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Warren Buffett's Berkshire swings to massive $50 billion net loss after coronavirus pummels stock investments

Berkshire's first-quarter net loss totaled $49.75 billion. A year earlier, net earnings totaled $21.66 billion.




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DuPont doubles cost-savings target, slashes capital expenses

Industrial materials maker DuPont on Tuesday slashed its capital expenditure by about $500 million and raised its annual cost-savings target to counter global trade uncertainties brought on by the coronavirus outbreak.




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Disney's parks were its biggest profit-maker, now they could be its biggest drag on earnings

Last year, Disney's Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company's biggest drag on earnings, thanks to the Covid-19 outbreak.




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Cheesecake Factory swings to a loss as coronavirus weighs on earnings

The Cheesecake Factory swung to a loss in its first quarter as the coronavirus pandemic forced the company to close its dining rooms and furlough thousands of its workers.




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Pinterest drops after reporting slowing user growth in first quarter results

Shares of Pinterest fell as much as 9% in after-hours trading on Tuesday after the company reported its first quarter results.




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The businesses that made Disney a juggernaut are suddenly hurting, distracting from its streaming success

Disney wants Wall Street to focus on its growing streaming business, but its media networks, theme parks and film studio have grown too large to be ignored. That's become a big problem during coronavirus shutdowns.




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Disney reports 58% drop in operating income from parks and cruises, its worst-hit segment

This is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman.




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Wendy's shares jump after company reports US same-store sales picking up as customers return

Wendy's reported that its U.S. same-store sales are rebounding after plunging in March and the first half of April.




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General Motors ekes out $294 million profit in the first quarter despite crippling production and sales from coronavirus

The Covid-19 outbreak cut deeply into GM's performance, costing the largest U.S. automaker $1.4 billion before taxes during the first three months.




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Homebound parents bought board games, not Barbies, crippling Mattel's sales in the first quarter

Consumers stocked up on board games, not Barbie dolls, amid the coronavirus pandemic, sending Mattel's sales in the first quarter tumbling.




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Peloton sales surge 66%, as more people buy bikes during coronavirus pandemic; shares jump

Peloton's revenue surged 66% during the fiscal third quarter, as more people purchased its fitness equipment and tuned into its live classes, to try to break a sweat while stuck at home during the coronavirus pandemic.




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‘Tebowing’ Bows to ‘Gronking’

Last week all we (me) could talk about was Tim Tebow. Then he ran into Tom Brady.




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ECB ruling: German court can only check core of domestic constitution, analyst says

Volker Wieland, endowed chair of monetary economics at the Institute for Monetary and Financial Stability, discusses the impending verdict on whether the ECB's public sector purchase program is legal under German law.




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Today's market composition doesn't reflect who is leading the rally, fund manager says

Guy de Blonay, fund manager for global equities at Jupiter Asset Management, discusses investing amid the coronavirus crisis.




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Protecting health and safety of citizens must come first, Spanish minister says

Spanish Minister of Foreign Affairs, the European Union and Cooperation Arancha Gonzalez discusses Spain's current state of emergency.




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Europe has scope to strengthen relationship with China, Spanish minister says

Spanish Minister of Foreign Affairs, the European Union and Cooperation Arancha Gonzalez discusses the coronavirus crisis.




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Seeing spike in demand for sedatives and painkillers, Fresenius CFO says

Rachel Empey, CFO of Fresenius, outlines how the healthcare firm's earnings are being impacted by the coronavirus crisis.




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Working to ensure we emerge stronger from coronavirus crisis, Solvay CEO says

Ilham Kadri, CEO of Solvay, discusses the chemicals company's first-quarter earnings.




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Croatia brings new coronavirus infections down to single digits

Croatian Prime Minister Andrej Plenkovic discusses the EU's response to the Covid-19 pandemic and how the country has handled the crisis.




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Coronavirus an 'unbelievable' challenge for hospitality sector, IHG CEO says

Keith Barr, CEO of InterContinental Hotels Group, discusses the impact of the coronavirus pandemic on the company.




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Expecting recovery from coronavirus to be L-shaped, strategist says

Stephen Isaacs, chairman of the investment committee at Alvine Capital Management, discusses the market recovery from the coronavirus crisis.




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Seeing opportunities in UK-listed companies, strategist says

Dan Kemp, CIO of Morningstar Investment Management EMEA, discusses the U.K. economy.




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Long-term economic scarring should justify further easing from Bank of England, economist says

Fabrice Montagne, chief U.K. economist at Barclays, discusses the U.K. economy.




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Strong nutrition business lifted first-quarter earnings, DSM co-CEO says

Geraldine Matchett, co-CEO of DSM, discusses the company's first-quarter earnings.




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It's been a challenging quarter, ING CFO says

Tanate Phutrakul, CFO of ING, discusses the lender's first-quarter earnings.




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Expecting to see earnings trough in the third quarter, Siemens CEO says

Siemens CEO Joe Kaeser discusses the impact of the coronavirus pandemic on the company's earnings.




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'Buyer beware' at this point — it's going to be a grind from here, strategist warns

Hani Redha, multi-asset portfolio manager at PineBridge Investments, discusses investing amid the coronavirus crisis.




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German court ruling on ECB bond buying 'laughable,' Societe Generale chair says

Lorenzo Bini Smaghi, chairman of Societe Generale and former member of the ECB's executive board, discusses the German constitutional court's call for the European Central Bank to justify its bond-buying program.




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ECB has responded well to German court ruling, former ECB vice president says

Vitor Constancio, former vice president of the ECB, discusses the German constitutional court's ruling on the European Central Bank's bond-buying program.




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Apple Watch challenges

CNBC's Morgan Brennan and Tom's Guide Reviews Editor Mike Prospero discuss some of the challenges Apple Watch could face in the wearable device market.




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Paying with a selfie? Alibaba's testing it out

CNBC's Morgan Brennan and Tom's Guide Editor-in-Chief Mark Spoonauer discuss whether Alibaba's facial recognition payment system could actually be popular among consumers.




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Pebble Watch funding hits milestone

CNBC's Morgan Brennan and Tom's Guide Editor-in-Chief Mark Spoonauer talk about Pebble's place in the smart watch market.




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Retire well: Salary saving tips

CNBC's Sharon Epperson breaks down salary saving tips for workers in different age groups, helping to lead them to the road to wealth.




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Seven things you never knew about Scrabble

In honor of Scrabble Day, CNBC has compiled the most important numbers on the world-popular board game. Did you known approximately 150 million sets have been sold worldwide?




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Reid: Ban this sport before boxing

CNBC's John Harwood asks Harry Reid about his boxing days.




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Crowdsourcing your bottom line

Internet lingerie startup "Adore Me" aims to disrupt the U.S. lingerie market. One strategy their using, is to crowdsource the designs they bring to market.




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Picking the best credit card for you

CNBC's Landon Dowdy highlights four guidelines to help you pick the best credit card.




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The current global slowdown is going to have a long tail, strategist says

James Morton, CIO at Santa Lucia Asset Management, discusses the prospect of a recovery from the coronavirus pandemic, saying the downturn will last for a while.




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HSBC results were unsurprising given economic fallout from coronavirus, says analyst

HSBC's first-quarter earnings were not surprising given the global economic fallout of the coronavirus pandemic, says Filippo Alloatti, senior credit analyst at Federated Hermes. He also discusses the bank's decision to suspend share buybacks and dividend payouts for now.




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The coronavirus crisis is 'accelerating' the need for economic transformation: Citi

Miguel Azevedo of Citi discusses the coronavirus pandemic's impact on Middle Eastern nations, mergers and acquisitions, and economic activity in the Muslim holy month of Ramadan.




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Analyst looking to build portfolios that will 'last the next decade'

BNP Paribas Asset Management's Paul Sandhu discusses his 2020 equity strategy and finding opportunity amidst the current volatility in markets.




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Andrew Forrest on using business power to fight Australia's coronavirus crisis

With ten million test kits now secured by the Mindaroo Foundation and its business partners, Australia will have the "abundant capacity" to test widely for infections to "end the virus, not the economy," says Andrew Forrest, the foundation's co-founder and chairman, and former CEO of Fortescue Metals Group.




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Earnings will get a massive hit this year from the coronavirus hit: Portfolio Manager

Steven Glass of Pengana International Fund says there is a wide disconnect between fundamentals and market moves and we are currently witnessing a bear-market rally.




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Lower interest rates are the biggest headwind this year, says CEO of Singapore's largest bank

The Federal Reserve's "big cuts" to its policy rates will eventually lead to lower interest rates in Singapore, says Piyush Gupta, chief executive of DBS Group Holdings.




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Things could look worse for latest US recession: Former Fed special advisor

With the United States in a "very, very severe recession" given the coronavirus outbreak, the Fed will have to continue being a "lender of last resort" and use appropriate monetary policy to ensure sufficient liquidity in the economy, says Andrew Levin, professor of economics at Dartmouth College and a former special advisor to the Federal Open Market Committee (FOMC).




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Oil, Covid-19 shock will not be a capital event for GCC banks: S&P Global Ratings

Given the "strong profitability" of banks in the Gulf Cooperation Council countries, the oil price shock and the coronavirus pandemic are unlikely to deplete their capital base, says Mohamed Damak of S&P Global Ratings.




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Expect lockdown exit to be a long-drawn process, strategist says

Eli Lee from Bank of Singapore says that investors must realize that the speed of coming out of coronavirus lockdowns will be nowhere near the pace at which we entered it.




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Stem cell treatment for coronavirus symptoms being trialed in the UAE

Dr. Fatima al-Kaabi of the Sheikh Khalifa Medical City discusses a stem cell treatment currently being tested for its efficacy in alleviating coronavirus symptoms, and the easing of the lockdown in the UAE.




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Trump is playing the coronavirus 'blame game' with China ahead of the 2020 election: OCBC

The Trump Administration has attacked China over its handling of the coronavirus pandemic. Vasu Menon of OCBC warns tensions between Washington and Beijing could pick up even further, heading into the 2020 election.




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Egypt has been 'pushing forward' structural reforms amid virus crisis, says minister

Egypt has been implementing structural reforms in an "expedited fashion" and widening social safety nets to people who are vulnerable in light of the coronavirus outbreak, says Rania Al-Mashat, Egypt's minister of international cooperation.