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
Business
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
Grocery shoppers are trading canned goods and bags of dried beans for specialty chocolate and gourmet pasta sauce as coronavirus cases rise across the country, new research shows. In the early months of the pandemic, in the spring, Americans filled up their grocery carts with bulk purchases of food and household staples, and grocers raced
U.S. President Donald Trump looks over at reporters and photographers as the president departs Walter Reed National Military Medical Center after a fourth day of treatment for the coronavirus disease (COVID-19) to return to the White House in Washington from the hospital in Bethesda, Maryland, U.S., October 5, 2020. Jonathan Ernst | Reuters When President
Former Aetna CEO Mark Bertolini told CNBC on Wednesday that the flaws in the Affordable Care Act can be fixed without totally getting rid of the law. “To tear … this very important program out now, in the midst of this pandemic and huge unemployment, would be huge mistake,” Bertolini said on “Squawk on the Street.”
Dr. Michael Osterholm, Regents Professor, McKnight Presidential Endowed Chair in Public Health, and director of the Center for Infectious Disease Research and Policy at the University of Minnesota, announced advances for COVID-19 testing in Minnesota, Wednesday, April 22, 2020 in St. Paul, MN. Glen Stubbe | Star Tribune | Getty Images Shutting down businesses and
Medical staff members check on a patient at the COVID-19 Intensive Care Unit (ICU) of United Memorial Medical Center in Houston, Texas, U.S., on Sunday, Nov. 8, 2020. Go Nakamura | Bloomberg | Getty Images There’s been an “unprecedented spike” in Covid-19 hospital admissions in Ohio. ICU beds in Tulsa, Oklahoma, are full. North Dakota’s
Ocean Spray’s cranberries are now being used for more than juice and the jellied cranberry sauce to accompany Thanksgiving turkey. The company, under the leadership of CEO Tom Hayes, is now pushing into wellness and functional beverages as it broadens its innovation. “Any brand marketer will know that having the huge benefit of a the
High-flying automotive executive turned international fugitive Carlos Ghosn believes the coronavirus pandemic will accelerate consolidation of the global automotive industry, including his former employer Nissan Motor. In a rare interview following his daring escape to Lebanon from Japan on Dec. 29, the former Nissan chairman said the industry will continue to struggle even after a
McDonald’s CEO Chris Kempczinski told CNBC he hopes President-elect Joe Biden will tackle some of the country’s biggest problems, including the fallout from the coronavirus pandemic. “We need a stimulus measure, I think that is very clear,” he told CNBC’s Carl Quintanilla in an interviewed that aired Tuesday on “Squawk on the Street.” Democrats and
Ethan Brown, founder, president and CEO of Beyond Meat. Adam Jeffery | CNBC Shares of Beyond Meat cratered as much as 28% Monday in after-hours trading following the release of disappointing third-quarter results, capping off a frenzied day of trading for the volatile stock. McDonald’s announcement of a plant-based line called “McPlant” sparked confusion among
Florida, Port of Miami, Row of cruise ships docked, non-essential business due to Coronavirus. Jeff Greenberg | Universal Images Group | Getty Images Throughout the coronavirus pandemic, travel executives have been pinning their hopes on a Covid-19 vaccine saving their industry, which has suffered from the fallout of the health crisis. Following news Monday of
McDonald’s incoming U.S. President Chris Kempczinski speaks during a press conference in New York November 17, 2016. Shannon Stapleton | Reuters McDonald’s said Monday it’s expecting mid-single digit sales growth in 2021 and 2022 as the fast-food giant plots its recovery from the coronavirus pandemic. Its strategy to drive sales growth includes more collaborations with
General Motors unveiled the 2022 GMC Hummer EV sport utility truck, or SUT, online and during national television broadcasts on Oct. 20, 2020. GM General Motors developed the 2022 GMC Hummer EV in rapid time with help of virtual reality, an increasing trend for the automotive industry before and during the coronavirus pandemic. GM CEO
McDonald’s U.S President Chris Kempczinski speaks about fresh beef expansion at a McDonald’s event in Oak Brook, Illinois, United States March 5, 2018. Richa Naidu | Reuters McDonald’s swift recovery from the coronavirus pandemic has prompted investors to ask how the fast-food giant plans to keep fueling sales growth. The company is scheduled to answer
Ocean Spray Sometimes a twist of fate can change a company’s trajectory or provide the rocket fuel it needs to shift to a new paradigm. Just ask Tom Hayes, the new CEO of Ocean Spray, a 90-year-old agricultural cooperative of some 700 small family farmers throughout North and South America. He found out firsthand how
Democratic U.S. presidential nominee Joe Biden smiles as he takes off his mask to speak about the voting results of the 2020 U.S. presidential election during an appearance in Wilmington, Delaware, U.S., November 4, 2020. Kevin Lemarque | Reuters President-elect Joe Biden is expected on Monday to announce the members of his coronavirus task force,
Wall Street took a breather on Friday after powering through four straight days of gains in a week that was defined by an unsettled presidential election. With returns pointing toward a potential Joe Biden victory, CNBC’s Jim Cramer expects a winner to be announced by the start of the workweek. After a relatively sedate day
Softbank-backed delivery startup goPuff on Thursday said it will acquire alcoholic beverage chain BevMo! for $350 million, paving the way for the company to enter the California market. The agreement also means goPuff, which currently provides on-demand delivery of household goods in 500 cities, will significantly expand its infrastructure with the addition of BevMo!’s 161