CNBC Business

"We have been behind it from day one since it got here. We have been playing catch up," Cuomo said Tuesday in announcing the new cases.

The new cases make New York the coronavirus epicenter of the world, surpassing China's Hubei province, which reported 67,801 cases.

While many across the U.S. are announcing layoffs and hiring freezes due to coronavirus, Bank of America claims they hired more than 2,000 new employees in March alone and raised their U.S. minimum hourly wage to $20. Vice chairman Anne Finucane reveals how the company protects the well-being of its 200,000+ employees while also maintaining business continuity and protecting the bottom line.

The ambulances will increase capacity to transport coronavirus patients between medical facilities and assist the Fire Department with responding to a record number of medical calls.

New Jersey Gov. Phil Murphy is holding a press conference on the COVID-19 outbreak, which has infected more than 16,636 people in the state as of Tuesday.

Carnival warned that "even once travel advisories and restrictions are lifted, demand for cruises may remain weak for a significant length of time."

The biggest U.S. mall owner, Simon Property Group, has furloughed about 30% of its workforce as the company copes with all of its properties being temporarily shut because of the coronavirus pandemic.

Ford on Tuesday said it is delaying the restart of a car plant in Mexico as well as four truck SUV and van plants in the U.S. " to help protect its workers."

JetBlue is the latest carrier to slash flights in the New York area because of coronavirus warnings.

"We don't intend to do any layoffs as a result of COVID-19," PayPal CEO Dan Schulman told CNBC on Tuesday.

New York Gov. Andrew Cuomo is holding his daily press conference on the COVID-19 outbreak, which has infected more than 67,300 people in the state as of Wednesday.

Nearly every Sony Pictures title due out in 2020 has been pushed to next year in the wake of the global coronavirus outbreak.

Economist Derek Scissors said it is hard to believe China's COVID-19 outbreak did not spread more significantly outside Hubei province.

Serial entrepreneur Gary Vaynerchuk says now, more than ever, is the time for businesses to think about innovation by thinking outside of current strategies and concepts that have always been available.

Belarussian President Alexander Lukashenko has refused to implement a lockdown in the country of roughly 9.5 million people.

Seattle Seahawks star QB Russell Wilson, his wife Ciara and private jet company Wheels Up start a meal donation effort with Feeding America as coronavirus layoffs lead to a spike in hunger.

While the restaurant industry sees sales plunge, pizza chains Papa John's and Domino's Pizza are expecting positive same-store sales growth during the first quarter.

The retailer is sending infrared thermometers to all stores, clubs and facilities and will roll them out first at distribution centers and in coronavirus hotspots.

The coronavirus crisis could be the "opportunity of the century" for China to cement its place as a global power, a professor told CNBC.

The firm still expects a rebound to 4.9% growth in 2021.