A worker stocks shelves of back-to-school supplies at a Target store on August 03, 2020 in Colma, California. Justin Sullivan | Getty Images News | Getty Images As the back-to-school season kicked off, retailers across the U.S. stocked stores with fresh outfits, notebooks, glue sticks and kid-sized masks. So far, many say, those items have
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A woman holds a small bottle labeled with a “Vaccine COVID-19” sticker and a medical syringe in this illustration taken April 10, 2020. Dado Ruvic | Reuters The Centers for Disease Control and Prevention on Wednesday proposed guidelines for distributing a coronavirus vaccine in the United States if and when one is approved for public
Hurricane Laura, now a Category 4 storm, is barreling towards the coasts of Louisiana and Texas with winds of 140 miles per hour and the threat of an “unsurvivable” storm surge with large and destructive waves that “will cause catastrophic damage,” according to the National Hurricane Center. Laura’s storm surge could reach as high as 15 to
A nurse wears personal protective equipment (PPE) as she cares for a coronavirus COVID-19 patient in the intensive care unit (I.C.U.) at Regional Medical Center on May 21, 2020 in San Jose, California. Justin Sullivan | Getty Images It’s been almost eight months since Chinese scientists first identified the coronavirus and doctors are still discovering
Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic, and its online business suffered due to a shift in timing of its annual Anniversary Sale. The company said its stores, including its off-price Nordstrom Rack locations, were closed for
A General Motors employee works Dec. 13, 2019 at the automaker’s plant in Wentzville, Missouri. Photo by Melissa Vaeth for General Motors General Motors is using salaried employees to fill in for hourly union workers absent due to coronavirus to keep a Missouri truck plant operating. High rates of absenteeism at the company’s Wentzville Assembly plant in
The discussion around U.S. use of convalescent plasma as a Covid-19 treatment continued on Tuesday. Food and Drug Administration Commissioner Dr. Stephen Hahn acknowledged late Monday that criticism of his comments about the benefits of the treatment are “entirely justified.” Hahn, at a press conference with President Donald Trump, said that of 100 Covid-19 patients, “35
Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. Michael A. McCoy | Getty Images Delta Air Lines will furlough 1,941 of its pilots in October unless it can reach a cost-cutting agreement with the employees’ labor union, the airline said Monday. U.S. airlines
Getty Images As the second quarter kicked off, consumers had some cash to burn. They had refunds from canceled summer plans and money they would typically spend out to dinner or at the movies, not to mention extra funds from government stimulus checks. Yet many decided to skip the mall. Instead, they bought computers, home
Scientists are expressing some doubts about the Food and Drug Administration’s emergency use authorization for convalescent plasma as a treatment for Covid-19 patients. In a Sunday news briefing, President Donald Trump touted the treatment as a “breakthrough.” Former FDA chief Dr. Scott Gottlieb told CNBC that while there was enough data to justify the authorization, the
Patrick Hamilton | Bloomberg | Getty Images Rio Tinto said on Monday it will cut the short-term bonuses of its chief executive Jean-Sébastien Jacques and two other senior executives following a review of the company’s destruction of two ancient caves in Australia. The world’s biggest iron ore miner stopped short of firing any of its
Parts of the cyclical trade could be prime for a comeback, says Wilmington Trust’s Meghan Shue. With stocks closing at all-time highs after a record-making week, the narrow leadership from growth stocks may be an indicator of what’s to come, the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday. “A lot of
The Robert F. Kennedy Memorial Stadium is seen in this aerial photograph taken above Washington, D.C., Nov. 4, 2019. Al Drago | Bloomberg | Getty Images Jason Wright, the new president of Washington’s football team, will start his role Monday with his initial business strategies in place as he aims to fix the club’s damaged
On film studio set close up shot of empty director’s chair. gorodenkoff | iStock | Getty Images Solstice Studios was supposed to begin filming its newest feature starring Ben Affleck in Los Angeles back in April. While the film’s production was halted by the coronavirus, it’s the lack of widely available testing that will keep it
Shannon Axelsson takes a break from sitting on the beach to be tested for the coronavirus disease (COVID-19) in Revere, Massachusetts, August 11, 2020. Brian Snyder | Reuters New coronavirus cases in the U.S. grew by nearly 48,700 on Friday, marking seven consecutive days the daily count fell below 50,000 as the nation gradually descends
Robert O’Neill speaks during book signing and lecture at Richard Nixon Library on July 26, 2017, in Yorba Linda, California. Phillip Faraone | Getty Images A former Navy SEAL who said he killed Osama bin Laden was banned by Delta Air Lines this week for not wearing a face mask on a flight, according to a person
Robert Redfield, director of the Centers for Disease Control and Prevention (CDC), speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Erin Scott | Pool | Reuters The U.S. could get the coronavirus pandemic under control if most Americans wear masks, embrace social distancing and practice good
Lisa Taylor receives a COVID-19 vaccination from RN Jose Muniz as she takes part in a vaccine study at Research Centers of America on August 07, 2020 in Hollywood, Florida. Joe Raedle | Getty Images The World Health Organization said Friday that a vaccine will be a “vital tool” in the global fight against the
A pedestrian wearing a protective mask walks near a temporarily closed New York & Co. store in Silver Spring, Maryland, U.S., on Friday, June 5, 2020. Andrew Harrer | Bloomberg | Getty Images Over a two-week span in early July, seven retailers, including The Paper Store, Brooks Brothers and Lucky Brand, filed for bankruptcy protection. J.Crew, Neiman
National Development and Reform Committee announced that we are ready to launch iron ore futures in Beijing, China. TPG | Getty Images Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic. Spot iron ore prices rose to around $130