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Uber cuts 3,700 jobs, CEO foregoes salary due to uncertain pandemic impact

Uber will lay off 3,700 employees, the company announced in a filing with the Securities and Exchange Commission Wednesday. The cuts to its customer support and recruiting teams represent about 14% of its 26,900 employees, based on Uber's most recent headcount. CEO Dara Khosrowshahi will also forgo his base salary for the rest of the year, which was $1 million in 2019.




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Jim Cramer on the 10-year anniversary of the stock market's 'Flash Crash'

CNBC's "Squawk on the Street" crew remember the midday market flash crash of May 6, 2010.




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Retailers face new task of keeping customers safe as stores reopen

CNBC's Courtney Reagan reports on the task many retailers now face: keeping customers safe once stores are open.




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Wholesale inventories fall 0.8% in March

CNBC's Rick Santelli reports the latest wholesale inventories data for the month of March.




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

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




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German court says the European Central Bank now needs to prove its bond buying is needed

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.




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Sweden, UK and three other European nations are not seeing a drop in coronavirus cases, EU agency says

The European Union's agency for disease control has said that the U.K. is among five countries in the region that are still not seeing a decline in new coronavirus cases.




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Trump's hostility toward a digital tax could unite Europe to implement one, lawmaker says

Disagreements with U.S. President Donald Trump could drive Europe to step up levies on companies like Google and Facebook, a lawmaker told CNBC.




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Greece's strict fiscal targets will likely be relaxed in 2021 as well, minister says

Greece might be spared from having to hit strict fiscal targets related to previous bailouts next year, a government official told CNBC, given the ongoing health and economic crises.




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UK could start lifting coronavirus lockdown measures from Monday, PM says

"We will want, if we possibly can, to get going with some of these measures on Monday," U.K. Prime Minister Johnson told Parliament.




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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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'Biggest disappointment' for the West is China isn't aligning with it: Ian Bremmer

Ian Bremmer, founder of Eurasia Group, says China is getting more powerful and not aligning with the West. This will lead to separate systems like two separate Internets.




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Customs union has not helped UK firms, economist says

Gerard Lyons tells CNBC there is too much fear about leaving the EU without a deal.




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Brexit delay puts Bank of England in a really tight spot, expert says

Hetal Mehta, senior European economist at Legal & General Investment Management, discusses the impact of Brexit on U.K. policymakers.




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2020 will see more store closures, expert says

Stacey Widlitz, president at SW Retail Advisors, speaks to CNBC about the retail picture in both the U.K. and the U.S.




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Washington's heart 'really isn't in it' with Russia sanctions: Director

Samuel Greene, director of the Russia Institute and reader of Russian politics at King's College London, speaks to CNBC about new U.S. sanctions on Nord Stream 2.




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You can't deal with international trade if not multilaterally, OECD chief says

Angel Gurria, secretary general of the OECD, discusses U.S.-China trade, multilateralism and digital taxes.




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Trump will make a deal with Iran if he gets re-elected, DAMAC chairman says

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.




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

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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Some hope for the recovery in the dismal jobs report: 78% of workers say their layoff is temporary

Nearly 4 in 5 people who lost their jobs in the coronavirus crisis told the government they see their layoffs as temporary.




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'The fabric of America is being destroyed.' Why this ex-Trump official says student debt needs to be canceled

"The fabric of America is being destroyed through this process." Here's why the former Trump administration official in charge of student debt is now calling for most of the debt to be canceled.




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'Not the economy, stupid': A majority of Americans say 2020 election will be about other issues

A majority of Americans think a recession is likely in the next year, but amid historically low unemployment and a record stock market, most voters say the 2020 election will not be about the economy, according to a new CNBC Invest In You survey on money and politics released Monday.




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Why now might be a good time to save in a Roth 401(k) or Roth IRA

Roth accounts may make sense for a larger number of Americans due to low historical income-tax rates and the U.S. budget deficit, which some experts believe will necessitate the government raising tax rates in the future.




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How Bernie Sanders and Pete Buttigieg donations measure up

CNBC's "Power Lunch" team discusses the Democrats racing for donations with CNBC.com political finance reporter Brian Schwartz and Robert Frank.




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UFC President Dana White says sports can resume but will 'lose a lot of money'

Ultimate Fighting Championship President Dana White said Tuesday he believes many sports leagues could resume competition but it would come at a price.




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Richard Trumka: If people don't feel safe, they won't return to work

Richard Trumka, President of the AFL-CIO, joins "Closing Bell" to discuss reopening the economy.




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Parents asking if it's safe to open summer camps

Jonathan Gold, CEO of Arbor Group of Day Camps, and Ruben Arquilevich, VP of the Union of Reform Judaism Camps, join "Closing Bell" to discuss their decisions on summer camps.




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SAP CEO on the company's new contact tracing app in Germany

SAP and Deutsche Telekom are working on a contact tracing app to track infections in Germany. Christian Klein, SAP CEO, joins 'Closing Bell' to discuss the app, privacy concerns, the change in the company's executive leadership and the plan for recovery.




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Etsy e-retail sales jump 79%, sold 12 million face masks in April, CEO says

Etsy CEO Josh Silverman discussed the e-retailer's sales swings from March to April and how the company has responded to the coronavirus pandemic.




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Coronavirus border closures strand tens of thousands of people across Africa

Migrants trapped in dangerous conditions at frontiers, ports and transit camps

Tens of thousands of migrants are trapped in dangerous conditions at frontiers, mines, ports and in transit camps across Africa after states shut their borders in an attempt to stem the spread of Covid-19.

Some have been abandoned by smugglers unable to take them further on their journeys to Europe or elsewhere. Others were returning home or moving across the continent in search of work when frontiers were closed in March.

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How health savings accounts have adjusted for the coronavirus pandemic

Health savings accounts, or HSAs, will cover Covid-19-related testing and treatment, among other things.




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Federal business disaster loans now capped at $150,000 and limited to agriculture

The Small Business Administration has sharply curtailed the Economic Injury Disaster Loan program, limiting new applicants to only agricultural businesses and capping max loan amounts at $150,000, down from $2 million, according to reports.




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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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Cornerstone Macro's Carter Worth says financials fall may continue

Cornerstone Macro's Carter Worth takes a look at the financial sector. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Guy Adami, Brian Kelly and Steve Grasso.




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Don't chase MAGA stocks, top strategist Tony Dwyer says

Canaccord Genuity's Tony Dwyer thinks the MAGA rally will crack. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman.




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

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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Trader says 'no guidance, no problem' for this medical device company—Here's why

Is Abbott Labs a buy? With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Pete Najarian and Steve Grasso.




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Ethanol plummets, plants turn to hand sanitizer

Jeff Broin, founder & CEO of POET, the world's largest producer of ethanol, says production is down by half, but two plants are being turned into hand sanitizer facilities, a new revenue stream the company plans to keep.




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As markets rally, technician says the charts suggest more gains ahead

Strategas' Chris Verrone on where the markets are headed from here. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.




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San Francisco targets May 18 for some businesses to resume

CNBC's Dominic Chu reports that San Francisco is targeting May 18 to reopen some businesses.




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Red Arrows fly over London to mark 75th anniversary of VE Day - video

The RAF's display team colour the skies above London red, white and blue to mark the 75th anniversary of VE Day. Nazi commanders surrendered to allied forces in a French schoolhouse 75 years ago on 8 May 1945, bringing the second world war in Europe to an end.

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Royals and politicians observe two-minute silence to mark 75th VE Day anniversary - video

Britain observed a two-minute silence on Friday to commemorate the 75th anniversary of VE Day, marking the end of the second world war. Charles, the Prince of Wales, and the Duchess of Cornwall led the ceremony from Balmoral in Scotland. Political leaders also paid silent tribute at 11am along with the rest of the nation. Nazi commanders surrendered to allied forces in a French schoolhouse 75 years ago to the day.

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'Mixed messages': UK government's strategy fuels fears of rule-breaking

Critics of No 10 warn U-turns undermining efforts to keep public safe from coronavirus

First people were meant to stay at home to save lives, and then government sources raised the prospect of picnics with pals and sunbathing in the park just before a sunny bank holiday weekend.

Boris Johnson told the nation that scientists thought face masks might help stop the spread of the disease, but no change was made to the government advice that they were not needed outside medical and care settings.

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Bangladeshi journalist is jailed after mysterious 53-day disappearance

Campaigners warn Shafiqul Islam Kajol faces a lengthy sentence as his family worries about his exposure to Covid-19 in prison

Fifty-three days after he disappeared, Bangladeshi journalist Shafiqul Islam Kajol turned up on Sunday in police custody at a border town 150 miles from where he had last been seen.

“I am alive,” he told his son by phone, the first time the family had heard his voice since his disappearance in early March, a day after a case was filed against him and 31 others under the country’s controversial new Digital Security Act.

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Donald Trump says coronavirus will 'go away without a vaccine' - video

Donald Trump has asserted with no evidence that the coronavirus pandemic will ‘go away without a vaccine’. Without mentioning specifics, he pointed to other viruses and flus that ‘disappeared’ before vaccines were created. ‘They’ve never shown up again. They die, too. Like everything else, they die,’ Trump said. ‘It’s going to go away. And we’re not going to see it again, hopefully, after a period of time.’

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'A blessed initiative': secular Israel rejoices over Sabbath buses

Minibuses that run on Friday evenings and Saturdays buck state’s religious restrictions

Tel Aviv is one of Israel’s most dynamic cities, but the latest local craze could appear fairly humdrum to outsiders – a bus service that runs at weekends.

Packed 19-seat minibuses fill up fast with passengers, who excitedly gossip about the new routes. People patiently queue at bus stops, knowing they might have to wait for two or three buses to pass before there is a space. Still, they are upbeat. “It’s a pleasure,” said Ben Uzan, a 30-year-old electronic engineer. “It’s a blessed initiative.”

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Could Assad row with cousin tear down Syrian regime?

Power struggle between Bashar al-Assad and first cousin sparks rare family fissure and leaves public aghast

A defiant tyrant and his ruthless wife square up against the family oligarch, with the spoils of a nation at stake. It could be standard Ramadan television fare, but not this year. Instead, all the intrigue of Syria’s ruling family has been laid out in a spectacular real-life drama that has gripped the country and the region.

Leading the cast is the Syrian leader, Bashar al-Assad, and Syria’s first lady, Asma al-Assad, but star billing has so far been taken by the president’s first cousin, Rami Makhlouf, who last week took to Facebook to do the unthinkable: air the normally inscrutable family’s dirty laundry.

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'It happened all at once': Tara Reade details assault claim against Joe Biden in Megyn Kelly interview

Former staffer discusses allegation in in-depth interview with the former Fox News and NBC host

Tara Reade repeated her allegations of sexual assault against Joe Biden in an in-depth interview with Megyn Kelly released on Friday, answering questions on who she shared her story with and why she supported the former vice president publicly in the past.

Reade has accused Biden of sexually assaulting her in 1993, when she worked as an aide in his Senate office. She told Kelly, a former Fox News and NBC host who memorably sparred with Trump during the 2016 campaign over his treatment of women, that Biden pushed her against the wall in a Senate hallway and digitally penetrated her against her will.

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