Business

A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images When movie theaters were asked to close this spring due to the coronavirus pandemic, many cinema operators were under the impression that their venues would be reopened by

A firefighter is silhouetted as Cameron Peak Fire, the largest wildfire in Colorado’s history, burns outside Drake, Colorado, U.S., October 17, 2020. Loveland Fire Rescue Authority | Reuters Wildfire season in Colorado would normally be nearing its end by now. Instead, dry conditions fueled what’s now become the state’s largest wildfire in history. The Cameron

Anchiy | E+ | Getty Images Parents everywhere are grappling with how to make the most of Halloween during the pandemic. The guidance from the Centers for Disease Control and Prevention asks families to take precautions if they trick-or-treat outdoors by carrying hand sanitizer, setting up stations with individually bagged treats and wearing cloth masks,

A patient recovering from COVID-19 at Marianjoy Rehabilitation Hospital in Wheaton, Illinois, on September 30, 2020. Terrence Antonio James | Tribune News Service | Getty Images The United States reported more than 71,600 new coronavirus cases on Thursday, approaching a record number of daily infections set in late July as the outbreak takes root across

Boston Beer shares soared over 18% to a new all-time high Friday, one day after the maker of Samuel Adams and Truly hard seltzer reported third-quarter earnings and raised guidance. The stock closed Friday’s session at $1,091 apiece, adding to its major run so far in 2020. Shares of Boston Beer are up almost 190%

A customer pulls into a McDonald’s restaurant. Luke Sharrett | Bloomberg | Getty Images McDonald’s on Friday asked a judge to dismiss the racial discrimination lawsuit filed by former franchisees, arguing that it wants every operator in its system to thrive. The company also said that the complaint from 52 Black plaintiffs relies on “vague

(L-R) U.S. President Donald Trump and National Institute of Allergy and Infectious Diseases Director Anthony Fauci arrive for a briefing on the coronavirus pandemic in the press briefing room of the White House on March 26, 2020 in Washington, DC. Drew Angerer | Getty Images President Donald Trump hasn’t attended a coronavirus task force meeting

Shares of General Motors closed Thursday at their highest price so far this year following the successful debut Tuesday of the new GMC Hummer EV as well as the automaker’s announcement earlier in the week of more than $2 billion in new U.S. investments to support electric vehicles. The stock settled at $37.41 a share,

A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. shares are up more than 11% after the retailer revealed plans Thursday to shrink its store footprint by about 350 stores and switch to a business model that’s driven by e-commerce and off-mall locations. The apparel retailer, made up of chains

California theme parks are exploring legal action in order to pressure the state into allowing amusement parks to reopen. “All options are open at this point,” Erin Guerrero, executive director of the California Attractions and Parks Association, said during a news conference Wednesday. Parks in the state were dealt devastating news Tuesday that they would

A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly same-store sales growth of more than 8%, but a shift to delivery is boosting costs and resulting in

Members of the medical personnel move a patient suffering from the coronavirus disease (COVID-19) at the CHR Centre Hospitalier Regional de la Citadelle hospital, in Liege, Belgium October 20, 2020. Yves Herman | Reuters The coronavirus pandemic is accelerating across the globe as U.S. cases climb and at least 10 other countries, half in Europe,

Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Ford Motor plans to launch its self-driving commercial business in 2022 with vehicles based on the Ford Escape Hybrid crossover, the company said Tuesday. The vehicles are the automaker’s fourth-generation self-driving test vehicles in partnership

A traveler wearing a protective mask waits to board a United Airlines flight at San Francisco International Airport, Oct. 15, 2020. David Paul Morris | Bloomberg | Getty Images Airline stocks jumped Monday after airport screenings over the weekend rose above 1 million for the first time since mid-March, a sign more travelers are getting

High earners in New York and California could face combined federal and state tax rates of 62% under Democratic presidential nominee Joe Biden’s tax plan, according to tax experts. While Americans earning less than $400,000 would, on average, receive tax cuts under Biden’s plan, the highest earners would face double-digit increases in their official tax

Cans of diet cola Tab brand soft drink produced by the Coca-Cola Company are displayed at a supermarket in the Brooklyn borough of New York, July 26, 2011. Ramin Talaie | Corbis Historical | Getty Images Coca-Cola said Friday that Tab, its first diet soda, is among the drinks headed for retirement as it trims

Ford is beginning production on the latest version of its F-150 full-size pickup truck, which is the bestselling vehicle in the United States and a crucial product for the automaker. Ford’s F-Series lineup of full-size trucks is the industry’s leading truck brand, and the F-150 makes up the lion’s share of sales. It has been

ByteDance Ltd.’s TikTok website is displayed on a smartphone in an arranged photograph. Andrew Harrer | Bloomberg | Getty Images Social media has long been used by toy companies to reach kids, but as the coronavirus pandemic has taken play dates and recess off the table, apps like TikTok have become more important than ever. 

Adrees Latif | Reuters Friday marks the deadline for state health officials across the U.S. to submit plans to the federal government on how they will inoculate hundreds of millions of Americans against Covid-19 once a vaccine is approved.  States have about two weeks to set up distribution centers across the country to meet the

A volunteer is injected with a vaccine as he participates in a coronavirus disease (COVID-19) vaccination study at the Research Centers of America, in Hollywood, Florida, U.S., September 24, 2020. Marco Bello | Reuters The Trump administration on Friday announced a deal with CVS Health and Walgreens to administer coronavirus vaccines to the elderly and

A member of the medical staff treats a patient suffering from the coronavirus disease (COVID-19) at the Intensive Care Unit (ICU) of the Slany Hospital in Slany, Czech Republic, October 13, 2020. David W. Cerny | Reuters The World Health Organization said Friday that Europe‘s coronavirus outbreak is “concerning” as the number of available intensive

Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California.  Source: Noah Berger | General Motors Cruise, a majority-owned subsidiary of General Motors, plans to begin testing unmanned autonomous vehicles by the end of

U.S. Democratic presidential candidate Joe Biden speaks during a campaign event in Toledo, Ohio, October 12, 2020. Rebecca Cook | Reuters Democratic presidential candidate Joe Biden’s tax plan would give an average tax cut of $620 to middle income earners, according to a new analysis, while top earners would face a steep increase. The analysis,

A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street

An engineer shows an experimental vaccine for the COVID-19 coronavirus that was tested at the Quality Control Laboratory at the Sinovac Biotech facilities in Beijing. Nicolas Asfouri | AFP | Getty Images The Centers for Disease Control and Prevention said coronavirus vaccines may not be recommended for children if and when they are first available.

Disney has a long history of turning hourly employees into company executives. Kareem Daniel’s rise from intern to head of the company’s newest distribution division is no exception. On Monday, Disney announced that it would be restructuring its media and entertainment divisions in an effort to streamline its direct-to-consumer strategy, which will now focus even

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C. Erin Scot | Pool | Reuters Health officials have struggled to convey the seriousness of Covid-19 to many Americans. President Trump’s rapid recovery from the disease, while welcome by

Criticisms of Russia’s coronavirus vaccine are unhealthy, unethical and unproductive, according to Kirill Dmitriev, chief executive of Russia’s sovereign wealth fund RDIF — which is backing the controversial vaccine named “Sputnik V.” “We’re completely transparent and open. There is very negative narrative in some of the Western nations, and frankly we feel it’s very sad

An Amazon Prime package. Andrew Harrer | Bloomberg | Contributor A late Amazon Prime Day means an early start to the holiday shopping season this week.  The annual shopping event has become a holiday in its own right, with July 15 — one of last year’s Prime Days — trailing behind only Cyber Monday and

A Qatar Airways Boeing 777 In New York. Leslie Josephs | CNBC DUBAI, United Arab Emirates — The outlook for the airline industry continues to be bleak, and one CEO has issued a particularly devastating warning on its future as fears mount over a potential second wave of coronavirus infections this fall and winter.   “The