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Op-ed: Recovering from this unprecedented oil crash could take years and may not benefit Saudi or Russian producers

Saudi Arabia and Russia aim to inflict pain on American producers, forcing them to shutter wells and give up the market share.




it

Op-ed: The contraction isn't over and it may take time to get used to a different world

It could take years for the world to recover from a significant economic contraction, and it will look different than the world we knew in January.




it

Op-ed: For Big Oil, this crisis will be different, and it may be irreversible

Oil and gas companies delayed in transitioning from fossil fuels and lost investors. The oil price crash caused by the coronavirus threatens to make this shift permanent.




it

Op-Ed: Britain needs an economic model to guide the lifting of the coronavirus lockdown

Covid-19 has forced epidemiology and economics to become intertwined as never before.




it

Op-ed: China has a big but brief chance right now to speed its way to global leadership

Covid-19 has revealed more clearly than ever before the nature and relentlessness of the ruling Chinese Communist Party's ambition to place itself at the center of global power and influence.




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Op-ed: The market is not out of touch with reality, it's just showing how the economy has changed

The stock market still reflects what is going on in the economy, even as it has rebounded from its lows amid dismal economic data.




it

Siemens sees bigger hit from coronavirus impact coming as second-quarter profit plunges

Siemens on Friday said it expected "even stronger impacts" from the coronavirus pandemic in the weeks ahead as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter.




it

Ireland says Brexit trade talks timeline 'virtually impossible'

The coronavirus pandemic has made an already difficult timeline for a British-European Union trade deal "virtually impossible", Ireland's foreign minister said, cautioning that he did wish to raise expectations of London seeking more time.




it

Facebook just launched its brand new site — here's how to check it out if you don't see it yet

Facebook's new homepage is live now. Here's how to switch to it.




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Media companies expect a tough quarter for TV advertising, with no live sports and spending delayed

In recent days, companies including ABC and ESPN parent Disney, Fox Corp., AMC Networks, NBCUniversal parent Comcast, ViacomCBS and Discovery reported earnings that showed how TV is trending as advertisers are pulling spend or postponing campaigns until later in the year.




it

Alphabet CEO lays out how offices will slowly reopen starting in June with internal memo

The first employees to return will be those who need "access to special equipment" and whose jobs require them them to be in the office, Pichai stated.




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Nintendo profits surge as 'Animal Crossing' game becomes fastest-selling title on the Switch

Nintendo said "Animal Crossing: New Horizons" sold over 13 million copies in the first six weeks, making it the fast-selling Switch game.




it

Vice President Mike Pence's press secretary tests positive for coronavirus

Katie Miller, the Pence press secretary, also handled communications for the coronavirus task force. The news came a day after the revelation that a personal valet for President Trump tested positive.




it

US commitment to Gulf allies' security 'not at all changed' despite Patriot systems drawdown, Iran envoy says

Washington's commitment to the security of its Gulf allies is unchanged despite what appears to be a shift in force posture in the region, U.S. Special Representative for Iran Brian Hook told CNBC.




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Dow rises more than 400 points despite record job losses, posts first weekly gain in three

Stocks rose even after the ugliest monthly jobs report ever as investors bet the worst of the coronavirus and its economic impact has passed.




it

Sweden's chief scientist admits lessons have been learned over no-lockdown policy

Sweden's decision to avoid a strict lockdown like its European neighbors drew global attention and was not without controversy, but its chief epidemiologist says there are few things he would have done differently.




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Britain could quarantine incoming travelers for 14 days, report suggests

Britain is to introduce a 14-day quarantine period for almost everyone arriving into the country to avoid a second peak of the coronavirus pandemic, The Times newspaper reported on Saturday.




it

Trump 'torn' over US-China trade deal as officials push to fulfill its terms

Asked if he was "breaking up" the Phase 1 trade deal, Trump said: "I'm very — I'm very torn as to — I have not decided yet, if you want to know the truth."




it

Why the stock market is up even with historic job losses

The most Americans in history lost their job in April, but markets are moving higher. Here's why.




it

Options trader bets $4 million on a major volatility spike

Stocks are breaking out to new all-time highs, but one trader is betting that more volatility is right around the corner.




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Options on bitcoin futures just launched. Here's what you need to know

Exchange-traded bitcoin options launched Monday on the Chicago Mercantile Exchange, and they will likely provide a great tool for cryptocurrency speculators.




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Options trader makes a big bet on volatility into CSX earnings

CSX is scheduled to report earnings after the bell on Thursday, and one trader is betting that the transport stock could be a big mover.




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How to use options to navigate wild volatility

Optimize Advisors President Michael Khouw explains how to use options to gauge where the markets will land amid wild volatility.




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Trader with golden catch-up play using options

A gold move, with Mike Khouw. With CNBC's Melissa Lee and the Options Action Traders, Carter Worth and Tony Zhang.




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Democrat and Republican voters remain split on Covid-19 precautions in battleground states, poll shows

CNBC's Eamon Javers breaks down new survey results from battleground states, and split opinions on the coronavirus pandemic among Democratic and Republican voters.




it

Here are the states with the most jobless claims

CNBC's Steve Liesman breaks down the latest jobless claims numbers, and which states have been hardest hit by the shutdown.




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Roche CEO says it is 'very likely' people develop immunity after recovering from coronavirus

Roche CEO Severin Schwan said more research is needed to prove people gain immunity from Covid-19 infections.




it

British start-up Culture Trip confirms layoffs as coronavirus hits travel

The London-based company has raised over $100 million from investors but it hasn't been an easy ride.




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Total's net profit falls 35% in the first quarter as oil prices slide

Total reported that first-quarter net profit came in at $1.8 billion, down from $2.8 billion over the same period last year.




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BNP Paribas' net profit slides as it warns of three 'major negative impacts' from the coronavirus

BNP Paribas reported a fall in net income for the first quarter on Tuesday, as it warned the coronavirus has had three "major negative impacts" on its balance sheet.




it

German court says the European Central Bank now needs to prove its bond buying is needed

The German court said the decision does not concern any financial assistance measures taken by the European Union or the ECB in the context of the current coronavirus crisis.




it

Britain's NHS shuns Apple and Google as it rolls out coronavirus contact-tracing app

The NHS app is based on the government's "centralized" framework instead of the tech giant's "decentralized" technology.




it

Virgin Atlantic cuts more than 3,000 jobs to mitigate 'devastating' coronavirus impact

Virgin Atlantic announced it will cut 3,150 jobs, becoming the airline to announce a reduction in headcount because of the coronavirus crisis.




it

Trump's hostility toward a digital tax could unite Europe to implement one, lawmaker says

Disagreements with U.S. President Donald Trump could drive Europe to step up levies on companies like Google and Facebook, a lawmaker told CNBC.




it

Millions of people are expected to fall ill with tuberculosis due to coronavirus lockdown

"This situation makes me sick, because (it) is totally avoidable," Lucica Ditiu, executive director of the Stop TB Partnership, said.




it

Spotify removes podcast featuring interview with conspiracy theorist David Icke, while Apple stalls

The streaming service pulled the episode hours after CNBC brought it to the company's attention, but Apple is yet to pull the same podcast.




it

European airlines drop guidance and warn it could take years for demand to bounce back

A number of European airlines have dropped their financial guidance for the year, as the ongoing coronavirus pandemic creates widespread uncertainty about when business will return to normal.




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Coronavirus app U-turn? Britain's NHS pays Swiss firm to investigate Apple and Google model

The NHS's digital innovation arm is paying Zuhlke Engineering £3.8 million to investigate the "decentralized" framework developed by Apple and Google.




it

TikTok has quietly made London its main hub in Europe

The Chinese-owned social media app is hiring artificial intelligence and software engineers in the U.K. capital.




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'Biggest disappointment' for the West is China isn't aligning with it: Ian Bremmer

Ian Bremmer, founder of Eurasia Group, says China is getting more powerful and not aligning with the West. This will lead to separate systems like two separate Internets.




it

Sterling could rise on continued Brexit negotiations: Strategist

Sim Moh Siong, FX strategist at the Bank of Singapore, says there is "scope for more upside" for sterling if Brexit negotiations roll on past the March deadline.




it

Chinese equities look increasingly attractive in 2019: CIO

Norman Villamin, chief investment officer at UBP, lays out why he is bullish on Chinese equities in 2019.




it

UK general election more likely than second Brexit referendum: Professor

Cedomir Nestorovic, professor of geopolitics at ESSEC Business School, predicts that U.K. Prime Minister Theresa May's second Brexit deal will likely be rejected Monday, creating further scope for a near-term general election.




it

China seems to think that it is 'out of the woods': Professor

Edmund Phelps of Columbia University says China seems to think that it has solved its problems, and its economy will see a return to "somewhat higher" growth rates. He also says China could "break loose" with a long wave of rapid innovation.




it

Brexit delay puts Bank of England in a really tight spot, expert says

Hetal Mehta, senior European economist at Legal & General Investment Management, discusses the impact of Brexit on U.K. policymakers.




it

Washington's heart 'really isn't in it' with Russia sanctions: Director

Samuel Greene, director of the Russia Institute and reader of Russian politics at King's College London, speaks to CNBC about new U.S. sanctions on Nord Stream 2.




it

You can't deal with international trade if not multilaterally, OECD chief says

Angel Gurria, secretary general of the OECD, discusses U.S.-China trade, multilateralism and digital taxes.




it

Trump will make a deal with Iran if he gets re-elected, DAMAC chairman says

But Hussain Sajwani, chairman of Middle Eastern property development firm DAMAC, says he doesn't expect President Donald Trump to secure a deal in the Middle East this year.




it

US is best positioned to fill India's natural gas needs: Energy Secretary

U.S. Energy Secretary Dan Brouillette talks about the strategic energy partnership with India, and how it will boost trade in oil and natural gas.




it

Green shoots: Wednesday was one of the most positive days for the stock market on many fronts

Stocks are looking past terrible economic news and finding hope in a reopening economy and the idea that drugs may help fight coronavirus.