Business News

New Balance Manufacturing output fell 6.3% in March, following a 0.1% decline in February, the Federal Reserve said in a Wednesday report. Total industrial production also fell 5.4% in March. Both figures posted their la...

The results of a continuing survey by the Collegial Organization of Nursing, found that 70,000 of the 255,000 nurses in the country reported having had or currently having symptoms of the virus.

LIU JIN/AFP/Getty Images Hermès, famous for its luxury Birkin bags, pulled in $2.7 million from wealthy Chinese consumers shopping in Guangzhou last Saturday, according to a new report from Women's Wear Daily. The Frenc...

The IRS is launching a tracker for the 'economic impact payments' of up to $1,200 that it's sending to most Americans.

U.S. benchmark oil prices settle at their lowest since early 2002 on a grim forecast for a record decline in global oil demand this year and a 12th consecutive weekly rise in U.S. crude stockpiles.

This is probably the best aid package that airline investors could hope for, but it shouldn't be read as a recovery signal.

Jon Adams's Daily Cartoon depicts the Kool-Aid Man suffering from quarantine fatigue.

Saudi Arabia's sovereign wealth fund and Russian insiders bought about $1 billion worth of shares in four major European oil companies days before the historic OPEC+ agreement

Gold futures on Wednesday retreat, threatening to snap a multiday win streak as the commodity paused after touching its highest settlement in more than seven years in the previous session. A sharp pullback in bullion pri...

U.S. companies are grappling with how best to provide guidance on their earnings outlook as the novel coronavirus takes uncertainty to new heights and exposes them to potential shareholder lawsuits if forecasts prove mis...

Congress created the P-EBT program on March 18th. It would provide thousands of low-income families with eligible children over $110 per child per month while schools are closed. Nearly a month later, only nine states ha...

Asia's dollar holdings are now a vulnerability few governments saw coming

As inventories of oil rapidly accumulate, producers could soon be forced to pay consumers to take it off their hands--effectively pushing prices below zero.

Stock benchmarks in the Asia-Pacific region declined, and S&P 500 futures traded lower, suggesting U.S. stocks could retrace some ground later on Wednesday.

The OBR warned that the impact of the pandemic could initially be a bigger shock to the UK economy than the 2008 financial crisis and even the world wars.

Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new $1 billion loan just days after closing a $1 billion debt deal, the company said on Tuesday.

The IMF's prediction of deepening economic recession appears to bode poorly for Bitcoin amid record correlation with the S&P 500

In less than a month, Abbott Laboratories has shipped 566,000 of its highly touted "rapid" molecular tests for the Coronavirus strain COVID-19 to all 50 U.S. states.

"If we take this money and don't treat it like the precious capital that it is ... then we've done a disservice to everyone," Junior's Cheesecake owner Alan Rosen told CNBC.

In Newport Beach, baseball super-agent Scott Boras has paid $3.925 million for a stylish home a few blocks from the ocean.

Six weeks with Animal Crossing: New Horizons has helped to illuminate some of the game's shortcomings that weren't obvious in our first review.

U.S. airlines succeeded in getting billions of dollars of federal aid, but it will only buy them a few months: Their survival depends on how quickly passengers return when coronavirus-driven restrictions ease.