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April 8, 2020
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CNBC Business

Pelosi and Schumer call for Congress relief bill

CNBC
CNBC – For more and to sign up click here US Speaker of the House Nancy Pelosi (L) and Senate Democratic Leader Chuck Schumer (R) hold a press conference on Capitol Hill in Washington, DC, May 22, 2019, following a meeting with US President Donald Trump at the White House.......
CNBC - Real Estate

Mortgage industry fires back at regular who refuses to help servicers

CNBC Real Estate
Loan servicers are being slammed by requests from homeowners to delay their monthly mortgage payments as the coronavirus forces millions of people out of work. Yet one of the industry’s top regulators vehemently denies that those servicers need any help. Top industry leaders are fighting back in an escalating war of......
CNBC Business

New York City sees hospital stabilization

CNBC
CNBC – For more and to sign up click here New York City has seen a slowing need for ventilators and a stabilized hospitalization rate for coronavirus cases — but the city should “double down” on efforts to suppress the pandemic, Mayor Bill de Blasio said Wednesday. De Blasio said there......
CNBC Business

Treasury Secretary Mnuchin says the government won’t run out of money for small businesses

CNBC
CNBC – For more and to sign up click here Treasury Secretary Steven Mnuchin told CNBC on Wednesday that small businesses throughout the U.S. should not worry about their odds of receiving relief funding from the federal government. Asked by CNBC’s Jim Cramer about the White House’s work with the Small......
CNBC Business

Futures up, Howard Marks buying, another volatile day?

CNBC
CNBC – For more and to sign up click here A man wears a mask on Wall St. near the New York Stock Exchange, March 3, 2020. Brendan McDermid | Reuters This is a live blog. Check back for updates. 9:18 am: Dividends safer now than in last crisis, says Bank......
CNBC Business

GM to produce 30,000 ventilators, US cases top 400,000

CNBC
CNBC – For more and to sign up click here This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 1,446,500 Global deaths:......
CNBC Business

US coronavirus cases surpass 400,000, doubling in one week

CNBC
CNBC – For more and to sign up click here Sgt. Brodie VanBrunt takes a patient’s temperature upon receiving them in the medical bay at the Javits New York Medical Station that is housing coronavirus disease (COVID-19) patients in the Manhattan borough of New York City, U.S., April 4, 2020.......
CNBC Business

Empty hotels convert into coronavirus quarantines, emergency housing to ‘keep the lights on’

CNBC
CNBC – For more and to sign up click here A member of the New York Army National Guard walks past boxes of medical equipment at the Jacob K. Javits Convention Center in New York, U.S., on Monday, March 23, 2020. Construction will begin this week to turn the Jacob......
CNBC - Real Estate

Weekly mortgage applications sink as coronavirus sets back homebuyers

CNBC Real Estate
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg via Getty Images Consumers are fast losing confidence in this spring housing market, given the economic upheaval from the coronavirus. Higher mortgage rates aren’t helping either. Both combined......
CNBC Business

Euro zone fails to reach a deal on new coronavirus stimulus after 16 hours of talks

CNBC
CNBC – For more and to sign up click here Mario Centeno, Portugal’s finance minister and head of the group of euro-area finance ministers, listens during a press conference following a Eurogroup meeting in Brussels, Belgium, on Monday, Jan. 22, 2018.  Euro zone finance ministers failed to reach an agreement......
CNBC Business

Pinterest shares jump as company issues early Q1 guidance

CNBC
CNBC – For more and to sign up click here A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019. Spencer Platt | Getty Images Shares of Pinterest jumped as......
CNBC Business

Some European countries set to lift lockdown measures

CNBC
CNBC – For more and to sign up click here Denmark’s Prime Minister Mette Frederiksen addresses a press conference on the novel coronavirus COVID-19 at the State Department in Copenhagen, Denmark on April 6, 2020. PHILIP DAVALI | Ritzau Scanpix | AFP via Getty Images Some European countries have cautiously......
CNBC Business

iQiyi accused of fraud by Wolfpack, Muddy Waters which targeted Luckin

CNBC
CNBC – For more and to sign up click here Yu Gong, founder and CEO of China-based iQiyi, rings the opening bell at Nasdaq MarketSite in Times Square. Spencer Platt | Getty Images News | Getty Images Chinese video streaming site iQiyi has been accused of fraud and inflating its......
CNBC Business

Boris Johnson in intensive care for second night

CNBC
CNBC – For more and to sign up click here UK Prime Minister Boris Johnson speaks and takes questions during a press conference in Downing Street regarding the coronavirus outbreak, on March 9, 2020. in London, England. Alberto Pezzali – WPA Pool | Getty Images U.K. Prime Minister Boris Johnson......
CNBC Business

The latest investment strategy menaced by flailing markets

CNBC
CNBC – For more and to sign up click here A pronounced economic slump sparked by the coronavirus outbreak has imperiled a popular investment strategy: buying dividend stocks. These stocks have traditionally been highly coveted during periods of market turbulence because they provide shareholders a dividend or a guaranteed return,......
CNBC Business

Country folk singer John Prine dies at 73 of coronavirus complications

CNBC
CNBC – For more and to sign up click here John Prine performs at John Anson Ford Amphitheatre on October 01, 2019 in Hollywood, California. Rich Fury | Getty Images Grammy-winning singer John Prine, who wrote his early songs in his head while delivering mail and later emerged from Chicago’s......
CNBC Business

Luxury hotels help guests who are stuck at home

CNBC
CNBC – For more and to sign up click here You used to have to be a paying guest to get the five-star hotel experience.  That rule — at least for the moment — has changed. With millions of travelers confined to their homes due to the coronavirus pandemic, luxury......
CNBC Business

Rice prices surge to 7-year high as coronavirus sparks stockpiling

CNBC
CNBC – For more and to sign up click here Women plant rice saplings at a paddy field at Baghmara village in Baksa district of Assam, India. David Talukdar | NurPhoto | Getty Images The price of rice — a staple food in Asia — has hit 7-year highs due to the......
CNBC Business

Tesla will slash employee pay, furlough hourly workers

CNBC
CNBC – For more and to sign up click here Tesla will cut pay for all of its employees and will furlough all hourly workers until May 4, when it intends to resume production of electric cars, according to an internal e-mail that multiple employees shared with CNBC. Health orders......

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