ap 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
ap 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
ap Will Japan's tax hike re-enact 1997 slump? By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Nicholas Smith, Japan Strategist at CLSA, says a different economic condition in Japan right now will help it to avert the recession which occurred in 1997 after the implementation of a sales tax hike. Full Article
ap Singapore aims for sustainable measures in 'long fight' against the coronavirus: Minister By www.cnbc.com Published On :: Wed, 06 May 2020 03:08:55 GMT Singapore needs sustainable measures in its "prolonged battle" against the coronavirus, so that the country can ease out of its "circuit breaker" period to resume normal activities safely, says Lawrence Wong, second minister for finance, minister for national development and co-chair of the multi-ministry taskforce on Covid-19. Full Article
ap 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
ap Singapore is not yet halfway through its coronavirus outbreak, says minister By www.cnbc.com Published On :: Wed, 06 May 2020 06:15:02 GMT Migrant workers living dormitories have accounted for around 87.6% of Singapore's total 19,410 confirmed cases as of Tuesday, according to the health ministry. Full Article
ap April job losses will be three times those from the GFC: Economist By www.cnbc.com Published On :: Fri, 08 May 2020 01:07:06 GMT Gregory Daco of Oxford Economics says he expects the U.S. unemployment rate to go up to 17% in April, reflecting a loss in income that will weigh on consumer spending and subsequent economic recovery. Full Article
ap Stock markets could still relapse on coronavirus worries: JPMorgan By www.cnbc.com Published On :: Fri, 08 May 2020 02:23:21 GMT Investors should be prepared for a potential stock market relapse and that they are not solely invested in the United States, says David Kelly, chief global strategist for JPMorgan Asset Management. He suggests exploring countries in East Asia, which will likely exit the coronavirus crisis faster than Europe or the U.S. Full Article
ap Why Renaissance Capital is cautious on Kingsoft's 'growth-at-all-costs' model By www.cnbc.com Published On :: Fri, 08 May 2020 02:50:48 GMT While there has been "quite a bit of interest" in Kingsoft Cloud's IPO filing, investors should be cautious about the high-growth tech company operating on negative margins and the generally poor performance of Chinese IPOs, says Kathleen Smith, founding principal of Renaissance Capital. Full Article
ap 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
ap 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
ap Elon Musk's lavish LA mansions appear to be listed for sale days after billionaire pledged to 'own no house' By www.cnbc.com Published On :: Thu, 07 May 2020 00:16:37 GMT The homes have a combined value of $39.5 million. Full Article
ap Subway CEO defends franchise owners who applied for coronavirus small business loans By www.cnbc.com Published On :: Wed, 29 Apr 2020 19:10:43 GMT "We literally have 10,700 franchisees in the U.S., and on average they own two restaurants apiece," Subway CEO John Chidsey told CNBC. Full Article
ap 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
ap 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
ap 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
ap 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
ap 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
ap 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
ap 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
ap 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
ap 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
ap Wedbush's Kulina: The key for big tech earnings has been signs of stabilization in April By www.cnbc.com Published On :: Thu, 30 Apr 2020 10:44:05 GMT Joel Kulina of Wedbush Securities discusses the key takeaways from Facebook, Microsoft and Tesla's earnings reports, and whether big tech companies may largely get a pass for a downturn in business in the latter part of Q1. Full Article
ap 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
ap Here's what happened to the stock market on Wednesday By www.cnbc.com Published On :: Wed, 06 May 2020 21:36:06 GMT The Dow and S&P 500 closed lower on Wednesday as investors weighed the potential of the U.S. economy reopening amid more dismal employment data. Full Article
ap 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
ap 'Bubble' stocks like Beyond Meat and Peloton were supposed to blow up, but the opposite happened By www.cnbc.com Published On :: Fri, 08 May 2020 11:37:07 GMT Bubble-like tech stocks remain among the biggest winners this year, and their strength pushed the Nasdaq Composite into positive territory on Thursday. Full Article
ap Here's what happened to the stock market on Thursday By www.cnbc.com Published On :: Thu, 07 May 2020 20:47:04 GMT The tech-heavy Nasdaq clawed back all of its 2020 losses as tech shares added to their recent gains. Full Article
ap Here's what happened to the stock market on Friday By www.cnbc.com Published On :: Fri, 08 May 2020 20:09:22 GMT Stocks rose sharply even after the ugliest monthly jobs report on record as investors bet the worst of the coronavirus and its impact on the economy has passed. Full Article
ap 'It was suddenly Cyber Monday' — Etsy CEO says sales spiked 79% in April By www.cnbc.com Published On :: Thu, 07 May 2020 23:11:00 GMT "When the CDC changed its [face mask] guidelines ... we all of a sudden saw overwhelming amounts of demand come on to our site," Etsy CEO Josh Silverman told CNBC. Full Article
ap Virus hits Trump's inner circle, unemployment rivals Great Depression: This week's recap and our best reads By www.cnbc.com Published On :: Sat, 09 May 2020 14:37:36 GMT The U.S. shed a record number of jobs in April, Trump's personal valet tests positive for virus: This weeks news recap and our best reads. Full Article
ap 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
ap Strategist Jim Paulsen: The stock market 'oozes panic' and appears near a bottom By www.cnbc.com Published On :: Wed, 11 Mar 2020 17:37:49 GMT "I would start to nip away at it on these kind of down days that we have," the Leuthold chief investment strategist said Wednesday. Full Article
ap Mark Cuban, Leonardo DiCaprio, and ARod go 'all in' to fight hunger caused by coronavirus By www.cnbc.com Published On :: Wed, 15 Apr 2020 19:46:45 GMT The #AllInChallenge from Fanatics founder Michael Rubin has enlisted celebrities and sports stars including Leonardo DiCaprio, ARod and Mark Cuban to fight COVID-19 food insecurity. Full Article
ap Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go up By www.cnbc.com Published On :: Thu, 23 Apr 2020 14:55:40 GMT The Omega Family Office chairman and CEO said on CNBC's "Squawk Box" that taxes will need to go up regardless of who wins the upcoming presidential election. Full Article
ap Traders recap scary week on Wall Street and see more wild times ahead By www.cnbc.com Published On :: Fri, 28 Feb 2020 22:57:08 GMT Traders on the floor of the New York Stock Exchange swapped stories all week about the extreme trading conditions they witnessed. Full Article
ap Traders grapple to find the bottom as Dow enters bear market territory with S&P 500 not far behind By www.cnbc.com Published On :: Wed, 11 Mar 2020 21:58:23 GMT The S&P 500 is in bear market territory but it's difficult to predict a market bottom. Typical metrics do not apply in this very unusual situation. Full Article
ap Here's what would happen if coronavirus forces the NYSE to close its trading floor By www.cnbc.com Published On :: Fri, 13 Mar 2020 15:47:56 GMT The New York Stock Exchange is prepared for the possibility that someone working on its trading floor may contract coronavirus. Full Article
ap Wall Street traders adapt to working from home as business booms By www.cnbc.com Published On :: Thu, 26 Mar 2020 10:35:56 GMT Trading firms had two main concerns about traders working from home: Would the technology work and would traders be able to effectively interact with each other and their clients. So far, traders are adapting. Full Article
ap Here's a full recap of Warren Buffett's newsmaking comments at Berkshire Hathaway's annual meeting By www.cnbc.com Published On :: Mon, 04 May 2020 11:42:34 GMT Buffett made a lot of news at Berkshire's first virtual annual meeting on Saturday, including revealing that he sold all his airline stocks. Full Article
ap Here's what happened to the stock market on Monday By www.cnbc.com Published On :: Mon, 04 May 2020 21:58:05 GMT The momentum in the biggest U.S. technology shares supported the broader market. Full Article
ap Buyers appear to be 'calling the bottom' in the JETS airline ETF, market analyst says By www.cnbc.com Published On :: Mon, 04 May 2020 21:30:39 GMT As airline stocks tumble, investors in the U.S. Global Jets ETF (JETS) seem to betting on a further bailout for the group, says market researcher Dave Nadig. Full Article
ap Steve Grasso breaks down why he bought Snap shares after earnings By www.cnbc.com Published On :: Tue, 29 Oct 2019 20:00:54 GMT Steve Grasso, managing director of Institutional Trading at Stuart Frankel & Co., picked Snap Inc. as his last chance trade on CNBC's "Closing Bell." Full Article
ap Global growth will benefit after coronavirus: Bokeh Capital Partners CIO By www.cnbc.com Published On :: Wed, 19 Feb 2020 19:40:17 GMT Kim Forrest, founder and chief investment officer at Bokeh Capital Partners, and David Ellison, portfolio manager at Hennessy Funds, join 'The Exchange' to discuss markets. Full Article
ap The Week That Was: 20.5 million jobs lost in April, unemployment near 15% By www.cnbc.com Published On :: Fri, 08 May 2020 20:43:29 GMT CNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories. Full Article
ap Post-Market Wrap: May 08, 2020 By www.cnbc.com Published On :: Fri, 08 May 2020 21:10:30 GMT CNBC brings you fast, accurate, and actionable business news and market updates. Full Article
ap United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemic By www.cnbc.com Published On :: Thu, 30 Apr 2020 22:27:15 GMT United Airlines had reported a first-quarter pretax loss earlier this month. Full Article
ap Apple now has $192.8 billion in cash on hand, down from last quarter By www.cnbc.com Published On :: Thu, 30 Apr 2020 21:15:08 GMT Apple has continuously hosted one of the largest cash piles among U.S. companies, but is facing pressure from the Covid-19 pandemic. Full Article
ap Apple reports flat revenue and does not offer guidance because of coronavirus uncertainty By www.cnbc.com Published On :: Thu, 30 Apr 2020 21:52:54 GMT Apple did not issue guidance for the quarter ending in June, as it usually does. The company withdrew guidance for its second-quarter in February as the Covid-19 coronavirus spread in China. Full Article
ap DuPont doubles cost-savings target, slashes capital expenses By www.cnbc.com Published On :: Tue, 05 May 2020 12:03:38 GMT 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. Full Article