Bloomberg was left battered after the Nevada Democratic debate—Watch the key momentsJust three days before the crucial Nevada caucuses, six candidates took the stage in a contentious debate, firing off rounds of attacks on newcomer Mike Bloomberg. The jabs zeroed in on Bloomberg’s record on race as mayor of New York City, as well as alleged instances of sexual harassment against employees of his flagship business Bloomberg LP. Joe Biden, Bernie Sanders, Elizabeth Warren, Amy Klobuchar, Pete Butt

Tourists take photos at the Overseas Passenger Terminal as the Norwegian Jewel cruise ship is in lock down while health authorities test a man for Coronavirus on February 14, 2020 in Sydney, Australia. Norwegian Cruise Line has canceled its voyages in Asia through the third quarter of 2020 and expects to take an earnings hit of 75 cents per share for the full year because of the coronavirus, the company said Thursday. The cruise line said the virus had forced it to cancel, modify or redeploy 40

World Health Organization officials are holding a press conference Thursday to update the public on the coronavirus outbreak, which has infected more than 75,700 and killed at least 2,130 so far. WHO officials declared the virus a global health emergency last month, while urging the public against over-reacting to the virus. They will no longer be counted as “confirmed” cases as they were in the previous diagnosis protocol. Also Wednesday, International Monetary Fund head Kristalina Georgieva sa

(This story is for CNBC Pro subscribers only.) Traders work on the floor of the New York Stock ExchangeBillionaire hedge fund manager Stephen Mandel founded Lone Pine Capital 23 years ago and boasts one of the best long-term track records in the industry. The all-star manager made nearly $1 billion last year, one of the top earners among the world’s biggest hedge fund managers. Here’s a look at what he’s betting on.

Billionaire investor Ron Baron is making a killing on his investment in Elon Musk’s Tesla. Here’s what else his firm is betting on to continue his winning streak, including some unusual names among its top picks. Baron’s firm, Baron Capital, has a growth portfolio called the Baron Opportunity fund and Tesla sits in its top ten holdings. As of Tuesday, the fund, with about $438 million in net assets, is up 15.73% this year, beating the S&P 500 which is up about 4.7% in 2020 through Wednesday. Tes

Billionaire former New York City Mayor Mike Bloomberg’s performance in his first Democratic presidential debate was so bad that it may be the “beginning of the end” for his already late-starting campaign, pollster Frank Luntz said Thursday. Luntz, a longtime Republican pollster and consultant to NBC’s hit series “The West Wing,” on CNBC compared Bloomberg’s debacle to Rick Perry’s debate gaffe in the 2012 race for the GOP presidential nomination. “We will look back at this debate potentially as

Federal Reserve Vice Chairman Richard Clarida doused talk of a rate cut, saying in an interview Thursday with CNBC that he doesn’t think most market participants really expect one or that it is noted. “Market pricing for rate cuts is a little tricky, because there’s market expectations for rates, there also can be term and liquidity premiums,” the central bank official told CNBC’s Steve Liesman during a “Squawk Box” interview. Futures contracts are pointing to a rate reduction as soon as June or

Democratic presidential candidate Sen. Bernie Sanders (I-VT) smiles during the Democratic presidential primary debate at Paris Las Vegas on February 19, 2020 in Las Vegas, Nevada. Elizabeth Warren and Bernie Sanders, whose campaigns both recorded the most contributions ever received on a debate day. Sanders’ campaign said it raised $2.7 million from nearly 150,000 donations. The harshest blow came from Warren, who referred to Bloomberg as a “billionaire who calls women ‘fat broads’ and ‘horse-fa

Morgan Stanley, the tony investment bank for rich Americans and corporations, is making a play for the masses with its $13 billion takeover of discount brokerage pioneer E-Trade. Morgan Stanley “will look to couple their advisor-driven model with ETFC’s direct-to-consumer and digital capabilities,” Piper Sandler analyst Richard Repetto said in a note. But perhaps most importantly, Morgan Stanley will gain access to E-Trade’s $56 billion in deposits. The deal also gives Morgan Stanley a business

Brexit leaves shortfall of up to 70 billion euros in EU’s financesEuropean Budget and Administration Commissioner Johannes Hahn says EU member states will have to pay more in future to compensate for the loss to the budget caused by Brexit.

Moller-Maersk is the largest container shipping company in the world. Shipping giant Maersk warned on Thursday that the coronavirus outbreak would weigh on earnings this year, compounding the woes of a container shipping industry already subdued by trade wars and an economic slowdown. Global container demand grew 1.4% in 2019 and 3.8% the year before. “The outlook for 2020 is impacted by the current outbreak of the coronavirus in China, which has significantly lowered visibility on what to expec

Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday. Alphabet Inc’s Google intends to require its British users to acknowledge new terms of service including the new jurisdiction, according to people familiar with the plans. Ireland, where Google and other U.S. tech companies have their European headquarters, is staying in the EU, which has one of the

Former Vice President will be “back in the game” if he can finish second in the upcoming Nevada caucuses, a former U.S. ambassador said. His comments follow the latest Democratic debate and come days before Nevada’s caucuses. Once considered a front-runner, Biden’s presidential campaign stumbled in the Iowa caucus and the New Hampshire Democratic primary, where he placed fourth and fifth respectively. “But the point is, if Biden comes in second in Nevada this weekend on Saturday, I think he’s ba

Worldwide demand for liquefied natural gas, or LNG, rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report. Citing forecasts, Shell said that LNG demand was expected to double by 2040 to 700 million tons, with natural gas set to play “a growing role in shaping a lower-carbon energy system.” LNG refers to natural gas that has been cooled down to turn it into a liquid. According to the IEA, natural gas consumption grew by 4.6% in 2018, with the

The U.K., which has been one of the EU’s key contributors, left the bloc on January 31. The remaining 27 EU countries are now scratching their heads and trying to find ways to make up the difference. The EU’s budget is used to finance policies across the bloc, ranging from developing rural areas, security and the promotion of human rights. However, EU countries have a hard time figuring out how much money to allocate to the different policy aims. There are 15 nations that do not want a smaller b

Argentina is thought to be on the brink of falling into its ninth sovereign default, prompting some analysts to speculate whether the crisis-prone South American country might be tempted to accept funding from China. This is certainly not a base case, but it is in the back of people’s minds,” Jimena Blanco, head of Latin America at Verisk Maplecroft, told CNBC via telephone. “China’s relationship with Latin America has been developing for the last 10 years, so it is not a farfetched thought. The

The U.K. is home to three of the world’s top 10 universities, according to Times Higher Education, including Oxford University. People planning to move to the U.K. for work are not necessarily looking at the jobs you might expect, according to the jobs site Indeed, with senior lecturer positions proving the most popular. Job advertisements for senior lecturer roles had the highest share of clicks from overseas, with some 37% of views coming from outside the U.K., according to a new survey from t

Users of Samsung’s Galaxy smartphones got a surprise Thursday morning as they were sent a random notification for its mobile tracking app. Once clicked on, the notification disappeared, and some users reported via Twitter that it used up a chunk of their battery life. According to Samsung, the “1” notification was sent out by accident to a number of Galaxy phones as part of “internal testing.” “The notification was inadvertently sent to a limited number of Galaxy devices. We can assure our users

Microsoft will soon offer its Defender antivirus software for phones and other devices running Google’s Android and Apple’s iOS mobile operating systems, the company announced Thursday. Last year, Microsoft partnered with top Android phone maker Samsung and even introduced its own two-screened Android phone. People can end up allowing malware onto their Android devices by installing applications they find outside of Google Play, the official repository of apps for Android, Lefferts said. Microso

Democratic presidential hopeful Vermont Senator Bernie Sanders speaks during the ninth Democratic primary debate of the 2020 presidential campaign season co-hosted by NBC News, MSNBC, Noticias Telemundo and The Nevada Independent at the Paris Theater in Las Vegas, Nevada, on February 19, 2020. Twitter did little to lend credence to presidential candidate Sen. Bernie Sanders’ suggestion at Wednesday’s Democratic debate that outside actors could be responsible for abrasive attacks by people claimi