CNBC US News

"People are realizing that telecommuting doesn't mean you have to be in New York City five days a week," Connecticut Gov. Ned Lamont told CNBC on Friday.

J.C. Penney skipped a $12 million interest payment on April 15, starting the clock on a 30-day grace period.

Trump's push to quickly find a vaccine, dubbed "Operation Warp Speed," will be led by a former pharmaceutical executive and a four-star Army general, NBC News reported.

Automakers and suppliers will be allowed to resume production in Mexico as early as next week as long as safety protocols are implemented to protect workers from Covid-19, according to updated guidelines by the Mexican government.

The White House would likely support a new round of stimulus checks, sources told CNBC on Thursday.

The White House still has "confidence in the test," Health and Human Services Secretary Alex Azar says.

Since government lockdowns began, nonprofits and institutions catering to vulnerable populations have seen declines in revenues and volunteers.

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

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

The U.S. Food and Drug Administration issued an alert on Thursday saying there is early data that suggests Abbott Labs' rapid coronavirus diagnostic test for Covid-19 may be delivering inaccurate results.

The stocks making the biggest moves in premarket trading include Qualcomm, Cisco, Apple, Boeing, Disney, and more.

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

President Donald Trump will ask the Supreme Court to halt a lawsuit against him brought by the state of Maryland and Washington, D.C., alleging that he has violated the Constitution's emoluments clauses, his personal attorney said Thursday.

So far, Amazon has declined to disclose the number of employees who tested positive or died from Covid-19.

The cuts, announced internally Thursday, are expected to primarily occur outside of the company's engineering operations

Mexico will delay the restart of its "essential" manufacturing operations, including automotive, until June 1, the government said Thursday.

As companies quickly cut workers to comply with social distancing requirements, 39% of people living in households that had incomes of less than $40,000 reported a job loss

Peltz said that he has two new investments, is optimistic that a Covid-19 vaccine will be made and that he plans to vote to reelect Trump.

Nearly 4.6 million Californians have filed for unemployment claims since March 12, California Gov. Gavin Newsom said.

Cuomo signed a "New York State on PAUSE" executive order on March 20 that closed nonessential businesses and ordered residents to adopt social distancing measures. That order will expire on Friday.