cnbc.com
cnbc.com
CNBC is an American pay television business news channel that is owned by NBCUniversal Broadcast, Cable, Sports and News, a division of NBCUniversal, with both being ultimately owned by Comcast.Source
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Google takes on Zoom and Slack by bundling video calls and chat into Gmail for business users

Google takes on Zoom and Slack by bundling video calls and chat into Gmail for business users

Keep Me Logged InKey Points is making its popular Gmail app more of a productivity powerhouse.The Alphabet subsidiary is incorporating more applications into the business version of Gmail so that users don't need to switch to other apps or browser tabs, It could help keep employees satisfied with the company's business software and not want to adopt alternative services, such as or . That's an important consideration for building up the cloud business that augments Google and Alphabet's advertising core. The coronavirus in the first quarter, but as schools and offices closed, people began...

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Jordan Novet
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Small businesses rehire staff but cut pay and hours, survey finds

Small businesses rehire staff but cut pay and hours, survey finds

Keep Me Logged InKey PointsHow workers with reduced hours can collect partial unemployment benefitsSmall-business owners are struggling to stay afloat as spike in many parts of the country — even with stimulus aid from the government.Despite that, worker headcount among small businesses was nearly back to pre-Covid-19 levels, according to compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide.Even with an improved jobs picture, many employees are now working reduced hours and with lower pay, Gusto found.More from Personal Finance:Altogether,...

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Jessica Dickler
11h ago
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Virgin Galactic changing CEOs, bringing on Disney's Michael Colglazier

Virgin Galactic changing CEOs, bringing on Disney's Michael Colglazier

Keep Me Logged InKey Points announced on Wednesday that George Whitesides would step aside as CEO, with the space tourism venture appointing former executive Michael Colglazier.Whitesides will stay on with the company in a new role, serving as its chief space officer. The changeover comes as Virgin Galactic closes in on launching its first customer flights to the edge of space, with a handful of final test spaceflights expected in the coming months."I want to thank George for his outstanding leadership of Virgin Galactic over the last decade. He has shown dedication and determination as its...

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Michael Sheetz
6h ago
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Hackers appear to target Twitter accounts of Elon Musk, Bill Gates, others in digital currency scam

Hackers appear to target Twitter accounts of Elon Musk, Bill Gates, others in digital currency scam

Keep Me Logged InKey PointsTwitter accounts of Uber, Apple, Bill Gates, Elon Musk and Jeff Bezos reportedly hackedOver a dozen high-profile Twitter accounts, including ,  CEO Jeff Bezos, Microsoft founder Bill Gates, Democratic presidential candidate Joe Biden, and former president Barack Obama, were apparently hacked on Wednesday and posted tweets telling followers to send bitcoin to a specific address.Tesla CEO Elon Musk was first high-profile account to be hacked, posting a tweet early Wednesday afternoon promising to double any payments sent to the bitcoin address.Twitter's stock...

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Biden opens up 11-point national lead over Trump in NBC News/WSJ poll

Biden opens up 11-point national lead over Trump in NBC News/WSJ poll

Keep Me Logged InWASHINGTON — Presumptive Democratic presidential nominee holds a double-digit lead nationally over , with 7 in 10 voters saying the country is on the wrong track, and majorities disapproving of the president's handling of the coronavirus and race relations.Those are the major findings of a new national  that comes three and a half months before the , amid a  that has killed approximately 140,000 Americans, and during protests and  across the country.The poll shows Biden ahead of Trump by 11 points among registered voters, 51 percent to 40 percent, which is well outside the...

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Mark Murray
6h ago
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CDC chief says Northerners heading South for vacation may be to blame for surge in coronavirus cases, not state reopenings

CDC chief says Northerners heading South for vacation may be to blame for surge in coronavirus cases, not state reopenings

Keep Me Logged InKey PointsThe current surge in coronavirus cases across the American South may have been caused by Northerners who traveled South for vacation around Memorial Day, said Dr. Robert Redfield, director of the Centers for Disease Control and Prevention."If you look at the South, everything happened around June 12 to June 16. It all simultaneously kind of popped," he  Tuesday with Dr. Howard Bauchner of The Journal of the American Medical Association. Independent of state reopening plans, "we're of the view that there was something else that was the driver. Maybe the Memorial...

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1d ago
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Jared Kushner decides not to divest from real estate tech start-up he co-founded — for now

Jared Kushner decides not to divest from real estate tech start-up he co-founded — for now

Keep Me Logged InKey PointsPresident Donald Trump's son-in-law and senior advisor has decided to remain an investor for the time being in real estate tech start-up Cadre, which he co-founded.Jared Kushner made the decision as part of a private agreement he made with the company, according to people with direct knowledge of the matter. Kushner and the company put the divestiture on hold with the understanding that while he remains an investor, Cadre will not seek out foreign investors, these people said. "The transaction [divestiture] is still planned and has been on hold only due to Covid,...

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Brian Schwartz
13h ago
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White House tries to distance Trump from Navarro op-ed ripping Fauci

White House tries to distance Trump from Navarro op-ed ripping Fauci

Keep Me Logged InKey PointsThe White House said Wednesday that it didn't approve from President Donald Trump's trade advisor, who wrote that top infectious-diseases expert Dr. Anthony Fauci "has been wrong about everything I have interacted with him on." from Peter Navarro, which was published in USA Today, "didn't go through normal White House clearance processes," White House spokeswoman Alyssa Farah said on Twitter.The piece is "the opinion of Peter alone," Farah said in the tweet, adding that Trump "values the expertise of the medical professionals advising his Administration."Farah did...

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Kevin Breuninger
13h ago
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Walmart will require customers to wear masks at its stores

Walmart will require customers to wear masks at its stores

Keep Me Logged InKey Points and Sam's Club customers will soon be required to put on a mask or face covering before shopping in stores. The big-box retailer announced the new policy Wednesday and said it will take effect July 20. It said the majority of its more than 5,000 stores and clubs  — about 65% — are in areas where there's already some kind of government requirement for face coverings.With the new policy, Walmart joins a growing list of retailers that require masks inside of stores.  started requiring face coverings in its stores Wednesday. and already had the requirement.The...

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Melissa Repko
12h ago
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Top Chinese diplomats give conciliatory signals while demanding respect from the U.S.

Top Chinese diplomats give conciliatory signals while demanding respect from the U.S.

Keep Me Logged InKey PointsChina's top two foreign ministers kept to a conciliatory tone this week in public remarks about relations with the U.S., amid increasingly fraught tensions between the world's two largest economies."China's US policy remains unchanged. We are still willing to grow China-US relations with goodwill and sincerity," State Councilor and Foreign Minister Wang Yi said Thursday, according to an official English translation of his remarks  "Some friends in the US might have become suspicious or even wary of a growing China," Wang said. "I'd like to stress here again that...

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Evelyn Cheng
7d ago
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Supreme Court Justice Ruth Bader Ginsburg hospitalized for possible infection

Supreme Court Justice Ruth Bader Ginsburg hospitalized for possible infection

Keep Me Logged InKey PointsSupreme Court Justice was hospitalized Tuesday for a possible infection, according to a spokeswoman for the court. The justice, 87, received treatment at The Johns Hopkins Hospital in Baltimore after experiencing fever and chills. She underwent a procedure to clean a bile duct stent and will stay in the hospital for a "few days," court spokeswoman Kathleen Arberg said in a statement. "The Justice is resting comfortably and will stay in the hospital for a few days to receive intravenous antibiotic treatment," she said. Ginsburg, the oldest Supreme Court justice,...

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Jacob Pramuk
1d ago
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Schools have low coronavirus infection rate, German study finds

Schools have low coronavirus infection rate, German study finds

Keep Me Logged InKey PointsA study of 2,000 children and teachers at a school in the German state of Saxony has found very few coronavirus antibodies among them, suggesting that schools and young people do not play as big a role in transmission as previously feared.The study was carried out in May by the Medical Faculty of the TU Dresden and University Hospital Carl Gustav Carus and the results of the first test phase were released Monday. The results showed that out of 2,045 blood samples collected from students and teachers from across 13 secondary schools in the region only 12 samples...

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2d ago
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Judge denies bail for Ghislaine Maxwell after she pleads not guilty in Jeffrey Epstein sex crimes case

Judge denies bail for Ghislaine Maxwell after she pleads not guilty in Jeffrey Epstein sex crimes case

A federal judge on Tuesday denied bail for Ghislaine Maxwell, the British socialite accused of facilitating the sexual abuse of young girls in the mid-1990s by her former boyfriend Jeffrey Epstein, the now-dead investor. Maxwell, who will remain in jail pending trial, pleaded not guilty at the bail hearing in Manhattan federal court, where her lawyer had sought her release on a $5 million bond. Maxwell poses “a substantial risk of flight,” said Judge Alison Nathan. “The risk is simply too great” for Maxwell to be released on bail, Nathan said. The judge noted Maxwell’s wealth, her...

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Dan Mangan
1d ago
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Amazon restricts warehouse storage as Covid-19 crisis continues and holidays loom

Amazon restricts warehouse storage as Covid-19 crisis continues and holidays loom

Keep Me Logged InKey Points is putting in place new inventory restrictions at its warehouses to prepare for the upcoming holiday shopping rush.In a on Monday, the company said it's instituting stricter quantity limits for all third-party merchants that store goods in its U.S. warehouses. All product categories are affected by the change, with quantities differing on a product-by-product basis. The new policy, which was first reported by , takes effect today. "Given the unprecedented challenges the Covid-19 pandemic has placed on all of us, we are preparing early to deliver a great holiday...

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Annie Palmer
2d ago
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Minimum wage workers cannot afford rent in any U.S. state

Minimum wage workers cannot afford rent in any U.S. state

Keep Me Logged InFull-time minimum wage workers cannot afford a two-bedroom rental anywhere in the U.S. and cannot afford a one-bedroom rental in 95% of U.S. counties, according to the National Low Income Housing Coalition's annual . In fact, the average minimum wage worker in the U.S. would need to work almost 97 hours per week to afford a fair market rate two-bedroom and 79 hours per week to afford a one-bedroom, NLIHC calculates. That's well over two full-time jobs just to be able to afford a two-bedroom rental.The report, released Tuesday, defines "affordable" as spending no more than...

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Alicia Adamczyk
1d ago
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Back-to-work bonuses can't replace the $600 boost in unemployment, economists say

Back-to-work bonuses can't replace the $600 boost in unemployment, economists say

Keep Me Logged InKey PointsRepublican lawmakers have been to the enhanced unemployment benefits many jobless Americans are receiving.Some, including , have called for replacing that aid with a for those who find new jobs.But the math doesn't add up, according to economists. There are likely millions more people out of work than there are open jobs.More from Personal Finance:Those on the losing end of this equation could face an extreme drop in income next month if the unemployment supplement — an extra $600 a week — expires as scheduled."It's not going to work in every case," Ernie...

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Greg Iacurci
2d ago
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The Treasury Department is canceling stimulus checks to dead recipients

The Treasury Department is canceling stimulus checks to dead recipients

Keep Me Logged InKey PointsThe Treasury Department is canceling the stimulus payments it distributed to dead people, according to the IRS."The Bureau of Fiscal Services has canceled outstanding Economic Impact Payment (EIP) checks issued to recipients who may not be eligible, including those who may be deceased," the IRS said on its website. The bureau, along with the IRS, are both agencies overseen by the Treasury Department.More from Smart Tax Planning:As part of the CARES Act, the federal government pushed out economic impact payments — stimulus checks — to millions of Americans this...

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Darla Mercado
1d ago
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Trump signed law slapping sanctions on China for interference in Hong Kong

Trump signed law slapping sanctions on China for interference in Hong Kong

Business News and FinanceVIEW IN APPA Facebook iconA Twitter iconA LinkedIn iconAn email iconKEY POINTS President said Tuesday that he signed legislation to impose sanctions on China in response to its interference with Hong Kong's autonomy.Trump also said that he signed an executive order ending the preferential treatment that Hong Kong has long enjoyed."Hong Kong will now be treated the same as mainland China," Trump said during a lengthy speech in the White House Rose Garden that quickly drifted away from that legislation to touch on a variety of campaign issues."No special privileges,...

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Kevin Breuninger
1d ago
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Back-to-work bonuses can't replace the $600 boost in unemployment, economists say

Back-to-work bonuses can't replace the $600 boost in unemployment, economists say

Business News and FinanceVIEW IN APPA Facebook iconA Twitter iconA LinkedIn iconAn email iconKEY POINTS Republican lawmakers have been to the enhanced unemployment benefits many jobless Americans are receiving.Some, including , have called for replacing that aid with a for those who find new jobs.But the math doesn't add up, according to economists. There are likely millions more people out of work than there are open jobs.More from Personal Finance:Those on the losing end of this equation could face an extreme drop in income next month if the unemployment supplement — an extra $600 a...

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Greg Iacurci
2d ago
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Singapore enters recession after economy shrinks more than 40% quarter on quarter

Singapore enters recession after economy shrinks more than 40% quarter on quarter

Keep Me Logged InKey PointsSingapore's economy entered a technical recession after shrinking by 41.2% in the second quarter compared to the previous quarter, advance estimates by the Ministry of Trade and Industry showed on Tuesday.The latest gross domestic product estimate — computed largely from data in April and May — was worse than analysts' forecast. Economists polled by Reuters had expected the Southeast Asian economy to shrink by 37.4% quarter-over-quarter.A technical recession is defined as two consecutive quarters of quarter-on-quarter contraction. In the first three months of the...

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Yen Nee Lee
2d ago
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Wells Fargo shares tumble 5% after posting $2.4 billion loss, dividend slashed to 10 cents

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

Keep Me Logged InKey Points on Tuesday posted its first quarterly loss since the Great Recession as the bank set aside $8.4 billion in loan loss reserves tied to the coronavirus pandemic.The bank had a net loss of $2.4 billion in the second quarter, or a loss of 66 cents a share, worse than the 20 cents a share loss expected by analysts surveyed by Refinitiv. Revenue of $17.8 billion was also weaker than analysts' $18.4 billion estimate.Shares of the bank fell 5% in New York trading after falling as much as 8% earlier. "We are extremely disappointed in both our second quarter results and...

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Hugh Son
2d ago
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Op-ed: We still have a coronavirus 'testing problem in this country'

Op-ed: We still have a coronavirus 'testing problem in this country'

Keep Me Logged InKey PointsBy now everyone expects that Congress will pass another stimulus package. The calculus is simple: we are in a recession in an election year. Lawmakers will pass something so that they have something to talk about when they head home to campaign in the Fall.A reasoned consideration of the matter would include acknowledging that roughly half of the roughly $2 trillion in CARES Act stimulus they passed in March has not yet left government coffers. And of the money that has flowed out – including the additional trillions provided by the Federal Reserve – much of it is...

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Mick Mulvaney
3d ago
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India's existing data privacy laws are inadequate in protecting people's information

India's existing data privacy laws are inadequate in protecting people's information

Keep Me Logged InKey PointsIndia's existing laws do not 'adequately' protect people's data, tech lawyer says recent ban of dozens of Chinese mobile apps gives local start-ups some leeway to develop products to replace the affected services, but the country's existing data protection laws are inadequate, the legal director for the Software Freedom Law Center said Monday. The Indian government , citing security concerns. That move was that have struggled to carve out space in a highly competitive landscape against global tech giants. "This ban has given a little bit of a longer runway to the...

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Saheli Roy Choudhury
2d ago
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PepsiCo revenue falls 3% as pandemic hits beverage sales but boosts snacks business

PepsiCo revenue falls 3% as pandemic hits beverage sales but boosts snacks business

Keep Me Logged InKey PointsPepsiCo CFO on Q2 earnings, the impact of Covid-19 on business and more on Monday reported that its quarterly revenue fell as fewer consumers bought its drinks at restaurants or convenience stores as a consequence of the .But its food business fared better, with products like Cheetos and oatmeal seeing strong growth. CEO Ramon Laguarta chalked it up to Pepsi's investments, particularly last year, which range from rejuvenating some of its legacy brands to growing its e-commerce business. And the company plans to use the lessons of the pandemic, like new consumer...

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Amelia Lucas
3d ago
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MacBook Pro with Apple's new processor expected later this year, top Apple analyst says

MacBook Pro with Apple's new processor expected later this year, top Apple analyst says

Keep Me Logged InKey Points Top Apple analyst Ming-Chi Kuo said predicted on Friday that the company will launch a new MacBook Pro with its in-house chips in the fourth quarter.Apple in June that it will to Apple-made processors. It currently uses its own chips for iPhones and iPads but has been using Intel processors for its computers for 15 years. CEO Tim Cook said at the conference that Apple will ship the first Macs with its own chips by the end of this year and that it will complete its transition in about two years. The company has not yet said which computers will be among the first...

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Todd Haselton
6d ago
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