business and finance

Elon Musk interrupts NASA-SpaceX call during question about his coronavirus views: 'Move on'

SpaceX CEO Elon Musk unexpectedly spoke up during a NASA conference call on Thursday




business and finance

Wells Fargo will no longer accept applications for home equity lines of credit

Banks have been retreating from loans tied to housing as the coronavirus pandemic impacts home values and the creditworthiness of borrowers.




business and finance

Stocks just posted their best month in decades, yet most of Wall Street hates this rally

"History tells us that the odds of another deep decline are very, very high," one strategist said.




business and finance

This pregnant Goldman Sachs trader says Wall Street will never be the same after the coronavirus

After the coronavirus pandemic forced traders to work from home, Wall Street has gone virtual, leaning on tech platforms like Symphony and Zoom.




business and finance

NASA's billions of investment in SpaceX have been 'very beneficial,' agency chief says

NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk's SpaceX have been well worth it.




business and finance

Carl Icahn, who's made a large bulk of his fortune in energy, has a new play in the industry

Icahn's next energy bet could pay off through a takeover or a rebound in oil prices.




business and finance

Rocket Lab CEO: The space industry is entering at least 'a year and a half slog' due to coronavirus

Rocket Lab CEO Peter Beck told CNBC that the impact of the coronavirus crisis on the space industry is in "early days," as he expects a tough environment for at least 18 more months.




business and finance

Putting the economy back together again: What the future holds for Americans

After the coronavirus pandemic passes, life will continue in many regards, but nothing will be the same and the economy won't return to the way it was, not for a long time.




business and finance

Jim Cramer says Buffett's sale of airline stocks makes him 'very concerned about the near term'

Cramer said that he viewed Buffett bailing on airlines as a sign that there were serious issues in the broader economy.




business and finance

Cramer says Trump can't raise tariffs on China with 30 million unemployed: 'That is 1932'

Cramer warned that the U.S. economy may be too weak to handle another trade spat with China and discouraged Trump from imposing new tariffs.




business and finance

Retail investors bought airline stocks even as travel slowed to a trickle, TD Ameritrade says

"I don't think you're buying these thinking that that business is coming back immediately," TD Ameritrade chief market strategist JJ Kinahan told CNBC.




business and finance

'Togetherness kills' — Cramer looks at stocks that will continue to suffer as social distancing remains

"Social distancing is going to be the answer why you have to sell certain stocks," CNBC's Jim Cramer said Tuesday.




business and finance

Cramer says the plant-based meat 'movement is happening' and investors better 'get on the bus'

"This is not blockbuster drug, but watch this trend. I think it's very exciting for investors," CNBC's Jim Cramer said Wednesday.




business and finance

Cargo carriers reap rewards of coronavirus chaos

Cargo carriers have become a hot corner of the airline industry as airlines idle planes to face the coronavirus pandemic




business and finance

Cryptocurrency market jumps by over $13 billion driven by bitcoin as major technical event approaches

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.




business and finance

Longtime bull Jeremy Siegel: March coronavirus swoon in stocks 'definitely going to be the low'

"I think 2021 could be a boom year. With the liquidity that the Fed is adding, unprecedented. It could be a really good year," the Wharton School professor told CNBC on Friday.




business and finance

Tesla shares are up more than 7% since Elon Musk said the stock was 'too high'

Shares of Tesla closed down 10.3% last Friday on CEO Elon Musk's tweet, but have quickly recovered those losses and added much more.




business and finance

BCG: 65% of investors more bearish on the economy than just a month ago

Hady Farag of Boston Consulting Group discusses the firm's latest investor pulse check survey, including how many believe we'll need at least $1-$2 trillion of additional fiscal stimulus to support the economy through the coronavirus pandemic.




business and finance

Emons: The stock rally appears to be driven by three types of economies

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.




business and finance

Bankrate: Americans are still grappling with the enormity of the economic crisis related to the virus pandemic

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.




business and finance

NYT: EU bows to pressure to soften criticism of how the Chinese government pushed disinformation about the coronavirus

New York Times reporter Matt Apuzzo discusses his piece on how Beijing moved to tamp down criticism from the West over its response to the coronavirus pandemic.




business and finance

Wieting: There is some visibility that six months from now economic activity will be higher than it is now

Steven Wieting of Citi Private Bank discusses whether the equity markets may be running ahead of themselves, given the many still-unknowns surrounding the COVID-19 pandemic.




business and finance

Denver restaurant group owner: We're still unsure of what "reopening" looks like in this new reality

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.




business and finance

Georgia small business owner: We won't be reopening yet, as it's too early and unsafe

Vince Villavalzo, owner of the Mystic Owl tattoo parlor in the Atlanta metro area, discusses his decision not to reopen his business, even as the state of Georgia attempts to reopen some of its economy.




business and finance

Stutland: Would rather buy the oil producers themselves than trust the commodity futures contract or ETF

Brian Stutland of Equity Armor Investments discusses the complexities of trading directly in the commodities market, especially with ETFs that track oil futures contracts.




business and finance

Jablonski: There's a big difference between the economic outlook and what the markets are doing

Sylvia Jablonski of Direxion discusses the disconnect between real economic conditions on the ground and how the markets are reacting amid the COVID-19 pandemic.




business and finance

Jefferies: Boeing may have to shore up about another $15 billion in capital at some point

Sheila Kahyaoglu of Jefferies discusses the biggest issues facing Boeing right now, with much of production still halted due to the coronavirus pandemic.




business and finance

Stew Leonard: There is going to be a meat shortage in the U.S.

Stew Leonard Jr., the CEO of the Northeast supermarket chain Stew Leonard's, discusses President Trump's order for meat processing plants to stay open, even despite concerns about coronavirus cases in some of those facilities.




business and finance

Rystad Energy: Global crude storage capacity may reach the top in about 3-4 weeks

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.




business and finance

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.




business and finance

Campbell: Odds of some type of government support for oil industry are rising

Chris Campbell of Duff & Phelps discusses the likelihood of a bipartisan deal to support the U.S. oil and gas industry, which has been battered by the demand destruction caused by the coronavirus.




business and finance

Wedbush's Kulina: The key for big tech earnings has been signs of stabilization in April

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.




business and finance

Lesko: The COVID-19 pandemic has basically been a gift to Amazon

Tim Lesko of Granite Investment Advisors says it's hard to imagine a better backdrop for Amazon, with the surge in online sales during the virus outbreak, and as for Apple, expectations weren't very high for iPhone sales this year, even before the pandemic.




business and finance

Morganlander: Would be a buyer in the markets right now of higher quality companies

Chad Morganlander of Washington Crossing Advisors discusses the factors behind the market's snap-back in April, and which stocks could continue to lead during the uncertainty from the virus pandemic.




business and finance

Why one of the nation's largest car dealers says sales have been improving in recent weeks

Bryan DeBoer, CEO of car dealer Lithia Motors, discusses how auto sales have trended during the COVID-10 pandemic, and how the company has adapted to accommodate potential car buyers, including home delivery and pickup.




business and finance

Realtor.com: Sharp drop in new listings in April, increase in time it takes to sell a home

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.




business and finance

Dwek: It's great we're restarting, but the level of growth we're going to get is nothing close to what he had pre-crisis

Esty Dwek of Natixis Investment Managers discusses market reaction to plans by U.S. states and some countries to reopen their economies, and whether stocks may be pricing in too much optimism.




business and finance

Tannebaum: Businesses are treading cautiously to stay within the confines of the conditions of the PPP

Daniel Tannebaum of Oliver Wyman discusses the liability issues companies who participate in the Paycheck Protection Program face, and how the government should continue to refine the legislation.




business and finance

Emanuel: The market has tried to take bad economic news in stride

Julian Emanuel of BTIG discusses whether health data related to the virus pandemic has become the market's new economic data.




business and finance

Horsburgh: Markets could still have a setback, while still maintaining a relatively optimistic outlook

Tim Horsburgh of Invesco discusses why there seems to be such a disconnect between the weak economic data and the market's positive moves.




business and finance

Top-ranked Barron's advisor on investment strategies amid the coronavirus outbreak and market volatility

Greg Sarian, CEO of Sarian Strategic Partners and one of Barron's Top 100 Advisors, says investors should prepare for more volatility, and discusses some tax strategies to employ as stock prices are still lower.




business and finance

Serhant: Buyers are starting to come back to the New York City real estate market

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.




business and finance

UBS' Hodulik: Disney's next quarter is going to be dramatically worse than Q1

John Hodulik, telecom analyst at UBS, talks Disney's first-quarter results.




business and finance

Maley: It's going to be tough for the markets to rally much further

Matt Maley of Miller Tabak discusses how the markets appear to be driven by a small number of stocks, and says narrow markets are usually followed by further declines.




business and finance

Hali: Shoppers will be hesitant to go back to large stores unless they make some changes

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.




business and finance

Verrone: The leaders are still the leaders in this market

Chris Verrone of Strategas says the market fundamentals are stronger than many people suspect, even as it's still difficult to reconcile stock performance with the dismal economic picture.




business and finance

Why one host is striking back at Airbnb by building her own direct booking website

Polina Raygorodskaya, the co-founder and CEO of direct booking site Wanderu, discusses her and other hosts' frustration with Airbnb policies, and why she decided to build her own site in an effort to diversify her business.




business and finance

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.




business and finance

Wharton's Jeremy Siegel declares end to the 40-year bull market in bonds

Wharton finance professor Jeremy Siegel expects the interest rate on bonds and inflation to significantly rise over the next several years.




business and finance

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.