Tag Archives: United States

2020 Chevrolet Corvette GM U.S. auto sales for General Motors declined 11.8% in 2020 but showed strong signs of a recovery in the fourth quarter, the company said Tuesday. GM’s domestic sales rose 4.8% during the last three months of last year compared with the same period in 2019. Retail …

An employee of a gas station adjusts gasoline pump prices as they continue to fall with the oil market in turmoil on April 21, 2020, in Arlington, Virginia. Olivier Douliery | AFP | Getty Images U.S. spending on gas this year should see a modest recovery after a nearly $100 …

Alonso Lugo helps a patient try to stand inside the coronavirus disease (COVID-19) unit at United Memorial Medical Center in Houston, Texas, U.S., December 30, 2020. Callaghan O’Hare | Reuters It’s been a year since Chinese health authorities said they were investigating a small cluster of pneumonia-like cases with an …

President Donald Trump tried on Wednesday to deflect criticism for a slower-than-expected rollout of the Covid-19 vaccine, saying the U.S. has distributed the lifesaving shots but states have to administer them. More than 11.4 million doses of Pfizer and Moderna’s two-dose vaccines have been distributed across the country as of …

People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The move toward a $15 minimum wage gained more ground in …

A person gestures towards a sign with a public health information message, amid the spread of the coronavirus disease (COVID-19), as new restrictions come into force, in London, Britain, December 20, 2020. Toby Melville | Reuters The first case of a new and potentially more infectious strain of Covid-19 has …

Check out the companies making headlines in midday trading.  Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to FactSet. The stock rose to an all-time high on the …

The lack of Covid testing capacity in the United States could mean the new, highly transmissible coronavirus strain that first emerged in the United Kingdom is already working its way through communities across the U.S. That’s according to Dr. Nahid Bhadelia, the medical director of the Special Pathogens Unit at …

A visitor tries a plant-based meat substitute product at the Restaurant & Bar and Gourmet Asia expo at the Hong Kong Convention and Exhibition centre in Hong Kong on November 11, 2020. Peter Parks | AFP | Getty Images SINGAPORE — Demand for meat alternatives has grown and will continue …

Airline industry workers hold signs during a protest in Federal Plaza in Chicago, Illinois, on September 9, 2020. Kamil Krzaczynski | AFP | Getty Images U.S. airlines have begun the complicated process of calling back 32,000 workers they furloughed this fall, a condition struggling carriers need to comply with to …

A man bangs a spatula against a pot to show gratitude to medical workers from Lenox Hill Hospital as part of the nightly #ClapBecauseWeCare during the coronavirus pandemic on May 07, 2020 in New York City. Cindy Ord | Getty Images In the spring, cheers, claps and clanging pots and …

The U.S. began vaccinating the population against the coronavirus last week, but mass adoption is not a guarantee.  Nearly 4 in 10 Americans say they would “definitely” or “probably” not get a vaccine, according to a Pew Research Center survey of 12,648 U.S. adults from Nov. 18 to 29. While …

A car dealer shows a vehicle to customers at a dealership in Jersey City, New Jersey. Angus Mordant | Bloomberg | Getty Images Sales of new vehicles in the U.S. are expected to close this year down at least 15%, which would mark one of the industry’s worst annual declines …

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow headed for a higher open after Capitol Hill finally delivers on stimulus Ornaments on the New York Stock Exchange (NYSE) holiday tree at Wall Street on December 9, 2020 in New …

Former FDA chief Dr. Scott Gottlieb warned that the highly contagious, new mutation of Covid-19 found in the United Kingdom “is already in the U.S.” as more than 40 countries ban travel to and from the U.K. for 48 hours or more.  “I don’t think a travel ban, at this …

In a nearly 17-year career with U.S. Customs and Border Protection, Officer Omar E. Palmer had encountered plenty of precarious situations, from suitcases filled with weapons and drugs to disorderly passengers in John F. Kennedy Airport’s international terminal.  “I would often get calls, when he would get off work in …

Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters The $900 billion coronavirus relief package agreed to by lawmakers allocates $8 billion to $9 billion to fund vaccine distribution, at least …

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street under pressure on concerns about new Covid strain Traders work on the floor of the NYSE. NYSE 2. Doctors say vaccines still likely effective on new variants Commuters walk along …

SINGAPORE — Existing vaccines for Covid-19 will be effective in fighting off infection from new strains of the coronavirus, a U.S. doctor told CNBC this week. His comments came after the U.K. on Saturday said it identified a new mutation of the virus that can spread more quickly than previous …

Missile sales have become the No. 2 defense export in the U.S., according to the Stockholm International Peace Research Institute. And a handful of U.S. companies dominate production. Like with aircraft, missile sales are based on international alliances and treaties. And these sales can become hot-button issues, like a recent …

Cloudflare CEO Matthew Prince on Friday commented on the cyberattack on the federal government that was revealed earlier this week. In an appearance on CNBC’s “Mad Money,” the chief executive of the cloud cybersecurity provider said it’s one reason his company is shifting towards what he called a “zero-trust architecture” …

Senate Majority Leader Mitch McConnell (R) (R-KY) with House Minority Leader Rep. Nancy Pelosi (L) (D-CA). Getty Images Senate Majority Leader Mitch McConnell and House Speaker Nancy Pelosi will receive Covid vaccinations in coming days, after the attending physician in Congress urged lawmakers to sign up. The physician, Dr. Brian …

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set for a steady open after Dow, S&P 500, Nasdaq closed at records U.S. stock futures were little changed Friday, with Wall Street wondering whether Capitol Hill can deliver a …

­­­­­­­­­­­­­­­­­­­New preflight testing programs are allowing a small number of Americans to have a European Christmas holiday this year after all. On Tuesday, Delta Air Lines launched a Covid-19 testing program for customers flying from Atlanta to Amsterdam, while a second program is scheduled to start on Saturday for Delta …

It’s no secret airlines have had an unprecedently bad year. JPMorgan expects the pain to continue for some companies, with analysts double downgrading shares of JetBlue, Spirit and United Airlines to underweight from overweight on Wednesday on overvaluation concerns. The firm maintained its overweight ratings on Delta, Alaska Airlines and …

A protester waves a “Black Lives Matter” flag across the street during the demonstration. Representatives from various organizations including Free the People Roc and HALT (Humane Alternatives to Long-term) travelled to Elmira Correctional Facility from across the state to protest the conditions faced by inmates during the Covid-19 pandemic. The …

Businessman Peter Nygard arrives at Norby Walters’ 26th Annual Night Of 100 Stars Oscar Viewing at The Beverly Hilton Hotel on February 28, 2016 in Beverly Hills, California. Mintaha Neslihan | Anadolu Agency | Getty Images Federal prosecutors in New York have charged Canadian fashion mogul Peter Nygard in connection …

The leading lobbying group for the U.S. auto industry is calling on policymakers to help support the adoption of electric vehicles through incentives, infrastructure investment and other regulatory means. Without suggesting a cost for such EV stimulus programs, the Alliance for Automotive Innovation said now is the time for “substantial, …

Joel Saget | AFP | Getty Images U.S. Food and Drug Administration staff recommends monitoring people who get Pfizer or Moderna’s Covid-19 vaccine shots for possible cases of Bell’s palsy, saying it’s not necessarily a side effect but worth watching out for after a handful of trial participants got the …

Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to rise after fears of Covid restrictions wiped out Monday’s gains Traders work on the floor of the New York Stock Exchange. NYSE The Dow Jones Industrial Average was set to …

The stay-at-home trade has returned to Wall Street despite the U.S. launching its Covid-19 vaccination campaign, revealing some insight into how investors gauge the economic bounce back in the near term, CNBC’s Jim Cramer said Monday. “The recovery stocks are handing the baton back to the lockdown winners because lockdown …

Health-care workers across the U.S. received Covid-19 vaccinations Monday, the first Americans to do so outside of a clinical trial.  It will still be several months, however, before the average person can walk into their local drugstore or grocery store and receive the vaccine. In interviews with CNBC, Walgreens and …

Ergin Yalcin | E+ | Getty Images For the nation’s oldest individuals who are eager for protection against Covid, the waiting game has commenced. Shipment of 2.9 million doses of the first U.S.-authorized coronavirus vaccine began Sunday, headed for hundreds of sites around the country. With initial supply limited — …

Pfizer CEO Dr. Albert Bourla said the company is negotiating with the federal government to provide an additional 100 million Covid-19 vaccine doses next year as Americans will receive some of the first shots Monday. Pfizer and the U.S. are working out the details on timing, Bourla told CNBC’s “Squawk Box” …

New sneakers, a MacBook, a Peloton — you can pay for almost anything in installments these days. Like the layaway plans of old, but now called point-of-sale loans, “buy now, pay later” lets shoppers break their purchases into equal installment payments without interest or fees, even using a debit card, …

With a Covid-19 vaccine use authorization from U.S. drug regulators imminent, CNBC’s Jim Cramer said Friday the time is ripe to take on some risk in the market. “If you want to speculate, this is the time to do it, just speculate wisely,” the “Mad Money” host said. “You’ve got …

CVS Health Chief Executive Larry Merlo said the company is ready to administer “vaccines into the arms of some of our most vulnerable populations” within 24 to 48 hours upon receiving its share of Covid-19 vaccines. “We’re ready to go. We’re in great shape and as I mentioned, people are …

Chinese President Xi Jinping learns about the progress on scientific research on a coronavirus vaccine and antibody during his visit to the Academy of Military Medical Sciences in Beijing, capital of China, March 2, 2020. Ju Peng | Xinhua News Agency | Getty Images SINGAPORE – As the vaccine race …

Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images Airbnb, the company that allows users to book …

A medical staff member Gabriel Cervera Rodriguez closes his eyes while taking a. short brake in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 2, 2020 in Houston, Texas. Go Nakamura | Getty Images Tayler Oakes, a 27-year-old travel nurse from Tennessee treating Covid-19 …

With a record amount of returns projected to flow back to retailers this holiday season and in the coming years, the United States is going to need more warehouse space to handle them, according to a new report. As much as $70.5 billion worth of holiday purchases this year are …

The stock market’s next move hinges on the state of coronavirus stimulus talks in Washington, CNBC’s Jim Cramer said Friday. “If the Democrats and Republicans in Congress can make a stimulus deal over the weekend, this market can indeed keep running,” the “Mad Money” host said. “Without some progress in …

General Motors released this teaser image of an illuminated Cadillac crest on the front of the Lyriq ahead of the crossover’s debut. GM DETROIT – About 150 General Motors dealers have accepted buyouts and will stop selling Cadillacs as the Detroit automaker pivots the luxury brand to lead its all-electric …

A protester outside the White House urges the United States to take action to stop the oppression of the Uyghur and other Turkic peoples, on August 14, 2020 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A Chinese dissident has targeted three American corporations after a …

CNBC’s Jim Cramer on Thursday endorsed CIIG Merger, the U.S. blank-check company set to take U.K. electric-vehicle maker Arrival public next year, as a speculative stock for investors to play. “As much as I like this story, I think you can be patient,” the “Mad Money” host said. “But given …

El Paso County Medical Examiner’s Office staff lock-up the mobile morgues before moving bodies that are in bags labeled “Covid” from refrigerated trailers into the morgue office amid the coronavirus disease (COVID-19) outbreak, in El Paso, Texas, U.S. November 23, 2020. Ivan Pierre Aguirre | Reuters The United States reported …

CNBC’s Jim Cramer on Wednesday made a plea for Joe Biden to stay tough on China once the Democrat moves into the White House in the new year. “I hope the incoming Biden administration can look at Trump’s trade war objectively, because in many ways, really, it worked,” the “Mad …

A health worker wearing a protective mask works in a lab during clinical trials for a Covid-19 vaccine at Research Centers of America in Hollywood, Florida, U.S. Eva Marie Uzcategui | Bloomberg | Getty Images LONDON — The U.K.’s decision to grant emergency approval to Pfizer and BioNTech’s coronavirus vaccine …

A healthcare worker performs laboratory tests. Sergei Karpukhin | TASS | Getty Images Roche received emergency use authorization (EUA) from the U.S. Food and Drug Administration for a new test that measures coronavirus antibodies within the blood. The Swiss diagnostics and pharmaceutical giant said Wednesday that the test, called “Elecsys …

A volunteer is injected with a vaccine as he participates in a coronavirus disease (COVID-19) vaccination study at the Research Centers of America, in Hollywood, Florida, U.S., September 24, 2020. Marco Bello | Reuters U.S. pharmaceutical giant Pfizer and its German partner BioNTech said they have applied to the European …

A health worker injects a person during clinical trials for a Covid-19 vaccine at Research Centers of America in Hollywood, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images Investment bank Goldman Sachs has forecast that more than 70% of people in developed markets will be vaccinated against the coronavirus …

AstraZeneca’s building in Luton, Britain. Tim Ireland | Xinhua News Agency | Getty Images AstraZeneca and the University of Oxford are defending the results and methods used in their phase three vaccine trials on the back of criticism from experts in the U.S., stressing the “highest standards” were used and …

With consumers stuck at home ordering pizza, you might think Pizza Hut’s sales would be soaring. Since the start of the coronavirus pandemic, pizza makers that have their delivery game in place and digital assets in order have seen big gains. Pizza Hut’s U.S. business has benefited from the trend, …

People wait in line to get a 15-minute rapid Covid-19 test on November 24, 2020 in Madison, Wisconsin. Andy Manis | Getty Images News | Getty Images The use of technology is going to make health care “almost free around the world,” according to venture capitalist Tim Draper. “Health care …

When the U.S. can fully open up and get to the other side of the coronavirus crisis, Wall Street will celebrate like its 1933, according to CNBC’s Jim Cramer. In his first reaction to a banner day for the Dow Jones Industrial Average, where the blue-chip index broke through and …

A worker wearing personal protective equipment holds a tray containing unlabeled ampoules of the ‘Gam-COVID-Vac’ COVID-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF). Bloomberg | Bloomberg | Getty Images Hot on the heels of positive coronavirus vaccine news …

A sign on the entrance to a pharmacy reads “Covid-19 Vaccine Not Yet Available” in Burbank, California on Nov. 23, 2020. Robyn Beck | AFP | Getty Images SINGAPORE — With several Covid-19 vaccine candidates showing promising trial outcomes, investors and analysts have turned increasingly optimistic that the pandemic could …

The 2020 election. Unrest in the streets. A crippling pandemic. This trifecta of events made people worry about the future of America. And when people are worried in America, they buy guns. Gun sales in 2020 have surged, and the market for gun parts and ammunition has gone up with …

Serge Ibaka #9 of the Toronto Raptors grabs the rebound during the game against the Boston Celtics during Game Seven of the Eastern Conference SemiFinals of the NBA Playoffs on September 11, 2020 at AdventHealth Arena in Orlando, Florida. Andrew D. Bernstein | National Basketball Association | Getty Images The …

Pfizer and BioNTech will apply Friday for an emergency use authorization from the Food and Drug Administration for their coronavirus vaccine. If Pfizer’s application is approved, the vaccine will likely be limited and rolled out in phases, with health-care workers, the elderly and people with underlying health conditions getting the …

Covid-19 crackdowns are cutting into U.S. equity returns. Recent upticks in U.S. coronavirus case counts weighed on the major averages Thursday, with the Dow, S&P 500 and Nasdaq Composite eking out modest gains in afternoon trading after sustaining losses earlier in the session. Market analysts were looking longer term at …

[The stream is slated to start at 4 p.m. ET. Please refresh the page if you do not see a player above at that time.] The White House coronavirus task force is slated to address the public on Thursday for the first time in months as the Covid-19 outbreak continues …

2022 GMC Hummer EV sport utility truck GM General Motors is increasing and accelerating its rollout of all-electric vehicles as the automaker attempts to compete against industry leader Tesla as well as an influx of new competitors in the emerging market. The Detroit automaker said Thursday it will spend $27 …

Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to extend losing streak to three sessions Dow futures pointed to a decline at Thursday’s open after two straight down sessions for the 30-stock average. The Dow on Monday rallied to …

Health-care workers in the United States could get the first doses of a coronavirus vaccine in about a month. Pfizer announced Wednesday that it planned to submit an application to the Food and Drug Administration for emergency use “within days” after a final data analysis found its vaccine was 95% …

Taylor Swift performs onstage during the 2019 American Music Awards at Microsoft Theater on November 24, 2019 in Los Angeles, California. Emma McIntyre/AMA2019 Taylor Swift has confirmed that the rights to her first six albums have been sold by Scooter Braun to a private equity firm, marking the latest chapter …

A health care worker holds an injection syringe of the phase 3 vaccine trial, developed against the novel coronavirus (COVID-19) pandemic by the U.S. Pfizer and German BioNTech company, at the Ankara University Ibni Sina Hospital in Ankara, Turkey on October 27, 2020. Dogukan Keskinkilic | Anadolu Agency | Getty …

Small bottles labeled with a “Vaccine COVID-19” sticker and a medical syringe are seen in this illustration taken taken April 10, 2020. Dado Ruvic | Reuters LONDON — High-income countries have adopted an approach akin to the “rule of the jungle” when it comes to securing supplies of prospective coronavirus …

The word “premium” suggests high quality, the best of the best. But what is commonly called “premium gasoline” is a waste of money for countless drivers. Thanks in part to the coronavirus, gas prices have been relatively low compared with the soaring ones seen roughly a decade ago. At the same …

People wear protective face masks outside a McDonald’s location in New York City. Noam Galai | Getty Images McDonald’s will conduct coronavirus safety reviews of its restaurants in the next six weeks as health experts worry that Covid fatigue is contributing to the record high number of new cases in …

With cases of the coronavirus disease still surging in the West, countries in Europe and North America have a “really clear” need for a vaccine, a medical expert said on Friday. Several European countries — including France, Germany and the U.K. — have had to reinstate lockdown measures to stem …

Charges against Jeffery Epstein were announced on July 8, 2019 in New York City. Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors. Stephanie Keith | Getty Images News | Getty Images An internal Justice …

As the U.S. restaurant industry braces for the winter months and a surging coronavirus outbreak, food distributor Sysco has taken steps to help its customers weather an uncertain future. The Houston-based company said Thursday that it is canceling delivery size minimums for restaurants starting Monday. The news comes as some …

1. Stocks set to drop as the Covid-19 vaccine-inspired rally pauses Dow futures pointed to an over 250 point decline at Thursday’s open as Wall Street worried about record spikes in new U.S. daily coronavirus cases. On Wednesday, the Dow Jones Industrial Average closed slightly lower after soaring nearly 1,100 …

A woman and her dog leave Red Square in downtown Moscow on September 24, 2020. YURI KADOBNOV | AFP | Getty Images U.S.-Russia relations are at a low point, according to the head of Russia’s sovereign wealth fund, who told CNBC that Moscow was willing to work with the next …

1. U.S. stocks set to rise, even tech stocks Traders work the floor of the New York Stock Exchange. NYSE Dow and Nasdaq futures pointed to gains at Wednesday’s open, and tech stocks bounced after two rough days. The Nasdaq closed in the red again Tuesday, down nearly 3% this …

A pedestrian wearing a protective face mask walks by a going out of business sign displayed outside a retail store in New York City. Noam Galai | Getty Images A Covid-19 vaccine will not result in an “instant stimulus” to the U.S. economy, which still needs greater fiscal support as …

The Affordable Care Act seems likely to withstand its third challenge at the Supreme Court. During arguments in a case seeking to eliminate Obamacare, two of the court’s conservatives on Tuesday signaled they would not strike down the landmark legislation. Chief Justice John Roberts, who cast the key vote in …

The U.S. can expect increased Covid-19 testing, a national mask policy and the possibility of nationwide lockdowns once President-elect Joe Biden takes office Jan. 20. The Biden-Harris campaign laid out a step-by-step plan for addressing the coronavirus pandemic that includes more testing, increasing use of the Defense Production Act to …

A protestor holds a sign outside the U.S. Supreme Court building, as the court justices engage in arguments over the fate of Obamacare laws, in Washington, U.S. November 10, 2020. Hannah McKay | Reuters The landmark health-care legislation known as Obamacare will face its third test at the Supreme Court …

The next few months will still be difficult as virus cases continue to set new daily records in the U.S., an infectious disease doctor said this week in spite of promising news from vaccine trials. That’s because a vaccine won’t be available in time to stop the flood of cases …

An attendant talks to a person waiting in their car at a coronavirus testing site at Ascarate Park on October 31, 2020 in El Paso, Texas. Cengiz Yar | Getty Images News | Getty Images The United States has now reported more than 10 million cases of Covid-19, a bleak …