Business

New cases of the coronavirus continued to surge over the weekend across several U.S. states, mostly in the American South and West. Amid the rise in new cases, Health and Human Services Secretary Alex Azar warned Sunday that the “window is closing” to curb the spread of the virus and get the outbreak under control. This is CNBC’s
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Adenilson Souza Costa, 47 years, and his coworkers wearing protective gear carry a coffin at Vila Formosa Cemetery amidst the coronavirus (COVID-19) pandemic on May 18, 2020 in Sao Paulo, Brazil. Alexandre Schneider | Getty Images The coronavirus has now killed more than 500,000 people around the world as the number of confirmed infections exceeded
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Dan Dalton | Getty Images Another 1.48 million Americans filed for unemployment last week due to the coronavirus pandemic, bringing the total for those receiving benefits to just below 20 million. Few industries have been as hard hit as the hospitality sector, which experienced mass layoffs and furloughs across the globe. According to the latest forecast
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The White House coronavirus task force is slated to hold its first news briefing in nearly two months Friday, as new coronavirus cases continue to surge across large parts of the country. Vice President Mike Pence will lead the briefing, according to the Department of Health and Human Services, but the briefing will take place at
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Not too long ago, the airline industry was preparing for a surge in passengers, with the International Air Transport Association (IATA) forecasting 8.2 billion air travelers in 2037.  But in April, air travel declined 98% from last year as countries closed their borders in efforts to stem the coronavirus pandemic. “We think airlines are going to
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A top spokesman for the U.S. Health and Human Services Department angrily unloaded on dozens of journalists Wednesday, accusing them of getting “spun” by what he said was a misleading story about federal funding getting eliminated for 13 coronavirus testing sites. The tirade by Michael Caputo, the spokesman, led to the abrupt termination of a
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Impossible Foods founder and CEO Patrick Brown told CNBC on Tuesday that the meat industry is in the midst of a reckoning. As more consumers seek out healthier food options, Brown is convinced that the animal-based market will be obsolete within the next two decades. “From a nutritional standpoint our products match the protein quality
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A ThredUp warehouse. Source: ThredUp Despite the coronavirus pandemic upending much of the retail industry and putting a damper on apparel sales, the secondhand clothing market is still expected to boom, according to one online, resale marketplace.  The secondhand apparel market is valued at about $28 billion today and is forecast to reach $64 billion
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