Jb Reed | Bloomberg | Getty Images The number of borrowers in government Covid-19-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising. This suggests that there is still pain ahead in the mortgage market, as some borrowers are simply not recovering enough financially to afford their home loans. The
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Dr. Carlos del Rio, an investigator in Moderna‘s clinical trials, told CNBC on Thursday he is worried about political pressure interfering in the regulatory approval process for any potential coronavirus vaccine. “Politics have already impinged on science,” del Rio said on “Power Lunch,” referring to a pair of previous developments during the coronavirus pandemic that did not
For decades GNC has been the one-stop shop for vitamins, muscle-building protein powder packs and practically every variety of weight-loss product. From New England to Southern California, chances are if you ever needed a potassium boost, there was a GNC at a nearby mall. But the company that urged Americans to “Live Well” has fallen
President Trump told reporters on Wednesday that he was not ready to approve a proposal from Chinese company ByteDance that would make Oracle a technology provider for ByteDance’s popular video-sharing app TikTok. ByteDance submitted a proposal to the Treasury Department over the weekend and is awaiting a response. It must be “100% as far as
Numerous design, management and regulatory failures during the development of the 737 Max preceded the “preventable death” of 346 people in two crashes of the popular Boeing jetliner, according to a damning congressional report released Wednesday. The House Committee on Transportation and Infrastructure’s 238-page report painted a Boeing that prioritized profits over safety and detailed
Snowflake CEO Frank Slootman Snowflake Snowflake, a provider of cloud-based data storage and analysis software, priced its IPO above its increased range in an offering that values the company at $33.3 billion. Snowflake is selling 28 million shares at $120 a piece, according to a person familiar with the matter who asked not to be
Jeff Williams introduces the new Apple Watch capable of taking an FDA-approved electrocardiogram at the company’s annual product launch, Wednesday, Sept. 12, 2018, in Cupertino, Calif. Karl Mondon | Digital First Media | Getty Images Apple’s invitation for big event included the tag line “Time Flies,” a hint that we can expect to see a
Billionaire businessman Arthur Blank told CNBC on Monday that businesses must care about more than just profitability, suggesting social responsibility should also be an area of emphasis. “If you don’t care about people, profit and the planet at the same time, profitability by itself isn’t really enough,” Blank said on “Power Lunch.” “And the truth
U.S. government debt prices were higher on Monday as investors monitored news of a potential vaccine against Covid-19. At around 2:30 a.m. ET, the yield on the benchmark 10-year Treasury note fell by 0.18% to trade at 0.6658%. The yield on the 30-year Treasury bond also dropped by 8 basis points to 1.4142%. Yields move inversely to prices. On Sunday, Pfizer‘s
Coronavirus cases continued to grow over the weekend in nearly a dozen U.S. states as Dr. Anthony Fauci, the nation’s leading infectious disease expert, warns about the nation’s worrying level of new infections. Covid-19 cases were growing by 5% or more, based on a weekly average to smooth out daily reporting, in 11 states as
The Purple Air air-quality map on Friday Sept. 11, 2020, shows most of the west coast with hazardous levels of pollution from wildfire smoke. Screenshot As record-breaking fires wreak havoc on the Western United States, they’re also releasing massive amounts of smoke and ash into the atmosphere, adding to the region’s health woes. To find
Dr. Robert Redfield, Director of the Centers for Disease Control and Prevention speaks while U.S. President Donald Trump listens during the daily briefing of the coronavirus task force at the White House on April 22, 2020 in Washington, DC. Drew Angerer | Getty Images Public health specialists and the medical community are criticizing the Trump
Connecticut prosecutor Nora R. Dannehy gets into a cab as she leaves the Law offices of Patton & Boggs after interviewing Karl Rove May 15, 2009 in Washington, DC. Mark Wilson | Getty Images A top prosecutor in the probe into the origins of the investigation of President Donald Trump and Russian interference in the
Kroger CEO Rodney McMullen said Friday the pandemic-related spike in food prices is subsiding, while the at-home cooking trend is here to stay even after the coronavirus situation improves. “As we look forward, we see lower inflation than what it’s been over the last several months. It’s one of the reasons why we didn’t pass through
U.S. government debt prices were higher Friday morning as investors monitored an array of economic data, along with the Senate blockage of a slimmed-down coronavirus relief bill and further volatility in equity markets. At around 1:25 a.m. ET, the yield on the benchmark 10-year Treasury note was slightly lower at 0.6788% and the yield on the 30-year Treasury bond was down
U.S. President Donald Trump speaks to reporters during a news conference in the Brady Press Briefing Room at the White House in Washington, September 10, 2020. Kevin Lamarque | Reuters A group of 78 researchers and doctors from Stanford Medical School are calling out former colleague and White House coronavirus advisor Dr. Scott Atlas for spreading what
U.S. President Donald Trump talks to reporters as he stands with local law enforcement and business people while examining property damage while visiting Kenosha in the aftermath of recent protests against police brutality and racial injustice and the ensuing violence after the shooting of Jacob Blake by a police officer in Kenosha, Wisconsin, September 1,
Alexander Karp, CEO of Palantir Technologies Inc. Getty Images As Palantir gears up for its stock market debut, the company has a long way to go to convince potential shareholders that it’s worth the $20 billion price tag that investors gave it almost five years ago. Palantir held a virtual event for investors on Wednesday.