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WeWork's Adam Neumann once said he had a 'beautiful relationship' with SoftBank's Masa Son; now he calls out 'abuse of power' in lawsuit filing

In the lawsuit, Neumann accuses Softbank of backing out of a key provision of its nearly $10 billion bailout agreed to in October. Neumann was the biggest beneficiary of the deal that would have seen him cash out $970 million worth of his stake in the coworking startup.




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Stocks making the biggest moves midday: Tesla, Uber, MGM Resorts & more

Check out the companies making headlines in midday trading on Friday.




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Shanghai Disneyland tickets sellout for opening day, signaling pent up demand for theme parks

It seems Chinese consumers aren't afraid to return to theme parks. Tickets for Monday's reopening of Shanghai Disney sold out within minutes.




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Millions can't access unemployment benefits so actual job losses are likely greater than data shows

The number of Americans who have lost their jobs during the coronavirus pandemic could be even bleaker than official government data suggests.




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8-month 'structured lockdowns' could halve economic damage from the coronavirus, research claims

Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the face of Covid-19 was "extremely risky" for developed economies.




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Fed Vice Chair Clarida says more support may be needed, but economy to rebound next quarter

"More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," Clarida told CNBC.




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Trump says coronavirus tests are 'overrated,' but he will get tested daily

The new daily testing policy for the president and the people in his circle comes hours after the White House acknowledged that a personal valet for Trump tested positive for Covid-19.




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California Gov. Gavin Newsom unveils health guidelines for retailers and manufacturers to reopen starting Friday

California Gov. Gavin Newsom announced on Thursday a list of health guidelines that retailers, manufacturers and warehouses must adopt to begin offering curbside pick-up as early as Friday.




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Spain reports uptick in daily coronavirus deaths; Australia plans reopening in 3 stages

Spain saw 229 new deaths related to Covid-19, up from 213 the day before.




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5 things to know before the stock market opens Friday

Stock futures rise as traders look past the jobs collapse and take comfort in new promises from U.S. and China trade negotiators.




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Melinda Gates says US coronavirus response is 'chaos,' gives Trump administration a D-minus grade

Melinda Gates, co-chairman of the Bill & Melinda Gates Foundation, gave President Donald Trump's administration a "D-minus" on its handling of the coronavirus pandemic, criticizing lack of leadership on both national and international levels.




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Russia's Victory Day celebrations pared back; Spain's daily coronavirus death tolls falls

Russia marks the 75th anniversary of Soviet victory over Nazi Germany in World War Two on Saturday, but the coronavirus outbreak means that celebrations have been pared back massively.




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Is GM doing enough damage control?

James Albertine, Vice President, Automotive at Stifel Equity Research, discusses CEO Mary Barra's efforts to change how GM handles recalls.




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Markets have priced in bad economic data, but not trade tensions: Strategist

Markets are unlikely to react to bad economic data in the second quarter, says Brian Belski of BMO Capital Markets, adding that any volatility seen near-term will be from a resurgence in U.S.-China trade tensions.




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5 things to know before the stock market opens Thursday

Dow futures drop Thursday after another avalanche of weekly jobless claims and a crush of earnings.




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Elon Musk's lavish LA mansions appear to be listed for sale days after billionaire pledged to 'own no house'

The homes have a combined value of $39.5 million.




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5 things to know before the stock market opens Wednesday

Dow futures trimmed earlier gains as U.S. oil prices turned lower after a five-session winning streak.




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Tesla's Fremont plant will resume 'limited operations' on Friday

The plant will bring back around 30% of employees normally working on a shift.




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A 'discouraged' Terrell Davis almost ditched his first NFL season: 'The only way you really fail is to quit'

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.'




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Liu: For everyday investors, it's important to focus on the light at the end of the tunnel

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.




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Dow falls for the first time in 3 days, drops more than 200 points

The Dow fell as investors weighed the prospects of reopening the economy along with a dismal payrolls report.




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China tourism revenue drops nearly 60% in first major holiday since coronavirus outbreak

During the Labor Day holiday that ran from May 1 to May 5 this year, China recorded tourism revenue of 47.56 billion yuan ($6.79 billion), down nearly 60% from last year, according to the Ministry of Culture and Tourism.




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Stock market live Wednesday: Tech stocks rise, Dow falls 200, GDP -18%?

A converstation about the latest market-moving news, including oil's six-day rally and expectations of reopening the economy.




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Fed's James Bullard says the jobs report on Friday will be one of the worst ever

Bullard's comments came minutes before ADP reported that private payrolls shed more than 20 million jobs in April amid coronavirus shutdowns.




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Here's what happened to the stock market on Wednesday

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.




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Stock market live Thursday: Nasdaq positive for the year, tech strength continues, Dow jumps 200

A conversation about the latest market-moving news, including a surge in oil prices and the latest unemployment data.




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Here's what happened to the stock market on Thursday

The tech-heavy Nasdaq clawed back all of its 2020 losses as tech shares added to their recent gains.




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Stock market live Friday: Record job losses, investors focused on reopening, Dow gains 450

A conversation about the latest market-moving news, including the upcoming jobs report.




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Here's what happened to the stock market on Friday

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.




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Payroll processor ADP CEO says hiring data indicate the jobs market has begun to 'stabilize'

After weeks of record unemployment claims across the country, "we have seen a couple of indicators of some bottoming," ADP CEO Carlos Rodriguez told CNBC.




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Jim Cramer on Wednesday's rally: 'Remdesivir is just what the doctor ordered'

"This drug makes a big difference, especially if you were worried about a second wave of infections after we reopened the economy," the "Mad Money" host said.




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'It was suddenly Cyber Monday' — Etsy CEO says sales spiked 79% in April

"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.




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David Bowie dies at age 69

Rock legend David Bowie, who changed the face of music, endured a long battle with cancer.




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FDA gives emergency authorization for new antigen test to help detect coronavirus quicker and cheaper

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.




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CES will propel gains for tech investors, historical data shows

The Consumer Electronics Show, which kicked off Tuesday, could produce more gains for the tech sector, according to hedge fund trading tool Kensho. Historical data shows the VanEck Vectors Semiconductors ETF logs an average gain of nearly 1% during the four-day span of CES.




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History says Super Tuesday is last thing stock market needs right now

In periods leading up to Super Tuesday primaries that span a dozen states, stocks tends to sell off. That's not good news for a market already being tested by the coronavirus.




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NYSE readies itself for first ever all-electronic trading day

With the floor of the New York Stock Exchange closed as of Monday, trading will resume electronically.




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Wall Street traders adapt to working from home as business booms

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.




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Pandemic has companies dropping earnings guidance, and some say it should be nixed altogether

A growing number of companies has nixed earnings guidance amid the coronavirus pandemic, and some in the corporate world say they should be dropped permanently.




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5 things to know before the stock market opens Tuesday

Stock futures, in another volatile overnight session, were pointing to losses at Tuesday's open on Wall Street after the Dow's 5% comeback Monday.




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Stocks may be due for a near-term bounce after worst day since 1987, trader says

The U.S. stock market appears primed for upside that could last longer than recent bounces, says Miller Tabak chief market strategist Matt Maley.




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Warren Buffett's daughter reportedly self-quarantines after potential coronavirus exposure

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.




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5 things to know before the stock market opens Friday

Dow futures drop Friday after President Trump threatened new tariffs on China over the coronavirus outbreak.




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5 things to know before the stock market opens Monday

Dow futures drop Monday as U.S.-China tensions escalate over the coronavirus. Airline stocks fell after Warren Buffett's Berkshire Hathaway sold all its stakes in United, American, Southwest and Delta.




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Here's what happened to the stock market on Monday

The momentum in the biggest U.S. technology shares supported the broader market.




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Bear David Rosenberg believes Wall Street underestimating odds of another rate cut this year

Stocks flirt with record highs. Gluskin Sheff's David Rosenberg on the odds for another rate cut this year. With CNBC's Seema Mody and the Futures Now traders, Brian Stutland and Jim Iuorio, both at the CME.




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Wall Street is underestimating the odds of additional interest rate cuts, market bear David Rosenberg says

Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.




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Even if the Fed cuts rates to zero, market bear David Rosenberg predicts a recession is less than 12 months away

Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.




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Apple reports flat revenue and does not offer guidance because of coronavirus uncertainty

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.




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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.