50 Min Ago In June, new home sales jumped 55% annually The month of June saw a 55% jump annually in sales of newly built homes, according to a survey by John Burns Real Estate Consulting. This marks the largest annual gain since the housing boom more than a decade ago, CNBC’s Diana Olick reports.
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Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters American Airlines is planning to warn pilots this week about potential furloughs, the latest carrier to prepare employees for job cuts as the coronavirus pandemic roils the airline business. The terms of $25 billion in federal coronavirus aid prohibit
A health worker measures the temperature to a man during an operation to identify COVID-19 cases amid the Coronavirus pandemic on July 12, 2020 in La Paz, Bolivia. Gaston Brito | Getty Images The United States and Brazil accounted for half of the new daily coronavirus cases as countries across the globe struggle to contain
The national flags of the U.S. and China waving outside a building. Teh Eng Koon | AFP via Getty Images The U.S. has asked its citizens to “exercise increased caution” in China due to a “heightened risk of arbitrary detention” — a claim slammed by Chinese state-backed media Global Times as a “blatant distortion of
As states take differing approaches to re-opening and closing, some parts of the economy continue to see improvement from the start of the pandemic while others continue to struggle. Some states have instituted mask mandates and other measures, such as closing indoor bar service, amid rising coronavirus cases. These five charts illustrate trends in important
With Minnie and Mickey, Josh D’Amaro waves to guests gathered on Main Street USA, in the Magic Kingdom in the final minutes before the park closed, Sunday night, March 15, 2020, in Lake Buena Vista, Fla. Walt Disney World announced that all their Florida parks will be closed for the rest of March as a
President Donald Trump wears a mask as he walks down the hallway during his visit to Walter Reed National Military Medical Center in Bethesda, Md., Saturday, July 11, 2020. Patrick Semansky | AP President Donald Trump wore a mask during a public visit to Walter Reed National Military Medical Center on Saturday, after long resisting
Attorney General William Barr listens as United States President Donald J. Trump, unseen, speaks in the Rose Garden of the White House in Washington, D.C., U.S., on Tuesday, June 16, 2020. Stefani Reynolds | Bloomberg | Getty Images Attorney General William Barr spoke with President Donald Trump about Roger Stone and recommended against granting him
A realtor wearing a protective mask uses a smartphone to provide a virtual video tour of a home for sale in Sacramento, California, U.S., on Monday, June 29, 2020. David Paul Morris | Bloomberg | Getty Images Prospective buyers getting their first glimpse of potential homes through smartphone cameras connected by FaceTime and Zoom. 3-D
Retail is going through what can be considered a “golden age” as businesses adapt to a new landscape of connecting with consumers, “Shark Tank” star and serial entrepreneur Daymond John said Friday. Companies such as Home Depot are using the internet to their advantage to thrive, while others that lack the necessary technology are dying, the
As many as 1 in 150 people in the U.S. are infected, Dr. Gottlieb estimates Dr. Scott Gottlieb, commissioner of the Food and Drug Administration Getty Images Dr. Scott Gottlieb, the former Food and Drug Administration commissioner, said on CNBC’s “Squawk Box” that he believes as many as 1 in 150 people in the U.S. are
A United Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images United Airlines and the union that represents its some 13,000 pilots have reached a tentative agreement for voluntary leaves and early retirement packages, the union told its members Thursday. United and its competitors are scrambling to slash costs as the coronavirus devastates travel
19 Min Ago Weekly jobless claims total 1.314 million, less than expected Weekly jobless claims were lower than expected last week as employees slowly returned to work in the wake of rising coronavirus cases, reports CNBC’s Jeff Cox. Initial jobless claims hit 1.314 million last week, compared to a Dow Jones estimate of 1.39 million.
With Minnie, Mickey and friends, Walt Disney World President Josh D’Amaro waves to guests gathered on Main Street USA, in the Magic Kingdom in the final minutes before the park closed, Sunday night, March 15, 2020, in Lake Buena Vista, Fla. Joe Burbank | Orlando Sentinel | Getty Images Walt Disney World will reopen in
A row of United Airlines passenger planes parked at gates at Denver International Airport in Denver, Colorado. Robert Alexander | Getty Images United Airlines on Wednesday said it is warning about 36,000 front-line employees — more than a third of its staff — about potential furloughs as the coronavirus pandemic continues to roil travel demand. The
People wearing face masks as a precautionary measure against the spread of the Covid-19 novel coronavirus, walk down a street decorated with Chinese lanterns in Hong Kong on February 29, 2020. VIVEK PRAKASH The Australian government has advised its citizens not to travel to Hong Kong, and to reconsider their need to remain in Hong
12 Min Ago Brazilian president uses hydroxychloroquine after testing positive for coronavirus Brazil’s President Jair Bolsonaro gestures before a national flag hoisting ceremony in front of Alvorada Palace, amid the coronavirus disease (COVID-19) outbreak in Brasilia, Brazil June 9, 2020. Adriano Machado | Reuters Brazilian President Jair Bolsonaro has said he tested positive for coronavirus
The coronavirus pandemic has now claimed one of the country’s oldest and most prestigious retailers. Brooks Brothers — pioneer of the polo and uniform of the polished prepster — filed for bankruptcy on Wednesday, as it continues to search for a buyer. The retailer, founded in 1818, boasts of having dressed 40 U.S. presidents and
A Wal-Mart Stores Inc. associate organizes school supplies at a Wal-Mart Stores Inc. location in the Porter Ranch neighborhood of Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Nobody really knows what the back-to-school shopping season is going to look like this year — not retailers, parents, students nor teachers. Anxiety is running
Economic activity fell in all states during first quarter, raising concerns of potential cuts People wait in line as SF-Marin Food Bank hands out 1600 food bags in San Francisco on April 20, 2020. Work furloughs and layoffs created by coronavirus shelter-in-place orders are driving thousands to seek food assistance. San Francisco Chronicle | Hearst