New York City reports first day with no confirmed coronavirus deaths since March 11

spike

A cyclist wearing a face mask rides on the Williamsburg Bridge in Brooklyn borough of New York, the United States, May 27, 2020.

Michael Nagle | Xinhua via Getty Images

New York City saw its first day without any confirmed deaths from the coronavirus on Wednesday, according to new data from the NYC Department of Health and Mental Hygiene.

The city reported its first confirmed Covid-19 death on March 11, peaking on April 7 when 590 coronavirus patients died in New York City, according to the city’s data. Confirmed deaths have been steadily declined since then, falling below 100 on

Read More

Trump says U.S. has 2 million coronavirus vaccine doses ‘ready to go’

spike

U.S. President Donald Trump speaks during a news conference in the Rose Garden at the White House June 05, 2020 in Washington, DC.

Chip Somodevilla | Getty Images

President Donald Trump said Friday the U.S. has already produced 2 million coronavirus vaccine doses that are “ready to go” once scientists figure out whether it is safe and effective.

“Tremendous progress is being made on vaccines,” Trump said during a Friday morning press conference from the White House. “In fact, we’re ready to go in terms of transportation and logistics. We have over 2 million ready to go if it checks

Read More

Brooks Brothers seeks potential bankruptcy financing amid sale process

spike

A pedestrian wearing a mask walks past a Brooks Brothers storefront closed during the COVID-19 crisis on May 06, 2020 in Vancouver, Canada.

Andrew Chin | Getty Images

Brooks Brothers is talking to banks about raising financing for a potential bankruptcy that could come as soon as July, as the coronavirus pandemic squeezes the sales of the two-century-year-old retailer, people familiar with the matter tell CNBC.

Brooks Brothers is continuing a sale process it launched earlier this year to heavy interest, and could still conduct a sale without filing for bankruptcy, these people say.

However, its talks about so-called debtor-in-possession

Read More

Must ‘get our own house in order’

spike

John Donahoe took over as Nike CEO in January 2020.

Kim Kulish | Corbis via Getty Images

Nike Chief Executive John Donahoe sent a memo to employees Friday regarding the protests that have been sparked by the death of George Floyd, saying the sneaker retailer must fix its own business. 

“While we strive to help shape a better society, our most important priority is to get our own house in order,” the letter reads. 

“Nike needs to be better than society as a whole. … While we have made some progress over the past couple of years, we have a

Read More