Business

Coca-Cola CEO James Quincey delivered a grim forecast for the global economy’s recovery from the impact of the coronavirus pandemic on Wednesday.  “The economic impact of the lockdown is just starting to begin,” Quincey said on CNBC’s “Squawk Box.” In the United States, more than 36 million Americans have applied for unemployment benefits since the coronavirus

Heavy hearts soared Monday with news that Moderna’s Covid-19 vaccine candidate — the frontrunner in the American market — seemed to be generating an immune response in Phase 1 trial subjects. The company’s stock valuation also surged, hitting $29 billion, an astonishing feat for a company that currently sells zero products. But was there good

Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York. Lucas Jackson | Reuters Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as the company faced mounting lawsuits that said it caused cancer and demand fell. J&J attributed the decline

Ground operations employees load baggage onto a Southwest Airlines Boeing 737 aircraft on the tarmac at John Wayne Airport (SNA) in Santa Ana, California. Patrick T. Fallon | Bloomberg | Getty Images Southwest Airlines said Tuesday that new bookings are outpacing cancellations, a turning point in the pandemic that has devastated air travel demand. The Dallas-based

U.S. President Donald Trump speaks during an event at the White House in Washington, D.C., U.S., on Friday, May 15, 2020. Stefani Reynolds | Bloomberg | Getty Images President Donald Trump said Monday that he has been taking anti-malaria drug hydroxychloroquine for over a week to prevent coronavirus infection even though it is not yet

BSIP | Universal Images Group | Getty Images Routine vaccinations for young children in the United States fell during the first half of this year as more Americans skipped routine doctor visits and stayed home due to the coronavirus pandemic, according to a report published Monday by the Centers for Disease Control and Prevention. The

Moderna‘s closely watched early-stage human trial for a coronavirus vaccine produced Covid-19 antibodies in all 45 participants, the biotech company announced Monday, sending the company’s shares surging as much as 30% in premarket trading. Each participant received a 25 microgram, 100 mcg or 250 mcg dose, with 15 people in each dose group. Study participants received

Home-buying demand is starting to come back. The number of customers reaching out to real estate agents was 5.5% higher in the week ended May 10 than it was prepandemic, according to new data from Redfin. The real estate firm also said new listings have increased every week for the past month.  Also, the number

A food delivery courier for Grubhub Inc. wears a protective mask in New York, U.S., on Monday, April 6, 2020. Jeenah Moon | Bloomberg | Getty Images With the survival of many independent restaurants hanging in the balance, lawmakers are stepping in to limit how much third-party delivery companies like DoorDash and Grubhub can charge

Rachel Ford Hutman is embracing a more natural style a few months into the pandemic Source: Rachel Ford Hutman Rachel Ford Hutman, a California blonde for years, is now embracing a more natural look. After shelter-in-place was declared in San Diego to stem the spread of Covid-19, she tried to use a coloring spray to

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