CNBC Business

The Trump administration is scrapping a plan to ban Chinese passenger airlines outright but will limit their flights to twice a week.

Airbus recorded no new orders in May as the company adjusts to the harsh reality of airlines canceling or deferring orders for new planes in a bid to save cash.

The WNBA was originally slated to begin its season in mid May, according to the league's website.

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.

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.

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.

President Donald Trump characterized the decision to support closing the economy as "the hardest decision of my life."

Film crews will need to adapt to handle the challenges brought on by the coronavirus. Four industry experts weigh in on how the entirety of film production, from script to final edit, could be altered.

The milestone represents a turning point in the country's epidemic, as restrictions on individual movement and businesses have driven down the spread of the virus in the hardest-hit cities such as New York.

Check out the companies making headlines in midday trading on Friday.

Tesla shares have raced nearly 110% higher this year, and they could be gearing up for an even bigger rally.

McMillon, who leads the Business Roundtable, announced the group of CEOs will form a special committee to advance racial equality and justice solutions.

Mall owner CBL & Associates said Friday that its ability to continue as a going concern is in doubt after the retailers in its properties skipped rent payments during the Covid-19 crisis, forcing CBL to miss its own interest payment.

Airline stocks have surged this weeks on signs of optimism about an uptick in travel demand after hitting lows because of the coronavirus.

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak on the heels of protests across the U.S. over the police killing of George Floyd.

CNBC studied the net change in employment by industry for May based on data from the Labor Department.

Dow futures really started to soar after the government's May jobs report was much better than feared.