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 forced its roughly 850 stores
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.56 million Global deaths: At least 308,000 U.S. cases: More than 1.44 million U.S. deaths: At least 87,500
The city is beginning to prepare for a long hot summer with closed beaches and residents remaining locked inside under stay-at-home orders, New York City Mayor Bill de Blasio said Friday, warning that this summer will be very different from years past. Barbecues, picnics, ball games and days at the beach or by the pool, all
Kids in a queue while wearing face masks during the food distribution amid Coronavirus COVID 19. Ajay Kumar | SOPA Images | Getty Images Doctors and world leaders need “to be on the alert” for cases of a rare inflammatory disease in children that may be linked to the coronavirus, the World Health Organization said
A Chelsea Tower rental apartments billboard. Jeff Greenberg | Getty Images New leases for Manhattan apartments plunged by 71% in April, and vacancies soared as the rental market froze amid the coronavirus pandemic and more residents left the city, according to a new report. The number of new leases fell to 1,407, the lowest total
Dave Calhoun, Chairman of Boeing Adam Jeffery | CNBC Boeing‘s CEO Dave Calhoun has spoken some airline CEOs in recent days to try to smooth over tensions with some of its biggest customers after he told NBC’s “TODAY” show that a U.S. carrier will “likely” go out of business as a result of the coronavirus
Hogwarts is seen in “Wizarding World of Harry Potter” theme park at Universal Studios Hollywood, in Los Angeles, USA on April 6, 2016. Anadolu Agency Theme parks are designed to have crowds. That’s the crux of the issues that theme parks big and small are facing in the wake of the coronavirus pandemic, said Bill
The nose of a Delta Air Lines Boeing 777-200ER dedicated to David C. Garrett Jr, former CEO of the airline is seen at the Narita airport. Fabrizio Gandolfo | SOPA Images | Getty Images Delta Air Lines said Thursday it aims to eliminate its daily cash burn by the end of the year and will retire
Bill Olesner walks down South Battery St. while cleaning debris from storm drains on September 5, 2019 in Charleston, South Carolina. Hurricane Dorian is just off the coast of South Carolina. Sean Rayford | Getty Images The Atlantic hurricane season’s first tropical storm could develop near Florida and the Bahamas this weekend, according to forecasting
A pedestrian wears a face mask while pushing a stroller past the Tiffany & Co. luxury goods store at Times Square in the Causeway Bay district of Hong Kong, China, on Feb. 6, 2020. Ivan Abreu | Bloomberg via Getty Images A luxury rebound in China is fueling hopes of a rapid recovery for high-end