9 Remdesivir will not be the main driver of Gilead's revenue: Bernstein By www.cnbc.com Published On :: Thu, 07 May 2020 02:31:26 GMT Ronny Gal of Sanford C. Bernstein says he thinks remdesivir will not be the most significant revenue contributor for Gilead Sciences over time. He also explains his rationale for raising the company's price target to $75 from $72. Full Article
9 Didi's core ride hailing business is profitable, says president By www.cnbc.com Published On :: Thu, 07 May 2020 02:32:43 GMT Roughly 60% to 70% of Didi Chuxing's business has bounced back from the coronavirus crisis in China, says Jean Liu, president of the mobile app-based transportation firm. Full Article
9 US-China trade tensions are a 'renewed risk' for markets: Goldman Sachs By www.cnbc.com Published On :: Thu, 07 May 2020 07:03:38 GMT Initial optimism following the phase one trade deal has slipped a bit and the market is starting to price in "some greater concerns" about U.S.-China friction, over trade as well as the coronavirus crisis, says Timothy Moe, Goldman Sachs' co-head of macro research in Asia and chief Asia Pacific equity strategist. Full Article
9 Why Renaissance Capital is cautious on Kingsoft's 'growth-at-all-costs' model By www.cnbc.com Published On :: Fri, 08 May 2020 02:50:48 GMT While there has been "quite a bit of interest" in Kingsoft Cloud's IPO filing, investors should be cautious about the high-growth tech company operating on negative margins and the generally poor performance of Chinese IPOs, says Kathleen Smith, founding principal of Renaissance Capital. Full Article
9 I propose 'shelter in place' approach to fight the coronavirus: Vickers Venture Partners Chairman By www.cnbc.com Published On :: Fri, 08 May 2020 04:50:29 GMT Finian Tan, Chairman of Vickers Venture Partners proposes a "shelter in place" approach to combat COVID-19, which involves asking those 50 years and above to stay at home without exception, while allowing the rest of the population to go back to business as usual, including opening of businesses and borders. Full Article
9 Nintendo's 2020 game pipeline is looking weak: Analyst By www.cnbc.com Published On :: Fri, 08 May 2020 05:12:53 GMT Despite the strong demand for Nintendo's Switch console and the breakout success of its "Animal Crossing: New Horizons" title, Kazunori Ito of Morningstar Investment Management Asia says he does not see a strong game pipeline for the company this year. Full Article
9 Elon Musk says orders to stay home are 'fascist' in expletive-laced rant during Tesla earnings call By www.cnbc.com Published On :: Thu, 30 Apr 2020 17:11:40 GMT Tesla CEO Elon Musk lashed out at government stay at home orders as "fascist" in an expletive-laced rant on Tesla's Q1 earnings call. Full Article
9 Cars could go completely driverless 'very soon,' says CEO of Chinese autonomous driving tech start-up By www.cnbc.com Published On :: Thu, 30 Apr 2020 04:28:59 GMT Currently, most regulations across various cities in China still require the presence of a safety driver in vehicles. Full Article
9 Mercedes-Benz reopened an Alabama auto plant. Here's how it happened By www.cnbc.com Published On :: Thu, 30 Apr 2020 15:05:56 GMT Daimler, which owns Mercedes-Benz, says it took "robust and best practice safety measures" to ensure that the reopening of the plant was safe for its 4,200 workers. Full Article
9 Elon Musk's F-bomb rant against lockdowns reflects 'growing sentiment,' says Dr. Scott Gottlieb By www.cnbc.com Published On :: Thu, 30 Apr 2020 17:10:50 GMT "That's going to tug against what the governors have to do," the former FDA chief told CNBC. "We still face a pretty big epidemic in this country." Full Article
9 Tesla CEO Elon Musk's coronavirus rant highlights just one of many hurdles automakers face in reopening plants By www.cnbc.com Published On :: Sat, 02 May 2020 14:01:01 GMT In reopening plants, automakers face worker safety issues and must abide by local mandates, which Tesla CEO Elon Musk highlighted earlier this week. Then there are more complex problems. Full Article
9 Electric cars take the spotlight in China's post-coronavirus stimulus plans By www.cnbc.com Published On :: Wed, 06 May 2020 02:45:46 GMT Jing Yang, director of corporate research at Fitch Ratings, expects electric vehicles to outperform an overall slump in China's car sales this year given strong policy support. Full Article
9 Elon Musk's lavish LA mansions appear to be listed for sale days after billionaire pledged to 'own no house' By www.cnbc.com Published On :: Thu, 07 May 2020 00:16:37 GMT The homes have a combined value of $39.5 million. Full Article
9 USAA chief: Coronavirus 'cabin fever' may be behind car crash uptick after initial steep decline By www.cnbc.com Published On :: Mon, 04 May 2020 18:24:36 GMT "The last couple of weeks we've seen a slight uptick in those rates, certainly not because stores are reopening," USAA CEO Wayne Peacock told CNBC. Full Article
9 UK auto sales plummet to lowest level since 1946 By www.cnbc.com Published On :: Tue, 05 May 2020 11:31:05 GMT Car sales for April have hit historic lows. Full Article
9 Michigan governor to allow state's auto manufacturing plants to reopen next week By www.cnbc.com Published On :: Thu, 07 May 2020 22:32:34 GMT Michigan Gov. Gretchen Whitmer will allow the state's auto manufacturing plants, most of which have been shuttered since March due to the coronavirus pandemic, to reopen beginning Monday. Full Article
9 Tesla's Fremont plant will resume 'limited operations' on Friday By www.cnbc.com Published On :: Fri, 08 May 2020 12:25:46 GMT The plant will bring back around 30% of employees normally working on a shift. Full Article
9 These experts think Tesla's in a better position than other US automakers to survive the recession By www.cnbc.com Published On :: Sat, 09 May 2020 13:30:01 GMT The coronavirus pandemic has crushed the global economy, and a recession is inevitable in the U.S. as the Federal Reserve warns the second quarter will be much worse than Q1. The auto industry has been hit particularly hard as car sales tank. But here is why some experts say that Tesla is better off than other U.S. automakers to get through this downturn. Full Article
9 Mark Cuban: Texas reopening 'more show than go,' small business needs more help to do it safely By www.cnbc.com Published On :: Fri, 01 May 2020 19:41:31 GMT "There's all these downstream issues that really haven't been addressed yet," the Dallas Mavericks owner and "Shark Tank" investor told CNBC on Friday. Full Article
9 A 'discouraged' Terrell Davis almost ditched his first NFL season: 'The only way you really fail is to quit' By www.cnbc.com Published On :: Fri, 01 May 2020 18:24:46 GMT At the start of his Hall of Fame NFL career, Terrell Davis was an unheralded running back competing for a spot with the Denver Broncos. After a discouraging start, Davis considered calling it quits before one play in a preseason game changed the 'entire trajectory of my career.' Full Article
9 These business owners couldn't get a forgivable loan at first. Then it was easy. By www.cnbc.com Published On :: Sat, 02 May 2020 14:16:01 GMT Business owners who successfully got loans during the second round of the Paycheck Protection Program describe the emotional roller coaster of the process. Full Article
9 Answers to your biggest questions about US stimulus programs for Covid-19 relief By www.cnbc.com Published On :: Tue, 05 May 2020 21:13:34 GMT The $2.2 trillion CARES Act has provided several programs to help combat the widespread economic fallout of the coronavirus pandemic, but Americans are still confused. Senior Personal Finance Correspondent Sharon Epperson provides the answers. Full Article
9 'Shark Tank' investor Kevin O'Leary: 20% of small businesses that got federal loans will fail By www.cnbc.com Published On :: Thu, 07 May 2020 12:34:19 GMT The "Shark Tank" investor also tried to look at the bright side: "So 80% are going to make it, in my view. That means it was a great investment." Full Article
9 Here's why restaurants reopening could be good news for summer jobs By www.cnbc.com Published On :: Fri, 08 May 2020 20:03:20 GMT Prior to the pandemic, a historically tight labor market was pushing employers to get creative to find and keep talent. Now, it's enhanced unemployment benefits that are causing a challenge. Full Article
9 Elon Musk interrupts NASA-SpaceX call during question about his coronavirus views: 'Move on' By www.cnbc.com Published On :: Thu, 30 Apr 2020 22:17:27 GMT SpaceX CEO Elon Musk unexpectedly spoke up during a NASA conference call on Thursday Full Article
9 NASA's billions of investment in SpaceX have been 'very beneficial,' agency chief says By www.cnbc.com Published On :: Fri, 01 May 2020 18:13:22 GMT NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk's SpaceX have been well worth it. Full Article
9 Carl Icahn, who's made a large bulk of his fortune in energy, has a new play in the industry By www.cnbc.com Published On :: Sat, 02 May 2020 14:04:03 GMT Icahn's next energy bet could pay off through a takeover or a rebound in oil prices. Full Article
9 Rocket Lab CEO: The space industry is entering at least 'a year and a half slog' due to coronavirus By www.cnbc.com Published On :: Sun, 03 May 2020 15:18:42 GMT 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. Full Article
9 Jim Cramer says Buffett's sale of airline stocks makes him 'very concerned about the near term' By www.cnbc.com Published On :: Mon, 04 May 2020 20:21:03 GMT Cramer said that he viewed Buffett bailing on airlines as a sign that there were serious issues in the broader economy. Full Article
9 Cramer says Trump can't raise tariffs on China with 30 million unemployed: 'That is 1932' By www.cnbc.com Published On :: Mon, 04 May 2020 17:01:31 GMT 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. Full Article
9 'Togetherness kills' — Cramer looks at stocks that will continue to suffer as social distancing remains By www.cnbc.com Published On :: Tue, 05 May 2020 16:13:07 GMT "Social distancing is going to be the answer why you have to sell certain stocks," CNBC's Jim Cramer said Tuesday. Full Article
9 Cramer says the plant-based meat 'movement is happening' and investors better 'get on the bus' By www.cnbc.com Published On :: Wed, 06 May 2020 15:35:17 GMT "This is not blockbuster drug, but watch this trend. I think it's very exciting for investors," CNBC's Jim Cramer said Wednesday. Full Article
9 Longtime bull Jeremy Siegel: March coronavirus swoon in stocks 'definitely going to be the low' By www.cnbc.com Published On :: Fri, 08 May 2020 17:47:26 GMT "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. Full Article
9 Tesla shares are up more than 7% since Elon Musk said the stock was 'too high' By www.cnbc.com Published On :: Fri, 08 May 2020 20:06:38 GMT 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. Full Article
9 Denver restaurant group owner: We're still unsure of what "reopening" looks like in this new reality By www.cnbc.com Published On :: Mon, 27 Apr 2020 10:51:28 GMT 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. Full Article
9 Georgia small business owner: We won't be reopening yet, as it's too early and unsafe By www.cnbc.com Published On :: Mon, 27 Apr 2020 11:01:03 GMT 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. Full Article
9 Jablonski: There's a big difference between the economic outlook and what the markets are doing By www.cnbc.com Published On :: Wed, 29 Apr 2020 10:33:12 GMT 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. Full Article
9 Liu: For everyday investors, it's important to focus on the light at the end of the tunnel By www.cnbc.com Published On :: Thu, 30 Apr 2020 10:22:25 GMT 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. Full Article
9 Wedbush's Kulina: The key for big tech earnings has been signs of stabilization in April By www.cnbc.com Published On :: Thu, 30 Apr 2020 10:44:05 GMT 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. Full Article
9 Lesko: The COVID-19 pandemic has basically been a gift to Amazon By www.cnbc.com Published On :: Fri, 01 May 2020 10:27:08 GMT 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. Full Article
9 Why one of the nation's largest car dealers says sales have been improving in recent weeks By www.cnbc.com Published On :: Fri, 01 May 2020 10:45:16 GMT 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. Full Article
9 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 By www.cnbc.com Published On :: Tue, 05 May 2020 10:29:15 GMT 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. Full Article
9 Top-ranked Barron's advisor on investment strategies amid the coronavirus outbreak and market volatility By www.cnbc.com Published On :: Wed, 06 May 2020 10:08:08 GMT 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. Full Article
9 UBS' Hodulik: Disney's next quarter is going to be dramatically worse than Q1 By www.cnbc.com Published On :: Wed, 06 May 2020 10:24:16 GMT John Hodulik, telecom analyst at UBS, talks Disney's first-quarter results. Full Article
9 Maley: It's going to be tough for the markets to rally much further By www.cnbc.com Published On :: Thu, 07 May 2020 10:10:27 GMT 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. Full Article
9 Wharton's Jeremy Siegel declares end to the 40-year bull market in bonds By www.cnbc.com Published On :: Tue, 05 May 2020 23:30:02 GMT Wharton finance professor Jeremy Siegel expects the interest rate on bonds and inflation to significantly rise over the next several years. Full Article
9 Fed's James Bullard says the jobs report on Friday will be one of the worst ever By www.cnbc.com Published On :: Wed, 06 May 2020 14:38:20 GMT Bullard's comments came minutes before ADP reported that private payrolls shed more than 20 million jobs in April amid coronavirus shutdowns. Full Article
9 Norwegian Cruise Line raises over $2 billion to withstand 'well over' a year without revenue By www.cnbc.com Published On :: Wed, 06 May 2020 14:30:14 GMT "When the transactions are completed, the additional liquidity alleviates management's concern about the Company's ability to continue as a going concern for the next 12 months," Norwegian said in a statement Wednesday. Full Article
9 Here's what happened to the stock market on Wednesday By www.cnbc.com Published On :: Wed, 06 May 2020 21:36:06 GMT The Dow and S&P 500 closed lower on Wednesday as investors weighed the potential of the U.S. economy reopening amid more dismal employment data. Full Article
9 Virgin Media and O2 agree on $39 billion merger to create a new UK telecom giant By www.cnbc.com Published On :: Thu, 07 May 2020 10:33:36 GMT The combined group could put pressure on rival telecommunications firms BT, Vodafone and Sky. Full Article