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Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones.

Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney out of bankruptcy should the U.S. department store chain's negotiations with its creditors fail, three people familiar with the matter said on Friday.

A record surge in U.S. jobs sent stocks flying as traders cheered the prospects of the economy reopening.

Companies across the country are screening employees for fever as they return to work.

The U.S. economy added 2.5 million jobs in May, the largest single-month increase ever. Four experts weigh in on what comes next.

White House health advisor Dr. Anthony Fauci told CNBC on Friday that the decision to reopen schools this fall will depend on the coronavirus' transmission in the region.

"They don't have relationships with people of color that they can turn to to get counsel about how to move this conversation forward," Morehouse College President David Thomas told CNBC.

United is planning to shutter three of its five overseas flight attendant bases as international travel continues to suffer.

A conversation about the latest market-moving news.

As the U.S. economy slowly starts again, lawmakers are considering various ideas to stimulate growth. President Donald Trump has said he wants a payroll tax cut. But experts aren't so sure that would help the people who need it most. Plus, it would be costly for Social Security.

Amid nationwide calls for law enforcement reform after George Floyd's death, the U.S. Supreme Court will announce if it will consider the issue of qualified immunity, which could make it easier to sue police for serious misconduct.

Brooks Brothers, at 200 years old, calls itself the country's oldest clothing retailer. But the coronavirus pandemic has crushed the retail industry.

The stock market has almost recovered from its pandemic lows, but there are still plenty of challenges to overcome, including declining earnings.

Gov. Andrew Cuomo said the number of coronavirus deaths in New York state hit an all-time low Thursday since the beginning of the outbreak.

President Donald Trump said the U.S. has already produced 2 million coronavirus vaccine doses that are "ready to go" once scientists figure out whether it is safe and effective.

SoftBank's $100 million Opportunity Fund for minority-owned businesses is one of the first large funds created in response to nationwide protests sparked by the killing of George Floyd. But it's about 0.1% the size of SoftBank's Vision Fund, which has made few investments in companies run by black founders or women.

Cuomo said that he spoke on the phone with the man, who "is thankfully alive" after being knocked to the ground in Buffalo by police officers.

Qualified opportunity funds give investors a tax-advantaged way to pour money into economically distressed areas. The IRS is giving these taxpayers until the end of the year to select the projects they will back.

Both automakers this week announced significant job cuts to reduce costs and right size operations due to weakening demand for their vehicles.

CNBC's Jim Cramer on Friday raved about the May jobs report, saying the 2.5 million jobs added was evidence the U.S. economy was bouncing back from the coronavirus-induced devastation.