U.S. manufacturing output dropped by the most in just over 74 years in March as the novel coronavirus pandemic fractured supply chains, suggesting business investment contracted further in the first quarter.
Aston Martin is extending by a week the manufacturing suspensions in place at its two car factories, ahead of the arrival of its crucial first sport utility vehicle, whilst lockdown measures to combat coronavirus continue.
Financial officials of the Group of 20 major economies said on Wednesday they had agreed on a coordinated approach for a suspension of debt service payments for the world's poorest countries starting on May 1 until the end of the year.
U.S. government officials warned on Wednesday about the threat of North Korean hackers, calling particular attention to banking and other finance.
The European Union is looking at ways to get the economy back on its feet next year after what is expected to be the 27-nation bloc's deepest ever recession, caused by the coronavirus pandemic.
Global accounting and consulting firms Deloitte and EY said on Wednesday they were cutting pay for partners at their UK businesses by a fifth to protect jobs during the coronavirus crisis, mirroring moves at rivals PwC and BDO.
The barrage of bad economic news surrounding the coronavirus pandemic can trigger an emotional response, or "amygdala hijack," in investors' brains that can cloud judgment. Here's how to combat the panic and ensure sound financial decision-making.
Small business loans from the Economic Injury Disaster Loan program are plagued by delays and inadequate funding, leaving many ailing entrepreneurs short-handed.
Days after OPEC+ reached a record deal to cut oil output in an attempt to shore up a market reeling from the coronavirus crisis, their calculations are in question.
U.S. crude oil stockpiles rose by 19 million barrels last week, the biggest one-week increase in history, the U.S. Energy Information Administration said, as refiners throttled back activity due to slumping demand as a result of the coronavirus pandemic.
Bank of America Corp reported a 48.5% drop in first-quarter net income on Wednesday, warning that it anticipated a recession because of the novel coronavirus and setting aside an additional $3.6 billion to cover potential losses.
Oil prices sank on Wednesday after the United States reported its biggest weekly build of crude oil inventories on record, while forecasts showed global demand crumbling to its worst levels in a quarter of a century.
American Airlines Group Inc Chief Executive Doug Parker told CNBC on Wednesday that the $10.55 billion it will receive in federal grants and loans should be "more than sufficient" to cover its financing needs, assuming a gradual recovery in demand by the end of the year.
The Pentagon's inspector general on Wednesday said it could not determine whether the White House influenced the award of a $10 billion contract to Microsoft Corp over Amazon after several officials said their conversations were privileged "presidential communications."
Apple Inc on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company's smartphone line in a move to broaden its appeal to budget-conscious customers as the coronavirus hobbles the global economy.