Business

When the coronavirus pandemic forced restaurants to shut their dining rooms, many chains slimmed down their menus to make service smoother — and some of those changes may be permanent.  States and cities across the country are easing restrictions, but menus are unlikely to snap back to their pre-pandemic status. Bloated menus can overwhelm customers, slow

A view outside Cinemas 1, 2 & 3 movie theater during the coronavirus pandemic on May 18, 2020 in New York City. COVID-19 has spread to most countries around the world, claiming over 320,000 lives with over 4.8 million infections reported. (Photo by Noam Galai/Getty Images) Noam Galai While some industries have heralded the third

Director of the National Institute for Allergy and Infectious Diseases Dr. Anthony Fauci testifies before the US Senate Health, Education, Labor, and Pensions Committee hearing to examine COVID-19, “focusing on lessons learned to prepare for the next pandemic”, on Capitol Hill in Washington, DC on June 23, 2020. Kevin Dietsch | Pool | AFP |

Two of Washington’s most powerful lawmakers told CNBC they believe Congress will strike a coronaviurs relief package, although the timing is still unknown. Congress and the Trump administration have struggled to strike an aid agreement for several days, even as key relief benefits expired. While negotiations continue, markets await July’s employment data, which is expected

Cadillac Lyriq show car GM General Motors unveiled the Cadillac Lyriq crossover Thursday night as the “next chapter” for the American luxury brand and a “technology spearhead” for the automaker. The Lyriq is the first to debut with the automaker’s next-generation batteries and EV architecture. GM executives believe the technologies will rival, if not outperform,

U.S. President Donald Trump addresses a coronavirus disease (COVID-19) pandemic briefing in the Brady Press Briefing Room of the White House in Washington, U.S., August 5, 2020. Joshua Roberts | Reuters President Donald Trump will sign an executive order requiring the U.S. government to buy “essential” drugs from American companies, White House trade advisor Peter Navarro

Liu Yifei stars in Disney’s “Mulan.” Disney While the U.S. is dealing with a resurgence of coronavirus cases that continue to restrict movie theater reopenings, the rest of the world is ready to welcome Hollywood back to the big screen. However, on Tuesday, international theater owners were caught off guard when Disney decided to launch

A Johnson & Johnson building is shown in Irvine, California. Mike Blake | Reuters Johnson & Johnson announced Wednesday that it will develop and deliver 100 million doses of its coronavirus vaccine for the U.S. in a deal totaling more than $1 billion.  The deal gives the U.S. the option to order an additional 200 million

Dr. Sonia Macieiewski (R) and Dr. Nita Patel, Director of Antibody discovery and Vaccine development, look at a sample of a respiratory virus at Novavax labs in Rockville, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images Novavax’s potential vaccine to

Ford Motor CEO and President Jim Hackett will unexpectedly retire in the midst of an $11 billion restructuring plan that has failed to impress Wall Street and investors. Hackett, 65, will be succeeded by his heir apparent, Jim Farley, Ford’s chief operating officer, effective Oct 1. Farley, 58, will work with Hackett on a “smooth

President Donald Trump insisted Monday that shutting down the United States in an attempt to curb the coronavirus would cause more harm than good, doubling down on previous comments that he would not call for a nationwide lockdown.  “It’s important for all Americans to recognize that a permanent lockdown is not a viable path forward producing

A man checks a mainboard at an assembly line to produce ventilators amid the spread of the coronavirus disease (COVID-19) at Vsmart factorty of Vingroup outside Hanoi, Vietnam August 3, 2020. Kham | Reuters The World Health Organization said Monday there may never be a magical cure for the coronavirus even as scientists and drugmakers

Fifth Avenue is empty of traffic as people remain at home to stop the spread of the Coronavirus pandemic on March 31, 2020 in New York City. Noam Galai | Getty Images High-end handbag maker Valentino is suing to get out of its lease on Fifth Avenue in Manhattan, a vacated Barneys New York still

A United Airlines plane sits on the tarmac at San Francisco International Airport. Justin Sullivan | Getty Images United Airlines on Friday said it plans to add a small amount of flights in September, staying cautious as the coronavirus pandemic continues to depress travel demand. The Chicago-based airline’s September capacity will be 37% of year-ago levels and

Under Armour’s stores are opening back up across the county after being forced shut due to the Covid-19 crisis, but shoppers aren’t showing up like they used to, according to the retailer’s CEO.  “The consumer is there, but they are still nowhere near pre-Covid levels … there is hesitancy there,” Under Armour Chief Executive Patrik Frisk

White House coronavirus advisor Dr. Anthony Fauci said Friday the coronavirus is so contagious it won’t likely ever completely go away, contradicting statements made by President Donald Trump who has repeatedly said Covid-19 will eventually vanish. “I do not believe it would disappear because it’s such a highly transmissible virus,” Fauci, director of the National Institute

Dado Ruvic | Reuters With chronic asthma, food allergies and a heart condition, Thomas Silvera does everything he can to safeguard his health, including getting vaccines. So if and when a Covid-19 vaccine becomes available, he said he’s leaning toward getting that, too. But before vaccines reach the market, they go through wide-scale testing for

Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour said Friday its fiscal second-quarter revenue fell 41%, but overall its results came in better than the retailer was expecting thanks to an e-commerce boost.  The sneaker maker estimated roughly 80% of stores where its

Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Ford Motor performed far better than Wall Street expected during the second quarter, even beating its own expectations as the coronavirus caused rolling shutdowns of its plants across the globe. Here’s how

This school year, retailers may have only one certainty to count on: Kids are growing and that’ll drive some demand for new clothes.  Otherwise, retailers and industry watchers are unsure of what to expect as the pandemic delays the first day of school, leads to staggered schedules or prompts plans for virtual learning across the

The World Health Organization on Wednesday advised public officials against trying to achieve so-called herd immunity to the coronavirus by allowing it to rapidly spread throughout their communities, saying it will overwhelm hospitals and kill a lot of people. Herd immunity is necessary to really contain a virus, according to epidemiologists. That is generally achieved

General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks. GM General Motors is set to report its second-quarter earnings before the bell on Wednesday as the automaker attempts to recover from the coronavirus pandemic that’s shuttered factories

The Child, popularly known as “Baby Yoda,” is a character in the new Disney+ series, “The Mandalorian” Episodic Photos, Disney While “Watchmen,” “Marvelous Mrs. Maisel” and “Schitt’s Creek” secured Emmy nominations on Tuesday, there were quite a few shows — and actors — that didn’t make the cut. And then there were the shows and performers that

Billionaire philanthropist Bill Gates said therapeutic drugs to treat the coronavirus could reduce the death rate substantially this year but a vaccine will be crucial to bringing back a sense of normalcy to the society.  “You can see the therapeutic benefit faster than the protective benefit,” Gates said in an interview that aired Tuesday on CNBC’s “Squawk

In this May 4, 2020 photo provided by the University of Maryland School of Medicine, the first patient enrolled in Pfizer’s COVID-19 coronavirus vaccine clinical trial at the University of Maryland School of Medicine in Baltimore, receives an injection. University of Maryland School of Medicine | AP U.S. drugmaker Pfizer and German biotech BioNTech said

In this March 16, 2020, file photo, a subject receives a shot in the first-stage safety study clinical trial of a potential vaccine by Moderna for COVID-19, the disease caused by the new coronavirus, at the Kaiser Permanente Washington Health Research Institute in Seattle. Ted S. Warren | AP Moderna shares soared more than 8% in

A woman near the ruins of a summer house destroyed by a fire in a dacha community in Moshkovo District, Novosibirsk Region, south Siberia. Novosibirsk Region is experiencing hundreds of fires believed to have been caused by burning old grass. Kirill Kukhmar | TASS | Getty Images The World Meteorological Organization warned on Friday that

Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies before the Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington DC on June 30, 2020 in Washington, DC. Kevin Dietsch | AFP via Getty Images White House coronavirus advisor Dr. Anthony Fauci said Friday that

While toilet paper has mostly returned to the shelves since the panic buying of the early pandemic days in March, disinfectant wipes are still in short supply. Just last week, CNBC’s “Mad Money” host Jim Cramer complained on Twitter about not being able to find Lysol products in New York. Demand for both toilet paper

U.S. President Donald Trump is seated prior to signing an executive order regarding social media companies in the Oval Office of the White House in Washington, U.S., May 28, 2020. Jonathan Ernst | Reuters President Donald Trump announced Friday he will sign four executive orders aimed at lowering the high cost of prescription drugs in the