U.S. Representative Nancy Pelosi (D-CA) speaks at her weekly press conference. Michael Brochstein | Barcroft Media | Getty Images House Democrats on Friday passed a $3 trillion coronavirus relief package, unprecedented spending Senate Republicans have pledged to block as the major parties struggle to find a path forward on the pandemic response. The chamber also
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A food delivery courier for Grubhub Inc. wears a protective mask in New York, U.S., on Monday, April 6, 2020. Jeenah Moon | Bloomberg | Getty Images With the survival of many independent restaurants hanging in the balance, lawmakers are stepping in to limit how much third-party delivery companies like DoorDash and Grubhub can charge
J.C. Penney is planning to file for bankruptcy in the next day, people familiar with the matter tell CNBC. Its advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning, they said. They cautioned there is still a chance that final negotiations between the retailer and its lenders
Cruise Origin driverless shuttle Cruise Cruise, General Motors‘ majority owned self-driving vehicle unit, said Thursday in an email to staff that it will be cutting about 8% of its workforce amid the coronavirus pandemic. The cuts are expected to primarily come from outside the company’s engineering operations, including recruiting and human resources, according to a
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
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] The World Health Organization is holding a briefing Wednesday on the coronavirus pandemic, which has infected more than 4.2 million people worldwide and killed at least 292,316, according to data
An audio feed of Supreme Court oral arguments in Trump v. Mazars and Trump v. Deutsche Bank AG, dealing with the subpoenas from the US Congress to obtain US President Donald Trumps financial records, is heard via a teleconference due to COVID-19, known as coronavirus, as seen on a laptop in Washington, DC, May 12,
Roger Lynch Adam Galica | CNBC Magazine publisher Conde Nast is laying off nearly 100 U.S. employees and furloughing 100 more as the coronavirus pandemic continues to hit the media industry, according to a company memo obtained by CNBC. The company will also reduce work hours for a handful of employees, according to the memo. Chief
A visualization by LeoLabs of the possible collision of two defunct spacecraft in January 2020. LeoLabs Space start-up LeoLabs unveiled a service on Wednesday that will send alerts in real-time to help satellite and spacecraft operators to avoid crashing into debris or each other in space. “This is the first fully-automated collision avoidance service,” LeoLabs CEO Dan
Atul Gawande Lisa Lake | Getty Images Haven’s Dr. Atul Gawande is stepping down as chief executive and will serve as the company’s chairman of the board of directors, the company announced Wednesday. Gawande said in a role that the transition will shift his focus from day-to-day management and support the company’s strategy, board and
A man wearing a face mask holds a box of the American electronic commerce company Amazon in Central district, Hong Kong. Miguel Candela | SOPA Images | Getty Images A top Amazon executive is calling on Congress to establish a federal price gouging law so that the U.S. can more effectively combat the kinds of
The New York Department of Labor has paid approximately $7.4 billion in unemployment claims in the first seven weeks of the Covid-19 crisis to 1.7 million residents out of work, Melissa DeRosa, secretary to Gov. Andrew Cuomo, said on Wednesday. DeRosa said that roughly 1.8 million residents who are struggling with unemployment due to the coronavirus
Tesla‘s early reopening in California’s Bay Area during the coronavirus pandemic is still being handled on the local level, but California Attorney Xavier Becerra said he’s “ready to enforce” violations of the state’s orders. “The governor has issued certain declarations and where there is some discretion, the local authorities, the county officials, have the opportunity