2020 23:13:33 GMT "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. Full Article
ed 'She had the vision' — Marc Benioff credits Rhode Island governor for inspiring Salesforce's contact tracing tools By www.cnbc.com Published On :: Tue, 05 May 2020 00:28:01 GMT Salesforce CEO Marc Benioff said it was Rhode Island Gov. Gina Raimondo's idea to couple contact tracing with coronavirus testing as the software maker sought to launch Work.com. Full Article
ed 'It was suddenly Cyber Monday' — Etsy CEO says sales spiked 79% in April By www.cnbc.com Published On :: Thu, 07 May 2020 23:11:00 GMT "When the CDC changed its [face mask] guidelines ... we all of a sudden saw overwhelming amounts of demand come on to our site," Etsy CEO Josh Silverman told CNBC. Full Article