business and finance 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
business and finance 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
business and finance AT&T president says consumer behavior will be fundamentally changed from coronavirus By www.cnbc.com Published On :: Wed, 01 Apr 2020 20:53:12 GMT "We're going to return to a different economic environment. We're going to return to different business models," AT&T President and COO John Stankey told CNBC. Full Article
business and finance With Hollywood on hiatus, studios are bracing for fights with insurers over coronavirus losses By www.cnbc.com Published On :: Thu, 09 Apr 2020 13:44:04 GMT Allianz, which is one of the main insurers for entertainment companies, estimates that Hollywood studios paid $400 million in premiums last year to cover "unforeseeable events." Now the bill is coming due. Full Article
business and finance LinkedIn offers to connect job-seekers with essential businesses for free By www.cnbc.com Published On :: Thu, 09 Apr 2020 21:29:30 GMT In the wake of COVID-19 shutting down broad swaths of the economy, LinkedIn is ditching the core engine of its business model to help people connect with jobs at no cost. Full Article
business and finance UK TV watchdog 'assessing' popular daytime show over comments on 5G-coronavirus conspiracy theories By www.cnbc.com Published On :: Wed, 15 Apr 2020 07:57:27 GMT Ofcom is looking into a popular morning show after its presenter made comments about baseless conspiracy theories linking Covid-19 to 5G. Full Article
business and finance 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
business and finance 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
business and finance 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
business and finance Online education company Coursera offers unemployed workers thousands of free courses By www.cnbc.com Published On :: Fri, 24 Apr 2020 13:59:37 GMT Unemployed workers are gaining free access to 3,800 courses created by elite universities and companies such as Amazon to learn skills and gain professional certificates for new job opportunities. Full Article
business and finance Hollywood's small businesses in crisis as coronavirus shuts everything down By www.cnbc.com Published On :: Sat, 25 Apr 2020 00:58:08 GMT Of the 5,900 businesses in Hollywood, 99.5% have less than 500 employees, and over 90% have fewer than 10 employees. Many are being forced to layoff or furlough employees as the coronavirus pandemic drags on. Full Article
business and finance Pop radio in decline, streaming on the rise: How the coronavirus is changing what we listen to By www.cnbc.com Published On :: Wed, 29 Apr 2020 17:39:12 GMT Instead of car radio, people calling on digital assistants like Amazon's Alexa and Apple's Siri to fire up some music while they cook. Full Article
business and finance 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
business and finance Designers are now making fashion face masks and people can even buy a Billie Eilish one By www.cnbc.com Published On :: Tue, 05 May 2020 15:32:16 GMT A raft of fashion labels are now making non-medical masks to sell to consumers, including band t-shirt maker Bravado, which has made Rolling Stones, Queen and Ariana Grande versions. Full Article
business and finance 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
business and finance 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
business and finance Kroger CEO: Customers will have meat during the coronavirus pandemic, so long as they are 'flexible' By www.cnbc.com Published On :: Wed, 06 May 2020 16:03:28 GMT The supermarket chain executive said Kroger is working with new meat suppliers and diverting meat that would have gone to restaurants to try to stay in stock. Full Article
business and finance Gap plans to reopen 800 stores by the end of May By www.cnbc.com Published On :: Wed, 06 May 2020 19:02:38 GMT Gap Inc. is preparing to reopen 800 of its apparel shops by the end of May, as states such as Texas and South Carolina slowly begin to lift lockdown restrictions that were put into place due to the coronavirus pandemic. Full Article
business and finance 'Today's norm to tomorrow's everyday routines,' CVS CEO says the pandemic will change customers' shopping, health-care habits By www.cnbc.com Published On :: Wed, 06 May 2020 22:22:22 GMT The health-care company's chief executive, Larry Merlo, said trends that emerged during the pandemic, such as use of telemedicine and prescription delivery to the home, may continue to be popular. Full Article
business and finance 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
business and finance Kohl's CEO: Our real estate is an asset emerging from the coronavirus pandemic By www.cnbc.com Published On :: Thu, 07 May 2020 15:19:06 GMT Kohl's announced Thursday morning that it plans to have 25% of its stores reopened by next week. Full Article
business and finance Target in talks to boost its same-day delivery ambitions by buying pieces of startup Deliv By www.cnbc.com Published On :: Thu, 07 May 2020 16:23:35 GMT The aspect of the technology that interests Target is its ability to pool multiple orders and route them to a similar place, NBC News reports. Full Article
business and finance 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
business and finance Stocks making the biggest moves midday: Lyft, Peloton, PayPal, Grubhub, T-Mobile & more By www.cnbc.com Published On :: Thu, 07 May 2020 20:11:27 GMT Check out the companies making headlines in midday trading. Full Article
business and finance 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
business and finance Wealthy New Yorkers are fleeing to the suburbs, driving up prices By www.cnbc.com Published On :: Wed, 29 Apr 2020 16:48:51 GMT CNBC's Robert Frank takes a look at how the luxury real estate market is changing during the coronavirus pandemic. Full Article
business and finance Fed holds rates near zero — here's what that means for you By www.cnbc.com Published On :: Wed, 29 Apr 2020 18:26:11 GMT For everyday Americans with good credit, historically low interest rates on mortgages and credit cards can be a lifesaver. Riskier borrowers will have to look elsewhere for relief. Full Article
business and finance She fled coronavirus-stricken Brooklyn to live in Oklahoma: 'You're just in this survival mode' By www.cnbc.com Published On :: Thu, 30 Apr 2020 16:28:37 GMT Lindsey Marvel, 38, moved to New York because, she said, "I'm literally going big or going home." Now she's going home to Tulsa, Oklahoma. The effect that Covid-19 has had not just on her personal life, but on the city she loves, was simply too much. Full Article
business and finance Coronavirus: Wealthy New Yorkers flee Manhattan for suburbs and beyond By www.cnbc.com Published On :: Thu, 30 Apr 2020 17:26:47 GMT Brokers say buyers and renters coming from the city are asking for the same thing: more space and more distance from neighbors and crowds. Full Article
business and finance New Jersey homeowners are getting some property tax relief. Here's what that means By www.cnbc.com Published On :: Thu, 30 Apr 2020 17:40:27 GMT Garden State homeowners may get a little more time to pay property taxes to their municipalities. An executive order gives cash-strapped residents a break but puts stress on localities' budgets. Full Article
business and finance Fleeing NYC for Oklahoma: 'You're just in this survival mode' By www.cnbc.com Published On :: Thu, 30 Apr 2020 18:19:04 GMT CNBC's Diana Olick reports on a woman's tough decision to flee Brooklyn, New York for Oklahoma. Full Article
business and finance 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
business and finance 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
business and finance Homeowners should grab this emergency lifeline before it dries up By www.cnbc.com Published On :: Fri, 01 May 2020 19:52:49 GMT Wells Fargo and JPMorgan Chase are temporarily halting applications for home equity lines of credit. If other lenders follow suit, it could mean that homeowners will miss out on an emergency source of funding. What you should know. Full Article
business and finance Covid-19 is forcing mortgage and rent delays By www.cnbc.com Published On :: Fri, 01 May 2020 19:18:58 GMT Mortgage and rent payments for the month of May are now due. CNBC's Diana Olick reports on how many Americans are unable to pay as the coronavirus crisis continues. Full Article
business and finance I just refinanced my mortgage, despite coronavirus. Here's what I learned By www.cnbc.com Published On :: Wed, 06 May 2020 13:28:29 GMT Two months after applying for a new loan, I closed on April 27. The process was painless, but some things were worth noting for those exploring an online mortgage or refinance during coronavirus. Full Article
business and finance Coronavirus will shrink US home prices by 2-3% nationally, Zillow forecasts, but deeper dive could be in store By www.cnbc.com Published On :: Tue, 05 May 2020 18:00:31 GMT Home prices have only fallen nationally once since the Great Depression, and that was after the subprime mortgage crisis and the Great Recession. Now, barely eight years after hitting bottom, and after a mighty recovery, prices are predicted to fall nationally again, down 2-3% this year, according to Zillow. Full Article
business and finance Ousted WeWork CEO Adam Neumann is suing SoftBank — Here's why By www.cnbc.com Published On :: Tue, 05 May 2020 14:21:13 GMT Founder and former CEO of WeWork Adam Neumann is suing SoftBank, the company's biggest investor. CNBC's Deidre Bosa reports. Full Article
business and finance Here's what homeowners need to know about forbearances By www.cnbc.com Published On :: Tue, 05 May 2020 17:58:33 GMT CNBC's Diana Olick breaks down what homeowners need to know about mortgage forbearances. Full Article
business and finance 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
business and finance Weekly mortgage applications show real recovery in homebuying, as interest rates set another record low By www.cnbc.com Published On :: Thu, 07 May 2020 00:12:50 GMT Homebuyers appear to be heading slowly back into the market, as the coronavirus-stricken economy begins to reopen. Full Article
business and finance Struggling to pay your mortgage? Here's how to get help By www.cnbc.com Published On :: Thu, 07 May 2020 13:31:16 GMT If you have been financially impacted by Covid-19 and are worried about paying your mortgage, you could consider applying for forbearance. Under the Cares Act, struggling homeowners can either reduce or pause payments on a federally backed mortgage loan. Many private lenders are also offering relief. Full Article
business and finance Consumer confidence in housing falls to lowest level since the subprime crash By www.cnbc.com Published On :: Thu, 07 May 2020 16:17:26 GMT The economic free fall from Covid-19 is taking its toll on what had been strong housing demand just a few months ago. Full Article
business and finance 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
business and finance NYC real estate market under pressure as coronavirus pandemic halts sales By www.cnbc.com Published On :: Fri, 08 May 2020 10:54:30 GMT New York City is the nation's largest real estate market, and the pandemic has caused a number of deals to go bust. CNBC's Robert Frank reports. Full Article
business and finance Hilton is in a good position to withstand the coronavirus: Macquarie By www.cnbc.com Published On :: Fri, 08 May 2020 13:56:27 GMT As the travel and tourism industry struggles with the fallout from the coronavirus, Chad Beynon of Macquarie explains why Hilton's franchise business model makes it resilient in this challenging environment. Full Article
business and finance 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
business and finance NFL teams seeing high early ticket demand despite Covid-19, agency SeatGeek says By www.cnbc.com Published On :: Fri, 08 May 2020 17:42:17 GMT The Las Vegas Raiders, Los Angeles Rams and Tampa Bay Buccaneers are among the most in-demand teams, while demand for Patriots tickets is way down, according to ticket volume data provided by SeatGeek. Full Article
business and finance Stocks making the biggest moves midday: Tesla, Uber, MGM Resorts & more By www.cnbc.com Published On :: Fri, 08 May 2020 17:16:30 GMT Check out the companies making headlines in midday trading on Friday. Full Article
business and finance By www.cnbc.com Published On :: Fri, 08 May 2020 17:30:53 GMT The response to COVID-19 has sent workers home in unprecedented numbers, opening up a future that includes a lot more remote work. Managers and employees are pioneering new daily routines, conducting business entirely by video, messaging, file sharing and email. Full Article