Netflix Inc said it will cut traffic by 25% on networks across Europe in a relief measure for internet service providers (ISPs) experiencing a surge in usage due to government "shelter in place" orders aimed at slowing the coronavirus outbreak.
In normal times massive unemployment and a collapse in economic output would be tragic.
In order to put recession-fighting checks into the hands of millions of Americans, President Donald Trump will rely on a tax agency that has fewer workers, a smaller budget, and the same 1960s-era computer systems it had the last time it was asked to do so.
Brazilian planemaker Embraer is putting all its Brazil-based employees who cannot work remotely on paid leave until March 31, the company said on Sunday, adding that only "a few essential operations" will be maintained.
Frauds linked to the coronavirus are already surfacing, and they resemble wrongdoing that emerged during the financial crisis over a decade ago.
Finding the market's bottom involves creating a framework to assess the implicit assumptions in the market, the business sustainability, cash flow and balance sheets of the companies in which we invest.
Wells Fargo & Co has asked the U.S. Federal Reserve to remove an asset cap introduced during its accounts scandal in order to allow it to support businesses and customers hit by the coronavirus economic fallout, the Financial Times reported.
German carmaker Volkswagen AG said on Saturday its factories will be closing for two weeks and in some regions three, amid growing concerns over the spread of the coronavirus.
College students will miss graduations and have been denied opportunities to study abroad, but others have no home to go to and can't afford housing during the coronavirus pandemic.
Jobless claims across New York are spiking as the coronavirus forces restaurants and bars to lay off employees en masse.
Panasonic Corp said on Saturday it will temporarily suspend production at its battery joint venture with U.S. electric carmaker Tesla Inc in Nevada because of the coronavirus outbreak.
Starbucks Corp said on Friday it will close most of its company operated cafes across north America for two weeks, limiting its services to drive-throughs, to help stem the spread of the highly contagious coronavirus.
Uber Technologies has suspended the option to book regular taxi services through its app in Saudi Arabia until further notice, a company statement said on Friday.
Alphabet Inc's Google said on Saturday it launched a United States-focused website with information about coronavirus guidance and testing, as the country works on slowing the spread of the highly contagious virus.
Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, according to a filing with the U.S. securities regulator.