Does the world of retail really need J.C. Penney? As the department store chain filed for bankruptcy protection Friday evening, some question if the company still has a place in American retail. Or if it could ever bounce back from the fatal blow it has been dealt during the coronavirus pandemic, which […]
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Health officials issue dire warnings; FBI scrutinizes senators’ stock sales: This week’s recap and best reads
Jackie Guarneri of Hudson enjoyed beers with friends at Jonesy’s Local Bar on the first day of the bar reopening in Hudson. Bars, restaurants and everything else is reopening in Wisconsin after the state Supreme Court struck down the state’s stay-at-home order Thursday May 14, 2020 in Hudson, Wisconsin. Jerry […]
Texas coronavirus cases tick higher as state forges ahead with reopening
Men receive haircuts as social distancing guidelines to curb the spread of the coronavirus disease (COVID-19) are relaxed at Doug’s Barber Shop in Houston, Texas, May 8, 2020. Callaghan O’Hare | Reuters Coronavirus cases are rising in Texas as the state plans more steps to restart its devastated economy during […]
Assessing the stock market after one of the fastest declines and subsequent comebacks in history
Two men wearing a masks walks pass the New York Stock Exchange (NYSE) on April 30, 2020 in New York City. Johannes Eisele | AFP via Getty Images The prevailing mood in the markets right now is neither bullish nor bearish but rather befuddled. For investors, trying to gauge sentiment […]
Rwanda genocide suspect Kabuga arrested in Paris region, French justice ministry says
A main street wears a deserted look in Kigali, capital city of Rwanda, on April 3, 2020. Cyril Ndegeya | Xinhua via Getty Rwandan genocide suspect Felicien Kabuga was arrested on Saturday in the Paris region, the French Justice Ministry said. Kabuga, 84, who was living under a false identity in […]
Coronavirus live updates: India surpasses China as cases spike; Greece reopens beaches
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 4.5 million Global deaths: At least 307,903 Most cases reported: United States (More than 1.4 million), Russia (272,043), United Kingdom (238,004), Spain (230,183), Italy […]
China asks United States to stop ‘unreasonable suppression’ of Huawei
A logo is pictured on a Huawei NetEngine 8000 Intelligent Metro Router during a 5G event in London, on February 20, 2020. Isabel INFANTES | AFP China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of Chinese companies like Huawei. The Trump administration on Friday […]
Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook
The U.S. Securities and Exchange Commission in Washington, D.C. Adam Jeffery | CNBC Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has purchased minority stakes in major U.S. companies including Boeing, Facebook and Citigroup, according to a U.S. regulatory filing. PIF disclosed a $713.7 million stake in Boeing, around $522 million […]
Trump fires State Department watchdog critical of admin moves
U.S. State Department Inspector General Steve Linick departs the U.S. Capitol October 02, 2019 in Washington, DC. Win McNamee | Getty Images President Donald Trump has fired the State Department’s inspector general, an Obama administration appointee whose office was critical of alleged political bias in the agency’s management. The ouster […]
Coronavirus live updates: India surpasses China as cases spike; Italy eases travel restrictions
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 4.5 million Global deaths: At least 307,159 Most cases reported: United States (More than 1.4 million), Russia (262,843), United Kingdom (238,004), Spain (230,183), Italy […]