Business

A general view of the Centers for Disease Control and Prevention Edward R. Roybal campus in Atlanta, Georgia on April 23, 2020. Tami Chappell | AFP | Getty Images The Centers for Disease Control and Prevention’s latest coronavirus dashboard combines data on two different kinds of tests that experts say could be inflating key statistics

Will Smith and Kevin Hart pose backstage at the 2016 MTV Movie Awards at Warner Bros. Studios on April 9, 2016 in Burbank, California. Jason Kempin | MTV1415 | Getty Images for MTV Xiaoyin Qu never predicted how relevant her app would become in a pandemic. The former Facebook employee originally set up Run The

Tensions between the U.S. and China will likely get worse ahead of the American presidential election this November, experts told CNBC on Thursday. The world’s two largest economies have been embroiled in a long-drawn trade war and are now in a tussle over issues surrounding the coronavirus pandemic. U.S. President Donald Trump has blamed Beijing for a

It may be time to explore contrarian plays. Wells Fargo Securities’ Christopher Harvey is telling investors the best opportunities are in the hardest hit parts of the stock market. He believes the potential rewards outweigh the risks. “Start adding cyclicality. Start adding value. Start adding risk,” the firm’s head of equity strategy told CNBC’s “Trading

Coca-Cola CEO James Quincey delivered a grim forecast for the global economy’s recovery from the impact of the coronavirus pandemic on Wednesday.  “The economic impact of the lockdown is just starting to begin,” Quincey said on CNBC’s “Squawk Box.” In the United States, more than 36 million Americans have applied for unemployment benefits since the coronavirus

Pedestrians pass in front of an Urban Outfitters store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Urban Outfitters — The clothing retailer’s stock tumbled 5% in extended trading after the company released its first-quarter financial results. Urban Outfitters reported a loss of $1.41 per share on

Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York. Lucas Jackson | Reuters Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as the company faced mounting lawsuits that said it caused cancer and demand fell. J&J attributed the decline

Signs hang from the Meridian Heights apartment building in Northwes Washington on Monday, May 18, 2020. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) Caroline Brehman The unemployment drama playing out in the U.S. has drawn comparisons to the Great Depression, the worst economic downturn in the history of the industrialized world. But is

U.S. President Donald Trump speaks during an event at the White House in Washington, D.C., U.S., on Friday, May 15, 2020. Stefani Reynolds | Bloomberg | Getty Images President Donald Trump said Monday that he has been taking anti-malaria drug hydroxychloroquine for over a week to prevent coronavirus infection even though it is not yet

A security personnel stands guard at the opening session of Baidu’s annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019. Jason Lee | Reuters Check out the companies making headlines after the bell. Moderna — The biotech company’s stock fell 2% in extended trading after Moderna announced that it is proposing a

Moderna‘s closely watched early-stage human trial for a coronavirus vaccine produced Covid-19 antibodies in all 45 participants, the biotech company announced Monday, sending the company’s shares surging as much as 30% in premarket trading. Each participant received a 25 microgram, 100 mcg or 250 mcg dose, with 15 people in each dose group. Study participants received

Stocks may be coming off their worst week in about two months, but Bryn Mawr Trust’s Jeffrey Mills warns there are few bargains. He believes Wall Street isn’t accurately pricing in pain of the economic shutdowns. “We don’t love the risk-reward right now in the stock market,” the firm’s chief investment officer told CNBCs “Trading

Does the world of retail really need J.C. Penney?  As the department store chain filed for bankruptcy protection Friday evening, some question if the company still has a place in American retail. Or if it could ever bounce back from the fatal blow it has been dealt during the coronavirus pandemic, which forced its roughly 850 stores

Customers ride an escalator at The Galleria shopping mall after it opened during the coronavirus disease (COVID-19) outbreak in Houston Texas, May 1, 2020. Adrees Latif | Reuters U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the government to sustain the economy amid the coronavirus pandemic,

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

Consumer spending plunged by a record 16.4% in April, but one category saw a bounce: nonstore retailers. Included in this category, which saw an 8.4% month-over-month increase, is online shopping. With much of the country under shelter-in-place orders during April, consumers increasingly turned towards e-commerce giants like Amazon for their shopping needs. As the pandemic

The city is beginning to prepare for a long hot summer with closed beaches and residents remaining locked inside under stay-at-home orders, New York City Mayor Bill de Blasio said Friday, warning that this summer will be very different from years past.  Barbecues, picnics, ball games and days at the beach or by the pool, all

Dow Jones Industrial Average rises 60 points Biggest retail sales drop ever U.S. monthly retail sales fell by 16.4% in April, a record. So-called core retail sales — which exclude auto, gas, food and building materials sales — dropped 15.3%. Meanwhile, The Trump administration moved to block semiconductor shipments to Chinese company Huawei. Hu Xijin, editor-in-chief