Reusable shopping bags are displayed beneath a checkout counter at a Michaels craft store in Cincinnati, Ohio. Luke Sharrett | Bloomberg | Getty Images Arts and crafts retailer Michaels Companies said on Wednesday it had entered into an agreement to be bought by the private-equity firm Apollo Global Management in a deal valued at $5
Business
Johnson & Johnson CEO Alex Gorsky discussed Tuesday the company’s unprecedented partnership with rival Merck to boost production of its Covid-19 vaccine. “Extraordinary times take extraordinary efforts,” Gorsky told CNBC’s Jim Cramer in a “Mad Money” interview. “What this means is that Americans are going to get shots in the arm faster, and we’re very
The Nordstrom sign is seen on the front of the company’s flagship store in Seattle. The luxury retailer is expected to report its first quarter earnings soon. Due to the COVID-19 pandemic, many of the company’s locations are closed. Toby Scott | Barcroft Media | Getty Images Nordstrom on Tuesday reported fourth-quarter sales and earnings
Penske has a fleet of more than 50,000 vehicles, ten times the size of Fluid Truck’s current fleet. Getty Images A decade after ride-sharing exploded in popularity, a start-up from just outside Denver, Colo. is betting there’s an untapped market for those looking to share commercial-trucks in a market dominated by the likes of Penske
States are easing social distancing rules but it’s “too soon” to roll back Covid restrictions, Dr. Atul Gawande warned on CNBC’s “The News with Shepard Smith.” “We are currently at levels of cases that are still above the highest level of our last surge, so we haven’t even come down below the surge last summer,”
Nick Gregory, a 26-year-old manager, vapes on a JUUL at Botany Bay in Lexington, Ky. Charles Bertram | Tribune News Service | Getty Images The Federal Trade Commission said Monday that it requested five e-cigarette makers provide the agency with sales and advertising data for 2019 and 2020. The companies cited by the FTC were
Johnson & Johnson Coronavirus vaccine illustration Dado Ruvic | Reuters An advisory panel to the Centers for Disease Control and Prevention voted Sunday to recommend the use of Johnson & Johnson‘s one-shot Covid-19 vaccine as the federal government prepares to ship out millions of doses this week. Once CDC Director Dr. Rochelle Walensky accepts the
Eddie Segura #4 of Los Angeles FC defends against Sergio Santos #17 of Philadelphia Union during the MLS match at the Banc of California Stadium on March 8, 2020 in Los Angeles. Shaun Clark | Getty Images U.S. professional football and basketball have a future, baseball needs help and global soccer, including Major League Soccer,
New York Gov. Andrew Cuomo speaks to reporters during a news conference at a COVID-19 pop-up vaccination site in William Reid Apartments in Brooklyn, New York City, U.S., January 23, 2021. Mary Altaffer | Reuters New York Gov. Andrew Cuomo on Sunday backed off his plan to appoint a former federal judge, who has a
President Joe Biden arrives at Ellington Field Joint Reserve Base in Houston, Texas, U.S., February 26, 2021. Jonathan Ernst | Reuters President Joe Biden on Saturday told Congress that the airstrikes he ordered in Syria this week were consistent with the U.S. right to self-defense, as members of his own party called for more transparency
The Food and Drug Administration has approved Johnson & Johnson‘s Covid-19 vaccine for emergency use, giving the United States a third tool to fight the pandemic as highly contagious variants start to take root across the country. The FDA’s emergency use authorization Saturday kickstarts the federal government’s plan to distribute nearly 4 million doses of
United Airlines passengers wait in the boarding area for their flights at Denver International Airport in Denver, Colorado. Robert Alexander | Getty Images United Airlines‘ latest ski destinations will be accessible by bus. The Chicago-based airline on March 11 will start offering three-times-a-day bus service from its Denver International Airport hub to Breckenridge, Colorado and
CNBC’s Jim Cramer said that he was encouraged by the trading activity he saw in tech and growth stocks as the market on Friday continued to grapple with fears that inflation is on the rise. He warned, however, that investors should be prepared for how the market may respond to the February labor report set
Johnson & Johnson board member Dr. Mark McClellan says the company expects 20 million doses delivered by the end of March as the U.S. becomes one step away from adding a third safe and effective vaccine to its arsenal. “There is going to be a ramp-up period, so 4 million doses expected next week, going
Preflight operations underway on the company’s SpaceShipTwo vehicle Unity and mothership Eve. Virgin Galactic Virgin Galactic shares fell in trading on Friday after the company’s fourth quarter results revealed delays to its test flight program, with the expected launch of its commercial service now pushed to 2022. The space tourism company reported a quarterly loss
Airline stocks are the most overbought they’ve been in years, chart analyst Matt Maley said Thursday. Travel stocks were swept up by a broader market sell-off in Thursday’s trading session, with airline, hotel and cruise line names paring back after substantial year-to-date rallies. The reversal could mark the start of a larger setback, particularly for
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters Embattled electric truck start-up Nikola is paying $8.1 million in attorney fees for ousted founder and chairman
A journalist looks at a display at the exhibition center for the Beijing 2022 Winter Olympics in Yaqing district on February 5, 2021 in Beijing, China. Kevin Frayer | Getty Images The Biden administration has yet to decide whether or not the U.S. will boycott the 2022 Winter Olympics in Beijing, the White House said
Game maker Hasbro. Justin Sullivan | Getty Images Roughly three months after Hasbro closed its $3.8 billion acquisition of Entertainment One, the pandemic struck, upending the entertaintment industry. Covid shut down production and restricted in-person contact between the Rhode Island-based toy company and the Toronto-based studio known for “Peppa Pig” and “PJ Masks.” Although Hasbro
Dr. Peter Hotez told CNBC’s “The News with Shepard Smith” that people in the U.S. should not become complacent because of dropping Covid cases, especially amid new reports of a new variant, B.1.526, spreading in New York. “We’re all high fiving ourselves because the numbers are going down, and I am saying that we are