ic 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
ic 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
ic 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
ic 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
ic Shanghai Disneyland tickets sellout for opening day, signaling pent up demand for theme parks By www.cnbc.com Published On :: Fri, 08 May 2020 15:14:27 GMT It seems Chinese consumers aren't afraid to return to theme parks. Tickets for Monday's reopening of Shanghai Disney sold out within minutes. Full Article
ic 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
ic 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
ic The Fed may provide more details on the policy 'bazooka' it fired to help markets By www.cnbc.com Published On :: Tue, 28 Apr 2020 23:17:37 GMT The Fed is not expected to adjust rates but it could provide details on the unprecedented moves it has made to fight the virus impact. Full Article
ic Pending home sales tank nearly 21% in March, but Realtors claim prices will hold up By www.cnbc.com Published On :: Wed, 29 Apr 2020 14:58:35 GMT Home sales took a deep dive in March as the coronavirus pandemic shut down much of the economy, and homebuyers and sellers pulled out of the normally busy spring market. Full Article
ic 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
ic Over 50% of department stores in malls predicted to close by 2021, real estate services firm says By www.cnbc.com Published On :: Wed, 29 Apr 2020 21:04:05 GMT Department stores still represent about 60% of the anchor space within malls across the U.S. today, according to Green Street Advisors. Full Article
ic 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
ic 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
ic NY Gov. Cuomo says he won't sacrifice human lives to reopen the economy: The argument is 'absurd' By www.cnbc.com Published On :: Thu, 07 May 2020 19:36:43 GMT "This is not a situation where you can go to the American people and say, 'How many lives are you willing to lose to reopen the economy?' We don't want to lose any lives," Cuomo said. Full Article
ic 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
ic 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
ic Sorrento Therapeutics and Mount Sinai join forces to develop Covid-19 antibody shield By www.cnbc.com Published On :: Fri, 08 May 2020 13:47:37 GMT Sorrento Therapeutics and Mount Sinai Health System in New York City have joined forces to develop an antibody cocktail they hope will shield against Covid-19 infection for up to two months. Full Article
ic 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
ic 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
ic 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
ic 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
ic 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
ic Tencent to expand services: Pro By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Ricky Lai, Research Analyst at Guotai Junan International holdings, expects the internet firm to expand services in order to stimulate user growth, as it combats the PBOC's tightening of internet finance. Full Article
ic 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
ic Microsoft's shift is a 'welcome change': Pro By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Norman Young, Senior Equity Analyst at Morningstar, says Microsoft's release of the Office for iPad app reflects a strategy shift in the software company under its new chief executive officer, Satya Nadella. Full Article
ic Stop focusing on geopolitics of coronavirus with China, says Australian CEO By www.cnbc.com Published On :: Tue, 05 May 2020 04:16:52 GMT Australia has "no benefits at all" from focusing on its coronavirus-related geopolitics with China, one of its major trading and business partners. It should focus instead on people's health and economic recovery, says Mark Allison, CEO and managing director of Elders Limited. Full Article
ic A new 'Cold War' has begun as US-China tensions rise, says former White House official By www.cnbc.com Published On :: Tue, 05 May 2020 05:02:29 GMT A new Cold War is emerging from the ongoing U.S.-China geopolitical tensions, says Clete Willems, an Akin Gump partner and former White House official. He cites the "growing frustration" with China's economic policies and resistance to investigations for its alleged coronavirus involvements. Full Article
ic World risks famines of 'biblical proportions' from pandemic, says UN By www.cnbc.com Published On :: Tue, 05 May 2020 05:20:33 GMT As many as 260 million people risk being on the brink of starvation as economies deteriorate and supply chains break down worldwide due to the coronavirus pandemic, says David Beasley, the United Nations World Food Programme's executive director. Full Article
ic 'This is the start of a new Cold War,' former Trump trade official says of rising US-China tensions By www.cnbc.com Published On :: Tue, 05 May 2020 06:52:10 GMT Among the latest disputes between the U.S. and China is the origin of the coronavirus, which has infected more than 3 million people and killed over 250,000 globally, data by Johns Hopkins University showed. Full Article
ic Oil prices to trade above 50 dollars again next year: ING By www.cnbc.com Published On :: Wed, 06 May 2020 00:51:42 GMT Warren Patterson of ING explains why he sees a rebound in oil prices next year. Full Article
ic Singapore minister says safeguards in migrant dormitories 'not sufficient' during coronavirus outbreak By www.cnbc.com Published On :: Wed, 06 May 2020 03:42:58 GMT Singapore learned from the coronavirus pandemic that its migrant workers' dormitories need redesigning to prevent future outbreaks, says Lawrence Wong, second minister for finance, who is also co-chair of the country's Covid-19 task force. Full Article
ic Markets have priced in bad economic data, but not trade tensions: Strategist By www.cnbc.com Published On :: Thu, 07 May 2020 03:47:06 GMT Markets are unlikely to react to bad economic data in the second quarter, says Brian Belski of BMO Capital Markets, adding that any volatility seen near-term will be from a resurgence in U.S.-China trade tensions. Full Article
ic Australian economy is starting its recovery phase, fiscal policy will influence it the most: NAB By www.cnbc.com Published On :: Fri, 08 May 2020 01:11:04 GMT Australia has started plans on re-opening its economy after a period of social distancing. Ivan Colhoun of the National Australian Bank suggests looking to fiscal stimulus to cushion the hit to their economy, and to keep an eye on how lower immigration may slow the economy in the long term. Full Article
ic 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
ic I propose 'shelter in place' approach to fight the coronavirus: Vickers Venture Partners Chairman By www.cnbc.com Published On :: Fri, 08 May 2020 04:50:29 GMT Finian Tan, Chairman of Vickers Venture Partners proposes a "shelter in place" approach to combat COVID-19, which involves asking those 50 years and above to stay at home without exception, while allowing the rest of the population to go back to business as usual, including opening of businesses and borders. Full Article
ic 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
ic Coronavirus could help Tesla retain EV lead as traditional automakers pare electric investments By www.cnbc.com Published On :: Fri, 01 May 2020 13:54:26 GMT Many of the new EVs that were supposed to enter the U.S. market to challenge the California carmaker this year are being delayed. Full Article
ic Electric cars take the spotlight in China's post-coronavirus stimulus plans By www.cnbc.com Published On :: Wed, 06 May 2020 02:45:46 GMT Jing Yang, director of corporate research at Fitch Ratings, expects electric vehicles to outperform an overall slump in China's car sales this year given strong policy support. Full Article
ic 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
ic Ford and 3M begin shipping respirators to front-line health workers fighting coronavirus pandemic By www.cnbc.com Published On :: Wed, 06 May 2020 16:29:03 GMT About 90 United Auto Workers union members have assembled more than 10,000 respirators at a Ford plant near Flat Rock, Michigan. Full Article
ic Michigan lawmakers lead congressional push to include auto industry in next stimulus bill By www.cnbc.com Published On :: Wed, 06 May 2020 22:24:51 GMT "The projected economic fallout for the (auto) industry is grave," reads the bipartisan letter signed by nine lawmakers from Michigan, Ohio, Tennessee, Texas and Alabama, all states with big auto manufacturing plants. Full Article
ic 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
ic 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
ic 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
ic This realtor became a trucker after the housing crisis and now pulls in six figures during the coronavirus pandemic By www.cnbc.com Published On :: Thu, 07 May 2020 17:26:03 GMT April Coolidge used to work in real estate but now she makes more money driving a truck than she ever did selling houses. Full Article
ic 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
ic 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
ic Carl Icahn, who's made a large bulk of his fortune in energy, has a new play in the industry By www.cnbc.com Published On :: Sat, 02 May 2020 14:04:03 GMT Icahn's next energy bet could pay off through a takeover or a rebound in oil prices. Full Article
ic Putting the economy back together again: What the future holds for Americans By www.cnbc.com Published On :: Sun, 03 May 2020 13:24:21 GMT After the coronavirus pandemic passes, life will continue in many regards, but nothing will be the same and the economy won't return to the way it was, not for a long time. Full Article
ic 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