re 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
re 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
re 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
re These experts think Tesla's in a better position than other US automakers to survive the recession By www.cnbc.com Published On :: Sat, 09 May 2020 13:30:01 GMT The coronavirus pandemic has crushed the global economy, and a recession is inevitable in the U.S. as the Federal Reserve warns the second quarter will be much worse than Q1. The auto industry has been hit particularly hard as car sales tank. But here is why some experts say that Tesla is better off than other U.S. automakers to get through this downturn. Full Article
re Ex-TARP watchdog says Washington is to blame for large companies receiving small business loans By www.cnbc.com Published On :: Thu, 30 Apr 2020 22:27:05 GMT "I mean, Congress went out of its way to carve out businesses that have more than 500 employees but are restaurants, chain restaurants," ex-TARP watchdog Neil Barofsky told CNBC. Full Article
re 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
re 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
re 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
re How Latino small business owners are keeping their businesses running during coronavirus By www.cnbc.com Published On :: Sun, 03 May 2020 14:46:10 GMT Latino entrepreneurs are among the majority of small business owners directly impacted by the economic fallout. Full Article
re Small business confidence crashes, revealing more Main Street carnage may lie ahead By www.cnbc.com Published On :: Tue, 05 May 2020 03:26:40 GMT Main Street confidence hit a record low in the Q2 2020 CNBC Small Business Survey, with the coronavirus causing a majority of entrepreneurs to fear permanent changes, including bankruptcy. Full Article
re 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
re Answers to your biggest questions about US stimulus programs for Covid-19 relief By www.cnbc.com Published On :: Tue, 05 May 2020 21:13:34 GMT The $2.2 trillion CARES Act has provided several programs to help combat the widespread economic fallout of the coronavirus pandemic, but Americans are still confused. Senior Personal Finance Correspondent Sharon Epperson provides the answers. Full Article
re 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
re 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
re Klobuchar, Warren urge FTC to take more steps to help small businesses avoid coronavirus scams By www.cnbc.com Published On :: Wed, 06 May 2020 20:16:19 GMT Amy Klobuchar and Elizabeth Warren raise concerns about scammers taking advantage of business owners seeking aid during the coronavirus. Full Article
re 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
re Here's why restaurants reopening could be good news for summer jobs By www.cnbc.com Published On :: Fri, 08 May 2020 20:03:20 GMT Prior to the pandemic, a historically tight labor market was pushing employers to get creative to find and keep talent. Now, it's enhanced unemployment benefits that are causing a challenge. Full Article
re 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
re 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
re This pregnant Goldman Sachs trader says Wall Street will never be the same after the coronavirus By www.cnbc.com Published On :: Fri, 01 May 2020 15:18:54 GMT After the coronavirus pandemic forced traders to work from home, Wall Street has gone virtual, leaning on tech platforms like Symphony and Zoom. Full Article
re 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
re 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
re 'Togetherness kills' — Cramer looks at stocks that will continue to suffer as social distancing remains By www.cnbc.com Published On :: Tue, 05 May 2020 16:13:07 GMT "Social distancing is going to be the answer why you have to sell certain stocks," CNBC's Jim Cramer said Tuesday. Full Article
re Cargo carriers reap rewards of coronavirus chaos By www.cnbc.com Published On :: Thu, 07 May 2020 21:01:11 GMT Cargo carriers have become a hot corner of the airline industry as airlines idle planes to face the coronavirus pandemic Full Article
re Cryptocurrency market jumps by over $13 billion driven by bitcoin as major technical event approaches By www.cnbc.com Published On :: Fri, 08 May 2020 05:45:03 GMT A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors. Full Article
re Longtime bull Jeremy Siegel: March coronavirus swoon in stocks 'definitely going to be the low' By www.cnbc.com Published On :: Fri, 08 May 2020 17:47:26 GMT "I think 2021 could be a boom year. With the liquidity that the Fed is adding, unprecedented. It could be a really good year," the Wharton School professor told CNBC on Friday. Full Article
re Tesla shares are up more than 7% since Elon Musk said the stock was 'too high' By www.cnbc.com Published On :: Fri, 08 May 2020 20:06:38 GMT Shares of Tesla closed down 10.3% last Friday on CEO Elon Musk's tweet, but have quickly recovered those losses and added much more. Full Article
re BCG: 65% of investors more bearish on the economy than just a month ago By www.cnbc.com Published On :: Mon, 27 Apr 2020 08:37:26 GMT Hady Farag of Boston Consulting Group discusses the firm's latest investor pulse check survey, including how many believe we'll need at least $1-$2 trillion of additional fiscal stimulus to support the economy through the coronavirus pandemic. Full Article
re Emons: The stock rally appears to be driven by three types of economies By www.cnbc.com Published On :: Mon, 27 Apr 2020 10:24:12 GMT Ben Emons of Medley Global Advisors discusses the opportunities investors can find among companies operating in the "new economy", such as tech and healthcare, and those in a "return to normal" environment, such as entertainment, leisure and hospitality. Full Article
re 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
re 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
re Wieting: There is some visibility that six months from now economic activity will be higher than it is now By www.cnbc.com Published On :: Mon, 27 Apr 2020 10:47:00 GMT Steven Wieting of Citi Private Bank discusses whether the equity markets may be running ahead of themselves, given the many still-unknowns surrounding the COVID-19 pandemic. Full Article
re Denver restaurant group owner: We're still unsure of what "reopening" looks like in this new reality By www.cnbc.com Published On :: Mon, 27 Apr 2020 10:51:28 GMT Frank Bonanno, the owner of the Bonanno Concepts restaurant group in Denver, discusses how the industry will attempt to reopen gradually Colorado lifts some lockdown measures, including transforming the dining experience. Full Article
re Georgia small business owner: We won't be reopening yet, as it's too early and unsafe By www.cnbc.com Published On :: Mon, 27 Apr 2020 11:01:03 GMT Vince Villavalzo, owner of the Mystic Owl tattoo parlor in the Atlanta metro area, discusses his decision not to reopen his business, even as the state of Georgia attempts to reopen some of its economy. Full Article
re Stutland: Would rather buy the oil producers themselves than trust the commodity futures contract or ETF By www.cnbc.com Published On :: Wed, 29 Apr 2020 10:29:38 GMT Brian Stutland of Equity Armor Investments discusses the complexities of trading directly in the commodities market, especially with ETFs that track oil futures contracts. Full Article
re Jablonski: There's a big difference between the economic outlook and what the markets are doing By www.cnbc.com Published On :: Wed, 29 Apr 2020 10:33:12 GMT Sylvia Jablonski of Direxion discusses the disconnect between real economic conditions on the ground and how the markets are reacting amid the COVID-19 pandemic. Full Article
re Jefferies: Boeing may have to shore up about another $15 billion in capital at some point By www.cnbc.com Published On :: Wed, 29 Apr 2020 10:33:35 GMT Sheila Kahyaoglu of Jefferies discusses the biggest issues facing Boeing right now, with much of production still halted due to the coronavirus pandemic. Full Article
re Stew Leonard: There is going to be a meat shortage in the U.S. By www.cnbc.com Published On :: Wed, 29 Apr 2020 10:34:47 GMT Stew Leonard Jr., the CEO of the Northeast supermarket chain Stew Leonard's, discusses President Trump's order for meat processing plants to stay open, even despite concerns about coronavirus cases in some of those facilities. Full Article
re Rystad Energy: Global crude storage capacity may reach the top in about 3-4 weeks By www.cnbc.com Published On :: Wed, 29 Apr 2020 10:57:23 GMT Bjørnar Tonhaugen of Rystad Energy discusses what could potentially happen to oil prices when the U.S. and the world is projected to run out of viable physical storage capacity, potentially sometime in May. Full Article
re Campbell: Odds of some type of government support for oil industry are rising By www.cnbc.com Published On :: Thu, 30 Apr 2020 10:24:16 GMT Chris Campbell of Duff & Phelps discusses the likelihood of a bipartisan deal to support the U.S. oil and gas industry, which has been battered by the demand destruction caused by the coronavirus. Full Article
re Why one of the nation's largest car dealers says sales have been improving in recent weeks By www.cnbc.com Published On :: Fri, 01 May 2020 10:45:16 GMT Bryan DeBoer, CEO of car dealer Lithia Motors, discusses how auto sales have trended during the COVID-10 pandemic, and how the company has adapted to accommodate potential car buyers, including home delivery and pickup. Full Article
re Realtor.com: Sharp drop in new listings in April, increase in time it takes to sell a home By www.cnbc.com Published On :: Tue, 05 May 2020 10:29:09 GMT Realtor.com chief economist Danielle Hale discusses the firm's latest housing trends report, including whether demand for home buying will return this summer if the U.S. can effectively contain the coronavirus pandemic. Full Article
re Dwek: It's great we're restarting, but the level of growth we're going to get is nothing close to what he had pre-crisis By www.cnbc.com Published On :: Tue, 05 May 2020 10:29:15 GMT Esty Dwek of Natixis Investment Managers discusses market reaction to plans by U.S. states and some countries to reopen their economies, and whether stocks may be pricing in too much optimism. Full Article
re Tannebaum: Businesses are treading cautiously to stay within the confines of the conditions of the PPP By www.cnbc.com Published On :: Tue, 05 May 2020 10:31:42 GMT Daniel Tannebaum of Oliver Wyman discusses the liability issues companies who participate in the Paycheck Protection Program face, and how the government should continue to refine the legislation. Full Article
re Horsburgh: Markets could still have a setback, while still maintaining a relatively optimistic outlook By www.cnbc.com Published On :: Wed, 06 May 2020 10:04:42 GMT Tim Horsburgh of Invesco discusses why there seems to be such a disconnect between the weak economic data and the market's positive moves. Full Article
re 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
re Serhant: Buyers are starting to come back to the New York City real estate market By www.cnbc.com Published On :: Wed, 06 May 2020 10:17:19 GMT Ryan Serhant of The Serhant Team and Nest Seekers International, and cast member on Bravo's "Million Dollar Listing NY," discusses the state of the New York City real estate market, and how residents are waiting out the pause caused by the coronavirus pandemic. Full Article
re Hali: Shoppers will be hesitant to go back to large stores unless they make some changes By www.cnbc.com Published On :: Thu, 07 May 2020 10:18:52 GMT Jane Hali, retail analyst and CEO of Jane Hali & Associates, discusses how the industry has to adapt to changes in consumer buying habits brought on by the coronavirus pandemic, and which chains may emerge stronger, and which could go away. Full Article
re Verrone: The leaders are still the leaders in this market By www.cnbc.com Published On :: Fri, 08 May 2020 10:54:39 GMT Chris Verrone of Strategas says the market fundamentals are stronger than many people suspect, even as it's still difficult to reconcile stock performance with the dismal economic picture. Full Article
re Why one host is striking back at Airbnb by building her own direct booking website By www.cnbc.com Published On :: Fri, 08 May 2020 10:55:30 GMT Polina Raygorodskaya, the co-founder and CEO of direct booking site Wanderu, discusses her and other hosts' frustration with Airbnb policies, and why she decided to build her own site in an effort to diversify her business. Full Article