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Gary Cohn joins IBM as vice chairman

Gary Cohn joins IBM as vice chairman

Gary Cohn, the former Goldman Sachs president and economic advisor to President Donald Trump, is joining IBM as its vice chairman. Cohn announced the move in a tweet Tuesday morning in which he said he was “honored” to be joining the company’s board. IBM shares traded up about 1.2% following …

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VMware commits to closing workforce gender gap by 2030

VMware commits to closing workforce gender gap by 2030

VMware has committed to achieving gender parity as part of its list of goals to reach this decade, COO Sanjay Poonen told CNBC’s Jim Cramer Monday. The cloud computing and virtualization software company has laid out 30 goals to meet by 2030, and addressing the makeup of the workforce is …

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Jim Cramer reveals his 10 investment themes for 2021

Jim Cramer reveals his 10 investment themes for 2021

Wall Street on Monday labored through a tough day to open the new trading year, which prompted CNBC’s Jim Cramer to break down the top investing themes he’ll be watching in 2021. Investors should keep secular trends in mind because they are the best ways to approach a marketwide sell-off, …

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Boris Johnson imposes national lockdown on England

Boris Johnson imposes national lockdown on England

British Prime Minister Boris Johnson said England is adopting a national lockdown that he hopes will be tough enough to contain a new, highly contagious variant of Covid-19. People can only leave their homes to shop for essentials, work if they can’t from home, exercise, go to the doctor’s and …

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As Covid cases surge in California, Hollywood pauses TV production

As Covid cases surge in California, Hollywood pauses TV production

General view of the Hollywood Sign on November 17, 2020 in Hollywood, California. AaronP/Bauer-Griffin | GC Images | Getty Images After months of rising coronavirus cases, hospitalizations and deaths in California, several Hollywood guilds and labor unions are recommending that in-person production of television shows and independent films be temporarily …

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Quantumscape, Tesla, Boeing, McDonald’s & more

Quantumscape, Tesla, Boeing, McDonald's & more

Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Quantumscape — Shares of the battery company slid …

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McDonald’s will launch 3 chicken sandwiches on Feb. 24

McDonald's will launch 3 chicken sandwiches on Feb. 24

McDonald’s Crispy Chicken Sandwich and Deluxe Crispy Chicken Sandwich Source: McDonald’s McDonald’s will launch three chicken sandwiches in February as it tries to reach new customers with more poultry on its menu. Starting Feb. 24, consumers will be able to buy the Crispy Chicken Sandwich, Spicy Chicken Sandwich and the …

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Fiat Chrysler and PSA Groupe shareholders approve merger

Fiat Chrysler and PSA Groupe shareholders approve merger

An employee at Fiat Chrysler’s Windsor Assembly Plant works inside the chassis of the Chrysler Pacifica Hybrid in December 2016. Fiat Chrysler Shareholders of Italian-American automaker Fiat Chrysler and France-based PSA Groupe on Monday approved a merger plan to create Stellantis, the world’s fourth-largest automotive group. The voting was one …

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Dr. Scott Gottlieb says eligibility should be expanded

How CFOs feel about 2021 hiring, spending with vaccine on the way

The U.S. should expand coronavirus vaccine eligibility in order to ensure more Americans receive shots in the coming weeks, Dr. Scott Gottlieb told CNBC on Monday. “Right now, every shot in an arm is a win,” Gottlieb said on “Squawk Box.” The U.S. fell far short of its year-end 2020 …

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Chipotle launches cauliflower rice nationwide as consumers cut grains

Chipotle launches cauliflower rice nationwide as consumers cut grains

Chipotle Mexican Grill’s Cilantro-Lime Cauliflower Rice Source: Chipotle Mexican Grill Chipotle Mexican Grill on Monday began offering a cauliflower rice option to attract consumers trying to comply with their New Year’s resolutions. The rice substitute is made with grilled cauliflower, cilantro, lime and salt and will be available in U.S. …

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Nigeria’s $82 billion health-care gap: Investors stand by

Nigeria's $82 billion health-care gap: Investors stand by

A security man administers sanitiser to a visitor to a state hospital in Lagos, on February 28, 2020. PIUS UTOMI EKPEI | AFP via Getty Images The coronavirus pandemic has sharpened the lens on a substantial health-care spending gap in Africa’s largest economy, and international investors are seeking to fill …

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UK rolls out AstraZeneca-Oxford vaccine

UK rolls out AstraZeneca-Oxford vaccine

UK Prime Minister Boris Johnson poses for a photograph with a vial of the AstraZeneca/Oxford University Covid-19 candidate vaccine. WPA Pool | Getty Images News | Getty Images LONDON — The U.K. has started rolling out the coronavirus vaccine developed by AstraZeneca and the University of Oxford, marking another step …

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whisky tastings, castles and spa

whisky tastings, castles and spa

For fans of the popular television series “Outlander,” train travel is one of the easiest ways to soak up the sites of the Scottish Highlands. Since the show’s debut in 2014, the number of visitors to the mostly rural northern part of Scotland has increased so much that the rise …

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U.S. air travel hits pandemic high over New Year’s

U.S. air travel hits pandemic high over New Year's

A member of the New York Army National Guard hands out health forms to travelers at LaGuardia Airport (LGA) in New York, U.S., on Thursday, Dec. 24, 2020. Angus Mordant | Bloomberg | Getty Images U.S. air travel hit its highest level on Saturday since mid-March, raising fears that the …

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NFL owners can prove they’re serious about diversity

NFL owners can prove they're serious about diversity

ESPN Monday Night Football Studio Analysts Louis Riddick during the NFL regular season football game between the Cleveland Browns and the San Francisco 49ers on Monday, Oct. 7, 2019 at Levi’s Stadium in Santa Clara, Calif. Ric Tapia | Icon Sportswire | Getty Images In 2020, the National Football League …

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The Covid recession brought extreme inequality in 2020

The Covid recession brought extreme inequality in 2020

The New York Stock Exchange (NYSE) in lower Manhattan. Spencer Platt | Getty Images The legacy of 2020 will endure in America’s collective memory for many reasons: a deadly pandemic, a vicious presidential election. It also brought the most severe recession in almost a century, which hurtled millions into poverty …

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Exxon Mobil, Tribune Publishing, Apple, Tesla & more

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, however, seeing a benefit this quarter from higher oil prices …

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Oxford researcher says future strains can be protected against

Oxford-AstraZeneca vaccine to immunize the planet 'more effectively,' Lancet editor says

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 attention focuses on a strain of the virus widely circulating …

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Operation Warp Speed chief says distribution ‘should be better’

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 count, more than 11.4 million doses of Pfizer’s and Moderna’s …

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U.K. imposes Tier 4 Covid restrictions on millions as cases soar

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 LONDON — The U.K. government has introduced stricter coronavirus restrictions …

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5 things to know before the stock market opens Wednesday

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 U.S. Capitol on December 15, 2020 in Washington, DC. Tom …

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AstraZeneca, Intel, Caterpillar, Alibaba & more

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 U.S., with the FDA still to review large-scale trials. The …

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Oxford-AstraZeneca Covid vaccine approved by UK regulator 

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 coronavirus vaccine being developed by the University of Oxford and …

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U.S. needs to vaccinate 3 million people per day to hit goal

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 to have every single American who needs a vaccine and …

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California extends stay-at-home order for two regions

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 Valley, California. Mario Tama | Getty Images California will extend …

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Joe Biden says Trump’s Covid vaccine effort far short its own goals

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,” he said at a news briefing. “As I long feared …

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Sales plummeted 80%, the lowest haul in decades

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 With just a few days before the end of the …

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Snap, Boeing, Alibaba, Lemonade & more

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 FactSet. The stock rose to an all-time high on the …

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How the Covid pandemic changed the foods we cook and crave in 2020

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 may permanently influence what people buy, crave and eat in …

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How Covid derailed Olive Garden’s success

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 wreaked havoc on the restaurant industry. In December, Darden Restaurants …

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Boeing, SAP, Lemonade, Alibaba & more

Air Canada Boeing 737 Max ferry flight diverts after engine issue

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 expected to be valued at $12 billion or more, compared …

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Pierre Cardin, ground-breaking fashion designer, dies

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 shapes to haute couture and put his name on everything …

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Boeing 737 Max set to return to U.S. skies after crashes

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 to operate the first U.S. commercial flight of Boeing’s 737 …

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Online shopping leads to strain at Port of Los Angeles

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 Director Gene Seroka in an appearance Monday on CNBC said …

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Nikola, Weibo, DoorDash & more

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 sees a “less drama-filled” news flow for the company in …

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Equities likely to grow, but finding yield remains difficult

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 seeking yield from bonds purchased to diversify portfolios and reduce …

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UK expected to approve Oxford-AstraZeneca Covid vaccine this week

AstraZeneca to work on vaccine with Russia's Gamaleya

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. Vincenzo Pinto | AFP | Getty Images LONDON — The …

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Wonder Woman 1984 opening weekend leads to fast-tracked third film

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 industry in mid-March. On Sunday, Warner Bros. revealed that the …

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NY healthcare provider under investigation after obtaining doses

U.S. quarantines Pfizer shipments in California, Alabama after transit 'anomaly'

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 obtained and distributed throughout parts of New York, the state’s …

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Restaurant revenue has fallen, despite delivery boom

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 week ended Nov. 29. In that same week, takeout and …

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The 10 biggest retail bankruptcies of 2020

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 the Covid health crisis pummeled the industry. Lockdown orders put …

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Apple, Alibaba, Nikola, Macy’s & more

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 Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities …

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What the superhero film can make

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 hopeful that the “Wonder Woman” sequel, which arrives Christmas Day, …

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How to travel this Christmas through live virtual tours

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 from the religious sites of Jerusalem to the department store …

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Nikola shares slide after deal ends for EV garbage trucks

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 said the decision was made after both companies “determined that …

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Dubai offering Pfizer, Sinopharm Covid vaccines to residents for free

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 Wednesday, its government has announced. The news comes after the …

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Student athletes worry coronavirus could put their scholarships at risk

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 University double majoring in broadcast journalism and business administration. The …

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Will the U.S. trust it?

Require Covid-19 vaccine for work return? Here's what Americans say

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 of 12,648 U.S. adults from Nov. 18 to 29. While …

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Treasury yields climb after Trump threatens to derail stimulus bill

Coronavirus vaccine creates market winners and losers

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 at 1.655%. Bond yields move inversely to prices. Trump on …

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Some level of herd immunity may be reached by end-2021

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. “We are going to approach the beginning of the end, …

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Trump threatens to derail US stimulus

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 by 47 points at 13,375 and France’s CAC down 16 …

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‘We’re in a perfect spot’

'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 the storage and organization products retailer, come February. “There’s never …

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Coronavirus sped up digital transformation by 6 years, Twilio CEO says

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, was a boon for companies like cloud messaging provider Twilio, …

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‘The upside could be enormous’

'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 gives you one more reason to own Apple, not trade …

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Pfizer nears deal with U.S. government for more doses

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 million doses of its coronavirus vaccine, a source told CNBC’s …

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Peloton, Apple, IAC, CarMax and more

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 headlines in midday trading. Peloton — The exercise equipment stock …

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Chipotle will not require its employees to get the coronavirus vaccine

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 during phase 1c of vaccine distribution. They fall behind the …

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Biden to push for more payments in next Covid plan

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 next Covid-19 relief bill, he said on Tuesday. The former …

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5 things to know about virus spreading in the U.K.

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 the coronavirus that appears to spread more quickly, sparking new …

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Adam Silver positions NBA for breakthrough after Covid

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. The NBA returns for its 2020-21 campaign on Tuesday. The …

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What critics are saying about Pixar’s newest film

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, focuses on Joe Gardner (Jamie Foxx), a music teacher with …

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Peloton stock hits record high after Precor deal

Peloton to acquire fitness equipment maker Precor for $420 million

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% from Monday’s close of $144.39. Telsey Advisory Group analyst Dana …

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Covid recovery plans can help battle climate change

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 century, some people pointed to what appears to be a …

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Treasury yields fall amid fears of new coronavirus strain

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 bond fell to 1.656%. Bond yields move inversely to prices. …

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Easy 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, here are CNBC Global Traveler’s picks for simple yet chic …

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‘This is already in the U.S.,’ says Dr. Gottlieb

'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 or more.  “I don’t think a travel ban, at this …

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Buying opportunities come at the moment of maximum panic

Jim Cramer identifies popular stock picks among young investors

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 worried over new revelations about the coronavirus outbreak in the …

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U.S. plans to study allergic reactions from Pfizer shots

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 is still in the early planning phases – is expected …

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Americans head to malls as Christmas approaches

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 power outages and transportation delays during the first North Eastern …

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WHO says new Covid strain in U.K. appears more contagious

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, even as officials in the U.K. announced this weekend that …

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Millionaires see strong market gains in 2021

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 the survey of households with investible assets of at least …

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Covid vaccines likely to protect against new virus strain: Dr Gottlieb

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 southern England in response to rising coronavirus infections. He said …

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Covid-19 vaccine shortfalls due to confusion over FDA requirements

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 Warp Speed, the U.S. government program to distribute Covid-19 vaccines …

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Airlines on track to get $15 billion in federal aid

American Airlines offers $129 at-home Covid tests for U.S. travel

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 coronavirus stimulus package, according to people familiar with the matter. …

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Why ads could be a bargain amid Covid-19

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 advertising spot on television than the National Football League’s Super …

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‘The Mandalorian’ is ushering in new era of Star Wars on Disney+

'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 who had eagerly awaited the final chapter in the Skywalker …

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How the US defense business makes billions off missile sales

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. And these sales can become hot-button issues, like a recent …

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Covid vaccinations ‘won’t be chaos,’ assures Walgreens executive

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 next week.    “What you’re going to see, is we’re going …

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More upside after Tesla’s S&P 500 welcome

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 stocks in 2020, put pressure on the rest of the …

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XL Fleet EV stock ‘could be a steal’ after blank-check merger

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 economy, is being targeted by a special purpose acquisition company …

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Pent-up demand will sustain Covid boom in RV sales

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 expectations. Investors cheered the quarter Friday, with shares of Winnebago …

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Nike (NKE) reports Q2 fiscal 2021 earnings, sales beat

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 that topped analysts’ estimates, driven by triple-digit growth online in …

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General Motors, Ford won’t mandate Covid-19 vaccinations for employees

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 Covid-19 vaccinations to return to physical office locations or continue …

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‘Wonder Woman 1984’ reviews: What critics are saying

'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 arrives in international cinemas this weekend. The highly anticipated follow-up …

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Milwaukee Bucks credit ‘Giannis effect’ for uptick in business

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 with the team until at least 2026, the “Giannis effect” …

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How to plan a vacation during Covid

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 Covid-19 will be flexibility, according to Nisreene Atassi, the global …

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Palo Alto Networks CEO on the suspected Russian cyberattack

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 federal agencies, reportedly including the one overseeing the nation’s nuclear …

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Utah Jazz owner Ryan Smith: CNBC interview

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 Ryan Smith. Melissa Majchrzak | National Basketball Association | Getty …

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Tesla, FedEx, Airbnb, Winnebago & more

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 the benchmark index before the opening bell on Monday based …

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Dr. Scott Gottlieb expects shortages to last through next week

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 fewer health-care providers than what they could be because they …

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Dick’s Sporting Goods picks Instacart for same-day delivery

Dick's Sporting Goods picks Instacart for same-day delivery

Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods is teaming with Instacart to offer same-day delivery from more than 150 stores, in states including Georgia, Maryland, New Jersey, …

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Darden Restaurants (DRI) Q2 2021 earnings beat, sales fall short

Darden Restaurants (DRI) Q2 2021 earnings beat, sales fall short

Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly revenue that fell short of analysts’ expectations as another wave of pandemic-related dining restrictions weighed on its same-store sales. For next quarter, typically its best of the …

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LG to launch robot that disinfects surfaces amid coronavirus pandemic

LG to launch robot that disinfects surfaces amid coronavirus pandemic

LG Electronics is working on an autonomous robot which utilizes ultraviolet light to disinfect what the South Korean tech giant describes as “high-touch, high-traffic areas.”  In an announcement this week, LG said it would look to introduce the technology to U.S.-based retail, education, hospitality and corporate customers from early next …

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Can you travel to Europe without quarantining? A new program allows it

Can you travel to Europe without quarantining? A new program allows it

­­­­­­­­­­­­­­­­­­­New preflight testing programs are allowing a small number of Americans to have a European Christmas holiday this year after all. On Tuesday, Delta Air Lines launched a Covid-19 testing program for customers flying from Atlanta to Amsterdam, while a second program is scheduled to start on Saturday for Delta …

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FedEx, United States Steel, Scholastic & more

FedEx, United States Steel, Scholastic & more

Check out the companies making headlines in after hours trading. FedEx — Shares of the shipper slid more than 3% in after hours trading despite FedEx beating top and bottom line estimates during the second quarter. For the period the company earned $4.83 excluding items, on $20.56 billion in revenue. …

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FedEx (FDX) earnings Q2 2021

FedEx (FDX) earnings Q2 2021

A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images News FedEx generated better-than-expected profits and revenue during its most recent quarter as the coronavirus pandemic continues to bolster high volume of U.S. and international package deliveries, the company …

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Biden to pick North Carolina environmental regulator to run EPA

Biden to pick North Carolina environmental regulator to run EPA

Michael Regan listens as North Carolina Gov. Roy Cooper announces that Regan will lead the Department of Environmental Quality in North Carolina, at the Executive Manson in Raleigh, N.C. Jan. 3, 2017. Chuck Liddy | AP President-elect Joe Biden will pick Michael Regan, secretary of the North Carolina Department of …

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EV start-up Canoo unveils new vehicle ahead of NASDAQ debut

EV start-up Canoo unveils new vehicle ahead of NASDAQ debut

Canoo’s van – known as a multipurpose delivery vehicle, or MPDV, because of the ways it can be upfitted – is designed for commercial customers. Canoo Electric vehicle start-up Canoo unveiled a new delivery van Thursday ahead of its public debut on the NASDAQ next week. The futuristic-looking van – …

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150 million people to shop Saturday before Christmas

150 million people to shop Saturday before Christmas

People look at the holiday decorations in the window displays at the Country store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images Procrastinators still abound this holiday season, a new survey finds, despite retailers ranging from Target to Best Buy trying …

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Why cheap cars are disappearing from dealer showrooms

Why cheap cars are disappearing from dealer showrooms

The category of new cars costing less than $20,000 has shrunk in recent years, and it may keep younger buyers out of the market for a car, pushing them further toward ride-sharing and other forms of transportation. Data from J.D. Power shows that sales of cheap cars fell off a …

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Coronavirus is reshaping retail stores for good

Coronavirus is reshaping retail stores for good

The retail industry, buffeted by the devastating impacts of the Covid pandemic, is being forced to redefine the role of the of the brick-and-mortar store. The fallout felt around the world from the global health crisis has accelerated several trends: People flocked to the web at unprecedented levels to order …

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