ir Cheesecake Factory swings to a loss as coronavirus weighs on earnings By www.cnbc.com Published On :: Wed, 06 May 2020 15:44:17 GMT The Cheesecake Factory swung to a loss in its first quarter as the coronavirus pandemic forced the company to close its dining rooms and furlough thousands of its workers. Full Article
ir Pinterest drops after reporting slowing user growth in first quarter results By www.cnbc.com Published On :: Tue, 05 May 2020 21:46:18 GMT Shares of Pinterest fell as much as 9% in after-hours trading on Tuesday after the company reported its first quarter results. Full Article
ir Beyond Meat shares rise as first-quarter revenue soars 141%, but it withdraws 2020 forecast due to coronavirus By www.cnbc.com Published On :: Tue, 05 May 2020 23:23:06 GMT Citing uncertainty due to the coronavirus pandemic that's shuttered much of the dine-in restaurant industry around the world, the company suspended its full-year forecast. Full Article
ir CVS Health first-quarter revenue rose 8% as customers rushed into stores to buy essentials; shares up By www.cnbc.com Published On :: Wed, 06 May 2020 21:43:22 GMT The drugstore chain's stores have remained open as an essential retailer during the coronavirus pandemic, and it's also opened drive-thru testing sites. Full Article
ir General Motors ekes out $294 million profit in the first quarter despite crippling production and sales from coronavirus By www.cnbc.com Published On :: Wed, 06 May 2020 13:51:37 GMT The Covid-19 outbreak cut deeply into GM's performance, costing the largest U.S. automaker $1.4 billion before taxes during the first three months. Full Article
ir Homebound parents bought board games, not Barbies, crippling Mattel's sales in the first quarter By www.cnbc.com Published On :: Wed, 06 May 2020 15:56:15 GMT Consumers stocked up on board games, not Barbie dolls, amid the coronavirus pandemic, sending Mattel's sales in the first quarter tumbling. Full Article
ir Carvana shares tumble double digits on first-quarter losses By www.cnbc.com Published On :: Wed, 06 May 2020 23:24:39 GMT Shares of Carvana tumbled double digits during after-market trading following the auto retailer reporting a net loss of $183.6 million during the first quarter. Full Article
ir Lyft shares jump 15% as company reports more riders than last year despite coronavirus By www.cnbc.com Published On :: Wed, 06 May 2020 21:30:46 GMT Lyft reports its first-quarter results on Wednesday after the bell. Full Article
ir Peloton sales surge 66%, as more people buy bikes during coronavirus pandemic; shares jump By www.cnbc.com Published On :: Thu, 07 May 2020 14:16:16 GMT Peloton's revenue surged 66% during the fiscal third quarter, as more people purchased its fitness equipment and tuned into its live classes, to try to break a sweat while stuck at home during the coronavirus pandemic. Full Article
ir Valuations only part of the picture in coronavirus crisis, strategist says By www.cnbc.com Published On :: Tue, 05 May 2020 10:41:32 GMT John Bilton, global head of multi-asset strategy at J.P. Morgan Asset Management, discusses the impact of the Covid-19 pandemic on stock valuations. Full Article
ir Protecting health and safety of citizens must come first, Spanish minister says By www.cnbc.com Published On :: Wed, 06 May 2020 09:37:27 GMT Spanish Minister of Foreign Affairs, the European Union and Cooperation Arancha Gonzalez discusses Spain's current state of emergency. Full Article
ir SAS CFO says airline should be granted government support amid pandemic By www.cnbc.com Published On :: Wed, 06 May 2020 09:43:59 GMT Torbjorn Wist, CFO of SAS, discusses the airline's position in the coronavirus crisis and its seeking of state aid to support the company through the pandemic. Full Article
ir Working to ensure we emerge stronger from coronavirus crisis, Solvay CEO says By www.cnbc.com Published On :: Wed, 06 May 2020 09:50:02 GMT Ilham Kadri, CEO of Solvay, discusses the chemicals company's first-quarter earnings. Full Article
ir Croatia brings new coronavirus infections down to single digits By www.cnbc.com Published On :: Wed, 06 May 2020 13:16:11 GMT Croatian Prime Minister Andrej Plenkovic discusses the EU's response to the Covid-19 pandemic and how the country has handled the crisis. Full Article
ir Economic scars will remain for EU after coronavirus, official says By www.cnbc.com Published On :: Wed, 06 May 2020 13:16:45 GMT EU Economic Commissioner Paolo Gentiloni discusses the economic impact of the coronavirus pandemic across the euro zone. Full Article
ir Coronavirus an 'unbelievable' challenge for hospitality sector, IHG CEO says By www.cnbc.com Published On :: Thu, 07 May 2020 09:04:59 GMT Keith Barr, CEO of InterContinental Hotels Group, discusses the impact of the coronavirus pandemic on the company. Full Article
ir Expecting recovery from coronavirus to be L-shaped, strategist says By www.cnbc.com Published On :: Thu, 07 May 2020 09:43:19 GMT Stephen Isaacs, chairman of the investment committee at Alvine Capital Management, discusses the market recovery from the coronavirus crisis. Full Article
ir Strong nutrition business lifted first-quarter earnings, DSM co-CEO says By www.cnbc.com Published On :: Thu, 07 May 2020 17:05:31 GMT Geraldine Matchett, co-CEO of DSM, discusses the company's first-quarter earnings. Full Article
ir Expecting to see earnings trough in the third quarter, Siemens CEO says By www.cnbc.com Published On :: Fri, 08 May 2020 07:37:18 GMT Siemens CEO Joe Kaeser discusses the impact of the coronavirus pandemic on the company's earnings. Full Article
ir German court ruling on ECB bond buying 'laughable,' Societe Generale chair says By www.cnbc.com Published On :: Fri, 08 May 2020 09:06:02 GMT Lorenzo Bini Smaghi, chairman of Societe Generale and former member of the ECB's executive board, discusses the German constitutional court's call for the European Central Bank to justify its bond-buying program. Full Article
ir Retire well: Salary saving tips By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Sharon Epperson breaks down salary saving tips for workers in different age groups, helping to lead them to the road to wealth. Full Article
ir HSBC results were unsurprising given economic fallout from coronavirus, says analyst By www.cnbc.com Published On :: Wed, 29 Apr 2020 08:26:18 GMT HSBC's first-quarter earnings were not surprising given the global economic fallout of the coronavirus pandemic, says Filippo Alloatti, senior credit analyst at Federated Hermes. He also discusses the bank's decision to suspend share buybacks and dividend payouts for now. Full Article
ir The coronavirus crisis is 'accelerating' the need for economic transformation: Citi By www.cnbc.com Published On :: Tue, 28 Apr 2020 09:46:46 GMT Miguel Azevedo of Citi discusses the coronavirus pandemic's impact on Middle Eastern nations, mergers and acquisitions, and economic activity in the Muslim holy month of Ramadan. Full Article
ir Andrew Forrest on using business power to fight Australia's coronavirus crisis By www.cnbc.com Published On :: Wed, 29 Apr 2020 06:59:40 GMT With ten million test kits now secured by the Mindaroo Foundation and its business partners, Australia will have the "abundant capacity" to test widely for infections to "end the virus, not the economy," says Andrew Forrest, the foundation's co-founder and chairman, and former CEO of Fortescue Metals Group. Full Article
ir Earnings will get a massive hit this year from the coronavirus hit: Portfolio Manager By www.cnbc.com Published On :: Wed, 29 Apr 2020 07:21:36 GMT Steven Glass of Pengana International Fund says there is a wide disconnect between fundamentals and market moves and we are currently witnessing a bear-market rally. Full Article
ir North Asian tech stocks are attractive despite coronavirus crisis: State Street By www.cnbc.com Published On :: Tue, 05 May 2020 07:19:26 GMT The coronavirus has been a massive blow for markets across the globe. But Daniel Gerard of State Street says tech stocks in North Asia still offer plenty of opportunities for investors. Full Article
ir The coronavirus pandemic is a 'crisis of trust' for consumers: Majid Al Futtaim CEO By www.cnbc.com Published On :: Tue, 05 May 2020 09:25:02 GMT It's going to be a "very difficult" period for the Middle East given coronavirus pandemic, but this could be a "golden opportunity" for economies to implement reforms and become more resilient, says Alain Bejjani, CEO of Majid Al Futtaim. Full Article
ir Stem cell treatment for coronavirus symptoms being trialed in the UAE By www.cnbc.com Published On :: Tue, 05 May 2020 09:32:20 GMT Dr. Fatima al-Kaabi of the Sheikh Khalifa Medical City discusses a stem cell treatment currently being tested for its efficacy in alleviating coronavirus symptoms, and the easing of the lockdown in the UAE. Full Article
ir Trump is playing the coronavirus 'blame game' with China ahead of the 2020 election: OCBC By www.cnbc.com Published On :: Wed, 06 May 2020 07:35:33 GMT The Trump Administration has attacked China over its handling of the coronavirus pandemic. Vasu Menon of OCBC warns tensions between Washington and Beijing could pick up even further, heading into the 2020 election. Full Article
ir Egypt has been 'pushing forward' structural reforms amid virus crisis, says minister By www.cnbc.com Published On :: Wed, 06 May 2020 09:23:08 GMT Egypt has been implementing structural reforms in an "expedited fashion" and widening social safety nets to people who are vulnerable in light of the coronavirus outbreak, says Rania Al-Mashat, Egypt's minister of international cooperation. Full Article
ir Oil could hit $100 in next 18 months: Egyptian billionaire Naguib Sawiris By www.cnbc.com Published On :: Wed, 06 May 2020 09:40:45 GMT Oil prices could rise to $100 in the next 18 months, given that the fallout from the Russia-Saudi oil war has effectively killed the shale industry in the United States for the next year or so, says Naguib Sawiris, chairman and CEO at Orascom Investment Holding. Full Article
ir Humanitarian spaces for refugees may shrink amid virus crisis: ICRC president By www.cnbc.com Published On :: Thu, 07 May 2020 08:14:23 GMT We are "worried" that humanitarian spaces for refugees may shrink if coronavirus infections within refugee camps rise, says Peter Maurer, president of the International Committee of the Red Cross. He says he also expects ICRC's funding to become "very problematic" with donor countries increasing spending on their own economies. Full Article
ir Analyst expects low demand for soft commodities to continue from virus outbreak By www.cnbc.com Published On :: Thu, 07 May 2020 09:45:57 GMT Global demand on soft commodities has taken a huge hit with the pandemic shutting down food industries across countries, in addition to rising trade tensions between the U.S. and China. Oscar Tjakra from Rabobank gives his market outlook on the back of these issues. Full Article
ir Op-ed: Corporate leadership means putting lives first By www.cnbc.com Published On :: Thu, 23 Apr 2020 21:53:10 GMT Health experts should be driving the timeline while corporate America and government work together to get the economy through this pandemic. Full Article
ir Op-Ed: Cancer surgeries and organ transplants are being put off for coronavirus By www.cnbc.com Published On :: Wed, 08 Apr 2020 20:18:05 GMT In a given month, more than a million people have some kind of surgery. The elective procedures being postponed because of coronavirus aren't all optional. Cancer patients and organ recipients are being forced to wait. Full Article
ir Coronavirus-earnings season: What to expect as companies begin to report Tuesday By www.cnbc.com Published On :: Mon, 13 Apr 2020 15:00:45 GMT Companies in every sector face challenges giving forward-looking guidance in a pandemic that remains unpredictable. Full Article
ir Op-ed: How the US can win the post-coronavirus race for global dominance By www.cnbc.com Published On :: Tue, 21 Apr 2020 18:37:52 GMT Beijing could still leverage its first-mover advantage – alongside a faster economic recovery across Asian markets – accelerating the trend toward a Chinese-centric globalization, writes Fred Kempe. Full Article
ir Op-ed: Investors will reward companies that take care of others in the coronavirus pandemic By www.cnbc.com Published On :: Tue, 21 Apr 2020 15:18:34 GMT Acts of charity, compassion, and creative generosity may resonate with investors increasingly drawn to socially responsible investing. Full Article
ir Op-ed: For Big Oil, this crisis will be different, and it may be irreversible By www.cnbc.com Published On :: Sun, 26 Apr 2020 13:20:02 GMT Oil and gas companies delayed in transitioning from fossil fuels and lost investors. The oil price crash caused by the coronavirus threatens to make this shift permanent. Full Article
ir Op-ed: The PPP isn't working. Here's an idea — get paychecks to people, directly By www.cnbc.com Published On :: Sun, 26 Apr 2020 14:29:44 GMT The short-term pain of job losses, furloughed and unemployed workers in food bank lines miles long, may lead to worse long-term effects: a deep, permanent dent on America's competitiveness. Full Article
ir Op-Ed: Britain needs an economic model to guide the lifting of the coronavirus lockdown By www.cnbc.com Published On :: Wed, 29 Apr 2020 13:15:55 GMT Covid-19 has forced epidemiology and economics to become intertwined as never before. Full Article
ir Op-Ed: Local bars and restaurants face extinction because of coronavirus – and government needs to step up By www.cnbc.com Published On :: Mon, 04 May 2020 21:10:39 GMT Independent bars and restaurants found some relief in the Paycheck Protection Program, which offers low interest, short-term loans with the potential of forgiveness. That is not nearly enough, writes author and bar owner Derek Brown. Full Article
ir Siemens sees bigger hit from coronavirus impact coming as second-quarter profit plunges By www.cnbc.com Published On :: Fri, 08 May 2020 07:43:51 GMT Siemens on Friday said it expected "even stronger impacts" from the coronavirus pandemic in the weeks ahead as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter. Full Article
ir Ireland says Brexit trade talks timeline 'virtually impossible' By www.cnbc.com Published On :: Fri, 08 May 2020 13:50:04 GMT The coronavirus pandemic has made an already difficult timeline for a British-European Union trade deal "virtually impossible", Ireland's foreign minister said, cautioning that he did wish to raise expectations of London seeking more time. Full Article
ir Repurposing existing drugs to treat coronavirus will likely be quicker than a vaccine, scientists claim By www.cnbc.com Published On :: Thu, 07 May 2020 13:33:44 GMT A team of international experts said that while there was no "magic bullet" for treating Covid-19, successfully identifying a drug that could treat the virus was likely to take less time than rolling out a vaccine. Full Article
ir Vice President Mike Pence's press secretary tests positive for coronavirus By www.cnbc.com Published On :: Fri, 08 May 2020 20:13:01 GMT Katie Miller, the Pence press secretary, also handled communications for the coronavirus task force. The news came a day after the revelation that a personal valet for President Trump tested positive. Full Article
ir Global luxury sales could collapse up to 60% in the second quarter, consulting firm says By www.cnbc.com Published On :: Fri, 08 May 2020 06:51:12 GMT Bain predicted a full-year contraction between 20% to 35% for the personal luxury market that includes clothes, jewelry, watches, beauty products, and accessories. Full Article
ir US commitment to Gulf allies' security 'not at all changed' despite Patriot systems drawdown, Iran envoy says By www.cnbc.com Published On :: Fri, 08 May 2020 20:37:29 GMT Washington's commitment to the security of its Gulf allies is unchanged despite what appears to be a shift in force posture in the region, U.S. Special Representative for Iran Brian Hook told CNBC. Full Article
ir Wuhan market had role in virus outbreak, but more research needed, WHO says By www.cnbc.com Published On :: Fri, 08 May 2020 10:54:26 GMT It was not clear whether live animals or infected vendors or shoppers may have brought the virus into the market. Full Article
ir Countries in the Middle East are easing coronavirus restrictions. Here's what experts have to say By www.cnbc.com Published On :: Fri, 08 May 2020 04:30:43 GMT The coronavirus outbreak in the Middle East is likely to remain under control despite the easing of restrictions in recent weeks, as long as strict social distancing continues to be enforced, experts told CNBC. Full Article