Business

As the global death of Covid-19 nears 400,000, U.S. health officials are keeping a close eye on caseloads and hospitalization rates as states continue to relax their lockdown measures and reopen different types of businesses. U.S. cases have been climbing since Memorial Day, but New York City this week reached an optimistic milestone: on Friday,
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Dr. Robert Redfield, Director of the Centers for Disease Control and Prevention, speaks during the daily briefing of the White House Coronavirus Task Force, at the White House April 17, 2020 in Washington, DC. Alex Wong | Getty Images CDC Director Robert Redfield said Thursday that he’s “very concerned” the agency’s public health message on the
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Mary Barra, Chairman and CEO of General Motors. Bill Pugliano | Getty Images General Motors expects its North American vehicle production to return to near pre-coronavirus levels by the end of June, Chairman and CEO Mary Barra said Wednesday. The Detroit automaker has worked aggressively to restart its operations, particularly those that produce pickup trucks, since restarting
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As states across the country reopen their economies, the restaurant industry is showing signs of recovery after stay-at-home orders and social distancing measures caused sales to crater.  The NPD Group, which tracks transactions for 70 quick-service, fast-casual and full-service restaurant chains, found that transactions declined just 18% during the week ended May 24. Restaurant transactions hit
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CFOs of major corporations around the globe are increasingly certain of a negative coronavirus impact on their business in 2020. iStock/ Getty Images Plus / MicroStockHub Nearly half (48.8%) of leading chief financial officers surveyed in the latest CNBC Global CFO Council Survey say the Covid-19 pandemic will have a “negative” impact on their companies
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Workers make toys at a plastic product factory in Zhangjiajie, central China’s Hunan Province, May 27, 2020. Xue Yuge | Xinhua News Agency | Getty Images A private survey showed manufacturing activity in China expanded for the month of May. The Caixin/Markit Manufacturing Purchasing Manager’s Index came in at 50.7 for May. PMI readings above 50 indicate expansion, while
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Walt Disney World Getty Images | Dan Anderson Walt Disney World received approval from the state of Florida to reopen its four Orlando-based theme parks starting July 11. Magic Kingdom and Animal Kingdom will open first, on July 11. Then, Epcot and Hollywood Studios will follow on July 15. Disney submitted its reopening plans on
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