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Millions of 'easy-to-use' coronavirus tests will be available by end of summer, top US health official says

Americans need coronavirus tests "that do not require hours or days to determine results," the head of the NIH tells Congress.




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Parts of Asia that relaxed restrictions without a resurgence in coronavirus cases did these three things

"This is a tough, tough virus," said disease specialist Dr. Dale Fisher. "All it takes is one infected person and it spreads like wildfire."




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Japan jumps more than 2% as Asia stocks rise ahead of US jobs report

The U.S. employment report for April is expected to be out at 8:30 a.m. ET Friday. Economists expect that more than 20 million jobs were lost last month, according to Dow Jones.




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Charles Schwab to offer investors fractional trades of S&P 500 companies including Amazon and Apple

With Schwab Stock Slices, investors will be able to trade fractional shares of any S&P 500 company, including Amazon, Apple, Disney, Facebook and Netflix, starting at $5 each.




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Before the pandemic, Americans prioritized paying down debt—now experts say you may want to hold off

Before the coronavirus pandemic shut down many parts of the U.S. and put millions out of work, Americans held an average of $26,621 in personal debt, excluding mortgages. Many prioritized paying that off. But now, those feeling the impacts of the coronavirus may need to think twice about their priorities, financial planners say.




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How Warren Buffett's son spent the $90,000 of Berkshire stock he got at 19—worth $200 million now: 'I don't regret it'

Rather than spending his Berkshire Hathaway stock inheritance on extravagant things (or allowing it to accrue in value), Warren Buffett's son says he used it to buy something "infinitely more valuable than money." And he has no regrets.




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Shut out of PPP loans, struggling with no child care: How Covid-19 is impacting women-owned small businesses

CNBC Make It spoke to female entrepreneurs about the impact today's pandemic is having on their companies as they fight for federal funding, pivot business operations and manage child-care.




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These 3 Etsy shop owners have each sold hundreds of cloth face masks since the pandemic started

These three Etsy shop owners share what it's been like to sell protective face masks during the coronavirus pandemic.




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Fashion designer Rebecca Minkoff has advice for small businesses struggling through the pandemic

As co-founder and creative director of her own fashion line, Rebecca Minkoff understands the current struggles small-business owners are now facing — especially women. Here's her advice on how to survive.




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Elon Musk: I am not the 'biggest fan' of Warren Buffett – but his job is 'important'

"Warren Buffett for example ... to be totally frank, I'm not his biggest fan, but he does a lot of capital allocation," Tesla CEO Elon Musk said on "The Joe Rogan Experience" podcast. "I mean, that's kind of a boring job if you ask me, but it's still a thing that's important to figure out."




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'Like a kid whose parents are withholding critical information': How workers feel about virtual layoffs

Companies large and small are handling layoffs over minutes-long, scripted video calls, but workers say there's a better way to handle them.




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Zoom strikes a deal with NY AG office, closing the inquiry into its security problems

The agreement comes one day after the NYC Department of Education lifted its ban on Zoom after approving new safety features.




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Dropbox rises after company posts first quarterly profit

It's the first time Dropbox's bottom line is in the black since the company went public two years ago.




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When will hospitals and doctors' offices be open for normal business again? Here's what health experts think

Hospitals are looking for ways to re-open their doors to patients in a way that limits their risk of exposure.




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Facebook will allow most employees to work from home through end of 2020

Facebook CEO Mark Zuckerberg will announce Thursday that most of the company's employees will be given the choice to continue to work from home through the end of 2020, a company spokeswoman told CNBC.




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Apple is reportedly starting to build some of its AirPods in Vietnam

About 30% of the company's classic AirPods will be produced in Vietnam rather than China, the Nikkei Asian Review reported.




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In Milan, tall buildings covered in trees offer a glimpse of what urban living could look like in the future

Milan is home to the Bosco Verticale, or Vertical Forest, a striking development of residential buildings.




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Oil surges 20%, posts fifth straight day of gains for first time since July

Oil prices jumped on Tuesday in their fifth straight day of gains as traders eyed demand recovery as economies reopen.




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Oil drops nearly 2%, erasing earlier gain of more than 11%

Oil prices reversed gains to settle lower on Thursday, despite optimism surrounding producers scaling back production as well as demand improving.




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Oil jumps 5%, posts second straight week of gains

Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick up.




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Sports teams can hang onto sky-high valuations by taking care of employees now during coronavirus outbreak

As coronavirus suspends sporting events, experts say team owners will need to show leadership and financially assist workforces to preserve valuations.




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MLB to offer compensation to minor league players affected by coronavirus work stoppage

Major League Baseball said it will offer financial assistance to minor league players affected by the work stoppage due to the coronavirus pandemic.




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Tom Brady and the Bucs: Pundits expect clashes in playing style and a test of team culture

The Tom Brady to Tampa Bay Buccaneers deal has yet to be compete, but some NFL pundits see both pros and cons to the partnership.




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Ad giant WPP pulls dividend, CEO 'very cautious' about the impact of virus on marketing budgets

The world's largest advertising group pulled its dividend and share buyback and withdrew guidance for 2020 on Tuesday, after clients cancelled marketing booked with the company due to the coronavirus crisis.




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LinkedIn offers to connect job-seekers with essential businesses for free

In the wake of COVID-19 shutting down broad swaths of the economy, LinkedIn is ditching the core engine of its business model to help people connect with jobs at no cost.




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Online education company Coursera offers unemployed workers thousands of free courses

Unemployed workers are gaining free access to 3,800 courses created by elite universities and companies such as Amazon to learn skills and gain professional certificates for new job opportunities.




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Nearly a fifth of Wendy's US restaurants are out of beef, analyst says

Stephens Inc. said its estimate is based on an analysis of online menus for every Wendy's location nationwide.




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Gap plans to reopen 800 stores by the end of May

Gap Inc. is preparing to reopen 800 of its apparel shops by the end of May, as states such as Texas and South Carolina slowly begin to lift lockdown restrictions that were put into place due to the coronavirus pandemic.




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Target in talks to boost its same-day delivery ambitions by buying pieces of startup Deliv

The aspect of the technology that interests Target is its ability to pool multiple orders and route them to a similar place, NBC News reports.




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Amazon and Microsoft trade barbs over JEDI contract appeal

The JEDI, or Joint Enterprise Defense Infrastructure, deal worth up to $10 billion has become one of the most tangled contracts for the Department of Defense.




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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.




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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.




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Over 50% of department stores in malls predicted to close by 2021, real estate services firm says

Department stores still represent about 60% of the anchor space within malls across the U.S. today, according to Green Street Advisors.




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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.




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Consumer debt hits new record of $14.3 trillion

Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 trillion clear of the previous nominal high of $12.7 trillion in the third quarter of 2008 during the financial crisis,




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US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report

Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP.




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California identifies nail salons as source of coronavirus community spread, Gov. Newsom says

Unlike some other states that have announced reopenings, California nail salons won't be allowed to reopen until the state's phase 3.




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Republicans stall on next coronavirus relief bill, United Airlines halts $2.25 billion bond offering

Covid-19 has infected more than 3.8 million people around the world as of Friday, killing at least 269,881 people.




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Moderna CEO says supply of coronavirus vaccine will be limited, US will help decide who gets it first

"We will all be supply constrained for quite some time, meaning we won't be able to make as many product as will be required to vaccinate everyone on the planet," CEO Stephane Bancel said on CNBC's "Squawk Box."




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Trump shrugs off the brutal jobs report, focuses more on Michael Flynn case

Trump said he's not to blame after the Labor Department reported a devastating loss of more than 20 million jobs in the coronavirus crisis last month.




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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.




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Sanctions send soft signals to Russia: Pro

Stephen Yates, CEO at DC International Advisory, says the sanctions that have slapped on Russia have not been hard-hitting at all.




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The curious case of vanishing tweets

Twitter says a technical glitch could be why some of its most popular tweets have disappeared from its platform. CNBC's Julia Wood reports.




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Time to go risk-off on stocks?

Scott Nations, Chief Investment Officer & President at NationsShares, says recent declines on Wall Street "may be more than a dip" and investors should avoid taking risks.




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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.




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Stop focusing on geopolitics of coronavirus with China, says Australian CEO

Australia has "no benefits at all" from focusing on its coronavirus-related geopolitics with China, one of its major trading and business partners. It should focus instead on people's health and economic recovery, says Mark Allison, CEO and managing director of Elders Limited.




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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.




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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.




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'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.




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Gold is one of the few industries without a demand issue: Evolution Mining

Jake Klein of Evolution Mining explains why gold companies are faring better than most sectors during this time of extended uncertainty due to the coronavirus pandemic.