man Ousted WeWork CEO Adam Neumann is suing SoftBank — Here's why By www.cnbc.com Published On :: Tue, 05 May 2020 14:21:13 GMT Founder and former CEO of WeWork Adam Neumann is suing SoftBank, the company's biggest investor. CNBC's Deidre Bosa reports. Full Article
man 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 By www.cnbc.com Published On :: Wed, 06 May 2020 06:56:01 GMT 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. Full Article
man Mortgage bailout swells to 4.1 million borrowers, but demand is slowing By www.cnbc.com Published On :: Fri, 08 May 2020 14:50:20 GMT In the past week, 225,000 more borrowers took advantage of government and bank mortgage forbearance programs, according to data firm Black Knight. Full Article
man NFL teams seeing high early ticket demand despite Covid-19, agency SeatGeek says By www.cnbc.com Published On :: Fri, 08 May 2020 17:42:17 GMT The Las Vegas Raiders, Los Angeles Rams and Tampa Bay Buccaneers are among the most in-demand teams, while demand for Patriots tickets is way down, according to ticket volume data provided by SeatGeek. Full Article
man Shanghai Disneyland tickets sellout for opening day, signaling pent up demand for theme parks By www.cnbc.com Published On :: Fri, 08 May 2020 15:14:27 GMT It seems Chinese consumers aren't afraid to return to theme parks. Tickets for Monday's reopening of Shanghai Disney sold out within minutes. Full Article
man NY Gov. Cuomo says he won't sacrifice human lives to reopen the economy: The argument is 'absurd' By www.cnbc.com Published On :: Thu, 07 May 2020 19:36:43 GMT "This is not a situation where you can go to the American people and say, 'How many lives are you willing to lose to reopen the economy?' We don't want to lose any lives," Cuomo said. Full Article
man California Gov. Gavin Newsom unveils health guidelines for retailers and manufacturers to reopen starting Friday By www.cnbc.com Published On :: Fri, 08 May 2020 01:09:46 GMT California Gov. Gavin Newsom announced on Thursday a list of health guidelines that retailers, manufacturers and warehouses must adopt to begin offering curbside pick-up as early as Friday. Full Article
man Gold is one of the few industries without a demand issue: Evolution Mining By www.cnbc.com Published On :: Wed, 06 May 2020 01:26:09 GMT 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. Full Article
man Many potential pitfalls for UK-US trade deal: Brookings Institution By www.cnbc.com Published On :: Wed, 06 May 2020 02:27:07 GMT The potential trade deal with the U.S. is very important for the U.K, but the negations will probably be challenging and drawn-out due to issues such as agricultural, data flows, and intellectual property, says Joshua Meltzer of the Brookings Institution. Full Article
man Even if China sells US treasuries, demand from other sources will keep the dollar elevated: TD Securities By www.cnbc.com Published On :: Thu, 07 May 2020 02:50:50 GMT According to Mark Mccormick of TD Securities, there lacks a realistic alternative in the currencies markets, so even if China sells U.S. treasuries, demand from other sources will come in and keep the U.S. dollar elevated for the next couple of months. Full Article
man 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
man 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
man 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
man 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
man 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
man Kudlow says third round of PPP small business loans might be needed as demand soars By www.cnbc.com Published On :: Sun, 03 May 2020 14:25:39 GMT The second round of the Paycheck Protection Program launched last Monday and has so far provided over 2 million loans worth over $175 billion out of the total $310 billion Congress authorized in the latest relief package. Full Article
man This pregnant Goldman Sachs trader says Wall Street will never be the same after the coronavirus By www.cnbc.com Published On :: Fri, 01 May 2020 15:18:54 GMT After the coronavirus pandemic forced traders to work from home, Wall Street has gone virtual, leaning on tech platforms like Symphony and Zoom. Full Article
man Emanuel: The market has tried to take bad economic news in stride By www.cnbc.com Published On :: Tue, 05 May 2020 10:39:25 GMT Julian Emanuel of BTIG discusses whether health data related to the virus pandemic has become the market's new economic data. Full Article
man Suze Orman mashup! By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Check out this mashup of some of Suze Orman's best advice and make sure to watch The Susan Orman Show series finale on Saturday, March 28 9p ET. Full Article
man Clorox CEO boosts ad spend by $50 million as disinfectant demand surges amid coronaviurs pandemic By www.cnbc.com Published On :: Wed, 06 May 2020 20:21:37 GMT "We're investing in future capacities so that we're better equipped to meet the demand in future surges," Clorox CEO Benno Dorer said. Full Article
man Many restaurants would 'shut down completely' under Tennessee's reopening guidelines, Jim Cramer says By www.cnbc.com Published On :: Tue, 05 May 2020 22:57:31 GMT "These rules are safe and healthy for the customer, which is great, but there's simply no way most restaurants can possibly obey them without going right out of business," the "Mad Money" host said. Full Article
man Coronavirus fallout: Here are the 16 department stores Nordstrom is closing permanently By www.cnbc.com Published On :: Fri, 08 May 2020 20:30:46 GMT Nordstrom announced earlier this week it will be permanently closing 16 of its department stores, after assessing each state that it operates in and the hit it is taking because of the coronavirus pandemic. Full Article
man Bill Ackman looks to find another winner in restaurants, where his track record is perfect By www.cnbc.com Published On :: Sat, 09 May 2020 12:02:05 GMT Pershing Square made six previous investments in this industry and has never lost money on any of them. Full Article
man Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go up By www.cnbc.com Published On :: Thu, 23 Apr 2020 14:55:40 GMT 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. Full Article
man Barrick CEO says there's rising demand for gold as a 'self-funded insurance policy' in a global crisis By www.cnbc.com Published On :: Wed, 06 May 2020 17:52:15 GMT Barrick Gold CEO Mark Bristow joins Squawk Box after the company reports earnings, to speak about the spike in demand for gold during the coronavirus crisis. Full Article
man Copper stuck in no-man's land, but one trader's betting on a bounce By www.cnbc.com Published On :: Tue, 17 Sep 2019 18:06:25 GMT Copper cools off. Is the red metal showing cracks? With CNBC's Seema Mody and the Futures Now traders, Brian Stutland from the CME and Anthony Grisanti at the NYMEX. Full Article
man Saudi's pumping more oil & slowing global demand say sell By www.cnbc.com Published On :: Thu, 26 Sep 2019 18:16:36 GMT Will oil continue to slide lower as the Saudis ramp up production following the attack? With CNBC's Seema Mody and the Futures Now traders, Jim Iuorio at the CME and Anthony Grisanti at the NYMEX. Full Article
man Arizona State management school holds graduation ceremony via robot By www.cnbc.com Published On :: Sat, 09 May 2020 00:05:51 GMT Arizona State plans to use robots during the graduation ceremony for its Thunderbird School of Global Management. The school's dean, Dr. Sanjeev Khagram, and Juili Kale, one of its soon-to-be graduates discuss. Full Article
man Clorox says sales jump 15% on strong demand for cleaning products, raises forecast By www.cnbc.com Published On :: Fri, 01 May 2020 12:47:49 GMT Clorox cleaning segment, which includes its namesake bleach and Pine-Sol, saw sales growth of 32%. Full Article
man Wayfair shares rocket higher as coronavirus-related store closures shift more demand its way By www.cnbc.com Published On :: Tue, 05 May 2020 15:58:13 GMT Online furniture retailer Wayfair's net loss widened during the first quarter, as its sales surged nearly 20% from a year ago. Full Article
man ECB ruling: German court can only check core of domestic constitution, analyst says By www.cnbc.com Published On :: Tue, 05 May 2020 10:04:15 GMT Volker Wieland, endowed chair of monetary economics at the Institute for Monetary and Financial Stability, discusses the impending verdict on whether the ECB's public sector purchase program is legal under German law. Full Article
man Today's market composition doesn't reflect who is leading the rally, fund manager says By www.cnbc.com Published On :: Wed, 06 May 2020 07:49:43 GMT Guy de Blonay, fund manager for global equities at Jupiter Asset Management, discusses investing amid the coronavirus crisis. Full Article
man Seeing spike in demand for sedatives and painkillers, Fresenius CFO says By www.cnbc.com Published On :: Wed, 06 May 2020 09:48:54 GMT Rachel Empey, CFO of Fresenius, outlines how the healthcare firm's earnings are being impacted by the coronavirus crisis. Full Article
man German court ruling on ECB bond buying 'laughable,' Societe Generale chair says By www.cnbc.com Published On :: Fri, 08 May 2020 09:06:02 GMT Lorenzo Bini Smaghi, chairman of Societe Generale and former member of the ECB's executive board, discusses the German constitutional court's call for the European Central Bank to justify its bond-buying program. Full Article
man ECB has responded well to German court ruling, former ECB vice president says By www.cnbc.com Published On :: Fri, 08 May 2020 10:03:35 GMT Vitor Constancio, former vice president of the ECB, discusses the German constitutional court's ruling on the European Central Bank's bond-buying program. Full Article
man WTI went negative on issues with demand, not high supply, CIO says By www.cnbc.com Published On :: Mon, 27 Apr 2020 07:25:34 GMT Fadi Arbid, CIO at Amwal Capital Partners, said he believes oil output cuts will go a long way in addressing oil volatility but the major issue plaguing prices is the coronavirus hit on demand. Full Article
man Earnings will get a massive hit this year from the coronavirus hit: Portfolio Manager By www.cnbc.com Published On :: Wed, 29 Apr 2020 07:21:36 GMT 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. Full Article
man Humanitarian spaces for refugees may shrink amid virus crisis: ICRC president By www.cnbc.com Published On :: Thu, 07 May 2020 08:14:23 GMT We are "worried" that humanitarian spaces for refugees may shrink if coronavirus infections within refugee camps rise, says Peter Maurer, president of the International Committee of the Red Cross. He says he also expects ICRC's funding to become "very problematic" with donor countries increasing spending on their own economies. Full Article
man Analyst expects low demand for soft commodities to continue from virus outbreak By www.cnbc.com Published On :: Thu, 07 May 2020 09:45:57 GMT Global demand on soft commodities has taken a huge hit with the pandemic shutting down food industries across countries, in addition to rising trade tensions between the U.S. and China. Oscar Tjakra from Rabobank gives his market outlook on the back of these issues. Full Article
man This is how many furloughed Main Street employees will get jobs back By www.cnbc.com Published On :: Tue, 05 May 2020 16:49:01 GMT As the economy reopens from the coronavirus shock, not all small business jobs held on Main Street will be coming back, not even by a long shot, according to the Q2 2020 CNBC|SurveyMonkey Small Business Survey. Full Article
man New outbreaks in Germany, South Korea underline risk of easing restrictions By www.cnbc.com Published On :: Sat, 09 May 2020 12:45:13 GMT Fresh coronavirus outbreaks at slaughterhouses in Germany and new cases reported Saturday in South Korea linked to a man who had visited multiple nightclubs highlighted the challenges authorities face as they seek to open up their economies. Full Article
man Lime CEO: Seeing really strong demand over last four weeks By www.cnbc.com Published On :: Thu, 07 May 2020 17:44:19 GMT CNBC's Deirdre Bosa talks with Wayne Ting, Lime CEO, after Uber announced it's leading a $170 million investment round in Lime. Uber will transfer its own electric bike and scooter business to Lime under the terms of the deal. Full Article
man Neiman Marcus files for bankruptcy protection By www.cnbc.com Published On :: Thu, 07 May 2020 14:40:31 GMT CNBC's Courtney Reagan reports on retailer Neiman Marcus' decision to file for Chapter 11 bankruptcy amid the coronavirus pandemic. Full Article
man Grant Thornton's Swonk: I fear how many layoffs will become permanent By www.cnbc.com Published On :: Fri, 08 May 2020 16:05:25 GMT Diane Swonk of Grant Thornton and Brent Schutte of Northwestern Mutual join "Squawk on the Street" to discuss the latest jobs numbers and economic fallout of the coronavirus pandemic. Full Article
man Pharma giants granted coronavirus approvals but doubts remain on manufacturing a global vaccine By www.cnbc.com Published On :: Mon, 04 May 2020 11:23:14 GMT Experts warn that vaccine timelines look ambitious and argue more thought is needed on manufacturing. Full Article
man Is the ECB stimulus program legal? A German court is about to decide By www.cnbc.com Published On :: Mon, 04 May 2020 10:56:00 GMT European debt holders are cautiously awaiting a ruling from a German court, which could impact how the ECB faces the ongoing economic crisis. Full Article
man German court says the European Central Bank now needs to prove its bond buying is needed By www.cnbc.com Published On :: Tue, 05 May 2020 10:26:24 GMT The German court said the decision does not concern any financial assistance measures taken by the European Union or the ECB in the context of the current coronavirus crisis. Full Article
man European airlines drop guidance and warn it could take years for demand to bounce back By www.cnbc.com Published On :: Thu, 07 May 2020 13:45:49 GMT A number of European airlines have dropped their financial guidance for the year, as the ongoing coronavirus pandemic creates widespread uncertainty about when business will return to normal. Full Article
man German court ruling on ECB purchases is 'laughable,' Societe Generale chair says By www.cnbc.com Published On :: Fri, 08 May 2020 10:27:08 GMT Germany's constitutional court threatened to block fresh purchases of German bonds through the European Central Bank's program. Full Article
man Trump will make a deal with Iran if he gets re-elected, DAMAC chairman says By www.cnbc.com Published On :: Tue, 21 Jan 2020 13:43:16 GMT But Hussain Sajwani, chairman of Middle Eastern property development firm DAMAC, says he doesn't expect President Donald Trump to secure a deal in the Middle East this year. Full Article