A woman wearing a protective face mask in France. The country is slowly reopening after almost two months of strict lockdown. Pascal Le Segretain | Getty Images Escalating tensions over China’s handling of the coronavirus pandemic could be a “major risk” to economic recovery —and may even lead to a […]
CNBC News
JC Penney is planning to file for bankruptcy in the next day, sources say
J.C. Penney is planning to file for bankruptcy in the next day, people familiar with the matter tell CNBC. Its advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning, they said. They cautioned there is still a chance that final negotiations between […]
Apple supplier TSMC to build a $12 billion chip factory in the US
Maurice Tsai | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Co (TMSC) said on Friday it will build a semiconductor facility in Arizona, as concerns grow in Washington about the security of the technology supply chain which is largely centered in Asia. Total spending on the project will be $12 […]
Coronavirus updates: Brazil reports new high of over 13,000 cases; U.S. retail sales set for record plunge
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 […]
Stock futures little changed after Thursday’s strong gains on Wall Street
A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were largely flat on Thursday night following a sharp rally during the regular session as investors awaited several key data sets. Dow Jones Industrial Average futures dipped 15 […]
FDA: Data suggests Abbott’s rapid coronavirus diagnostic test is delivering inaccurate results
A box containing a 5-minute test for COVID-19 from Abbott Laboratories is pictured during the daily briefing on the novel coronavirus, COVID-19, in the Rose Garden of the White House in Washington, DC, on March 30, 2020. Mandel Ngan | AFP | Getty Images The U.S. Food and Drug Administration […]
Stock futures rise slightly after Thursday’s strong gains on Wall Street
A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures rose slightly on Thursday night following a sharp rally during the regular session as investors awaited several key data sets. Dow Jones Industrial Average futures gained 78 points, […]
White House would likely support a new round of stimulus checks, sources say
The White House would likely support another round of stimulus checks, two senior administrative officials told CNBC on Thursday. The White House did not provide further comment except to release a statement which said: “As President Trump has said, we are going to ensure that we take care of all […]
Charts suggest more pain is in store before market reaches a ‘buyable bottom,’ Jim Cramer says
Investors should expect more downside in the market after stocks bounced from a multiday losing streak, CNBC’s Jim Cramer said Thursday. The benchmark S&P 500 index rose 1.15% during the session after pulling back from Monday’s close. “The bad news is that the charts, as interpreted by Mark Sebastian, suggest […]
Sixth confirmed Amazon worker dies amid calls for the company to release data on coronavirus infections
A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters An Amazon warehouse employee in Long Island, New York has died from the coronavirus, the company confirmed. George Leigh, who worked out of Amazon’s Bethpage, New York, […]