The governors of New York, New Jersey and Louisiana pointed to tentative signs on Monday that the coronavirus outbreak may be starting to plateau in their states but warned against complacency as the death toll nationwide approached 11,000.

Congressional leaders and the White House are converging on the need for a new assistance package to try to contain the coronavirus pandemic’s economic devastation, fearful that a $2 trillion bailout law enacted last month will have only a limited effect.

Deaths from the COVID-19 epidemic in Italy rose by 604 on Tuesday, a lower daily tally than the 636 seen the day before, while the number of new cases posted the smallest increase since March 13.

Exxon Mobil Corp. is slashing $10 billion in spending — more than any other supermajor oil explorer has cut to weather an unprecedented market collapse — and yet its production in North America’s biggest shale region is still forecast to rise.

The governors of New York and New Jersey pointed to tentative signs on Monday that the coronavirus outbreak was starting to plateau but warned against complacency as the nationwide death toll topped 10,000 and the number of known U.S. infections surpassed 350,000.

Large sections of public life came to a standstill over the month of March as the novel coronavirus – which causes the potentially lethal respiratory illness COVID-19 – spread across the United States. State and local governments shut down schools, ordered restaurants and other businesses to close and issued stay-at-home orders for millions. But the […]

Apple Inc.’s most important manufacturing partner has reassured investors it can still get the latest 5G-enabled iPhones ready for an autumn launch despite global Covid-19 upheaval.

Shares of Microsoft and Amazon closed the year’s first quarter in the black, while its tech peers followed the broader market sell-off due to impacts from COVID-19.

Wistron Corp., one of Apple’s manufacturing partners, said this week half its capacity could reside outside China within a year. The declaration underscored how the Asian assemblers that keep the world supplied with iPhones and other gadgets are shifting to a higher gear after the coronavirus showed the folly of staking everything on one country.

Goldman Sachs has revised its view on how the coronavirus will impact the U.S. economy, seeing a sharper downturn than originally thought followed by an even bigger upturn. Among its expectations are that the unemployment rate will peak at around 15% later this year, well above original expectations for 9%. Gross domestic product is forecast […]