CNBC Business

United Airlines said on Thursday it will need to cut 2,850 pilot jobs between Oct. 1 and Nov. 30 if the government does not extend an aid package to help airlines cover employee payroll for another six months while they weather the coronavirus pandemic.

"As long as you can reduce fixed costs, this shift to digital can be profitable," Abercrombie & Fitch CFO Scott Lipesky said in a phone interview.

"Everyone who wants a test does not necessarily need a test," CDC Director Dr. Robert Redfield said in a statement late Wednesday.

All three NBA playoff games scheduled for Wednesday also have been postponed, with players choosing to boycott in their strongest statement yet against racial injustice.

Although many perils are covered under the standard part of your homeowners insurance policy, some weather-related events qualify for coverage differently — and some may not be covered at all.

"The frustration that the players feel is something that's felt broadly among the ownership group, too. We want to see change," Sacramento Kings co-owner Chris Kelly told CNBC.

White House senior advisor Jared Kushner said Thursday that the NBA players refusing to play in protest of a recent police shooting are lucky to be rich enough to be "able to take a night off from work."

Abbott Laboratories said on Wednesday it won U.S. marketing authorization for a Covid-19 portable antigen test that can deliver results within 15 minutes and will sell for $5. CEO Robert B. Ford explains how it is a gamechanger.

Former UAW President Dennis Williams was charged with embezzlement and defrauding the government as part of a multiyear corruption probe into one of America's most prominent unions.

The samples were collected at the oncology facility during the height of the New Jersey's outbreak. None of the samples returned positive for the coronavirus, the study found.

Many retailers say they are still waiting to see strong demand for back-to-school shopping as parents and students put off purchases of fresh outfits, notebooks and glue sticks.

As Hurricane Laura approached the Louisiana and Texas coasts, officials issued dire warnings for people hunkered down at home during the storm.

Hurricane Laura pounded the Gulf Coast for hours with ferocious wind, torrential rains and rising seawater as it roared ashore over southwestern Louisiana near the Texas border early Thursday, threatening the lives of people who didn't evacuate.

We've now entered the "virtual experience economy," giving rise to a boom in the use of virtual reality for everything from education to travel says Vikas Gupta CEO of AVARA Media.

Many public health specialists and epidemiologists have repeatedly said that widespread and rapid testing for the coronavirus is critical to driving the U.S. response.

Some workers in the U.K. will be paid £130 ($172) if they are required to self-isolate amid the coronavirus pandemic, the British government announced Thursday.

The WHO is holding a briefing on the Covid-19 pandemic.

U.S. stock futures were pointing to gains at Thursday's open after Federal Reserve Chairman Jerome Powell announced a major policy shift on inflation.

What is going to happen to America's dead malls? That's a million-dollar question plaguing retailers and real estate developers.

Starbucks said it will ensure that its baristas won't have to choose between working and voting as part of a nonpartisan push to raise Election Day turnout despite the coronavirus pandemic.