Business

Rescuers evacuate stranded people in the waterlogged urban area of Weihui City in Xinxiang, central China’s Henan Province, July 27, 2021. Li An | Xinhua News Agency | Getty Images Severe rainstorms and flooding in China are hurting the profits of insurance companies, and highlight the shortfalls of the country’s natural disaster insurance system. Flooding

Denise King, a staff member at Crown Heights Center for Nursing and Rehabilitation, a nursing home facility, receives the Pfizer-BioNTech coronavirus disease (COVID-19) vaccine from Walgreens Pharmacist Annette Marshall, in Brooklyn, New York, December 22, 2020. Yuki Iwamura | Reuters U.S. officials plan to withhold federal funding from nursing homes that don’t fully vaccinate their

In this article TGT Target CEO Brian Cornell is confident the big-box retailer will have plenty of merchandise this holiday season, despite industry-wide supply chain complications that have sparked worries that items could quickly sell out of stock. Target’s inventories were up $2.5 billion in its latest quarter compared with a year earlier, Cornell said

In this article HD A Home Depot store is seen in Washington, DC, on August 18, 2020. NICHOLAS KAMM | AFP | Getty Images Home Depot said Tuesday it quickly sold out of an early release of Halloween products, offering a signal that consumers will be eager to decorate their homes this fall and winter.

NIH Director Fr. Francis Collins holds up a model of the coronavirus as he testifies before a hearing looking into the budget estimates for National Institute of Health (NIH) and the state of medical research on Capitol Hill in Washington, DC on May 26, 2021. Sarah Silbiger | AFP | Getty Images New data from

Retail is in full focus this week. In earnings reports Tuesday morning, Walmart and Home Depot beat estimates. Major players such as Target, Kohl’s, Macy’s and Foot Locker will release results in coming days. July retail sales are also out Tuesday. All that data should reveal whether pent-up demand from the consumer was enough to

When husband-and-wife duo Chris Halim and Raena Lim quit their jobs in 2016 to start their own sustainable fashion business, they had little idea of the success it would become. But they knew one thing for sure: get a basic product to market as soon as possible — that’s the advice they stand by today.

In this article PTON A Peloton Interactive Inc. Tread exercise machine for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton said it beginning to install a repair to its Tread machines that were recalled earlier this year after reports of injuries.

Hamilton at Richard Rodgers Theatre near Times Square remains closed following restrictions imposed to slow the spread of coronavirus on January 15, 2021 in New York City. Cindy Ord | Getty Images Investing in a Broadway show is a high-risk venture: only one out of five productions recoup their investment. But the 20% of profitable

1995 McLaren F1 Photo: Mike Maez | Gooding & Co. A McLaren F1 was auctioned at Pebble Beach on Friday night for $20.5 million, showing the continued strength of the classic car market. Gooding & Co. auctioned off the rare McLaren F1 to a packed and excited crowd, blowing past its estimate of at least

People enjoy pizza at Pizza Secret on July 27, 2021 in the Park Slope neighborhood of the Brooklyn borough in New York City. Michael M. Santiago | Getty Images Starting Monday, New York City will become the first major U.S. city to impose a vaccination requirement for indoor dining, leaving restaurant operators across the five

As the husband-and-wife team behind clothes rental app Style Theory, Raena Lim and Chris Halim are united not only in marriage, but also in business. That “definitely has some really good advantages,” Halim told CNBC Make It. And it also has its drawbacks: “Makes you work longer hours,” laughed Lim. But having spent five years

In this article UAL United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK. Nicolas Economou | NurPhoto | Getty Images United Airlines on Sunday started rerouting its India flights to avoid Afghanistan airspace after Taliban fighters entered the capital Kabul, sealing a takeover of the country, and U.S. officials scrambled

In this article DIS Jodie Comer and Ryan Reynolds star in 20th Century Studio’s “Free Guy.” Disney Walt Disney’s “Free Guy” tallied more than $28 million at the domestic box office during its opening weekend, smashing expectations. The 20th Century Studio’s film, which stars Ryan Reynolds, was forecast to garner between $15 million to $20

Epidemiologist Dr. Anne Rimoin told CNBC that she agrees with White House chief medical advisor Dr. Anthony Fauci when he said that everybody will someday “likely” need a booster shot of the Covid-19 vaccines. “Well, I think Dr. Fauci is right,” said Rimoin, a professor of epidemiology at the UCLA School of Public Health. “What’s

Members of the Chicago White Sox celebrate at home plate after Tim Anderson #7 of the Chicago White Sox hit a game winning, walk-off home run in the ninth inning against the New York Yankees on August 12, 2021 at Field of Dreams in Dyersville, Iowa. Ron Vesely | Getty Images Sport | Getty Images

Dr. Joseph Varon, right, and Jeffrey Ndove, left, perform a procedure for hypothermia treatment on a patient in the COVID-19 intensive care unit on Christmas Eve at the United Memorial Medical Center on December 24, 2020 in Houston, Texas. Go Nakamura | Getty Images DALLAS — Hospitals in Texas are suspending elective procedures and turning to

Britain’s Chijindu Ujah competes in the men’s 4x100m relay heats during the Tokyo 2020 Olympic Games at the Olympic Stadium in Tokyo on August 5, 2021. (Photo by Javier SORIANO / AFP) (Photo by JAVIER SORIANO/AFP via Getty Images) JAVIER SORIANO | AFP | Getty Images CJ Ujah, a member of Great Britain’s silver medal-winning

Kyle Little, chief operating officer at New York-based wholesale distributor Sherwood Lumber, told CNBC on Thursday that the recent slide in lumber prices has rekindled demand after a massive runup earlier this year challenged the affordability of building projects. “Over the last three weeks we’ve seen renewed interest,” the industry veteran and former lumber trader

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a Senate Health, Education, Labor, and Pensions Committee hearing at the Dirksen Senate Office Building in Washington, D.C., U.S., July 20, 2021. Stefani Reynolds | Reutesr White House chief medical advisor Dr. Anthony Fauci said Thursday it is “likely” everybody