Business

Republican Sen. Rand Paul challenged one of the Trump administration’s top health advisors on the coronavirus pandemic, questioning why the U.S. shouldn’t reopen schools in the fall when relatively few children die from Covid-19.  “Shouldn’t we at least be discussing what the mortality of children is?” Paul asked White House coronavirus task force advisor Dr.

The Swedish government said the funding boost should be enough to fund training for 10,000 people. Maskot/Getty Images The Swedish government has pledged to spend an additional 2.2 billion Swedish krona ($226 million) on care for the elderly, as its death toll from the coronavirus continues to rise.  Sweden’s government said Tuesday the funds would

Many recovered Covid-19 patients are reporting a longer road to “full health” than expected and some appear to have relapsed, the World Health Organization said Monday. Researchers around the world are still trying to understand exactly how the coronavirus affects the human body. WHO officials say they are working with governments and hospitals around the

Jeremy Kennedy, a Ford employee, secures the engine and transmission to the subframe of a new 2020 Explorer at Chicago Assembly Plant. Ford Not even during the Great Recession and bankruptcies of General Motors and then-Chrysler did the automotive industry come to a standstill like it has during the coronavirus pandemic. U.S. automakers are losing

A view of a store front with sign Out of Business in Soho area New York City USA during coronavirus pandemic on April 27, 2820. John Nacion | NurPhoto | Getty Images The U.S. economy was slowing last year, but many companies entered 2020 with reasons to be optimistic and expansion plans to match. Hotel

A pedestrian adjusts his facemask while walking past a closed Artisan House restaurant in Los Angeles on May 7, 2020. Frederic J. Brown | AFP | Getty Images The Covid-19 pandemic continues to disrupt economies and lives in ways we never could have imagined. But the world won’t stay on lockdown forever. We asked public health

Nordstrom announced earlier this week it will be permanently closing 16 of its department stores, after assessing each state that it operates in and the hit it is taking because of the coronavirus pandemic.  The company today has 116 full-line stores, absent its off-price Nordstrom Rack locations and Trunk Club business. All of its stores have

Paramedic Randy Lilly, wearing personal protection equipment (PPE), tends to a 10-month-old boy with fever while riding by ambulance with the infant’s mother to Stamford Hospital on April 04, 2020 in Stamford, Connecticut. Fever is a common symptom of COVID-19, although cases with young children are relatively rare. The child’s status is unknown. John Moore

The April jobs report is due to be released at 8:30 a.m. ET and it’s expected to show the worst job losses ever reported as coronavirus restrictions shuttered businesses for the month and put millions out of work. State officials are now attempting to thread the needle between reopening parts of the economy and preventing

A health worker processes a Covid-19 antibody test for a patient at the Diagnostic and Wellness Center in Torrance, California, on May 5, 2020. Valerie Macon | AFP | Getty Images Medical experts say that consumers will need to test themselves in huge numbers for Covid-19 at home in order for the economy to safely

Couples wearing face masks amid concerns over the COVID-19 novel coronavirus walks through a market in Seoul on April 22, 2020. Ed Jones | AFP | Getty Images The tulips were blooming in Seoul and Dr. Jerome Kim was strolling in his government-issued KF-94 mask with his wife when he got a text message alerting

Shares of Moderna surged by more than 16% in premarket trading Thursday after it announced that the Food and Drug Administration cleared its coronavirus vaccine for phase 2 trial, what the company called a “crucial step.”  Moderna said it will begin phase 2 trials with 600 participants shortly and is finalizing plans for a phase 3 trial

Flight attendants talk in a nearly empty cabin on a Delta Airlines flight operated by SkyWest Airlines as travel has cutback, amid concerns of the coronavirus disease (COVID-19), during a flight departing from Salt Lake City, Utah, April 11, 2020. Jim Urquhart | Reuters A lobbying group representing U.S. airlines on Wednesday said federally mandated

General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks. GM General Motors is set to report its first-quarter earnings before the bell on Wednesday as the company grapples with the fallout from the coronavirus pandemic that’s shuttered

Medical workers take in patients outside of a special coronavirus intake area at Maimonides Medical Center on May 04, 2020 in the Borough Park neighborhood of Brooklyn, New York. Spencer Platt | Getty Images The coronavirus that emerged in Wuhan, China over four months ago has since mutated and the new, dominant strain spreading across

As many states are re-opening for business, sobering estimates about the potential spread of Covid-19 in the U.S. are emerging. An interagency report from the U.S. departments of Homeland Security, and Health and Human Services projected the number of coronavirus deaths will increase to about 3,000 each day by early June. The analysis also reportedly

Pharmaceutical companies continue to make headlines as governments and investors hang their hopes on a steady recovery from the Covid-19 pandemic. Gilead Sciences CEO Daniel O’Day said Sunday the company would be donating its entire supply of remdesivir to treat coronavirus patients. Roche Chairman Christoph Franz said the drugmaker will invest more than $437 million in a

A Delta Air Lines jet taxis passes Southwest Airlines jets to be parked with a growing number of jets at Southern California Logistics Airport (SCLA) on March 24, 2020 in Victorville, California. David McNew | Getty Images U.S. airline shares were down sharply again on Monday after Warren Buffett over the weekend said Berkshire Hathaway sold

A farmer checks on young female pigs at a hog farm in Smithville, Ohio, U.S., on Thursday, April 30, 2020. Dane Rhys | Bloomberg | Getty Images As the coronavirus pandemic disrupts supply chains across the country, farmers are being forced to destroy their crops, dump milk and throw out perishable items that can’t be

Coronavirus safety actions for Ford include required face masks for everyone entering a Ford facility. Every Ford team member will be provided a care kit including a face mask and other items to help keep them healthy. Ford U.S. auto plants weren’t supposed to be closed this long due to the coronavirus pandemic. When the

Donated food and supplies from TSA workers for airport workers who are on reduced hours and/or paychecks, April 30, 2020. Source: TSA The steep decline in air travel caused by the Covid-19 pandemic has triggered layoffs, furloughs and shortened work hours for airport employees and contract workers ranging from wheelchair attendants and baggage handlers to

A woman wearing a face mask as a preventive measure against the spread of the COVID-19 Coronavirus, runs with Cruise Ships docked in the background at the port of Long Beach, California on April 11, 2020. Apu Gomes | AFP | Getty Images The U.S. House Committee on Transportation and Infrastructure on Friday called for Carnival

Lucas Gebel makes sausage while processing hogs at Elma Locker & Grocery on July 25, 2018 in Elma, Iowa. Scott Olson | Getty Images About 3% of workers in over 100 meat processing plants have tested positive for the coronavirus as conditions allow the virus to spread rapidly and low-wage workers are incentivized to continue

Family Dollar Store, anti-bacterial wipes and cleaning products. Jeff Greenberg | Getty Images Clorox on Friday reported that its fiscal-third quarter sales climbed 15% as consumer demand for its cleaning products soared in response to the coronavirus pandemic. Shares of the company rose 3% in premarket trading. Here’s what the company reported for the quarter

A United Airlines plane prepares to take off at the Benito Juarez International airport in Mexico City, on March 20, 2020. Pedro Pardo | AFP | Getty Images United Airlines Thursday posted its biggest quarterly loss since 2008 and expects to burn an average of $40 million to $45 million a day in the second quarter as

McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY. Eduardo Munoz | Getty Images McDonald’s is expected to report earnings before the bell Thursday. Wall Street is anticipating earnings per share of $1.57 on revenue of $4.65 billion, based on a survey of

A Prime Air cargo plane, operated by Amazon.com Inc., sits on display with other passenger jets during the 53rd International Paris Air Show at Le Bourget, in Paris, France. Jason Alden | Bloomberg | Getty Images As millions of would-be travelers stay home because of the coronavirus pandemic, one airline has found an eager customer: Amazon.

An employee works near a Boeing 737 Max aircraft at Boeing’s 737 Max production facility in Renton, Washington, U.S. December 16, 2019. Lindsey Wasson | Reuters Boeing is scheduled to report first-quarter earnings before the market opens on Wednesday, as the company faces both coronavirus and the more than yearlong grounding of its best-selling plane, the

A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Best Buy said it will gradually reopen its doors to customers with in-store consultations by appointment. Starting in May, the company said about 200 of its U.S. stores will allow shoppers to schedule a time

A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, March 26, 2019. Mike Blake | Reuters Southwest Airlines on Tuesday posted its first quarterly loss since 2011 and predicted “no material improvement in air travel trends” this spring as coronavirus devastates demand. The Dallas-based airline