<p><iframe loading="lazy" src="https://www.youtube.com/embed/LVE4gwl5wjU" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Mohamed El-Erian, chief economic advisor at Allianz, says the stock market is in a &quot;win-win&quot; mindset as the Federal Reserve provides continued stimulus. He warns of distorted &quot;zombie markets&quot; and explains how some sectors will benefit while others will miss out during the economic recovery.</p>
<p>Beware not just of “zombie” companies but of “zombie markets” as asset prices become distorted and detached from fundamentals, warned Allianz chief economic advisor Mohamed El-Eri</p>


What’s Next For The U.S. Economy: Mohamed El-Erian

<p><iframe loading="lazy" src="https://www.youtube.com/embed/gwCa4pai-fE" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>CNBC.com&#8217;s MacKenzie Sigalos brings you the day&#8217;s top business news headlines. On today&#8217;s show, CNBC&#8217;s Leslie Picker dives into inherent bias on Wall Street, and how it can lead investors to favor race, instead of quality, when it comes to selecting money managers.</p>


Private jets boom as wealthy ditch commercial airlines: CNBC After Hours

<p><iframe loading="lazy" src="https://www.youtube.com/embed/3uddWNSSxkc" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>In March 2020, Wayfair was struggling. The online furniture retailer’s stock had plummeted to $21 a share as the company faced falling profits and high operating expenses. Covid-19 changed all that. Since most of the U.S. entered lockdown mode, almost all of Wayfair’s brick and mortar competitors shut their doors leaving Wayfair as essentially the only game in town for home furnishings. But as the country slowly re-opens will Wayfair’s underlying issues return to the surface or will new tr</p>


The Rise Of Wayfair

<p><iframe loading="lazy" src="https://www.youtube.com/embed/TaIwHiW2ggI" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>On April 20th, the effects of the pandemic and a price war between Saudi Arabia and Russia forced oil prices to sink below zero and into the negative territory for the first time in history. The unprecedented loss put countless retail investors and the American economy under a great financial risk. Although experts suggest it is unlikely to happen again since oil prices recorded its best month yet in May, it gives a glimpse into the inner workings of the oil trade industry and the dangers of the</p>


Why Oil Prices Can Turn Negative

<p><iframe loading="lazy" src="https://www.youtube.com/embed/mGZDSjALIwU" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>When the coronavirus pandemic hit, Kohl&#8217;s closed all of its stores nationwide on March 19, and wasn&#8217;t able to reopen until early May. Like many other retailers, Kohl&#8217;s has been hit hard by the Covid-19 pandemic, seeing its stock plummet more than 65% in 2020. Coupled with being a primarily brick-and-mortar business in an era where online retail remains enormously popular, Kohl&#8217;s fight to stay alive is a tough one.</p>
<p>» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC<br />
» Subscribe to CNBC TV: https</p>


Can Kohl’s Survive?

<p><iframe loading="lazy" src="https://www.youtube.com/embed/9SIvxaxWHms" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>TikTok is the most downloaded app of 2020, as quarantines have spurred more and more users to hop onboard and learn about the latest dance trends and memes. But the app also faces a slew of regulatory hurdles, privacy concerns, and allegations of censorship, issues experts say will be new CEO Kevin Mayer’s top priority. </p>
<p>» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC<br />
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision<br />
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCc</p>


The Rise Of TikTok

<p><iframe loading="lazy" src="https://www.youtube.com/embed/KAVkRn6MmXQ" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The Covid-19 outbreak blindsided the U.S. economy and caused unemployment to surge to previously unthinkable levels. As states begin to re-open, and the economy recovers, how will the U.S. bring back jobs lost during the peak of the crisis?</p>
<p>» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC&#13;<br />
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision&#13;<br />
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic&#13;<br />
&#13;<br />
About CNBC: From &#8216;Wall Street&#8217; to &#8216;Main Street&#8217; to award</p>


How Labor Markets Could Bounce Back From High Unemployment

<p><iframe loading="lazy" src="https://www.youtube.com/embed/MH2dru5y3xc" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>CNBC.com&#8217;s MacKenzie Sigalos brings you the day&#8217;s top business news headlines. On today&#8217;s show, we break down today&#8217;s ugly stock market action, and CNBC&#8217;s Kate Rooney digs into the numbers behind the wave of retail investors during the coronavirus pandemic. Plus, CNBC&#8217;s Deirdre Bosa breaks down the most controversial software dividing the tech world: facial recognition technology.</p>
<p>» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC<br />
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision</p>


What Today’s Sell-off Has To Do With Robinhood Traders: CNBC After Hours

<p><iframe loading="lazy" src="https://www.youtube.com/embed/uM4PUU-VOx8" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Economist and best-selling author Dambisa Moyo worries countries around the world won’t be able to get workers back in the office in the wake of the coronavirus pandemic. She explains how governments and corporations are struggling to make policy decisions that could help the labor force in a time of heightened uncertainty.</p>
<p>» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC&#13;<br />
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision&#13;<br />
» Subscribe to CNBC Classic: https://cnb.cx/S</p>


What’s Next For The U.S. Economy: Dambisa Moyo

<p><iframe loading="lazy" src="https://www.youtube.com/embed/GBAabiVfMhw" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>In May 2020, Italian supercar maker Ferrari soared to a $30 billion market value, beating the top three major U.S. automakers. Compared to GM, Ford, and Fiat-Chrysler, Ferrari is a small carmaker known for limiting production and only makes about 10,000 units per year. But the auto industry is poised for some tremendous changes that raise questions about the long-term future of even high-end exotics</p>
<p>» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC&#13;<br />
» Subscribe to CNBC TV: https://cnb.cx/</p>


The Rise Of Ferrari

<p><iframe loading="lazy" src="https://www.youtube.com/embed/3LOHj2yjjzM" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>CNBC.com&#8217;s MacKenzie Sigalos brings you the day&#8217;s top business news headlines. On today&#8217;s show, CNBC&#8217;s Dominic Chu breaks down why traders have bought so much stock in bankrupt companies like Hertz and J.C. Penney, and how it can quickly become a losing game. Also, CNBC&#8217;s Elizabeth Schulze explains how empty sports stadiums pose an imminent threat to city and county budgets, and why the whole situation could lead to higher local taxes for those residents.</p>


Why people are buying bankrupt stocks like Hertz

Why people are buying bankrupt stocks like Hertz, and everything else you missed in business news: C

<p><iframe loading="lazy" src="https://www.youtube.com/embed/RoN2nGMltfw" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Tech offices, from Apple’s 2.8 million square-foot “spaceship” campus, to Facebook’s Menlo Park headquarters complete with a botanical garden, have always pushed the envelope of office space. But coronavirus may make this type of work environment a thing of the past, at least for the near future, as companies try to balance communal work with safety. Here’s a look at how tech companies are changing their offices and work policies as they ease into reopening.</p>
<p>» Subscribe to CNBC: http</p>


Why Coronavirus May Change How Big Tech Works

<p><iframe loading="lazy" src="https://www.youtube.com/embed/UDdyqYShEkw" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The coronavirus pandemic has been a real learning curve, not least for educators. But with many schools now reopening, questions are being asked about what the future of education might look like. CNBC Make It’s Karen Gilchrist spoke to entrepreneurs in India, Hong Kong and the U.S. to learn more about the multibillion-dollar business opportunity&#8230;</p>


How the pandemic fast-tracked this multibillion-dollar industry | Make It International

<p><iframe loading="lazy" src="https://www.youtube.com/embed/UrOTXbe8Mcg" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>The coronavirus pandemic has been especially crushing for the meat supply chain. Over 20,000 processing plant workers have contracted the virus and 74 have died. As plants have had to shut down due to the labor disruptions, producers were left with thousands of animals ready for slaughter. Some even resorted to euthanasia. Experts predict 2020 losses to be upward of $20 billion for the industry.<br />
here is the srt and thumbnail</p>
<p>» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC&#13;<br />
» Subscribe t</p>


Why The U.S. Almost Ran Out Of Meat

<p><iframe loading="lazy" src="https://www.youtube.com/embed/vUlqoufrmdw" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>Stocks have soared despite high unemployment and social unrest. The economic crisis spurred by the coronavirus pandemic has deepened the divide between Wall Street and Main Street.</p>
<p>While the U.S. economy is showing signs of life as businesses reopen and job growth rebounds, the gap between the real economy and the stock market remains unusually wide. </p>
<p>&quot;The words recession and recovery can&#8217;t begin to capture the magnitude of pain trigger(ed) by this crisis and the risks that widespread su</p>


Why The Stock Market Is Up With 42MM Americans Out Of Work

<p><iframe loading="lazy" src="https://www.youtube.com/embed/Wwb-QD0WREs" width="640" height="360" frameborder="0" allowfullscreen="allowfullscreen"></iframe></p>
<p>When NBA star Rudy Gobert tested positive for the coronavirus in early March, it set off a chain reaction of professional sports cancellations, the likes of which the country has never seen. Now, three months later, sports are slowly beginning to come back, although for fans, athletes and owners, things will never be the same. Watch this video for a timetable of how pro sports shut down, and how they’re reopening now.</p>
<p>» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC&#13;<br />
» Subscribe to CNB</p>


How Pro Sports Leagues Plan To Return


<p>ABIDJAN (Reuters) &#8211; The <a href="https://www.cnbcafrica.com/west-africa/2020/06/03/nigerias-president-backs-embattled-african-development-bank-chief/">African Development Bank’s (AfDB)</a> board on Thursday said it stood by an internal investigation that had cleared its president of improper conduct, but it would carry out an independent review of the report in the interest of due process.</p>



<p>AfDB President Akinwumi Adesina has been accused of abuse of office by a whistleblower at the bank, including favouritism in hiring. He has denied the allegations and a report by the bank’s ethics board cleared him of wrongdoing.</p>



<p>The United States, AfDB’s second-largest shareholder, has demanded a new independent probe into the allegations, rejecting the bank’s investigation over reservations about the integrity of the bank’s process. Meanwhile, top shareholder <a href="https://www.cnbcafrica.com/videos/2020/06/04/understanding-nigerias-debt-strategy-4/">Nigeria</a> has voiced its support for Adesina.</p>



<p>In a statement, AfDB’s board of governors said it believed the bank’s ethics committee, which produced the report, had carried out its role correctly. But the board has nevertheless agreed to authorise a review.</p>



<p>“The independent review shall be conducted by a neutral high caliber individual with unquestionable experience, high international reputation and integrity,” it said.</p>



<p>On Tuesday, Nigerian President Muhammadu Buhari gave his backing to Adesina in his bid for a second term as AfDB president despite the allegations.</p>



<p>Adesina later this year plans to pursue a second term as the head of the multilateral lender, which is headquartered in Ivory Coast’s commercial capital Abidjan.</p>



<p>The board said the review of the investigation would take no more than four weeks and not interfere with the bank’s electoral calendar.</p>



<p>The bank’s whistle-blowing and complaints handling policy will also be reviewed at a later date to ensure it is being properly implemented, it said.</p>



<p>(Reporting by Bate Felix; Additional reporting by Ange Aboa; Writing by Alessandra Prentice; Editing by Sam Holmes)</p>



<p>This article was first published on Reuters <a href="https://www.reuters.com/article/us-africa-bank-idUSKBN23B3HG">https://www.reuters.com/article/us-africa-bank-idUSKBN23B3HG</a> and is republished with its permission.</p>



<p>For more coverage on COVID-19 visit: <a href="https://www.cnbcafrica.com/covid-19/">https://www.cnbcafrica.com/covid-19/</a></p>


AfDB board stands by embattled President Adesina

International News

What’s Next For The U.S. Economy: Mohamed El-Erian

Private jets boom as wealthy ditch commercial airlines: CNBC After Hours

The Rise Of Wayfair

Why Oil Prices Can Turn Negative

Can Kohl’s Survive?

The Rise Of TikTok

How Labor Markets Could Bounce Back From High Unemployment

What Today’s Sell-off Has To Do With Robinhood Traders: CNBC After Hours

What’s Next For The U.S. Economy: Dambisa Moyo

The Rise Of Ferrari

Why people are buying bankrupt stocks like Hertz, and everything else you missed in business news: C

Why Coronavirus May Change How Big Tech Works

How the pandemic fast-tracked this multibillion-dollar industry | Make It International

Why The U.S. Almost Ran Out Of Meat

Why The Stock Market Is Up With 42MM Americans Out Of Work

How Pro Sports Leagues Plan To Return

African Development Bank board stands by embattled President Adesina

News Tips

Advertise With Us

International News

What’s Next For The U.S. Economy: Mohamed El-Erian

Private jets boom as wealthy ditch commercial airlines: CNBC After Hours

The Rise Of Wayfair

Why Oil Prices Can Turn Negative

Can Kohl’s Survive?

The Rise Of TikTok

How Labor Markets Could Bounce Back From High Unemployment

What Today’s Sell-off Has To Do With Robinhood Traders: CNBC After Hours

What’s Next For The U.S. Economy: Dambisa Moyo

The Rise Of Ferrari

Why people are buying bankrupt stocks like Hertz, and everything else you missed in business news: C

Why Coronavirus May Change How Big Tech Works

How the pandemic fast-tracked this multibillion-dollar industry | Make It International

Why The U.S. Almost Ran Out Of Meat

Why The Stock Market Is Up With 42MM Americans Out Of Work

How Pro Sports Leagues Plan To Return

African Development Bank board stands by embattled President Adesina

News Tips

Advertise With Us

Newsletters