Business

A view of an empty street in the French Quarter amid the coronavirus (COVID-19) pandemic on March 27, 2020 in New Orleans, Louisiana. Chris Graythen | Getty Images The governors of Louisiana and Michigan, two emerging hot spots for the coronavirus pandemic in the U.S., warned their state health systems are straining amid a surge

New York Gov. Andrew Cuomo announced Friday that the construction of a temporary hospital at the the Jacob K. Javits Center had been completed with the help of FEMA and the National Guard. The New York City convention center, which usually hosts events like New York Comic Con, is now home to 1,000 hospital beds

United Airlines planes at Newark Liberty International Airport Leslie Josephs | CNBC United Airlines warned Friday that it expects to reduce its workforce because of the rapid spread of coronavirus and severe measures to stop the disease’s spread, despite a sweeping government aid package that passed the House on Friday. “The global economy has taken a

Confirmed COVID-19 cases in the U.S. surpassed 100,000 Friday, doubling in just three days as the pandemic accelerates and the U.S. rolls out broader testing measures. Data from Johns Hopkins University showed the total number of coronavirus cases as 101,707 and the total number of deaths in the U.S. as 1,544. The virus emerged in

A flight attendant arrives at Tom Bradley Terminal at Los Angeles International airport in Los Angeles, California on March 16, 2020. Agustin Paullier | AFP | Getty Images U.S. airlines’ first plea for $58 billion in government aid to weather coronavirus landed with a thud among lawmakers and the public.  Carriers requested half of it

General Motors told about 69,000 salaried employees globally on Thursday that it will temporarily cut 20% of their salaries as the automaker attempts to save cash amid the coronavirus pandemic. The deferment, which will begin April 1, will be repaid in a lump sum with interest no later than March 15, 2021, according to the

A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon announced Thursday fiscal fourth-quarter results that topped expectations, as its same-store sales surged 20% during the period, thanks, in part, to

A man steps out of a McDonalds restaurant with sign announcing take-out service only in Hollywood, California on March 16, 2020 as the Coronavirus pandemic brings much of California to a standstill. Frederic J. Brown | AFP | Getty Images McDonald’s is pulling its all-day breakfast menu to simplify operations as the coronavirus pandemic strains

Americans who are stuck in their homes during the coronavirus pandemic aren’t just video-conferencing and binge-watching TV. Lowe’s CEO Marvin Ellison said they’re also replacing appliances and doing DIY projects. In an interview with CNBC on Wednesday, Ellison said the home improvement retailer has seen an increase across nearly every store category as customers not

Los Angeles County Public Health director Barbara Ferrer. Robyn Beck | AFP | Getty Images A child under 18 has died from the coronavirus in California, Los Angeles County health officials announced Tuesday.  “Tragically, one of the people who died was a person under the age of 18, a devastating reminder that COVID-19 infects people

People walk through a sparse international departure terminal at John F. Kennedy Airport (JFK) as concern over the coronavirus grows on March 7, 2020 in New York City. Spencer Platt | Getty Images Lawmakers on Capitol Hill were close to a deal that would include $25 billion in grants for airlines struggling from the impact

Officers in protective gear enter the cruise ship Diamond Princess, where 10 more people were tested positive for coronavirus on Thursday, to transfer a patient to the hospital after the ship arrived at Daikoku Pier Cruise Terminal in Yokohama, south of Tokyo, Japan February 7, 2020. Kim Kyung-Hoon | Reuters The coronavirus survived for up

World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus gestures during a daily press briefing on COVID-19 virus at the WHO headquaters on March 2, 2020 in Geneva. Fabrice Coffrini | AFP | Getty Images The coronavirus pandemic that’s spread to nearly every country in the world is picking up pace, the World Health Organization said

This is a live blog. Please check back for updates. Global cases: More than 305,234 Global deaths: At least 13,000 The data above is from Johns Hopkins University. All times below are in Beijing time. 10:20 am: India begins 14-hour curfew India started a 14-hour curfew as part of the efforts to contain the coronavirus

Closed Chicago Theatre is seen in Chicago, Illinois, on March 21, 2020. KAMIL KRZACZYNSKI This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This live blog will be updated throughout the day as the news breaks. Global cases: More than 311,000 Global deaths:

German brands such as Mercedes-Benz, BMW, and Audi built their reputations on being purveyors of precise engineering cars, luxurious interiors, cutting-edge technology, and above all, pretty high sticker prices.  But increasingly, they are selling cars with prices that are quite average. In their quest to grow volumes and reach a broader chunk of the new

Medical workers and other officials gather outside of the Brooklyn Hospital Center where testing for the coronavirus has started on March 19, 2020 in the Brooklyn borough of New York City. Spencer Platt | Getty Images This is CNBC’s 24-hour blog covering all the latest news on the coronavirus outbreak. All times below are in

Healthcare workers look at paperwork outside of medical tents where Covid-19 tests are being conducted at Newton Wellesley Hospital in Newton, Massachusetts, U.S., on Wednesday, March 18, 2020. Scott Eisen | Bloomberg | Getty Images U.S. hospitals are setting up coronavirus wards and tents, seeking emergency credit lines and lobbying Washington for a $100 billion stabilization

Wealthy New Yorkers fleeing the city are driving up the prices of rentals in the Hamptons and Hudson Valley, with rates more than tripling for some properties. As New York City considers “shelter in place” rules and the number of coronavirus cases skyrockets, New Yorkers who can afford it are decamping to more rural locales.

Global supply chains are set for a major reshuffle as the coronavirus pandemic exposes the vulnerability of countries and companies that rely heavily on a limited number of trading partners. The new coronavirus disease, formally known as COVID-19, was first reported in the central Chinese city of Wuhan. Since late-January, a wave of city-wide closures

American Airlines‘ CEO Doug Parker has never seen anything like this, even after 9/11 when airlines were briefly shutdown following terrorist attacks using commercial airplanes. In fact, Parker says the economic fallout from the coronavirus pandemic is far worse for the industry than the crisis airlines faced after 9/11 when airplanes were briefly grounded and demand lagged for more

GM CEO and Chairman Mary Barra and LG Chem Vice Chairman and CEO Hak-Cheol Shin at the automaker’s battery lab in Warren, Mich., where the companies announced a new $2.6-billion joint venture on Dec. 5, 2019. GM General Motors is studying whether it can use its auto factories to ”support production” of ventilators and other medical

New York City subway staff disinfect a train station in an effort to stop the coronavirus from spreading in New York, United States on March 11, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The new coronavirus can survive for several hours in air particles and last days on surfaces, according to a new

The United Auto Workers union has asked the Big Three Detroit automakers to shut down production for two weeks to safeguard its members from the coronavirus outbreak.  In a letter to union members, UAW President Rory Gamble said Ford, General Motors and Fiat Chrysler haven’t been willing to pause production.  “They asked for 48 hours

Adam Carver, 38, wears a mask to protect against coronavirus while on a nearly empty Delta flight from Seattle-Tacoma International Airport o JFK on March 15, 2020 near New York City. John Moore | Getty Images The Trump administration is seeking to “very quickly” pass an aid package for industries hurt by coronavirus, including airlines, Treasury

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 169,387, according to Johns Hopkins University. Global deaths: At least 6,513, according to Johns Hopkins University. US cases: At least

New York Gov. Andrew Cuomo and New York Mayor Bill DeBlasio speak during a news conference on the first confirmed case of COVID-19 in New York, on March 2, 2020 in New York City. David Dee Delgado | Getty Images New York Gov. Andrew Cuomo warned Monday that the COVID-19 outbreak will stretch U.S. hospitals

A gate area at Fort Lauderdale-Hollywood International Airport is crowded with travelers awaiting Delta flight 1420 to Atlanta Saturday, March 14, 2020. John Scalzi | AP The Trump administration is weighing “all options” to curb the coronavirus outbreak in the U.S., including an outright halt to on domestic air travel, a senior official said Sunday.

A ticket agent helps travelers arriving on a flight from Frankfurt, Germany before travel restrictions are enacted hours later on flights from Europe entering the U.S. because of concerns of the novel coronavirus (COVID-19) at the Denver International Airport outside Denver, Colorado, U.S. March 13, 2020. Jim Urquhart | Reuters Thousands of Americans returning home

A customer pays for her groceries after shopping at a Walmart store ahead of the Thanksgiving holiday in Chicago. Kamil Krzaczynski | Reuters Walmart is reducing hours at all of its U.S. stores to allow more time to replenish shelves and clean and sanitize stores, the retailer announced Saturday in a letter on its website. The national retailer