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February 19, 2020
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Coronavirus live updates: China Hubei deaths

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CNBC – For more and to sign up click here This is a live blog. Please check back for updates. All times below are in Beijing time. 9:02 am: Confirmed cases in Singapore surpass 80 A total of 81 people have been confirmed to be infected as of Tuesday noon, Singapore’s......
CNBC Business

Microsoft ElectionGuard software gets first test in Fulton, Wisconsin

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CNBC – For more and to sign up click here A person votes using with a machine that draws on Microsoft’s ElectionGuard software in Fulton, Wisconsin, on February 18, 2020. Microsoft People in the small Wisconsin town of Fulton are the first to try out software Microsoft designed to confirm......
CNBC Business

Boeing to inspect undelivered 737 Maxes for foreign object debris

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CNBC – For more and to sign up click here A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images Boeing has told employees that it discovered foreign-object debris in fuel tanks of “several” 737 Max planes the manufacturer has in storage,......
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Bank stocks took worst hit on Apple’s coronavirus warning

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CNBC – For more and to sign up click here The bank stocks ironically got the shortest end of the stick on Apple‘s coronavirus warning that rattled Wall Street, CNBC’s Jim Cramer said Tuesday. The stocks of J.P. Morgan Chase and Citigroup declined more than 1%, one day after the......
CNBC Business

Herbalife, Groupon, LendingClub and more

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CNBC – For more and to sign up click here Herbalife distribution center in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell: LendingClub – Shares of the fintech company were down 1.98% in extended-hours trading after it announced plans......
CNBC Business

Mike Bloomberg’s proposed Wall Street transaction tax explained

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CNBC – For more and to sign up click here Presidential hopeful Michael Bloomberg on Tuesday announced sweeping reforms to the way Wall Street does business. Among his proposals is a 0.1% tax on all financial transactions, meaning that the federal government would exact a duty on all transactions, including......
CNBC Business

Buybacks are off to their worst start in 7 years, but that could change

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CNBC – For more and to sign up click here Share buybacks, one of the key building blocks for the nearly 11-year bull market run, have gotten off to a slow start in 2020 that, if sustained, could pose a threat to the Wall Street rally. Companies in January announced......
CNBC Business

Amazon Care virtual medical clinics live for Seattle employees

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CNBC – For more and to sign up click here Amazon Care is a pilot medical clinic for employees. Amazon Care, the company’s virtual health clinic, is now live for its Seattle employees. The virtual medical service is available as of Tuesday to Amazon employees and their dependents working out......
CNBC Business

Sanders leads by double digits as Biden sinks, Bloomberg rises

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CNBC – For more and to sign up click here WASHINGTON — Bernie Sanders has opened up a double-digit lead nationally over his closest rivals in the Democratic presidential primary, where Michael Bloomberg’s rise appears to have scrambled the race, according to an NBC News/Wall Street Journal poll released Tuesday.......
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David Tepper’s Appaloosa hedge fund takes Intelsat stake

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CNBC – For more and to sign up click here David Tepper, founder and president of Appaloosa Management. Cameron Costa | CNBC David Tepper’s hedge fund, Appaloosa, took a minority stake in satellite company Intelsat on Tuesday and sent a letter to its board, urging the company to renegotiate terms......
CNBC Business

LendingClub buys Radius Bank in first fintech takeover of a bank

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CNBC – For more and to sign up click here Lending Club banners hang on the facade of the New York Stock Exchange for it’s IPO on December 11, 2014 in New York. Don Emmert | AFP | Getty Images LendingClub, a fintech company that pioneered personal loans made online,......
CNBC Business

Apple, Legg Mason, Virgin Galactic, Tesla

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CNBC – For more and to sign up click here Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Check out the companies making headlines in......
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Outside of the big 5 tech companies, earnings growth is zero

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CNBC – For more and to sign up click here The stock market may be hovering around all-time highs, but just 5 companies are contributing to the S&P 500’s earnings growth, Goldman Sachs said in a new note. After crunching the data from the 397 S&P components that have reported......
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Trump pardons Michael Milken, face of 1980s financial scandals

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CNBC – For more and to sign up click here Financier and philanthropist Michael Milken visits “Mornings With Maria” at Fox Business Network Studios on August 23, 2018 in New York City. John Lamparski | Getty Images President Donald Trump issued a pardon Tuesday to Michael Milken, the former junk......
CNBC Business

Trump grants clemency to Blagojevich, Kerik, DeBartolo

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CNBC – For more and to sign up click here Former Illinois Governor Rod Blagojevich waves to supporters outside his home after returning from his sentencing hearing December 7, 2011 in Chicago. Getty Images President Donald Trump granted executive clemency Tuesday to former Illinois Gov. Rod Blagojevich, as well as......
CNBC Business

General Mills’ plans to revive cereal sales include selling a box for $13

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CNBC – For more and to sign up click here A woman shops for Cheerios cereal at a Price Chopper supermarket in South Burlington, Vermont. Robert Nickelsberg | Getty Images General Mills‘ plan to revive cereal sales includes a $13 box of the breakfast food. The new Morning Summit cereal,......
CNBC Business

Market too down on energy, too high on Tesla

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CNBC – For more and to sign up click here Leon Cooperman, CEO of Omega Advisors. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Tuesday that investors have become too pessimistic on the energy sector and too optimistic on individual companies like Tesla. “I would say we’re......
CNBC Business

Americans have $21 billion in unused gift cards — how to cash in

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CNBC – For more and to sign up click here iTunes song gift cards are seen on display at a Best Buy store in San Francisco. Getty Images It’s the gift Americans want most. It’s also the one they may be least likely to use. Half of all adults currently......

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