10:44 am: Flight to gold amid coronavirus fearsGold prices climbed on Friday as fears around the Chinese coronavirus spurred safe-haven demand. McDonald’s stock was little changed.— Bursztynsky10:17 am: Blame coronavirus for stocks turning negativeAirlines and hotel stocks are leading the market lower after the confirmation of a second U.S. Coronavirus case. — Li9:41 am: Intel, Netflix among early winners, but internals weakGlancing at the market board, Intel is leading the tech sector higher. S

Legendary investor Bill Miller more than doubled his money last year, as his fund gained 119.5% net of fees. Miller founded his firm, Miller Value Partners, and it had $2.6 billion in assets under management at the end of December. Even after a big year for his portfolio and for stocks overall, Miller told his investors in a letter last week that he expects stocks to rise again in 2020. The latest securities filing for Miller Value Partners was released in November, but Miller told his investors

Democratic House impeachment managers are expected to argue Friday that President Donald Trump obstructed Congress’ investigation into his dealings with Ukraine. It’s the final day for the seven House managers, led by Intelligence Chairman Adam Schiff, D-Calif., to state their case that Trump should be convicted and removed from office. They are expected to start Saturday — a time slot that Trump grumbled about on Twitter as “Death Valley in T.V.” Senators, who are required to remain silent duri

Former FDA Commissioner Scott Gottlieb told CNBC on Friday the fast-spreading coronavirus outbreak in China is likely more contagious but less severe than the SARS epidemic that rattled markets in 2003 and slowed global economic growth. The total number of coronavirus cases in China rose to over 900, with 26 deaths. Gottlieb told CNBC that in comparison with SARS, this appears to be more contagious and less severe. At the time, World Health Organization officials said it was less infectious than

A security official stands guard as an ambulance arrives with a patient to the Infectious Disease Centre of Princess Margaret Hospital on January 22, 2020 in Hong Kong, China. The fatal flu-like coronavirus spreading quickly throughout Asia has now killed at least 26 people and sickened more than 900 worldwide, China state media said Friday. U.S. health officials began screening passengers flying from China at major international airports over the weekend, and confirmed the country’s first case

Not since sock puppet mania of the dot-com bubble has Intel’s stock traded at such a lofty price. But even with its stock price at the highest in almost two decades, there’s plenty of reason to be cautious. “Intel is giving us mixed signals,” said Hans Mosesmann, an analyst at Rosenblatt Securities who recommends selling Intel shares and buying AMD. Revenue of $20.21 billion beat the $19.23 billion average estimate. Intel is forecasting first-quarter earnings of $1.30 per share and revenue of $1

U.S. health officials said they diagnosed a second patient with the China coronavirus after a Chicago woman returned from Wuhan with the infection, and they are currently monitoring 63 other potential cases here. Officials said the patient, a woman in her 60s, is currently doing well and is in stable condition. She remains isolated in a hospital as a precaution, U.S. health officials said. U.S. health officials warned Friday that the flu or other respiratory illnesses could complicate identifyin

The project will involve the modification of Eidesvik Offshore’s “Viking Energy” ship. The vessel has been used by Norwegian energy major Equinor for 17 years. “The goal is to install fuel cell modules with a total power of 2 MW (megawatts) on board Viking Energy in 2024,” he added. “This will make the vessel the world’s first emission-free supply vessel.” In its own statement, Equinor explained that the vessel would take supplies to installations located on the Norwegian Continental Shelf.

Deutsche Bank on Friday appointed former German government minister Sigmar Gabriel, regarded as a proponent of strong European and transatlantic ties, to its supervisory board. Gabriel has served as foreign minister, economy minister and environment minister. Deutsche Bank’s chairman Paul Achleitner proposed Gabriel for the post, two people with knowledge of the matter said, speaking on condition of anonymity. Achleitner described Gabriel as a “dedicated proponent” of Europe and transatlantic re

Travelers wearing face masks stand in line inside the departure hall at West Kowloon Station, operated by MTR Corp., in Hong Kong, China, on Thursday, Jan. 23, 2020. A decision by the Hong Kong government to scrap major Lunar New Year celebrations due to the coronavirus outbreak is intended to ensure citizens are prepared for the “crisis to come,” according to Jacob Kam, CEO of majority state-owned rail operator MTR Corporation. The virus, which originated in the Wuhan region of mainland China,

Annual research from business risk consultancy EXX Africa has identified key risks facing the continent in 2020, and the countries which are best and worst positioned to mitigate them. WinnersHaving once been Africa’s “poster child for debt distress, currency collapse and weak governance,” the EXX Africa report said, Mozambique will leverage massive foreign investment flows in natural gas and associated industries to turn things around in 2020. People watch as black smoke rises as the capital of

Stocks set for higher open following mixed Thursday close1 Hour AgoU.S. stock index futures were higher Friday morning following a mixed close on Thursday. CNBC’s Frank Holland reports.

Supporters of Iraqi cleric Moqtada Sadr gather in the capital Baghdad for a “million-strong” march to demand an end to the presence of US forces in their country, on January 24, 2020. Thousands of Iraqis rallied at two central Baghdad intersections on Friday after a prominent cleric called for a “million strong” protest against the American military presence, following the U.S. killing of an Iranian general and an Iraqi militia chief. Throngs of marchers started gathering early on Friday at al-H

China is on a seven-day Lunar New Year holiday, a period when the Shanghai Disney park would be usually packed with tourists. Last year Shanghai Disney had to stop selling tickets to visitors as the park got overcrowded. Walt Disney’s Shanghai Disney Resort will be closed until further notice to help China stop the spread of a flu-like virus, costing the theme park operator revenue during the country’s biggest holiday season. A visitor wearing a mask walks outside the Shanghai Disney Resort, tha

A digital yuan could allow some countries to avoid U.S. sanctions and increase the Chinese government’s influence, experts told CNBC. It was funded by the digital yuan which allowed North Korea to bypass the global banking system and U.S. sanctions. “It made it really clear that this (development of digital yuan) is a national security concern,” Narula said at the World Economic Forum in Davos. A digital yuan could hurt the U.S.’s ability to use sanctions, Rogoff noted in an argument similar to

SAP isn’t running scared from Oracle. “We are winning market share,” SAP co-CEO Christian Klein said in a fireside chat with CNBC’s Karen Tso at the World Economic Forum in Davos, Switzerland. The German tech giant was the subject of criticism from some customers over a decision to end support for software running on third-party databases like Oracle. Late last year, Oracle’s technology chief Larry Ellison fired criticism of his own at the firm, claiming SAP’s customer base was “up for grabs.” I

Takeaway.com’s £6.2 billion ($8.1 billion) takeover of rival food delivery firm Just Eat has been delayed after the U.K.’s antitrust regulator launched an initial probe into the deal. The CMA investigation is a blow to the planned combination of Netherlands-based Takeaway.com and U.K.-headquartered Just Eat, two major players in Europe’s fast-growing food delivery industry. It arrives just months after the U.K. competition watchdog said it would launch a formal investigation into Amazon’s minori

— This is the script of CNBC’s news report for China’s CCTV on January 7, 2020, Tuesday. Some analysts believe that worries are not realistic while some concern that the current situation is just a start for a long-lasting conflict. The latest news we got showsUS oil company Chevron has called back petroleum workers from Iraq, so business in the Middle East has been influenced obviously, financing becomes hard under uncertainties. Under this circumstance, the U.S. is not immune from that, it is

— This is the script of CNBC’s news report for China’s CCTV on January 8, 2020, Wednesday. One of the supporting factors of this bullish sentiment if Tesla’s China strategy. What the Wall Street most focuses on now is Tesla’s market locating and pricing strategy in China. So, Tesla’s going to have to aim to compete against them rather than take a pre-existing slice out of the EV market. I think Tesla operates in a vacuum.

— This is the script of CNBC’s news report for China’s CCTV on January 9, 2020, Thursday. So analysts believe that it offered some chances to de-escalate the conflict after Iran released its emotions. For this round of US-Iran conflict, the market focus on two key words, one is revenge, one is escalation. It remains an open question whether the new sanctions will be truly repressive and whether they will provoke more retaliation from Iran. And in that context, there are more questions about whet