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Hilton is in a good position to withstand the coronavirus: Macquarie

As the travel and tourism industry struggles with the fallout from the coronavirus, Chad Beynon of Macquarie explains why Hilton's franchise business model makes it resilient in this challenging environment.




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Booking Holdings CEO says a coronavirus vaccine is needed to make travelers feel safe again

Even as economies start to reopen, Booking Holdings CEO Glenn Fogel said the travel industry will take years to recover to pre-coronavirus levels.




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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.




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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.




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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.




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Most 2020 swing state voters want more direct payments during coronavirus, CNBC/Change Research poll finds

Democrats are pushing for at least one more round of direct payments during the coronavirus crisis after many voters got $1,200 stimulus checks.




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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.




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Hydroxychloroquine fails to help hospitalized coronavirus patients in US funded study

Hydroxychloroquine, a decades-old malaria drug touted by President Donald Trump, didn't appear to help hospitalized patients with Covid-19, according to a new observational study.




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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.




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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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Spain reports uptick in daily coronavirus deaths; Australia plans reopening in 3 stages

Spain saw 229 new deaths related to Covid-19, up from 213 the day before.




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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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US lawmakers urge Mnuchin to crack down on airlines cutting worker hours after taking billions in coronavirus aid

Three Senate Democrats are urging Treasury Secretary Steven Mnuchin to crack down on airlines that are cutting employee hours, despite billions in federal coronavirus relief.




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New York City partners with Salesforce on coronavirus contact tracing program, mayor says

Salesforce will deploy a call center as well as a customer relationship and case management system that will help the city track potential cases and isolate people before they become sick, de Blasio said.




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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.




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Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak

On Wednesday, Cuomo said most new Covid-19 hospitalizations in New York state are from people who were staying home and not venturing much outside.




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New York investigates coronavirus in children after 5-year-old NYC boy dies from complications, Gov. Cuomo says

New York is investigating how Covid-19 impacts children after a 5-year-old boy in New York City died due to coronavirus-related complications, Gov. Andrew Cuomo said Friday.




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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.




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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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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.




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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.




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Singapore is not yet halfway through its coronavirus outbreak, says minister

Migrant workers living dormitories have accounted for around 87.6% of Singapore's total 19,410 confirmed cases as of Tuesday, according to the health ministry.




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Stock markets could still relapse on coronavirus worries: JPMorgan

Investors should be prepared for a potential stock market relapse and that they are not solely invested in the United States, says David Kelly, chief global strategist for JPMorgan Asset Management. He suggests exploring countries in East Asia, which will likely exit the coronavirus crisis faster than Europe or the U.S.




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I propose 'shelter in place' approach to fight the coronavirus: Vickers Venture Partners Chairman

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.




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Coronavirus could help Tesla retain EV lead as traditional automakers pare electric investments

Many of the new EVs that were supposed to enter the U.S. market to challenge the California carmaker this year are being delayed.




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Tesla CEO Elon Musk's coronavirus rant highlights just one of many hurdles automakers face in reopening plants

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.




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Electric cars take the spotlight in China's post-coronavirus stimulus plans

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.




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USAA chief: Coronavirus 'cabin fever' may be behind car crash uptick after initial steep decline

"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.




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Fiat Chrysler to restart US production in two weeks after coronavirus shutdowns lead to $1.8 billion quarterly loss

Despite the "unexpected and unprecedented times" due to Covid-19, the company, said Tuesday that it and French automaker PSA Group "remain committed" to a previously announced merger of equals.




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Ford and 3M begin shipping respirators to front-line health workers fighting coronavirus pandemic

About 90 United Auto Workers union members have assembled more than 10,000 respirators at a Ford plant near Flat Rock, Michigan.




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Subway CEO defends franchise owners who applied for coronavirus small business loans

"We literally have 10,700 franchisees in the U.S., and on average they own two restaurants apiece," Subway CEO John Chidsey told CNBC.




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Mark Cuban says a lottery system is the only fair way to grant small business coronavirus loans

Cuban, who owns parts of many small businesses through "Shark Tank," also said owners should apply to multiple banks to boost their chances of getting relief.




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How this company totally transformed its business model to survive the coronavirus

Gargiulo Produce opened in 1929 as a vegetable cart going door to door to sell food. Now, the company sells online to survive the coronavirus shutdown.




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This skincare company saw record sales in April even as coronavirus pandemic ravaged retail

The rise of virtual hangouts and work meetings hasn't been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold. But the clean beauty market has been a bright spot.




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How Latino small business owners are keeping their businesses running during coronavirus

Latino entrepreneurs are among the majority of small business owners directly impacted by the economic fallout.




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Coronavirus fraud: Two New England men are first to be charged with scamming small business loan program

The men are charged with fraudulently applying for more than $500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak.




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Klobuchar, Warren urge FTC to take more steps to help small businesses avoid coronavirus scams

Amy Klobuchar and Elizabeth Warren raise concerns about scammers taking advantage of business owners seeking aid during the coronavirus.




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So much money, so little oversight: Coronavirus bailout cash is a big target for fraud

With so much money being issued so quickly, the potential for scams and misuse runs rampant.




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This realtor became a trucker after the housing crisis and now pulls in six figures during the coronavirus pandemic

April Coolidge used to work in real estate but now she makes more money driving a truck than she ever did selling houses.




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Elon Musk interrupts NASA-SpaceX call during question about his coronavirus views: 'Move on'

SpaceX CEO Elon Musk unexpectedly spoke up during a NASA conference call on Thursday




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This pregnant Goldman Sachs trader says Wall Street will never be the same after the coronavirus

After the coronavirus pandemic forced traders to work from home, Wall Street has gone virtual, leaning on tech platforms like Symphony and Zoom.




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Rocket Lab CEO: The space industry is entering at least 'a year and a half slog' due to coronavirus

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.




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Cargo carriers reap rewards of coronavirus chaos

Cargo carriers have become a hot corner of the airline industry as airlines idle planes to face the coronavirus pandemic




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Longtime bull Jeremy Siegel: March coronavirus swoon in stocks 'definitely going to be the low'

"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.




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NYT: EU bows to pressure to soften criticism of how the Chinese government pushed disinformation about the coronavirus

New York Times reporter Matt Apuzzo discusses his piece on how Beijing moved to tamp down criticism from the West over its response to the coronavirus pandemic.




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Top-ranked Barron's advisor on investment strategies amid the coronavirus outbreak and market volatility

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.




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China tourism revenue drops nearly 60% in first major holiday since coronavirus outbreak

During the Labor Day holiday that ran from May 1 to May 5 this year, China recorded tourism revenue of 47.56 billion yuan ($6.79 billion), down nearly 60% from last year, according to the Ministry of Culture and Tourism.




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Clorox CEO boosts ad spend by $50 million as disinfectant demand surges amid coronaviurs pandemic

"We're investing in future capacities so that we're better equipped to meet the demand in future surges," Clorox CEO Benno Dorer said.




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Masimo CEO says its remote oxygen monitors were made to mitigate diseases like coronavirus

Masimo CEO Joe Kiani discussed how the medical device maker's telehealth systems can be useful in the fight against coronavirus.