General Motors will build 30,000 ventilators for the national stockpile for $489.4 million to assist in the coronavirus pandemic, federal officials announced Wednesday.
Investing heavyweight Howard Marks, who only a few months ago was telling investors to use extreme caution, now thinks the time for playing defense is over.
Panera Bread is selling groceries as housebound consumers eat fewer meals from restaurants. Customers are able to order breads, bagels, milk, yogurt, cream cheese and fresh produce as part of an initiative that began Monday.
Though Twitter‘s advertising is taking a tough hit in the near-term, Bernstein analysts upgraded Twitter to “market-perform” Wednesday.
The Federal Reserve is lifting the asset cap it has imposed on Wells Fargo so the bank can participate in the government’s small business lending program.
The number of confirmed coronavirus cases in the U.S. surpassed 400,000 on Wednesday, according to figures provided by NBC, with 12,864 fatalities nationwide.
Treasury Secretary Steven Mnuchin said Wednesday he expects New York, the financial capital of the U.S. and the epicenter of the nation’s coronavirus outbreak, will take longer to “reopen” its economy than other parts of the country.
Loan servicers are being slammed by requests from homeowners to delay their monthly mortgage payments as the coronavirus forces millions of people out of work. Yet one of the industry’s top regulators vehemently denies that those servicers need any help.
President Donald Trump on Wednesday criticized the idea of voting by mail, saying Republicans lose out in the process, one that several states are already using for their nominating contests amid the deadly coronavirus outbreak.
U.S. government debt prices were higher Wednesday morning as investors monitor efforts to slow down the coronavirus pandemic in the U.S. and around the world.