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CNBC Business
Sep 24, 2020

Business News


CNBC Business
Sep 24, 2020

Everyone thought Germany and Italy weren't seeing a second wave of the coronavirus ... now maybe they are


CNBC Business
Sep 24, 2020

UK finance minister to announce emergency jobs package
U.K. Finance Minister Rishi Sunak is set to announce a new emergency package of measures to contain unemployment.

CNBC Business
Sep 24, 2020

Europe is facing a double-dip recession as coronavirus second wave arrives
Many economists who predicted a rebound in the second half of the year are now questioning those forecasts.

CNBC Business
Sep 24, 2020

Europe is facing a double-dip recession as the coronavirus returns
Many economists who predicted a rebound in the second half of the year are now questioning those forecasts.

CNBC Business
Sep 24, 2020

Unilever is using geolocation data and satellite imagery to check for deforestation in its supply chain
It's relatively straightforward to see via satellite imagery where deforestation has occurred, but harder to identify whether Unilever's suppliers have sourced crops from those areas.

CNBC Business
Sep 24, 2020

The Body Shop will buy 600 tons of waste plastic next year, and wants competitors to follow
Waste-pickers in some developing countries make a living by trading trash in an informal industry that can be dangerous and dirty, but The Body Shop is now working to source plastic from them — and wants other companies to join the initiative.

CNBC Business
Sep 24, 2020

Founder of bottled water giant Nongfu Spring becomes China's richest man
Steady gains in the public offerings of two Chinese stocks this year have vaulted their controlling stakeholder to the top of China's rich list.

CNBC Business
Sep 24, 2020

Singapore is committed to containing coronavirus pandemic even as daily cases fall, politician says
Early in the year, Singapore was a poster child for its efficient handling of the spread of the virus. But that success was threatened after an outbreak among foreign migrant workers residing in dormitories, who primarily hail from India and Bangladesh.

CNBC Business
Sep 24, 2020

Europe faces an economic winter as the virus returns
European economies could contract again in the fourth quarter as a second wave of coronavirus infections hits.

CNBC Business
Sep 23, 2020

Singapore hopes artificial intelligence will help boost its tourism industry
Local start-ups like Vouch and Travelstop are betting on their AI-powered systems to help the country navigate new security standards, as Singapore prepares to reopen its borders again after months of coronavirus travel restriction.

CNBC Business
Sep 23, 2020

Jim Cramer recommends buying Big Tech, dividend stocks into further weakness
CNBC's Jim Cramer said he expects more volatility for the market ahead, but recommended investors consider stocks like Apple and PepsiCo when they reach appropriate prices.

CNBC Business
Sep 23, 2020

Cramer sees 'huge positives' on Tesla's Battery Day, tells investors to be patient on stock
"If there hadn't been all of this hype about a million-mile battery, those would have been huge positives, and they were for me," said CNBC's Jim Cramer.

CNBC Business
Sep 23, 2020

United turns to interactive Google map to help travelers unsure of where to go in coronavirus era
United launched a Google-backed booking map that let's travelers filter out destinations by price and activity, such as hiking and culture.

CNBC Business
Sep 23, 2020

Jim Cramer on GoodRx's IPO: Start buying if the stock pulls back a little
CNBC's Jim Cramer said he believes in GoodRx's product and purpose, advising investors to take a small position in the company after its IPO.

CNBC Business
Sep 23, 2020

Should front-line medical workers get the coronavirus vaccine first? Not necessarily
Frontline health workers might seem like the obvious choice to get the vaccine first. But that might not necessarily be the right thing to do, bio-ethicists say.

CNBC Business
Sep 23, 2020

Trump's coronavirus vaccine czar says he's had 'enough' of Democratic calls for his firing over pharma stock holdings
Slaoui admitted in a phone interview with CNBC that he still holds shares in GlaxoSmithKline, where he worked for nearly 30 years, and said he plans to use them as part of his retirement.

CNBC Business
Sep 23, 2020

Judge orders Eric Trump to testify before election in New York attorney general probe of President Trump's company
The New York attorney general's office is probing whether the Trump Organization misstated the value of properties. They want to interview Eric Trump.

CNBC Business
Sep 23, 2020

Movie industry dealt devastating blow as 'Black Widow,' Marvel slate postponed
Disney's confidence in movie theaters' ability to recover in 2020 is waning. On Wednesday, the company pushed back a number of its theatrical releases including Marvel blockbuster "Black Widow."

CNBC Business
Sep 23, 2020

United turns to interactive Google maps to help travelers unsure of where to go in coronavirus era
United launched a Google-backed booking map that let's travelers filter out destinations by price and activity, such as hiking and culture.

CNBC Business
Sep 23, 2020

'You are not listening,' Fauci tells Sen. Rand Paul during a Senate hearing on the coronavirus
Dr. Anthony Fauci pushed back against Republican Sen. Rand Paul's claim that New York has overcome the pandemic because it achieved herd immunity.

CNBC Business
Sep 23, 2020

Fauci tells Congress the U.S. could have enough coronavirus vaccine doses for every American by April
Fauci also said there's "growing optimism" that scientists will find one or more safe and effective vaccines by the end of the year or early 2021.

CNBC Business
Sep 23, 2020

AstraZeneca coronavirus vaccine trial remains on hold in the U.S., HHS chief Azar says
AstraZeneca's late-stage coronavirus vaccine trial in the U.S. remains on hold as federal investigators seek "answers to important questions," HHS Secretary Alex Azar told CNBC.

CNBC Business
Sep 23, 2020

Southwest Airlines CEO 'hopeful' on more government aid but hesitant to cut capacity without it
Southwest Airlines CEO Gary Kelly says he's 'hopeful' the government will provide the industry with billions more in aid but says there are limits to cutting capacity without it.

CNBC Business
Sep 23, 2020

CDC director says more than 90% of Americans remain susceptible to the coronavirus
The comments cast even greater doubt on the feasibility of achieving so-called herd immunity, which is reached when enough of the population has developed immunity against the virus so that it cannot efficiently spread.

CNBC Business
Sep 23, 2020

New York attorney general opposes Eric Trump efforts to delay subpoena until after presidential election
The New York attorney general's office is probing whether the Trump Organization misstated the value of properties. They want to interview Eric Trump.

CNBC Business
Sep 23, 2020

Volunteers in the UK will reportedly be exposed to the coronavirus to speed up vaccine development
London is set to host the first human coronavirus "challenge trials," where volunteers are deliberately exposed to Covid-19 in order to test whether vaccines work, according to a report in the Financial Times.

CNBC Business
Sep 23, 2020

VW unveils new global ID.4 electric SUV; U.S. production starts in 2022
The vehicle will be targeted at mainstream buyers, starting at $39,995 when it arrives in U.S. showrooms early next year.

CNBC Business
Sep 23, 2020

Fauci tells Congress 'it might take some time' before the public gets a coronavirus vaccine
Fauci also said there's "growing optimism" that scientists will find one or more safe and effective vaccines by the end of the year or early 2021.

CNBC Business
Sep 23, 2020

Jeff Bezos' Blue Origin is looking to hire a developer of habitable space stations
Blue Origin is looking to hire an "Orbital Habitat Formulation Lead," according to a job posting earlier this week.

CNBC Business
Sep 23, 2020

Watch live: Top U.S. health officials testify before senators on the coronavirus pandemic
The hearing comes one day after the U.S. Covid-19 death toll surpassed 200,000, more than any other country in the world and the 11th highest national death toll when adjusted for population, according to data compiled by Johns Hopkins University.

CNBC Business
Sep 23, 2020

Nike's online business is booming — 'digital is here to stay,' CEO says
Nike is proving during the pandemic that its big bets in digital are paying off, as consumers are turning to its website and app in record numbers to shop for sneakers and workout apparel.

CNBC Business
Sep 23, 2020

5 things to know before the stock market opens Wednesday
Dow futures pointed to a gain at Wednesday's open, one day after the 30-stock benchmark broke a three-session losing streak.

CNBC Business
Sep 23, 2020

Walmart looks to hire 20,000 workers to help pack and ship holiday orders this year
The big-box retailer also joined other retailers in saying it will extend the length of Black Friday specials.

CNBC Business
Sep 23, 2020

'Collateral damage': Germany has limited its coronavirus death toll, but it hasn't escaped criticism
Germany has been praised for its tackling of the coronavirus pandemic but it's been accused of ignoring other areas of business and society that have suffered.

CNBC Business
Sep 23, 2020

Sweden's high coronavirus death toll could be linked to mild flu seasons, chief scientist says
Sweden's chief epidemiologist has partly blamed the country's high coronavirus death toll on mild flu outbreaks in recent winters.

CNBC Business
Sep 23, 2020

Johnson & Johnson enters late-stage trial testing its coronavirus vaccine
J&J is the fourth drugmaker backed by the Trump's administration's Covid-19 vaccine program Operation Warp Speed to enter late-stage testing.

CNBC Business
Sep 23, 2020

Nike shares soar 13% as online sales jump 82%, retailer sees rebound in China
Parents were seen stocking up on sneakers for their kids this back-to-school season, and Nike's business finally started to pick back up overseas amid the coronavirus pandemic.

CNBC Business
Sep 23, 2020

Sweden's high coronavirus death toll could be linked to a mild flu season, chief scientist says
Sweden's chief epidemiologist has partly blamed the country's high coronavirus death toll on mild flu outbreaks in recent winters.

CNBC Business
Sep 23, 2020

Euro zone recovery stutters in September as coronavirus infections rise
Euro zone businesses took a hit in September as countries grapple with a second wave of coronavirus infections, initial data showed Wednesday.

CNBC Business
Sep 23, 2020

Many thought airfares would spike in the age of coronavirus. That's not happening yet
To counteract falling demand, airlines have blocked middle seats, instituted more rigorous cleaning, and eliminated many change fees. But they haven't raised ticket prices yet.

CNBC Business
Sep 23, 2020

Will Smith and Kevin Hart are backing this 27-year-old's pandemic-proof start-up — even after 7 failures
From working with Will Smith and Kevin Hart, to hosting thousands of events, Run The World's founder Xiaoyin Qu has been busy lately.

CNBC Business
Sep 23, 2020

Jamie Dimon says he's OK with higher taxes on the rich, but wealth tax is 'almost impossible'
J.P. Morgan Chase's Chief Executive Jamie Dimon said calculating wealth can be "extremely complicated," so the rich should be taxed on their income.

CNBC Business
Sep 22, 2020

Jim Cramer: Investors should still sell Nikola even after its founder's resignation
"I'm not saying that shorts like Hindenburg are always right," CNBC's Jim Cramer said. "But when a short-seller highlights some major red flags, you've got to take it seriously. "

CNBC Business
Sep 22, 2020

Macy's CEO sees its stores providing an advantage during holiday shopping season
"We've all got A, B, C — we call it the 2020 options because whatever comes our way, we have to have flexibility," Macy's chief executive Jeff Gennette told CNBC's Jim Cramer.

CNBC Business
Sep 22, 2020

Stock market winners overshadow the need for economic stimulus, Jim Cramer says
"The visible stories are almost all positive. The negative stories are mostly hidden, at least when it comes to the stock market," CNBC's Jim Cramer said.

CNBC Business
Sep 22, 2020

NFL fines two more coaches, teams for coronavirus mask violations, source says
The National Football League issued fines to two more coaches who failed to wear masks on the sidelines as required by the league's Covid-19 protocols, a source told CNBC on Tuesday.

CNBC Business
Sep 22, 2020

Nike shares soar as online sales jump 82%, retailer sees rebound in China
Parents were seen stocking up on sneakers for their kids this back-to-school season, and Nike's business finally started to pick back up overseas amid the coronavirus pandemic.

CNBC Business
Sep 22, 2020

Stitch Fix shares plummet after personal styling service swings to a loss
The online personal styling service rebounded from supply chain challenges earlier during the coronavirus pandemic.

CNBC Business
Sep 22, 2020

Norwegian CEO sees lower 2021 bookings, hopes for an 'OK' year, as cruises try to resume despite coronavirus
Shares of the three major cruise companies that are traded in the U.S., Norwegian, Royal Caribbean and Carnival Corp., are down at least 50% from Jan. 1. However, all three have outpaced broader market gains since their lows in mid-March.

CNBC Business
Sep 22, 2020

Nike shares soar as sales top expectations thanks to digital growth, strength in China
Parents were seen stocking up on sneakers for their kids this back-to-school season, and Nike's business finally started to pick back up overseas amidst the coronavirus pandemic.

CNBC Business
Sep 22, 2020

NBA commissioner Adam Silver says league might not start next regular season until 2021
NBA commissioner Adam Silver said the 2020-21 regular season could start in January and the league wants to play its standard 82-game schedule.

CNBC Business
Sep 22, 2020

Carvana shares surge 30% after company projects record quarter
The online marketplace for used cars said it expects record revenue in its third quarter.

CNBC Business
Sep 22, 2020

Trump says U.S. will remain open as UK imposes coronavirus restrictions: 'We're not going to be doing that'
"The U.K. just shut down again. They just announced that they're going to do a shutdown, and we're not going to be doing that," President Donald Trump told Fox 2 Detroit during an interview.

CNBC Business
Sep 22, 2020

Hong Kong Disneyland set to reopen for a second time while California parks remain shuttered
Disney's Hong Kong-based theme park will finally be permitted to reopen this Friday, but Disney's California parks remain closed.

CNBC Business
Sep 22, 2020

U.S. health officials struggled to get public to cooperate with coronavirus contact tracing, new CDC study says
"The relatively low participation and cooperation with contact tracing suggests a lack of community support and engagement with contact tracing. This, coupled with delays in testing results, are contributing to ongoing transmission," the authors said.

CNBC Business
Sep 22, 2020

Delta will delay decision to furlough pilots until November, union says
Delta will delay the decision to furlough pilots until November an effort to give time to push for more federal aid and negotiate cost-cutting measures with the pilots' union.

CNBC Business
Sep 22, 2020

The U.S. coronavirus death toll tops 200,000, and it's just 'the tip of the iceberg'
"We're only seeing the tip of the iceberg. We're only nine months into this pandemic," said Dr. Syra Madad, senior director of the systemwide special pathogens program at New York City Health Hospitals.

CNBC Business
Sep 22, 2020

Coronavirus cases grow in more than half of U.S. states pushing nationwide number higher
New cases were growing by 5% or more, based on a seven-day average, in 29 states and Washington D.C. as of Monday, according to a CNBC analysis of data compiled by Johns Hopkins University.

CNBC Business
Sep 22, 2020

Stocks making the biggest moves midday: Amazon, Carvana, Tesla, Peloton and more
These are the stocks posting the largest moves in midday trading.

CNBC Business
Sep 22, 2020

Microsoft unveils Azure Orbital, competing with Amazon to connect satellites to the cloud
Microsoft will offer a new service called Azure Orbital that connects satellites directly to its cloud computing network.

CNBC Business
Sep 22, 2020

'This is deeply concerning,' ex-FDA chief Gottlieb says of CDC coronavirus guidance errors
"If it doesn't represent the work of CDC, it shouldn't have the CDC's logo on it," former FDA chief Dr. Scott Gottlieb told CNBC.

CNBC Business
Sep 22, 2020

GE plans big shift away from coal-fired power sector
The business has extensive experience in the coal industry.

CNBC Business
Sep 22, 2020

Carvana shares surge 29% after company projects record quarter
The online marketplace for used cars said it expects record revenue in its third quarter.

CNBC Business
Sep 22, 2020

NFL star DeAndre Hopkins beefs up investment portfolio with new BioSteel deal
Arizona Cardinals star DeAndre Hopkins negotiated is own football contract and now he's focusing on his off field investments

CNBC Business
Sep 22, 2020

Billionaire Barry Diller calls stock market 'great speculation,' urges everyone to save cash
"Personally, and professionally, every nickel you can, keep it ... wherever it's banked," IAC and Expedia Chairman Barry Diller said on CNBC on Tuesday.

CNBC Business
Sep 22, 2020

Op-ed: How America can help mint more million-dollar businesses amid the pandemic
With many small businesses struggling during the pandemic, the economy desperately needs more job-creating firms. The solution: prioritize access to capital, mentorship and supplier diversity.

CNBC Business
Sep 22, 2020

Brookfield Properties' retail arm is laying off 20% of its workforce, as pandemic hits malls
The mall owner is slashing jobs "to align with the future scale of our portfolio," Jared Chupaila, the CEO of Brookfield Properties' retail group, said this week in an email to employees, which was obtained by CNBC.

CNBC Business
Sep 22, 2020

'This is deeply concerning,' ex-FDA chief says of CDC coronavirus guidance errors
"If it doesn't represent the work of CDC, it shouldn't have the CDC's logo on it,"former FDA chief Dr. Scott Gottlieb told CNBC on Tuesday.

CNBC Business
Sep 22, 2020

Carvana shares surge 24% after company projects record quarter
The online marketplace for used cars said it expects record revenue in its third quarter.

CNBC Business
Sep 22, 2020

Most cars are painted one of these four colors—here's why
The vast majority of cars on the road around the world are painted in just a few colors - white, black, gray and silver. There are reasons for that. But they are not as boring as it might seems.

CNBC Business
Sep 22, 2020

Coronavirus vaccine won't bring about 'fairytale' ending to pandemic, expert warns
As the coronavirus pandemic continues to rage around the world, a lot of hope is being placed in finding an effective and safe vaccine against Covid-19. That might be a mistake, one expert says.

CNBC Business
Sep 22, 2020

5 things to know before the stock market opens Tuesday
U.S. stock futures pointed to a mixed open Tuesday, one day after a late-session turnaround cut the Dow's nearly 1,000 point decline almost in half.

CNBC Business
Sep 22, 2020

‘You have to be quite brave in these times,' says top fashion designer on running a business during the pandemic
Anya Hindmarch told CNBC that having to "shut and hibernate" her stores due to the coronavirus pandemic was a shock to the system.

CNBC Business
Sep 22, 2020

From curfews to calling in the army, here's what Europe is doing to tackle its coronavirus surge
There can be no doubt now that Europe is facing the much-feared "second wave" of coronavirus. Here's what the region is doing to tackle the surge.

CNBC Business
Sep 22, 2020

Satellite start-up ICEYE raises $87 million to build network with goal to see anywhere 4 times a day
Finnish startup ICEYE will further expand its satellite imagery business thanks the company's largest infusion of capital yet.

CNBC Business
Sep 22, 2020

Britain's oldest brewer installs automated tech to cut electricity use
The system was installed last week using a crane.

CNBC Business
Sep 21, 2020

Jim Cramer says the 'lockdown trade' is back as coronavirus concerns rise
"As long as there's a big line to get into elevators at offices, you can keep expecting cases will keep climbing, which means we're right back to where we started from," CNBC's Jim Cramer said.

CNBC Business
Sep 21, 2020

Eli Lilly CEO: Speed and industry cooperation are aiding coronavirus treatment development
"We developed this antibody and got to proof of concept in six months. Usually, that's more than six years," Eli Lilly CEO Dave Ricks said on CNBC's "Mad Money."

CNBC Business
Sep 21, 2020

Singapore has big driverless ambitions and the pandemic is unlikely to stop them
One of Singapore's goals is to ease the pressures of a growing and aging population on roads by using autonomous vehicles to boost public transport.

CNBC Business
Sep 21, 2020

Coca-Cola will enter U.S. hard seltzer market in first half of 2021, CEO says
The beverage giant's foray into the hard seltzer category represents the company's consumer-centric approach to growing business, CEO James Quincey told CNBC.

CNBC Business
Sep 21, 2020

Republican senators introduce bill for $28 billion in additional aid for airline industry as job cuts loom
With aid for beleaguered carriers running out, two key Republican senators introduce legislation for more than $28 billion in additional aid for the airline industry.

CNBC Business
Sep 21, 2020

Apple, Microsoft, Amazon and Alphabet are buys at these levels, Jim Cramer says
After a September sell-off, "Mad Money" host Jim Cramer says the technology giants have reached attractive valuations.

CNBC Business
Sep 21, 2020

Nikola founder Trevor Milton forfeits $166 million in stock he would have lost anyway and gets to keep $3.1 billion under separation deal
Nikola founder Trevor Milton really didn't give up much since the restricted shares he forfeited were contingent on his "continued service" at the company.

CNBC Business
Sep 21, 2020

Health-care stocks fall on uncertainty over Supreme Court and Obamacare
Health insurer and hospitals stocks sink on Supreme Court uncertainty

CNBC Business
Sep 21, 2020

With TikTok deal, Walmart could gain 'a front row seat to the next generation of consumers'
Industry watchers say the big-box retailer's ties to TikTok could help it sharpen its approach to targeted ads, turn user data into business strategies and establish a relationship with the many teens and twenty-somethings.

CNBC Business
Sep 21, 2020

Nikola founder Trevor Milton forfeits $166 million in stock he would have lost any way and gets to keep $3.1 billion under separation deal
Nikola founder Trevor Milton really didn't give up much since the restricted shares he forfeited were contingent on his "continued service" at the company.

CNBC Business
Sep 21, 2020

American Airlines plans pilot training on Boeing 737 Max in November
American Airlines is planning to start training its pilots on a revamped Boeing 737 Max in November, as the recertification of the plane approaches.

CNBC Business
Sep 21, 2020

Primetime Emmy awards show ratings drop to all-time low
In early estimates from Nielsen Monday, it appears the 72nd Annual Primetime Emmy Awards saw the lowest viewership in the Television Academy's history, drawing only 5.1 million total viewers.

CNBC Business
Sep 21, 2020

CDC says it erroneously posted guidance that said coronavirus spreads through air and travels beyond 6 feet


CNBC Business
Sep 21, 2020

Illumina buys Jeff Bezos-backed cancer-testing firm Grail in deal worth $8 billion
Gene sequencing company Illumina will pay $8 billion in cash and stock to buy cancer screening startup Grail, the companies said.

CNBC Business
Sep 21, 2020

Movie theater stocks tank after yet another disappointing weekend at the domestic box office
On Monday, shares of AMC, Marcus, Cineworld and Cinemark sank after yet another disappointing weekend at the domestic box office.

CNBC Business
Sep 21, 2020

Biden's capital gains tax hike could spark a big sell-off in stocks. Here's what that means for the market
As part of his $4 trillion tax plan, Biden has proposed increasing the top tax rate for capital gains for the highest earners to 39.6% from 23.8%, the largest real increase in capital gains rates in history.

CNBC Business
Sep 21, 2020

Trump's coronavirus vaccine czar says U.S. could immunize 'most susceptible' Americans by December
The U.S. could also immunize "most of the elderly" and health-care workers in January 2021, said Dr. Moncef Slaoui, who is leading the Trump administration's Operation Warp Speed, said.

CNBC Business
Sep 21, 2020

Stocks making the biggest moves midday: Nikola, JPMorgan Chase, Roku, Apple, Delta & more
Nikola shares plunge after its founder reigns. Oracle and Walmart buck the market's negative trend.

CNBC Business
Sep 21, 2020

Nikola shares open at lowest price since its public debut after company founder Trevor Milton resigns
Stephen Girsky, a former vice chairman of General Motors and a member of Nikola's board, has been appointed chairman of the board, effective immediately.

CNBC Business
Sep 21, 2020

Men take more travel risks than women and buy more trip insurance, survey finds
A survey from Berkshire Hathaway Travel Protection finds that while men are more likely to take risks when it comes to travel in the age of Covid-19, they're also more likely to hedge their bets by buying travel insurance.

CNBC Business
Sep 21, 2020

Mark Cuban and Brooklyn Nets' Wilson Chandler invest in skincare company co-founded by Kobe Bryant
Personal care company, Art of Sport, also received investments from Lightspeed Venture Partners, BAM Ventures, Darco Capital, and NBA forward Wilson Chandler.

CNBC Business
Sep 21, 2020

Coronavirus hit to fashion industry is ‘incredibly concerning,' British Fashion Council Chairman says
British Fashion Council Chairman Stephanie Phair says now is the time for designer businesses to think about how they can "rebuild on better foundations."

CNBC Business
Sep 21, 2020

Airbus announces concept designs for zero-emission, hydrogen-powered airplanes
The aircraft could take to the skies in 2035.

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