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
You may qualify for paid leave Justin Paget Qualified workers, including those telecommuting, can get two weeks of paid leave at full pay courtesy of the Families First Coronavirus Response Act. Valid reasons include being unable to work because you are under quarantine order, have coronavirus symptoms and are seeking diagnosis, or must care for
Reopening the economy may mean a lot more plexiglass. Those clear partitions, that have lined checkout counters in essential businesses like grocery stores and pharmacies during the coronavirus outbreak, could be a post-pandemic norm. Stay-at-home orders have already started lifting across the country, with nonessential businesses, like nail and hair salons, and major retailers like
Graduating students around the country will be missing out on walking down an aisle to pick up their diplomas due to the ongoing coronavirus pandemic. In order to make up for the loss, Facebook hosted a virtual graduation on Friday and enlisted a host of celebrities to offer words of encouragement. One of those celebrities
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
A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were largely flat on Thursday night following a sharp rally during the regular session as investors awaited several key data sets. Dow Jones Industrial Average futures dipped 15 points, implying a Friday opening
Labor economist Teresa Ghilarducci began studying retirement in 2008, when the Great Recession was making it impossible for millions of Americans to retire. “The phenomenon of Granny working in McDonald’s really started to ramp up,” said Ghilarducci, who leads the Retirement Equity Lab at The New School in New York. Yet, as bad as it was then,
Getty Images Twenty million children attend camps in the U.S. every summer, fueling the $18 billion camp industry. With summer just a little more than a month away, camp directors are still deciding if it’s safe for camps to operate amid the coronavirus pandemic. And parents are equally concerned. On Thursday the Centers for Disease
Amid the coronavirus pandemic, people are searching for ways to connect with one another despite not being able to be together in person. Many are also seeking ways to give back to their communities. A handful of photographers are doing both in an unexpected way: ‘porch portraiture,’ in which they style and photograph families in front
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
U.S. government debt yields moved lower Friday as investors awaited a host of fresh economic data. At around 4:45 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6153% while the yield on the 30-year Treasury bond declined to 1.2802%. Yields move inversely to prices. Nervous investors are keeping a close
As the country starts to reopen its economy amid the coronavirus pandemic, Americans of all ages are still trying to figure out the path forward. Many have lost income, may be struggling with a small business or are dealing with child-care issues. But those in their 40s, the younger end of Generation X, have their
Amaurys Grullon (L), founder of Bronx Native, and Josue Caceres (R), brand manager. Caceres caught coronavirus and was in a coma for 11 days. Spencer Kimball | CNBC Josue Caceres remembers waking up in a hospital bed. He tried to get up and go to the bathroom, but he was so weak he fell and
In a press conference May 6, Gov. Andrew Cuomo said that 66% of new hospitalizations in New York for Covid-19 were people who had been staying home. “This is a surprise: Overwhelmingly, the people were at home,” Cuomo said. “We thought maybe they were taking public transportation, and we’ve taken special precautions on public transportation,
John Donahoe took over as Nike CEO in January 2020. Kim Kulish | Corbis via Getty Images Nike is finally beginning to reopen stores in the U.S., but the company said Thursday it expects the coronavirus pandemic will still have a material impact on its business in North America, parts of Europe and Asia during its
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
Customers ride an escalator at The Galleria shopping mall after it opened during the coronavirus disease (COVID-19) outbreak in Houston Texas, May 1, 2020. Adrees Latif | Reuters U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the government to sustain the economy amid the coronavirus pandemic,
A cyclist passes a boarded up store during the coronavirus pandemic on April 28, 2020 in New York City. John Lamparski | Getty Images New Yorkers who owe the state medical or student debt that has been referred to the state attorney general’s office have been given another 30-day break from paying those balances. New York Attorney
Growing up, Brett Kenzy didn’t like working on his family’s cattle ranch farm in Gregory, South Dakota, about 160 miles west of Sioux Falls. “I hated it. I resented that I had to work all the time,” Kenzy, now 48, tells CNBC Make It. But Kenzy’s father, Ralph, a third generation cattle rancher, always told
Since early March, over 36 million Americans have filed for unemployment due to the coronavirus crisis, marking the biggest spike in unemployment in U.S. history. In response to these claims, states have paid a record $48 billion in unemployment benefits to people out of work but several recent studies have found that this total could