Business

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

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

A medical staff member in a mask with a patient outside of an ambulance amid the COVID-19 outbreak on April 19, 2020 in New York City. Roy Rochlin | Getty Images Coronavirus cases in the United States have been slowly ticking up since the Memorial Day holiday, according to a CNBC analysis of data compiled

Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters The biggest mall owner in the country ,Simon Property Group, is suing one of its biggest tenants, Gap, saying it failed to pay more

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

People dine in a restaurant on March 27, 2020 in Stockholm during the the new coronavirus COVID-19 pandemic. JONATHAN NACKSTRAND Sweden’s chief epidemiologist, who controversially advocated a no-lockdown strategy to combat the coronavirus epidemic in the country, has admitted that more could have been done to tackle the outbreak. “Yes, I think we could have

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

Las Vegas Metropolitan Police Officers walk down Las Vegas Boulevard during a Black Lives Matter demonstration demanding justice for the death of George Floyd on May 31, 2020 in Las Vegas, Nevada. Denise Truscello | Getty Images Las Vegas is getting ready to launch a “Welcome Back” ad campaign to encourage visitors to come. But

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

Walt Disney World Getty Images | Dan Anderson Walt Disney World received approval from the state of Florida to reopen its four Orlando-based theme parks starting July 11. Magic Kingdom and Animal Kingdom will open first, on July 11. Then, Epcot and Hollywood Studios will follow on July 15. Disney submitted its reopening plans on

Smokey Bear wears a protective face mask as he warns of High Fire Danger at the Riverside Drive and Los Feliz Blvd entrance to Griffith Park in Los Angeles Tuesday, May 26, 2020 as the Southland’s latest heat wave will send the mercury soaring into triple-digit territory raising the risk of heat-related illnesses. Al Seib

Guests wearing face masks visit the Universal Orlando’s CityWalk as sections of the entertainment and retail district opened today for limited hours for the first time since Universal Orlando closed on March 15, 2020 due to the coronavirus pandemic. Paul Hennesy | Barcroft Media | Getty Images More than a century ago, judges in Missouri

Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters This could be Elon Musk’s moment, or at least when his vision of mass use of electric cars finally takes hold. A new report by Cairn Energy Research Advisors,

A pilot walks by United Airlines planes as they sit parked at gates at San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images United Airlines on Friday said it’s planning to cut 13 of its 67 officers in an effort to save money as the coronavirus continues to

U.S. President Donald Trump speaks to reporters after he received a 2020 hurricane season briefing during the coronavirus disease (COVID-19) outbreak in Washington, May 28, 2020. Jonathan Ernst | Reuters President Donald Trump announced Friday that the United States will cut ties with the World Health Organization. “China has total control over the World Health

Nordstrom‘s net sales fell 40% during its fiscal first quarter, the company said Thursday, but the department store chain is confident it remains in a strong financial position to work through the coronavirus pandemic, unlike some of its struggling peers.  Department store operators Neiman Marcus, J.C. Penney and Stage Stores have all filed for bankruptcy protection

Shoppers walk out with full carts from a Costco store in Washington, DC, on May 5, 2020. Nicholas Kamm | AFP | Getty Images Costco saw sales grow in the fiscal third quarter, as it benefited from customers buying huge packs of toilet paper, cases of bottled water and other bulk items during the coronavirus pandemic

Image Source | Getty Images Millionaire investors are betting that stocks will take at least a year to regain their previous highs, according to the CNBC Millionaire Survey. Despite the continued surge in the stock market since its March lows, millionaire investors remain skeptical of the market’s V-shaped recovery. A majority of millionaires surveyed said

A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters American Airlines has started alerting travelers about crowded planes before their trips and allowing them to switch to other flights in

Not wearing face mask, Brazil’s President Jair Bolsonaro greets his supporters at Praça dos Três Poderes, in front of the Planalto Palace on Sunday, May 24, 2020. Andre Borges | NurPhoto | NurPhoto Brazilian President Jair Bolsonaro could be the first world leader to be toppled by the coronavirus pandemic, analysts have told CNBC, as

CNBC’s Jim Cramer on Tuesday updated his broad index of stocks well-positioned for the pandemic-era economy, a little more than a month after assembling the list of 100 stock picks. Since its inception in late April, the index has posted a gain of 4.69% after pulling back almost 2% during Tuesday’s session. Those gains from

Never heard of “travel bubbles” or “air bridges”? Read on because what you learn just might save your summer vacation now that we are in the coronavirus era. With little clarity on when the pandemic might end, many Europeans have already given up on the idea of a summer getaway. But some countries, desperate to salvage this

Brazil is on course to become the country with the world’s second-highest number of coronavirus infections later on Friday, as President Jair Bolsonaro faces intensifying pressure for his handling of the epidemic. At present, the U.S. has recorded by far the highest number of Covid-19 infections worldwide, with 1.5 million reported cases and nearly 95,000

More than 5.2 million people in the world have contracted the coronavirus, which has spread to at least 188 countries and regions world-wide. The global death toll currently stands at 337,572, according to data compiled by Johns Hopkins University.  Brazil on Saturday briefly had the second-highest number of reported cases in the world — after the

A pack of Hydroxychloroquine Sulfate medication is held up on March 26. John Phillips | Getty Images Hospitalized Covid-19 patients treated with hydroxychloroquine, the malaria drug President Donald Trump says he’s taking to prevent the coronavirus, had a higher risk of death than those who didn’t take it, according to a study published Friday in The

Heidi Bess, Owner of Candlelight Cottages in Bolton New York, said customers are anxious to get out of their house after being housebound for months. Source: Heidi Bess Memorial Day is the unofficial start of summer but the water parks are dry, amusement parks are shuttered and national parks are only beginning to reopen. For

Forbici Modern Italian’s temporary outdoor dining tent in Tampa, Florida. Forbici Modern Italian There’s not usually a white 1,800-square-foot tent set up in the street outside Forbici Modern Italian in Tampa, Florida. Then again, few things are as they were before the coronavirus pandemic.  Tampa’s Snow Avenue embodies that new world, thanks to a pilot

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Friday, April 17, 2020, in Washington. Alex Brandon | AP It is “conceivable” that the U.S. could begin to roll out a coronavirus vaccine by December, the

Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford It wasn’t a matter of if but when someone with Covid-19 would unknowingly enter an car factory as tens of thousands of autoworkers

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