CNBC Top Stories

The biggest factor in the downturn was a collapse in clothing and accessories that amounted to an 89.3% fall from the same period a year ago.

Business owners who were worried about proving their need for emergency funding can breathe a little easier for now. The Treasury Department and Small Business Administration is granting "safe harbor" for firms that borrowed less than $2 million.

Borrowers are still piling into government and private lender mortgage relief programs, but the pace is finally slowing.

The successful relaunch of the U.S. economy after the coronavirus shutdown will depend on how effectively companies treat the ills of the global supply chain.

Drive-in theaters are having a renaissance as coronavirus social distancing restrictions make them a safe way to watch the big screen.

The U.S. Geological Service is reporting that a magnitude-6.4 earthquake struck in remote western Nevada early Friday.

Select 2019 public market newcomers such as Beyond Meat, Uber and Lyft have reliable long-term prospects despite the market turbulence, traders say.

The White House is preparing an executive order which will require certain essential drugs be made in the U.S.,sources told CNBC on Thursday.

J.C. Penney's advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning.

The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and cash burn improved 60% sequentially, but the money-losing shared-office operator did not mention profitability in an email to employees that was reviewed by Reuters.

The number of cumulative confirmed infections in Russia rose to 262,843 after the country added 10,598 new cases over the last 24 hours, reported Reuters.

Even with tens of millions of jobs lost and a historic decline in output projected this quarter, the U.S. economy could still pull off a relatively quick recovery, Dallas Federal Reserve President Robert Kaplan said on Thursday.

A nonprofit run by President Donald Trump's nominee to lead a federal media agency is under investigation by the Washington, D.C., attorney general for potential self-dealing.

Temasek, which has a portfolio value of 313 billion Singapore dollars ( $219 billion), is now one of the more prominent backers of libra.

China's official, but highly doubted, urban unemployment rate rose to 6.0% in April, from 5.9% in March, according to figures released Friday by the National Bureau of Statistics.

Oil prices have been lifted this week by more signs that oil output is falling among OPEC and other major producers, and a gradual recovery in demand is underway.

The largest economy in South America has become a hotspot for Covid-19.

Billionaire Peter Thiel bought a 193-hectare plot in Wanaka on the South Island of New Zealand half a decade ago, but he is yet to build anything on it.

Hotels are cautiously reopening in anticipation of summer travel, but it's anything but business as usual. From checking in to breakfast buffets, here's what to expect during your next hotel stay.

Rising tensions over how China handled the coronavirus outbreak could be a "major risk" to global recovery, David Sokulsky of Concentrated Leaders Fund said.