The question of whether to reopen schools in the fall has a “complicated answer” and the decision will depend on the coronavirus’ transmission in certain regions of the U.S., White House health advisor Dr. Anthony Fauci said on Friday. “It has to be a bit of a — and I don’t mean lengthwise — a bit of
Business
Spencer Platt | Getty Images The unemployment rate in the U.S. improved last month as millions of people returned to the workforce. But the official 13.3% unemployment rate, while still high relative to any point since the Great Depression in the early 20th century, likely understates the economic damage wrought by the coronavirus pandemic. The
As the global death of Covid-19 nears 400,000, U.S. health officials are keeping a close eye on caseloads and hospitalization rates as states continue to relax their lockdown measures and reopen different types of businesses. U.S. cases have been climbing since Memorial Day, but New York City this week reached an optimistic milestone: on Friday,
A “Now Hiring” sign advertising jobs at Lowe’s is seen as the spread of the coronavirus disease (COVID-19) continues, in Homestead, Florida, U.S., April 17, 2020. Marco Bello | Reuters Quite unexpectedly and rather suddenly, investors have been given a reset, a reprieve, a chance at a fresh start. What should they do with it?
A pedestrian wearing a mask walks past a Brooks Brothers storefront closed during the COVID-19 crisis on May 06, 2020 in Vancouver, Canada. Andrew Chin | Getty Images Brooks Brothers is talking to banks about raising financing for a potential bankruptcy that could come as soon as July, as the coronavirus pandemic squeezes the sales
Managers at the massive Bell facilities in North Texas had a problem. As 5,000 employees building helicopters needed to stay on the job, the company — a division of Textron — had to take steps to keep workers safe. One step included plans to take employee temperatures as they came to work. The company set
The sun sets behind the Statue of Liberty as it is partially obscured by heat waves from the exhaust of a passing ferry on May 31, 2020 in New York City. Gary Hershorn | Getty Images The Earth had its hottest May ever last month, continuing an unrelenting climate change trend as 2020 is set
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after the bell. Broadcom — Shares of the semiconductor company climbed 1% in extended trading after Broadcom released its second-quarter financial results. The company posted earnings of $5.14 per share excluding some
Dr. Robert Redfield, Director of the Centers for Disease Control and Prevention, speaks during the daily briefing of the White House Coronavirus Task Force, at the White House April 17, 2020 in Washington, DC. Alex Wong | Getty Images CDC Director Robert Redfield said Thursday that he’s “very concerned” the agency’s public health message on the
Online broker Charles Schwab received antitrust approval from the U.S. Department of Justice for its acquisition of TD Ameritrade, sources told CNBC’s David Faber on Thursday. Shares of Schwab jumped nearly 7% in premarket trading following the report. TD Ameritrade rose more than 9% before the opening bell. Schwab announced last November it would buy
Mary Barra, Chairman and CEO of General Motors. Bill Pugliano | Getty Images General Motors expects its North American vehicle production to return to near pre-coronavirus levels by the end of June, Chairman and CEO Mary Barra said Wednesday. The Detroit automaker has worked aggressively to restart its operations, particularly those that produce pickup trucks, since restarting
Traders with masks work on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters Dow Jones Industrial Average rises 527 points Data comes in better than
New York & Company store in North Brunswick Township, New Jersey. Michael Brochstein | SOPA Images | Getty Images New York & Company parent RTW Retailwinds on Wednesday morning warned about its ability to continue as a going concern, and that it might be preparing to file for Chapter 11 bankruptcy protection, hit hard by the Covid-19
A worker examines a sewage recycling pool in the coal liquefaction factory of CHN Energy in Ordos, north China’s Inner Mongolia Autonomous Region, April 11, 2019. Xinhua | via Getty Images BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught
New York Gov. Andrew Cuomo conducts a news conference on the COVID-19 pandemic at the National Press Club in Washington, D.C., after a meeting with President Trump at the White House on Wednesday, May 27, 2020. Tom Williams | CQ-Roll Call | Getty Images New York Gov. Andrew Cuomo said mass protests for the police killing
The normally busy boardwalk at Coney Island in Brooklyn, New York, was still largely shuttered on May 24. Andrew Lichtenstein/Corbis via Getty Images The $600 enhancement to weekly unemployment checks is ending at the end of July. While Democrats want to extend the extra pay into next year, Republicans appear resolute in blocking an extension.
Medical personnel move a deceased patient to a refrigerated truck serving as make shift morgues at Brooklyn Hospital Center on April 09, 2020 in New York City. Angela Weiss | AFP | Getty Images The World Health Organization cautioned world leaders Monday about reports that the coronavirus is “losing potency,” saying “this is still a
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 19, 2020, at Wall Street in New York City. JOHANNES EISELE | AFP via Getty Images Dow Jones Industrial Average rises 91 points Wall Street starts June on positive note, but risks remain The market picked up right where it