CNBC US News

The stocks making the biggest moves in premarket trading include GM, CVS, Shopify, Papa John's, Wendy's, and more.

Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP.

Virgin Galactic reported first quarter results after the market closed on Tuesday.

The PwC app is a preview of technology that large companies could deploy as employees return to work as Covid-19 lockdowns ease.

President Donald Trump did not wear a mask as a coronavirus precaution during a visit Tuesday to a Honeywell factory in Arizona that is producing millions of N95 masks.

United fleet and passenger service workers are suing the airline over a planned cut to their hours, saying it violates their contract and the law providing billions in coronavirus aid from the government.

In the lawsuit, Neumann accuses Softbank of backing out of a key provision of its nearly $10 billion bailout agreed to in October. Neumann was the biggest beneficiary of the deal that would have seen him cash out $970 million worth of his stake in the coworking startup.

The initial inquiry, which is being conducted by the office's Civil Division, is in a fact-finding stage after the women raised their concerns publicly.

Investors were optimistic about states' reopening plans as early evidence that the U.S. economy may finally begin to recover.

"If confirmed, the intelligence community will be laser-focused on getting all the answers that we can regarding how this happened," U.S. Representative John Ratcliffe said during his confirmation hearing before the Senate Intelligence Committee.

The new coronavirus strain began spreading in Europe in early February before migrating to other parts of the world, including the U.S., becoming the dominant form of the virus across the globe by the end of March, researchers at the Los Alamos National Laboratory found in a new study.

Disney wants Wall Street to focus on its growing streaming business, but its media networks, theme parks and film studio have grown too large to be ignored. That's become a big problem during coronavirus shutdowns.

Conservative estimates indicate that U.S. hospitals are losing more than a billion dollars per day by complying with the guidance from policymakers and the leading medical associations to preserve resources for Covid-19 patients.

The Cheesecake Factory swung to a loss in its fiscal first quarter as the coronavirus pandemic forced the company to close its dining rooms and furlough thousands of its workers.

"The bottom line is yes, it is a security concern anytime Iran is testing any type of long-range missile," explained Chairman of the Joint Chiefs of Staff, Army Gen. Mark Milley.

Abbott said on May 18, he would also allow gyms and exercise facilities to reopen with 25% occupancy as long as showers and locker rooms remained closed.

The report comes amid the pandemic keeping people home and in need of entertainment.

"More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," Clarida told CNBC.

This is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman.

The group, led by Vice President Mike Pence, has already been moved out of the spotlight. A source told CNBC that the operation has been meeting less frequently.