Home / 2020 / November

Monthly Archives: November 2020

Personalized gifts No. 1 search term on Etsy in 2020

Personalized gifts No. 1 search term on Etsy in 2020

The most-searched term on e-commerce site Etsy this year is “personalized gifts,” CEO Josh Silverman told CNBC on Monday. It is even more popular than queries for masks, a category that was virtually nonexistent on Etsy this year before the coronavirus pandemic caused a boom in sales, Silverman said in …

Read More »

Zoom Video, Sunnova Energy, BioNTech & more

Zoom Video, Sunnova Energy, BioNTech & more

Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after hours: Zoom …

Read More »

4 reasons why empty malls on Black Friday aren’t a bad omen

4 reasons why empty malls on Black Friday aren't a bad omen

People walk through the King of Prussia mall, on Black Friday, in King of Prussia, Pennsylvania. Sarah Silbiger | Reuters Instead of rushing to malls, Black Friday shoppers largely headed to retailers’ websites this year. The deal-heavy holiday came in the middle of a sales season that began in October …

Read More »

Time to test the limits of e-commerce

Time to test the limits of e-commerce

An employee wearing a protective mask scans a package at an Amazon.com Inc. fulfillment center in Kegworth, U.K., on Monday, Oct. 12, 2020. Chris Ratclifre | Bloomberg | Getty Images Cyber Monday will put retail websites and warehouses to their biggest test yet. The industry is bracing for what is …

Read More »

First ‘mass air shipment’ of Pfizer’s Covid vaccine arrives as airlines prepare for more

First 'mass air shipment' of Pfizer's Covid vaccine arrives as airlines prepare for more

The Federal Aviation Administration said it supported the “first mass air shipment” of Covid-19 vaccines on Friday, as pharmaceutical companies and airlines prepare networks for broad distribution. United Airlines carried Pfizer‘s Covid-19 vaccine from Brussels to Chicago O’Hare International Airport, according to people familiar with the matter. Ahead of the …

Read More »

Moderna, IHS Markit, Nikola, Carnival & more

Moderna, IHS Markit, Nikola, Carnival & more

Moderna in Cambridge, MA is pictured on Feb. 28, 2020. David L. Ryan | The Boston Globe via Getty Images Check out the companies making headlines midday Monday: Moderna — Shares rallied more than 14% after the drugmaker said its coronavirus vaccine candidate was more than 94% effective in preventing …

Read More »

Goldman predicts how quickly Covid-19 vaccines will be rolled out

Trump administration officials speak on Covid vaccine distribution

A health worker injects a person during clinical trials for a Covid-19 vaccine at Research Centers of America in Hollywood, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images Investment bank Goldman Sachs has forecast that more than 70% of people in developed markets will be vaccinated against the coronavirus …

Read More »

30% of U.S. may get Covid-19 by year-end

Coronavirus ‘about to explode’ before therapeutics

Dr. Scott Gottlieb told CNBC on Monday that nearly one-third of U.S. residents could ultimately have been infected by the coronavirus by the end of 2020. The significant level of prior infections is likely to have implications for transmission of the coronavirus in 2021, when there is the potential for Covid-19 vaccines …

Read More »

SpaceX’s Starship test flight may be as early as Wednesday

SpaceX's Starship test flight may be as early as Wednesday

BOCA CHICA, TX – SEPTEMBER 28: Space enthusiasts look at a prototype of SpaceX’s Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty Images SpaceX may attempt the next test flight of its …

Read More »

Under Armour launches a brand with NBA star Steph Curry

Under Armour launches a brand with NBA star Steph Curry

The Curry Brand’s performance basketball footwear will launch globally on Dec. 11, in the thick of the holiday season. Source: Under Armour Under Armour announced Monday the launch of the Curry Brand with NBA star Stephen Curry, a long-time Under Armour athlete, in a bid to reach younger consumers and …

Read More »

Chipotle is testing smoked brisket in Cincinnati, Sacramento

Chipotle is testing smoked brisket in Cincinnati, Sacramento

Chioptle is testing smoked brisket in select markets. Chipotle Mexican Grill Customers could soon have another meat option at Chipotle Mexican Grill: smoked brisket. The chain said Monday that it’s testing the meat at participating locations in Cincinnati and Sacramento for a limited time. The brisket is seasoned with a …

Read More »

Moderna, IHS Markit, Slack & more

Moderna, IHS Markit, Slack & more

Check out the companies making headlines before the bell: Moderna — Shares Moderna rose more than 11% in premarket trading after the drugmaker said new data confirms the vaccine is more than 94% effective in preventing Covid-19. Moderna plans to request emergency clearance from the Food and Drug Administration on Monday. …

Read More »

Historic airline photos from ‘Golden Age of Travel’

Historic airline photos from 'Golden Age of Travel'

Commercial air travel has come a long way since the “Golden Age of Travel” — an era marked by glamour, gourmet food and dapper passengers.   While complaints about smaller seats and expensive tickets are rife today, a look into the history of commercial aviation shows that today’s customer experience …

Read More »

China vaccines have an ‘appeal’ in developing countries

China vaccines have an 'appeal' in developing countries

An exhibitor shows inactivated COVID-19 vaccine candidate from China National Biotec Group of Sinopharm Group during the 2020 China International Fair for Trade in Services at the Beijing Olympic Park on September 5, 2020 in Beijing, China. Han Haidan | China News Service | Getty Images SINGAPORE – Developing countries …

Read More »

Birx hopes to brief Biden Monday on coronavirus

Birx hopes to brief Biden Monday on coronavirus

Response coordinator for White House Coronavirus Task Force Deborah Birx speaks as President Donald Trump listens during the daily briefing on the novel coronavirus, COVID-19, in the Brady Briefing Room of the White House in Washington, DC on April 21, 2020. Mandel Ngan | AFP | Getty Images WASHINGTON — White House …

Read More »

Black Friday traffic in stores craters 52% during pandemic

Black Friday traffic in stores craters 52% during pandemic

Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic. SOPA Images | LightRocket | Getty Images Traffic at stores on Black Friday fell by 52.1% compared with last year, as Americans …

Read More »

The race to be Tesla of electric bikes

The race to be Tesla of electric bikes

The Harley-Davidson LiveWire electric motorcycle doesn’t have big sales yet, but CEO Jochen Zeitz recently remarked during an earnings call, “It’s also attracting new riders, new customers to the brand that might not have considered Harley-Davidson before.” Source: Harley-Davidson Tesla reached a $500 billion market valuation this week, a sign …

Read More »

Holiday gift-givers want their money to matter

Holiday gift-givers want their money to matter

Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, as Davis’ daughter Chrstiana Davis looks on, at the store in the Windsor Hills neighborhood of Los Angeles, California, November 24, 2020. Patrick T. Fallon | AFP | Getty Images Holiday shoppers are not only …

Read More »

More data needed on AstraZeneca’s Covid vaccine trials

Oxford-AstraZeneca Covid vaccine shows an average effectiveness of 70%

A test tube labelled vaccine is seen in front of AstraZeneca logo in this illustration taken, September 9, 2020. Dado Ruvic | Reuters More data will be needed from AstraZeneca’s coronavirus vaccine trials to determine the drug’s safety and efficacy following concerns from experts in the U.S., scientists from the …

Read More »

What four retail analysts are watching

What four retail analysts are watching

This year’s Black Friday is shaping up to be much different than usual. The Covid-19 pandemic’s impact on the retail sector and particularly brick-and-mortar stores was on full display Friday as deal-hungry shoppers opted to surf the web instead of hitting the mall for sales. Former Saks CEO Steve Sadove …

Read More »

Black Friday 2020 traffic looks bleak at stores, malls

Black Friday 2020 traffic looks bleak at stores, malls

Hardly any lines. Empty parking lots. More employees than customers in stores. These are just some of the scenes playing out across the United States the morning of Black Friday 2020, a shopping holiday that in the past has drawn hoards of people to stores to score doorbuster deals before …

Read More »

Singapore-Arcturus coronavirus vaccine candidate on track for 2021 delivery

Singapore-Arcturus coronavirus vaccine candidate on track for 2021 delivery

Arcturus Therapeutics is co-developing a vaccine candidate for Covid-19 in collaboration with Duke-NUS Medical School in Singapore, called ARCT-021. Jakub Porzycki | NurPhoto | Getty Images SINGAPORE — A Covid-19 vaccine candidate co-developed by Singapore scientists has shown positive interim results and could be available as early as 2021. That’s …

Read More »

The athleisure market heats up as shoppers want comfort

The athleisure market heats up as shoppers want comfort

The front of an Old Navy store this holiday season, which now features an assortment of loungewear, pajamas and athletic apparel. Source: Gap Inc. If you walk into any Old Navy store this holiday season, you’ll notice a plethora of athletic gear paired with other comfy clothes front and center. …

Read More »

Siemens, Deutsche Bahn plan trial of hydrogen-powered train

Siemens, Deutsche Bahn plan trial of hydrogen-powered train

The Deutsche Bahn AG logo photographed on the Bahntower, Potsdamer Platz, Berlin. Christoph Soeder | picture alliance | Getty Images Siemens Mobility and Deutsche Bahn have laid out plans to develop and trial a hydrogen fuel-cell train, in the latest example of major firms turning to a technology which could …

Read More »

Top Glove becomes the epicenter of Malaysia’s Covid resurgence

Top Glove becomes the epicenter of Malaysia’s Covid resurgence

SINGAPORE — Top Glove, the world’s largest medical glove maker, has shut 20 manufacturing sites in Malaysia after thousands of workers tested positive for Covid-19. A total of 2,684 Top Glove employees — most of them foreign workers — have tested positive as of Wednesday, local media reported, citing Malaysia’s …

Read More »

How Europeans are going to spend Christmas this year

How Europeans are going to spend Christmas this year

Children look at a window display at store on Regent Street in London. Hollie Adams | Getty Images News | Getty Images LONDON — There’s one thing that most people are agreed upon as the festive season approaches and the coronavirus pandemic continues: Christmas is not going to feel the …

Read More »

Resorts set up social distancing for tourists

Resorts set up social distancing for tourists

From treetop dining to underwater villas, the Maldives is coming up imaginative ways to help travelers stay socially distanced while still enjoying a vacation. The island nation reopened to visitors on July 15, and more than 57,000 tourists have visited since. More airlines set to resume flights this month and …

Read More »

Preorders show pandemic-driven outdoor boom ‘not a trend’

Preorders show pandemic-driven outdoor boom 'not a trend'

Americans’ interest in outdoor activities blossomed this year as consumers sought health-conscious ways to spend the time during the coronavirus pandemic. Boat, RV and camping-related sales, like car sales, have surged, despite the pandemic-induced recession, and it has led to higher sales in outdoor attire and other equipment for retailers …

Read More »

Boston Market small group orders surge as CDC urges limits

Boston Market small group orders surge as CDC urges limits

Boston Market has seen food orders for small groups grow exponentially, offsetting losses to the fast-casual restaurant’s catering business and signaling that families are taking the government’s advice to limit gathering sizes for Thanksgiving dinner, President Randy Miller told CNBC Wednesday. “I am optimistic that we’re actually going to exceed last …

Read More »

Pentagon sees uptick in coronavirus cases in military

Pentagon sees uptick in coronavirus cases in military

A Paratrooper assigned to the 1st Brigade Combat Team, 82nd Airborne Division, prepares for a Airborne Operation at Fort Bragg, N.C., on May 7. Spc. Hubert Delany III | US Army WASHINGTON —The Defense Department has reported a Covid-19 outbreak aboard a U.S. Navy destroyer, a new record of 1,300 coronavirus …

Read More »

This will be the worst Thanksgiving box office in decades

This will be the worst Thanksgiving box office in decades

Clark Duke, Kailey Crawford and Cloris Leachman voice Thunk, Sandy and Gran in “The Croods: A New Age” Universal The week of Thanksgiving is typically a robust time at the box office, but this year the coronavirus pandemic has crippled the film industry, leaving little doubt that the November holiday …

Read More »

Ultra-cold freezer maker sees surge in demand

Ultra-cold freezer maker sees surge in demand

So-Low Environmental Equipment, a maker of ultra-cold freezers, is seeing a surge in demand for its products in anticipation of coronavirus vaccine distribution, leading to an inventory backlog despite its efforts to prepare. “Right now, we are out of everything,” Dan Hensler, vice president of the Cincinnati-based company, said Wednesday …

Read More »

Nissan is trying to bounce back from turmoil and losses

Nissan is trying to bounce back from turmoil and losses

Japanese automaker Nissan has a history of saving itself from the brink of disaster. Right now it is trying to repeat the trick. Like all other automakers, the company is losing money from the coronavirus pandemic. But it’s also trying to recover from some self-inflicted wounds by former Nissan executives, …

Read More »

CDC expected to shorten recommended time

CDC expected to shorten recommended time

The U.S. Centers for Disease Control and Prevention is considering shortening it’s recommended two-week quarantine period for people who have come in contact with people who have it — a change welcomed by some medical experts who say the relaxed guidelines would be easier for people to follow. Current CDC …

Read More »

Gap, Square, Nikola, Nordstrom & more

Gap, Square, Nikola, Nordstrom & more

Check out the companies making headlines in midday trading.  Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the period, ahead of the $1.49 expected by analysts surveyed by …

Read More »

JPMorgan ‘skeptical’ about GM producing Nikola badger pickup

JPMorgan 'skeptical' about GM producing Nikola badger pickup

Nikola Motor Company Source: Nikola Motor Company JPMorgan is “skeptical” about Nikola finalizing a deal with General Motors to produce an electric pickup truck called the Badger for the embattled vehicle start-up. Instead, JPM analyst Paul Coster expects the two companies to renegotiate a previously announced $2 billion deal without …

Read More »

Neiman Marcus has Santa delivering curbside

Neiman Marcus has Santa delivering curbside

Neiman Marcus now offers a virtual gift advisor service, and an in-store concierge service, to help customers pick out items on their wish lists. Source: Neiman Marcus Santa Claus will be busy delivering packages curbside, by appointment, at Neiman Marcus this holiday season. This is just one of the initiatives …

Read More »

Why it’s gotten harder for younger generations

Why it's gotten harder for younger generations

For a myriad of reasons, millennials, America’s largest generation, are becoming homeowners later in life and at lower rates than the generations of Americans that preceded them.  The rapid expansion of the middle-class after World War II made owning a home easier and, ultimately, a symbol of the American dream. …

Read More »

L Brands names a new chief to lead Victoria’s Secret

L Brands names a new chief to lead Victoria's Secret

A woman wearing a protective mask passes a homeless person during the coronavirus pandemic on May 12 2020 in New York City. John Lamparski | Getty Images L Brands announced Wednesday a new head of its Victoria’s Secret lingerie business, as it works to revive the brand. Effective immediately, the …

Read More »

Anti-spending movement gains momentum ahead of Black Friday

Anti-spending movement gains momentum ahead of Black Friday

‘Tis the season to shore up your savings. In the days leading up to Black Friday, financial experts caution against overspending, particularly amid an economic crisis due to the coronavirus pandemic — and consumers are listening. One campaign, called “In the Black Friday,” spearheaded by the National Financial Educators Council, …

Read More »

‘The Croods: A New Age’ reviews: What critics are saying

'The Croods: A New Age' reviews: What critics are saying

Clark Duke, Kailey Crawford and Cloris Leachman voice Thunk, Sandy and Gran in “The Croods: A New Age” Universal Remember “The Croods?” It wouldn’t be surprising if your answer was “no.” The Dreamworks Animation film seemed to blip on the radar in 2013 and disappear despite racking up $600 million …

Read More »

Gap, Nordstrom, Dell Technologies & more

Gap, Nordstrom, Dell Technologies & more

Check out the companies making headlines after hours on Tuesday: HP Inc. — Shares of the computer hardware builder jumped more than 7% in after-hours trading on the back of stronger-than-expected quarterly results. HP Inc. posted earnings of 62 cents per share on revenue of $15.26 billion. Analysts expected a …

Read More »

Nordstrom shares rise as retailer’s earnings top estimates

Nordstrom shares rise as retailer's earnings top estimates

Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Nordstrom shares got a lift Tuesday after the department store reported that its third-quarter sales picked up more than analysts had anticipated, suggesting …

Read More »

Tesla, Dollar Tree, Carnival, Best Buy and more

Tesla, Dollar Tree, Carnival, Best Buy and more

A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Check out the companies making headlines in midday trading. American Airlines, United Airlines, Carnival — Airlines and cruise stocks surged on Tuesday as stocks tied to an economic recovery continued to rise after a series of …

Read More »

Pentagon Covid briefing as military struggles to contain outbreaks

Pentagon Covid briefing as military struggles to contain outbreaks

WASHINGTON — Department of Defense officials are slated to address the spike in coronavirus cases within the U.S. military at a press briefing on Tuesday. In the past week, U.S. Defense officials recorded more than 1,300 new confirmed cases of Covid-19 among members of the armed forces. Nearly a quarter of the roughly 300 …

Read More »

Biden team receives Operation Warp Speed briefing after weeks of delays

Biden team receives Operation Warp Speed briefing after weeks of delays

WASHINGTON — President-elect Joe Biden‘s transition team has been briefed on America’s response to the Covid-19 pandemic, Health and Human Services Secretary Alex Azar told reporters Tuesday. Azar said that on Monday evening Rear Adm. Erica Schwartz, the official leading the transition planning effort, briefed the Biden team on Operation Warp Speed, …

Read More »

Here are the best deals (and what not to buy)

Here are the best deals (and what not to buy)

Black Friday — the biggest shopping day of the year — is no longer the day after Thanksgiving. Instead of one-day doorbuster deals, retailers like Walmart and Home Depot have been rolling out discounts in the days, or even weeks, ahead of the official start of the holiday season. And …

Read More »

Customers will see only benefits

Customers will see only benefits

David McInerney, CEO, FreshDirect Source: CNBC FreshDirect customers have nothing to fear after the company was bought by the Dutch owner of Stop & Shop and Food Lion, the grocery delivery service’s CEO said Tuesday. Ahold Delhaize and Centerbridge Partners, a private equity firm, announced Wednesday that they would be …

Read More »

Best Buy (BBY) Q3 2021 earnings beat on strong online sales

Retail earnings reports to watch

Best Buy’s third-quarter earnings soared past Wall Street’s expectations but shares dropped more than 5% in premarket trading Tuesday, as the retailer warned of tailwinds from higher shipping costs, inventory challenges and lower-margin holiday sales. The retailer declined to provide an outlook for the fourth quarter — a significant period …

Read More »

Russia to charge less for Covid vaccine and to produce 1 billion doses

Russia to charge less for Covid vaccine and to produce 1 billion doses

A worker wearing personal protective equipment holds a tray containing unlabeled ampoules of the ‘Gam-COVID-Vac’ COVID-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF). Bloomberg | Bloomberg | Getty Images Hot on the heels of positive coronavirus vaccine news …

Read More »

5 things to know before the stock market opens November 24, 2020

5 things to know before the stock market opens November 24, 2020

Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to continue Monday’s robust rally Dow futures pointed to an over 250 point gain at Tuesday’s open, with the Trump administration approving Joe Biden‘s transition and the president-elect set to pick …

Read More »

Democrat on House antitrust panel sets sights on Big Pharma

Democrat on House antitrust panel sets sights on Big Pharma

After wrapping up a more than year-long investigation into Amazon, Apple, Facebook and Google, a top Democrat on the House Judiciary subcommittee on antitrust has his sights set on a new industry: Big Pharma. Rep. Joe Neguse, D-Colo., vice chairman of the subcommittee, is calling for a hearing to probe …

Read More »

It’s ‘tough’ to talk about the future of the sport

It’s ‘tough’ to talk about the future of the sport

Daniil Medvedev of Russia lifts the trophy after winning his singles final match against Dominic Thiem of Austria during day eight of the Nitto ATP World Tour Finals at The O2 Arena on November 22, 2020 in London, England. Clive Brunskill/Getty Images Newly-crowned Nitto ATP Finals tennis champion Daniil Medvedev …

Read More »

AstraZeneca, Snap, Tesla, Roku & more

AstraZeneca, Snap, Tesla, Roku & more

Check out the companies making headlines midday Monday: AstraZeneca — Shares of British pharmaceutical giant AstraZeneca fell more than 3% after the company said clinical trials showed its coronavirus vaccine has an average efficacy of 70% in preventing the virus. Its competitors Pfizer and Moderna previously said their Covid-19 vaccine …

Read More »

Oxford-AstraZeneca Covid vaccine has some advantages over its peers

Oxford-AstraZeneca Covid vaccine has some advantages over its peers

AstraZeneca’s building in Luton, Britain. Tim Ireland | Xinhua News Agency | Getty Images LONDON — The coronavirus vaccine being developed by AstraZeneca and the University of Oxford was found to be “highly” protective, potentially paving the way for a vaccine that is more affordable and easier to distribute than …

Read More »

Former subprime player shorting mortgage market

Former subprime player shorting mortgage market

During the mortgage bubble in the early 2000s, when investors were feverishly trading faulty subprime bonds, a few savvy skeptics recognized the bonds were doomed, so they bet against them. They shorted the bonds and made billions. Now one of those players is doing the same thing, but not on subprime. …

Read More »

Regeneron to provide 300,000 doses of Covid treatment for U.S. by early January, CEO says

Regeneron to provide 300,000 doses of Covid treatment for U.S. by early January, CEO says

Regeneron will provide the U.S. with 300,000 doses of its newly authorized Covid-19 antibody treatment by early January, the company’s CEO, Dr. Leonard Schleifer, said Monday. The Food and Drug Administration on Saturday granted an emergency use authorization for the company’s antibody treatment, called REGN-COV2. The experimental therapy was given to President Donald Trump when he contracted …

Read More »

So long, doorbusters! Retailers roll out weeks of deals

So long, doorbusters! Retailers roll out weeks of deals

People shop at Macy’s Herald Square during early opening for the Black Friday sales in New York City, November 28, 2019. Andrew Kelly | Reuters On Thanksgiving Day, eager bargain hunters usually head to the store and shoulder their way through crowded aisles to get a jumpstart on their holiday …

Read More »

Retail earnings reports to watch

Retail earnings reports to watch

Retail earnings are ramping up this week. Urban Outfitters reports on Monday, a day before Best Buy, Dick’s Sporting Goods, Abercrombie and Fitch, Dollar Tree, Nordstrom, Gap and American Eagle Outfitters. All of their stocks are in the green year to date except for Nordstrom, which is down almost 48%. …

Read More »

Merck acquires OncoImmune to ramp supply of promising Covid drug

Merck acquires OncoImmune to ramp supply of promising Covid drug

Pharmaceutical giant Merck said it plans to acquire privately-held OncoImmune for $425 million in cash, gaining rights to an under-the-radar drug that’s shown striking results in hospitalized patients with Covid-19. The medicine, referred to as CD24Fc, was shown in a late-stage clinical study in September to reduce the risk of …

Read More »

Euro zone economic activity November coronavirus

Euro zone economic activity November coronavirus

The Champs-Elysees Avenue and the Arc de Triomphe are seen after the Christmas illuminations were switched on in Paris, France, Nov. 22, 2020. Xinhua News Agency | Xinhua News Agency | Getty Images LONDON — Economic activity in the euro zone sank once again in November after governments introduced new …

Read More »

Germany looks set to extend lockdown into December

Germany looks set to extend lockdown into December

People with face masks walk in the city center of Cologne, Germany, on November 21, 2020. NurPhoto | NurPhoto | Getty Images Germany could be preparing to extend its current lockdown into December as the number of coronavirus infections remains high across the country. Yet Berlin is hopeful a coronavirus …

Read More »

Coronavirus vaccine creates market winners and losers

Coronavirus vaccine creates market winners and losers

Promising developments on the vaccine front have sparked optimism that the pandemic’s end may be in sight. But if the market trends that immediately followed positive vaccine news are any indication, some sectors will benefit a lot more than others. Massachusetts-based biotech company Moderna said last week that its coronavirus …

Read More »

Black Friday is almost here. And shoppers are anxious.

Black Friday is almost here. And shoppers are anxious.

A shopper uses his phone while wearing a face mask due to the coronavirus disease (COVID-19) pandemic outside the Christiana Mall in Newark, Delaware U.S. November 19, 2020. Mark Makela | Reuters Black Friday is almost here. And consumers’ anxiety about shopping in stores and enclosed malls is only escalating, …

Read More »

Covid treatment used by Trump authorized by FDA

Covid treatment used by Trump authorized by FDA

View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images The Food and Drug Administration on Saturday granted an emergency use authorization for Regeneron‘s Covid-19 antibody treatment, the experimental therapy given to …

Read More »

Coronavirus pandemic and EVs prove GM’s worth to investors

Coronavirus pandemic and EVs prove GM's worth to investors

As ride-hailing companies Uber and Lyft rose to popularity and e-scooters popped up across major U.S. cities earlier this decade, industry analysts predicted the beginning of the end of car ownership. That meant “traditional” automakers such as General Motors would have to evolve or die. In an effort to spur …

Read More »

Fender sales boom as guitar playing surges during the pandemic

Fender sales boom as guitar playing surges during the pandemic

Fender Musical Instruments’ CEO Andy Mooney says a boom in guitar sales is happening during the coronavirus pandemic. Henry Diltz Business was looking pretty grim for Fender Musical Instruments Corp., the legendary guitar maker, when the coronavirus pandemic reached U.S. shores last March. Suddenly, 90% of its worldwide dealers’ physical …

Read More »

The economics of drilling in the Arctic

The economics of drilling in the Arctic

The Arctic is not a barren, frozen wasteland. It’s home to some of the most unique ecosystems in the world. More than this: it’s home to people. Those people are at the center of the controversy over drilling for oil in the Arctic. The Trump administration is now starting the …

Read More »

Tom Steyer, Ann O’Leary reflect on California business recovery

Tom Steyer, Ann O'Leary reflect on California business recovery

California Gov. Gavin Newsom’s seven-month-old Task Force on Business and Jobs Recovery is disbanding as the coronavirus pandemic reaches a second peak, but his co-chairs predict the state will have a strong economic turnaround once the pandemic is past. Billionaire businessman Tom Steyer, one of the co-chairs, said in a …

Read More »

Start of a ‘seasonally strong period’ for stocks

Start of a 'seasonally strong period' for stocks

While Wall Street is preparing for a shortened week with Thanksgiving on the calendar, CNBC’s Jim Cramer is keeping his eye on key corporate earnings reports set to release before the holiday. The stock market will be closed on Thursday and open for a half-day of trading Friday to close …

Read More »

Pfizer trial participant Sen. Steve Daines urges trust

Pfizer trial participant Sen. Steve Daines urges trust

Republican Sen. Steve Daines of Montana on Friday urged Americans to have confidence in the coronavirus vaccine from Pfizer and BioNTech, relying on his experience as a participant in the companies’ phase three clinical trial. The U.S. pharmaceutical giant and German biotech firm said earlier Friday they intended to apply …

Read More »

White House ready to ship Covid vaccines if approved

White House ready to ship Covid vaccines if approved

President Donald Trump‘s administration is ready to help distribute coronavirus vaccines across the United States should regulators grant emergency approvals, Operation Warp Speed advisor Dr. Moncef Slaoui told CNBC on Friday. “As soon as the EUA is approved, within 24 hours, the vaccines will be in the immunization sites and …

Read More »

Here’s what young voters want to see from Joe Biden and Kamala Harris

Here's what young voters want to see from Joe Biden and Kamala Harris

CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Colette Ngo is a senior at Chapman University double majoring in broadcast journalism and business administration. The …

Read More »

5 U.S. agencies tell employees they can get vaccine in 8 weeks

5 U.S. agencies tell employees they can get vaccine in 8 weeks

Vials of coronavirus disease (COVID-19) vaccine candidate BNT162b2 are sorted at a Pfizer facility in Puurs, Belgium in an undated still image from video. Pfizer | Reuters Five federal agencies have started telling employees they could receive Pfizer or Moderna’s Covid-19 vaccine in as little as eight weeks as the …

Read More »

Biden to rejoin Paris Climate Accord. Here’s what happens next

Biden to rejoin Paris Climate Accord. Here's what happens next

WILMINGTON, DE – NOVEMBER 19: President-elect Joe Biden answers a reporter question after he delivered remarks at the Queen in Wilmington, Delaware on Thursday, Nov. 19, 2020. (Photo by Salwan Georges/The Washington Post via Getty Images) The Washington Post | The Washington Post | Getty Images President-elect Joe Biden will …

Read More »

Zoom, Nikola, FireEye, Intuit & more

Zoom, Nikola, FireEye, Intuit & more

Check out the companies making headlines in midday trading.  Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this year. Nikola — The electric vehicle maker declined …

Read More »

Biden Covid Advisory Board Member Dr. Michael Osterholm

Biden Covid Advisory Board Member Dr. Michael Osterholm

[The stream is slated to start at 12:10 p.m. ET. Please refresh the page if you do not see a player below at that time.] President-elect Joe Biden’s Covid-19 advisory board member Michael Osterholm joins Meg Tirrell for a special edition of the Healthy Returns: The Path Forward livestream series. Osterholm …

Read More »

5 things to know before the stock market opens November 20, 2020

5 things to know before the stock market opens November 20, 2020

Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Investors assess vaccine news against Covid-19 case spikes Pfizer and BioNTech said they’ll apply with the FDA on Friday for emergency use authorization for their vaccine, the first to go through the regulatory …

Read More »

Schools need to be ‘the last thing’ shut down

Schools need to be 'the last thing' shut down

Schools should be the “last thing” shut down as governors and local officials around the U.S. weigh further public health restrictions in response to surging coronavirus cases, Dr. Scott Gottlieb told CNBC on Friday. “We should be trying to curtail whatever activities we know are sources of community spread long before we …

Read More »

Will audiences return to the movies? They already have.

Will audiences return to the movies? They already have.

Hollywood has always captured the fascination of the American public. But, as Covid-19 takes aim at global businesses, it’s been for the wrong reasons. Even in spite of the encouraging news on vaccines from Pfizer and Moderna that have people finally believing that there may be an end in sight …

Read More »

Pfizer will apply for FDA emergency use authorization

Pfizer will apply for FDA emergency use authorization

Pfizer and BioNTech will apply Friday for an emergency use authorization from the Food and Drug Administration for their coronavirus vaccine. If Pfizer’s application is approved, the vaccine will likely be limited and rolled out in phases, with health-care workers, the elderly and people with underlying health conditions getting the …

Read More »

EU’s von der Leyen urges gradual lifting of coronavirus lockdowns

EU's von der Leyen urges gradual lifting of coronavirus lockdowns

European Commission President Ursula Von Der Leyen. Anadolu Agency | Anadolu Agency | Getty Images LONDON — European governments should lift coronavirus lockdowns and other social restrictions gradually to prevent a third wave of infections, according to the president of the European Commission. Europe has been grappling with a second …

Read More »

Hong Kong looks to mainland China for next air travel bubble

Hong Kong looks to mainland China for next air travel bubble

SINGAPORE — Hong Kong is hopeful its next “air travel bubble” could be with mainland China, the executive director of the city’s tourism board has said. Dane Cheng told CNBC such plans would hinge on the success of the forthcoming Hong Kong-Singapore travel corridor. But he noted that adding a …

Read More »

Best new hotels in Bangkok, Bali, Bhutan and Japan

Best new hotels in Bangkok, Bali, Bhutan and Japan

Many hotels named among the “best new hotels of 2020” this year have yet to welcome a single guest. The global pandemic pushed plans to open highly anticipated new hotels near the wineries of California’s Napa Valley to the banks of Paris’s River Seine, with many rescheduling openings well into …

Read More »

Samsung wearable device sales are up more than 30% this year

Samsung wearable device sales are up more than 30% this year

A customer tries out a Samsung Electronics, Galaxy smartwatch at the company’s D’light flagship store in Seoul, South Korea, on Monday, Jan. 28, 2019. Bloomberg | Bloomberg | Getty Images Samsung Electronics‘ wearable device sales are up by more than 30% this year, a senior executive at the world’s largest …

Read More »

WHO tells doctors don’t use Gilead’s remdesivir, splitting with FDA

WHO tells doctors don't use Gilead's remdesivir, splitting with FDA

A lab technicians shows the coronavirus disease (COVID-19) treatment drug “Remdesivir”. Amr Abdallah Dalsh | Reuters A World Health Organization panel advised doctors Thursday against using Gilead Sciences‘ antiviral drug remdesivir as a treatment for patients hospitalized with Covid-19, saying there is currently “no evidence” that it improves survival or …

Read More »

Ten ‘up stocks’ to bet on a year-end rally

Ten 'up stocks' to bet on a year-end rally

CNBC’s Jim Cramer on Thursday presented a year-end list of what he calls “up stocks” that investors can buy to bet on a market rally through the end of the year. “We call them up stocks, the ones that go up all the time and barely ever go down,” the …

Read More »