Bain predicted a full-year contraction between 20% to 35% for the personal luxury market that includes clothes, jewelry, watches, beauty products, and accessories.
The coronavirus outbreak in the Middle East is likely to remain under control despite the easing of restrictions in recent weeks, as long as strict social distancing continues to be enforced, experts told CNBC.
California Gov. Gavin Newsom announced on Thursday a list of health guidelines that retailers, manufacturers and warehouses must adopt to begin offering curbside pick-up as early as Friday.
Norwegian Cruise is working "shoulder-to-shoulder" with health officials to "develop an enhanced protocol" to relaunch cruise trips, CEO Frank Del Rio said.
Hydroxychloroquine, a decades-old malaria drug touted by President Donald Trump, didn't appear to help hospitalized patients with Covid-19, according to a new observational study.
General Motors plans to further strengthen its cash position during the coronavirus pandemic through an offering of senior unsecured fixed rate notes, the company announced Thursday.
As the coronavirus dominates the news, it's easy to forget that a presidential election is six months away. Since 1990, here is how stocks have done in election run-up periods.
"When the CDC changed its [face mask] guidelines ... we all of a sudden saw overwhelming amounts of demand come on to our site," Etsy CEO Josh Silverman told CNBC.
Before boarding, passengers and crew members will have their temperatures checked at the gate. If someone registers a temperature of 100.4 or higher, they will be kept at the gate.
Michigan Gov. Gretchen Whitmer will allow the state's auto manufacturing plants, most of which have been shuttered since March due to the coronavirus pandemic, to reopen beginning Monday.
"We really think we'll benefit from that because we operate in more states than any gaming company in the world," Penn National Gaming CEO Jay Snowden told CNBC.
The new daily testing policy for the president and the people in his circle comes hours after the White House acknowledged that a personal valet for Trump tested positive for Covid-19.