While apparel retailer Abercrombie & Fitch reported a sales decline of more than 30% during its latest quarter, its results also hinted at a rapid rebound among younger consumers as it reopens stores across the U.S.
Nordstrom's net sales fell 40% during the first quarter, the company said Thursday, but the department store chain is confident it remains in a strong financial position to work through the coronavirus pandemic, unlike some of its peers.
Federal authorities unmasked a massive coronavirus scheme to sell a foreign government 50 million N95 face masks that didn't actually exist. That government wired $317 million to pay for the fictional masks
"Without a doubt we see it. The further we get away from that, it will be interesting to see how customers respond," Dollar Tree CEO Gary Philbin told CNBC.
The Amazon rainforest, which has been decimated by cattle ranching and wildfires, is the biggest deforestation front in the world with more than 20% of the forest already destroyed.
The NBA will hold a board of governors meeting on Friday when league commissioner Adam Silver is expected to present options on resuming, Milwaukee Bucks co-owner Marc Lasry told CNBC.
A majority of American millionaires say they plan to spend less this summer than in years past, according to the Q2 CNBC Millionaire Survey. Real estate, new cars and vacations are the expenses they are most likely to put on hold.
New York Gov. Andrew Cuomo announced an executive order Thursday to authorize businesses to deny entry to people who are not wearing masks or face coverings.
The United States accounts for more than 28% of Covid-19 deaths worldwide. President Donald Trump in January played down the risk of coronavirus in the country.