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   NEWS: CNBC BUSINESS
CNBC Business
Mar 04, 2021

‘I worry we're getting numb' to Covid numbers as states reopen, former CDC director says
Former acting CDC director Richard Besser explains why he's worried about states reopening too soon.

CNBC Business
Mar 04, 2021

Fauci says military members who opt out of Covid vaccine are inadvertently 'part of the problem'
The military has tasked thousands of service members to help vaccinate communities across the nation.

CNBC Business
Mar 04, 2021

Cramer says investors are in denial about stocks: 'The sell-off is real'
The stock market rally can't resume until investors work through the five stages of grief, CNBC's Jim Cramer said.

CNBC Business
Mar 04, 2021

Cramer warns a looming 'stock glut' will put more pressure on markets
"The stock market is about to have a serious oversupply problem with no concomitant buybacks or dividends to fall back on this moment," Jim Cramer said.

CNBC Business
Mar 04, 2021

Kroger CEO says he expects normal levels of food inflation in 2021 but that prices may be volatile
Kroger CEO Rodney McMullen told CNBC on Thursday he does not anticipate problematic food inflation in 2021 but that month-to-month prices may be volatile.

CNBC Business
Mar 04, 2021

Stocks making the biggest moves after the bell: Costco, Gap, Broadcom & more
These are the stocks posting the largest moves after the bell on Thursday, March 4.

CNBC Business
Mar 04, 2021

Gap forecasts return to sales growth in 2021, sending shares higher despite sales miss
Gap Inc. is calling for a bounce back to sales growth in 2021, hopeful that customers will soon return to its stores and spend more money on apparel.

CNBC Business
Mar 04, 2021

Ford quietly begins production of new 'C' pickup in Mexico
The pickup - potentially named Maverick - is expected to be smaller than Ford's current Ranger model.

CNBC Business
Mar 04, 2021

SpaceX denounces Justice Department's subpoena in hiring practices investigation as 'government overreach'
SpaceX denounced the Department of Justice's subpoena for corporate hiring records, saying the inquiry "is the very definition of government overreach."

CNBC Business
Mar 04, 2021

Marlboro maker Altria asks FDA to spread the word that nicotine doesn't cause cancer
Marlboro parent Altria is asking the Food and Drug Administration to help it spread the word that nicotine doesn't cause cancer.

CNBC Business
Mar 04, 2021

Manhattan apartment discounts may be ending soon as sales soar 73% in February
Even the most bullish brokers say they are surprised with how quickly Manhattan real estate is bouncing back after last year's record decline.

CNBC Business
Mar 04, 2021

Mall owner Washington Prime reportedly preparing to file for bankruptcy protection
U.S. shopping mall owner Washington Prime Group is preparing to potentially file for Chapter 11 bankruptcy protection, Bloomberg reported Thursday.

CNBC Business
Mar 04, 2021

Italy reportedly blocks shipment of AstraZeneca Covid vaccine destined for Australia
The European Commission, the institution leading the purchase agreements, has been blamed for not securing enough vaccines.

CNBC Business
Mar 04, 2021

Heavily shorted Tanger Outlet stock pops 20% in sudden move, then pulls back
The retail stock may be the latest attempted short squeeze by traders in 2021.

CNBC Business
Mar 04, 2021

Marlboro maker Altria reportedly asks FDA to spread the word that nicotine doesn't cause cancer
Marlboro parent Altria is asking the Food and Drug Administration to help it spread the word that nicotine doesn't cause cancer, Bloomberg reported.

CNBC Business
Mar 04, 2021

Alabama Gov. Ivey lifts statewide Covid mask mandate beginning April 9


CNBC Business
Mar 04, 2021

Bed Bath & Beyond CEO Mark Tritton says shoppers are ready to try new brands in a hunt for value
Bed Bath & Beyond Chief Executive Mark Tritton says shoppers are increasingly skipping the national brand names and looking to try private labels.

CNBC Business
Mar 04, 2021

Morgan Stanley raises GE target to $17, a high among Wall Street banks
Last month, CEO Larry Culp told an audience at an event hosted by Barclays that the company expects to burn cash in the first quarter of 2021.

CNBC Business
Mar 04, 2021

Texas Gov. Abbott blames Covid spread on immigrants, criticizes Biden's 'Neanderthal' comment
Abbott's comments come after his widely criticized decision Tuesday to rescind most of the state's Covid-19 restrictions, including a statewide mask mandate.

CNBC Business
Mar 04, 2021

GM evaluating second U.S. battery plant for EVs amid construction of $2.3 billion facility in Ohio
Battery and battery cell production are considered a lynchpins to unlocking GM's plans for its next-generation EVs to be profitable

CNBC Business
Mar 04, 2021

Democrats push FDA to regulate toxic metals in baby food after investigation finds high levels
"My investigation revealed that baby food companies ... were knowingly selling us tainted products," said Rep. Raja Krishnamoorthi.

CNBC Business
Mar 04, 2021

Heavily shorted Tanger Outlet stock pops 20% in sudden move
The retail stock may be the latest attempted short squeeze by traders in 2021.

CNBC Business
Mar 04, 2021

5 things to know before the stock market opens Thursday
Futures tied to major U.S. stock indexes were lower, pointing to the third straight losing day on Wall Street.

CNBC Business
Mar 04, 2021

Billionaire investor Ron Baron's firm sold 1.8 million Tesla shares despite saying price will hit $2,000
Baron, a longstanding Tesla shareholder, said that his firm sold the shares because they were becoming too large a percentage of some portfolios.

CNBC Business
Mar 04, 2021

Monthly auto loan payments surge to record highs as borrowing hits biggest one-year jump, Experian says
The average monthly new auto loan payment is approaching $600 according to Experian, which analyzes millions of new and used vehicle loans.

CNBC Business
Mar 04, 2021

UFC agrees to show DraftKings betting odds in its broadcasts
The agreement grants DraftKings the rights to be UFC's sportsbook partner and includes rights to licensing a countdown clock.

CNBC Business
Mar 04, 2021

Overtime is starting a basketball league for 16-to-18-year-olds that pays at least $100,000 a year
The sports media company has investors, including NBA players, and will select 30 young players to compete in a development basketball league.

CNBC Business
Mar 04, 2021

European Union begins review of Russia's Sputnik Covid vaccine


CNBC Business
Mar 04, 2021

Chipotle will link executive compensation to environmental and diversity goals
Chipotle Mexican Grill said Thursday that executive compensation will now be linked to hitting targets tied to the company's environmental and diversity goals.

CNBC Business
Mar 03, 2021

Wendy's CEO expects to hit 10% digital sales goal in 2021, three years ahead of schedule
Wendy's CEO Todd Penegor expects the breakfast menu to account for 10% of sales by the end of 2022.

CNBC Business
Mar 03, 2021

Emergent BioSolutions says it can make 1 billion Covid vaccine doses annually
Emergent CEO Bob Kramer told CNBC that the company has infrastructure in place to produce Johnson & Johnson and AstraZeneca vaccines around the clock.

CNBC Business
Mar 03, 2021

Companies with the worst numbers suddenly have the best stocks, Jim Cramer says
"We're on the cusp of a post-Covid boom that now looks to be pushed forward happening much sooner than expected," CNBC's Jim Cramer said.

CNBC Business
Mar 03, 2021

SpaceX Starship prototype rocket explodes after successful landing in high-altitude flight test
SpaceX test flew Starship rocket SN10 on Wednesday, which landed successfully but then exploded a few minutes after.

CNBC Business
Mar 03, 2021

Watch SpaceX attempt to launch and land Starship prototype rocket SN10
Elon Musk's SpaceX is preparing to launch the latest prototype of its next-generation Starship rocket on Wednesday.

CNBC Business
Mar 03, 2021

Ariel's John Rogers: Here's what companies can do to help close the racial wealth gap
Ariel's John Rogers told CNBC retirement savings plans are one place companies can look to start improving the racial wealth gap in the U.S.

CNBC Business
Mar 03, 2021

Stocks making the biggest moves after the bell: American Eagle, Snowflake, Vroom & more
These are the stocks posting the largest moves after the bell on Wednesday, March 3.

CNBC Business
Mar 03, 2021

New rules for self-employed and gig workers applying for PPP loans are out. Here's what you need to know
The Small Business Administration released a new application and loan calculation formula for Paycheck Protection loans for self-employed and gig workers.

CNBC Business
Mar 03, 2021

Apollo Global confident in return of business conventions as it strikes deal with Las Vegas Sands
Apollo Global's David Sambur told CNBC business conventions could be more popular post-Covid due to more remote work.

CNBC Business
Mar 03, 2021

Shares of Oscar Health close down 10.7% after first day of trading
Oscar had priced its shares at $39 apiece, above its target range of $36 to $38.

CNBC Business
Mar 03, 2021

President Joe Biden slams governors for lifting mask mandates, calls it 'Neanderthal thinking'
While daily new cases of Covid-19 are significantly down from the peak in early January, the decline has plateaued in recent days at a worryingly high level.

CNBC Business
Mar 03, 2021

Disney shuttering at least 20% of Disney Stores as it shifts focus to e-commerce
Disney is closing 20% of its brick-and-mortar Disney Stores before the end of the year as it shifts more focus to its e-commerce business.

CNBC Business
Mar 03, 2021

As U.S. Covid cases stall, top health officials warn variants could 'hijack' nation's progress
"Now more than ever, we must do all we can to stop the spread of the virus," CDC Director Dr. Rochelle Walensky said on Wednesday.

CNBC Business
Mar 03, 2021

SpaceX aborts Starship prototype launch, will try again later today
Elon Musk's SpaceX is preparing to launch the latest prototype of its next-generation Starship rocket on Wednesday.

CNBC Business
Mar 03, 2021

Asian-owned small businesses saw an outsized pandemic impact last year
Research shows Asian-owned businesses saw the biggest decline in working business owners through the end of 2020.

CNBC Business
Mar 03, 2021

Cramer says post-Covid travel boom could be 'sky's the limit' and investors aren't ready for it
"It's going to be a boom here in this country, and I don't think people are ready for it," CNBC's Jim Cramer said Wednesday.

CNBC Business
Mar 03, 2021

World Health Organization warns of global uptick in Covid cases after weeks of decline
Dr. Mike Ryan suggested that the uptick could be because "we may be relaxing a little before we've got the full impact of vaccination."

CNBC Business
Mar 03, 2021

Insurers launch pilot program aimed at getting 2 million American seniors vaccinated
Insurers are launching a pilot program aimed at getting 2 million seniors vaccinated as quickly as possible, an advisor on President Joe Biden's Covid-19 response team said.

CNBC Business
Mar 03, 2021

Shares of Oscar Health dip in NYSE market debut, begins trading at $36 per share
Oscar had priced its shares at $39 apiece, above its target range of $36 to $38.

CNBC Business
Mar 03, 2021

Aston Martin launches first F1 car in over 60 years
British luxury carmaker Aston Martin on Wednesday launched a new Formula One car ahead of its return to the most famous motor racing event in the world.

CNBC Business
Mar 03, 2021

FedEx pledges $2 billion toward carbon-neutral operations by 2040, aims for all-electric fleet
Logistics giant FedEx said on Wednesday that it aims to replace all of its parcel pickup and delivery vehicles with a sustainable electric fleet by 2040.

CNBC Business
Mar 03, 2021

Alamo Drafthouse files for Chapter 11 bankruptcy, will sell assets to Altamont Capital and Fortress Investment
Texas-based cinema chain Alamo Drafthouse is the latest theater group to file for Chapter 11 bankruptcy.

CNBC Business
Mar 03, 2021

GM extends plant shutdowns due to global semiconductor chip shortage
The decision to extend the shutdowns is in an effort to prioritize chips for production of GM's full-size pickup trucks and SUVs.

CNBC Business
Mar 03, 2021

Watch live: Biden Covid team holds briefing after White House moves up vaccine supply timeline
President Joe Biden's Covid-19 response team is holding a news briefing Wednesday on the coronavirus pandemic.

CNBC Business
Mar 03, 2021

Crafts retailer Michaels will go private in $3.3 billion deal with Apollo Global
Apollo will acquire all outstanding Michaels stock for $22 per share, or a 47% premium to the arts and crafts retailer's closing price on Friday.

CNBC Business
Mar 03, 2021

Walmart says it will support U.S. manufacturers with $350 billion of added business
The retailer said the decision will benefit the environment and the U.S. economy, too, by sourcing goods closer to customers and creating demand for jobs.

CNBC Business
Mar 03, 2021

Rocket Mortgage founder Dan Gilbert made $30 billion on paper after stock's surge
The spike in Rocket Companies' stock price created a massive one-day gain for the company's largest shareholder.

CNBC Business
Mar 03, 2021

Sands to sell its Las Vegas properties for $6.25 billion as it shifts focus to Macao, Singapore
Before the pandemic, Sands' properties in Asia accounted for roughly 90% of its revenue with investments planned to expand in both Macao and Singapore.

CNBC Business
Mar 03, 2021

Universal set to resume construction of Epic Universe park in Florida
Epic Universe will be the first park Universal has built since 1999. Construction was halted in July due to the coronavirus pandemic.

CNBC Business
Mar 03, 2021

Leon Cooperman calls Warren's wealth tax ‘foolish,' says people would hide money to avoid it
"If the wealth tax passes, go out and buy yourself some gold because people are going to rush to find ways of hiding their wealth," the billionaire told CNBC.

CNBC Business
Mar 03, 2021

Dallas Mavericks star Luka Doncic takes equity stake in sports drink company BioSteel
The Dallas Mavericks star forward will take an executive role with the sports nutrition company, joining NFL star Patrick Mahomes on BioSteel's athlete roster.

CNBC Business
Mar 03, 2021

Alamo Drafthouse files for Chapter 11 bankruptcy, to sell assets to Altamont Capital, Fortress Investment
Texas-based cinema chain Alamo Drafthouse is the latest theater group to file for Chapter 11 bankruptcy.

CNBC Business
Mar 03, 2021

5 things to know before the stock market opens Wednesday
The Dow is set to drop at Wednesday's open, with futures erasing earlier gains as bond yield moved higher.

CNBC Business
Mar 03, 2021

In the UK, scientists are using drones to pick the best spots for tidal power installations
There is excitement around the potential of tidal power, but work needs to be done to ramp up capacity.

CNBC Business
Mar 03, 2021

One e-commerce stock has another 52% upside ahead, chart watcher says
E-commerce has been the golden ticket for retailers. Todd Gordon of TradingAnalysis.com and Nancy Tengler of Laffer Tengler Investments give their top picks.

CNBC Business
Mar 03, 2021

A guide on how not to embarrass yourself while traveling in Japan
Travelers often research hotels and attractions, but what about etiquette? Here's a guide on the social customs Japan wants travelers to know before they arrive.

CNBC Business
Mar 02, 2021

Gov. Andrew Cuomo's 'casual sexism' hinders equality for everyone, author says
Author Joanne Lipman said that Gov. Andrew Cuomo's recent reported behavior toward women feeds into institutional sexism.

CNBC Business
Mar 02, 2021

Stocks are trading on reopening optimism but risks remain, Jim Cramer says
"They're betting we'll soon be able to rip our masks off and go back to normal, and that's the crux of this market right now," the "Mad Money" host said.

CNBC Business
Mar 02, 2021

Canopy leveraging Constellation relationship to bring CBD-infused drink to U.S. stores
Canopy Growth announced it will begin selling Quatreau sparkling water online in the U.S. It plans to put the drinks on store shelves later this year.

CNBC Business
Mar 02, 2021

Detroit expands Covid vaccine eligibility to autoworkers
Autoworkers in Detroit are now eligible to receive the Covid-19 vaccine without any restrictions such as age or proof of preexisting conditions.

CNBC Business
Mar 02, 2021

Tesla won't be 'king of the hill' in electric vehicles forever, says ex-board member Steve Westly
Tesla is facing "competition from all sectors. They're going to have to double down to compete," early investor and ex-board member Steve Westly told CNBC.

CNBC Business
Mar 02, 2021

Johnson & Johnson CEO on Merck vaccine partnership: 'Extraordinary times take extraordinary efforts'
Johnson & Johnson CEO Alex Gorsky discussed on Tuesday the company's unprecedented partnership with rival Merck to boost production of its Covid-19 vaccine.

CNBC Business
Mar 02, 2021

Japanese billionaire to fly eight members of the public on SpaceX moon flight
Yusaku Maezawa announced he will choose eight members of the public to join him on a trip around the moon, scheduled to fly on SpaceX's Starship in 2023.

CNBC Business
Mar 02, 2021

Detroit expands Covid vaccine eligibility to auto workers
Autoworkers are now eligible to receive the Covid-19 vaccine without any restrictions such as age or proof of preexisting conditions in Detroit.

CNBC Business
Mar 02, 2021

President Joe Biden urges states to vaccinate teachers, school staff this month
Randi Weingarten, president of the American Federation of Teachers, hailed the president's remarks as a concrete step toward reopening schools for in-person learning.

CNBC Business
Mar 02, 2021

SpaceX is building a factory in Austin, Texas for Starlink satellite internet equipment
SpaceX plans to build a new factory in Austin, Texas in another expansion to the region from one of Elon Musk's companies.

CNBC Business
Mar 02, 2021

Stocks making the biggest moves after the bell: Lyft, Nordstrom, Box & more
These are the stocks posting the largest moves after the bell on Tuesday, March 2.

CNBC Business
Mar 02, 2021

Nordstrom shares fall as shipping delays boost retailer's inventory heading into 2021
Nordstrom's fourth-quarter results topped analysts' estimates, but the company warned that it is still working through impacts from delayed holiday shipments.

CNBC Business
Mar 02, 2021

Biden says Merck will help make Johnson & Johnson's Covid vaccine
Biden announced Tuesday that pharmaceutical giant Merck will help make Johnson & Johnson's Covid-19 vaccine, a senior administration official said.

CNBC Business
Mar 02, 2021

Texas, Mississippi lift Covid restrictions and mask mandates, despite CDC warnings
While daily new cases have been falling rapidly since the peak in January, the decline appears to be levelling off at a worryingly high rate of infection.

CNBC Business
Mar 02, 2021

NIH halts trial of Covid plasma treatment after researchers found no benefit
The NIH halted a trial testing convalescent plasma in patients with mild-to-moderate Covid-19 symptoms after an independent group concluded it was unlikely to be beneficial.

CNBC Business
Mar 02, 2021

As Ebola spreads in Africa, CDC requires airlines to collect contact information on travelers from DRC, Guinea
The risk of Ebola spreading to the U.S. is "extremely low," the CDC said last week.

CNBC Business
Mar 02, 2021

Golden Globes viewership sinks to 13-year low, as awards show loses two-thirds of audience
Not even Tina Fey and Amy Poehler could save Sunday's Golden Globes from sour ratings.

CNBC Business
Mar 02, 2021

Jeff Bezos would pay over $5 billion a year under Warren's wealth tax
Sen. Elizabeth Warren said the tax is even more urgent during the Covid crisis as it has exposed and accelerated America's wealth gap.

CNBC Business
Mar 02, 2021

Target to invest $4 billion to speed along new stores and remodels, expand ability to fill online orders
The retailer told investors and analysts that it has room to run, despite significant market share gains and sales growth during the pandemic.

CNBC Business
Mar 02, 2021

Parallel CEO says $1.9 billion SPAC deal will help it fund R&D efforts and look for acquisitions
Parallel CEO Beau Wrigley told CNBC that it is a good time for the cannabis company to go public, noting that "it's a time for consolidation in the industry

CNBC Business
Mar 02, 2021

How much I overpaid by living off bitcoin for a week
Four years ago, I attempted to live off bitcoin for a week and failed. With bitcoin back in vogue now and recently hitting all-time high prices, I decided to put it to the test, again.

CNBC Business
Mar 02, 2021

How to cut costs at the pump as gas prices keep rising
As demand for gasoline picks up and prices continue edging upward, it can make sense to try reducing what you pay at the pump.

CNBC Business
Mar 02, 2021

Netflix leads Hollywood but lags the S&P 500, so buy the weakness, strategists say
Netflix may have stormed the Golden Globes, but its share price has underwhelmed over the past six months. Here's what to do.

CNBC Business
Mar 02, 2021

Kohl's says it has no plans to sell more real estate and lease it back. Here's why
Kohl's said it isn't planning for any further sales of its real estate to then lease it back, despite activists pressuring the company to take this route.

CNBC Business
Mar 02, 2021

'Raya and the Last Dragon' is 'joyous,' 'dynamic' and a visual marvel, critics say
On Monday, reviews for the Disney's "Raya and the Last Dragon" began to trickle in, signaling that the House of Mouse has yet another hit on its hands.

CNBC Business
Mar 02, 2021

New planes, training and hiring: Airlines are planning for a rebound after dismal pandemic year
Airlines are starting to position themselves for a revival in air travel demand, hiring employees, buying new planes and training pilots.

CNBC Business
Mar 02, 2021

Golden Globes ratings sink to all-time low, as awards show loses two-thirds of audience
Not even Tina Fey and Amy Poehler could save Sunday's Golden Globes from sour ratings.

CNBC Business
Mar 02, 2021

Stocks making the biggest moves midday: Rocket Mortgage, Novavax, TripAdvisor and more
These are the stocks posting the largest moves in midday trading.

CNBC Business
Mar 02, 2021

House panel investigates One Medical for allegedly letting rich clients cut Covid vaccine line
Complaints about the company have prompted regulators, including the Washington Department of Health, to halt distribution of the vaccines to One Medical.

CNBC Business
Mar 02, 2021

Target to invest $4 billion to speed new stores and remodels, expand ability to fill online orders
The retailer told investors and analysts that it has room to run, despite significant market share gains and sales growth during the pandemic.

CNBC Business
Mar 02, 2021

Target CEO Brian Cornell says he was surprised by the surge of shoppers in January
Target CEO Brian Cornell said store traffic picked up in January, even after the holiday season ended.

CNBC Business
Mar 02, 2021

Kohl's shares rise as retailer posts better-than-expected earnings, sees sales growth in 2021
Kohl's on Tuesday reported fourth-quarter earnings and sales that topped analysts' estimates.

CNBC Business
Mar 02, 2021

Kohl's says it added 2 million new customers in 2020, thanks to Amazon
Kohl's said it added at least 2 million new customers last year, thanks to an unlikely friend that it has found in Amazon.

CNBC Business
Mar 02, 2021

Real-world data shows Pfizer's Covid vaccine is giving 'very strong' results after one dose
Figures in a research paper from Public Health England showed how vaccines can significantly reduce hospitalizations in the elderly.

CNBC Business
Mar 02, 2021

Volvo says it will be 'fully electric' by 2030 and move car sales online
Volvo Cars becomes the latest firm to detail plans for a future centered around electric mobility.

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