CNBC US News

The company on Thursday issued guidance for the full fiscal year that was softer than what analysts had expected.

New York City, closed down due to the coronavirus pandemic, is expected to begin a "phase one" reopening on June 8, New York Gov. Andrew Cuomo said Friday.

Joe Biden is angry about President Donald Trump's tweet in response to protests in Minneapolis in connection with death of George Floyd in policy custody. "When the looting starts, the shooting starts," Trump wrote.

The Democrats said they plan to publicly release transcripts of their interviews "as quickly as possible." They also vowed to take "further public-facing steps" related to their probe.

Barack Obama cited the deaths of George Floyd and Ahmaud Arbery in a tweet calling the disparate treatment of racial minorities in the United States "maddeningly 'normal.'"

The Main Street lending facility, which will target companies with up to 15,000 employees, has been difficult to set up but is just about ready, Powell said.

"There's pent-up demand for electric vehicles," said Sam Jaffe, managing director of Cairn Energy Research Advisors. "We will see a combination of factors make 2021 an inflection point for the sale of electric vehicles."

New York City Mayor Bill de Blasio condemned the four Minneapolis officers involved in the death of George Floyd, saying this "horrifying" situation cannot happen again.

"This guidance is not intended to infringe on rights protected by the First Amendment to the U.S. Constitution," the new guidance says.

Three-quarters of top-level corporate officers said in a survey by the TMF Group that they are at least "somewhat confident" about the economy.

The heatwave in Siberia raises major concerns over devastating wildfires breaking out this summer as climate change accelerates permafrost melt in much of the Arctic region.

The French drugmaker is also putting a hold on supplying the drug on off-label use to treat Covid-19 until safety concerns are cleared by the World Health Organization.

Temperature checks, questionnaires about Covid-19 symptoms and coronavirus tests for employees — it's all part of a new work normal, and a legal gray area in the reopening.

Sen. Ted Cruz called on the Treasury and Justice departments to start a criminal investigation into Twitter for alleged violations of U.S. sanctions on Iran. The call to investigate Twitter comes against the backdrop of an already tense week between the White House and Twitter.

Check out the companies making headlines in midday trading on Friday.

GM plans to significantly increase production at its U.S. plants Monday as part of a cadenced reopening of its North American operations following March shutdowns due to the coronavirus pandemic.

Ford is resurrecting a well-known model of the Mustang called the Mach 1, a performance version of the pony car that first debuted during the golden age of muscle cars in the late 1960s.

Despite record-high unemployment and massive economic fallout from the coronavirus pandemic, fewer homeowners appear to be struggling to make their monthly mortgage payments now than at the start of the crisis.

Americans are hoarding more money than ever. Here's how to make this momentary spike in savings last through the downturn.