Business

Approximately two months after the coronavirus outbreak caused a nearly nationwide lockdown, 48 states have eased shelter-in-place restrictions — only Massachusettes and Connecticut kept strict lockdown rules in place — in an attempt to reinvigorate their local economies. An NBC News survey of 33 states and Washington, D.C., found the lockdown will cost states hundreds of billions

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.6 million Global deaths: At least 311,425 Most cases reported: United States (more than 1.4 million), Russia (272,042), United Kingdom, (241,461), Brazil (233,142) and Spain (230,698) The

It’s not typical for a bankruptcy court hearing to fall on a Saturday, and it’s nearly unprecedented for it to happen by phone. But as the coronavirus has battered the U.S. economy, J.C. Penney must navigate almost entirely uncharted territory as it looks to shed debt and emerge from bankruptcy a stronger company. The iconic

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 4.56 million Global deaths: At least 308,000 U.S. cases: More than 1.44 million U.S. deaths: At least 87,500

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.5 million Global deaths: At least 307,159 Most cases reported: United States (More than 1.4 million), Russia (262,843), United Kingdom (238,004), Spain (230,183), Italy (223,885). The data above was

Rachel Ford Hutman is embracing a more natural style a few months into the pandemic Source: Rachel Ford Hutman Rachel Ford Hutman, a California blonde for years, is now embracing a more natural look. After shelter-in-place was declared in San Diego to stem the spread of Covid-19, she tried to use a coloring spray to

7:42 am: Former FDA chief on what experts know about unique symptoms in children 7:37 am: Drive-ins offer haven for moviegoers, as traditional theaters stay shuttered GP: Coronavirus Drive-in cinema opens in Kaliningrad, Russia, amid COVID-19 pandemic 200508 Vitaly Nevar | TASS via Getty Images Once a dying piece of Americana, drive-ins have become a

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.4 million Global deaths: 302,025 Most cases reported: United States (over 1.4 million), Russia (252,245), United Kingdom (234,439), Spain (229,540), Italy (223,096) The data above was compiled by

California Gov. Gavin Newsom Rich Pedroncelli | AP California Gov. Gavin Newsom said on Thursday that the state’s unemployment rate could reach a peak of 24.5% due to the economic fallout from the coronavirus outbreak as his administration grapples with a budget shortfall of $54.3 billion.  Nearly 4.6 million Californians have filed for unemployment claims

7:50 am: Amazon is building face shields for frontline workers 7:10 am: Trump says he will mobilize military to deliver vaccine when there is one A Paratrooper assigned to the 1st Brigade Combat Team, 82nd Airborne Division, prepares for a Airborne Operation at Fort Bragg, N.C., on May 7. Spc. Hubert Delany III | US

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.3 million Global deaths: More than 296,600 Most cases reported: United States (over 1.38 million), Russia (over 242,200), United Kingdom (over 230,900), Spain (over 228,600), Italy (over

The NBA Playoffs logo and Official Spalding Balls before a game. Andrew D. Bernstein | National Basketball Association | Getty Images There’s a new ball coming to the National Basketball Association. The NBA has parted ways with longtime sporting goods company Spalding, which produces the NBA’s custom made basketballs, the league announced Wednesday. The new

Investors and health officials appear to grow increasingly worried about a potential second wave of Covid-19 cases and further economic downtown, as states and foreign governments move ahead with lifting restrictions. Stocks sold off on Tuesday, with the Dow shedding roughly 400 points in the final hour of trading and the Nasdaq Composite and S&P

Colorful prayer flags flutter auspiciously across snow-capped ranges. Good intentions float through breathtakingly rugged terrain. Like the centuries-old fortresses (dzongs) and monasteries (lakhangs) that shine flecks of white and gold against the verdant foothills of the Himalayas, Bhutan — which means the Land of the Thunder Dragon — is steeped in mystery. Enveloped by the

Scientist Xinhua Yan works in the lab at Moderna in Cambridge, MA on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Moderna CEO Stephane Bancel said he hopes U.S. and international regulators approve several

Businesses around the world are starting to plan for a restart to operations, as some executives hope the worst is behind us. President Donald Trump on Monday touted the country’s ability to test Americans for Covid-19 as central to reopening, however, health officials continue to warn about the potential for a resurgence in cases if

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.17 million Global deaths: At least 285,690 Most cases reported: United States (1,346,723), Spain (227,436), United Kingdom (224,332), Russia (221,344), and Italy (219,814).  The data above was

Elon Musk Mark Ralston | AFP | Getty Images Elon Musk could save billions of dollars in taxes over time if he moves his company and his home to Nevada or Texas, according to tax accountants. Musk, who is embroiled in a battle with the state of California and Alameda County over his efforts to

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

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.09 million Global deaths: At least 282,553 Most cases reported: United States (1,329,072), Spain (224,350), United Kingdom (220,449), Italy (219,070), Russia (209,688)   The data above was compiled by