Business

Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies at the House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Kevin Dietsch | Pool via Reuters White House coronavirus advisor Dr. Anthony Fauci said Wednesday that the number of daily coronavirus cases in the United

Grant Mohn of Las Vegas attempts to fry an egg in the parking area at Badwater Basin, the lowest point in North America at 279 feet below sea level, in Death Valley National Park, California, U.S. August 17, 2020. David Becker | Reuters As the world heats up, cities with heat-trapping asphalt and little tree

A United Airlines Boeing 737-800 and United Airlines A320 Airbus on seen approach to San Francisco International Airport, San Francisco. Louis Nastro | Reuters United Airlines on Wednesday said it is planning to cut more than 16,000 jobs as early as next month, after federal coronavirus aid that protects aviation jobs runs out. Those involuntary cuts,

Walmart + Scan and Go Source: Walmart Walmart+ won’t launch for two weeks, but Wall Street is reacting positively to the retailer’s forthcoming membership program and its perks. Now, investors and industry watchers will wait to see if customers sign up. The company’s shares closed up more than 6% on Tuesday.  Earlier in the day Walmart’s

Convalescent plasma from a recovered coronavirus disease (COVID-19) patient is seen at the Central Seattle Donor Center of Bloodworks Northwest during the outbreak in Seattle, Washington, April 17, 2020. Lindsey Wasson | Reuters A panel of experts convened by the National Institutes of Health said Tuesday there is “insufficient data” to show convalescent plasma works against

Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images The coronavirus pandemic is shining a light on U.S. department stores’ dependence on selling fashion and their lateness to adapt in today’s retail environment. Not only are a number filing for bankruptcy, but some, including the oldest in the nation, are liquidating

Medical staff attends to a patient suffering from the coronavirus disease (COVID-19) in the Intensive Care Unit (ICU), at Scripps Mercy Hospital in Chula Vista, California, May 12, 2020. Lucy Nicholson | Reuters Coronavirus cases are rising across more than half of the nation even as the outbreak slows across former hotspots in Arizona, Florida,

Peter Navarro, director of the National Trade Council, speaks to members of the media outside the White House in Washington, D.C., on Friday, Aug. 28, 2020. Stefani Reynolds | Sipa | Bloomberg | Getty Images A House oversight subcommittee has opened a probe of all federal contracts negotiated by White House trade advisor Peter Navarro after the

Dr. Nita Patel, Director of Antibody discovery and Vaccine development, lifts a vial with a potential coronavirus, COVID-19, vaccine at Novavax labs in Gaithersburg, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images American vaccine developer Novavax announced Monday that it’s

China on Monday announced that manufacturing activity expanded in the month of August as the country continued to recover from the coronavirus pandemic.  The official manufacturing Purchasing Manager’s Index (PMI) for the month of August came in at 51.0 as compared to 51.1 in July, according to the National Bureau of Statistics. However, the pace of expansion missed

A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey. Chris Helgren | Reuters It’s time to say goodbye to the $200 ticket-change fee. United Airlines on Sunday said that it will permanently scrap fees to change domestic flights, a big bet that more flexible

Commissioner of U.S. Food and Drug Administration Dr. Stephen M. Hahn speaks during a news conference about the latest coronavirus disease (COVID-19) developments, in the Brady Press Briefing Room of the White House in Washington, U.S. August 23, 2020. Erin Scott | Reuters The chief of the U.S. Food and Drug Administration is prepared to

Utz Brands CEO Dylan Lissette Source: Utz Brands Utz Quality Foods gained market share as consumers stockpiled its pretzels and potato chips for quarantine snacks at the start of coronavirus lockdowns, helped by its direct-store delivery model. “Our path from manufacturing to putting it on the shelf is very fast. It can literally happen in

While Lousiana appears to have avoided the worst projections for Hurricane Laura, the storm is disrupting the state’s coronavirus response at a particularly crucial time as schools reopen, state officials and epidemiologists said. Louisiana Gov. John Bel Edwards warned earlier this week that the storm would disrupt the state’s coronavirus response efforts. “The challenge is

People visit the M&M store in Times Square on July in New York City. Spencer Platt | Getty Images A former Mars executive is claiming that a member of the family and the company’s board “stamped” on his foot and told him that he would regret his choice to leave for a position with JAB

Gavin Newsom, governor of California. Rich Pedroncelli | AP | Bloomberg via Getty Images California Gov. Gavin Newsom announced on Friday a new framework for individual counties to reopen, outlining the possibility of non-essential indoor businesses and schools to return depending on the coronavirus’ spread in the area.  The state will adopt a four-tiered approach

CDC Director Dr. Robert Redfield testifies during a Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington, D.C. Kevin Dietsch | Reuters Whichever coronavirus vaccine candidates win regulatory approval in the U.S. will likely be in short supply once they are cleared for public distribution, Director of the Centers for

Dr. Scott Bauer normally treats veterans at the San Francisco Veterans Affairs Medical Center. But when the internist heard about an opportunity to volunteer at San Quentin State Prison during the coronavirus outbreak, he raised his hand.  San Quentin, a Bay Area-based prison for men and the oldest institution of its kind in California, has

For Walmart, a political tug of war over TikTok has become an opportunity to nab an app with a huge fan following. The company confirmed Thursday that it’s teaming up with Microsoft to buy the tech platform, which is owned by Beijing-based ByteDance. TikTok’s parent company is looking for a buyer after the U.S. government pushed

The Henry Ford II World Center, headquarters of the Ford Motor Company in Dearborn, Michigan. James Leynse | Corbis | Getty Images DETROIT — Ford Motor remains under federal investigation as part of a multi-year corruption probe into the United Auto Workers union, according to the lead prosecutor on the investigation. U.S. Attorney Matthew Schneider told CNBC that