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Joe Biden unveils $2 trillion green infrastructure and jobs plan


Created: Tue, 14 Jul 2020 17:23:27 GMT

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Biden aims to create jobs that pay at least $15 an hour during an overhaul of American roads, bridges and trains, along with the energy grid.

Read more: Joe Biden unveils $2 trillion green infrastructure and jobs plan


Watch live: Vice President Mike Pence holds a briefing on U.S. coronavirus response


Created: Tue, 14 Jul 2020 17:09:23 GMT

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Read more: Watch live: Vice President Mike Pence holds a briefing on U.S. coronavirus response


U.S. seven-day average of new coronavirus cases surpass 60,000 for the first time


Created: Tue, 14 Jul 2020 17:01:13 GMT

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The U.S. surpassed more than 60,000 new coronavirus cases, based on a seven-day moving average, for the first time on Monday, according to a CNBC analysis of data compiled by Johns Hopkins University.

Read more: U.S. seven-day average of new coronavirus cases surpass 60,000 for the first time


House Speaker Nancy Pelosi says she would delay August recess to pass coronavirus relief bill


Created: Tue, 14 Jul 2020 17:18:53 GMT

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Congress looks to pass a coronavirus relief bill as millions of Americans are set to lose the $600 per week federal unemployment benefit.

Read more: House Speaker Nancy Pelosi says she would delay August recess to pass coronavirus relief bill


Top infectious disease experts lend support to Fauci after White House attacks


Created: Tue, 14 Jul 2020 16:19:28 GMT

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The Trump administration has increasingly disregarded advice from its top scientific advisors on Covid-19 with Trump himself calling the CDC's guidelines on school reopenings too cumbersome and expensive.

Read more: Top infectious disease experts lend support to Fauci after White House attacks


Google says Zero Hedge can run Google ads again after removing 'derogatory' comments


Created: Tue, 14 Jul 2020 15:53:15 GMT

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Google has resumed running ads on financial market website Zero Hedge, saying the website had removed material that caused it to be removed from Google's ad platform last month.

Read more: Google says Zero Hedge can run Google ads again after removing 'derogatory' comments


Ghislaine Maxwell pleads not guilty in Jeffrey Epstein sex crimes case


Created: Tue, 14 Jul 2020 17:33:03 GMT

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Lawyers for Maxwell proposed she be released on $5 million bond. Prosecutors want her detained without bail, calling her an extreme flight risk.

Read more: Ghislaine Maxwell pleads not guilty in Jeffrey Epstein sex crimes case


Israel took strong early steps against Covid-19, but now the virus is resurging and some say the country reopened too soon


Created: Tue, 14 Jul 2020 15:34:55 GMT

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After early success, Israel has seen a resurgence in infections and is now trying to figure out a plan against the virus.

Read more: Israel took strong early steps against Covid-19, but now the virus is resurging and some say the country reopened too soon


Moderna will begin late-stage coronavirus vaccine trial on July 27


Created: Tue, 14 Jul 2020 17:47:46 GMT

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Moderna will begin its late-stage trial testing a potential vaccine to prevent Covid-19 on July 27, according to a posting published Tuesday on ClinicalTrials.gov.

Read more: Moderna will begin late-stage coronavirus vaccine trial on July 27


Here's a first look at NBC's streaming service Peacock on iPhone


Created: Tue, 14 Jul 2020 16:40:29 GMT

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Peacock's app launches for everyone on Wednesday for iPhone, Android, Apple TV, Xbox, Cox cable boxes and LG and Vizio smart TVs.

Read more: Here's a first look at NBC's streaming service Peacock on iPhone


A squirrel has tested positive for the bubonic plague in Colorado


Created: Tue, 14 Jul 2020 16:26:35 GMT

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A squirrel in Colorado has tested positive for the bubonic plague, also known as the "Black Death," according to local health authorities.

Read more: A squirrel has tested positive for the bubonic plague in Colorado


Amazon launches neighborhood health clinics for warehouse workers


Created: Tue, 14 Jul 2020 15:47:36 GMT

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Amazon expects to open 20 clinics in five cities as part of an initial pilot program.

Read more: Amazon launches neighborhood health clinics for warehouse workers


The two sides of the Chinese market's head-spinning recovery rally


Created: Tue, 14 Jul 2020 13:31:13 GMT

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Investment experts go head to head in breaking down the Chinese market's rapid return to two-year highs.

Read more: The two sides of the Chinese market's head-spinning recovery rally


Jaime Harrison on young voters and his plan to beat Trump ally Lindsey Graham


Created: Tue, 14 Jul 2020 13:14:13 GMT

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Jaime Harrison is running against Lindsey Graham for a U.S. Senate seat in South Carolina. From remote learning to coronavirus relief and marijuana, the 44-year-old Democrat says his state needs a senator in touch with the 21st century.

Read more: Jaime Harrison on young voters and his plan to beat Trump ally Lindsey Graham


When it comes to public vs. private schools, some families may choose based on reopening plans


Created: Tue, 14 Jul 2020 12:30:01 GMT

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With parents eager to see their children back in the classroom, choosing the right school may come down to more than just the type of the education offered.

Read more: When it comes to public vs. private schools, some families may choose based on reopening plans


Stocks making the biggest moves in the premarket: JPMorgan, Delta, Alphabet, Ford, Tesla & more


Created: Tue, 14 Jul 2020 12:39:15 GMT

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The stocks making the biggest moves in premarket trading include JPMorgan, Delta, Alphabet, Ford, Tesla, and more.

Read more: Stocks making the biggest moves in the premarket: JPMorgan, Delta, Alphabet, Ford, Tesla & more


Wells Fargo shares tumble 5% after posting $2.4 billion loss, dividend slashed to 10 cents


Created: Tue, 14 Jul 2020 16:33:27 GMT

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Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.

Read more: Wells Fargo shares tumble 5% after posting $2.4 billion loss, dividend slashed to 10 cents


3M partners with MIT researchers to develop U.S.-backed rapid coronavirus antigen test


Created: Tue, 14 Jul 2020 12:35:43 GMT

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The device, which is in the early stages of development, would function much like a pregnancy test, said Cathy Tarnowski, senior technical manager at 3M.

Read more: 3M partners with MIT researchers to develop U.S.-backed rapid coronavirus antigen test


Delta cuts summer flying as demand stalls due to coronavirus, posts $5.7 billion quarterly loss


Created: Tue, 14 Jul 2020 16:03:47 GMT

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Delta deepened its losses because of the coronavirus pandemic.

Read more: Delta cuts summer flying as demand stalls due to coronavirus, posts $5.7 billion quarterly loss


Cashing in on coronavirus: Small biopharma company NanoViricides sees stock soar on treatment claims


Created: Tue, 14 Jul 2020 15:32:39 GMT

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As the coronavirus was spreading in China, a small biopharma company, NanoViricides, claimed it was close to clinical trials for a treatment. A CNBC investigation found the 15-year-old company has never tested a product in humans or made any revenue.

Read more: Cashing in on coronavirus: Small biopharma company NanoViricides sees stock soar on treatment claims


JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit


Created: Tue, 14 Jul 2020 14:03:46 GMT

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"Despite some recent positive macroeconomic data and significant, decisive government action, we still face much uncertainty regarding the future path of the economy," CEO Jamie Dimon said.

Read more: JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit


Burger King is selling a burger made from cows on low-methane diet


Created: Tue, 14 Jul 2020 10:00:02 GMT

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Burger King is selling a Whopper patty made from cows on the low-methane diet at selection locations.

Read more: Burger King is selling a burger made from cows on low-methane diet


Amazon is rolling out grocery carts that let shoppers skip checkout lines, bag their groceries and walk out


Created: Tue, 14 Jul 2020 16:49:29 GMT

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The smart shopping carts, called Dash Carts, are launching at Amazon's Los Angeles-area grocery store in 2020.

Read more: Amazon is rolling out grocery carts that let shoppers skip checkout lines, bag their groceries and walk out


Treasury yields decline for a second day on rising concerns about the economy


Created: Tue, 14 Jul 2020 13:10:26 GMT

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Treasury yields retreated for a second day on Tuesday as a continued surge of coronavirus cases stateside tempered hopes of a smooth economic recovery.

Read more: Treasury yields decline for a second day on rising concerns about the economy


Tesla cuts Model Y price and cancels standard range version


Created: Tue, 14 Jul 2020 13:49:32 GMT

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The Model Y moves indicate demand for Tesla's electric vehicles is flagging in the U.S., said Vicki Bryan, CEO of investment research firm Bond Angle.

Read more: Tesla cuts Model Y price and cancels standard range version


Seattle Children's Hospital plans to close its daycare center, highlighting a growing problem for health care workers


Created: Tue, 14 Jul 2020 17:32:17 GMT

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Hospitals across the country have taken major hits to their bottom line during the Covid-19 pandemic, while healthcare workers face an especially grave challenge finding childcare because of their long shifts and essential-worker status.

Read more: Seattle Children's Hospital plans to close its daycare center, highlighting a growing problem for health care workers


Don't stop the presses: Judge gives green light to Mary Trump book


Created: Tue, 14 Jul 2020 00:58:43 GMT

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Mary Trump's tell-all book goes on sale on Tuesday.

Read more: Don't stop the presses: Judge gives green light to Mary Trump book


Ford unveils new Bronco as off-road, open-air Jeep rival for under $30,000


Created: Tue, 14 Jul 2020 15:10:04 GMT

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Ford is squarely positioning the new Bronco SUV against the Jeep Wrangler, which dominates off-road vehicle sales and supports a profitable accessory business for Fiat Chrysler.

Read more: Ford unveils new Bronco as off-road, open-air Jeep rival for under $30,000


SoftBank hires Goldman Sachs to explore sale options for chip designer Arm after getting inbound interest, sources say


Created: Mon, 13 Jul 2020 23:08:01 GMT

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SoftBank has been working toward an initial public offering of Arm Holdings more than a year from now but has received inbound interest in a potential acquisition, sources say.

Read more: SoftBank hires Goldman Sachs to explore sale options for chip designer Arm after getting inbound interest, sources say


Tech companies are ending leases and consolidating offices as remote work is here to stay


Created: Mon, 13 Jul 2020 23:23:41 GMT

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Start-ups are letting leases expire, and bigger companies are downsizing in favor of smaller, satellite offices as employers prepare for a future of distributed work.

Read more: Tech companies are ending leases and consolidating offices as remote work is here to stay

 
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