CNBC US News

Brooks Brothers, at 200 years old, calls itself the country's oldest clothing retailer. But the coronavirus pandemic has crushed the retail industry.

SoftBank's $100 million Opportunity Fund for minority-owned businesses is one of the first large funds created in response to nationwide protests sparked by the killing of George Floyd. But it's about 0.1% the size of SoftBank's Vision Fund, which has made few investments in companies run by black founders or women.

Both automakers this week announced significant job cuts to reduce costs and right size operations due to weakening demand for their vehicles.

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

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.

Former Vice President Joe Biden on Friday is expected to address the surprising May jobs numbers that indicate the largest U.S. employment gain ever.

Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones.

Amid protests taking place in response to police brutality against black Americans, murals honoring George Floyd have cropped up around the world.

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

Pence's remarks came shortly after the May jobs report showed a stunning rise in employment, suggesting an economic recovery from the pandemic is underway.

Slack reported that it grew revenue 50% during the quarter, compared with 49% last quarter, on an annualized basis.

Media organizations and technology platforms should more clearly define their purposes to exist as they try to balance open dialogue with offensive and misleading speech.

Treasury yields surged on Friday after jobs data for May blew past expectations.

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

President Donald Trump is slated to deliver his remarks in a news conference Friday following the largest job gain ever.

Multi-award winning British rapper Tinie Tempah told CNBC that mental health issues are prevalent in his community due to pressures including systemic racism and lack of opportunity.

He leaves amidst mounting challenges at the company, including a new class action lawsuit over its failed 2019 IPO.

The stocks making the biggest moves in premarket trading include Slack, Gap, RH, Broadcom, Uber, and more.

Coronavirus cases in the United States have been slowly ticking up since the Memorial Day holiday, according to a CNBC analysis of data compiled by Johns Hopkins University.