Business

Sectors of the U.S. economy are starting to show signs of a rebound, with more retailers reporting strong quarterly sales and weekly mortgage applications pointing to a remarkable recovery in the housing market. Later Wednesday, Wall Street will get a more detailed look at the Federal Reserve’s most recent decision, with the release of the central

Travelers the world over are asking: Where can I travel that’s safe? Sha Wellness Clinic, a medical clinic and hotel in southeastern Spain, has an answer. It’s requiring guests to provide a negative Covid-19 test result before they ever step foot in the door. “When we began to put together our preventative measures, there was

A pedestrian wearing a protective face mask walks past the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia, on Saturday, March 14, 2020. Elijah Nouvelage | Bloomberg via Getty Images The Centers for Disease Control and Prevention tracked a cluster of coronavirus cases in rural Arkansas back to a church pastor and

A week of retail earnings kicked off before the market open on Tuesday, with Walmart and Home Depot each reporting strong same-store sales growth as consumers stocked up and stayed home during the quarter.   The World Health Organization’s assembly continues for a second day, as critical eyes continue to fall on the agency and the

World leaders are meeting virtually Monday at the World Health Organization’s 73rd World Health Assembly to discuss and set priorities for the next year. At the assembly, Chinese President Xi Jinping announced $2 billion in funds to support other countries’ response to the pandemic. South Korean President Moon Jae-in called for greater authority to be vested

Kimco’s designated curbside pickup spots at Grand Parkway Marketplace in Spring, Texas. Source: Kimco Online shopping has been a boon for some retailers during the Covid-19 crisis. It has been a lifeline for others. But for nearly all companies, it’s brought a slew of new challenges.  Many retailers were already expanding their e-commerce offerings prior to

Scientist Xinhua Yan works in the lab at Moderna in Cambridge, Massachusetts, on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Moderna‘s closely watched early-stage human trial for a coronavirus vaccine produced Covid-19

With the summer holidays fast approaching following several months of lockdown, many of us are wondering when we might return to the skies. But even as some airlines move to resume service when countries ease coronavirus restrictions, it’s unlikely the experience will feel much like the type of flying we’ve come to know. Airlines have

Approximately two months after the coronavirus outbreak caused a nearly nationwide lockdown, 48 states have eased shelter-in-place restrictions — only Massachusettes and Connecticut kept strict lockdown rules in place — in an attempt to reinvigorate their local economies. An NBC News survey of 33 states and Washington, D.C., found the lockdown will cost states hundreds of billions

It’s not typical for a bankruptcy court hearing to fall on a Saturday, and it’s nearly unprecedented for it to happen by phone. But as the coronavirus has battered the U.S. economy, J.C. Penney must navigate almost entirely uncharted territory as it looks to shed debt and emerge from bankruptcy a stronger company. The iconic

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.6 million Global deaths: At least 311,425 Most cases reported: United States (more than 1.4 million), Russia (272,042), United Kingdom, (241,461), Brazil (233,142) and Spain (230,698) The

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

Sen. Kelly Loeffler, R-Ga., her husband Jeffrey Sprecher participate in Loefflers swear-in reenactment for the cameras in the Capitol on Monday, Jan. 6, 2020. Bill Clark | CQ-Roll Call | Getty Images Intercontinental Exchange, which owns the New York Stock Exchange, refused to say Friday whether it has given the FBI information related to stock

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.5 million Global deaths: At least 307,159 Most cases reported: United States (More than 1.4 million), Russia (262,843), United Kingdom (238,004), Spain (230,183), Italy (223,885). The data above was

7:42 am: Former FDA chief on what experts know about unique symptoms in children 7:37 am: Drive-ins offer haven for moviegoers, as traditional theaters stay shuttered GP: Coronavirus Drive-in cinema opens in Kaliningrad, Russia, amid COVID-19 pandemic 200508 Vitaly Nevar | TASS via Getty Images Once a dying piece of Americana, drive-ins have become a

J.C. Penney is planning to file for bankruptcy protection, people familiar with the matter tell CNBC.  Its advisors are currently working on a bankruptcy filing that could come early Friday morning, they said. They cautioned there is still a chance that final negotiations between the retailer and its lenders spill into the weekend and delay the

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.4 million Global deaths: 302,025 Most cases reported: United States (over 1.4 million), Russia (252,245), United Kingdom (234,439), Spain (229,540), Italy (223,096) The data above was compiled by

7:50 am: Amazon is building face shields for frontline workers 7:10 am: Trump says he will mobilize military to deliver vaccine when there is one A Paratrooper assigned to the 1st Brigade Combat Team, 82nd Airborne Division, prepares for a Airborne Operation at Fort Bragg, N.C., on May 7. Spc. Hubert Delany III | US

Russia has said an antiviral drug it’s funding has shown promising results in early clinical trials and has called for a global, collaborative approach to finding an effective treatment for the coronavirus. Russia’s sovereign wealth fund (RDIF) has been funding Russian trials of the drug favipiravir, an anti-influenza drug first developed in Japan under the

People in cars participate in a protest against the coronavirus shutdown in front of State Capitol in Madison, Wisconsin, on April 24, 2020. KAMIL KRZACZYNSKI | AFP via Getty Images The Wisconsin Supreme Court on Wednesday struck down the state’s stay-at-home orders during the coronavirus pandemic as “unlawful, invalid and unenforceable” after finding the state’s health commissioner