During the global coronavirus pandemica group of people wearing personal protective equipment walk in Tom Bradley international at LAX on Tuesday, Nov. 17, 2020 in Los Angeles, CA. Francine Orr | Los Angeles Times | Getty Images The Centers for Disease Control and Prevention on Thursday recommended Americans against traveling for Thanksgiving to prevent the
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A worker stands inside Starbucks in midtown during the coronavirus pandemic on May 20, 2020 in New York City. Noam Galai | Getty Images Starbucks is raising hourly wages for its baristas as the restaurant industry braces for a higher minimum wage when President-elect Joe Biden takes office. Starting Dec. 14, baristas, shift supervisors and
Ten years ago, General Motors made its second debut on the New York Stock Exchange in what was then the largest initial public offering in U.S. history — ushering in a new era of renewed optimism for the company and U.S. economy after emerging from bankruptcy in the Great Recession. Then-CEO Dan Akerson rang the
Medical staff examine a patient suffering from coronavirus in the COVID-19 intensive care unit (ICU) at United Memorial Medical Center on November 16, 2020 in Houston, Texas. Go Nakamura | Getty Images Health-care workers in the United States could get the first doses of a coronavirus vaccine in about a month. Pfizer announced Wednesday that
Bill Gates CNBC The coronavirus will fundamentally alter the way people travel for and conduct business, even after the pandemic is over, Microsoft co-founder Bill Gates said Tuesday. “My prediction would be that over 50% of business travel and over 30% of days in the office will go away,” Gates told Andrew Ross Sorkin during
When General Motors decided to pull the plug on a sedan plant in northeast Ohio almost two years ago, the Detroit-based automaker was reacting to America’s growing interest in trucks and SUVs. The move eliminated more than 1,300 jobs, creating a headache for Lordstown, Ohio, and the local economy that depended on the factory, drawing
Exterior view of Villa Firenze in Beverly Hills, California Concierge Auctions A $160 million mansion in Beverly Hills, California, is headed to the auction block, making it the most expensive listing ever to auction. The nine-acre estate, called Villa Firenze, will be sold to the highest bidder, with no reserve, by Concierge Auction next month.
A customer wears a protective mask while unloading purchases off a cart outside a Home Depot Inc. store in Reston, Virginia, on Thursday, May 21, 2020. Andew Harrer | Bloomberg | Getty Images Home Depot is set to report third-quarter earnings on Tuesday before the market opens as the retailer rides a wave of increased
A pedestrian walks by a Francesca’s store in New York. Scott Mlyn | CNBC Francesca’s said Monday that it will permanently close about 140 stores by the end of January, but also warned that it may have to take more significant steps to stabilize its finances — including filing for bankruptcy. The apparel and accessories
Care packages, such as the ones made by Gift Box Love Co., have been a popular gift item on Etsy during the pandemic. Gift Box Love Co. For about two years, Ashley Houck has put together care packages of items like candles, bath salts and caramels with a personalized note. She ships the gift boxes
Ugur Sahin, CEO of BioNTech. Andreas Arnold | picture alliance | Getty Images LONDON — Daily life may return to normal by next winter, according to one of the creators of the highly-anticipated prospective coronavirus vaccine by Pfizer and BioNTech. Professor Ugur Sahin, co-founder and chief executive of BioNTech, also suggested the vaccine could halve
Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Luxury mall owner Taubman Centers has agreed to a lower price to merge with the biggest mall owner in America, Simon Property Group, the
Two of President-elect Joe Biden’s coronavirus advisors pushed back Friday on the idea of a national lockdown to suppress the coronavirus pandemic. “As a group, really the consensus is that we need a more nuanced approach,” said Dr. Celine Gounder, who sits on the panel and is an infectious disease specialist at the NYU Grossman
People wear protective face masks outside a McDonald’s location in New York City. Noam Galai | Getty Images McDonald’s will conduct coronavirus safety reviews of its restaurants in the next six weeks as health experts worry that Covid fatigue is contributing to the record high number of new cases in the U.S. The 7-day average
The Chevrolet Bolt EV is displayed during the Los Angeles Auto Show at the Los Angeles Convention Center on November 20, 2016 in Los Angeles, California. Josh Lefkowitz | Getty Images General Motors is recalling tens of thousands of all-electric Chevrolet Bolt EVs due to risk of fire. The Detroit automaker said Friday it is
A masked passenger is seen seated on a flight from San Francisco, California to Newark, New Jersey on October 27, 2020. Michael Loccisano | Getty Images The governors of California, Oregon and Washington issued a joint coronavirus travel advisory on Friday urging people arriving to their states to self-quarantine for 14 days and asking residents
President Donald Trump said Friday that the U.S. government would not deliver a coronavirus vaccine to New York if and when one is available. New York Gov. Andrew Cuomo “will have to let us know when he’s ready for it because otherwise, we can’t be delivering it to a state that won’t be giving it
Oregon Gov. Kate Brown speaks Tuesday, Nov. 10, 2020, in Portland, Ore. Cathy Cheney | Portland Business Journal | AP Oregon Gov. Kate Brown on Friday announced a “two-week freeze” on most activities and non-essential business across the state to curb what she described as an “alarming spike” in coronavirus cases and hospitalizations. The new
Jim Farley in 2017. Luke Macgregor | Bloomberg | Getty Images Ford Motor is “absolutely” interested in following Tesla and General Motors in producing its own batteries for electric vehicles, new CEO Jim Farley said Friday. The comments are a reversal from Farley’s predecessor, Jim Hackett, who told investors in July that the automaker saw
JetBlue planes at a gate at John F. Kennedy International Airport in New York. Mark Kauzlarich | Bloomberg | Getty Images Get ready to fight over the armrest again. JetBlue Airways on Thursday said it will sell all seats on its flights starting Jan. 8. It is the latest carrier to cite advanced filtration systems