Business

The coronavirus pandemic has upended the retail industry and pushed dozens of companies into bankruptcy.  But there are still pockets of growth, with a number of retailers looking to open additional stores.  Altogether, as of Friday, retailers have announced 7,707 store closures and 3,344 store openings so far this year, according to a tracking by

John David Washington stars in the upcoming spy-thriller “Tenet” from director Christopher Nolan. Warner Bros. After months of delays Christopher Nolan’s “Tenet” finally landed in U.S. theaters over the weekend, cashing in more than $20 million in ticket sales. The spy thriller, distributed by Warner Bros., inched closer to $150 million globally, the company reported,

Greg Berndt takes a selfie as the thermometer reads 131 degrees Fahrenheit (55 Celsius) at the Furnace Creek Visitors Center in Death Valley, California, U.S. August 17, 2020. David Becker | Reuters A dangerous heat wave is expected to hit California over the weekend and trigger one of the hottest days in state history. Temperatures

This week’s announcement of the permanent closure of the iconic 44-story Hilton Times Square hotel in the heart of New York City was a wake-up call for the embattled hospitality industry, especially in urban markets suffering from a coronavirus-driven tourism drought. The move follows a decision earlier this week by Ashford Hospitality to hand over the

DETROIT – Jeep aims to punch above its weight with the arrival next year of the Grand Wagoneer, a vehicle will top $100,000 fully loaded and bring the brand into the highly profitable large SUV segment. But defying skeptics as an underdog is something its parent company, Fiat Chrysler, has taken pride in doing as the smallest

Roberto Arias prepares a grave for burial at Woodlawn Cemetery during the coronavirus disease (COVID-19) outbreak in Everett, Massachusetts, U.S., May 27, 2020. Brian Snyder | Reutes The U.S. will top more than 410,000 Covid-19 deaths by the end of the year as the country heads into the fall and winter, according to a new forecast from the Institute

Liu Yifei stars in Disney’s “Mulan.” Disney There’s a reason that blockbuster tentpoles are meant to be seen in theaters. Unfortunately, for audiences in the U.S., the ongoing coronavirus pandemic forced Disney to postpone its theatrical release of “Mulan” and, ultimately, give it a home on Disney+. The film, which seeks to merge the 6th

With Labor Day weekend approaching, top U.S. health officials are pleading with the American public to maintain public safety precautions, such as mask-wearing and social distancing. The U.S. is headed into the fall with a troubling level of spread if the country can’t bring the daily numbers down through September, White House coronavirus advisor Dr.

Robert Pattinson dons the cowl in Matt Reeves’ “The Batman.” Warner Bros. Robert Pattinson, the latest actor to don the Batman cowl, has tested positive for Covid-19, according to multiple media reports. Warner Bros. confirmed earlier Thursday that production on Matt Reeves’ “The Batman” had been halted in the U.K. after a crew member tested

Dado Ruvic | Reuters Johnson & Johnson‘s potential coronavirus vaccine prevented severe illness in a small group of Syrian golden hamsters, the company announced Thursday. J&J researchers vaccinated hamsters with a single dose and then exposed the rodents to the virus four week later, the company said. J&J said the vaccine elicited neutralizing antibodies, which

Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies at the House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Kevin Dietsch | Pool via Reuters White House coronavirus advisor Dr. Anthony Fauci said Wednesday that the number of daily coronavirus cases in the United

Grant Mohn of Las Vegas attempts to fry an egg in the parking area at Badwater Basin, the lowest point in North America at 279 feet below sea level, in Death Valley National Park, California, U.S. August 17, 2020. David Becker | Reuters As the world heats up, cities with heat-trapping asphalt and little tree

Convalescent plasma from a recovered coronavirus disease (COVID-19) patient is seen at the Central Seattle Donor Center of Bloodworks Northwest during the outbreak in Seattle, Washington, April 17, 2020. Lindsey Wasson | Reuters A panel of experts convened by the National Institutes of Health said Tuesday there is “insufficient data” to show convalescent plasma works against

A medical provider bags a completed test at the STRIDE Community Health Center’s COVID-19 drive-thru testing site at the Aurora Health and Wellness Plaza March 26, 2020. Andy Cross | The Denver Post | Getty Images Florida Gov. Ron DeSantis is ordering state health agencies to cut ties with Quest Diagnostics, one of the country’s

Peter Navarro, director of the National Trade Council, speaks to members of the media outside the White House in Washington, D.C., on Friday, Aug. 28, 2020. Stefani Reynolds | Sipa | Bloomberg | Getty Images A House oversight subcommittee has opened a probe of all federal contracts negotiated by White House trade advisor Peter Navarro after the

An empty parking lot is seen outside a closed JC Penney Co. store in Mt. Juliet, Tennessee, on Thursday, April 16, 2020. Luke Sharrett | Bloomberg | Getty Images Talks had been progressing with three potential bidders, including the mall owners Simon Property Group and Brookfield, to salvage the department store chain J.C. Penney —

Utz Brands CEO Dylan Lissette Source: Utz Brands Utz Quality Foods gained market share as consumers stockpiled its pretzels and potato chips for quarantine snacks at the start of coronavirus lockdowns, helped by its direct-store delivery model. “Our path from manufacturing to putting it on the shelf is very fast. It can literally happen in

As stimulus talks remain deadlocked in Washington, the situation on Main Street is becoming increasingly dire. The window to apply for new Paycheck Protection Program loans has expired and many who have accessed loans have used the funding. As businesses operate with limited capacity due to Covid-19 restrictions, new data show many anticipate more aid

People visit the M&M store in Times Square on July in New York City. Spencer Platt | Getty Images A former Mars executive is claiming that a member of the family and the company’s board “stamped” on his foot and told him that he would regret his choice to leave for a position with JAB

Gavin Newsom, governor of California. Rich Pedroncelli | AP | Bloomberg via Getty Images California Gov. Gavin Newsom announced on Friday a new framework for individual counties to reopen, outlining the possibility of non-essential indoor businesses and schools to return depending on the coronavirus’ spread in the area.  The state will adopt a four-tiered approach

CDC Director Dr. Robert Redfield testifies during a Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington, D.C. Kevin Dietsch | Reuters Whichever coronavirus vaccine candidates win regulatory approval in the U.S. will likely be in short supply once they are cleared for public distribution, Director of the Centers for

While Lousiana appears to have avoided the worst projections for Hurricane Laura, the storm is disrupting the state’s coronavirus response at a particularly crucial time as schools reopen, state officials and epidemiologists said. Louisiana Gov. John Bel Edwards warned earlier this week that the storm would disrupt the state’s coronavirus response efforts. “The challenge is

The Henry Ford II World Center, headquarters of the Ford Motor Company in Dearborn, Michigan. James Leynse | Corbis | Getty Images DETROIT — Ford Motor remains under federal investigation as part of a multi-year corruption probe into the United Auto Workers union, according to the lead prosecutor on the investigation. U.S. Attorney Matthew Schneider told CNBC that

A sign displays a new rapid coronavirus test on the new Abbott ID Now machine at a ProHEALTH center in Brooklyn on August 27, 2020 in New York City. The portable Abbott ID Now uses a nasal swab to detect acute and infectious cases of COVID-19. ProHEALTH is offering the new service, which can deliver

Hurricane Laura, now a Category 4 storm, is barreling towards the coasts of Louisiana and Texas with winds of 140 miles per hour and the threat of an “unsurvivable” storm surge with large and destructive waves that “will cause catastrophic damage,” according to the National Hurricane Center.  Laura’s storm surge could reach as high as 15 to

Workers board up a beach-front house ahead of Hurricane Laura in Galveston, Texas, U.S., on Tuesday, Aug. 25, 2020. Scott Dalton | Bloomberg | Getty Images Hurricane Laura, a major Category 3 storm, is set to hit near the Texas-Louisiana border on Thursday morning as local officials scramble to evacuate thousands of residents.  Laura rapidly

A General Motors employee works Dec. 13, 2019 at the automaker’s plant in Wentzville, Missouri. Photo by Melissa Vaeth for General Motors General Motors is using salaried employees to fill in for hourly union workers absent due to coronavirus to keep a Missouri truck plant operating. High rates of absenteeism at the company’s Wentzville Assembly plant in

Moviegoers wear face masks in a screening hall at a cinema almost six months after its closure due to the coronavirus pandemic on July 24, 2020 in Beijing, China. China News Service | China News Service | Getty Images Since reopening in July, the Chinese box office has flourished, proving that with time and ample

Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. Michael A. McCoy | Getty Images Delta Air Lines will furlough 1,941 of its pilots in October unless it can reach a cost-cutting agreement with the employees’ labor union, the airline said Monday. U.S. airlines

Scientists and public health officials said Monday they are skeptical convalescent plasma is an effective treatment for patients hospitalized with Covid-19, even after the Food and Drug Administration issued an emergency use authorization for the treatment and President Donald Trump touted it as a “breakthrough.” There are no formally approved drugs or vaccines for the coronavirus.