CNBC US News

Intelsat satellite is nearly 20 years old, but a spacecraft built by Northrop Grumman succeeded in docking with it and extending its lifespan.

Areas such as construction should be the first to come back, John Williams told CNBC.

The stocks making the biggest moves in premarket trading include P&G, Gilead, Schlumberger, Boeing, Apple, and more

Issuers are urging caution as the Federal Reserve pledges to buy investment-grade and high-yielding junk bond ETFs to support the market.

Michael Cohen, the former personal lawyer and fixer for President Donald Trump, will be released from prison and be allowed to serve the remainder of a three-year sentence due to concerns about the coronavirus

The Pentagon deployed the USNS Comfort and the USNS Mercy hospital ships in March to help with the surging coronavirus cases.

The new guidance ramps up pressure on governors to loosen their restrictions, even as health experts and business leaders alike warn that widespread testing systems are needed before Americans can safely start returning to their normal lives.

Weeks before the governors of California and Washington told their residents to stay home, the top employers in their states were operating remotely.

"We will climb out of this. It's not going to be a sudden bounce back," the central bank official told CNBC.

"A story like this shakes you to the bone," Gov. Phil Murphy said at a press conference.

The independent group created by Facebook had run into regulatory hurdles with its plans to offer a coin backed by multiple currencies.

President Donald Trump is expected to roll out guidelines on how the U.S. can start to reopen for business in areas where coronavirus cases are on the decline and testing ramps up.

Uber expects to disclose an impairment charge because of declines in the value of certain investments.

Michigan and Pennsylvania, which backed Trump in 2016, have some of the highest jobless claims per capita during the coronavirus outbreak.

Some experts say America needs to perform 20 million to 30 million tests a day to begin getting the economy back to normal. One estimate says it will cost up to $500 billion over time for a program of widespread testing, contact tracings and data aggregation.

General Electric and Ford Motor will produce 50,000 ventilators for the U.S. government under the Defense Production Act for $336 million, federal officials announced Thursday.

The U.S. Army is offering an initial investment of $100,000 to innovators with plans to rapidly develop ventilators amid the coronavirus pandemic.

The Supreme Court's announcement it would hold oral arguments by teleconference because of coronavirus has a group of America's top attorneys prepping for the most important phone calls of their careers.

Nothing can compare to the crushing economic tsunami created by the coronavirus pandemic, but in the housing market, there are some parallels to natural disasters.

Williams said the Fed now has to make sure its moves perform as they are intended.