J.C. Penney is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores, upending its turnaround plans, according to people familiar with the matter.
Many governments have announced large amounts of stimulus to support their respective economies, with some taking up more debt to fund those expenditure.
Major international creditors will relieve the world's poorest countries of debt payments this year to help them deal with the coronavirus pandemic, France announced on Tuesday.
While the coronavirus pandemic has wreaked havoc on stock markets, it has shone a spotlight on one emerging investment category particularly popular with young people.
Many Chinese companies are still planning to list in the U.S., despite increased scrutiny on the issuers in the wake of disclosures of fraud at high-profile stocks such as Luckin Coffee.
Few mainstream movies spend big budgets on ensuring scientific accuracy, but Steven Soderbergh's 2011 movie "Contagion" had a team of advisors checking everything from the script to the props. CNBC talked to a couple of them to see how the movie holds up in the Covid-19 coronavirus pandemic.
Trump's announcement came a day after governors from six states said they would form their own group to coordinate plans to eventually reopen their economies.
Tesla isn't running an Amazon-style public contest to find the location for a new plant to build Cybertruck electric cars, but one public bid has already rolled in.
"If we're successful … we're hoping to get to hundreds of millions of doses by the end of next year," GlaxoSmithKline CEO Emma Walmsley told CNBC's Jim Cramer.