Business

Gavin Newsom, governor of California. Rich Pedroncelli | AP | Bloomberg via Getty Images California Gov. Gavin Newsom announced on Friday a new framework for individual counties to reopen, outlining the possibility of non-essential indoor businesses and schools to return depending on the coronavirus’ spread in the area.  The state will adopt a four-tiered approach

An employee demonstrates the Wirecard AG online payment smartphone app on the company’s exhibition stand at the Noah Technology Conference in Berlin, Germany, on Thursday, June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Wirecard Card Solutions, the U.K. unit of disgraced German payments company Wirecard, has announced it will sell some assets to

CDC Director Dr. Robert Redfield testifies during a Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington, D.C. Kevin Dietsch | Reuters Whichever coronavirus vaccine candidates win regulatory approval in the U.S. will likely be in short supply once they are cleared for public distribution, Director of the Centers for

Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  Ulta Beauty — Shares of the retailer gained 6% after the company’s second-quarter profit topped expectations. Ulta earned 14 cents per share during that time period, compared with the

Dr. Scott Bauer normally treats veterans at the San Francisco Veterans Affairs Medical Center. But when the internist heard about an opportunity to volunteer at San Quentin State Prison during the coronavirus outbreak, he raised his hand.  San Quentin, a Bay Area-based prison for men and the oldest institution of its kind in California, has

Stocks may have another reason to rally. According to MKM Partners’ Michael Darda, the risk of a monetary policy mistake at the margin is lower now than it was just yesterday. His call follows Federal Reserve chief Jerome Powell’s speech at the virtual Jackson Hole, Wyoming, economic summit on Thursday. “The Fed is focused like

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

White House senior advisor Jared Kushner on Thursday praised Federal Reserve Chairman Jerome Powell for his leadership of the central bank’s response to the coronavirus pandemic.  “Look, you really see what people are made of in times of crisis and I think that Chairman Powell has really stepped up to the plate, and he’s done a

Hurricane Laura, now a Category 4 storm, is barreling towards the coasts of Louisiana and Texas with winds of 140 miles per hour and the threat of an “unsurvivable” storm surge with large and destructive waves that “will cause catastrophic damage,” according to the National Hurricane Center.  Laura’s storm surge could reach as high as 15 to

Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell:  NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73 cents a share, up from 65 cents a share a year ago. Analysts had expected

A nurse wears personal protective equipment (PPE) as she cares for a coronavirus COVID-19 patient in the intensive care unit (I.C.U.) at Regional Medical Center on May 21, 2020 in San Jose, California. Justin Sullivan | Getty Images It’s been almost eight months since Chinese scientists first identified the coronavirus and doctors are still discovering

With or without the Federal Reserve’s involvement, Peter Boockvar of the Bleakley Advisory Group sees signs inflation is making a comeback. His call comes two days before Fed Chair Jerome Powell is scheduled to deliver a key policy speech at this week’s virtual Jackson Hole event. During his comments, Powell is expected to tackle how

A General Motors employee works Dec. 13, 2019 at the automaker’s plant in Wentzville, Missouri. Photo by Melissa Vaeth for General Motors General Motors is using salaried employees to fill in for hourly union workers absent due to coronavirus to keep a Missouri truck plant operating. High rates of absenteeism at the company’s Wentzville Assembly plant in

Daniel Pinto, head of the corporate and investment bank at JPMorgan Chase & Co. Simon Dawson | Bloomberg | Getty Images As Wall Street prepares for more of its traders and bankers to return to offices next month, a shift underway at JPMorgan Chase may have lasting implications for the entire industry. Workers in the

Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. Michael A. McCoy | Getty Images Delta Air Lines will furlough 1,941 of its pilots in October unless it can reach a cost-cutting agreement with the employees’ labor union, the airline said Monday. U.S. airlines

Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures were flat on Monday night after another record-setting session on Wall Street. Dow Jones Industrial Average futures traded just below the

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

The coronavirus pandemic has thrown into sharp focus the role of government in supporting the economy during periods of crises. But it has also highlighted the role big business can play. Look at Singapore. As the Asia-Pacific headquarters for many major corporations, the country has long invested in business stability even as geopolitical tensions flare globally. So when