Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Chipotle Mexican Grill founder Steve Ells has stepped down from the chain’s board and relinquished his title of executive chairman after current CEO Brian Niccol was named chairman. “Brian has proven that he is absolutely the right person to lead Chipotle forward and I’ve
Business
People wearing protective masks sit with a Minnie Mouse balloon inside the departure hall at West Kowloon Station, operated by MTR Corp., in Hong Kong, China, on Tuesday, Jan. 28, 2020. Justin Chin | Bloomberg | Getty Images The spread of coronavirus and cutbacks in domestic and international airline schedules continue to raise concerns and
Gary Jones, the newly-elected President of the United Auto Workers (UAW), addresses the 37th UAW Constitutional Convention June14, 2018 at Cobo Center in Detroit, Michigan. Bill Pugliano | Getty Images DETROIT — Former United Auto Workers President Gary Jones was charged with embezzlement and defrauding the U.S. government as part of a multiyear corruption probe into
This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: More than 95,000, according to data compiled by Johns Hopkins University. Global deaths: At least 3,250, according to data compiled by Johns Hopkins University. US cases: At least 138, according to data compiled by Johns Hopkins University. US deaths:
The silhouettes of travelers are seen walking past United Continental Holdings Inc. and Delta Air Lines Inc. planes at Ronald Reagan National Airport in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images U.S. airline CEOs and the industry trade group are scheduled to meet with Vice President Mike Pence in Washington D.C. on Wednesday,
Passengers arrive at LAX from Shanghai, China, after a positive case of the coronavirus was announced in the Orange County suburb of Los Angeles, California, January 26, 2020. Ringo Chiu | Reuters North Carolina health officials confirmed the state’s first COVID-19 case — a patient from Wake County who traveled to Washington state. Local health
A woman wears a face mask as she waits on the subway after the first confirmed case of coronavirus was announced in New York State in New York, March 2, 2020. Andrew Kelly | Reuters This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: At
Empty shelves of sanitizer products at a CVS in Rivers Edge, N.j., as a result of the coronavirus outbreak. Fahiemah Al-Ali | CNBC As an outbreak of a new coronavirus causes some U.S. customers to fill up shopping carts and thin out store shelves, industry groups and experts say grocers can tamp down on “panic
Tourists wearing masks walk through Union Square in New York City on February 28, 2020, amid fears of the coronavirus and a global pandemic. Timothy A. Clary | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 89,100
A new Pininfarina SpA Battista luxury hypercar sits on display on the opening day of the 89th Geneva International Motor Show in Geneva, Switzerland, on Tuesday, March 5, 2019. Bloomberg | Bloomberg | Getty Images BMW, Porsche and Bentley are debuting their hottest new cars online after organizers of the Geneva International Motor Show canceled
Microsoft founder Bill Gates Lintao Zhang/Getty Images Billionaire and Microsoft co-founder Bill Gates said the coronavirus that has killed at least 2,859 people and infected more than 83,700 globally may be the “once-in-a-century pathogen we’ve been worried about.” “I hope it’s not that bad, but we should assume it will be until we know otherwise,”
Rolls-Royce Phantom Source: Rolls-Royce Phantom Sales of Rolls-Royces have fallen “pretty close to zero” in China because of the coronavirus, but the company sees early signs of possible recovery, the company’s CEO told CNBC. Rolls Royce said sales in China, its second largest market after the U.S., were hit especially hard as many parts of
This is a live blog. Please check back for updates. All times below are in Beijing time. Total confirmed cases: More than 85,000 Total deaths: At least 2,861 3:45 pm: Kuwait health ministry urges citizens not to travel A health ministry official has called on citizens in Kuwait to avoid travel due the coronavirus outbreak,
Walmart logo is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Yichuan Cao | NurPhoto | Getty Images Walmart has named Jamie Iannone its chief operating officer for U.S. e-commerce, after the Sam’s Club executive helped oversee digital initiatives for the retailer’s membership-based subsidiary. In a company memo
A pedestrian wears a face mask while pushing a stroller past the Tiffany & Co. luxury goods store at Times Square in the Causeway Bay district of Hong Kong, China, on Thursday, Feb. 6, 2020. Bloomberg If the coronavirus spreads in the U.S., that could mean really bad news for U.S. mall owners, according to
People are wearing masks at Myeongdong on February 20, 2020 in Seoul, South Korea. Jong-Hyun Kim |Anadolu Agency | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 81,400 Total deaths: At least 2,770 8:13 am: Former FDA chief calls
A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Best Buy‘s fourth-quarter results exceeded analysts’ expectations, driven by strong sales gains over the holidays. Shares are up more than 2% in premarket trading. Shares were up 36% over the past 12 months, bringing its market value
This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 81,000Total deaths: At least 2,764 9:54 am: Brazil Health Ministry confirms first coronavirus case in Latin America The Brazilian government confirmed the first case of a fast-spreading new coronavirus in Latin America, officials from
Bob Chapek (C) Chairman of Parks, Experiences, and Products for the Walt Disney Company speaks during the dedication ceremony for the “Rise of the Resistance” attraction opening at Galaxy’s Edge at Disney’s Hollywood Studios on December 04, 2019 in Orlando, Florida. Gerardo Mora The head of Disney’s parks, experiences and products is now its new
Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Getty Images Bob Iger is stepping down as CEO. The media mogul, who has been at the helm of
Amazon Go Grocery spans 10,400 square feet and includes about 5,000 different items. Source: Lauren Thomas, CNBC SEATTLE — Amazon is cracking further into the $800 billion U.S. grocery industry, keeping the likes of Walmart, Kroger, 7-Eleven and Instacart on their toes. The online behemoth on Tuesday is opening its first, full-size, cashierless grocery store.
A pedestrian wearing a face mask walks past a stock indicator displaying share prices of the Tokyo Stock Exchange in Tokyo on February 3, 2020. BEHROUZ MEHRI | AFP via Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 79,400Total
Crawfish concierge at Ritz-Carlton New Orleans. Source: Ritz-Carlton New Orleans Pantelis Evangelou is a guest services manager at the London Marriott Park Lane, but to young guests, he may be better known as the hotel’s teddy bear butler. The hotel offers a teddy-bear themed concierge service to children that is included with suite bookings or
At least a few executives at major automakers have indicated that electric cars are the way of the future, and several of them are making big bets on battery-powered vehicles. But at least in the United States, the market seems to belong almost entirely to Tesla. The California carmaker’s Model 3 midsize sedan far outstripped
The eighth-generation Chevrolet Corvette started its life as a Frankenstein test vehicle that parts of the previous generation sports car and Australian-made pickup called the Holden Ute, codenamed internally as “Blackjack.” That included exterior features of the pickup. Michael Wayland / CNBC LAS VEGAS – General Motors took unprecedented steps in an attempt to hide
2020 Chevrolet Corvette GM LAS VEGAS – The performance, price and mid-engine layout of the 2020 Chevrolet Corvette have been well-documented. If you need a reminder, the vehicle has Chevrolet’s LT2 small-block 6.2-liter V8 engine that’s rated at 495 horsepower and 470 pound-feet of torque. It can achieve 0 to 60 miles per hour in
Image of the 1:10 Hot Wheels R/C Tesla Cybertruck by Mattel. Mattel Image of the 1:10 Hot Wheels R/C Tesla Cybertruck by Mattel. The 1:64 scale model, around 3 inches long, is the same size as a traditional Hot Wheels car, so it can be used with any of Mattel’s car tracks, the toymaker said.
A health worker sprays disinfectant inside a Vietnam Airlines airplane to protect from the recent coronavirus outbreak, at Noi Bai airport in Hanoi, Vietnam February 21, 2020. Kham | Reuters Airlines have canceled more than 200,000 flights as the coronavirus continues to spread, prompting travel restrictions and a sharp drop in demand for trips to
Holiday shoppers take part in early Black Friday shopping deals at the Gap store in Times Square in New York. Brendan McDermid | Reuters Gap is the latest retailer to dip its toes into the secondhand apparel market, following the lead of Macy’s, Nordstrom and others, in a bid to stay relevant in an industry
2020 Chevrolet Corvette Michael Wayland / CNBC LAS VEGAS – The success of the 2020 Chevrolet Corvette won’t solely be defined by the car’s profits, performance or initial sales, which the company is describing as “unprecedented.” The success of the eighth-generation Corvette will largely rest on whether the mid-engine vehicle can attract a new generation