A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images Following a rush for groceries and cleaning supplies, more Americans are looking to crack open a book. As people remain sheltered in their homes due to the coronavirus outbreak, online shopping has surged as
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Pedestrians pass by a J.C. Penney sign in New York. Scott Mlyn | CNBC America’s department stores are on a sinking ship, racing for a lifeboat that might not be big enough for all of them. For J.C. Penney, the bankruptcy clock is ticking after it skipped a mid-April interest payment. Its turnaround plans have been sidelined
People wearing masks and gloves wait to enter a Walmart on April 17, 2020 in Uniondale, New York. Al Bello Walmart and Sam’s Club will require their approximately 1.5 million U.S.-based associates to wear masks or other face coverings beginning on Monday, according to a memo sent by the CEOs of Walmart U.S. and Sam’s
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 2,259,317 Global deaths: At least 154,694 US cases: More than 706,779 US deaths: At least 37,079 The data above was compiled by
World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus attends a daily press briefing on COVID-19, the disease caused by the novel coronavirus, at the WHO heardquaters in Geneva on March 11, 2020. Fabrice Coffrini | AFP | Getty Images The World Health Organization issued a warning Friday about coronavirus testing, saying there’s no evidence serological
A do not walk sign stands in front of a closed Macy’s Inc. store in Arlington, Virginia, U.S., on Tuesday, March 31, 2020. Andrew Harrer | Bloomberg | Getty Images Macy’s is looking for ways to use its real estate during the coronavirus pandemic to come up with cash, according to a Bloomberg report. The department
A man wearing a face mask walks across the street in San Francisco. San Francisco Mayor London Breed announced a new health order Friday requiring city residents and workers to wear face coverings at essential businesses and on public transportation. The order goes into effect at 11:59 p.m. on Friday, but will not be enforced
Frontier Airlines planes stand at gates on the A Concourse at Denver International Airport in Denver. David Zalubowski | AP More government aid and health checks for travelers will be needed to get the airline industry through the coronavirus crisis, according to longtime discount-airline investor Bill Franke. Air travel in the U.S. has plummeted by more than
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images Boeing is planning to resume commercial aircraft production at its Seattle-area factories as early as Monday with new physical distancing measures aimed at preventing the spread of Covid-19. The company had suspended production at those factories three weeks
A Gilead Sciences office is shown in Foster City, California, U.S. May 1, 2018. Stephen Lam | Reuters Gilead Sciences shares surged by more than 15% in after-hours trading Thursday after details leaked of a closely watched clinical trial of the company’s antiviral drug Remdesivir appeared to show promising results in treating Covid-19. The University
Getty Images Sales of new vehicles to U.S. consumers declined less than expected at the beginning April despite the coronavirus outbreak and state orders keeping most dealer showrooms closed across the country, according to J.D. Power. After U.S. auto plants closed and most states enacted “stay-at-home” or “shelter-in-place” orders last month, J.D. Power expected year-over-year sales
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 1,996,600 Global deaths: At least 127,590 US cases: More than 609,600 US deaths: At least 26,059 The data
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond reported Wednesday fiscal fourth-quarter results that topped analysts’ estimates, but warned it could not make predictions for 2020 due to the coronavirus pandemic. The company said that despite widespread, temporary store closures, it still
A bottle of Prasco Laboratories Hydroxychloroquine Sulphate is arranged for a photograph in the Queens borough of New York, U.S., on Tuesday, April 7, 2020. Christopher Occhicone | Bloomberg | Getty Images Researchers are working as quickly as science will allow to determine whether hydroxychloroquine, a decades-old malaria drug touted by President Donald Trump as
Medical personnel are seen outside NYU Langone Health hospital as people applaud to show their gratitude to medical staff and essential workers on the front lines of the coronavirus pandemic on April 11, 2020 in New York City. Noam Galai | Getty Images The coronavirus pandemic outlined exactly what America sees as essential for a
Christine McCarthy, a nurse for over 20 years and a palliative nurse for the past year, sits for a portrait on an empty hospital bed at Massachusetts General Hospital in Boston on Apr. 2, 2020. Here at the states largest hospital, staff are coping with unprecedented realities in this coronavirus pandemic and deeply worried about what
People need to get back to work — and will likely spend weeks in the office — before they get back in the mall, according to the owner of Hudson Yards in New York. “My guess is we go back to offices first,” Related Companies CEO Jeff Blau told CNBC’s Andrew Ross Sorkin on Tuesday. “I think
Reported COVID-19 cases around the world approached two million on Monday, doubling in 11 days as World Health Organization officials caution patience before lifting social distancing restrictions. Covid-19 has infected more than 1,918,855 people around the world and killed at least 119,588 people, according to data compiled by Johns Hopkins University. Hopkins’ data previously showed that the cases had passed
Federal health officials have granted an emergency use authorization for a coronavirus test relying on saliva samples that was developed by a Rutgers University-backed entity, the New Jersey college announced Monday. The newly authorized test, which require a person with coronavirus symptoms to spit into a cup, could increase by up to 10,000 tests per
Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Ford Motor shares dropped by about 3% after the automaker warned of a 15.7% drop in first-quarter revenue as the coronavirus depresses sales