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Steve Grasso breaks down why he bought Snap shares after earnings

By www.cnbc.com
Published On :: Tue, 29 Oct 2019 20:00:54 GMT

Steve Grasso, managing director of Institutional Trading at Stuart Frankel & Co., picked Snap Inc. as his last chance trade on CNBC's "Closing Bell."


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Activision levels up

By www.cnbc.com
Published On :: Fri, 08 May 2020 22:16:55 GMT

CNBC's Josh Lipton on Fortnite and the Activision Blizzard story. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Tony Zhang.


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Why some experts believe Tesla is better positioned to survive this recession than other US carmakers

By www.cnbc.com
Published On :: Sat, 09 May 2020 13:29:01 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.


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

By www.cnbc.com
Published On :: Thu, 30 Apr 2020 21:52:54 GMT

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.


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

By www.cnbc.com
Published On :: Tue, 05 May 2020 23:23:06 GMT

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.


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CVS Health first-quarter revenue rose 8% as customers rushed into stores to buy essentials; shares up

By www.cnbc.com
Published On :: Wed, 06 May 2020 21:43:22 GMT

The drugstore chain's stores have remained open as an essential retailer during the coronavirus pandemic, and it's also opened drive-thru testing sites.


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New York Times expects ad revenue to plummet 50% in Q2, but broke its record for net new subscriptions in a quarter

By www.cnbc.com
Published On :: Wed, 06 May 2020 18:25:08 GMT

The New York Times Company said it expects advertising revenue to fall between 50-55% year-over-year in the second quarter as impacts of the pandemic are hitting demand for advertisers. But the media company, which gets two-thirds of its revenue from subscriptions, said it added more than half a million net new digital subscriptions.


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Seven things you never knew about Scrabble

By www.cnbc.com
Published On :: Sat, 10 Mar 2018 01:35:59 GMT

In honor of Scrabble Day, CNBC has compiled the most important numbers on the world-popular board game. Did you known approximately 150 million sets have been sold worldwide?


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Oil, Covid-19 shock will not be a capital event for GCC banks: S&P Global Ratings

By www.cnbc.com
Published On :: Mon, 04 May 2020 08:03:57 GMT

Given the "strong profitability" of banks in the Gulf Cooperation Council countries, the oil price shock and the coronavirus pandemic are unlikely to deplete their capital base, says Mohamed Damak of S&P Global Ratings.


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Didi is 'even more confident' about entering global markets now, says president

By www.cnbc.com
Published On :: Thu, 07 May 2020 06:50:27 GMT

Didi Chuxing is now "even more confident and more committed" to the idea of entering global markets in the wake of the coronavirus crisis, says Jean Liu, president of the mobile app-based transportation firm.


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Op-Ed: SBA chief pledges 'every available resource' to aid small businesses

By www.cnbc.com
Published On :: Thu, 09 Apr 2020 18:43:38 GMT

All small businesses are eligible, including non-profits, self-employed individuals, sole proprietorships, and independent contractors, writes SBA Administrator Jovita Carranza.


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Op-ed: For Big Oil, this crisis will be different, and it may be irreversible

By www.cnbc.com
Published On :: Sun, 26 Apr 2020 13:20:02 GMT

Oil and gas companies delayed in transitioning from fossil fuels and lost investors. The oil price crash caused by the coronavirus threatens to make this shift permanent.


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Why the stock market is up even with historic job losses

By www.cnbc.com
Published On :: Fri, 08 May 2020 19:57:00 GMT

The most Americans in history lost their job in April, but markets are moving higher. Here's why.


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Roche CEO says it is 'very likely' people develop immunity after recovering from coronavirus

By www.cnbc.com
Published On :: Mon, 04 May 2020 13:19:17 GMT

Roche CEO Severin Schwan said more research is needed to prove people gain immunity from Covid-19 infections.


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The economic decline in the first quarter reveals even weaker consumers and more unknowns ahead

By www.cnbc.com
Published On :: Wed, 29 Apr 2020 16:52:36 GMT

Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home orders.


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Jobless claims tally could top 30 million if new filers are close to last week's level

By www.cnbc.com
Published On :: Thu, 30 Apr 2020 11:17:11 GMT

About 4 million workers could have filed for unemployment benefits last week, bringing total claims above 30 million in just six weeks.


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The way out of the recession depends on the level of consumer fear, economists say

By www.cnbc.com
Published On :: Mon, 04 May 2020 22:06:04 GMT

Never before has the U.S. fallen into a recession led by the services sector, so there is no real road map for the recovery.


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Recovery could be slow, uneven and dependent on whether companies still need as many workers

By www.cnbc.com
Published On :: Fri, 08 May 2020 19:27:37 GMT

There's optimism that nearly 4 in 5 workers surveyed see their layoffs as temporary, but the issue is whether their jobs will survive.


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Shanghai stocks are developing a classic pattern

By www.cnbc.com
Published On :: Tue, 20 Mar 2018 04:57:29 GMT

The Shanghai Index is developing a classic test and retest pattern that often precedes a major trend reversal.


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Never mind the pullback, technical analysis shows oil is headed for a rebound

By www.cnbc.com
Published On :: Tue, 17 Jul 2018 01:02:35 GMT

The pullback in oil prices takes place within the environment of a well-established uptrend, writes Daryl Guppy.


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Lyft beats on earnings and revenue

By www.cnbc.com
Published On :: Wed, 06 May 2020 20:23:03 GMT

CNBC's Deirdre Bosa reports quarterly earnings from Lyft.


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Lyft surges on revenue beat

By www.cnbc.com
Published On :: Wed, 06 May 2020 22:22:24 GMT

Brent Thill, managing senior analyst at Jeffries and Rohit Kulkarni, analyst at MKM Capital, join "Closing Bell" to discuss markets.


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Zillow beats revenue $1.1B adj. vs. $1.06B estimated

By www.cnbc.com
Published On :: Thu, 07 May 2020 20:26:37 GMT

CNBC's Diana Olick reports quarterly earnings from Zillow.


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Everbridge CEO talks Q1 earnings report, return-to-work solutions

By www.cnbc.com
Published On :: Wed, 06 May 2020 14:45:07 GMT

Everbridge CEO David Meredith discussed business systems to help combat the spread of coronavirus in the workplace.


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UN sounds alarm over unprecedented levels of hunger in southern Africa

By www.theguardian.com
Published On :: 2020-01-16T07:00:25Z

Women and children bear brunt as drought and extreme weather leave tens of millions short of food

Southern Africa is in the throes of a climate emergency, with hunger levels in the region on a previously unseen scale, the UN has warned.

Years of drought, widespread flooding and economic disarray have left 45 million people facing severe food shortages, with women and children bearing the brunt of the crisis, said the World Food Programme (WFP).

Related: Zimbabwe on verge of 'manmade starvation', warns UN envoy

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Overeating, boredom, self-medication: How grocery bills skyrocket even as food becomes scarcer

By www.cnbc.com
Published On :: Wed, 06 May 2020 13:13:22 GMT

Eating more healthy food? More junk food? Nearly everyone's eating and shopping habits are feeling the fallout of the pandemic — and boredom and anxiety are driving plenty of change.


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Disney hit by 'shocking reversal of fortune' The New York Times' Jim Stewart warns

By www.cnbc.com
Published On :: Tue, 05 May 2020 21:35:04 GMT

James Stewart, The New York Times columnist, on whether Disney can make up for its parks shutdown. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Steve Grasso and Karen Finerman.


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Bitcoin booms ahead of Monday's 'halving' event

By www.cnbc.com
Published On :: Fri, 08 May 2020 21:54:43 GMT

Bitcoin hits $10,000 ahead of Monday's 'halving' event. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Brian Kelly and Jeff Mills.


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US job losses have reached Great Depression levels. Did it have to be that way?

By www.theguardian.com
Published On :: 2020-05-09T09:00:52Z

The US and Europe have taken different approaches to tackling pandemic-induced unemployment but which is best long term?

In two, terrible, months the coronavirus pandemic has driven unemployment in the US to levels unseen since the 1930s Great Depression. Did it have to be this way?

Covid-19 has cost more than 33 million Americans their jobs in the last seven weeks – 10% of the entire US population. The official unemployment rate had shot up from 4.4% to 14.7% on Friday – a figure that probably wildly underestimates the true scale of job losses.

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India primed: what Amazon's vast new Hyderabad campus reveals about its plans

By www.theguardian.com
Published On :: 2019-12-31T07:00:29Z

Amazon have arrived in force in rapidly expanding Hyderabad, with designs on the currently almost non-existent Indian e-commence market

The futuristic lobby of the new Amazon building in Hyderabad feels as though it should have a permanent orchestra blasting out Also Sprach Zarathustra. The scale is intended to awe. A large slogan on a wall suggests the company is “Delivering smiles”. The only sound that rises above the hush is a synthesised beep, coming from a giant screen playing a video of the campus at various stages of its construction.

Built on nine acres in this Indian city’s financial district, it is Amazon’s single largest building globally and the only Amazon-owned campus outside the US. It can house over 15,000 employees, but its size is its main architectural feature: it resembles the same cube of glass steel and chrome seen in corporate offices across Hyderabad, though a flash of magenta reflected in one of the top floor windows, from a billowing sari across the road, is a nice Indian touch.

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The US recovery from the pandemic lags way behind Europe – even as states reopen

By www.theguardian.com
Published On :: 2020-05-08T11:19:56Z

While countries such as Spain and Italy that are lifting restrictions have forced the trend of infections down, in the US cases are rising

The US may be moving to loosen social distancing restrictions around the same time as several European countries but it remains in a far different, and worse, stage of the coronavirus pandemic.

While infections and deaths from Covid-19 quickly raced to terrifying peaks in Italy and Spain, both countries have managed to arrest the increase and are now forcing the key trends downwards.

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