Retail sales rose to a record level in July, recovering what was lost in the pandemic, but the gains are at risk because of the failure of Congress to agree to a new fiscal stimulus package.
Despite taking business risks himself during the '90s, NBA Hall-of-Famer turned business mogul Magic Johnson advises the next generation of entrepreneurs to "lay low" and "push the pause button" amid the Covid-19 pandemic.
As testing turnaround times stretch to a week or more for some parts of the country, a group of 50 biotech companies has figured out a surveillance system with results in 12 hours.
Palm Springs and other desert regions could approach 120 degrees (49C) and even cooler areas, such as coastal regions and portions of San Francisco, could reach 80 degrees (27C), the National Weather Service predicted.
The biggest U.S. mall owner Simon Property Group and apparel licensing firm Authentic Brands Group teamed up to buy denim maker Lucky Brand out of bankruptcy for $140.1 million.
VF Corp.'s The North Face was slow to embrace sustainability as a brand, but it learned from competitors like Patagonia that climate change pays — perhaps even more so in a post-Covid-19 world of outdoor activities.
The U.S.-China trade deal is just not about purchases but structural changes too, said Clete Willems, a former deputy director of the National Economic Council.
Business needs to be at the forefront of accelerating change to end the "disability inequality crisis" as the world emerges from the coronavirus crisis, Founder of The Valuable 500 initiative Caroline Casey says.
"What I think what's happened is the world has accelerated from physical to digital across almost every industry," PayPal CEO Dan Schulman told CNBC's Jim Cramer.
The coronavirus is at least as deadly as the 1918 flu pandemic and the death toll could even be worse if world leaders and public health officials fail to adequately contain it, researchers say.
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