ant Elon Musk: I am not the 'biggest fan' of Warren Buffett – but his job is 'important' By www.cnbc.com Published On :: Fri, 08 May 2020 19:10:28 GMT "Warren Buffett for example ... to be totally frank, I'm not his biggest fan, but he does a lot of capital allocation," Tesla CEO Elon Musk said on "The Joe Rogan Experience" podcast. "I mean, that's kind of a boring job if you ask me, but it's still a thing that's important to figure out." Full Article
ant Ad giant WPP pulls dividend, CEO 'very cautious' about the impact of virus on marketing budgets By www.cnbc.com Published On :: Tue, 31 Mar 2020 15:57:13 GMT The world's largest advertising group pulled its dividend and share buyback and withdrew guidance for 2020 on Tuesday, after clients cancelled marketing booked with the company due to the coronavirus crisis. Full Article
ant Why Disney is furloughing workers and the other media giants aren't By www.cnbc.com Published On :: Mon, 20 Apr 2020 23:01:03 GMT Parks and Resorts is Disney's largest division, responsible for 35% of its revenue in 2019. That reliance on gathering large groups of people in public lies at the heart of Disney's challenges right now.Dis Full Article
ant Nearly a fifth of Wendy's US restaurants are out of beef, analyst says By www.cnbc.com Published On :: Tue, 05 May 2020 14:12:25 GMT Stephens Inc. said its estimate is based on an analysis of online menus for every Wendy's location nationwide. Full Article
ant Trade groups representing PepsiCo, Procter & Gamble and others want guidance on factories from Pence By www.cnbc.com Published On :: Thu, 07 May 2020 16:30:09 GMT Trade groups representing the country's biggest consumer companies, including PepsiCo, Procter & Gamble and Clorox, wrote a letter to Vice President Mike Pence on Thursday urging federal guidance on how to safely manage their factory workers as states begin to reopen for business. Full Article
ant Landlords are worried increasingly fewer tenants will pay rent as coronavirus job losses mount By www.cnbc.com Published On :: Fri, 01 May 2020 16:32:15 GMT Rent is traditionally due on the first of the month, and with each passing month more tenants are becoming late on their payments. Full Article
ant Most 2020 swing state voters want more direct payments during coronavirus, CNBC/Change Research poll finds By www.cnbc.com Published On :: Wed, 06 May 2020 17:56:33 GMT Democrats are pushing for at least one more round of direct payments during the coronavirus crisis after many voters got $1,200 stimulus checks. Full Article
ant 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
ant 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
ant 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
ant 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
ant Elon Musk's F-bomb rant against lockdowns reflects 'growing sentiment,' says Dr. Scott Gottlieb By www.cnbc.com Published On :: Thu, 30 Apr 2020 17:10:50 GMT "That's going to tug against what the governors have to do," the former FDA chief told CNBC. "We still face a pretty big epidemic in this country." Full Article
ant Tesla CEO Elon Musk's coronavirus rant highlights just one of many hurdles automakers face in reopening plants By www.cnbc.com Published On :: Sat, 02 May 2020 14:01:01 GMT In reopening plants, automakers face worker safety issues and must abide by local mandates, which Tesla CEO Elon Musk highlighted earlier this week. Then there are more complex problems. Full Article
ant 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
ant 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
ant Mark Cuban says a lottery system is the only fair way to grant small business coronavirus loans By www.cnbc.com Published On :: Fri, 01 May 2020 14:28:17 GMT Cuban, who owns parts of many small businesses through "Shark Tank," also said owners should apply to multiple banks to boost their chances of getting relief. Full Article
ant 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
ant 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
ant 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
ant 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
ant Liu: For everyday investors, it's important to focus on the light at the end of the tunnel By www.cnbc.com Published On :: Thu, 30 Apr 2020 10:22:25 GMT James Liu of Clearnomics discusses whether the markets are pricing in a quicker economic recovery than some of the most-dire estimates, and jumping on any positive news it can get. Full Article
ant 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
ant 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
ant 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
ant Lloyd Blankfein says big companies should be 'very reluctant' to tap small business relief program By www.cnbc.com Published On :: Thu, 07 May 2020 19:26:39 GMT Blankfein may be speaking from experience: Goldman took $10 billion from the Treasury's Troubled Asset Relief Program in October 2008. Full Article
ant Estee Lauder CEO: 'Consumer finds a way to get the product they want,' as online sales grow double digits By www.cnbc.com Published On :: Fri, 01 May 2020 23:01:41 GMT "The consumer finds a way to get the product they want" and "found a way to buy our product online more than usual," Estee Lauder CEO Fabrizio Freda said. Full Article
ant Clorox CEO boosts ad spend by $50 million as disinfectant demand surges amid coronaviurs pandemic By www.cnbc.com Published On :: Wed, 06 May 2020 20:21:37 GMT "We're investing in future capacities so that we're better equipped to meet the demand in future surges," Clorox CEO Benno Dorer said. Full Article
ant Cramer's lightning round: 'If I really want solar, I want Tesla' By www.cnbc.com Published On :: Mon, 04 May 2020 23:20:59 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
ant Emergent Biosolutions CEO on Trump's wishes to develop a vaccine by year end — 'Nobody can guarantee anything' By www.cnbc.com Published On :: Tue, 05 May 2020 00:52:17 GMT "We're here ... doing everything we can to make sure that a vaccine and treatments are available as soon as possible," CEO Robert Kramer said. Full Article
ant Many restaurants would 'shut down completely' under Tennessee's reopening guidelines, Jim Cramer says By www.cnbc.com Published On :: Tue, 05 May 2020 22:57:31 GMT "These rules are safe and healthy for the customer, which is great, but there's simply no way most restaurants can possibly obey them without going right out of business," the "Mad Money" host said. Full Article
ant When will restaurants and bars reopen? Here's what experts are saying By www.cnbc.com Published On :: Fri, 08 May 2020 21:17:02 GMT The outlook for U.S. restaurants in the near term is bleak, dominated by massive unemployment and closures, but Asia may provide a path forward. Full Article
ant Bill Ackman looks to find another winner in restaurants, where his track record is perfect By www.cnbc.com Published On :: Sat, 09 May 2020 12:02:05 GMT Pershing Square made six previous investments in this industry and has never lost money on any of them. Full Article
ant FDA gives emergency authorization for new antigen test to help detect coronavirus quicker and cheaper By www.cnbc.com Published On :: Sat, 09 May 2020 15:00:39 GMT There is a higher chance of false negatives with an antigen test and a negative result may need to be confirmed with an additional PCR test prior to further treatments. Full Article
ant Warren Buffett's daughter reportedly self-quarantines after potential coronavirus exposure By www.cnbc.com Published On :: Mon, 16 Mar 2020 06:08:58 GMT Susie Buffett sat next to someone who had just returned from a trip to Spain and subsequently rested positive for COVID-19, the Omaha World-Herald reported. Full Article
ant 'If you're a shareowner in Amazon, you may want to take a seat' — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response By www.cnbc.com Published On :: Tue, 05 May 2020 18:43:02 GMT Amazon will invest heavily in Covid-19 testing for its employees. Full Article
ant Restaurant Brands' Popeyes sales surge, while Tim Hortons misses estimates By www.cnbc.com Published On :: Fri, 01 May 2020 16:05:40 GMT Restaurant Brands said on Friday comparable sales at its Popeyes fast-food chain surged 26.2%, surpassing Wall Street expectations, powered by demand for its popular chicken sandwiches. Full Article
ant Tenet Healthcare warns of significant Covid-19 impact in the second quarter By www.cnbc.com Published On :: Tue, 05 May 2020 10:37:06 GMT Tenet Healthcare warned of a significant hit from the Covid-19 pandemic in the current quarter, even as the hospital operator's quarterly profit beat estimates due to a tax benefit from the coronavirus stimulus bill. Full Article
ant SAS CFO says airline should be granted government support amid pandemic By www.cnbc.com Published On :: Wed, 06 May 2020 09:43:59 GMT Torbjorn Wist, CFO of SAS, discusses the airline's position in the coronavirus crisis and its seeking of state aid to support the company through the pandemic. Full Article
ant Ericsson wants to block iPhone sales in the US By www.cnbc.com Published On :: Fri, 27 Feb 2015 16:40:33 GMT Apple faces more infringement lawsuits, this time with patent holder Ericsson, which seeks damages and an injunction to block iPhone and iPad sales. Full Article
ant Google's antitrust probe heats up By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT European Commission may be preparing for formal case against Google, according to The Wall Street Journal. Full Article
ant 'All we want is reciprocity' with China: US State Dept By www.cnbc.com Published On :: Mon, 04 May 2020 08:39:20 GMT Morgan Ortagus, spokesperson for the U.S. State Department, discusses the relationship between America and China. She says the U.S. "has really woken up to the threat" that the Communist Party of China poses to "our allies and our interests and our friends." Full Article
ant Op-Ed: Cancer surgeries and organ transplants are being put off for coronavirus By www.cnbc.com Published On :: Wed, 08 Apr 2020 20:18:05 GMT In a given month, more than a million people have some kind of surgery. The elective procedures being postponed because of coronavirus aren't all optional. Cancer patients and organ recipients are being forced to wait. Full Article
ant Op-Ed: Local bars and restaurants face extinction because of coronavirus – and government needs to step up By www.cnbc.com Published On :: Mon, 04 May 2020 21:10:39 GMT Independent bars and restaurants found some relief in the Paycheck Protection Program, which offers low interest, short-term loans with the potential of forgiveness. That is not nearly enough, writes author and bar owner Derek Brown. Full Article
ant Chinese tech giant Tencent reportedly surveilled foreign users of WeChat to help censorship at home By www.cnbc.com Published On :: Sat, 09 May 2020 10:38:19 GMT Chinese internet giant Tencent has been surveilling content posted by foreign users on its wildly popular messaging service WeChat in order to help it refine censorship on its platform at home, according to a new report. Full Article
ant Britain could quarantine incoming travelers for 14 days, report suggests By www.cnbc.com Published On :: Sat, 09 May 2020 09:38:44 GMT 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. Full Article
ant Cramer: Coronavirus could propel plant-based Beyond Meat into a giant like Amazon or Facebook By www.cnbc.com Published On :: Thu, 07 May 2020 15:10:26 GMT Plant-based protein is not a passing fad, CNBC's Jim Cramer said. Full Article
ant Grant Thornton's Swonk: I fear how many layoffs will become permanent By www.cnbc.com Published On :: Fri, 08 May 2020 16:05:25 GMT Diane Swonk of Grant Thornton and Brent Schutte of Northwestern Mutual join "Squawk on the Street" to discuss the latest jobs numbers and economic fallout of the coronavirus pandemic. Full Article
ant Pharma giants granted coronavirus approvals but doubts remain on manufacturing a global vaccine By www.cnbc.com Published On :: Mon, 04 May 2020 11:23:14 GMT Experts warn that vaccine timelines look ambitious and argue more thought is needed on manufacturing. Full Article
ant Virgin Atlantic cuts more than 3,000 jobs to mitigate 'devastating' coronavirus impact By www.cnbc.com Published On :: Tue, 05 May 2020 13:41:53 GMT Virgin Atlantic announced it will cut 3,150 jobs, becoming the airline to announce a reduction in headcount because of the coronavirus crisis. Full Article
ant Regulators want to make it easier for Americans to buy risky investments By www.cnbc.com Published On :: Fri, 20 Dec 2019 17:14:28 GMT The SEC proposed a rule that would expand the pool of so-called accredited investors, who are permitted to buy investments such as private equity, hedge funds, venture capital funds and stock in start-ups. Full Article