As part of the discussions, J.C. Penney would be able to draw $225 million of its bankruptcy loan on day one, and then have to hit certain milestones in order to obtain the second half of the loan.
"I think that there's an opportunity here for us because this is only centered — only centered — on the coronavirus," the top Democrat in Congress told CNBC's Jim Cramer.
Alinea owner Nick Kokonas figured out how to thrive during the coronavirus pandemic by pivoting his restaurant and reservation start-up, Tock, to takeout
Tesla employees went back to work at the company's U.S. car plant on Tuesday as Trump cheered on CEO Elon Musk's defiance of local Covid-19 health orders.
The Department of Transportation says it's getting inundated with complaints about airline refunds from consumers and again issued guidance on what travelers are owed.
CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. Today, CNBC's Robert Frank takes a look at Tesla CEO Elon Musk and how following through on his threats to leave California for Nevada or Texas could lead to a lower tax bill.
The concept is simple: Members of the ant group on Facebook post photos and videos about being ants. They live to serve their fictional queen and find her food such as crumbles, candy and ice cream.
California Gov. Gavin Newsom announced on Tuesday that state will move further into its reopening process, allowing some offices, malls and outdoor museums to resume operations with modifications.
"I really hope we have three, four, five vaccines, because no manufacturer can make enough doses for the planet," Moderna CEO Stephane Bancel said during CNBC's Healthy Returns Virtual Summit.
Scientists and health officials may find a vaccine that is effective in preventing Covid-19 by the end of this year "if we're lucky," billionaire philanthropist Melinda Gates tells CNBC.