Boeing will cancel CEO pay, suspend its dividend and extend a pause on share buybacks, the U.S. planemaker said on Friday, as companies eager for government aid to curb fallout from the coronavirus face pressure to cut payouts to investors.
Leaders of United Airlines and its labor unions are raising the threat of massive layoffs if Washington doesn’t provide “sufficient” help to the airline industry by the end of this month.
Starbucks will switch to a drive-thru and delivery-only model for the next two weeks.
Amazon has become a lifeline for many people desperate to buy household essentials without stepping out of their homes amid the coronavirus outbreak, but some Amazon warehouse workers are plagued by anxiety that their jobs could put their lives, or the lives of their families, at risk.
Coal companies want to suspend payments for mine cleanups. The trucking industry wants to waive rules that limit drivers’ daily hours. And oil producers want to put off a June 1 deadline to shift to summer-grade gasoline.
In shelter-in-place America, people have been filling their freezers full of meat just in case. Meanwhile, at the plants where the meat is packed, the big question is: What happens if the workers start getting sick?
Many states are at risk of burning through unemployment savings and relying on a federal bailout to give laid-off and quarantined workers benefits.
U.S. seeks comments on tariff cuts for Chinese imports to aid coronavirus battle
Oil capped its biggest weekly decline in almost three decades as concern that the collapse of global fuel demand will deepen outweighed talks between OPEC and Texas’s energy regulator.
Senate Majority Leader Mitch McConnell set a deadline of midnight for bipartisan negotiators to reach agreements on a sweeping stimulus package that could top $1 trillion and give direct payments to U.S. households amid the coronavirus outbreak.
One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000 roughnecks, almost half the entire workforce, their jobs.
The social network is well-positioned to ride out the coronavirus storm.
"Can you imagine what it means for this country to just have three retailers?" CNBC's Jim Cramer said.
GameStop Corp. shares tumbled on Friday after analysts wrote that the video-game retailer would likely have to close stores in response to the coronavirus outbreak, disputing the company’s reported view that it was an “essential” retailer.
Are you concerned with the safety of your packages? Don’t fret! We’re here to help guide you on how to open and clean your packages during the coronavirus pandemic. Veuer’s Chloe Hurst has the story!
CNBC's Jim Cramer breaks down why he worries Amazon, Walmart and Costco may be the only retailers left after the coronavirus pandemic sweeps through the U.S. economy.
As the novel coronavirus continues to spread, more and more cities are escalating their tactics to keep the virus at bay, asking people to socially distance and, in some cases, to shelter in place. But some are not so lucky to have the ability to work from home. Dr. Eric Cioe-Pena, an emergency physician and the director of global health for Northwell Health, gave us some tips for staying safe at work.
As the fear and panic of coronavirus spreads, so do company closures and layoffs. Here are five companies that are 'too big to fail' due to coronavirus.
Netflix and YouTube have agreed to switch off HD streaming in Europe after the EU asked them to help head off internet gridlock as everyone stays home. Julian Satterthwaite reports.
GameStop keeping employees working
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