“I think it goes up, up, up, up, up,” Cuban said on CNBC’s Fast Money on Monday. “People who weren’t comfortable dealing with Amazon for consumables, for food, for produce even, I think they’ve gotten to that habit now...I think Amazon just takes off. The stock is only going to go up.”
Read MoreAbbott Laboratories announced the launch of its third test for the coronavirus and said it could be screening 20 million people for antibodies for Covid-19 by June.
Abbott said it plans to distribute 4 million of the new tests by the end of this month, after an initial shipment of 1 million tests this week to U.S. customers.
“Antibody testing is an important next step to tell if someone has been previously infected,” Abbott said.
Hackers are using the disruption created by the coronavirus pandemic to target people and steal personal information from them by posing as trustworthy figures, cybersecurity experts told CNBC.
The types of attacks have evolved from fraudulent offers of face masks and hand sanitizers to phishing attacks and in recent weeks, more sophisticated players including nation-state actors have entered the fray, according to Etay Maor from IntSights.
In the first week of February, when the outbreak was still mostly limited to China, there was an increase in the distribution of malicious files disguised as documents related to the virus, according to Yeo Siang Tiong from Kaspersky.
Greenland’s ice sheet experienced record melting last year that was driven by hotter temperatures and more frequent atmospheric circulation patterns triggered by climate change, scientists have confirmed.
Researchers warn that climate change will make the destructive high-pressure atmospheric conditions more common in Greenland, the biggest contributor to global sea level rise.
If Greenland’s ice sheet were to melt away completely, global sea levels could rise by as much as 23 feet.
China has launched the “National Blockchain and Distributed Accounting Technology Standardization Technical Committee.”
Huawei, Tencent, Baidu, Ant Financial and JD.com are among a group of companies and academics on the committee.
The aim is likely to set some national standards for the technology.
Last year, President Xi Jinping said the country needs to “seize the opportunities” in blockchain.
Nearly 20% of all lodging CMBS loans are categorized as either “in grace period” or “beyond grace period,” according to data from Trepp, a New York-based research firm that tracks the CMBS market.
Retail CMBS loans not paid in April have jumped to about 9% from 1.7% in March, Trepp said.
The data speaks to a bigger fear haunting the commercial real estate industry: That Covid-19 could spark an even bigger mortgage crisis than the one in 2008, which devastated American homeowners.
PepsiCo’s deal for Rockstar Energy Drinks has made Rockstar’s founder a billionaire.
According to press reports, Russell Weiner owned 85% of the company, so his payout will be over $3.2 billion.
The deal caps one of the great underdog entrepreneur stories of the business world.
The virus, which emerged in Wuhan, China, in December, has since spread to more than 1.5 million people in almost every country around the world.
On Friday, the number of deaths caused by the coronavirus surged past the 100,000 mark, doubling in nearly a week.
On Wednesday, an updated report from the EU’s foreign policy arm, the European External Action Service, claimed countries including Russia and China were spreading disinformation about the coronavirus crisis.
The EU recorded more than 150 cases of pro-Kremlin disinformation on COVID-19 between the end of January and the end of March, the report said.
American Airlines plans to cut its international summer schedule by 60% to match a sharp drop in demand.
The carrier is also delaying the start of several new routes.
American says more cuts to its network are possible.
Stocks bounded higher as investors found hope in early signs the number of coronavirus cases may be peaking.
After the ripping decline in stocks since February, the market has regained 20% and analysts debate whether a bottom has been found.
The peak in viruses would mean that it would be possible to see a reopening of the economy on the horizon and the market will then have to absorb changes in the economy.
Initial jobless claims surged to more 6.6 million last week, the Labor Department said Thursday.
That brings the two-week total to about 10 million due to the coronavirus-induced economic shutdown.
Tesla just reported first quarter vehicle delivery and production numbers for 2020.
In the company’s 2019 fourth-quarter earnings call, CEO Elon Musk and CFO Zachary Kirkhorn said Tesla should “comfortably exceed” sales of 500,000 electric vehicles in 2020.
Executives also cautioned investors then, its first-quarter performance would be challenged by seasonality-- at the time, Tesla only expected the COVID-19 outbreak to delay production in China by less than two weeks.
Reported COVID-19 cases around the world surpassed 1 million on Thursday.
That’s double the total in a week as the virus spreads across Europe and North America and establishes toeholds in Africa.
The coronavirus has created “the golden age for hackers,” cybersecurity entrepreneur Robert Herjavec said.
“You couldn’t have picked a more perfect time to hack somebody,” the “Shark Tank” investor said.
Herjavec shared tips with CNBC for people working from home and those using video chat service Zoom.
A Citi survey of insitutional clients showed that 80% wanted to commit more cash to equities.
A poll from Wells Fargo and Gallup showed that many investors had not felt the need to call the professionals despite stocks falling 30% from all-time highs in record time.
“They’re clearly pessimistic about the short term, whether it’s the stock market or the economy, however, they’ve got a long-term view that is optimistic on the economy,” Tom Naratil, president of UBS Americas, said on “Closing Bell.”
“This is not your garden variety business cycle where a sharp downturn is followed by an equally sharp snapback,” he said. “We can restart production, but can we really restart consumption with people still scared and unwilling to go out and socialize and spend? So, I think the recovery is going to be extremely tentative.”
Read MoreThe Dow Jones Industrial Average was up 690.70 points, or 3.2%, at 22,327.48. The S&P 500 climbed 3.4% to 2,626.65 while the Nasdaq Composite closed 3.6% higher at 7,774.15. Tech stocks such as Microsoft, Alphabet and Amazon led the way higher for Wall Street. Microsoft jumped 7% while Alphabet and Amazon climbed 3.3% and 3.4%, respectively.
Read MoreThe coronavirus economic freeze could cost 47 million jobs and send the unemployment rate past 32%, according to St. Louis Fed projections.
There are nearly 67 million Americans working in jobs that are at a high risk of layoffs, according to the analysis.
St. Louis Fed President James Bullard said last week that the initial estimates are grim but the plunge should be short-lived.
Satellite broadband provider OneWeb plans to file for bankruptcy on Friday. OneWeb had raised $3.4 billion in capital, with SoftBank as its largest shareholder.
SoftBank held recent discussions to bail out OneWeb but ultimately decided it couldn’t afford to spend billions more as it looks to shore up its balance sheet.
The decision to let OneWeb file for bankruptcy, despite already having invested $2 billion in the company, marks a shift in strategy for SoftBank.
