Tech investor Gene Munster told CNBC on Thursday he sees a reasonable path for Apple to reach a $3 trillion market capitalization in the future. The iPhone maker became the first publicly traded U.S. company to reach a $2 trillion…
Read MoreMonth: December 2020
Doctors criticize UK health officials for changing Pfizer Covid vaccine plan
A nurse prepares to administer the Pfizer-BioNTech COVID-19 vaccine at Guy’s Hospital in London, Britain December 8, 2020. Frank Augstein | Reuters Doctors in the United Kingdom are pushing back on health officials’ decision to change the vaccine schedule on…
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Trump boasts about Covid response as December becomes deadliest month yet
President Donald Trump speaking in a released video on Twitter on Dec. 31st, 2020. The White House | Twitter WASHINGTON — In the final days of 2020, the United States saw coronavirus deaths spike, cases surge to staggering levels, hospitals strained…
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West Virginia mistakenly gives 42 people Regeneron IV Covid treatment instead of vaccine shot
A pharmacist dilutes the Pfizer COVID-19 vaccine while preparing it to administer to staff and residents at the Goodwin House Bailey’s Crossroads, a senior living community in Falls Church, Virginia, on December 30, 2020. Brendan Smialowski | AFP | Getty…
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Israel says it’s inoculated 7% of its population, it’s less than 1% in U.S.
An ultra-Orthodox Jewish man receives a vaccination against the coronavirus disease (COVID-19) as Israel continues its national vaccination drive, during a third national COVID lockdown, at a Maccabi Healthcare Services branch in Ashdod, Israel December 29, 2020. Amir Cohen |…
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Dr. Fauci says slow Covid vaccine rollout has been ‘disappointing’
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks with Alex Azar, secretary of Health and Human Services (HHS), not pictured, before they receive the Moderna Inc. Covid-19 vaccine during an event at the NIH Clinical…
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New York Mayor de Blasio wants to immunize 1 million residents in January
A worker of the New York City Fire Department Bureau of Emergency Medical Services (FDNY EMS) receives a COVID-19 Moderna vaccine, amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., December 23,…
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Last trading day of 2020 on Wall Street Ornaments on the New York Stock Exchange (NYSE) holiday tree at Wall Street on…
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Exxon Mobil, Tribune Publishing, Apple, Tesla & more
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is,…
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Ford and Bryan Cranston urge Americans to follow Covid precautions
Still from Ford’s “Finish Strong” spot. Ford In a new ad campaign using actor Bryan Cranston, Ford Motor is urging Americans to adhere to Covid-19 protocols to save lives in the next period of the pandemic. The campaign, part of…
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Positive takeaways from 2020: Science, education, leisure
As 2020 draws to a close, many of us will be thankful to bid farewell to a year like no other, one fraught with fear, sadness and challenges. Yet, despite the hardship of the coronavirus pandemic, this year will also…
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Oxford researcher says future strains can be protected against
Sir John Bell, a professor at Oxford University in the U.K., told CNBC on Wednesday he was confident that Covid-19 vaccines could be retooled to provide effective protection against future coronavirus mutations. Bell’s comments on “Closing Bell” come as global…
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Operation Warp Speed chief says distribution ‘should be better’
The United States will not inoculate as many people against the coronavirus by the end of the year as federal officials originally estimated, President Donald Trump’s Covid-19 vaccine czar said Wednesday. According to the Centers for Disease Control and Prevention’s latest…
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California has identified first case with new Covid strain, Newsom says
In this June 30, 2020, file photo, Gov. Gavin Newsom removes his face mask before giving an update during a visit to Pittsburg, Calif. Rich Pedroncelli | AP California health officials have identified the state’s first case of the new…
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How to protect your privacy if you win Mega Millions or Powerball
MARK RALSTON | AFP | Getty Images There’s a chance that at least a couple of people will end 2020 far wealthier than most of us. With no ticket matching all six numbers drawn Tuesday in Mega Millions, the jackpot…
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Colorado health officials say are investigating a second suspected case
Gov. Jared Polis and officials announced Denver and a number of other Colorado counties will be moved to Level Red on a newly revamped version of the state”u2019s color-coded COVID-19 dial at Boettcher Mansion in Denver, Colorado on Tuesday. November…
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New York Gov. Cuomo briefs the press on Covid pandemic as outbreak worsens
[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.] New York Gov. Andrew Cuomo will hold a press briefing on the coronavirus Wednesday as…
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CDC says new Covid strain in U.S. could stress ‘heavily burdened’ hospitals
CDC headquarters in Atlanta Elijah Nouvelage | Bloomberg via Getty Images Officials from the Centers for Disease Control and Prevention said Wednesday that a new strain of Covid-19 now circulating in the U.S. could further stress hospitals that are already…
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JC Penney CEO Jill Soltau to leave retailer after emerging from bankruptcy
Signage is displayed outside a JC Penney Co. store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images J.C. Penney CEO Jill Soltau, who was tapped to turn around the struggling department store, will leave the company Thursday. The…
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Neurescue device under FDA review hopes to improve cardiac arrest survival
Cardiac arrest is one of the leading causes of death around the world, killing 7 million to 9 million people a year. With standard care, 1 out of 10 people survive cardiac arrest. Neurescue, founded by Dr. Habib Frost and…
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AMC hopes to raise $125 million in fresh funding round as it fights bankruptcy
People walk outside the newly boarded AMC 34th Street 14 movie theater as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 4, 2020 in New York City. Noam Galai |…
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NBA opening week is the best since 2012 following Covid viewership hit
Wesley Matthews #9 of the Los Angeles Lakers guards Luka Doncic #77 of the Dallas Mavericks at Staples Center on December 25, 2020 in Los Angeles, California. John McCoy | Getty Images After suffering a ratings decline for its championship…
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Russell Okung’s bitcoin salary could trigger more pro athletes to invest
Russell Okung #76 of the Carolina Panthers Grant Halverson | Getty Images It’s often referred to as a new form of gold, and now Carolina Panthers offensive linemen Russell Okung is making a massive bet on bitcoin. After a nearly…
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Trump officials discuss vaccine rollout as criticism mounts
[The stream is slated to start at 12:00 p.m. ET. Please refresh the page if you do not see a player above at that time.] Officials from the Department of Health and Human Services and the Pentagon are holding a…
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Silicon Valley unicorn billions created during pandemic year of 2020
Public and private markets raced through the pandemic, and many of the breakout IPOs and newly enriched start-ups also raced above it — in the cloud. The software boom of 2020 found an unlikely and gruesome tailwind in Covid-19, and…
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Trump blames states as he faces criticism for slow Covid vaccine rollout
President Donald Trump tried on Wednesday to deflect criticism for a slower-than-expected rollout of the Covid-19 vaccine, saying the U.S. has distributed the lifesaving shots but states have to administer them. More than 11.4 million doses of Pfizer and Moderna’s…
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U.K. imposes Tier 4 Covid restrictions on millions as cases soar
A bus drives past a sign displaying the measures imposed by the government against the outbreak of the coronavirus disease (COVID-19), on the first day of a newly imposed lockdown, in London, Britain, November 5, 2020. John Sibley | Reuters…
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. McConnell blocks $2,000 stimulus checks Senate Majority Leader Mitch McConnell (R-KY) speaks at a news conference with other Senate Republicans at the…
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AstraZeneca, Intel, Caterpillar, Alibaba & more
Check out the companies making headlines before the bell: AstraZeneca – Britain became the first country to approve the drug maker’s Covid-19 vaccine, setting the stage for a rollout of millions of doses. The vaccine is not yet approved in the…
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Half of U.S. states will raise their minimum wage in 2021
People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The…
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Oxford-AstraZeneca Covid vaccine approved by UK regulator
A Brazilian doctor voluntarily receives an injection as part of phase 3 trials of a vaccine developed by the University of Oxford and British pharmaceutical company AstraZeneca, in July 2020. Nelson Almeida | AFP | Getty Images LONDON — The…
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U.S. needs to vaccinate 3 million people per day to hit goal
Dr. Carlos del Rio warned “The News with Shepard Smith” that the effort to vaccinate Americans needs to “change dramatically,” as the United States missed its vaccination goals two weeks after Americans started receiving shots. “If we’re going to get…
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California extends stay-at-home order for two regions
Clinicians work in the former lobby of Providence St. Mary Medical Center, which has been converted into a care space to treat suspected COVID patients, amid a surge in COVID-19 cases in Southern California on December 23, 2020 in Apple…
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U.S. confirms first case in Colorado
A person gestures towards a sign with a public health information message, amid the spread of the coronavirus disease (COVID-19), as new restrictions come into force, in London, Britain, December 20, 2020. Toby Melville | Reuters The first case of…
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Joe Biden says Trump’s Covid vaccine effort far short its own goals
President-elect Joe Biden on Tuesday criticized the Trump administration’s effort to distribute and administer Covid vaccine shots, saying that the administration has failed to meet its own goals. “The Trump administration’s plan to distribute vaccines is falling behind, far behind,”…
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Sales plummeted 80%, the lowest haul in decades
A Cinemark employee serves popcorn to a customer at a concession stand at Cinemark’s Century 16 at the South Point Hotel & Casino on August 14, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images News | Getty Images…
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U.S. to fall short of goal to vaccinate 20 million by year’s end
With only a few days to go, the United States will likely fall short of its goal to vaccinate 20 million Americans by the year’s end as the nation embarks on what will be a historic campaign to inoculate hundreds…
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How to find a good end-of-year deal if in the market for a new car
Ty Wright | Bloomberg | Getty Images For car buyers, the end of the year typically marks the best time to get a great deal. Things look a bit different this time around. While there are still discounts and special…
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American Airlines sees capacity cuts through February as Covid cases rise
American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, December 29, 2020. Marco Bello | Reuters American Airlines expects the impact of the coronavirus…
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Snap, Boeing, Alibaba, Lemonade & more
Check out the companies making headlines in midday trading. Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to…
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How the Covid pandemic changed the foods we cook and crave in 2020
A shopper reaches toward a display of McCormick spices and flavorings in an Associated Supermarket in 2005. Bloomberg | Bloomberg | Getty Images Stuck-at-home Americans cooked gourmet sauces, tried new recipes and cleared spice racks during the pandemic. Those trends…
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How Joe Biden can accelerate the transition to clean energy
U.S. President-elect Joe Biden speaks about the recent massive cyber attack against the U.S. and also other Biden administration goals in Wilmington, Delaware, December 22, 2020. Leah Millis | Reuters As we enter the third decade of the 21st century,…
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How Covid derailed Olive Garden’s success
When you think of free breadsticks, unlimited salad and pounds of pasta, one name comes to mind — Olive Garden. But the Italian eatery, known for its $5 take-home meal, has fallen on hard times as the coronavirus pandemic has…
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Boeing, SAP, Lemonade, Alibaba & more
Check out the companies making headlines before the bell: SAP – The German business software company’s stock is moving higher after it announced its Qualtrics unit has filed to go public. Qualtrics – which specializes in customer relationship software – is…
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. House passes bill for $2,000 stimulus checks Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak…
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Pierre Cardin, ground-breaking fashion designer, dies
Designer Pierre Cardin poses during the Pierre Cardin Paris Haute Couture New Collection launch at Maxim’s on November 26, 2013 in Paris. Richard Bord | Getty Images Pierre Cardin, who during his more than seven decades in fashion brought geometric…
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Boeing 737 Max set to return to U.S. skies after crashes
An American Airlines Boeing 737 MAX airplane takes off on a test flight from Dallas-Fort Worth International Airport in Dallas, Texas, on December 2, 2020. Cooper Neill | AFP | Getty Images MIAMI — American Airlines on Tuesday is set…
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Skype co-founder Jaan Tallinn on 3 most concerning existential risks
Skype co-founder Jaan Tallinn Center for the Study of Existential Risk LONDON – Skype co-founder Jaan Tallinn has identified what he believes are the three biggest threats to humanity’s existence this century. While the climate emergency and the coronavirus pandemic…
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U.S. can miss Covid strain ‘because the holes in our net are too wide’
The lack of Covid testing capacity in the United States could mean the new, highly transmissible coronavirus strain that first emerged in the United Kingdom is already working its way through communities across the U.S. That’s according to Dr. Nahid…
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Imax CEO expects ’embarrassment of riches’ from slate of 2021 movie releases
Despite the number of productions delayed this year by the coronavirus pandemic, Imax CEO Richard Gelfond on CNBC Monday said the new year could prove to be lucrative for his company. While studios paused tapings, film releases were also delayed…
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Online shopping leads to strain at Port of Los Angeles
The number of shipments coming through the nation’s busiest container port complex in Los Angeles is up substantially from the first half of the year, reflecting a rebound in business and shift in consumer habits. Port of Los Angeles Executive…
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New York investigating potential Covid vaccine fraud, Cuomo says
New York state Gov. Andrew Cuomo speaks at a news conference on September 08, 2020 in New York City. Spencer Platt | Getty Images The New York Attorney General is investigating whether a health-care clinic in the state fraudulently obtained…
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JPMorgan is acquiring a major credit card rewards business in a bet on travel
JPMorgan Chase has agreed to purchase one of the biggest third-party credit-card loyalty operators in a bet that pleasure travel will rebound sharply after the coronavirus pandemic subsides, CNBC has learned. The bank agreed Monday to acquire the technology platforms, travel…
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Nikola, Weibo, DoorDash & more
Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Check out the companies making headlines midday on Monday: Nikola — Shares of the electric-vehicle maker rose nearly 6% after a JPMorgan analyst said he…
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The retail industry is leading the way as women take over CEO roles
When an announcement came in late November that Lauren Hobart would take the reins as chief executive at Dick’s Sporting Goods in early 2021, corporate America hit another major milestone for inclusivity that has been driven, in large part, by…
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Biden to invoke Defense Production Act to spur Covid vaccine production
President-elect Joe Biden plans to invoke the Defense Production Act after he takes office next month to boost production of coronavirus vaccines, a member of his Covid-19 advisory team said Monday. “You will see him invoking the Defense Production Act,”…
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5 things to know before the stock market opens December 28, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to rise nearly 200 points to start final week of 2020 Traders work on the floor of the New York Stock…
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Equities likely to grow, but finding yield remains difficult
krisanapong detraphiphat | Moment | Getty Images Bottom-scraping interest rates in 2020 were a major factor fueling a stock market that, after plummeting in March from the pandemic, rallied to post a banner year. Low interest rates also vexed investors…
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Stocks making the biggest moves premarket: Alibaba, AT&T, AstraZeneca, DoorDash, others
These are the stocks posting the largest moves before the bell.
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UK expected to approve Oxford-AstraZeneca Covid vaccine this week
A laboratory technician supervises filling and packaging tests for the large-scale production and supply of the University of Oxfords COVID-19 vaccine candidate, AZD1222, conducted on a high-performance aseptic vial filling line on September 11, 2020 at Catalent in Anagni, Italy….
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Charts show Covid’s impact on the global economy in 2020
Two men paint graffiti of frontline workers on a wall during the coronavirus pandemic in Mumbai, India. Imtiyaz Shaikh | Anadolu Agency | Getty Images SINGAPORE — The Covid-19 pandemic has sent the global economy into one of its worst…
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Wonder Woman 1984 opening weekend leads to fast-tracked third film
Gal Gadot stars as Wonder Woman in “Wonder Woman 1984.” Warner Bros. “Wonder Woman 1984” soared into theaters on Christmas day and secured the highest box office opening of any film released domestically since the coronavirus pandemic crippled the entertainment…
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NY healthcare provider under investigation after obtaining doses
Pfizer’s Covid-19 vaccine is pictured at Rady Children’s Hospital before it’s placed back in the refrigerator in San Diego, California on December 15, 2020. Adriana Drehsler | AFP | Getty Images Doses of the coronavirus vaccine may have been wrongfully…
Read More Fauci warns of post-Christmas surge in Covid infections
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks with Alex Azar, secretary of Health and Human Services (HHS), not pictured, before they receive the Moderna Inc. Covid-19 vaccine during an event at the NIH Clinical…
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Restaurant revenue has fallen, despite delivery boom
The chart shows U.S. restaurants’ weekly Source: UBS Evidence Lab U.S. restaurant revenue is falling as takeout and delivery orders fail to make up for lost dine-in sales. UBS Evidence Lab found that dine-in restaurant sales plunged 69% in the…
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How Mega Millions and Powerball winners can protect their windfall
Frederic J. Brown | AFP | Getty Images Mega Millions players can let the daydreaming continue. With no one hitting all six numbers drawn Friday, the jackpot has jumped to an estimated $376 million. And Powerball, with the next drawing…
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The 10 biggest retail bankruptcies of 2020
Robert Barnes | Getty Images More than three dozen retailers, including the nation’s oldest department store chain, filed for bankruptcy this year, marking an 11-year high. Pre-pandemic, several of these retailers were already teetering on the brink of survival. But…
Read More Air Canada Boeing 737 Max ferry flight diverts after engine issue
An Air Canada Boeing 737 MAX 8 aircraft is being towed in as another Air Canada Boeing 737 MAX 8 aircraft is seen on the ground at Toronto Pearson International Airport in Toronto, Ontario, Canada, March 13, 2019. Chris Helgren…
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‘Soul’ and ‘Wonder Woman 1984’ arrive on Christmas. Here’s how to watch
Jamie Foxx voices Joe Gardner in Disney Pixar’s “Soul.” Disney The entertainment industry has been rocked by the coronavirus pandemic. Big blockbusters that were slated to arrive in theaters in 2020 have, for the most part, been pushed to 2021…
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U.S. to require people flying from the UK to test negative for Covid, CDC says
A view of signage leading to one of the testing centers at Heathrow Airport on December 22, 2020 in London, England. Joseph Okpako | Getty Images News | Getty Images The United States will begin requiring people flying in from…
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The plant-based meat industry is on the rise, but challenges remain
A visitor tries a plant-based meat substitute product at the Restaurant & Bar and Gourmet Asia expo at the Hong Kong Convention and Exhibition centre in Hong Kong on November 11, 2020. Peter Parks | AFP | Getty Images SINGAPORE…
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Covid resurgence in Japan, South Korea could hit Asia’s economic recovery
Snow falls as people wearing face masks walk through the Asakusa district on March 29, 2020 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images SINGAPORE — As 2020 draws to a close, many investors consider Asia as the region with…
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CEO says Hawaiian Airlines is optimistic on 2021, new flight routes
After a bruising year for the airline industry, Hawaiian Airlines CEO Peter Ingram told CNBC he believes it’s only up from here. Airlines spent much of 2020 cutting routes and reducing flights due to the decline in travel demand from…
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Holiday gift-card buying could help boost retail sales in 2021: Bill Simon
There may be increased spending on gift cards this holiday season, and that may help boost retail sales next year, former Walmart U.S. President and CEO Bill Simon told CNBC on Thursday. Payment service Blackhawk Network found in a survey that shoppers…
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Trump’s veto threat of Covid relief bill is holding up $9 billion in state vaccine funding
A person holds a vial of the Pfizer-BioNTech Covid-19 vaccine at the University Of Louisville Hospital in Louisville, Kentucky, U.S., on Monday, Dec. 14, 2020. Scotty Perry | Bloomberg | Getty Images U.S. states are anxiously awaiting billions in federal…
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Apple, Alibaba, Nikola, Macy’s & more
Check out the companies making headlines in midday trading. Nikola — Shares of the electric vehicle company shed more than 3% as the stock continued its slide after the announcement of the end of a garbage truck development deal with…
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Trump’s threat to veto $900 billion Covid relief bill puts major climate legislation at risk
Patrick Pleul/picture alliance via Getty Images President Donald Trump‘s opposition to a $900 billion coronavirus aid package overwhelmingly passed by U.S. lawmakers late Monday jeopardizes the first significant climate change legislation to win congressional approval in about a decade. Trump has threatened…
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What the superhero film can make
Gal Gadot stars as Wonder Woman in “Wonder Woman 1984.” Warner Bros. Can a nostalgia-packed superhero flick convince people to leave their couches and head to the cinemas? “Wonder Woman 1984” seeks to answer that question. Movie theater owners are…
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Theaters, concert venues left waiting for help after Trump threat
The $900 billion coronavirus relief package includes a long sought measure to send aid to struggling independent theaters and music venues. But now those cultural centers and small businesses are left waiting for help yet again. The measure was set…
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Testing delays, staff shortages impede distribution of Covid treatment used by Trump
A medical personnel administers a free Covid-19 tests at a state run drive-through testing site in the parking lot of the University of Texas El Paso campus amid the coronavirus disease (COVID-19) outbreak, in El Paso, Texas, November 23, 2020….
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Covid changed shopping forever. What it means for your favorite stores
Academy Sports & Outdoors store in Orlando, Florida. Google Earth Academy Sports & Outdoors’ more than 250 stores shuttered for weeks in the early days of the Covid pandemic. But as lockdown orders eased and these stores reopened, many customers…
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How to travel this Christmas through live virtual tours
For people staying safely at home this holiday season, new virtual tours let anyone with an internet connection tour famous Christmas destinations around the world. Homebound travelers can book live interactive tours with local guides to learn about everything…
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New warnings of a Covid ‘Christmas wave and New Year’s wave’
Dr. Stephen Parodi, director of Kaiser Permanente’s nationwide Covid response, warned that new coronavirus case surges are imminent unless Americans change their behavior during a Tuesday evening interview on “The News with Shepard Smith.” “If we don’t make the choice…
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U.K. government confirms second strain of coronavirus
A pedestrian wearing a face mask or covering due to the COVID-19 pandemic, walks in central London on December 23, 2020. Tolga Akmen | AFP | Getty Images WASHINGTON — A second new and potentially more infectious variant of the novel…
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Covid vaccine distribution has been slower than U.S. officials thought it would be
UPS package handlers Jesirae Elzey and Demeatres Ralston unload boxes of Moderna’s COVID-19 vaccine as it arrives at UPS Worldport, in Louisville, Kentucky, December 20, 2020. Michael Clevenger | Pool | Reuters Coronavirus vaccine distribution has been slower than U.S….
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U.S. has vaccinated 1 million people out of goal of 20 million for December
Michael Girard recieves the Covid-19 vaccine with the first batch of Moderna’s vaccine at Hartford hospital in Hartford, Connecticut on December 21, 2020. arrival of the vaccine. Joseph Prezioso | AFP | Getty Images Just over 1 million people in…
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Americans stay ‘home for the holidays’ — or stick to cars if traveling
For many Americans, the classic carol “I’ll be Home for Christmas” will literally describe their plans this holiday weekend, as most opt to celebrate in place amid the ongoing pandemic. Only about a quarter of people nationwide will travel for…
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Trump health officials discuss Covid vaccines after U.S. administers first 1 million shots
[The stream is slated to start at 3:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Officials from the Health and Human Services Department and Pentagon are holding a joint briefing…
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Nikola shares slide after deal ends for EV garbage trucks
Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Nikola shares slid 9% Wednesday after the company announced that it has terminated its partnership with Republic Services to jointly develop electric garbage trucks. Nikola…
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Biden advisor Dr. Atul Gawande was in Moderna trial
Dr. Atul Gawande, a coronavirus advisor to President-elect Joe Biden, told CNBC on Wednesday he participated in Moderna‘s Covid-19 vaccine trial. “My mother, at 84, said, ‘I want to give back,’ so she signed up for the trial. I said if…
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Dubai offering Pfizer, Sinopharm Covid vaccines to residents for free
A traveler passes through immigration control by walking through a “smart tunnel ” at Dubai International Airport. GIUSEPPE CACACE/AFP The United Arab Emirates’ commercial capital Dubai is making the Pfizer-BioNTech coronavirus vaccine available to its residents for free as of…
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Student athletes worry coronavirus could put their scholarships at risk
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…
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Miami’s commercial real estate boom picks up steam amid Covid pandemic
MIAMI — Move over, Texas. The Lone Star state has grabbed headlines as tech companies like Oracle, Hewlett-Packard Enterprise and billionaire Elon Musk are planning to move major operations from California for its greener pastures and — lower taxes. But…
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New York Gov. Andrew Cuomo updates the public as state rolls out Covid vaccines
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] New York Gov. Andrew Cuomo is scheduled to hold a press briefing Wednesday on the Covid-19 vaccine…
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Shipping delays have hurt holiday sales, says Fanatics’ Michael Rubin
Michael Rubin, executive chairman of online sports apparel giant Fanatics, told CNBC on Wednesday that retail sales this holiday season have been negatively impacted by shipping challenges. “There’s been so much pressure on the different shipping networks to deliver, I…
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Covid aid package gives airlines $15B if they recall furloughed workers
Airline industry workers hold signs during a protest in Federal Plaza in Chicago, Illinois, on September 9, 2020. Kamil Krzaczynski | AFP | Getty Images U.S. airlines have begun the complicated process of calling back 32,000 workers they furloughed this…
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Texas, other states break from CDC in prioritizing who gets next round of shots
Greg Abbott, governor of Texas, speaks during an Operation Warp Speed vaccine summit at the White House in Washington, D.C., U.S., on Tuesday, Dec. 8, 2020. Al Drago | Bloomberg | Getty Images People 65 years and older, and those…
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Voyager Space Holdings takes majority stake in Nanoracks’ XO Markets
Nanoracks’s Bishop airlock installed on the International Space Station. NASA Voyager Space Holdings’ fourth acquisition in a little over a year since it was established is a majority stake in the parent company of Nanoracks, a space services and hardware…
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Sorrento Therapeutics’ antibodies injection, nose drops to fight Covid
Medical staff member Christina Mathers attends to a patient, who is unconscious, as she holds the patient’s hand in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 21, 2020 in Houston, Texas. Go Nakamura…
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Covid crisis made low-wage workers essential, but gains appear fleeting
A man bangs a spatula against a pot to show gratitude to medical workers from Lenox Hill Hospital as part of the nightly #ClapBecauseWeCare during the coronavirus pandemic on May 07, 2020 in New York City. Cindy Ord | Getty…
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Will the U.S. trust it?
The U.S. began vaccinating the population against the coronavirus last week, but mass adoption is not a guarantee. Nearly 4 in 10 Americans say they would “definitely” or “probably” not get a vaccine, according to a Pew Research Center survey…
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Trump slams Covid stimulus bill U.S. President Donald Trump waves as he departs on the South Lawn of the White House, on…
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Covid-19 crippled U.S. auto sales in 2020 but it could have been worse
A car dealer shows a vehicle to customers at a dealership in Jersey City, New Jersey. Angus Mordant | Bloomberg | Getty Images Sales of new vehicles in the U.S. are expected to close this year down at least 15%,…
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Treasury yields climb after Trump threatens to derail stimulus bill
U.S. government debt prices were lower on Wednesday after President Donald Trump suggested he may not sign a long-delayed coronavirus relief package. The yield on the benchmark 10-year Treasury note climbed to 0.921%, while the yield on the 30-year Treasury bond was slightly higher…
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Some level of herd immunity may be reached by end-2021
SINGAPORE – The world must remain vigilant for the next six months, while the coronavirus vaccine is rolled out as it will take time before most of the population receive their vaccinations, the World Health Organization’s chief scientist told CNBC….
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New Covid strain ruins Christmas travel plans for Brits
People walk past the closed entrance of the Eurostar terminal at Brussels South railway station after Britain’s European neighbors began closing their doors to travelers from the United Kingdom amid alarm about a rapidly spreading strain of coronavirus, in Brussels,…
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Trump threatens to derail US stimulus
LONDON — European markets are set to open mostly lower on Wednesday, as investors react to President Donald Trump’s disapproval of a long-delayed U.S. coronavirus stimulus package. Britain’s FTSE 100 is seen falling 25 points to 6,432, Germany’s DAX off…
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Why Covid vaccine is ‘more like a tetanus shot,’ says NIH Director
National Institutes of Health Director Dr. Francis Collins told CNBC that “it was very likely” that the U.S. government is close to a deal with Pfizer for up to an additional 100 million Covid vaccine doses. “It is good news…
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‘We’re in a perfect spot’
The Container Store has named a replacement for outgoing CEO Melissa Reiff, who told CNBC’s Jim Cramer Tuesday that she is optimistic about the transition. Satish Malhotra, a veteran executive of personal care retailer Sephora, is set to begin leading…
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Coronavirus sped up digital transformation by 6 years, Twilio CEO says
When the coronavirus pandemic limited face-to-face interactions earlier this year, companies, governments and other organizations adapted to the new normal by transitioning many activities online. The transition, a part of the digital transformation that has played out over the years,…
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‘The upside could be enormous’
CNBC’s Jim Cramer on Tuesday reacted to rumors that Apple could be laying day a path to get into the car business, saying Apple stock should be owned simply for its existing catalog of technology products. “An electric vehicle merely…
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Pfizer nears deal with U.S. government for more doses
Walgreens Pharmacist Jessica Sahni holds the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine at The New Jewish Home in New York, December 21, 2020. Yuki Iwamura | Reuters The U.S. government is close to a deal with Pfizer for an additional 100…
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Biden warns Covid vaccine won’t stop deaths of ‘tens of thousands’ Americans in the months to come
President-Elect Joe Biden delivers remarks before the holiday at The Queen in Wilmington, Delaware on December 22, 2020. Alex Edelman | AFP | Getty Images President-elect Joe Biden on Tuesday urged Americans to remain “vigilant” over the holidays, adding that…
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Peloton, Apple, IAC, CarMax and more
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making…
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Chipotle will not require its employees to get the coronavirus vaccine
Chipotle Mexican Grill CEO Brian Niccol said Tuesday that the company will “strongly encourage” employees to receive the coronavirus vaccine. The Centers for Disease Control and Prevention recommended that foodservice workers are placed next in line to receive the inoculation…
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Biden to push for more payments in next Covid plan
US President-Elect Joe Biden delivers remarks before the holiday at The Queen in Wilmington, Delaware on December 22, 2020. Alex Edelman | AFP | Getty Images President-elect Joe Biden will push for a third round of stimulus checks in the…
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West Virginia Gov. Jim Justice on nursing home rollout
West Virginia is on track to administer Covid-19 vaccines at all of its long-term care facilities by the end of this year, Republican Gov. Jim Justice told CNBC on Tuesday. It would mark a significant milestone in West Virginia’s efforts…
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5 things to know about virus spreading in the U.K.
A notice informing people of ‘Tier 4’ coronavirus restrictions lights up a digital advertising screen on Oxford Street in London, England, on December 21, 2020. David Cliff | NurPhoto | Getty Images The U.K. has identified a new variant of…
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Adam Silver positions NBA for breakthrough after Covid
Adam Silver, NBA Commissioner. Getty Images On the eve of a new season, National Basketball Association Commissioner Adam Silver made clear his league would not jump the line to receive Covid-19 vaccines as the NBA attempts to normalize its business….
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Punch Bowl Social files for bankruptcy after Covid devastates its business
Punch Bowl Social on Broadway in Denver, November 01, 2016. Andy Cross | Denver Post | Getty Images Punch Bowl Social filed for Chapter 11 bankruptcy on Monday after the coronavirus pandemic devastated its business. As recently as February, the…
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What critics are saying about Pixar’s newest film
Jamie Foxx voices Joe Gardner in Disney Pixar’s “Soul.” Disney Pixar has done it again. Disney’s Academy Award-winning studio is set to release its latest triumph on the company’s streaming service on Christmas Day. “Soul,” the 23rd feature from Pixar,…
Read More CDC says new Covid strain in UK could already be circulating undetected in U.S.
Medical staff member Christina Mathers attends to a patient, who is unconscious, as she holds the patient’s hand in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 21, 2020 in Houston, Texas. Go Nakamura…
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Alaska Airlines makes big bet with upsized Boeing 737 Max order
Alaska Airlines has agreed to buy nearly two dozen additional Boeing 737 Max planes, the first order from a U.S. carrier since regulators cleared the planes to fly again last month after two deadly crashes. Alaska said Tuesday it will…
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GM’s defense unit sees $25 billion market in potential military contracts for automaker
The GM Defense Infantry Squad Vehicle was uniquely engineered to meet U.S. military specifications. It is based on the automaker’s off-road Chevrolet Colorado ZR2 midsize truck architecture. GM Defense DETROIT – General Motors is targeting significant growth for its resurrected…
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Take first one available to you, says Mayo Clinic CEO
Dr. Gianrico Farrugia, CEO of the Mayo Clinic, is urging Americans to take the first Covid-19 vaccine available to them. “My message is very simple: Don’t wait for a particular vaccine,” he told CNBC’s “Squawk Box” on Tuesday. “Get the…
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Sen. Warren introduces bill for free Covid testing for teachers, essential workers
Senator Elizabeth Warren (D-MA) departs after a vote on Capitol Hill in Washington, U.S., September 22, 2020. Joshua Roberts | Reuters Sen. Elizabeth Warren is pushing legislation that would provide free Covid testing for teachers, students, essential workers and others…
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Dr. Fauci, Azar receive Moderna’s Covid vaccine as rollout begins
[The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci, U.S. Health…
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Peloton stock hits record high after Precor deal
Shannon Stapleton | Reuters Peloton shares rose to a record Tuesday after the company announced plans to buy exercise equipment manufacturer Precor for $420 million. In early trading Tuesday, the stock was at an intraday record of $160.56, up 11.2%…
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Covid recovery plans can help battle climate change
Employees of the company Goldbecksolar are testing a module in a solar park under construction in a former gravel opencast mine. Jens Buttner | picture alliance | Getty Images During the coronavirus pandemic, the worst public health crisis in a…
Read More 5 things to know before the stock market opens December 22, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow headed for a higher open after Capitol Hill finally delivers on stimulus Ornaments on the New York Stock Exchange (NYSE) holiday…
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Travel stocks sell off, but there could be buying opportunities
Travel stocks are in turmoil, again. Airlines, hotel and cruise stocks sold off Monday as a new Covid strain broke out in the U.K. and Europe tightened travel restrictions. It does not make sense to jump into these names yet,…
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Treasury yields fall amid fears of new coronavirus strain
U.S. government debt prices rose on Tuesday as investor sentiment was shaken by a fast-spreading new coronavirus strain in the U.K. The yield on the benchmark 10-year Treasury note sank to around 0.918%, while the yield on the 30-year Tresury…
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&ever CEO says indoor vertical farm will produce 1.5 tons of produce
The boss of German firm &ever has said that his company’s new indoor vertical farm in Singapore will produce 1.5 tons of “leafy green” produce every day when it is up and running in the fourth quarter of next year….
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New coronavirus strain weighs on sentiment
LONDON — European shares are set to open slightly higher Tuesday, attempting to recover from a brutal sell-off in the previous session, as investors sentiment was shaken by a new coronavirus strain in the U.K. Britain’s FTSE 100 is set…
Read MoreEasy cocktail recipes for celebrating the holidays at home
This is not the year for big Christmas parties, but that doesn’t mean that holidaymakers can’t create their own festivities at home with the help of seasonal cocktail recipes from around the globe. From sweet treats to serious spiced drinks,…
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‘This is already in the U.S.,’ says Dr. Gottlieb
Former FDA chief Dr. Scott Gottlieb warned that the highly contagious, new mutation of Covid-19 found in the United Kingdom “is already in the U.S.” as more than 40 countries ban travel to and from the U.K. for 48 hours…
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Thor Industries eyes southern expansion, new products with Tiffin deal
Thor Industries CEO Bob Martin on Monday told CNBC that the company is looking to develop new products and expand its business after purchasing Tiffin Motorhomes in a $300 million deal. The acquisition gives Thor, a recreational vehicle maker based…
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Buying opportunities come at the moment of maximum panic
CNBC’s Jim Cramer on Monday broke down his long-trusted playbook to game the market on volatile days for stock trading. Equities on Wall Street spent the early part of the trading day in the red, coming under pressure as investors…
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Robinhood CEO says SEC charges ‘don’t reflect Robinhood today’
Robinhood CEO Vlad Tenev on Monday responded to claims that the stock trading company deceived customers about its money making tactics, which led it to a $65 million settlement with the Securities and Exchange Commission last week. In an appearance…
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Ex-Macy’s CEO Lundgren expects retail closures to persist into 2021
Former Macy’s CEO Terry Lundgren told CNBC on Monday he expects coronavirus pandemic-related disruption for the retail industry to persist well into next year, leading potentially to more store closures. “We’re not done yet. … We’re going to learn even…
Read More Peloton to acquire fitness equipment maker Precor for $420 million
Peloton shares soared Monday after the company announced it plans to acquire the exercise equipment manufacturer Precor for $420 million, in a bid to speed up production of its cycles and treadmills and meet its promised delivery windows. Its stock…
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U.S. plans to study allergic reactions from Pfizer shots
The U.S. is looking at why a handful of people have suffered from severe allergic reactions shortly after receiving Pfizer’s coronavirus vaccine shots, a National Institute of Allergy and Infectious Diseases official told CNBC on Monday. The study – which…
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Lockheed Martin’s Aerojet Rocketdyne deal helps compete with SpaceX
The four RS-25 engines slated to fly on the maiden flight of NASA’s SLS rocket, at the company’s facility at NASA’s Stennis Space Center. Aerojet Rocketdyne Lockheed Martin intends to buy Aerojet Rocketdyne at a $4.6 billion equity value, a…
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Chevy Chase recreates ‘Christmas Vacation’ scene for Mustang Mach-E ad
Chevy Chase and Beverly D’Angelo reprise their National Lampoon’s Christmas Vacation roles as Clark and Ellen Griswold for a new ad for the Ford Mustang Mach-E. Ford Comedian Chevy Chase is reprising his role as Clark Griswold from the film…
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Joe Biden receives Covid vaccine, encourages public to get inoculated
US President-elect Joe Biden receives a Covid-19 vaccination from Tabe Masa, Nurse Practitioner and Head of Employee Health Services, at the Christiana Care campus in Newark, Delaware on December 21, 2020. Alex Edelman | AFP | Getty Images President-elect Joe…
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Americans head to malls as Christmas approaches
A woman wearing a mask carries shopping bags through the snow near Bryant Park on December 17, 2020 in New York City. New York City received 6 to 8 inches of snow in an overnight storm that resulted in local…
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Trump Covid vaccine czar says ‘extremely low’ chance Pfizer and Moderna shots won’t work against new strain
Christy Ruffell, manager of clinic nursing standards at UCHealth Medical Center, left, administers the Covid-19 vaccine to CNA Luis Perez, right, at UCHealth Poudre Valley Hospital on December 14, 2020 in Fort Collins, Colorado. Helen H. Richardson | The Denver…
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Walt Disney Studios Chairman Alan Horn steps down, remains chief creative officer
Alan Bergman (L) and Alan Horn attend the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 05, 2020 in Beverly Hills, California. Alberto E. Rodriguez | Getty Images Entertainment | Getty Images Entertainment legend Alan Horn…
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British Airways agrees to require negative coronavirus tests before New York flights, Cuomo says
British Airways Boeing 747-400 with nickname Queen of the Skies commercial aircraft as seen on final approach with landing gear down landing at New York JFK John F. Kennedy International Airport in USA on 23 January 2020. Nicolas Economou |…
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White House Covid task force kept airport health screeners in place despite risk
In a nearly 17-year career with U.S. Customs and Border Protection, Officer Omar E. Palmer had encountered plenty of precarious situations, from suitcases filled with weapons and drugs to disorderly passengers in John F. Kennedy Airport’s international terminal. “I would…
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WHO says new Covid strain in U.K. appears more contagious
World Health Organization (WHO) Chief scientist Soumya Swaminathan on January 12, 2020 in Geneva. FABRICE COFFRINI | AFP via Getty Images World Health Organization officials said Monday that the coronavirus is mutating “at a much slower rate” than seasonal influenza,…
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House panel subpoenas HHS, CDC chiefs as investigation into Covid response intensifies
U.S. Health Secretary Alex Azar and the director of the Centers for Disease Control and Prevention, Dr. Robert Redfield, have been subpoenaed by a House panel investigating the Trump administration’s response to the Covid pandemic. Rep. James Clyburn, chairman of…
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Millionaires see strong market gains in 2021
America’s millionaires are betting on a strong stock market next year, with many expecting double-digit gains, according to the CNBC Millionaire Survey. Fully 70% of millionaires expect the S&P 500 will be up at least 5% next year, according to…
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Brooklyn Nets CEO expecting bumpy road ahead for upcoming NBA season
John Abbamondi, CEO of the Brooklyn Nets. Dave Reginek | Getty Images The National Basketball Association will commence its 2020-21 regular season on Tuesday, returning to in-market games for the first time since March 11. But executives are already predicting…
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Airline stocks slide as U.K. cases prompt travel restrictions
A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain, March 13, 2020. Matthew Childs | Reuters Airline stocks slipped Monday as a highly contagious mutation of Covid-19 found…
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Covid vaccines likely to protect against new virus strain: Dr Gottlieb
Dr. Scott Gottlieb told CNBC on Monday that existing Covid-19 vaccines will likely provide protection against the new strain of the coronavirus circulating in the U.K. British Prime Minister Boris Johnson on Saturday implemented strict lockdowns in London and large parts of…
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Nike shares hit record high, as investors see digital bets paying off
Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020….
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The Book of Boba Fett is its own series, will arrive on Disney+ in 2021
Temuera Morrison stars as Boba Fett in “The Mandalorian.” Source: Disney Boba Fett is officially getting his own Disney+ series. On Friday, a post credit scene during the finale of season two of “The Mandalorian” teased that Temuera Morrison and…
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European Medicines Agency authorizes Pfizer vaccine for use in the EU
A healthcare worker holds a coronavirus disease (COVID-19) vaccine vial at Dignity Health Glendale Memorial Hospital and Health Center in Glendale, California, U.S., December 17, 2020. Lucy Nicholson | Reuters Europe’s medicines regulator on Monday authorized Pfizer and BioNTech’s coronavirus…
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Covid relief bill includes about $8 billion for vaccine distribution
Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters The $900 billion coronavirus relief package agreed to by lawmakers allocates $8…
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Wall Street makes a big S&P 500 call for 2021. History says ignore it
Wall Street analysts could not have predicted that a new strain of the coronavirus detected in the U.K. and South Africa would lead to the S&P 500 tanking in pre-market future trading on Monday, even as the U.S. government reached…
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5 things to know before the stock market opens December 21, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street under pressure on concerns about new Covid strain Traders work on the floor of the NYSE. NYSE 2. Doctors say…
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‘Investor alpha’ is the most important financial strategy for 2021
jayk7 | Moment | Getty Images This has been the year of unpredictability. The pandemic, including self-quarantining for months, is top of mind for people around the globe. The many other surprises this year include the fastest bear market in…
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Zoom confident it can meet Christmas Day demand
LONDON – Zoom is gearing up for what could end up being its busiest day ever: Christmas Day. Around the world, there are lockdowns in place that will make travelling to see friends and family on Christmas Day complicated, and…
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Covid vaccines will protect against new strains of the virus: Doctor
SINGAPORE — Existing vaccines for Covid-19 will be effective in fighting off infection from new strains of the coronavirus, a U.S. doctor told CNBC this week. His comments came after the U.K. on Saturday said it identified a new mutation…
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New Covid strain makes UK a global pariah amid travel bans
Lorries queue on the A20 to enter the port of Dover in Kent. Gareth Fuller | PA Images via Getty Images LONDON — A highly contagious new variant of the coronavirus is causing countries in Europe and elsewhere to block…
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Investors monitor new coronavirus strain
European markets are set to trade lower on Monday as investors monitor a fast-spreading new variant of the coronavirus strain that has shut down much of the U.K. Britain’s FTSE 100 was seen opening down by 75 points at 6,442,…
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CDC panel says frontline essential workers, people 75 years and older should get Covid vaccine next
A Centers for Disease Control and Prevention panel voted 13-1 Sunday to put “frontline essential workers” and people 75 years of age and older next in line to be eligible to receive a vaccine against Covid-19. That so-called phase 1b…
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Covid-19 vaccine shortfalls due to confusion over FDA requirements
Workers move boxes containing the Pfizer-BioNTech Covid-19 vaccine as they are prepared to be shipped at the Pfizer Global Supply Kalamazoo manufacturing plant in Kalamazoo, Michigan on December 13, 2020. Morry Gash | AFP | Getty Images Officials with Operation…
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Airlines on track to get $15 billion in federal aid
A person walks at Reagan National Airport ahead of the Thanksgiving holiday in Arlington, November 25, 2020. Hannah McKay | Reuters U.S. airlines are on track to get $15 billion in federal aid to pay workers under the latest bipartisan…
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Why ads could be a bargain amid Covid-19
The Kansas City Chiefs celebrate with the Vince Lombardi Trophy after defeating the San Francisco 49ers 31-20 in Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida. Ronald Martinez | Getty Images There’s no better…
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The U.K. has identified a new Covid-19 strain that spreads more quickly. Here’s what they know
England’s top medical officer on Saturday announced that the U.K. has identified a new variant of the coronavirus that “can spread more quickly” than prior strains of the virus, leading Prime Minister Boris Johnson to impose fresh restrictions on parts…
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‘The Mandalorian’ is ushering in new era of Star Wars on Disney+
The Child, popularly known as “Baby Yoda,” is a character in the new Disney+ series, “The Mandalorian” Episodic Photos, Disney *This post contains spoilers for “The Mandalorian” season two.* When the final credits rolled on “Star Wars: The Rise of Skywalker,” fans…
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Why investing in esports is an opportunity for forward-thinkers
G2 Esports fans during Quarter Finals League of Legends World Championship match between G2 Esports and Damwon Gaming on October 27, 2019 in Madrid, Spain. Borja B. Hojas | Getty Images For the uninitiated, think of esports like you would…
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How the US defense business makes billions off missile sales
Missile sales have become the No. 2 defense export in the U.S., according to the Stockholm International Peace Research Institute. And a handful of U.S. companies dominate production. Like with aircraft, missile sales are based on international alliances and treaties….
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California’s Covid surge forces trial delay of Theranos Elizabeth Holmes
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images…
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Jay Leno reveals what he thinks is the genius behind Elon Musk, Tesla
Jay Leno said he thinks the genius of Tesla’s CEO Elon Musk is that “he was building the infrastructure as he was building the vehicle.” “Even today, a lot of the major manufacturers build an electric car, but, oh, where…
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Covid vaccinations ‘won’t be chaos,’ assures Walgreens executive
Rick Gates, senior vice president of pharmacy and healthcare at Walgreens, told CNBC that getting vaccines to the general public “won’t be chaos” as the FDA authorized Moderna’s Covid-19 vaccine for emergency use and set plans in motion to get states nearly 6 million doses by early…
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Moderna Covid vaccine FDA approved for emergency use
The Food and Drug Administration has approved Moderna‘s coronavirus vaccine for emergency use. The vaccine — the second approved for use in the U.S. behind Pfizer and BioNTech‘s — bolsters the U.S. supply of doses. The potentially lifesaving shots are…
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More upside after Tesla’s S&P 500 welcome
The pandemic took a backseat to Tesla on the stock market Friday as traders exchanged shares ahead of its upcoming debut on the market benchmark index, CNBC’s Jim Cramer said Friday. Trade in Tesla, the poster child of high-flying tech…
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XL Fleet EV stock ‘could be a steal’ after blank-check merger
CNBC’s Jim Cramer on Friday gave his assessment on XL Fleet, the commercial and municipal fleet electrification supplier that’s expected to go public next week via blank-check merger. XL Fleet, founded in 2009 to tap into the emerging electric vehicle…
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Cloudflare CEO says ‘zero-trust’ structure is answer to government hack
Cloudflare CEO Matthew Prince on Friday commented on the cyberattack on the federal government that was revealed earlier this week. In an appearance on CNBC’s “Mad Money,” the chief executive of the cloud cybersecurity provider said it’s one reason his…
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Pent-up demand will sustain Covid boom in RV sales
Winnebago CEO Michael Happe told CNBC on Friday he expects the coronavirus pandemic-inspired surge in recreational vehicle sales to last into next year. The comments came after the Forest City, Iowa-based company reported strong quarterly results that exceeded Wall Street…
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Tesla jumps 6% in heavy volume ahead of S&P 500 entry, stock then falls a bit in after hours
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Shares of Tesla traded more than four…
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HHS releases sweeping new report on U.S. Covid outbreak in move toward transparency
The Department of Health and Human Services on Friday published a sweeping new report on the state of the U.S. Covid-19 outbreak, releasing data that was previously available only to government employees. The new “community profile report” uses data collected…
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Nike (NKE) reports Q2 fiscal 2021 earnings, sales beat
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings…
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General Motors, Ford won’t mandate Covid-19 vaccinations for employees
Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford General Motors will not require employees to receive…
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GE’s giant turbines to power last phase of huge offshore wind farm
General Electric’s renewable energy division has been chosen as the preferred turbine supplier for the third and final phase of an offshore wind farm that’s set to be the largest on the planet. According to an announcement from SSE Renewables…
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‘Wonder Woman 1984’ reviews: What critics are saying
Gal Gadot stars as Wonder Woman in “Wonder Woman 1984.” Warner Bros. “‘Wonder Woman 1984’ isn’t great and it isn’t terrible,” writes Stephanie Zacharek of Time Magazine. That seems to be the general consensus from critics as the sequel film…
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Milwaukee Bucks credit ‘Giannis effect’ for uptick in business
Giannis Antetokounmpo of the Milwaukee Bucks Gregory Shamus | Getty Images The Milwaukee Bucks crediting a boost in merchandise sales to Giannis Antetokounmpo. Just moments after the National Basketball Association’s reigning MVP posted on his Instagram account that he’s staying…
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December is shaping up to be the Covid pandemic’s deadliest month yet in the U.S.
Sammie Michael Dent, Jr., the grandson of Florence Bolton, a coronavirus disease (COVID-19) positive patient that died on November 2nd at Roseland Community Hospital, carries her casket into Zion Evangelical Lutheran Church on the South Side of Chicago, Illinois, U.S.,…
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How to plan a vacation during Covid
We all need a vacation after 2020. And with vaccines being shipped out around the country, now might be a good time to start planning your much-needed getaway in 2021. The most important part of any trip you plan during…
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Palo Alto Networks CEO on the suspected Russian cyberattack
Palo Alto Networks CEO Nikesh Arora told CNBC on Friday that every business and federal agency needs to take stock of their network security in the wake of the suspected Russian massive cyberattack. The security executive’s comments follow the revelation that…
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Utah Jazz owner Ryan Smith: CNBC interview
Gail Miller, Owner and chair of the Larry H. Miller Group of Companies and the Utah Jazz, announced today they have entered into definitive agreements to sell a majority interest in the Utah Jazz and other sports to technology entrepreneur…
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Tesla, FedEx, Airbnb, Winnebago & more
Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle company jumped more than 1% to a new all-time high ahead of Tesla’s inclusion in the S&P 500. The stock will be added to…
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Pelosi and McConnell will receive Covid vaccine soon
Senate Majority Leader Mitch McConnell (R) (R-KY) with House Minority Leader Rep. Nancy Pelosi (L) (D-CA). Getty Images Senate Majority Leader Mitch McConnell and House Speaker Nancy Pelosi will receive Covid vaccinations in coming days, after the attending physician in…
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NY Gov. Cuomo briefs the press on Covid pandemic as state distributes vaccines
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] New York Gov. Andrew Cuomo is scheduled to hold a press briefing Friday on the Covid vaccine…
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Vice President Mike Pence gets Covid vaccine, Fauci ‘ready to go’
Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci speaks after US Vice President Mike Pence received the COVID-19 vaccine in the Eisenhower Executive Office Building in Washington, DC, December 18, 2020. Saul Loeb | AFP |…
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COVAX global Covid vaccine program secures nearly 2 billion doses for UNICEF distribution
A pharmacist prepares a dose of the Pfizer-BioNTech Covid-19 vaccine at UCI Medical Center in Orange, California, U.S., on Wednesday, Dec. 16, 2020. Bing Guan| Bloomberg | Getty Images The global alliance aiming to provide poor nations with coronavirus vaccines…
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Dr. Scott Gottlieb expects shortages to last through next week
Dr. Scott Gottlieb told CNBC on Friday he expects a shortage of Covid-19 vaccine doses to continue past next week, even if the Food and Drug Administration issues emergency use authorization for Moderna’s vaccine. “I’ve talked to hospitals. They’re vaccinating far…
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