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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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Here's why restaurants reopening could be good news for summer jobs

Prior to the pandemic, a historically tight labor market was pushing employers to get creative to find and keep talent. Now, it's enhanced unemployment benefits that are causing a challenge.




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Denver restaurant group owner: We're still unsure of what "reopening" looks like in this new reality

Frank Bonanno, the owner of the Bonanno Concepts restaurant group in Denver, discusses how the industry will attempt to reopen gradually Colorado lifts some lockdown measures, including transforming the dining experience.




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Tannebaum: Businesses are treading cautiously to stay within the confines of the conditions of the PPP

Daniel Tannebaum of Oliver Wyman discusses the liability issues companies who participate in the Paycheck Protection Program face, and how the government should continue to refine the legislation.




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Estee Lauder CEO: 'Consumer finds a way to get the product they want,' as online sales grow double digits

"The consumer finds a way to get the product they want" and "found a way to buy our product online more than usual," Estee Lauder CEO Fabrizio Freda said.




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Many restaurants would 'shut down completely' under Tennessee's reopening guidelines, Jim Cramer says

"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.




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When will restaurants and bars reopen? Here's what experts are saying

The outlook for U.S. restaurants in the near term is bleak, dominated by massive unemployment and closures, but Asia may provide a path forward.




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House Democrats hope to vote on coronavirus bill next week as Republicans press pause

Democrats are pushing to pass their next coronavirus relief bill, but Republicans have less urgency as they grow wary of taxpayer spending.




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How the Fed's fighting to keep Covid-19 from causing an extended financial crisis

The U.S. Federal Reserve is trying to keep the coronavirus crisis from becoming an extended financial crisis. And the Fed's measures go beyond anything the central bank did during the Great Recession of 2009.




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Bill Ackman looks to find another winner in restaurants, where his track record is perfect

Pershing Square made six previous investments in this industry and has never lost money on any of them.




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Wildlife habitat destruction and deforestation will cause more deadly pandemics like coronavirus, scientists warn

Habitat destruction like deforestation and agricultural development on wildland are increasingly forcing disease-carrying wild animals closer to humans, allowing new strains of infectious diseases to thrive.




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FDA gives emergency authorization for new antigen test to help detect coronavirus quicker and cheaper

There is a higher chance of false negatives with an antigen test and a negative result may need to be confirmed with an additional PCR test prior to further treatments.




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Strategist Jim Paulsen: The stock market 'oozes panic' and appears near a bottom

"I would start to nip away at it on these kind of down days that we have," the Leuthold chief investment strategist said Wednesday.




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How the coronavirus changed life in China: CNBC Beijing Bureau Chief Eunice Yoon

CNBC Beijing Bureau Chief Eunice Yoon reflects, as both a reporter and a Beijing resident, on what daily life has been like during the COVID-19 outbreak in China.




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Ted Cruz, other senators, warn Saudis to stop using oil in 'economic warfare' against the US

Sen. Ted Cruz said a group of nine senators recently ripped into the Saudi ambassador to the United States in a conference call over its oil price war with Russia.




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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.




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Stop blaming short sellers for causing the market drops

Blaming short sellers is misguided. European countries have banned short selling but their markets continue to fall.




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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.




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Luckin Coffee is a painful reminder of 'the extreme fraud risk' of some China-based companies

Accounting woes at Luckin Coffee led to a 75% decline in the Chinese company's stock on Thursday.




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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.




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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.




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Buffett cautions on 'extreme consequences' from the Fed's recent moves

Buffett praised the Fed for its actions to blunt the effects of the coronavirus but said he worries about the repercussions.




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Crude gets crushed after Saudis signal faster comeback from attacks

The crude crush continues after yesterday's surge. With CNBC's Seema Mody and the Futures Now traders, Brian Stutland from the CME and Anthony Grisanti at the NYMEX.




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Oil rebounds as investors focus on Saudi risks

Crude rebounds. Is a rally on the horizon? With CNBC's Seema Mody and the Futures Now traders, Brian Stutland and Jim Iuorio, both at the CME.




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Saudi's pumping more oil & slowing global demand say sell

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.




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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.




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Restaurant Brands' Popeyes sales surge, while Tim Hortons misses estimates

Restaurant Brands said on Friday comparable sales at its Popeyes fast-food chain surged 26.2%, surpassing Wall Street expectations, powered by demand for its popular chicken sandwiches.




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The businesses that made Disney a juggernaut are suddenly hurting, distracting from its streaming success

Disney wants Wall Street to focus on its growing streaming business, but its media networks, theme parks and film studio have grown too large to be ignored. That's become a big problem during coronavirus shutdowns.




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Second quarter will be 'worst point in time' for European autos, analyst says

Jurgen Pieper, senior advisor for automobiles at Metzler, discusses the impact of the coronavirus pandemic on the autos sector.




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German court ruling on ECB bond buying 'laughable,' Societe Generale chair says

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.




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Amazon launches new Exclusives store

CNBC's Dominic Chu and Tom's Guide Associate Editor Michael Andronico discuss Amazon's new Exclusives store and its motivation for investing in brands funded by Kickstarter campaigns.




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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.




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Op-ed: Recovering from this unprecedented oil crash could take years and may not benefit Saudi or Russian producers

Saudi Arabia and Russia aim to inflict pain on American producers, forcing them to shutter wells and give up the market share.




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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.




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Facebook just launched its brand new site — here's how to check it out if you don't see it yet

Facebook's new homepage is live now. Here's how to switch to it.




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Options on bitcoin futures just launched. Here's what you need to know

Exchange-traded bitcoin options launched Monday on the Chicago Mercantile Exchange, and they will likely provide a great tool for cryptocurrency speculators.




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Democrat and Republican voters remain split on Covid-19 precautions in battleground states, poll shows

CNBC's Eamon Javers breaks down new survey results from battleground states, and split opinions on the coronavirus pandemic among Democratic and Republican voters.




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Why this restaurateur is suing his insurer over coronavirus

Legal Sea Foods CEO Roger Berkowitz joins "Squawk on the Street" to discuss his decision to sue his insurer to cover damages to his restaurants from the coronavirus shutdown.




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Cramer: I wasn't hopeful about Covid vaccine but Fauci's optimism could change my mind

CNBC's Jim Cramer said Thursday that he has gained confidence in Moderna's potential coronavirus vaccine due to recent comments from Dr. Anthony Fauci.




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German court ruling on ECB purchases is 'laughable,' Societe Generale chair says

Germany's constitutional court threatened to block fresh purchases of German bonds through the European Central Bank's program.




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A recent jump in the Aussie dollar may point to further gains

The Aussie dollar could see a spurt higher as recent activity shows it testing a long-term resistance level of 81.




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Gold is exhibiting an untidy uptrend and traders should be cautious

Gold has the potential to breakout above the critical long term resistance level near $1,364 and move towards $1,550, according to Daryl Guppy.




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The behavior of the Australian dollar is a contradiction

On the one hand the Australian market is making new 10 year highs, on the other, the Australian dollar has broken a long term uptrend and is rapidly moving towards 12-month, and potentially, two-year lows.




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What to watch in Australia's market-currency contradiction

The market contradiction with the Australian dollar persists, writes Daryl Guppy.




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Australia's currency decline is collateral damage in Trump's trade war

There was a contradiction when Australia's stock market was making new 10-year highs but the currency was posting significant lows. A big question has now been answered, Daryl Guppy writes.




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Box CEO on launching new layout

Aaron Levie, Box CEO, joins "Closing Bell" to talk about the company's new layout.




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Zimbabwe urged to prioritise children as record poverty causes food shortages

Researchers sound the alarm after statistics reveal almost half of impoverished children in rural areas do not have enough to eat

Poverty has reached unprecedented levels in Zimbabwe, with more than 70% of Zimbabwean children in rural areas living in poverty, a UN study has found.

The report, compiled by Unicef and the Zimbabwe National Statistics Agency, shows high levels of privation in rural areas, where 76.3% of children live in abject poverty. Statistics seen by the Guardian suggest that almost half of these children do not have enough of the right food to eat.

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

Continue reading...




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These 3 tweaks will simplify your money. Because life is complicated enough

Streamline your money life with a few easy changes and mindset tweaks. Life is difficult enough right now.




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Stay on evictions in New York will continue through August, Gov. Cuomo says

New York Gov. Andrew Cuomo extended the moratorium on evictions through August. The state has been the epicenter of the coronavirus pandemic.




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Paul Tudor Jones calls bitcoin 'fastest horse' in this environment

FM trader Brian Kelly on legendary investor Paul Tudor Jones buying bitcoin. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.