A worker moves a box of Sysco Corp. plastic bowls at the company’s distribution facility in Des Plaines, Illinois Daniel Acker | Bloomberg | Getty Images Regalis Foods imports truffles, mushrooms, exotic seafoods and other pricey foods for high-end New York restaurants. Two weeks ago, sales were up 60% from a year ago. Then, 99%
Business
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon announced Thursday fiscal fourth-quarter results that topped expectations, as its same-store sales surged 20% during the period, thanks, in part, to
General Motors told about 69,000 salaried employees globally on Thursday that it will temporarily cut 20% of their salaries as the automaker attempts to save cash amid the coronavirus pandemic. The deferment, which will begin April 1, will be repaid in a lump sum with interest no later than March 15, 2021, according to the
People line up to get a test at Elmhurst Hospital due to coronavirus outbreak on March 24, 2020 in Queens, New York, United States. There are now more than 35,000 cases of COVID-19 in the United States as governments scramble to contain the spread. Eduardo Munoz Alvarez | Getty Images Hopes for a coronavirus treatment
Americans who are stuck in their homes during the coronavirus pandemic aren’t just video-conferencing and binge-watching TV. Lowe’s CEO Marvin Ellison said they’re also replacing appliances and doing DIY projects. In an interview with CNBC on Wednesday, Ellison said the home improvement retailer has seen an increase across nearly every store category as customers not
A man steps out of a McDonalds restaurant with sign announcing take-out service only in Hollywood, California on March 16, 2020 as the Coronavirus pandemic brings much of California to a standstill. Frederic J. Brown | AFP | Getty Images McDonald’s is pulling its all-day breakfast menu to simplify operations as the coronavirus pandemic strains
A man wearing a protective mask is seen on a subway platform on March 9, 2020 in New York City. Jeenah Moon | Getty Images Almost half of New York City’s coronavirus cases are under 45 years old, but an overwhelming majority of those patients are surviving — accounting for just 3% of the city’s
CVS Health Chief Executive Larry Merlo said a lack of personal protective equipment has slowed the widespread rollout of its drive-thru tests for the coronavirus and limited the number of tests that sites are able to do. In an interview on “Closing Bell,” he said CVS is working closely with Walmart, Walgreens and Target to make
Los Angeles County Public Health director Barbara Ferrer. Robyn Beck | AFP | Getty Images A child under 18 has died from the coronavirus in California, Los Angeles County health officials announced Tuesday. “Tragically, one of the people who died was a person under the age of 18, a devastating reminder that COVID-19 infects people
From delivering pizzas and prescriptions to packing up boxes with online purchases, Walmart, Amazon, CVS Health, Domino’s and other companies are racing to keep up with customer demand as coronavirus cases rise across the U.S. Now, those companies face a new challenge: How to hire and train thousands of employees during a global pandemic. The
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on Friday, March 20, 2020. Gabby Jones | Bloomberg via Getty Images Nordstrom said Monday that it is suspending its dividend, halting share buybacks and has drawn down $800 million on its revolving credit facility, in the midst of the
Officers in protective gear enter the cruise ship Diamond Princess, where 10 more people were tested positive for coronavirus on Thursday, to transfer a patient to the hospital after the ship arrived at Daikoku Pier Cruise Terminal in Yokohama, south of Tokyo, Japan February 7, 2020. Kim Kyung-Hoon | Reuters The coronavirus survived for up
Governor Charlie Baker holds a press conference on the state’s efforts in dealing with the coronavirus at the Massachusetts State House in Boston on March 17, 2020. Matthew J. Lee | Boston Globe | Getty Images A growing list of states is ordering residents stay at home during the coronavirus crisis, as COVID-19 takes hold
Dr. Sonia Macieiewski samples proteins at Novavax labs in Rockville, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images The number of people who have tested positive for the deadly coronavirus, or COVID-19, has topped 300,000 as the pandemic continues to
This is a live blog. Please check back for updates. Global cases: More than 305,234 Global deaths: At least 13,000 The data above is from Johns Hopkins University. All times below are in Beijing time. 10:20 am: India begins 14-hour curfew India started a 14-hour curfew as part of the efforts to contain the coronavirus
Two JetBlue planes sit at the John F. Kennedy Airport in New York on March 13, 2020. in New York City. President Donald Trump cancels all flights between Europe and the United States this Friday, due to the expansion of the Covic-19. Pablo Monslave | Getty Images Flights into major New York City-area airports were
German brands such as Mercedes-Benz, BMW, and Audi built their reputations on being purveyors of precise engineering cars, luxurious interiors, cutting-edge technology, and above all, pretty high sticker prices. But increasingly, they are selling cars with prices that are quite average. In their quest to grow volumes and reach a broader chunk of the new
Medical workers and other officials gather outside of the Brooklyn Hospital Center where testing for the coronavirus has started on March 19, 2020 in the Brooklyn borough of New York City. Spencer Platt | Getty Images This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in
Jeremy Kennedy, a Ford employee, secures the engine and transmission to the subframe of a new 2020 Explorer at Chicago Assembly Plant. Ford As the coronavirus spreads across the globe, shuttered auto plants in Europe, North America and Latin America could reduce global production this year by more than 1.4 million vehicles, according to new
Delta’s first Airbus A350 in Atlanta. Leslie Josephs | CNBC Delta Air Lines CEO warned Friday that the airline’s second-quarter revenue will be down 80% — or $10 billion — from the same quarter a year ago because of coronavirus. Executives say demand has collapsed because of the illness, forcing them to encourage workers to take unpaid leave.