Business

Does the world of retail really need J.C. Penney?  As the department store chain filed for bankruptcy protection Friday evening, some question if the company still has a place in American retail. Or if it could ever bounce back from the fatal blow it has been dealt during the coronavirus pandemic, which forced its roughly 850 stores

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 4.56 million Global deaths: At least 308,000 U.S. cases: More than 1.44 million U.S. deaths: At least 87,500

BMW Series 3 cars made in Mexico ready for export. Meghan Reeder | CNBC Automakers and suppliers will be allowed to resume production in Mexico as early as next week as long as safety protocols are implemented to protect workers from Covid-19, according to updated guidelines released Friday by the Mexican government. The update is

The city is beginning to prepare for a long hot summer with closed beaches and residents remaining locked inside under stay-at-home orders, New York City Mayor Bill de Blasio said Friday, warning that this summer will be very different from years past.  Barbecues, picnics, ball games and days at the beach or by the pool, all

Kids in a queue while wearing face masks during the food distribution amid Coronavirus COVID 19. Ajay Kumar | SOPA Images | Getty Images Doctors and world leaders need “to be on the alert” for cases of a rare inflammatory disease in children that may be linked to the coronavirus, the World Health Organization said

J.C. Penney is planning to file for bankruptcy in the next day, people familiar with the matter tell CNBC.  Its advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning, they said. They cautioned there is still a chance that final negotiations between the retailer and its lenders

Hogwarts is seen in “Wizarding World of Harry Potter” theme park at Universal Studios Hollywood, in Los Angeles, USA on April 6, 2016. Anadolu Agency Theme parks are designed to have crowds.  That’s the crux of the issues that theme parks big and small are facing in the wake of the coronavirus pandemic, said Bill

Rick Bright arrives to testify before the House Energy and Commerce Subcommittee on Health on May 14, 2019, in Washington, DC. Greg Nash | AFP | Getty Images Dr. Rick Bright said he’ll never forget the moment when he realized the coronavirus pandemic wreaking havoc in Asia would also become a crisis in the U.S.

World Health Organization (WHO) Chief scientist Soumya Swaminathan on January 12, 2020 in Geneva. FABRICE COFFRINI | AFP via Getty Images The coronavirus pandemic may continue into the latter half of the decade, a senior global health official has warned, as the death toll of the virus approaches the grim milestone of 300,000. Dr. Soumya

Investors and health officials appear to grow increasingly worried about a potential second wave of Covid-19 cases and further economic downtown, as states and foreign governments move ahead with lifting restrictions. Stocks sold off on Tuesday, with the Dow shedding roughly 400 points in the final hour of trading and the Nasdaq Composite and S&P

Rick Bright, deputy assistant secretary for preparedness and response for Health and Human Services (HHS), speaks during a House Oversight and Investigations Subcommittee hearing in Washington, D.C., on Thursday, March 8, 2018. Toya Sarno Jordan | Bloomberg via Getty Images Covid-19 has the potential to eclipse the 1918 flu pandemic that killed more than 50

A man walks past Broadway show posters on Shubert Alley in Times Square after it was announced that Broadway shows will cancel performances due to the coronavirus outbreak in New York, U.S., March 12, 2020. Mike Segar | Reuters The Great White Way will remain closed through Labor Day. On Tuesday, The Broadway League, a trade

Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. David Ryder | Getty Images Boeing said Tuesday that customers canceled 108 more orders for 737 Max jetliners in April, further whittling down the company’s backlog of planes as it faces the devastating impact

Republican Sen. Rand Paul challenged one of the Trump administration’s top health advisors on the coronavirus pandemic, questioning why the U.S. shouldn’t reopen schools in the fall when relatively few children die from Covid-19.  “Shouldn’t we at least be discussing what the mortality of children is?” Paul asked White House coronavirus task force advisor Dr.

The biggest U.S. mall owner, Simon Property Group, said Monday that it plans to have roughly 50% of its properties reopened again within the next week, as states begin to loosen their lockdown restrictions during the coronavirus pandemic.  It made the announcement as it reported quarterly earnings, where Simon’s quarterly profits fell 20.2% during the first

Many recovered Covid-19 patients are reporting a longer road to “full health” than expected and some appear to have relapsed, the World Health Organization said Monday. Researchers around the world are still trying to understand exactly how the coronavirus affects the human body. WHO officials say they are working with governments and hospitals around the

Several countries that have lifted coronavirus restrictions and reopened businesses, including China, have seen jumps in coronavirus cases, underscoring the “challenges that may lie ahead,” the World Health Organization warned Monday. “In the Republic of Korea, bars and clubs were shut as a confirmed case led to many contacts being traced,” WHO Director-General Tedros Adhanom Ghebreyesus

Prime Minister Boris Johnson speaks in Downing Street as he returns to work following his recovery from Covid-19 on April 27, 2020 in London, England. Chris J Ratcliffe | Getty Images The U.K. government has taken its first tentative steps to ease some strict coronavirus lockdown measures and slowly begin to reopen society and the

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Prime Minister Boris Johnson outlined a “conditional” plan to reopen his country’s economy, but said there would be no immediate end to

A view of a store front with sign Out of Business in Soho area New York City USA during coronavirus pandemic on April 27, 2820. John Nacion | NurPhoto | Getty Images The U.S. economy was slowing last year, but many companies entered 2020 with reasons to be optimistic and expansion plans to match. Hotel