Flight attendants talk in a nearly empty cabin on a Delta Airlines flight operated by SkyWest Airlines as travel has cutback, amid concerns of the coronavirus disease (COVID-19), during a flight departing from Salt Lake City, Utah, April 11, 2020. Jim Urquhart | Reuters A lobbying group representing U.S. airlines on Wednesday said federally mandated
Business
A driver unloads merchandise from a delivery truck outside a CVS Health Corp. location in New Rochelle, New York, U.S., on Monday, March 16, 2020. Angus Mordant | Bloomberg | Getty Images CVS Health shares rose more than 4% in premarket trading Wednesday after the company reported a huge jump in sales at its stores as
Beyond Meat posted better-than-expected earnings for the first quarter Tuesday but warned that it saw a drop in sales at the end of March as the coronavirus pandemic shuttered restaurants around the country. Given the uncertainty regarding restaurant sales, the company withdrew its earnings forecast for the year. “I am proud of our first-quarter financial results,
Medical workers take in patients outside of a special coronavirus intake area at Maimonides Medical Center on May 04, 2020 in the Borough Park neighborhood of Brooklyn, New York. Spencer Platt | Getty Images The coronavirus that emerged in Wuhan, China over four months ago has since mutated and the new, dominant strain spreading across
As many states are re-opening for business, sobering estimates about the potential spread of Covid-19 in the U.S. are emerging. An interagency report from the U.S. departments of Homeland Security, and Health and Human Services projected the number of coronavirus deaths will increase to about 3,000 each day by early June. The analysis also reportedly
Pharmaceutical companies continue to make headlines as governments and investors hang their hopes on a steady recovery from the Covid-19 pandemic. Gilead Sciences CEO Daniel O’Day said Sunday the company would be donating its entire supply of remdesivir to treat coronavirus patients. Roche Chairman Christoph Franz said the drugmaker will invest more than $437 million in a
Signage is displayed outside a JC Penney Co. store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images J.C. Penney is trying to avoid a major blow to its recovery prospects from the coronavirus pandemic — losing Sephora. The ailing retail giant has filed a temporary restraining order against Sephora in an attempt to prevent
Clothing apparel company J. Crew filed for bankruptcy Monday, marking the first major retail bankruptcy of the coronavirus pandemic. The company said it has reached a deal to convert $1.65 billion of its debt to equity. It has secured $400 million in financing from existing lenders, Anchorage Capital Group, GSO Capital Partners and Davidson Kempner
A shopper wearing a protective mask returns exits a retail store in Cleveland, Mississippi, U.S., on Thursday, April 30, 2020. Some retail stores began reopening at half-capacity in Mississippi after the stay-at-home order expired on April 27. Rory Doyle | Bloomberg | Getty Images We’ve been socially distancing for weeks now, riding out the coronavirus
States across the U.S. are reopening after coronavirus-enforced lockdowns while protests erupted in places where stay-at-home rules remain in place. In states like California and Michigan, groups demanded the easing of restrictions. A big week of earnings are in, and tech giants Apple, Alphabet, Amazon, Facebook, Microsoft and Tesla have all reported, providing a first