ai Responsibility for coronavirus precautions at airports is a 'game of hot potato' By www.cnbc.com Published On :: Wed, 06 May 2020 13:42:20 GMT As government authorities and airlines think about coronavirus health screenings, it isn't clear who's in charge of carrying out new policies. Full Article
ai When will we start traveling again? Here's what experts are saying By www.cnbc.com Published On :: Tue, 05 May 2020 16:39:17 GMT While the experts acknowledged that they didn't have a crystal ball, they all agreed that it would take around 18 to 24 months before there's a significant spike in demand and the industry begins to return to normal levels. In the meantime, the travel industry will undergo some very big changes. Full Article
ai Airbnb to lay off nearly 1,900 people, 25% of company By www.cnbc.com Published On :: Tue, 05 May 2020 21:39:00 GMT Airbnb plans to lay off as many as 1,900 employees, or about 25% of the company, a source confirmed to CNBC on Tuesday. Full Article
ai United Airlines service workers' union sues over schedule cuts after carrier got federal aid By www.cnbc.com Published On :: Wed, 06 May 2020 11:52:14 GMT United fleet and passenger service workers are suing the airline over a planned cut to their hours, saying it violates their contract and the law providing billions in coronavirus aid from the government. Full Article
ai United Airlines makes some worker schedule cuts voluntary after outcry, lawsuit from union By www.cnbc.com Published On :: Wed, 06 May 2020 16:44:35 GMT United is walking back some worker schedule cuts, making them voluntary, after a lawsuit from the employees' union Full Article
ai Airbnb's future is uncertain as it continues to struggle through its Covid-19 response By www.cnbc.com Published On :: Wed, 06 May 2020 15:00:02 GMT Airbnb is one of the many businesses in the travel industry that has been hit hard by the coronavirus pandemic. In March of 2017, Airbnb was valued at $31 billion, but by the end of April 2020 that value dropped to $18 billion. With the threat of more cancelations as the pandemic halts travel, guests, hosts and investors alike are left asking what Airbnb will look like after the novel coronavirus, or whether the company will survive at all. Full Article
ai Airlines want relief from flying near-empty planes as passenger numbers hit lowest since the 1950s amid virus By www.cnbc.com Published On :: Wed, 06 May 2020 21:42:13 GMT Airlines want the government to loosen the amount of air service they're required to provide as the number of passengers on board hits the lowest since the 1950s. Full Article
ai Frontier Airlines becomes first US airline to institute temperature checks By www.cnbc.com Published On :: Fri, 08 May 2020 14:19:31 GMT The travel landscape continues to evolve during the coronavirus pandemic. CNBC's Phil LeBeau reports the details about temperature checks for airline passengers. Full Article
ai NYC had to move more than 250 homeless people out of subways to disinfect trains By www.cnbc.com Published On :: Wed, 06 May 2020 17:32:06 GMT More than 250 homeless people were moved out of New York City subway trains, as the city's subway system closed early Wednesday to begin its first scheduled shutdown to help prevent the spread of the coronavirus. Full Article
ai Russia posts record daily new coronavirus cases, UK economy could shrink 14% this year By www.cnbc.com Published On :: Thu, 07 May 2020 11:58:00 GMT Russia reported 11,231 additional cases of the coronavirus disease to bring the country's tally to 177,160 since the outbreak. Full Article
ai Millions of 'easy-to-use' coronavirus tests will be available by end of summer, top US health official says By www.cnbc.com Published On :: Thu, 07 May 2020 18:16:18 GMT Americans need coronavirus tests "that do not require hours or days to determine results," the head of the NIH tells Congress. Full Article
ai Why you should create a 5-year money plan even when the future is uncertain By www.cnbc.com Published On :: Thu, 07 May 2020 17:35:15 GMT Studies have found that the pre-trip planning can be the most enjoyable part of a vacation. Applied to your finances, that could mean there is great joy to be had in planning out how you will buy a home one day, or how much you'll need to splurge on a bucket list trip. Full Article
ai Why Kevin O'Leary would have said no to Tesla on 'Shark Tank' By www.cnbc.com Published On :: Thu, 07 May 2020 19:13:15 GMT Here's why investor Kevin O'Leary would have passed on Elon Musk in the early days. Full Article
ai When will hospitals and doctors' offices be open for normal business again? Here's what health experts think By www.cnbc.com Published On :: Thu, 07 May 2020 17:48:21 GMT Hospitals are looking for ways to re-open their doors to patients in a way that limits their risk of exposure. Full Article
ai Uber shares shoot up after CEO says ride volume is increasing again after April bottom By www.cnbc.com Published On :: Thu, 07 May 2020 22:15:45 GMT Uber reported first-quarter earnings on Thursday, and while the company lost $2.9 billion during the quarter, the stock rose after hours on optimistic comments from CEO Dara Khosrowshahi. Full Article
ai Apple is reportedly starting to build some of its AirPods in Vietnam By www.cnbc.com Published On :: Fri, 08 May 2020 17:13:07 GMT About 30% of the company's classic AirPods will be produced in Vietnam rather than China, the Nikkei Asian Review reported. Full Article
ai Tesla secures $565 million loan for Shanghai factory By www.cnbc.com Published On :: Fri, 08 May 2020 22:45:23 GMT Electric carmaker Tesla has entered into an agreement for a working capital loan of up to 4 billion yuan ($565.51 million) with a lender from China for its Shanghai car plant, according to a regulatory filing on Friday. Full Article
ai The US wind industry installed over 1,800 megawatts in first quarter, but the coronavirus remains a risk By www.cnbc.com Published On :: Thu, 30 Apr 2020 14:05:03 GMT The renewable energy sector is being affected by the coronavirus in a number of ways. Full Article
ai In Sweden, hydrogen has been used to heat steel in a bid to boost sustainability By www.cnbc.com Published On :: Fri, 01 May 2020 08:53:46 GMT Hydrogen was used instead of liquefied petroleum gas. Full Article
ai Saudi Arabia hit with Moody's downgrade, prepares for 'painful' measures — but can likely weather the storm By www.cnbc.com Published On :: Mon, 04 May 2020 16:25:57 GMT "We must reduce budget expenditures sharply," the Saudi finance minister said over the weekend. "Saudi finances need more discipline and the road ahead is long." Full Article
ai Bioplastics developer raises $133 million in new funding in quest to replace single-use plastics By www.cnbc.com Published On :: Tue, 05 May 2020 10:00:02 GMT RWDC Industries, which makes a sustainable material solution that can be used as a substitute for plastic, raised $133 million in Series B funding. Full Article
ai Oil surges 20%, posts fifth straight day of gains for first time since July By www.cnbc.com Published On :: Tue, 05 May 2020 18:41:50 GMT Oil prices jumped on Tuesday in their fifth straight day of gains as traders eyed demand recovery as economies reopen. Full Article
ai Oil reverses gains and turns negative as supply glut weighs By www.cnbc.com Published On :: Wed, 06 May 2020 12:20:18 GMT Oil moved between gains and losses on Wednesday amid hopes for a recovery in demand as some countries ease coronavirus lockdowns, while oversupply fears continued to weigh. Full Article
ai Oil jumps on China export bounce but long-term outlook remains weak By www.cnbc.com Published On :: Thu, 07 May 2020 11:28:17 GMT Oil prices jumped on Thursday on news that China's exports unexpectedly rose last month, and on the back of U.S. output cuts and the slow return of some activity in Europe. Full Article
ai Oil drops nearly 2%, erasing earlier gain of more than 11% By www.cnbc.com Published On :: Thu, 07 May 2020 18:51:18 GMT Oil prices reversed gains to settle lower on Thursday, despite optimism surrounding producers scaling back production as well as demand improving. Full Article
ai Oil jumps 5%, posts second straight week of gains By www.cnbc.com Published On :: Fri, 08 May 2020 19:00:14 GMT Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick up. Full Article
ai Media networks have paid billions for sports they won't receive this year — but the fighting for refunds hasn't started yet By www.cnbc.com Published On :: Thu, 02 Apr 2020 19:01:15 GMT Media networks have paid billions for live sports that they aren't going to broadcast this year. But nobody's pressing the issue yet, as the cable industry is focused on survival. Full Article
ai Instagram announces new features for small businesses including gift cards, food orders and fundraisers By www.cnbc.com Published On :: Wed, 15 Apr 2020 15:43:52 GMT Starting Wednesday in the U.S. and Canada, Instagram users can tap on a gift card or food order to make a purchase through a company's site. Fundraisers created by a business or its supporter open on Facebook. Full Article
ai NBCUniversal's Peacock has a buffer against ad slowdown with launch partners — here's why they signed up By www.cnbc.com Published On :: Tue, 21 Apr 2020 17:57:05 GMT Peacock is soft-launching as streaming hours are up, but advertisers are pulling and decreasing spend. Full Article
ai Nordstrom is preparing to reopen its stores. Here's what the retailer is changing By www.cnbc.com Published On :: Tue, 05 May 2020 17:55:40 GMT Nordstrom is preparing to reopen some of its department stores, following the lead of Macy's, offering a glimpse at how shopping will be different coming out of the coronavirus pandemic. Full Article
ai Men's shirt retailer Untuckit taps real estate restructuring firm to renegotiate deals during coronavirus By www.cnbc.com Published On :: Tue, 05 May 2020 21:59:41 GMT The move by Untuckit comes as a number of retailers are looking to renegotiate deals with their landlords, or shut stores entirely, as the Covid-19 pandemic has forced doors temporarily shut to try to curb the spread of the virus. Full Article
ai Luxury retailer Neiman Marcus files for bankruptcy as it struggles with debt and coronavirus fallout By www.cnbc.com Published On :: Thu, 07 May 2020 17:49:40 GMT The luxury department store chain had been struggling with competition from online rivals and dwindling cash before the pandemic. Full Article
ai The meat supply chain is broken. Here's why shortages are likely to last during the coronavirus pandemic By www.cnbc.com Published On :: Thu, 07 May 2020 19:39:57 GMT Challenges with the country's meat supply chain will likely linger as long as the coronavirus pandemic does causing periodic shortages. Full Article
ai Coronavirus mortgage bailout program grows again as more homeowners delay payments By www.cnbc.com Published On :: Fri, 01 May 2020 14:33:57 GMT Applications to the government's mortgage bailout program have been swelling at a rate of about half a million a week. Full Article
ai 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 By www.cnbc.com Published On :: Wed, 06 May 2020 06:56:01 GMT 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. Full Article
ai Mall owner Brookfield will spend $5 billion to save retailers By www.cnbc.com Published On :: Thu, 07 May 2020 17:06:25 GMT Property and mall owner Brookfield Asset Management is targeting spending $5 billion to help struggling retailers, as the retail industry reels from the coronavirus pandemic, the company announced Thursday. Full Article
ai Mortgage bailout swells to 4.1 million borrowers, but demand is slowing By www.cnbc.com Published On :: Fri, 08 May 2020 14:50:20 GMT In the past week, 225,000 more borrowers took advantage of government and bank mortgage forbearance programs, according to data firm Black Knight. Full Article
ai Shanghai Disneyland tickets sellout for opening day, signaling pent up demand for theme parks By www.cnbc.com Published On :: Fri, 08 May 2020 15:14:27 GMT It seems Chinese consumers aren't afraid to return to theme parks. Tickets for Monday's reopening of Shanghai Disney sold out within minutes. Full Article
ai Rural retail chain owner Stage Stores prepares for bankruptcy that could come as soon as next week By www.cnbc.com Published On :: Fri, 08 May 2020 20:45:19 GMT Stage Stores has about 700 department stores predominately in small towns and rural communities. It employed roughly 13,600 full-time and part-time employees as of February. Full Article
ai Booking Holdings CEO says a coronavirus vaccine is needed to make travelers feel safe again By www.cnbc.com Published On :: Fri, 08 May 2020 22:35:06 GMT Even as economies start to reopen, Booking Holdings CEO Glenn Fogel said the travel industry will take years to recover to pre-coronavirus levels. Full Article
ai The Fed may provide more details on the policy 'bazooka' it fired to help markets By www.cnbc.com Published On :: Tue, 28 Apr 2020 23:17:37 GMT The Fed is not expected to adjust rates but it could provide details on the unprecedented moves it has made to fight the virus impact. Full Article
ai Pending home sales tank nearly 21% in March, but Realtors claim prices will hold up By www.cnbc.com Published On :: Wed, 29 Apr 2020 14:58:35 GMT Home sales took a deep dive in March as the coronavirus pandemic shut down much of the economy, and homebuyers and sellers pulled out of the normally busy spring market. Full Article
ai 8-month 'structured lockdowns' could halve economic damage from the coronavirus, research claims By www.cnbc.com Published On :: Wed, 29 Apr 2020 14:36:19 GMT 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. Full Article
ai US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks By www.cnbc.com Published On :: Thu, 30 Apr 2020 19:46:43 GMT Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total to 30.3 million as part of the worst employment crisis in U.S. history Full Article
ai Fed Vice Chair Clarida says more support may be needed, but economy to rebound next quarter By www.cnbc.com Published On :: Tue, 05 May 2020 22:07:16 GMT "More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," Clarida told CNBC. Full Article
ai Hydroxychloroquine fails to help hospitalized coronavirus patients in US funded study By www.cnbc.com Published On :: Fri, 08 May 2020 00:34:28 GMT Hydroxychloroquine, a decades-old malaria drug touted by President Donald Trump, didn't appear to help hospitalized patients with Covid-19, according to a new observational study. Full Article
ai Trump says coronavirus tests are 'overrated,' but he will get tested daily By www.cnbc.com Published On :: Thu, 07 May 2020 22:03:27 GMT 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. Full Article
ai California Gov. Gavin Newsom unveils health guidelines for retailers and manufacturers to reopen starting Friday By www.cnbc.com Published On :: Fri, 08 May 2020 01:09:46 GMT 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. Full Article
ai California identifies nail salons as source of coronavirus community spread, Gov. Newsom says By www.cnbc.com Published On :: Fri, 08 May 2020 15:21:23 GMT Unlike some other states that have announced reopenings, California nail salons won't be allowed to reopen until the state's phase 3. Full Article
ai Frontier Airlines to check passenger temperatures. Too high, you won't fly By www.cnbc.com Published On :: Thu, 07 May 2020 22:43:27 GMT Before boarding, passengers and crew members will have their temperatures checked at the gate. If someone registers a temperature of 100.4 or higher, they will be kept at the gate. Full Article