x

Gold is exhibiting an untidy uptrend and traders should be cautious

Gold has the potential to breakout above the critical long term resistance level near $1,364 and move towards $1,550, according to Daryl Guppy.




x

The dollar is set to be on the rebound, expect a potentially fast rally

The key question now is about the strength of the pullback for the dollar, and the potential to develop a new rebound rally, according to Daryl Guppy.




x

Traders are carefully watching for gold's next move

The strongest historical support level for gold is near $1,210 and traders will prepare for a potential rebound from there, writes Daryl Guppy.




x

'The fabric of America is being destroyed.' Why this ex-Trump official says student debt needs to be canceled

"The fabric of America is being destroyed through this process." Here's why the former Trump administration official in charge of student debt is now calling for most of the debt to be canceled.




x

Lawmakers are killing this popular retirement tax break for the wealthy

Lawmakers are severely curtailing the "stretch IRA," a strategy allowing wealthy Americans to leave sizable inheritances to beneficiaries who can then tap those assets for decades.




x

Democratic candidate Michael Bennet proposes 44% tax rate for wealthiest Americans

Democratic presidential contender Michael Bennet wants to increase the top income-tax rate paid by the wealthiest Americans to 44%, which experts say exceeds that of other presidential hopefuls to date.




x

Unemployment insurance is flawed. Trump's coronavirus relief plan won't fix it

The unemployment insurance program in the U.S. won't help enough workers absent some sort of government intervention, according to experts.




x

Stimulus package grants student loan borrowers a six-month break

The historic stimulus Congress passed grants the millions of Americans with student debt a break from their payments for at least six months.




x

Google tells employees they cannot expense food, other perks from home

CNBC's Deirdre Bosa reports that Google has put the brakes on perks for employees working from home.




x

Box CEO on launching new layout

Aaron Levie, Box CEO, joins "Closing Bell" to talk about the company's new layout.




x

Dropbox CEO: We've seen more demand, engagement up

Drew Houston, Dropbox CEO, joins "Closing Bell" to discuss his business.




x

Apple to start reopening stores in US next week—Here's where

Apple will reopen some of its stores in Idaho, South Carolina, Alabama and Alaska. CNBC's Josh Lipton reports on safety measures the company will be taking.




x

Individual investors pulled $20 million from Fisher Investments following billionaire's sexist comments

While institutional investors have pulled more than $3 billion from the Camas, Washington-based firm in the wake of Ken Fisher's comments, retail clients have had a more muted reaction. Here's why individual investors may be slow to divest.




x

What financial advisors, investors could expect from a Charles Schwab-TD Ameritrade merger

The custody arena for registered investment advisors is about to get a lot smaller if Charles Schwab acquires TD Ameritrade. Here's what that might mean for services for financial advisors and their clients.




x

Advisors hire next-generation talent to thrive. Here's how some practices have already done it

As 40% of advisors plan to retire within the next 10 years, young financial advisors can help fill the gap. Here's how established advisory practices are integrating younger generations into their teams.




x

Financial advisors must find their 'niche' to survive over next 5 to 10 years

Developing a niche, like working with millennial clients or widows, will become more imperative if financial advisors are to compete successfully.




x

Millions at risk after toxins found in Harare water supply, study finds

Unpublished report claims water from contaminated reservoir leaves 3 million in Zimbabwe’s capital at risk of disease

Water being pumped to millions of residents in Zimbabwe’s capital city came from reservoirs contaminated by dangerous toxins, according to a report seen by the Guardian.

A study conducted by South African company Nanotech Water Solutions concluded that the health of 3 million Harare residents may be endangered by the provision of water containing toxins that can cause liver and central nervous system diseases.

Related: Zimbabwe on verge of 'manmade starvation', warns UN envoy

Continue reading...




x

More than half of women in Zimbabwe have faced sextortion, finds survey

Widespread corruption and deteriorating economy have contributed to rise in sexual bribery, say researchers

Zimbabwe has recorded an unprecedented number of women reporting being forced to exchange sex for employment or business favours.

More than 57% of women surveyed by Transparency International Zimbabwe (TIZ) said they had been forced to offer sexual favours in exchange for jobs, medical care and even when seeking placements at schools for their children.

Related: We were promised change – but corruption and brutality still rule in Zimbabwe | Fadzayi Mahere

Continue reading...




x

This tax break is up in the air for employers who furloughed workers

Employers who furlough their employees but cover the cost of health insurance may not be able to claim the employee retention tax credit. Lawmakers are now asking Treasury to change course.




x

Why unemployment benefits for the self-employed may be less than expected

Self-employed workers applying for unemployment benefits may get less than they think because of how they report income.




x

White House weighs pushing tax deadline back to Sept. 15

To help bolster the economy, the White House is weighing a variety of measures, including the possibility of extending the tax deadline to September or even December.




x

Unemployment just hit 14.7% yet the market is way up. Please explain!

How to understand what's going on when the jobless rate is surging and so are stock prices. Unemployment's up and so is the stock market. Why?




x

Final Trades: JPM, GDX, AAPL & AGN

The Fast Money traders offer up their final trades of the week.




x

Bernstein's Alexia Howard on what to expect from Beyond Meat's earnings

Alexia Howard, Bernstein analyst, with a Beyond Meat earnings preview. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman.




x

Cornerstone Macro's Carter Worth breaks down where tech's headed next

Carter Worth, Cornerstone Macro's chief market technician, on where tech goes from here. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Pete Najarian and Steve Grasso.




x

'Mixed messages': UK government's strategy fuels fears of rule-breaking

Critics of No 10 warn U-turns undermining efforts to keep public safe from coronavirus

First people were meant to stay at home to save lives, and then government sources raised the prospect of picnics with pals and sunbathing in the park just before a sunny bank holiday weekend.

Boris Johnson told the nation that scientists thought face masks might help stop the spread of the disease, but no change was made to the government advice that they were not needed outside medical and care settings.

Continue reading...




x

'Separation by sex': gendered lockdown fuelling hate crime on streets of Bogotá

While men and women can go out on alternate days, trans people in the Colombian capital face increasing risk of violent attacks

A policy of making men and women leave their homes on alternate days during lockdown in Bogotá is fuelling violence towards the transgender community by the police and the public, activists say.

The mayor of the Colombian capital, Claudia López, announced last month that women were permitted to go outdoors for essential tasks on even-numbered days and men on odd-numbered days, in an effort to limit numbers on the streets.

Continue reading...




x

From rubbish to rice: the cafe that gives food in exchange for plastic

The Garbage Cafe in Ambikapur, India, is helping to tackle the country’s plastic waste problem – and their novel idea is catching on

On bad days, when his employer made some excuse for not paying him his paltry daily wage, Ram Yadav’s main meal used to be dry chapatis, with salt and raw onion for flavour. Sometimes he just went hungry. For a ragpicker like him, one of the thousands of Indians who make a living bringing in plastic waste for recycling, eating in a cafe or restaurant was the stuff of fairytales.

But last week, Yadav was sitting at a table at the Garbage Cafe in Ambikapur, in the state of Chhattisgarh, over a piping hot meal of dal, aloo gobi, poppadoms and rice. He earned the food in exchange for bringing in 1kg of plastic waste. “The hot meal I get here lasts me all day. And it feels good to sit at a table like everyone else,” he said.

Continue reading...




x

Ex-French president Valéry Giscard d’Estaing accused of sexual harassment

German journalist alleges VGE repeatedly touched her bottom during interview

The former French president Valéry Giscard d’Estaing has been accused of sexual harassment in a legal complaint lodged by a German journalist.

Ann-Kathrin Stracke claims VGE, as he is known, repeatedly touched her bottom during an interview at his office on Boulevard Saint-Germain, in Paris, at the end of 2018. She lodged a complaint on 10 March with the Paris public prosecutor’s office.

Continue reading...




x

Xbox Series X console features 12 teraflops graphics processor

Microsoft confirms key specs of games console plus new ‘Smart Delivery’ feature allowing one-size-fits-all game purchases

Microsoft has confirmed that its next games console, the Xbox Series X, will feature a 12 teraflops graphics processor, eight times more powerful than the Xbox One graphics chipset.

The announcement, made by the Xbox chief, Phil Spencer, via Microsoft’s Wire news site, confirmed recent rumours about the machine, which is launching this winter.

Related: Follow your Dreams: how the future of playing video games is making them

Related: Xbox chief: 'We discussed whether we should even do another console'

Continue reading...




x

Microsoft Surface Pro X review: not yet ready for prime time

Long battery life, 4G and beautiful design can’t stop it being held back by a lack of apps for its ARM chip

The Surface Pro X is a glimpse of an ARM-powered Windows future, combining the best bits of phones and computers, but while that future is closer than ever, it isn’t quite ready yet.

The new £999 Surface Pro X might look like the rest of Microsoft’s Surface tablets on the outside, but it is fundamentally a different beast on the inside.

Screen: 13in LCD 2880x1920 (267 PPI)

Processor: Microsoft SQ1 (ARM)

RAM: 8 or 16GB

Storage: 128, 256 and 512GB

Graphics: Adreno 685

Operating system: Windows 10 Home

Camera: 10MP rear, 5MP front-facing, Windows Hello

Connectivity: Wifi ac, Bluetooth 5, 2x USB-C, Surface Connect, LTE, nano sim, esim

Dimensions: 287 x 208 x 7.3mm

Weight: 774g

The screen is far too dim on resuming from sleep until you hit the brightness button, at which point it returns to normal

The machine ran cool throughout, barely getting warmer than room temperature even when pushed hard

There’s no real mis-touch rejection at the edges of the screen, which means you have to be careful where you put your fingers when holding the tablet

Pros: slim, great 13in screen, 4G, kickstand, nine-hour battery, 2x USB-C, quick charging, Windows Hello, brilliant keyboard (essential additional purchase), smart stylus holder, Windows 10

Cons: not much ARM-native software, no good photo editors, no SD card reader, no headphone socket, no Thunderbolt 3, keyboard not included

Microsoft Surface Laptop 3 review: still sleek, just no longer unique

Microsoft Surface Pro 6 review: a fantastic tablet PC you shouldn’t buy

Microsoft Surface Go review: tablet that’s better for work than play

Microsoft Surface Studio 2 review: in a class of its own

16in MacBook Pro review: bigger battery, new keyboard, new Apple

Apple MacBook Air review: the new default Mac

Continue reading...




x

Xbox Series X to be unveiled online after E3 cancellation

Cancellation of LA games convention over coronavirus fears leaves Microsoft hastily redrawing plans to promote new console

Microsoft will unveil its Xbox Series X console via an online event in June after it has been confirmed that the major games conference E3 has been cancelled.

The launch was set to be a major feature of the annual Los Angeles convention, which attracts 65,000 visitors a year and broadcasts press events to millions worldwide. On Wednesday, event organiser the Electronic Entertainment Association announced on its website that E3 2020 would not take place due to concerns over the coronavirus.

E3 has always been an important moment for Team Xbox. Given this decision, this year we'll celebrate the next generation of gaming with the @Xbox community and all who love to play via an Xbox digital event. Details on timing and more in the coming weeks https://t.co/xckMKBPf9h

Continue reading...




x

Xbox Game Pass subscriptions hit 10 million

Pay-monthly service sees huge surge in players and gaming time due to Coronavirus lockdown

Microsoft has announced that its Xbox Game Pass subscription service has passed 10 million members. The initiative, which adopts a similar model to Netflix and other streaming platforms, gives subscribers unlimited access to more than 100 Xbox and PC games for a monthly fee.

Commenting on the figure, Xbox chief Phil Spencer said that use of Game Pass, as well as the company’s online multiplayer gaming service Xbox Live, had increased substantially in recent weeks due to Covid-19. “Since March, Xbox Game Pass members have added over 23 million friends on Xbox Live, which is a 70% growth in friendship rate,” he said. “Game Pass members are also playing twice as much and engaging in more multiplayer gaming, which has increased by 130%.”

We saw record engagement in gaming this quarter:
• Xbox Live has nearly 90 million monthly active users
• Xbox Game Pass has more than 10 million subscribers
• Project xCloud has 100s of thousands of active users in preview across 7 countries, with more coming

Continue reading...




x

Assassin’s Creed Valhalla among 13 games announced for Xbox Series X

Xbox livestream showcases new titles designed to support the advanced features of the forthcoming console

Microsoft has revealed 13 games coming to its Xbox Series X console when the machine launches this winter. In an hour-long presentation, streamed live on Thursday, the company announced that well-known titles such as the recently announced Assassin’s Creed Valhalla, as well as Madden NFL 21 and Yakuza: Like a Dragon, will all be on Xbox Series X.

Also featured was Paradox Interactive’s vampire adventure, Vampire: The Masquerade – Bloodlines 2. Codemasters presented its racer DiRT 5 complete with impressive lighting and mud splatter effects, and an option to run it in 4K at 60 frames-per-second or in a lower resolution at 120fps. Namco Bandai showed a new anime-style sci-fi thriller named Scarlet Nexus, about a group of psychic law enforcers.

Continue reading...




x

US Nasdaq index recovers all of 2020's losses triggered by Covid-19

Gains from the likes of Amazon, Netflix and Microsoft boosted the index as it turned positive

The technology-heavy Nasdaq index turned positive for 2020 on Thursday, boosted by gains in the share prices of companies such as Amazon, Microsoft and Netflix, which have fared well during the Covid-19 lockdown.

The US index caught up all this year’s losses, taking it back to its level at the beginning of January, after rising 1.4% on Thursday to 8,979.66. It ended last year at 8,972.

Continue reading...




x

States expanding liability protections to business as economies reopen

As businesses start to reopen, many are wondering if they can be legally responsible if someone gets sick. CNBC's Ylan Mui reports on liability protection efforts.




x

Trading Nation: Norwegian Cruise Lines says it expects Q1 loss. Here's what investors are seeing

Norweigan Cruise is down 20 percent. Matt Maley of Miller Tabak, and Danielle Shay of Simpler Trading, discuss their forecast for the stock with Seema Mody.




x

Recent rally has taken market to upper end of expected range: Koesterich

Russ Koesterich, BlackRock Global Allocation Fund portfolio manager, joins 'Power Lunch' to discuss the state of the markets amid the coronavirus pandemic.




x

Dept. of Justice drops criminal case against ex-Trump advisor Flynn: AP

The Department of Justice has decided to drop the criminal case against President Trump's former national security advisor Michael Flynn. CNBC's Kayla Tausche reports.




x

Unemployment benefits taxed as ordinary income—How to avoid the tax hit

Even though you may have seen a drop in income this year due to Covid-19, you could face a tax bill next year if you're receiving unemployment benefits. CNBC's Sharon Epperson reports on how to avoid the hit.




x

There is still value in the market: Matrix Asset Advisors CIO

David Katz, Matrix Asset Advisors CIO and Ron Insana, Schroders NA senior advisor, join 'Power Lunch' to discuss the state of the markets amid the coronavirus pandemic and the stocks they're watching.




x

Trading Nation: Cramer's 'Covid-19 Index' stocks up 7% this week—Here's some of the best performers

Todd Gordon, Ascent Wealth Partners and John Petrides, Toqueville Asset Management, discuss the stay-at-home stocks they're watching with Seema Mody.




x

Minority job loss requires strong response in next CARES Act: Former New Orleans Mayor

Marc Morial, former mayor of New Orleans and CEO and president of the National Urban League, discusses the worst U.S. jobs loss since the end of World War II and the groups that are struggling the most.




x

NYC brokers expect real estate prices to fall up to 20%

Many real estate deals were renegotiated or cancelled when the world was placed on hold due to the coronavirus pandemic. CNBC's Robert Frank reports the numbers.




x

Markets anticipating more rapid turnaround than expected, says Art Cashin

Art Cashin of UBS joins "Squawk Alley" to discuss the state of the markets and the economy.




x

How this wartime law is giving Trump extraordinary power

Efforts to fight the coronavirus pandemic have been largely bolstered by the usage of a 70-year-old wartime law called the Defense Production Act. Originally signed into law during the Korean War, the DPA affords the President special powers, such as mobilizing companies to produce medical supplies and accelerating the availability of resources to combat the pandemic.




x

Next Generation: after five years, how has our first full class of picks fared?

From Rashford to Tielemans, we check in on how our initial Next Generation players have got on before the 2019 ones are announced this week

In 2014 we decided that it would be interesting to pick the best young players from each Premier League club – as well as 40 from around the world – and follow them for five years to see how they progressed.

The idea was to try to get a sense of how difficult it is to become a professional footballer despite being one of the best in that country at the age of 16 or 17.

Continue reading...




x

Next Generation 2019: 20 of the best talents at Premier League clubs

The Guardian selects the best young players at each club born between 1 September 2002 and 31 August 2003, an age band known as first-year scholars. Check the progress of class of 2018 | 2017 | 2016 | 2015 | 2014

Photographs by David Price/Arsenal/Getty Images, Neville Williams/Aston Villa/Getty Images, AFC Bournemouth, Paul Hazlewood/BHAFC, Paul Dennis/TGS/Shutterstock, Clive Howes/Chelsea/Getty Images, Danny Loo/PPAUK, Emma Simpson/Everton/Getty Images, Nick Taylor/Liverpool/Getty Images, Manchester City/Getty Images, Ash Donelon/Manchester United/Getty Images, Jason Dawson/Jasonpix, James Wilson/Sportimage, Simon Bellis/Sportimage, Robin Jones/Digital South/Southampton FC, Tottenham Hotspur/Getty Images, Alan Cozzi/Watford, Arfa Griffiths/West Ham United and Sam Bagnall/AMA

Continue reading...




x

Next Generation 2019: 60 of the best young talents in world football

Eidur Gudjohnsen’s son, the new Paul Pogba and Barça’s Ansu Fati are among our 60 most talented players in the world born in 2002. Check the progress of our 2018 picks | 2017 | 2016 | 2015 | 2014

Photographs by DZfoot, BackpagePix, Club Atlético Belgrano, EFE, EPA, Getty Images, Uwe Gruen/Hoffenheim, AMA/Getty Images, Rex/Shutterstock, Zuma Press/PA, FIFA, Tigres, Damir Krajac/CROPIX, Alamy, Daniel Reyes/Ecuafutbol, Reuters, Atromitos, Imago/PA, fotoBERNAMA, New Straits Times, José Alonso Paredes Sánchez, Agencja Gazeta, David Price/Arsenal FC/Getty, AP, Asian Football Confederation, Danubio FC and Championat Asia

Continue reading...




x

Juninho, Ravanelli, Emerson … Middlesbrough's exotic past reborn | Louise Taylor

Charity match for victims of Covid-19 promises to be a wonderful wallow in nostalgia for Boro fans

Anthems are invariably repetitive but the paean celebrating Middlesbrough’s journey to the 2006 Uefa Cup final took things to extremes. “Small town in Europe, we’re just a small town in Europe,” Teessiders chorused on the road to Eindhoven and defeat against Sevilla.

The limited lyrics failed to prevent those seven words becoming an evocative, now rather poignant, soundtrack to the season when Gareth Southgate, Stewart Downing and the rest of Steve McClaren’s team annotated the town’s place on football’s European map.

Continue reading...