Business

A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images American Airlines and Southwest Airlines on Thursday posted quarterly losses and their CEOs warned about slipping demand as coronavirus cases rise in many

United Auto Workers members leave the Fiat Chrysler Automobiles Warren Truck Plant after the first work shift, Monday, May 18, 2020, in Warren, Mich. Paul Sancya | AP Ford Motor and Fiat Chrysler are hiring temp workers and General Motors is restructuring shifts at an assembly plant in Missouri as the auto industry battles to keep factories running

Walmart Health Source: Walmart Walmart will open at least six additional Walmart Health clinics in the greater Atlanta area by the end of 2020, the retail giant confirmed to CNBC. The news comes on the heels of its announcement this week that it will enter the Florida market next year, starting with the Jacksonville area. And

Southwest airline planes sit on the tarmac at Fort Lauderdale–Hollywood International Airport on February 20, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Southwest Airlines said Thursday it lost $915 million in the second quarter compared with $741 million in net income a year earlier and warned travel demand will likely remain depressed until

Maxime Arnulf is due to start the MBA program at HEC Paris in August. In the wake of the pandemic, an uncertain jobs market and cheap loans are among the reasons why some young professionals have been convinced to do a masters of business administration (MBA).  After working in Dubai for multinational technology and engineering

An empty parking lot is shown at a closed JC Penney store in Roseville, Mich., May 8, 2020. Paul Sancya | AP Ross Allen-McCabe worked for six years at J.C. Penney. Now, he’s out of a job after the department store filed for bankruptcy and has so far let go hundreds at its headquarters in Plano,

United Airlines CEO Scott Kirby on Wednesday said he expects airfares to slip as the pandemic continues to depress demand for flights. “My guess is that pricing is going to go lower for the short-term,” Kirby told CNBC’s “Squawk Box.” All of the normal pricing metrics … in this pandemic are a little bit irrelevant.” The

The sun sets below the Manhattan Bridge on July 20, 2020 in New York City . Gary Hershorn | Corbis News | Getty Images New York Gov. Andrew Cuomo, New Jersey Gov. Phil Murphy and Connecticut Gov. Ned Lamont added ten more states to their travel restrictions list Tuesday, now requiring people from 31 states to

A United Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images United Airlines posted a $1.63 billion net loss for the second quarter, driven by a plunge in air travel demand because of the coronavirus pandemic, the carrier said Tuesday. Revenue fell more than 87% from a year earlier to $1.48 billion from a

A Jos. A. Bank store window Source: Getty Images The parent company of Men’s Warehouse announced a round of layoffs and hundreds of looming store closures Tuesday, as its business suffers a blow from the coronavirus pandemic.  Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second

With Arkansas’ statewide mask mandate from Gov. Asa Hutchinson taking effect Monday, more than half of the United States now has statewide mask mandates to help curb the spread of the coronavirus, an analysis of statewide policies from CNBC shows. Twenty-eight states have statewide orders requiring face coverings in public. Masks are recommended by both

The World Health Organization on Monday applauded newly published data by researchers at Oxford University and AstraZeneca on a potential coronavirus vaccine but cautioned that it’s still early and further evidence of its effectiveness is needed.  “It is good news,” Dr. Mike Ryan, executive director of the WHO’s emergencies program, said at a press conference at the organization’s

British pharmaceutical company Synairgen has claimed that its new respiratory coronavirus treatment has reduced the number of hospitalized Covid-19 patients needing intensive care in a clinical trial. The company said its nebulizer treatment produced a 79% lower risk of patients developing severe disease than those given a placebo in initial trials, and patients that received

As the coronavirus pandemic upends the restaurant industry, some chains that were already struggling financially have been pushed into bankruptcy.  Trade groups estimate that up to 30% of restaurants could permanently close because of the pandemic. While independent restaurants are more at risk, dining room closures and consumers eating more at home has also strained

Aventura Mall atrium. Jeffrey Greenberg | Universal Images Group via Getty Images Dozens of retailers, some of them the lifeblood of America’s shopping malls, have been pushed to the brink and filed for bankruptcy during the coronavirus pandemic.  Apparel brands like J.Crew, Brooks Brothers and New York & Co. parent company RTW Retailwinds. Department store chains Neiman

US President Donald Trump holds up swabs as he speaks during a Coronavirus Task Force press briefing at the White House in Washington, DC, on April 19, 2020. Jim Watson | AFP | Getty Images The White House is trying to block billions of dollars for coronavirus testing and contact tracing in the upcoming stimulus

Dr Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases testifies during a Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington, U.S. Kevin Dietsch | Reuters White House health advisory Dr. Anthony Fauci said Friday that the coronavirus has hit the U.S. “very severely” and the

A pilot talks on a mobile device near a Delta Air Lines gate at the Salt Lake City International Airport. George Frey | Bloomberg | Getty Images Delta Air Lines is seeking to reduce the guaranteed minimum pay for pilots, a proposal an airline executive said Friday could avoid furloughs for a year as the threat

Zoe looks for a little handout from diners on Grant Street in a makeshift outdoor dining area bounded by steel barricades in San Francisco, Calif., on Tuesday, June 16, 2020. Carlos Avila Gonzalez | The San Francisco Chronicle via Getty Images San Francisco Mayor London Breed announced Friday that the city will pause its reopening

People play in the spray from the fire hydrant. At the 3rd and Spruce Recreation Center in Reading Wednesday afternoon June 24, 2020 for the first Wacky Water Wednesday. Ben Hasty | Reading Eagle | Getty Images An intensifying heat dome is bringing sweltering heat to the U.S. this summer, with nearly 90% of the