Texas Governor Greg Abbott announced the US Army Corps of Engineers and the state are putting up a 250-bed field hospital at the Kay Bailey Hutchison Convention Center in downtown Dallas during a press conference at the Texas State Capitol in Austin, Sunday, March 29, 2020. Tom Fox | Getty Images Texas will lift its
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A technician at Regeneron Pharmaceuticals headquarters in Tarrytown, New York. Mike Segar | Reuters A rheumatoid arthritis drug made by Regeneron and Sanofi showed promise for treating the sickest coronavirus patients in a clinical trial but was not beneficial for patients with less-advanced disease, prompting the companies to stop testing the medicine in that group. The drug,
The COVID-19 pandemic has forced millions of Americans to work from home. But when it’s all over, many people are thinking that trip from the kitchen to the living room may not be such a bad commute. States of Play, a joint CNBC/Change Research survey of swing states, finds 42% of respondents nationwide saying they
As bars and restaurants remain shuttered in response to the coronavirus pandemic, Boston Beer is turning millions of dollars of expired beer into ethanol to recoup some of its lost sales. Beer sales rose 11.6% in the week ended April 11, according to Nielsen data, as consumers drink more at home. But the spike doesn’t benefit craft
California governor Gavin Newsom Rich Pedroncelli | Pool | AP California Gov. Gavin Newsom announced the launch of a new program Friday called “Restaurants Deliver: Home Meals for Seniors,” which will use local eateries to prepare and deliver free food for older adults in need. Created through a partnership with the Federal Emergency Management Agency,
Boeing is once again pushing back the time frame for when it expects to have the 737 Max recertified for flight as the coronavirus pandemic hinders progress. Sources familiar with the latest expectations for fixing the Max tell CNBC that the plane is unlikely to be given the green light until late summer. That is
Peloton CEO John Foley celebrates at the Nasdaq MarketSite before the opening bell and his company’s IPO, Thursday, Sept. 26, 2019 in New York. Mark Lennihan | AP Shares of Peloton finished the day up more than 6% Friday after the company said it held its largest class ever earlier this week, with more than
The coverage on this live blog has ended — but for up-to-the-minute coverage on the coronavirus, visit the live blog from CNBC’s Asia-Pacific team. The House passed a $484 billion stimulus package to bolster small businesses and hospitals ravaged by the coronavirus crisis in the latest effort from lawmakers to ease the effects of coronavirus
Ruth’s Chris Steakhouse Source: Ruth’s Chris Steakhouse Ruth’s Chris Steakhouse owner, Ruth’s Hospitality Group, announced Thursday that it is repaying the $20 million it received under the federal government’s Paycheck Protection Program. “We intended to repay this loan in adherence with government guidelines, but as we learned more about the funding limitations of the program and
A salesman talks to a person in a vehicle at a Fiat Chrysler Automobiles (FCA) car dealership in Moline, Illinois. Daniel Acker | Bloomberg | Getty Images Big discounts, low financing rates and states loosening restrictions on auto dealerships are assisting in a sales rebound heading into the end of April, according to J.D. Power.
Businesses will have to show they have adequate safety measures in place when they reopen during the coronavirus pandemic, according to the CEO of a nonprofit that helps companies plan for and recover from disasters. “Customers are going to be demanding not just assumptions of safety but visible steps and measures that companies are taking
A United Airlines Boeing 787 Dreamliner sits parked at the terminal at San Francisco International Airport in San Francisco, California. Justin Sullivan | Getty Images United shares fell close to 2% in extended trading after the airline said it’s planning a fresh stock offering, the latest measure by a carrier to raise money as the
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Lindsey Wasson | Reuters The coronavirus pandemic, the threat of airline bankruptcies and a global recession. Now a historic oil glut and price crash are adding to the woes of Boeing and Airbus. The
New York Governor Andrew Cuomo speaks during a press briefing about the coronavirus crisis at the Feinstein Institutes for Medical Research, Northwell Health in Manhasset, NY. Ron Adar | Barcroft Media | Getty Images Coronavirus deaths in New York remain “horrifically high,” even as some projections of the state’s outbreak suggest it may be on
Pedestrians pass by a J.C. Penney sign in New York. Scott Mlyn | CNBC America’s department stores are on a sinking ship, racing for a lifeboat that might not be big enough for all of them. For J.C. Penney, the bankruptcy clock is ticking after it skipped a mid-April interest payment. Its turnaround plans have been sidelined
A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images Following a rush for groceries and cleaning supplies, more Americans are looking to crack open a book. As people remain sheltered in their homes due to the coronavirus outbreak, online shopping has surged as
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 2,259,317 Global deaths: At least 154,694 US cases: More than 706,779 US deaths: At least 37,079 The data above was compiled by
A man wearing a face mask walks across the street in San Francisco. San Francisco Mayor London Breed announced a new health order Friday requiring city residents and workers to wear face coverings at essential businesses and on public transportation. The order goes into effect at 11:59 p.m. on Friday, but will not be enforced
Procter & Gamble on Friday reported that its fiscal third-quarter U.S. sales surged 10% as consumers stocked up on staples like Charmin toilet paper and Bounty paper towels ahead of the coronavirus outbreak. But the consumer products giant cut its revenue forecast for fiscal 2020, citing headwinds from foreign currency. Shares of the company rose less
A Gilead Sciences office is shown in Foster City, California, U.S. May 1, 2018. Stephen Lam | Reuters Gilead Sciences shares surged by more than 15% in after-hours trading Thursday after details leaked of a closely watched clinical trial of the company’s antiviral drug Remdesivir appeared to show promising results in treating Covid-19. The University
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond reported Wednesday fiscal fourth-quarter results that topped analysts’ estimates, but warned it could not make predictions for 2020 due to the coronavirus pandemic. The company said that despite widespread, temporary store closures, it still
The World Health Organization is turning to other countries to help fill any gaps in financing its Covid-19 response work after U.S. President Donald Trump said the United States would withhold contributions. “The United States of America has been a long-standing and generous friend to the WHO and we hope it will continue to be
Christine McCarthy, a nurse for over 20 years and a palliative nurse for the past year, sits for a portrait on an empty hospital bed at Massachusetts General Hospital in Boston on Apr. 2, 2020. Here at the states largest hospital, staff are coping with unprecedented realities in this coronavirus pandemic and deeply worried about what
People need to get back to work — and will likely spend weeks in the office — before they get back in the mall, according to the owner of Hudson Yards in New York. “My guess is we go back to offices first,” Related Companies CEO Jeff Blau told CNBC’s Andrew Ross Sorkin on Tuesday. “I think
Reported COVID-19 cases around the world approached two million on Monday, doubling in 11 days as World Health Organization officials caution patience before lifting social distancing restrictions. Covid-19 has infected more than 1,918,855 people around the world and killed at least 119,588 people, according to data compiled by Johns Hopkins University. Hopkins’ data previously showed that the cases had passed
Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Ford Motor shares dropped by about 3% after the automaker warned of a 15.7% drop in first-quarter revenue as the coronavirus depresses sales
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 1,709,000 Global deaths: At least 103,536 US cases: More than 501,600 US deaths: At least 18,777 The data
Restaurants in the U.S. are reeling from city- and statewide coronavirus initiatives that shut down many dining rooms essentially overnight. As Americans stay inside and refrain from going out to eat, small and independently owned restaurants are facing massive uncertainty. The National Restaurant Association estimates that 3 million industry employees have already lost their jobs,
File photo of an almost-empty passenger plane. Laurel Chor | Getty Images The country’s largest airlines will have to compensate taxpayers for billions in payroll grants to weather coronavirus, the Treasury Department said Friday, leaving the door open to an aid structure that sparked criticism from labor unions, some lawmakers and industry members. The Treasury
Greektown, a popular casino and restaurant area of Detroit, sits deserted during evening rush hour on April 6, 2020. Michael Wayland / CNBC The streets of downtown Detroit are desolate. Its factories are shuttered. A city that for the first time in a lifetime was showing strong signs of a resurgence has been brought to
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