coronavirus

Mark Cuban, Leonardo DiCaprio, and ARod go 'all in' to fight hunger caused by coronavirus

The #AllInChallenge from Fanatics founder Michael Rubin has enlisted celebrities and sports stars including Leonardo DiCaprio, ARod and Mark Cuban to fight COVID-19 food insecurity.




coronavirus

Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go up

The Omega Family Office chairman and CEO said on CNBC's "Squawk Box" that taxes will need to go up regardless of who wins the upcoming presidential election.




coronavirus

Coronavirus 'is a true black-swan event,' sparking corrections across global markets

International investors believe coronavirus is truly a global phenomenon, and the entire global stock market has been taken down.




coronavirus

Wall Street bulls and bears fight over what the economic recovery from coronavirus will look like

Strategists debate how long it will take to contain the coronavirus outbreak as it hits the United States and roils markets.




coronavirus

Here's what would happen if coronavirus forces the NYSE to close its trading floor

The New York Stock Exchange is prepared for the possibility that someone working on its trading floor may contract coronavirus.




coronavirus

Fed surprises market with program to support corporate bonds amid coronavirus pandemic

Under a program called the Secondary Market Corporate Credit Facility, the Federal Reserve will buy corporate bond and exchange traded funds.




coronavirus

Father of Wall Street's 'fear gauge' sees wild volatility continuing until coronavirus cases peak

Robert Whaley, who created the original VIX in 1992, says the most important thing for markets is to reduce the uncertainty around the coronavirus crisis.




coronavirus

NYSE-legend Art Cashin gives his first comments on the coronavirus sell-off and when we recover

Cashin was in a car accident in early February (he was not driving) and has been recuperating. We spoke to him by phone from his home.




coronavirus

Bill Gates: Coronavirus may be 'once-in-a-century pathogen we've been worried about'

"I hope it's not that bad, but we should assume it will be until we know otherwise," Gates wrote in an article published Friday in The New England Journal of Medicine.




coronavirus

Bezos loses $7 billion overnight, $18 billion in a month, as market sells off on coronavirus fears

Concerns over coronavirus have roiled markets and torched hundreds of billions in paper wealth from the world's billionaires over the past month. But last night's declines could be the largest overnight wealth loss in nearly a decade.




coronavirus

Warren Buffett's daughter reportedly self-quarantines after potential coronavirus exposure

Susie Buffett sat next to someone who had just returned from a trip to Spain and subsequently rested positive for COVID-19, the Omaha World-Herald reported.




coronavirus

Coronavirus: CEO behind Buffett, Bezos health venture says US 'death toll curve' worse than China

"Our death toll curve is now worse than when China was at the same stage," Haven CEO Dr. Atul Gawande tells CNBC.




coronavirus

Warren Buffett says the economy will overcome coronavirus: 'Nothing can basically stop America'

Warren Buffett said he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.




coronavirus

Warren Buffett says Berkshire sold all its airline stocks because of the coronavirus

Buffett said Berkshire sold its entire stake in United, American, Southwest and Delta Airlines, worth more than $4 billion on December 31.




coronavirus

Warren Buffett gave airlines another go. Coronavirus was a problem he couldn't stomach

Warren Buffett has again ditched the airline sector as coronavirus threatens to be a challenge too big for him to stomach.




coronavirus

Buffett on coronavirus, airlines and more: Watch the 5 best moments from the Berkshire meeting

Berkshire Hathaway's 2020 annual shareholder meeting, the "Woodstock for Capitalists," was hosted virtually for the first time ever.




coronavirus

Global growth will benefit after coronavirus: Bokeh Capital Partners CIO

Kim Forrest, founder and chief investment officer at Bokeh Capital Partners, and David Ellison, portfolio manager at Hennessy Funds, join 'The Exchange' to discuss markets.




coronavirus

Dealing with the mental health fallout of the coronavirus

Dr. Simon Rego, Montefiore Health System in New York, on the mental health crisis spurred by the coronavirus pandemic.




coronavirus

'If you're a shareowner in Amazon, you may want to take a seat' — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response

Amazon will invest heavily in Covid-19 testing for its employees.




coronavirus

United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemic

United Airlines had reported a first-quarter pretax loss earlier this month.




coronavirus

Apple reports flat revenue and does not offer guidance because of coronavirus uncertainty

Apple did not issue guidance for the quarter ending in June, as it usually does. The company withdrew guidance for its second-quarter in February as the Covid-19 coronavirus spread in China.




coronavirus

Warren Buffett's Berkshire swings to massive $50 billion net loss after coronavirus pummels stock investments

Berkshire's first-quarter net loss totaled $49.75 billion. A year earlier, net earnings totaled $21.66 billion.




coronavirus

Wayfair shares rocket higher as coronavirus-related store closures shift more demand its way

Online furniture retailer Wayfair's net loss widened during the first quarter, as its sales surged nearly 20% from a year ago.




coronavirus

Cheesecake Factory swings to a loss as coronavirus weighs on earnings

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.




coronavirus

Beyond Meat shares rise as first-quarter revenue soars 141%, but it withdraws 2020 forecast due to coronavirus

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.




coronavirus

General Motors ekes out $294 million profit in the first quarter despite crippling production and sales from coronavirus

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.




coronavirus

Lyft shares jump 15% as company reports more riders than last year despite coronavirus

Lyft reports its first-quarter results on Wednesday after the bell.




coronavirus

Peloton sales surge 66%, as more people buy bikes during coronavirus pandemic; shares jump

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.




coronavirus

Valuations only part of the picture in coronavirus crisis, strategist says

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.




coronavirus

Working to ensure we emerge stronger from coronavirus crisis, Solvay CEO says

Ilham Kadri, CEO of Solvay, discusses the chemicals company's first-quarter earnings.




coronavirus

Croatia brings new coronavirus infections down to single digits

Croatian Prime Minister Andrej Plenkovic discusses the EU's response to the Covid-19 pandemic and how the country has handled the crisis.




coronavirus

Economic scars will remain for EU after coronavirus, official says

EU Economic Commissioner Paolo Gentiloni discusses the economic impact of the coronavirus pandemic across the euro zone.




coronavirus

Coronavirus an 'unbelievable' challenge for hospitality sector, IHG CEO says

Keith Barr, CEO of InterContinental Hotels Group, discusses the impact of the coronavirus pandemic on the company.




coronavirus

Expecting recovery from coronavirus to be L-shaped, strategist says

Stephen Isaacs, chairman of the investment committee at Alvine Capital Management, discusses the market recovery from the coronavirus crisis.




coronavirus

HSBC results were unsurprising given economic fallout from coronavirus, says analyst

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.




coronavirus

The coronavirus crisis is 'accelerating' the need for economic transformation: Citi

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.




coronavirus

Andrew Forrest on using business power to fight Australia's coronavirus crisis

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.




coronavirus

Earnings will get a massive hit this year from the coronavirus hit: Portfolio Manager

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.




coronavirus

North Asian tech stocks are attractive despite coronavirus crisis: State Street

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.




coronavirus

The coronavirus pandemic is a 'crisis of trust' for consumers: Majid Al Futtaim CEO

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.




coronavirus

Stem cell treatment for coronavirus symptoms being trialed in the UAE

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.




coronavirus

Trump is playing the coronavirus 'blame game' with China ahead of the 2020 election: OCBC

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.




coronavirus

Op-Ed: Cancer surgeries and organ transplants are being put off for coronavirus

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.




coronavirus

Coronavirus-earnings season: What to expect as companies begin to report Tuesday

Companies in every sector face challenges giving forward-looking guidance in a pandemic that remains unpredictable.




coronavirus

Op-ed: How the US can win the post-coronavirus race for global dominance

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.




coronavirus

Op-ed: Investors will reward companies that take care of others in the coronavirus pandemic

Acts of charity, compassion, and creative generosity may resonate with investors increasingly drawn to socially responsible investing.




coronavirus

Op-Ed: Britain needs an economic model to guide the lifting of the coronavirus lockdown

Covid-19 has forced epidemiology and economics to become intertwined as never before.




coronavirus

Op-Ed: Local bars and restaurants face extinction because of coronavirus – and government needs to step up

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.




coronavirus

Siemens sees bigger hit from coronavirus impact coming as second-quarter profit plunges

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.




coronavirus

Repurposing existing drugs to treat coronavirus will likely be quicker than a vaccine, scientists claim

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.