CNBC Business

J.C. Penney skipped a $12 million interest payment on April 15, starting the clock on a 30-day grace period.

New leases for Manhattan apartments plunged by 71% in April, and vacancies soared as the rental market froze during the coronavirus pandemic and more residents left the city, according to a new report.

Trump's push to quickly find a vaccine, dubbed "Operation Warp Speed," will be led by a former pharmaceutical executive and a four-star Army general, NBC News reported.

Automakers and suppliers will be allowed to resume production in Mexico as early as next week as long as safety protocols are implemented to protect workers from Covid-19, according to updated guidelines by the Mexican government.

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 343,000 people across the state as of Friday.

The White House still has "confidence in the test," Health and Human Services Secretary Alex Azar says.

Health-care firms are launching Covid testing services to help employers keep workers safe as they reopen businesses

Since government lockdowns began, nonprofits and institutions catering to vulnerable populations have seen declines in revenues and volunteers.

Spot is being used in a park in Singapore to help encourage social distancing and is helping to screen patients at Brigham and Women's Hospital in Boston.

According to data from Slovenia's Ministry of Health, just one new case of the coronavirus was confirmed on Thursday, with no deaths reported.

The biggest factor in the downturn was a collapse in clothing and accessories that amounted to an 89.3% fall from a year ago.

Drive-in theaters are having a renaissance as coronavirus social distancing restrictions make them a safe way to watch the big screen.

Dow futures droppped Friday after the Trump administration moves to block semiconductor shipments to China-based telecom giant Huawei.

The ongoing pandemic has forced sports matches to be canceled and postponed as mass gatherings were banned in an attempt to curb the spread of the virus.

The number of cumulative confirmed infections in Russia rose to 262,843 after the country added 10,598 new cases over the last 24 hours, reported Reuters.

The largest economy in South America has become a hotspot for Covid-19.

Aurora Cannabis posted a smaller loss compared with the prior quarter as customers in the United States and Canada stockpiled cannabis ahead of lockdowns.

U.S. office supply retailer Office Depot said it plans to cut about 13,100 jobs and close certain retail stores by the end of 2023, in a bid to curb costs and focus on its IT services business units.

J.C. Penney's advisors are currently working on a bankruptcy filing that could come late Thursday night or early Friday morning.