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Trump says Microsoft should pay 'key money' to Treasury for facilitating TikTok deal

Created: Mon, 03 Aug 2020 22:43:58 GMT

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Microsoft had previously said it could buy TikTok's operations in the U.S., Canada, Australia and New Zealand.Read more: Trump says Microsoft should pay 'key money' to Treasury for facilitating TikTok deal

Democrats and Trump officials leave 'productive' meeting, but still don't have a coronavirus relief deal

Created: Mon, 03 Aug 2020 22:49:02 GMT

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Pelosi, Schumer, Mnuchin and Meadows met Monday and cited progress toward a coronavirus relief bill but no agreement yet.Read more: Democrats and Trump officials leave 'productive' meeting, but still don't have a coronavirus relief deal

Trump says nationwide lockdown would 'ultimately inflict more harm than it would prevent'

Created: Mon, 03 Aug 2020 22:57:16 GMT

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While Trump said he wouldn't shut down the U.S., he urged Americans to stay "vigilant" against the coronavirus as U.S. officials begin to see new "flare-ups."Read more: Trump says nationwide lockdown would 'ultimately inflict more harm than it would prevent'

U.S. stock futures open flat after Monday's tech-powered rally

Created: Mon, 03 Aug 2020 22:59:41 GMT

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U.S. stock futures traded along the flatline after the major averages logged in sharp gains to start the new month earlier in the day.Read more: U.S. stock futures open flat after Monday's tech-powered rally

Coronavirus live updates: California governor reports 'early good signs' as cases trend downward

Created: Mon, 03 Aug 2020 22:42:57 GMT

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The coronavirus has infected more than 18.1 million people around the world as of Thursday, killing at least 689,922 people.Read more: Coronavirus live updates: California governor reports 'early good signs' as cases trend downward

Trump says U.S. may have coronavirus vaccine 'far in advance' of end of the year

Created: Mon, 03 Aug 2020 22:47:19 GMT

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"We're balancing speed and safety and we're on pace to have a vaccine available this year, maybe far in advance of the end of the year," Trump said.Read more: Trump says U.S. may have coronavirus vaccine 'far in advance' of end of the year

Republicans call the $600 unemployment boost a disincentive to work. Many experts disagree

Created: Mon, 03 Aug 2020 18:18:15 GMT

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Republicans want to end or reduce an extra $600 a week that unemployed Americans have been receiving, calling the aid a disincentive to return to work. Economists suggest this may not be correct.Read more: Republicans call the $600 unemployment boost a disincentive to work. Many experts disagree

Trump wants broader role for telehealth services in Medicare

Created: Mon, 03 Aug 2020 22:50:23 GMT

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The Trump administration is taking steps to give telehealth a broader role under Medicare, with an executive order that serves as a call for Congress to make doctor visits via personal technology a permanent fixture of the program.Read more: Trump wants broader role for telehealth services in Medicare

How negotiations over second $1,200 stimulus checks could shape up

Created: Mon, 03 Aug 2020 22:42:11 GMT

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Washington lawmakers seem to be at an impasse over a new stimulus package. Some lawmakers are hoping this is a chance to boost dependent pay in the second round of stimulus checks.Read more: How negotiations over second $1,200 stimulus checks could shape up

Trump and company could be under investigation for bank and insurance fraud, Manhattan DA Vance reveals

Created: Mon, 03 Aug 2020 18:07:14 GMT

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Manhattan DA Cyrus Vance Jr. urged a judge to dismiss President Donald Trump's latest effort to prevent prosecutors from getting the president's tax returns and other records from his accountants.Read more: Trump and company could be under investigation for bank and insurance fraud, Manhattan DA Vance reveals

Barack Obama issues his first round of 2020 endorsements

Created: Mon, 03 Aug 2020 18:23:15 GMT

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Former President Barack Obama endorsed 118 candidates up and down the ballot in 17 states, most of which were for Democrats locked in tight races.Read more: Barack Obama issues his first round of 2020 endorsements

Move over Nikola: A new electric truck SPAC called Lordstown is forming and the shares are surging

Created: Mon, 03 Aug 2020 22:37:32 GMT

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The latest deal between a SPAC and electric vehicle start-up was announced on Monday, when DiamondPeak Holdings said it would merger with Lordstown Motors.Read more: Move over Nikola: A new electric truck SPAC called Lordstown is forming and the shares are surging

Dow rallies 200 points to start August, Nasdaq closes at record led by Microsoft and Apple

Created: Mon, 03 Aug 2020 20:22:48 GMT

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Stocks rose on Monday, the first trading day of August, as Wall Street tried to build on its four-month winning streak.Read more: Dow rallies 200 points to start August, Nasdaq closes at record led by Microsoft and Apple

Twitter warns about possible $250 million FTC fine

Created: Mon, 03 Aug 2020 22:45:47 GMT

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Twitter on Monday disclosed that it expects to lose as much as $250 million as a result of the July 15 bitcoin scam security breach after receiving a draft complaint from the Federal Trade Commission.Read more: Twitter warns about possible $250 million FTC fine

Virgin Galactic shares slip on new share offering, aiming to fly Richard Branson in early 2021

Created: Mon, 03 Aug 2020 21:30:20 GMT

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Space tourism venture Virgin Galactic plans to raise about $460 million in a sale of common stock, as it finishes developing its spacecraft.Read more: Virgin Galactic shares slip on new share offering, aiming to fly Richard Branson in early 2021

Fauci says he thinks there is 'a degree' of airborne spread of the coronavirus

Created: Mon, 03 Aug 2020 22:50:45 GMT

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Dr. Anthony Fauci said it has become "much clearer" that someone is likely at greater risk if they're in an indoor space where there's less air circulation and "any degree of aerosolization."Read more: Fauci says he thinks there is 'a degree' of airborne spread of the coronavirus

Pinterest looks to implement U.S. success overseas as international user base grows

Created: Mon, 03 Aug 2020 22:24:58 GMT

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Pinterest CEO Ben Silbermann is seeing signs that the app's advertising formula is working, as international revenue made up 15%, up from 9%, of overall revenue in the second quarter.Read more: Pinterest looks to implement U.S. success overseas as international user base grows

Why so many police cars are Fords

Created: Mon, 03 Aug 2020 16:38:43 GMT

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Ford might be the second-largest U.S. automaker, but it is the biggest maker of police cars. The company has a long history servicing law enforcement, but police in 2020 have been subjected to intense scrutiny and criticism.Read more: Why so many police cars are Fords

Indigo Ag expands its ambitions to reward farmers for fighting global warming, adds Moderna CEO to board

Created: Mon, 03 Aug 2020 21:38:06 GMT

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Indigo Agriculture raised another $360 million to incentivize farmers to try regenerative methods that take carbon out of the atmosphere and make soil healthier.Read more: Indigo Ag expands its ambitions to reward farmers for fighting global warming, adds Moderna CEO to board

Clorox posted its highest sales growth in 'modern history' last fiscal year, CEO says

Created: Mon, 03 Aug 2020 22:41:26 GMT

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Clorox is seeing "broad-based strength" in the midst of the coronavirus pandemic, CEO Benno Dorer told CNBC.Read more: Clorox posted its highest sales growth in 'modern history' last fiscal year, CEO says

NBC Sports released NHL viewership numbers for its weekend restart, here are the highlights

Created: Mon, 03 Aug 2020 22:04:13 GMT

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The network said Saturday's NHL doubleheader, which featured the Montreal Canadiens and Pittsburgh Penguins, averaged 1.3 million viewers, including streaming views.Read more: NBC Sports released NHL viewership numbers for its weekend restart, here are the highlights

Trump appointee Merritt Corrigan fired from USAID amid anti-LGBTQ tweets

Created: Mon, 03 Aug 2020 22:25:37 GMT

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Merritt Corrigan, a deputy White House liaison for the U.S. Agency for International Development, was fired amid ranting about LGBTQ issues on Twitter. She claimed she had been targeted for her "Christian beliefs."Read more: Trump appointee Merritt Corrigan fired from USAID amid anti-LGBTQ tweets

The record-setting jobs comeback looks like it could be coming to an abrupt halt

Created: Mon, 03 Aug 2020 22:05:02 GMT

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Spiking coronavirus cases and rollbacks of reopenings in multiple states present roadblocks to continued aggressive gains in jobs.Read more: The record-setting jobs comeback looks like it could be coming to an abrupt halt

As pandemic stretches on, retail bankruptcies approach highest number in a decade

Created: Mon, 03 Aug 2020 20:29:20 GMT

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The parent companies of Lord & Taylor and Men's Wearhouse are the latest retailers to be bankrupted by temporary closures during the pandemic.Read more: As pandemic stretches on, retail bankruptcies approach highest number in a decade

Stocks making the biggest moves after hours: Virgin Galactic, Nikola, ADT and more

Created: Mon, 03 Aug 2020 21:32:52 GMT

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See which stocks are posting big moves after the bell.Read more: Stocks making the biggest moves after hours: Virgin Galactic, Nikola, ADT and more

Eli Lilly is using mobile labs to study if its antibody drug can prevent Covid-19 in nursing homes

Created: Mon, 03 Aug 2020 21:14:24 GMT

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"We wanted to see if we could help people in nursing homes because the disease has been so devastating," Dr. Dan Skovronsky of Eli Lilly told CNBC.Read more: Eli Lilly is using mobile labs to study if its antibody drug can prevent Covid-19 in nursing homes

Motorcoach industry looks to Congress to keep buses on the road as pandemic wipes out travel demand

Created: Mon, 03 Aug 2020 20:54:00 GMT

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Normally, the motorcoach industry pulls in more than $15 billion annually; this year it's on track to bring in $4 billion, according to American Bus Association CEO Pete Pantuso.Read more: Motorcoach industry looks to Congress to keep buses on the road as pandemic wipes out travel demand

Here's what happened to the stock market on Monday

Created: Mon, 03 Aug 2020 20:11:21 GMT

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The major averages started the new month on a high note as tech shares outperformed.Read more: Here's what happened to the stock market on Monday

Banks say they are tightening lending standards even as demand for money falls

Created: Mon, 03 Aug 2020 21:44:46 GMT

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From commercial real estate to credit cards and autos, institutions are getting tougher on giving out money compared to the second quarterRead more: Banks say they are tightening lending standards even as demand for money falls

Stock market live Monday: Tech carries stocks higher, Dow jumps 200, ADT up 50% after Google stake

Created: Mon, 03 Aug 2020 21:10:54 GMT

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Stocks moved higher during the first trading session of August. Read more: Stock market live Monday: Tech carries stocks higher, Dow jumps 200, ADT up 50% after Google stake

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