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June 4, 2020

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Zillow CEO: ‘We’re not really seeing’ people bolt from cities to suburbs yet due to coronavirus

CNBC Real Estate
by CNBC Real Estate010
Zillow CEO Richard Barton told CNBC on Friday that the online real estate company has not observed a dramatic spike in people moving out of dense, urban areas due to the coronavirus pandemic.  “We’re all searching for our data to confirm our bias, or our theory, that people are moving out of the......
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CNBC Business

Stocks making the biggest moves in the premarket: Abercrombie & Fitch, Dollar General, Amazon & more

CNBC
by CNBC014
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Abercrombie & Fitch (ANF) – The apparel retailer lost $3.29 per share for its latest quarter, wider than the loss of $1.39 per share anticipated by analysts. Revenue......
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CNBC Business

‘I think they’re confused’ — Jim Cramer says bull investors have one thing wrong about the economy

CNBC
by CNBC013
CNBC – For more and to sign up click here The stocks that are currently carrying Wall Street higher will eventually be relegated to market laggards as the U.S. economy makes more progress in reopening, CNBC’s Jim Cramer said Wednesday. “I’m betting the field will be spread out by the......
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CNBC Business

Market closes above a key milestone, setting up stocks for more gains

CNBC
by CNBC07
CNBC – For more and to sign up click here The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images The stock market closed above a key milestone and looks set to keep......
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CNBC Business

HBO Max online service just launched in the U.S. — here’s a first look

CNBC
by CNBC06
CNBC – For more and to sign up click here (L-R) TNT, TBS, truTV, HBO & HBO Max Content Acquisition EVP Michael Quigley, HBO Max CCO and TNT, TBS, & truTV President Kevin Reilly and HBO Max Head of Original Content Sarah Aubrey appear onstage during the HBO Max executive......
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CNBC Business

Stay-at-home stocks that thrived during market rout are getting clobbered, Zoom is down 8%

CNBC
by CNBC011
CNBC – For more and to sign up click here Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. More people are turning to Peloton due to shelter-in-place orders because of the coronavirus (COVID-19). Ezra Shaw | Getty Images The stay-at-home......
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CNBC Business

‘Stay at home’ tech stocks fall as some pandemic lockdowns end

CNBC
by CNBC06
CNBC – For more and to sign up click here Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Stocks that seemed resilient to the Covid-19 pandemic faced pressure Tuesday, as investors rallied around a potential......
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CNBC Business

Facebook and Amazon hit records, but not all FAANG stocks have kept up

CNBC
by CNBC013
CNBC – For more and to sign up click here Facebook, Amazon and Netflix each hit records last week, but not all of the FAANG trade has been so lucky. Apple and Google parent Alphabet remain 3% and 8%, respectively, below their own all-time highs. Todd Gordon, managing director at......
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CNBC Business

Why the coronavirus might change dating forever

CNBC
by CNBC012
CNBC – For more and to sign up click here In New York, the epicenter of the COVID-19 outbreak in the U.S., the city’s health department put out a set of guidelines entitled, “Sex and coronavirus disease.” One piece of official advice: “You are your safest sex partner.”  Dating is......
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CNBC Business

Zoom Video chart suggests rally is showing signs of distress, strategist says

CNBC
by CNBC017
CNBC – For more and to sign up click here It’s not just Amazon and Netflix. Some other stay-at-home plays are getting a bump. Etsy, Chewy, GrubHub and Farfetch are all higher this year. The best, videoconferencing stock Zoom, has risen 155% in 2020 and now has a larger market......
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CNBC Business

Huawei says its operating system can rival Google, Apple — but experts say it might be a struggle

CNBC
by CNBC08
CNBC – For more and to sign up click here A guest holds her phone showing a picture taken during Huawei’s press conference unveiling its new HarmonyOS operating system in Dongguan, Guangdong province on August 9, 2019. Fred Dufour | AFP| Getty Images A top Huawei executive said the Chinese......
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CNBC Business

FAANG emerges as the latest group to lead the market, Jim Cramer says

CNBC
by CNBC017
CNBC – For more and to sign up click here CNBC’s Jim Cramer said the most dominant names in technology emerged as the latest stock group to lead the market higher in Wednesday’s session. “These Big Tech stocks led us higher,” the “Mad Money” host said after the major averages......
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CNBC Business

Apple-Sony deal for Tom Hanks movie was driven by coronavirus shutdowns

CNBC
by CNBC04
CNBC – For more and to sign up click here Apple CEO Tim Cook speaks during an event launching Apple tv+ at Apple headquarters on March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images Apple just made its biggest-ever movie acquisition for its AppleTV+ service —......
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CNBC Business

TikTok CEO Kevin Mayer’s first task: Help the Chinese app rebuild trust with U.S. regulators

CNBC
by CNBC022
CNBC – For more and to sign up click here As Kevin Mayer steps into his new role as TikTok CEO, his top priority will be a difficult one: he must prove to American lawmakers, regulators and consumers that they can trust the Chinese-owned app with their data. TikTok announced......
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CNBC Business

Amazon job openings rose in April while they fell at Alphabet, Facebook and Netflix, says Citi

CNBC
by CNBC014
CNBC – For more and to sign up click here Jeff Bezos Sarah L. Voisin | The Washington Post | Getty Images Amazon displayed over 36,000 job openings at the end of April, up 19% year over year, while openings from scompanies contracted, according to a review by Citi analysts......
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CNBC Business

Stock market live updates: Stocks recover, technology leads, Tudor Jones warns of ‘second depression’

CNBC
by CNBC026
CNBC – For more and to sign up click here The major averages recovered from earlier losses as big tech shares continued to be a bright spot in the market. However, gains were kept in check amid fears over a resurgence in coronavirus cases. This is a live blog. Here’s the latest:......
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CNBC Business

Tech executive moms are juggling employees and family while sheltering from coronavirus

CNBC
by CNBC08
CNBC – For more and to sign up click here Amy Molk and her son, Teddy Beanstalk Amy Molk launched her kids entertainment start-up, Beanstalk, in January, after noticing a severe shortage in educational video content for Teddy, her four-year-old son. That was pre-coronavirus. Four months later, Molk is stuck......
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CNBC Business

Stock market live updates: Record job losses, investors focused on reopening, Dow up 300

CNBC
by CNBC09
CNBC – For more and to sign up click here A man wears a mask as he passes the New York Stock Exchange. Mark Lennihan | AP This is a live blog. Please check back for updates. 9:40 am: March rush to cash supporting stocks now, Yardeni says Ed Yardeni......
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CNBC Business

Here’s what happened to the stock market on Wednesday

CNBC
by CNBC013
CNBC – For more and to sign up click here Dow Jones Industrial Average falls 218 points The Dow dipped 218.45 points, or 0.91% to close at 23,664.64. The S&P 500 closed 0.7% lower at 2,848.42. The Nasdaq Composite advanced 0.51% to 8,854.39. Stocks fell on Wednesday as investors weighed the......
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CNBC Business

Stock market live update: Dow futures up 200, oil prices rise for 5th straight day, airlines rebound

CNBC
by CNBC031
CNBC – For more and to sign up click here A view of people passing by New York Stock Exchange in Wall Street amid Coronavirus Pandemic on April 5, 2020. John Nacion | NurPhoto | Getty Images This is a live blog. Check back for updates. 8:03 am: States continue......
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