CNBC Business

The U.S. economy is at a turning point thanks to government support and a speedy campaign to inoculate Americans against Covid-19, Jerome Powell said.

Even as store traffic and vaccinations pick up, the global health crisis will continue to shape consumers' mindset and their purchases.

The International Monetary Fund revised its growth forecast for 2021 up to 4%.

The government has allocated only 700,000 J&J shots to states next week, down from 4.9 million the week prior, according to data from the CDC.

"Godzilla vs. Kong" has topped $60 million at the domestic box office, making it the highest-grossing movie to be released during the ongoing coronavirus pandemic.

On average, 1 in 4 people in high-income countries have received a coronavirus vaccine, compared with just 1 in more than 500 in low-income countries, WHO says.

Following a historic year for tech IPOs, venture capitalists invested a record sum of money in the first quarter, piling into early and late-stage companies.

The plants in Michigan and Indiana produce GM's full-size pickups, including light-duty Chevrolet Silverado and GMC Sierra models.

The state health department is tracking 991 Covid outbreaks across Michigan, Chief Medical Executive Dr. Joneigh Khaldun said.

"We're going to end up being ahead of the game when [the] pandemic is fully behind us," Chipotle CFO Jack Hartung told CNBC.

Music clubs, theaters, promoters and more can access grants of as much as $10 million as part of the Covid relief program.

The connection between youth sports and increased coronavirus cases comes as the highly infectious B.1.1.7 variant is now the most common strain in the U.S.

"His Royal Highness passed away peacefully this morning at Windsor Castle," Britain's royal family announced Friday.

These are the stocks posting the largest moves in midday trading.

Florida's governor said the state will sue the Centers for Disease Control and Prevention, demanding cruise ships be allowed to resume sailing immediately.

While the CDC has not named a restart date for U.S. cruise operations, Dr. Scott Gottlieb told CNBC he believes sailing can be done safely.

The stressful and sedentary nature of life during the coronavirus pandemic caused some to fall out of fitness routines and gain weight.

The global medical community is considering whether it's possible, and safe, to administer two different vaccine candidates to the same person.    

Dick's Sporting Goods on Friday is holding the grand opening of the biggest store it has ever built, called House of Sport.

Because of the Covid pandemic, more consumers are buying items online and ordering food from drive-thru windows.