CNBC US News

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.

Facebook CEO Mark Zuckerberg on Thursday announced that the company will allow its employees to work from home through the summer and it will not host any large events through June 2021.

Facebook, which has been criticized for its handling of health issues in the past, has made several coronavirus-related adjustments to its platform over the past few months.

The NBA will use Azure to provide new interactive features for its website and online apps. NBA Commissioner Adam Silver and Microsoft CEO Satya Nadella spoke to CNBC about the deal.

It's the first Apple retail store outside of China to reopen and Apple's only store in South Korea.

The U.S. has struggled since the beginning of the outbreak to ramp up the capacity to test for the coronavirus.

In the letter, Bezos said he hopes to begin regular testing of Amazon employees, including those with no symptoms.

The most recent count represented a drop from the previous two weeks but still showed that the damage to the U.S. labor market remains profound.

"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.

One expert said the theory the virus came from a Wuhan animal market has lost favor in some quarters, in part because an early patient had no market link.

From Maine to the Coachella Valley in California, state and local governments have enacted measures of varying degrees that are preventing property managers from booking short-term rentals through websites like Airbnb, Vrbo and Booking.com.