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Fiat Chrysler (FCA) plans to resume production of its Panda small car at its plant in Pomigliano, near Naples in southern Italy, on June 16, a union representative said on Wednesday.

The dollar dropped to a three-month low amid speculation the U.S. Federal Reserve will announce later on Wednesday it intends to keep a recent rise in bond yields in check.

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U.S. stocks opened higher on Wednesday, with Nasdaq hitting another record high, as attention shifted to the Federal Reserve's first projections on the economy post-coronavirus outbreak.

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the U.S. economy has already begun to rebound from the coronavirus pandemic and would "improve dramatically" in the third and fourth quarters.

Goldman Sachs Group Inc commodities unit generated more than $1 billion in revenue this year through May as traders positioned their bets for the collapse in oil prices, Bloomberg reported on Wednesday.

Tesla Inc Chief Executive Elon Musk has told his staff it was time to bring the Tesla Semi commercial truck to "volume production," a message that coincides with a surge in the share price of rival clean truck maker Nikola Corp.

Johnson & Johnson said on Wednesday it would start human trials of its potential COVID-19 vaccine in the second half of July.

Oil fell more than 1% to below $41 a barrel on Wednesday after a report showed a rise in crude inventories in the United States, reviving concerns about oversupply and weak demand because of the coronavirus crisis.

U.S. carrier Delta Air Lines on Wednesday forecast a 90% plunge in second-quarter revenue and warned it would need to renegotiate its debt agreements to avoid a default next year.

Ford Motor Co expects to have its U.S. vehicle assembly plants return by early July to building at the rates they did before the coronavirus pandemic shut down the U.S. auto industry for two months, a top executive said on Wednesday.

A survey conducted before the Covid-19 pandemic shows that about 75% of respondents had dealt with at least one major financial setback in the past, and 40% said it took three to five years to get their finances back on track.

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Although the SBA has approved more than 4.5 million emergency loans to support small businesses, many workers are still unemployed.

Starbucks Corp said on Wednesday it expected current-quarter operating income to plunge by up to $2.2 billion, with sales declines for the rest of the year even as stores reopen following easing of coronavirus lockdowns.