Millions of low-income Americans rely on USDA SNAP program benefits for groceries, but online shopping and delivery remain a challenge, even as Amazon and Walmart step up.
Fashion brands rely on sales in department stores to pay their bills. Demand for new product has disappeared, as major retail chains shuttered their stores amid the coronavirus pandemic.
New York City has seen a slowing need for ventilators and a stabilized hospitalization rate for coronavirus cases, but the city should "double down" on efforts to suppress the pandemic, Mayor Bill de Blasio said.
Treasury Secretary Steven Mnuchin expects that that the economy will open "based on medical conditions" related to the coronavirus, rather than prioritizing states' economic output.
McDonald's said Wednesday that its global same-store sales fell 22% in March as the coronavirus pandemic led the fast-food chain to close its dining rooms.
New York City Mayor Bill de Blasio is holding a press conference Wednesday to update the public on the coronavirus outbreak, which has infected more than 76,800 people in New York City.
General Motors will build 30,000 ventilators for the national stockpile for $489.4 million to assist in the coronavirus pandemic, government officials announced Wednesday.
Eighty-one percent of financial advisors say markets haven't hit bottom yet amid the coronavirus pandemic, according to a survey by Ned Davis Research. Two members of CNBC's Financial Advisor Council say whatever the future holds, they're telling clients to stay the course.
The NBA players union informed agent that players who received advance funds on their contract will need to repay league owners as part of any compensation deal.