9

The meat supply chain is broken. Here's why shortages are likely to last during the coronavirus pandemic

Challenges with the country's meat supply chain will likely linger as long as the coronavirus pandemic does causing periodic shortages.




9

Fed holds rates near zero — here's what that means for you

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.




9

She fled coronavirus-stricken Brooklyn to live in Oklahoma: 'You're just in this survival mode'

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.




9

New Jersey homeowners are getting some property tax relief. Here's what that means

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.




9

Fleeing NYC for Oklahoma: 'You're just in this survival mode'

CNBC's Diana Olick reports on a woman's tough decision to flee Brooklyn, New York for Oklahoma.




9

Covid-19 is forcing mortgage and rent delays

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.




9

I just refinanced my mortgage, despite coronavirus. Here's what I learned

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.




9

Ousted WeWork CEO Adam Neumann is suing SoftBank — Here's why

Founder and former CEO of WeWork Adam Neumann is suing SoftBank, the company's biggest investor. CNBC's Deidre Bosa reports.




9

Here's what homeowners need to know about forbearances

CNBC's Diana Olick breaks down what homeowners need to know about mortgage forbearances.




9

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

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.




9

Struggling to pay your mortgage? Here's how to get help

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.




9

NFL teams seeing high early ticket demand despite Covid-19, agency SeatGeek says

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.




9

Department stores had an insane week. Here's everything that happened

It was another onslaught of bad news from America's department store chains, including bankruptcy filings and store closures, this week. And that likely will not be letting up anytime soon.




9

Outback parent company Bloomin' Brands doubles down on takeout business after sales triple

Investing in delivery in recent years, including a rewards program and digital ordering, has paid off for Bloomin' in the long run and will continue to pay off going forward, Deno said.




9

Millions can't access unemployment benefits so actual job losses are likely greater than data shows

The number of Americans who have lost their jobs during the coronavirus pandemic could be even bleaker than official government data suggests.




9

Federal Reserve seeks banks' advice as it gets into direct lending with coronavirus relief

The Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead of its formal launch, according to people familiar with the matter.




9

The Fed may provide more details on the policy 'bazooka' it fired to help markets

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.




9

8-month 'structured lockdowns' could halve economic damage from the coronavirus, research claims

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.




9

Powell says the economy will likely need more support from the Fed for the recovery to be 'robust'

Federal Reserve Chairman Jerome Powell said more stimulus is needed to ensure a robust economic recovery from the coronavirus crisis.




9

April's jobs report showing millions out of work looms large in the week ahead

In the week ahead, the April jobs report is expected to show the highest unemployment since 1939.




9

US services sector posts biggest contraction since 2009 as coronavirus halts economic activity

The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought economic activity in the country to a near-screeching halt.




9

NIH doesn't expect the coronavirus to rapidly mutate like the seasonal flu

"We don't think it will have this very rapid seasonal change that we have to deal with influenza," the head of the NIH tells Congress.




9

NY Gov. Cuomo says he won't sacrifice human lives to reopen the economy: The argument is 'absurd'

"This is not a situation where you can go to the American people and say, 'How many lives are you willing to lose to reopen the economy?' We don't want to lose any lives," Cuomo said.




9

Trump says coronavirus tests are 'overrated,' but he will get tested daily

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.




9

Frontier Airlines to check passenger temperatures. Too high, you won't fly

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.




9

Sorrento Therapeutics and Mount Sinai join forces to develop Covid-19 antibody shield

Sorrento Therapeutics and Mount Sinai Health System in New York City have joined forces to develop an antibody cocktail they hope will shield against Covid-19 infection for up to two months.




9

It's critical we have cheap, rapid at-home testing for Covid-19, but that could take weeks or even months, experts say

Most experts agree that Covid-19 testing is vital to safely reopen the economy. But getting to scale presents challenges, they say.




9

Melinda Gates says US coronavirus response is 'chaos,' gives Trump administration a D-minus grade

Melinda Gates, co-chairman of the Bill & Melinda Gates Foundation, gave President Donald Trump's administration a "D-minus" on its handling of the coronavirus pandemic, criticizing lack of leadership on both national and international levels.




9

Vice President Mike Pence torched after jokingly asking to carry empty boxes at nursing home 'just for the camera'

Vice President Mike Pence got roasted after being caught by a live microphone jokingly offering to carry empty boxes "just for the camera" into a health-care facility treating coronavirus cases.




9

Russia's Victory Day celebrations pared back; Spain's daily coronavirus death tolls falls

Russia marks the 75th anniversary of Soviet victory over Nazi Germany in World War Two on Saturday, but the coronavirus outbreak means that celebrations have been pared back massively.




9

Why the Fed isn't ready for a rate hike yet

Quincy Krosby, Market Strategist at Prudential Financial, explains why the U.S. central bank is still far from initiating a rate hike.




9

Relax, yuan won't depreciate further: BofA

Lu Ting, Greater China Economist at Bank of America Merrill Lynch, dismisses the possibility of the yuan falling to 6.4 against the greenback.




9

Impressed by PetroChina's earnings: Barclays

Somshankar Sinha, Director, Asia ex-Japan Oil & Gas Research at Barclays, highlights the firm's lower capex spending as a key area to look out for in the year ahead.




9

World Bank: China's rebalancing act is challenging

Sri Mulyani Indrawati, COO & Managing Director at the World Bank, says China's attempt to shift its economic model will require many policy adjustments.




9

HSBC flash PMI confirms China slowdown: Moody's

Alaistair Chan, Economist at Moody's Analytics, attributes the weak data to monetary tightening last year.




9

Wall Street in a 'strange dynamic': Pro

Robert Pavlik, Chief Market Strategist at Banyan Partners, says recent losses on Wall Street was caused by a myriad of factors, which include more than Chinese weak data and Ukraine tensions.




9

Evaluating Obama's Asia pivot strategy

Alexander Feldman, President at US-ASEAN Business Council, says U.S. President Barack Obama has been successful in trying to forge closer ties with the Asian region.




9

Major sanctions on Russia are 'unlikely': INSEAD

Antonio Fatas, Professor of Economics at INSEAD, says it is unlikely that the West will impose hard-hitting economic sanctions upon Russia.




9

Microsoft's shift is a 'welcome change': Pro

Norman Young, Senior Equity Analyst at Morningstar, says Microsoft's release of the Office for iPad app reflects a strategy shift in the software company under its new chief executive officer, Satya Nadella.




9

Will Japan's tax hike re-enact 1997 slump?

Nicholas Smith, Japan Strategist at CLSA, says a different economic condition in Japan right now will help it to avert the recession which occurred in 1997 after the implementation of a sales tax hike.




9

Did wrong timing sour King's trading debut?

Francis Gaskins, director of research at Equities.com, discusses why Candy Crush game maker, King Digital Entertainment, fell nearly 16 percent on its trading debut.




9

Asian shares up on China's NPC but China stocks fall

Asian stocks were mostly higher Wednesday, boosted by overnight gains on Wall Street and unveiling of China's official 2014 GDP growth target.




9

A new 'Cold War' has begun as US-China tensions rise, says former White House official

A new Cold War is emerging from the ongoing U.S.-China geopolitical tensions, says Clete Willems, an Akin Gump partner and former White House official. He cites the "growing frustration" with China's economic policies and resistance to investigations for its alleged coronavirus involvements.




9

World risks famines of 'biblical proportions' from pandemic, says UN

As many as 260 million people risk being on the brink of starvation as economies deteriorate and supply chains break down worldwide due to the coronavirus pandemic, says David Beasley, the United Nations World Food Programme's executive director.




9

'This is the start of a new Cold War,' former Trump trade official says of rising US-China tensions

Among the latest disputes between the U.S. and China is the origin of the coronavirus, which has infected more than 3 million people and killed over 250,000 globally, data by Johns Hopkins University showed.




9

We call this decade 'the age of delivery': Domino's CEO

Don Meij , CEO Of Domino's Pizza Enterprises gives an update on the pizza business during the international pandemic, and how Domino's is keeping up with demand.




9

Singapore aims for sustainable measures in 'long fight' against the coronavirus: Minister

Singapore needs sustainable measures in its "prolonged battle" against the coronavirus, so that the country can ease out of its "circuit breaker" period to resume normal activities safely, says Lawrence Wong, second minister for finance, minister for national development and co-chair of the multi-ministry taskforce on Covid-19.




9

Trump's tariff threats against China are 'largely bluster': Charles Schwab

It will be difficult for U.S. President Donald Trump to backtrack on the U.S.-China "phase one" trade deal after previously lauding it as "the best deal ever made", says Jeffrey Kleintop of Charles Schwab, adding that March trade data shows a pickup in U.S. exports to China.




9

Singapore minister says safeguards in migrant dormitories 'not sufficient' during coronavirus outbreak

Singapore learned from the coronavirus pandemic that its migrant workers' dormitories need redesigning to prevent future outbreaks, says Lawrence Wong, second minister for finance, who is also co-chair of the country's Covid-19 task force.




9

Latest round of US China trade tensions is 'more posturing than reality': Strategist

Phil Blancato, CEO of Ladenburg Thalmann Asset Management, says "no one wants more economic pain" in this current environment, adding that he would be surprised if the current US China trade tensions escalate.