Consumer and manufacturing data showed the hit to the economy from the coronavirus was even swifter and deeper in the early weeks of the shutdown than expected.
The chief investment officer of one of the country's biggest public pension funds said the government response to the coronavirus should be focused on supporting unemployed workers.
New Jersey Gov. Phil Murphy is holding his daily press conference on the Covid-19 outbreak, which has infected more than 68,800 people in the state as of Wednesday.
Disney announced that it would be releasing an eight-part docuseries about the making of the first Star Wars live-action TV show. The first episode of the program will debut on May 4, known to fans as Star Wars Day.
The retailer said it's taking other cost-cutting measures, too, such as slashing top executives' pay, reducing capital spending and suspending 401(k) matches.
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.
The S&P 500 surged 12% last week, but the market has been up and down since. That is not a surprise based on recent crisis-era trading history for both the S&P and Dow Jones Industrial Average.
The European Union (EU) has urged countries to adopt a gradual and targeted approach to lifting lockdown measures, with new cases across the continent finally slowing.
Abbott said it plans to distribute 4 million of the new tests by the end of this month, after an initial shipment of 1 million tests this week to U.S. customers.
On Tuesday, confirmed cases in New York state surpassed 200,000 — more than any country outside the United States — but the outbreak has shown signs of peaking in recent days.