CNBC Business

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 Starz app has seen a 44% jump in average viewership since people have been forced to stay home due to the coronavirus outbreak. The app has seen a 142% increase in new customers since the stay-at-home orders began.

Amazon is "a juggernaut that just wipes out everybody," CNBC's Jim Cramer said Thursday. But he also noted the company's hiring spree as many other firms are laying off workers.

"So, one month, we'll continue the close-down policies. What happens after then? I don't know. We will see what the data shows," Gov. Andrew Cuomo said.

New Jersey Gov. Phil Murphy is holding his daily press conference on the Covid-19 outbreak, which has infected more than 71,000 people in the state as of Thursday.

Average asking rents in the city continued to fall during the first quarter, which ended on March 31, with the average of the New York City neighborhoods surveyed dropping 9% year over year to $714 per square foot, according to CBRE.

"Now is not the moment to give the coronavirus a second chance," Foreign Minister Dominic Raab said.

Netflix jumps after a big price-target hike from a Goldman analyst. KeyCorp drops on earnings.

SpaceX is launching more often than any other country or company and CEO Elon Musk touted low insurance costs as proof of reliability.

De Blasio urged Washington lawmakers to approve $500 billion in spending in the next stimulus bill with at least $150 billion of that going toward states, cities and local municipalities.

What is an investor to do in the face of unpredictable events like coronavirus? Instead of trying to "beat" the market, the key is to only take the amount of risk you can afford to take financially and psychologically. There are four important principles to follow.

The coronavirus pandemic is putting a strain on all industries, including films. The call for social distancing shut down theaters and production, impacting all players — from studio executives to freelance employees to consumers. Covid-19 will have a lasting impact on entertainment in the U.S. and around the world.

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 214,800 people across the state as of Thursday.

Starbucks is preparing to reopen cafes as some U.S. states report that the number of new coronavirus cases has plateaued.

If the trend continues, it would mean sales of about 597,000 units for the full month.

"Let's be clear: Anxiety is still very high," BlackRock co-founder CEO Larry Fink said.

U.S. banks have a huge opportunity to emerge from the coronavirus as "heroes" and "good guys," a fund manager told CNBC on Wednesday.

Dow futures point to a higher open Thursday even as 5.245 million more Americans filed for first-time jobless claims last week.

The World Health Organization's European regional director said Thursday that in the past 10 days, the number of confirmed coronavirus cases in Europe has doubled to reach almost 1 million.

Germany has set out a roadmap for cautiously lifting coronavirus lockdown measures, while in the U.K. there are growing calls for an explicit exit strategy.