Business

China on Monday announced that manufacturing activity expanded in the month of August as the country continued to recover from the coronavirus pandemic.  The official manufacturing Purchasing Manager’s Index (PMI) for the month of August came in at 51.0 as compared to 51.1 in July, according to the National Bureau of Statistics. However, the pace of expansion missed

A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey. Chris Helgren | Reuters It’s time to say goodbye to the $200 ticket-change fee. United Airlines on Sunday said that it will permanently scrap fees to change domestic flights, a big bet that more flexible

Commissioner of U.S. Food and Drug Administration Dr. Stephen M. Hahn speaks during a news conference about the latest coronavirus disease (COVID-19) developments, in the Brady Press Briefing Room of the White House in Washington, U.S. August 23, 2020. Erin Scott | Reuters The chief of the U.S. Food and Drug Administration is prepared to

A recent high school graduate who organized a Black Lives Matter rally in Englewood Cliffs, New Jersey said she was billed $2,500 by town officials for police overtime, stirring up anger from civil liberty advocates and prompting the town’s mayor to rescind the bill.  Emily Gil, the 18-year-old who organized the event in July, was directed by

The U.S. Open tennis tournament is kicking off on Monday, following a wave of protests across the sports world that brought competition in professional tennis, basketball, baseball, and soccer to a halt this week.  After initially pulling out of her match in protest at the Western & Southern open, a precursor to the U.S. Open,

An empty court and bench is shown following the scheduled start time in Game Five of the Eastern Conference First Round between the Milwaukee Bucks and the Orlando Magic during the 2020 NBA Playoffs at AdventHealth Arena at ESPN Wide World Of Sports Complex on August 26, 2020 in Lake Buena Vista, Florida. Kevin C.

Yoenis Cespedes of the New York Mets stands in the on deck circle in front of cardboard fans during a preseason game at Citi Field on July 18, 2020. Al Bello | Getty Images Sport | Getty Images Steven Cohen, the billionaire hedge fund manager, has entered exclusive negotiations to buy the New York Mets,

Doug Hirsch, Co-Founder and C0-CEO of GoodRx. Heidi Petty | CNBC GoodRx, a company that helps consumers access prescription drugs at a discount, filed to go public on Friday. The company will list on the Nasdaq under the symbol GDRX. It’s part of a recent spate of IPO filings from tech companies, including data analytics

MGM Resorts International said Friday it is sending separation letters to 18,000 previously furloughed employees throughout the United States, making their job cuts permanent for now.  MGM’s Empire City remains closed in New York state, as does its Park MGM in Las Vegas. Casinos in Las Vegas, where MGM has an outsized presence on the Strip, continue

The Henry Ford II World Center, headquarters of the Ford Motor Company in Dearborn, Michigan. James Leynse | Corbis | Getty Images DETROIT — Ford Motor remains under federal investigation as part of a multi-year corruption probe into the United Auto Workers union, according to the lead prosecutor on the investigation. U.S. Attorney Matthew Schneider told CNBC that

Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters The apparel maker Gap Inc. pivoted its supply chain early on in the coronavirus pandemic to make face masks. And

A hospital staff sanitizes the premisis inside the new covid hospital at Sector 39, on August 7, 2020 in Noida, India. Sunil Ghosh | Hindustan Times via Getty Images A new study that tested multiple surfaces of a New Jersey oncology unit found no traces of the coronavirus, suggesting that strict cleaning and disinfecting protocols

Hurricane Laura made landfall in southwestern Louisiana as a ferocious Category 4 monster with 150 mph winds early Thursday, swamping a low-lying coast with ocean water that forecasters said could be 20 feet deep and unsurvivable. The National Hurricane Center said the storm, which intensified rapidly Wednesday before plowing into land, came ashore at 1

Restaurateurs in New York City are pleading for clarity on when they will be allowed to offer indoor dining, warning of dire economic consequences as the monthslong prohibition drags on during the coronavirus pandemic.  “The restaurant industry is going to die as we know it in this city. How can we not, at least, open

New cases of the coronavirus continue to fall in the U.S., as does testing across the country, according to data compiled by Covid Tracking Project, a volunteer project founded by journalists at The Atlantic. The Centers for Disease Control and Prevention quietly revised its testing guidance earlier this week to say that most people without

The discussion around U.S. use of convalescent plasma as a Covid-19 treatment continued on Tuesday. Food and Drug Administration Commissioner Dr. Stephen Hahn acknowledged late Monday that criticism of his comments about the benefits of the treatment are “entirely justified.” Hahn, at a press conference with President Donald Trump, said that of 100 Covid-19 patients, “35

Evacuees walk to board buses Tuesday, Aug. 25, 2020, in Galveston, Texas. The evacuees are being taken to Austin, Texas, as Hurricane Laura heads toward the Gulf Coast. David J. Phillip | AP The coronavirus pandemic has thrown a new twist on emergency preparedness in Texas as officials prepare for Hurricane Laura to make landfall

Laura became a hurricane Tuesday shortly after entering the warm and deep waters of the Gulf of Mexico, gathering strength on a path to hit the U.S. coastline as a major storm that could unleash a surge of seawater higher than a basketball hoop and swamp entire towns. The National Hurricane Center projected that Laura will become

Scientists are expressing some doubts about the Food and Drug Administration’s emergency use authorization for convalescent plasma as a treatment for Covid-19 patients. In a Sunday news briefing, President Donald Trump touted the treatment as a “breakthrough.” Former FDA chief Dr. Scott Gottlieb told CNBC that while there was enough data to justify the authorization, the

Scientists and public health officials said Monday they are skeptical convalescent plasma is an effective treatment for patients hospitalized with Covid-19, even after the Food and Drug Administration issued an emergency use authorization for the treatment and President Donald Trump touted it as a “breakthrough.” There are no formally approved drugs or vaccines for the coronavirus.