…but I did stay at a Holiday Inn Express last night. They had never heard that line from the famous Holiday Inn commercials. Geothermal energy means sticking pipes about 500 feet down into the earth instead. The utility companies would need to offer something similar for geothermal systems to be similarly within reach for most people. Final note: we started looking into solar systems after a power outage and a headache-inducing experiment with a portable generator that needed a lot of maintena

After WeWork’s failed IPO and valuation implosion, it was reported that Neumann would walk away with $1.7 billion as his employees lost their jobs. Now Neumann is selling six-bedroom Manhattan penthouse for $37.5 million. The fifth, sixth and seventh floors were then combined into one 7,880 square-foot penthouse, according to the listing from Compass agents Nick Gavin and Josh Doyle. The eat-in kitchen on the seventh floor has three refrigerators and a six-burner stovetop. The master bedroom fea

Check out the companies making headlines in midday trading on Friday:Deere — Shares of Deere popped 8.7% after the tractor-maker reported better-than-expected results for its fiscal first quarter. SoftBank, which owns the more than 80% of Sprint, will see an exchange ratio of 11 Sprint shares for each T-Mobile share, the companies said. Dropbox — Shares of Dropbox surged more than 22%, surpassing its 2018 IPO price of $21 for the first time since September after the cloud software company report

Sen. Elizabeth Warren has brought national attention to nondisclosure agreements this week, criticizing billionaire businessman and former New York City mayor Mike Bloomberg for his alleged history of inappropriate behavior toward women and using NDAs to keep employees from speaking out. Bloomberg has declined to release employees from the NDAs they’ve signed while working for him. She said Bloomberg has “never tolerated any kind of discrimination or harassment.” Many workers may be wondering ju

President Donald Trump speaks at the South Lawn of the White House on June 10, 2019. The Trump administration is planning a 5G summit at the White House in early April as part of its global effort to ensure that Chinese telecom giant Huawei does not become dominant in next generation communications technologies, officials told CNBC. The president’s top economic advisor, Larry Kudlow, told reporters Friday that such a meeting would happen. “We’re going to have a lot of them in the White House to

“We have to be open to the possibility that the markets’ view may be more in alignment with fundamentals than the policymakers’ view,” she added. Traders widely expect two rate cuts this year, while Fed officials have said repeatedly that they think policy is fine where it is now . Mester said the policymaking Federal Open Market Committee’s post-meeting statement as one example. Mester called the January statement “pretty sparse” and said the FOMC might be able to avoid more confusion by provid

Democratic presidential candidate Sen. Amy Klobuchar (D-MN) walks with members of Culinary Workers Union Local 226 on a picket line outside of Palms Casino Resort on February 19, 2020 in Las Vegas, Nevada. Mario Tama | Getty ImagesAs two billionaires pile staggering amounts of cash into their 2020 Democratic presidential campaigns, several of their rivals are burning through money much more quickly than they are raising it. Former Vice President Joe Biden, former South Bend, Indiana, Mayor Pete

From Jan. 23 to Feb. 18, 99,254 scheduled flights didn’t fly, close to 90% of them domestic China trips, the firm added. That’s sending jet fuel prices, generally airlines’ second-biggest expense after labor, down sharply. The Asia-Pacific air travel market has become more important since the SARS outbreak that began in 2002. China is expected to overtake the U.S. as the world’s largest air travel market by the middle of this decade. The airline had already suspended its China flights.

The coronavirus outbreak ruined for investors what was a solid earnings reporting season and is casting a pall on forecasts for this quarter and the rest of this year. And now with most of the earnings season in the books, look for the latest coronavirus headlines to fill the vacuum and weigh on stocks the rest of the month. However, the deluge of solid corporate results was largely overlooked by investors who are focusing on the spillover impact from the coronavirus on U.S. corporations. Stocks

While Tesla’s actual electric pickup isn’t expected until to be available until next year, fans of the polarizing, and very angular, truck will only need to wait until December for these miniature versions, Mattel said. Elon Musk smashed the “bulletproof” windows of his prototype Cybertruck, and now you can, too. The 1:64 scale model, around 3 inches long, is the same size as a traditional Hot Wheels car, so it can be used with any of Mattel’s car tracks, the toymaker said. It costs $20 and will

The new raise would value SpaceX at around $36 billion, up from $33.3 billion previously. The steady fundraising comes as SpaceX continues development on three important programs: Crew Dragon, Starlink and Starship. NASA astronauts Doug Hurley and Bob Behnken suited up inside a SpaceX Crew Dragon capsule. Additionally, Musk has said SpaceX has spent “hundreds of millions of dollars” of its own funds to develop Crew Dragon. A stack of 60 SpaceX Starlink satellites float in orbit above the Earth.

Democratic presidential candidate former New York City mayor Mike Bloomberg speaks during the Democratic presidential primary debate at Paris Las Vegas on February 19, 2020 in Las Vegas, Nevada. Michael Bloomberg, billionaire and former mayor of New York, is the latest Democratic presidential candidate to turn his attention to the country’s $1.7 trillion outstanding student loan balance. For people already saddled with student debt, Bloomberg says he would slash borrowers payments in half. After

Hedge funds are pouring money into Uber and Boeing, according to investment bank Goldman Sachs. Goldman keeps its finger on the pulse of which companies hedge funds are betting on by tracking which stocks appear most often in their top holdings. Goldman’s “VIP basket” of hedge fund favored stocks has outperformed the S&P 500 in 60% of the quarter since 2001. “Strong retail trading activity has contributed to an extraordinary rally of hedge fund favorite stocks,” Goldman’s research analyst Ben Sn

Investors turning to Berkshire Hathaway’s portfolio for inspiration from Warren Buffett will find more and more investments are being made or inspired by the ‘Oracle of Omaha’s’ money lieutenants, Todd Combs and Ted Weschler. Combs joined Berkshire in 2010, three years after the conglomerate began searching for someone to help manage its massive stocks portfolio. Weschler arrived at Berkshire two years later. Over the years, Combs and Weschler have added stocks to Berkshire’s portfolio that Buff

Earlier in the day, Iran confirmed 13 new coronavirus cases, bringing its total in the country to 18. World health officials said Friday the COVID-19 coronavirus outbreak in Iran, where health officials confirmed 18 new cases and four deaths in just two days, is “very worrisome.” World health officials still have a chance to contain the virus, he said, but it’s getting less likely by the day. World health officials said they remain concerned about the potential spread of the virus to countries w

Messonnier said the CDC is working with state and local health departments “to ready our public health workforce to respond to local cases and the possibility this outbreak could become a pandemic.” The CDC is collaborating with supply chain partners, hospitals, pharmacies and manufacturers to understand what medical supplies are needed, she said. “This will help CDC understand when we may need to take more aggressive measures to ensure that health-care workers on the front lines have access to

An Iranian national flag flies above the new Phase 3 facility at the Persian Gulf Star Co. (PGSPC) gas condensate refinery in Bandar Abbas, Iran, on Wednesday, Jan. 9. The third phase of the refinery begins operations next week and will add 12-15 million liters a day of gasoline output capacity to the plant, Deputy Oil Minister Alireza Sadeghabadi told reporters. A global dirty money watchdog on Friday placed Iran on its blacklist after the country failed to comply with international anti-terror

Moscow is using facial recognition technology to ensure people ordered to remain at home or at their hotels under coronavirus quarantine do so, the mayor of the Russian capital said on Friday. Sergei Sobyanin, the mayor of Moscow, said some 2,500 people who had landed in the city from China had been ordered to go into quarantine. To prevent them leaving their apartments, the authorities are using facial recognition technology in the city to catch any offenders, he said. “Compliance with the regi

HP adopts ‘poison pill’ to fend off Xerox’s takeover attemptHP adopted a “poison pill” to help fend off Xerox’s attempt to buy the computer and printer maker. The poison pill gives shareholders the right to buy more shares at a discount if any one entity acquires 20% of outstanding shares, diluting the group’s stake. CNBC’s David Faber reports.

Eurasia Group’s Bremmer outlines two possible future scenarios for coronavirusIan Bremmer, Eurasia Group founder and president, joins “Squawk Box” to discuss the growing economic impact of coronavirus.