CNBC Business

The possible destruction of the U.S. economy must be weighed against the diminishing health risks from the coronavirus, real estate mogul Barry Sternlicht told CNBC on Tuesday.

He said the stockpile will be filled with locally produced face shields, surgical gowns, test kits and ventilators and the city will also buy equipment from elsewhere as needed.

Global health officials question if antibody testing can accurately determine whether a person has any immunity to the disease.

Georgia's move came amid a wave of announcements mostly by Republican governors about how states will reopen their economies.

Health experts say there needs to be much more Covid-19 testing to better monitor the spread of coronavirus as states seek to reopen businesses and social settings.

A plunge in fuel prices will only hurt demand for new planes, analysts say.

The coronavirus pandemic continues to take its toll on the global auto industry as plants remain shuttered and consumers remain sheltered.

Italians are tending to their appearance and making their own alcohol; Germans are cleaning their homes; while Americans are enjoying a classic food favorite — cookies baked with ready-made dough

HBO Max, a new streaming service from AT&T, will go live on May 27 and draw on the company's deep catalog of content and offer up new shows featuring characters from "Looney Tunes" and Sesame Street's "Elmo."

States should experiment with reopening their economies from their coronavirus shutdowns in order to save small businesses, CNBC's Jim Cramer said Tuesday.

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 253,300 people across the state as of Tuesday.

Coca-Cola said the coronavirus pandemic will have a material impact on its second quarter.

"You have a fiduciary responsibility when the government lays out a program to use it," 'Shark Tank' investor Kevin O'Leary, a.k.a. 'Mr. Wonderful, told CNBC on Tuesday.

Health experts and business CEOs have said there needs to be a big increase in coronavirus testing before companies and social settings start reopening.

The state is grappling with the worst outbreak in the U.S. with more than 253,311 of the nation's 787,960 cases.

Dow futures point to another sharp decline at Tuesday's open as longer-term U.S. oil futures start to deteriorate.

Spain's daily death toll has risen slightly from Monday; meanwhile, Singapore's partial lockdown, known as the "circuit breaker," has been extended to June 1.

Singapore's Prime Minister Lee Hsien Loong said on Tuesday that partial lockdown measures to stem the spread of the coronavirus in the country will be extended by four weeks to June 1.

In a new NBC News/Wall Street Journal poll, 58 percent want election rules changed permanently.

Covid-19 has infected more than 2.4 million people around the world, killing at least 168,500 as of Monday, according to data compiled by Johns Hopkins University.