The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought economic activity in the country to a near-screeching halt.
Disney is about to report earnings. Bill Baruch of Blue Line Capital and Gina Sanchez of Chantico Global discuss what to watch and where it heads from here.
"He says he's not inclined to do bailouts. He's a pure hypocrite given how much money he's put in the hands of the corporations and the wealthy already," de Blasio said at a press conference.
President Trump has invoked a Korean War-era law to fight the coronavirus pandemic. The Defense Production Act gives the president extraordinary powers over the U.S. economy, which supporters of the move say is necessary to contain the disease.
Despite the "unexpected and unprecedented times" due to Covid-19, the company, said Tuesday that it and French automaker PSA Group "remain committed" to a previously announced merger of equals.
When VAST Data became a unicorn, valued at over $1 billion, in April, it relied on virtual meetings with investors, as Silicon Valley VCs and the IPO market navigate Covid-19.
New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 318,900 people across the state as of Tuesday.
"Wherever you turn, you're going to be offered a face covering, and it's going to be on an ongoing basis for weeks to come to make sure everyone has what they need," de Blasio said Monday.
The U.S.-based company, which is working alongside German drugmaker BioNTech, said the first human participants in the United States have been dosed with the potential vaccine, BNT162.
The $2.2 trillion CARES Act has provided several programs to help combat the widespread economic fallout of the coronavirus pandemic, but Americans are still confused. Senior Personal Finance Correspondent Sharon Epperson provides the answers.
As small businesses across the country grapple with economic reopening, one of their biggest fears is that new regulations will be a net negative for post-Covid-19 Main Street.