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The global economic downturn has been so severe that already half of the world has asked the International Monetary Fund for a bailout, the organization's chief said Wednesday.

Charles Calvin was waiting for his $1,700 government stimulus check. What he saw on his bank balance made him do a double take.

Americans have reported losing more than $13 million to coronavirus-related scams since the beginning of the year, according to the Federal Trade Commission.

The New York City Department of Health estimates that there have been 3,778 probable Covid-19 deaths since March 11 that were originally left out of its official fatality count.

Check out the companies making headlines in midday trading.

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 203,300 people across the state as of Wednesday.

Last month saw over 106,000 people working in clean energy roles lose their jobs.

Pelosi and Schumer, the top Democrats in Congress, have called at least $500 billion in additional relief for small businesses, hospitals, states and food assistance programs.

Ellison said he believes Zoom will continue to be an important to businesses once workers return to the office.

Small business loans from the Economic Injury Disaster Loan program are plagued by delays and inadequate funding, leaving many ailing entrepreneurs short-handed.

This month's HMI survey was conducted from April 1 to April 13, after millions of Americans had been issued orders to stay home to stem the spread of the virus.

Erin Lowry, author of "Broke Millennial Takes On Investing," knows firsthand how intimidating saving for retirement can be for a millennial, but she says the downturn is a great time to start thinking about your future.

The Pentagon's Office of the Inspector General released findings from its review of the JEDI cloud contract on Wednesday.

Citigroup reported a sharp drop in its first-quarter profit as the bank built its loan-loss reserves by $4.9 billion.

The Wall Street bank benefited from greater turmoil and activity in markets in the quarter.

The government has launched a new web app that lets you track your payment or add in your direct deposit bank information. But you need to hurry if you want your cash automatically. Millions of payments are already being deployed.

The retailer said it's taking other cost-cutting measures, too, such as slashing top executives' pay, reducing capital spending and suspending 401k matches.

A day earlier, President Donald Trump announced the U.S. would suspend funding to WHO while it reviews the agency's response to the Covid-19 pandemic.

Airline stocks were in focus Wednesday morning on the promise of federal relief, but Bill Baruch of Blue Line Capital says it pays to be picky.

Treasury yields plunged on Wednesday as investors assessed the potential economic fallout from the coronavirus pandemic.