Business

Patrick Hamilton | Bloomberg | Getty Images Rio Tinto said on Monday it will cut the short-term bonuses of its chief executive Jean-Sébastien Jacques and two other senior executives following a review of the company’s destruction of two ancient caves in Australia. The world’s biggest iron ore miner stopped short of firing any of its

An employee of the Emergency Operations Center (EOC) monitors tropical storm Laura in Santo Domingo, on August 22, 2020. Erika Santelices | AFP | Getty Images Marco strengthened into a hurricane over the Gulf of Mexico on Sunday on its way toward the Louisiana coast, according to data from an Air Force Reserve hurricane hunter aircraft.

An employee of the Emergency Operations Center (EOC) monitors tropical storm Laura in Santo Domingo, on August 22, 2020. Erika Santelices | AFP | Getty Images Tropical storms Marco and Laura were expected to develop into hurricanes as they gained strength and aimed for an unprecedented twin strike next week on the mainland U.S. Marco

Shannon Axelsson takes a break from sitting on the beach to be tested for the coronavirus disease (COVID-19) in Revere, Massachusetts, August 11, 2020. Brian Snyder | Reuters New coronavirus cases in the U.S. grew by nearly 48,700 on Friday, marking seven consecutive days the daily count fell below 50,000 as the nation gradually descends

Lisa Taylor receives a COVID-19 vaccination from RN Jose Muniz as she takes part in a vaccine study at Research Centers of America on August 07, 2020 in Hollywood, Florida. Joe Raedle | Getty Images The World Health Organization said Friday that a vaccine will be a “vital tool” in the global fight against the

Robert Redfield, director of the Centers for Disease Control and Prevention (CDC), speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Erin Scott | Pool | Reuters The U.S. could get the coronavirus pandemic under control if most Americans wear masks, embrace social distancing and practice good

National Development and Reform Committee announced that we are ready to launch iron ore futures in Beijing, China. TPG | Getty Images Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic. Spot iron ore prices rose to around $130

Noam Galai | Getty Images Entertainment | Getty Images For the first time in five months, major movie theater chains will reopen their doors to the American public starting Thursday.  Throughout the pandemic, independent cinemas and drive-ins have been home to rereleases of Hollywood favorites like “Star Wars,” “Jurassic Park” and “Jaws,” as well as

Australian carrier Qantas expects about half of its international operations to get back on track by the middle of 2022, CEO Alan Joyce said on Thursday.  “International, we think, will take a bit of time to recover. In financial year 2022, we are only expecting to get 50% of our international operation back and we’re thinking it

United States Postal Service (USPS) employee Brandis Neal delivers an Amazon Prime package in Houston, Texas, U.S., August 18, 2020. Adrees Latif | Reuters Nathan Geissel, who lives in rural Oregon, has been waiting more than nine days for a life-saving medication to arrive in the mail. As far as he knows, it’s stuck in

A plume of smoke rises from the Ranch 2 Fire on August 15, 2020 as seen from Azusa, California. Mario Tama | Getty Images California Gov. Gavin Newsom declared a state of emergency Tuesday to ensure the states receive vital resources amid wildfires that have exacerbated a stifling heat wave. At least 27 fires are raging

Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Walmart‘s fiscal second-quarter sales got a boost from this spring’s stimulus checks, but that tapered off in July as shoppers spent that money. Now, the retail giant is waiting to see if the government

In early July, Shannon Mayer started to feel a sudden tightness in her chest. “The next day it was really hard to breathe,” the 31-year-old Chicago resident told CNBC. “I got scared.” Mayer has asthma, but says she hadn’t had an issue with it for years. So she decided to get a test for Covid-19. The

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 Just as the U.S. labor market shows signs of recovery, tens of thousands of airline workers are preparing themselves for economic pain from the coronavirus pandemic to come

United Flight Attendant Jennifer Ritter. Source: Jennifer Ritter The coronavirus pandemic has been so devastating to the airline industry that even flight attendants with decades of experience have been told that their jobs are at risk. Jennifer Ritter is one of them. “I can’t see myself doing anything else,” said Ritter, 50, who joined United Airlines as

Newport Beach, California, comes in at No. 2 in Hotwire’s 2020 list of “itty bitty city” destinations for quick nearby summer getaways. Westend61/Getty Images Summer is nearly over, and the Covid-19 pandemic shows no sign of abating. Many Americans, who put their vacation plans on hold, are thinking about when they might get away. Shorter

A small bottle labeled with a “Vaccine” sticker is held near a medical syringe. Dado Ruvic | Reuters The U.S. has doled out billions to develop a vaccine against the coronavirus that has infected more than 5.1 million people across the country, locking in a minimum of 800 million doses as soon as the immunizations

The Fat Radish Source: Steve Freihon The Fat Radish was supposed to celebrate its tenth anniversary in October.  But now, after months of uncertainty about its future, the restaurant known for its farm-to-table British food is shutting its doors forever, joining the scores of New York restaurants that have decided to close permanently.  Operating a

Russell Crowe stars in “Unhinged.” Solstice Studios Actors covet those times when they stand alone on a stage, sharing their craft with a captive audience.  Films debuting in movie theaters rarely get an opportunity for a solo. Typically, one or two new movies vie for an audience’s attention along with holdover films from previous weeks. 

When the Covid-19 pandemic struck the U.S., young biotech company Verve Therapeutics was just months away from a pivotal development: studies in animals of its gene-editing approach to lowering cholesterol that would lead it to be heralded as a potential “cure for heart disease.” But Chief Executive Dr. Sekar Kathiresan had a problem: this isn’t

The Trump administration on Thursday weakened Obama-era regulations designed to reduce climate-warming methane gas emissions from oil and gas fields.  The Environmental Protection Agency’s new rule, which has been in progress for over a year, would eliminate federal requirements for oil and gas companies to monitor and repair methane leaks from pipelines, storage facilities and

Members of the American Red Cross remove influenza victims in 1918. St. Louis Post-Dispatch | Tribune News Service via Getty Images The coronavirus is at least as deadly as the 1918 flu pandemic and the death toll could even be worse if world leaders and public health officials fail to adequately contain it, researchers warned in

A state-funded Covid-19 mobile testing site stands in Miami Beach, Florida, U.S., on Wednesday Aug. 5, 2020. Jayme Gershen | Bloomberg | Getty Images For the first time in months, the daily growth of new coronavirus cases in the U.S. has steadily fallen over the past two weeks, giving some hope to U.S. officials who proclaimed

A Stein Mart store in King of Prussia, PA. Google Earth The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic.  The

Russia said it will produce thousands of coronavirus vaccines per month before the end of the year. Carol Smiljan | NurPhoto | Getty Images Scientists and public health officials are skeptical about Russian President Vladimir Putin‘s claim that the country’s potential vaccine for the coronavirus “works quite effectively,” saying Tuesday that the vaccine still needs critical testing to

The Lucid Air sedan is expected to go into production at a plant in Arizona in 2021. Lucid The first all-electric car from Lucid Motors is expected to set a new industry benchmark — and record — with more than 500 miles of range per charge, easily topping leading EVs from Tesla, General Motors and others.

The good news: The United States has a window of opportunity to beat back Covid-19 before things get much, much worse. The bad news: That window is rapidly closing. And the country seems unwilling or unable to seize the moment. Winter is coming. Winter means cold and flu season, which is all but sure to

Steve Easterbrook, chief executive officer of McDonald’s Corp., speaks during the opening of the company’s new headquarters in Chicago, Illinois, U.S., on Monday, June 4, 2018. Joshua Lott | Bloomberg | Getty Images McDonald’s is trying to recover millions in compensation it paid out to former CEO Steve Easterbrook by suing him for allegedly lying during

Spencer Platt | Getty Images Desy’s is one of the last bars left standing in Morrisville, North Carolina.  Owner Desislava Nikolova made her American dream come true by opening Desy’s and another bar in nearby Cary after immigrating to America from Bulgaria 11 years ago. While the coronavirus pandemic forced the majority of her counterparts in the local

Young elementary school students and their parents attempt to get the attention of passing motorists on Church Street in Winchester, MA on July 30, 2020. A group of Winchester parents hold an event on the town common, voicing their concerns about younger students being able to learn remotely and advocating for the full return of