ga

Oil and gas companies set to lose $1 trillion in revenues this year

The energy sector is shrinking so dramatically that it's become the second-smallest group in the whole S&P index.




ga

The US wind industry installed over 1,800 megawatts in first quarter, but the coronavirus remains a risk

The renewable energy sector is being affected by the coronavirus in a number of ways.




ga

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.




ga

Oil reverses gains and turns negative as supply glut weighs

Oil moved between gains and losses on Wednesday amid hopes for a recovery in demand as some countries ease coronavirus lockdowns, while oversupply fears continued to weigh.




ga

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.




ga

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.




ga

NHL Commissioner Gary Bettman: No COVID-19 in NHL reported yet

The commissioner says he would like to call this time a "pause" for the league instead of a suspension.




ga

NFL players union approves new agreement that includes pay increases and extra regular season game

The National Football League Players Association has approved terms of a new 10-year collective bargaining agreement with NFL team owners.




ga

NFL cancels 2020 draft event in Las Vegas due to coronavirus

The NFL draft will still be televised, even though the public, in-person event in Las Vegas has been canceled.




ga

NBCUniversal's Peacock has a buffer against ad slowdown with launch partners — here's why they signed up

Peacock is soft-launching as streaming hours are up, but advertisers are pulling and decreasing spend.




ga

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.




ga

Trade groups representing PepsiCo, Procter & Gamble and others want guidance on factories from Pence

Trade groups representing the country's biggest consumer companies, including PepsiCo, Procter & Gamble and Clorox, wrote a letter to Vice President Mike Pence on Thursday urging federal guidance on how to safely manage their factory workers as states begin to reopen for business.




ga

Coronavirus mortgage bailout program grows again as more homeowners delay payments

Applications to the government's mortgage bailout program have been swelling at a rate of about half a million a week.




ga

Covid-19 is forcing mortgage and rent delays

Mortgage and rent payments for the month of May are now due. CNBC's Diana Olick reports on how many Americans are unable to pay as the coronavirus crisis continues.




ga

I just refinanced my mortgage, despite coronavirus. Here's what I learned

Two months after applying for a new loan, I closed on April 27. The process was painless, but some things were worth noting for those exploring an online mortgage or refinance during coronavirus.




ga

Weekly mortgage applications show real recovery in homebuying, as interest rates set another record low

Homebuyers appear to be heading slowly back into the market, as the coronavirus-stricken economy begins to reopen.




ga

Struggling to pay your mortgage? Here's how to get help

If you have been financially impacted by Covid-19 and are worried about paying your mortgage, you could consider applying for forbearance. Under the Cares Act, struggling homeowners can either reduce or pause payments on a federally backed mortgage loan. Many private lenders are also offering relief.




ga

Mortgage bailout swells to 4.1 million borrowers, but demand is slowing

In the past week, 225,000 more borrowers took advantage of government and bank mortgage forbearance programs, according to data firm Black Knight.




ga

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.




ga

California Gov. Gavin Newsom unveils health guidelines for retailers and manufacturers to reopen starting Friday

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.




ga

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.




ga

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.




ga

Watch out Macau, this may be the next gaming hub

Can South Korea's first foreign-owned casino give casino hotspots like Vegas and Macau a run for their money? CNBC's Julia Wood, Susan Li and Bernie Lo discuss.




ga

Why Australia REITs may outperform: Morgan Stanley

CNBC's Julia Wood reports on the chances of a resurgence in Australian real estate trusts.




ga

Oil prices to trade above 50 dollars again next year: ING

Warren Patterson of ING explains why he sees a rebound in oil prices next year.




ga

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.




ga

Trump's tariff threats against China are 'largely bluster': Charles Schwab

It will be difficult for U.S. President Donald Trump to backtrack on the U.S.-China "phase one" trade deal after previously lauding it as "the best deal ever made", says Jeffrey Kleintop of Charles Schwab, adding that March trade data shows a pickup in U.S. exports to China.




ga

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.




ga

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.




ga

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.




ga

Nintendo's 2020 game pipeline is looking weak: Analyst

Despite the strong demand for Nintendo's Switch console and the breakout success of its "Animal Crossing: New Horizons" title, Kazunori Ito of Morningstar Investment Management Asia says he does not see a strong game pipeline for the company this year.




ga

Elon Musk's F-bomb rant against lockdowns reflects 'growing sentiment,' says Dr. Scott Gottlieb

"That's going to tug against what the governors have to do," the former FDA chief told CNBC. "We still face a pretty big epidemic in this country."




ga

Michigan lawmakers lead congressional push to include auto industry in next stimulus bill

"The projected economic fallout for the (auto) industry is grave," reads the bipartisan letter signed by nine lawmakers from Michigan, Ohio, Tennessee, Texas and Alabama, all states with big auto manufacturing plants.




ga

Michigan governor to allow state's auto manufacturing plants to reopen next week

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.




ga

Putting the economy back together again: What the future holds for Americans

After the coronavirus pandemic passes, life will continue in many regards, but nothing will be the same and the economy won't return to the way it was, not for a long time.




ga

Morganlander: Would be a buyer in the markets right now of higher quality companies

Chad Morganlander of Washington Crossing Advisors discusses the factors behind the market's snap-back in April, and which stocks could continue to lead during the uncertainty from the virus pandemic.




ga

Fed's Barkin doubts likelihood of negative rates even though the market is pricing them in

Traders on Thursday priced in a negative federal funds rate by December 2020, lasting at least to January 2022




ga

Stock market live Friday: Record job losses, investors focused on reopening, Dow gains 450

A conversation about the latest market-moving news, including the upcoming jobs report.




ga

Suze Call: Gail, Arkansas

Gail wants to know whether a 529 or whole life insurance policy is the best way to save money for her grandson's college education.




ga

Cramer's lighting round: JPMorgan Chase is an 'out-of-favor stock'

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.




ga

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.




ga

CES will propel gains for tech investors, historical data shows

The Consumer Electronics Show, which kicked off Tuesday, could produce more gains for the tech sector, according to hedge fund trading tool Kensho. Historical data shows the VanEck Vectors Semiconductors ETF logs an average gain of nearly 1% during the four-day span of CES.




ga

Alphabet's trillion-dollar mark won't be the end of the near-term gains in stock, according to history

Alphabet hit a $1 trillion market valuation, an elite status only Apple, Microsoft and Amazon previously touched. Gains for the Google parent are not about to stop, history says.




ga

This defensive sector is market's best right now, and history suggests more gains are coming

Utilities is now the stock market's best-performing sector this year, as the coronavirus sends investors into a defensive position. History says gains can continue.




ga

Cramer says Virgin Galactic rally will end badly: 'No one is going to Mars that I know of'

Cramer said he did not understand the market's enthusiasm for Virgin Galactic, which has more than tripled in the past three months.




ga

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.




ga

Stock market leaders unite against calls to stop trading, saying it would only compound anxiety

Closing the stock market amid the coronavirus pandemic might only amplify investors' anxieties.




ga

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.




ga

Investors should have up to 10% in this 'hedge against the unexpected,' says 'Godfather' of gold

George Milling-Stanley, who helped create the SPDR Gold Trust, says the precious metal is not just a hedge against inflation but against the unexpected.




ga

Bill Gates: Coronavirus may be 'once-in-a-century pathogen we've been worried about'

"I hope it's not that bad, but we should assume it will be until we know otherwise," Gates wrote in an article published Friday in The New England Journal of Medicine.