CNBC Business

"We're stranded," Kansas' Phil Ehart told CNBC on Tuesday. "It's starting to take an effect, not having a light at the end of that tunnel."

They are the latest mass job cuts to hit the aviation industry as it reels from a plunge in demand and billions in losses.

The FDA's decision to issue emergency use for the treatment came a day after President Donald Trump accused the agency of delaying enrollment in clinical trials for Covid-19 vaccines or therapeutics.

"This was not expected at all; this was not foreseen," said Kyle Garcia, a 17-year-old freshman at the University of Notre Dame.

The Dow is getting its largest makeover in seven years, and Exxon is on the chopping block.

These are the stocks posting the largest moves in midday trading.

Philadelphia 76ers fired coach Brett Brown on Monday, and GM Elton Brand said he's leading the charge to find a new coach, which could include a former franchise foe.

Best Buy is one of the retailers that has benefited from stay-at-home trends during the pandemic, such as working from home and attending school remotely.

U.S.-based critics have had a hard time getting access to "The New Mutants" and "Tenet" to review ahead of their opening weekends.

The annual fashion show will be allowed to host the world's top designers as scheduled for Sept. 13 to 17, but even outdoor audiences will be capped at 50 people.

Kymeta said it raised $85.2 million in this latest round, with Bill Gates leading the investment with $78.5 million.

Nets co-owner Clara Wu Tsai told CNBC a five-point plan over 10 years will drive social and economic equality.

Best Buy will turn about a quarter of its stores into hubs that handle higher volumes of packages as part of a pilot that starts next month.

Ghislaine Maxwell, a former friend of Presidents Donald Trump and Bill Clinton, is accused of procuring underage girls for abuse by her friend Jeffrey Epstein.

It's been a busy year for natural disasters and a catastrophic one for residents who have racked up losses. Be aware that writing off those damages on your tax return may be difficult. Here's why.

After serving as one of the leaders of the White House communications shop, Hope Hicks departed the administration in 2018. She returned as an assistant and counselor to the president this year.

"I would not be surprised if we see an uptick after Labor Day in cases," said Catherine Troisi, an infectious disease epidemiologist at UTHealth School of Public Health in Houston.

Thousands of people were ordered to evacuate the Texas and Louisiana coasts Tuesday as Laura strengthened into a hurricane that forecasters said could slam into land as a major storm with ferocious winds and deadly flooding.

The deadliest and most destructive of the three in the wine country had containment lines around 25 percent of it that serve to prevent fires from burning more land.

There are less than two dozen Black-owned banks in the U.S., and not one manages more than $1 billion. For Black business owners and communities of color to create wealth, that needs to change, yet the trend is not necessarily headed in the right direction during Covid-19.