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A patient recovering from COVID-19 at Marianjoy Rehabilitation Hospital in Wheaton, Illinois, on September 30, 2020. Terrence Antonio James | Tribune News Service | Getty Images The United States reported more than 71,600 new coronavirus cases on Thursday, approaching a record number of daily infections set in late July as the outbreak takes root across

Shares of General Motors closed Thursday at their highest price so far this year following the successful debut Tuesday of the new GMC Hummer EV as well as the automaker’s announcement earlier in the week of more than $2 billion in new U.S. investments to support electric vehicles. The stock settled at $37.41 a share,

A Southwest Airlines plane lands next to a United Airlines plane at San Francisco International Airport. Justin Sullivan | Getty Images Airlines spent the first few weeks of the pandemic slashing routes and parking hundreds of planes to cut costs as passenger numbers fell to the lowest levels since the 1950s. Some airlines are now

A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly same-store sales growth of more than 8%, but a shift to delivery is boosting costs and resulting in

Shares of embattled electric vehicle start-up Nikola jumped by almost 12% during premarket trading Wednesday after a General Motors executive said the automaker still sees a tie-up with the company being a great opportunity. GM President Mark Reuss said the automaker continues “to work the opportunity” of its $2 billion deal with Nikola that was

Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Ford Motor plans to launch its self-driving commercial business in 2022 with vehicles based on the Ford Escape Hybrid crossover, the company said Tuesday. The vehicles are the automaker’s fourth-generation self-driving test vehicles in partnership

As the Ford Bronco and Jeep Wrangler battle over traditional off-road supremacy next year, General Motors has its sights set on a new segment with a different competitor: Tesla. The Detroit automaker resurrects the Hummer on Tuesday night as an all-electric “supertruck” that’s set to go on sale in roughly a year – likely ahead,

High earners in New York and California could face combined federal and state tax rates of 62% under Democratic presidential nominee Joe Biden’s tax plan, according to tax experts. While Americans earning less than $400,000 would, on average, receive tax cuts under Biden’s plan, the highest earners would face double-digit increases in their official tax

Medical workers deliver a patient to the Maimonides Medical Center on September 14, 2020 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Coronavirus hospitalizations are growing in a majority of U.S. states as Dr. Anthony Fauci, the nation’s leading infectious disease expert, warns that the world is not yet “on

Cans of diet cola Tab brand soft drink produced by the Coca-Cola Company are displayed at a supermarket in the Brooklyn borough of New York, July 26, 2011. Ramin Talaie | Corbis Historical | Getty Images Coca-Cola said Friday that Tab, its first diet soda, is among the drinks headed for retirement as it trims

A member of the medical staff treats a patient suffering from the coronavirus disease (COVID-19) at the Intensive Care Unit (ICU) of the Slany Hospital in Slany, Czech Republic, October 13, 2020. David W. Cerny | Reuters The World Health Organization said Friday that Europe‘s coronavirus outbreak is “concerning” as the number of available intensive

Ford is beginning production on the latest version of its F-150 full-size pickup truck, which is the bestselling vehicle in the United States and a crucial product for the automaker. Ford’s F-Series lineup of full-size trucks is the industry’s leading truck brand, and the F-150 makes up the lion’s share of sales. It has been

ByteDance Ltd.’s TikTok website is displayed on a smartphone in an arranged photograph. Andrew Harrer | Bloomberg | Getty Images Social media has long been used by toy companies to reach kids, but as the coronavirus pandemic has taken play dates and recess off the table, apps like TikTok have become more important than ever. 

A volunteer is injected with a vaccine as he participates in a coronavirus disease (COVID-19) vaccination study at the Research Centers of America, in Hollywood, Florida, U.S., September 24, 2020. Marco Bello | Reuters The Trump administration on Friday announced a deal with CVS Health and Walgreens to administer coronavirus vaccines to the elderly and

Adrees Latif | Reuters Friday marks the deadline for state health officials across the U.S. to submit plans to the federal government on how they will inoculate hundreds of millions of Americans against Covid-19 once a vaccine is approved.  States have about two weeks to set up distribution centers across the country to meet the

Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California.  Source: Noah Berger | General Motors Cruise, a majority-owned subsidiary of General Motors, plans to begin testing unmanned autonomous vehicles by the end of

A United Airlines plane seen at the gate at Chicago OHare International airport (ORD)on October 5, 2020 in Chicago, Illinois. Daniel Slim | AFP | Getty Images United Airlines‘ CEO Scott Kirby on Thursday said he expects air travel demand to remain lower than normal until there’s a widely available coronavirus vaccine, but the worst

A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street

Bill Gates CNBC Billionaire philanthropist Bill Gates criticized the U.S. response to the coronavirus, telling CNBC the nation ranks “quite low compared to other countries” in executing testing and delivering a clear message on safe social practices such as wearing masks. “Our response in most respects has not been very good. And we would have

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C. Erin Scot | Pool | Reuters Health officials have struggled to convey the seriousness of Covid-19 to many Americans. President Trump’s rapid recovery from the disease, while welcome by

Homesick candles Source: Homesick For retailers looking to compete with Amazon around its annual Prime Day event, it’s not all about offering deep discounts to catch customers’ attention on the internet. Start-ups like Warby Parker, Allbirds, Outdoor Voices and Everlane rarely offer promotions. Many of these companies have built their businesses online around a playbook

Budrul Chukrut | LightRocket | Getty Images The study of Johnson & Johnson’s Covid-19 vaccine has been paused due to an unexplained illness in a study participant. A document sent to outside researchers running the 60,000-patient clinical trial states that a “pausing rule” has been met, that the online system used to enroll patients in

[The stream is slated to start at 11:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] World Health Organization officials are holding a press conference on Monday to update the public on the coronavirus outbreak as cases and hospitalizations continue to rise across the U.S. and

A Qatar Airways Boeing 777 In New York. Leslie Josephs | CNBC DUBAI, United Arab Emirates — The outlook for the airline industry continues to be bleak, and one CEO has issued a particularly devastating warning on its future as fears mount over a potential second wave of coronavirus infections this fall and winter.   “The

[embedded content] [The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] The World Health Organization is holding a briefing Friday on the coronavirus pandemic as daily cases hit a new record across the globe. The WHO reported 338,779 new

Gilead Sciences will have sufficient global supply of its coronavirus treatment remdesivir by the end of October, CEO Daniel O’Day told CNBC on Friday.  The comments came shortly after the publication of peer-reviewed final data from Gilead’s large-scale trial of remdesivir. It showed the antiviral drug helped Covid-19 patients who are hospitalized recover five days faster on

A man in a surgical mask walks through Manhattan’s Broadway Theatre district after Broadway shows announced they will cancel performances due to the coronavirus outbreak in New York, March 12, 2020. Andrew Kelly | Reuters Broadway theaters will remain closed through May. The Broadway League, a trade organization representing producers and theater owners, announced Friday

Brock Bagby, the executive vice president of B&B Theatres, next to his father Bob Bagby, the CEO. B&B Theatres B&B Theatres, the sixth largest cinema chain in the U.S., has been operating for nearly 100 years. Its owners now say it is months away from filing for bankruptcy protection. The family-owned business has 48 theaters

Noam Galai | WireImage | Getty Images Not even Santa knows what this holiday season is going to put under the tree for retailers.  The challenges brought on by the coronavirus pandemic have upended the retail industry – forcing stores and malls temporarily shut, pushing some companies into bankruptcy court and accelerating store closures. It

A medical worker takes a nasal swab sample from a student to test for COVID-19 at the Brooklyn Health Medical Alliance urgent care pop up testing site as infection rates spike on October 8, 2020 in New York City. Angela Weiss | AFP | Getty Images California-based lab test manufacturer GenMark Diagnostics announced Thursday that the Food