Business

A worker passes a line of freezers holding coronavirus disease (COVID-19) vaccine candidate BNT162b2 at a Pfizer facility in Puurs, Belgium in an undated photograph. Pfizer | via Reuters Texas is preparing to start administering the first Covid-19 immunization shots in less than three weeks — as soon as the U.S. Food and Drug Administration

Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images The possiblity that Abercrombie & Fitch will face additional rounds of temporary store closures due to rising Covid-19 cases sent the retailer’s shares down Tuesday, despite it reporting an earnings beat, as investors

Dick’s Sporting Goods on Tuesday announced its current president, Lauren Hobart, is set to succeed Ed Stack as chief executive on Feb. 1. Stack, 65, will transition to executive chairman and remain chief merchant, the company said in a news release. He took over the business from his dad in 1984, when he was then

An employee bags a customer’s purchases at a Kroger store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images For some grocery workers who stock shelves and check out customers, the past few weeks have felt like deja vu. Hand sanitizer and masks are in short supply. Some customers shop without wearing a mask.

President Donald Trump delivers remarks at American Center for Mobility in Ypsilanti, Michigan with General Motors CEO Mary Barra and other auto industry executives on March 15, 2017.  Nicolas Kamm | AFP | Getty Images General Motors is withdrawing from litigation led by the Trump administration against California over the state’s right to set its

A customer pushes a shopping cart containing stuffed toys at a Target Corp. store in the Queens borough of New York, U.S, on Thursday, Nov. 28, 2019. Bess Adler | Bloomberg | Getty Images On Thanksgiving Day, eager bargain hunters usually head to the store and shoulder their way through crowded aisles to get a

Operation Warp Speed chief advisor Dr. Moncef Slaoui has had “no contact” with the incoming Biden administration regarding the transition process and vaccine distribution plans. Since President-elect Joe Biden won the election, President Donald Trump has refused to concede and his campaign has challenged the results of the election in court. Despite his lack of communication with the

Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Some retailers are betting that lip glosses, eye shadow palettes and facial scrubs will be the next big thing to drive customers, especially younger

View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images The Food and Drug Administration on Saturday granted an emergency use authorization for Regeneron‘s Covid-19 antibody treatment, the experimental therapy given to President Donald Trump when he

The 2020 election. Unrest in the streets. A crippling pandemic. This trifecta of events made people worry about the future of America. And when people are worried in America, they buy guns. Gun sales in 2020 have surged, and the market for gun parts and ammunition has gone up with it. Federal background checks have

Medical workers wearing personal protective equipment (PPE) administer Covid-19 tests at a drive-thru testing site at the Alemany Farmers Market in San Francisco, California, U.S., on Thursday, Nov. 19, 2020. David Paul Morris | Bloomberg | Getty Images The United States reported 187,833 new Covid-19 cases on Thursday, yet another record-breaking daily total as U.S.

When the coronavirus pandemic hit, many Americans not only switched to working remotely and cooking more meals. They began checking off tasks on the “to do list,” from painting walls to replacing old appliances. Home Depot and Lowe’s reported that appetite for home improvement continued in the third quarter, as consumers invested in one of

WILMINGTON, DE – NOVEMBER 19: President-elect Joe Biden answers a reporter question after he delivered remarks at the Queen in Wilmington, Delaware on Thursday, Nov. 19, 2020. (Photo by Salwan Georges/The Washington Post via Getty Images) The Washington Post | The Washington Post | Getty Images President-elect Joe Biden will reenter the U.S. into the

Vials of coronavirus disease (COVID-19) vaccine candidate BNT162b2 are sorted at a Pfizer facility in Puurs, Belgium in an undated still image from video. Pfizer | Reuters Five federal agencies have started telling employees they could receive Pfizer or Moderna’s Covid-19 vaccine in as little as eight weeks as the U.S. prepares to distribute the

The Department of Health and Human Services has launched a pilot program with five states to introduce the rapid, point-of-care Covid-19 test, using the same diagnostics the National Basketball Association employed to finish its season, the agency announced Thursday. The pilot program — adopted by Florida, Louisiana, New Jersey, Texas and Alaska — is expected

General Motors has no plans at this time to spin off its electric vehicle business despite pressure from Wall Street to do so, GM President Mark Reuss told CNBC. Reuss said the Detroit automaker analyzed the potential of a spinoff and determined it would not be the right thing for its business, citing costs as

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

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