First discovered in Wuhan China, COVID-19, better known as the coronavirus, has become worldwide news in the wake of its outbreak.
As of this writing, over 15,000 people have had deaths attributed to the coronavirus, the overwhelming majority of which have been in mainland China. The World Health Organization (WHO) and the Centers for Disease Control and Prevention (CDC) have each cautioned countries worldwide to prepare for a potential pandemic after outbreaks in countries like Iran and Italy, and the continuing news is having major effects on world economies and markets.
As more news comes in, people await the latest updates on the situation.
Here are TheStreet's latest updates on the spread of the coronavirus and its impacts and a timeline of recent events. The topmost updates are the most recent.
Carnival Cruise Ship With 4 Coronavirus Deaths Heading to Florida
Van Gogh Painting Stolen From Museum Shuttered for Coronavirus
A Dutch museum that is currently closed to help prevent coronavirus spread said that a Van Gogh painting that had been there on loan for an exhibition was stolen overnight.
Yum! Brands Giving $1,000 Bonuses to Restaurant General Managers
Yum! Brands YUM announced that their CEO would be forgoing his 2020 salary to help fund $1,000 bonuses for the company's restaurant general managers, as well as an employee relief fund.
Regeneron and Sanofi Say They've Treated First Person Outside U.S. in Drug Trial
Regeneron (REGN) - Get Regeneron Pharmaceuticals Inc. Report and Sanofi (SNY) - Get Sanofi Report have said that they treated the first patient outside the U.S. in a coronavirus drug trial of a drug designed to treat patients hospitalized with Covid-19.
Instacart Workers Pledge to Strike Monday Amid Coronavirus Pandemic
Instacart workers have pledged to strike beginning Monday, saying the grocery store shopping and delivery service has not done enough to protect them from the coronavirus pandemic.
Microsoft Cloud Service Surging in Areas With Shelter-In-Place
Israel's Netanyahu to Self-Quarantine After Aid Tests Positive
Israel Prime Minister Benjamin Netanyahu is going into self-quarantine for one week after one of his close aids tested positive for Covid-19.
Johnson & Johnson Identifies Lead Vaccine Candidate, Commits to 1 Billion Doses
Wyndham to Cut Jobs, CEO Forgoing Pay
Wyndham Hotels & Resorts (WH) - Get Wyndham Hotels & Resorts Inc. Report has said that as a result of economic fallout from the coronavirus, it would be cutting jobs and having its CEO forgo their base salary among other cost-cutting measures.
Cigna and Humana Waiving Coronavirus Copay Costs
Health insurance companies Cigna (CI) - Get Cigna Corporation Report and Humana (HUM) - Get Humana Inc. Report both announced that they would be waiving copayments and other fees on all treatments related to the coronavirus.
FDA Approves Abbott Labs 'Five Minute' Coronavirus Test
Abbott Laboratories (ABT) - Get Abbott Laboratories Report said that the FDA gave them emergency U.S. approval on their portable coronavirus test that can detect a positive result in as little as five minutes.
Jefferies Group CFO Dies of Coronavirus Complications
Mar. 29: Jefferies Group (JEF) - Get Jefferies Financial Group Inc. Report put out a statement on Sunday saying that chief financial officer Peregrine "Peg" Broadbent died from Covid-19 complications at 56.
U.S. Far Surpasses Other Nations in Known Covid-19 Cases, Warned of Massive Toll
As the number of confirmed U.S. coronavirus cases far surpasses other countries, Dr. Anthony Fauci warns that the country could be looking at 200,000 deaths.
Knicks Owner Tests Positive for Coronavirus
New York Knicks Owner Jim Dolan is one of the latest public figures to test positive for the coronavirus.
CDC Issues Travel Advisory for New York and New Jersey, No Quarantine
Mar. 28: The CDC issued a "strong travel advisory" for New York, New Jersey and Connecticut, urging residents to "refrain from non-essential domestic travel for 14 days effective immediately."
L Brands Suspends Dividend, Furloughs Workers
U.S. Tops 100,000 Coronavirus Cases
As the number of confirmed coronavirus cases in the U.S. grows rapidly, the country has surpassed 100,000 Covid-19 cases.
Four Passengers Die on Carnival's Holland America Ship in Coronavirus Outbreak
Carnival Corp. subsidiary Holland America said Friday that four passengers on its Zaandam cruise ship died and two people on board tested positive for the coronavirus.
Google Offers Ad Credits to SMBs as Part of Coronavirus Relief Package
Alphabet's Google (GOOGL) - Get Alphabet Inc. Report has pledged $340 million in ad credits for small and medium-sized businesses as part of a coronavirus relief package totaling more than $800 million.
Mobile Operators May Lose $25 Billion Revenue in Roaming Charges
Mobile-network operators could lose $25 billion in revenue this year as a coronavirus-based decrease in travel has cut roaming charges.
Kroger Hiring Another 20,000 Workers
Kroger, the number 1 U.S. grocer, will be hiring another 20,000 workers due to an increase in demand after already hiring 23,500 workers recently.
Apple Introducing Coronavirus App and Website
President Trump Says General Motors Reneged on Ventilator Promise
President Trump took to Twitter on Friday and blasted General Motors (GM) - Get General Motors Company Report saying the company reneged on their promise to provide 40,000 ventilators for the pandemic.
MGM Resorts: Coronavirus Causing 'Substantial Losses' for March
WW International Upgraded on Post-Coronavirus Strength
Oil Prices Tumble As Coronavirus Hammers Global Demand
Global oil prices fell for the fifth straight week as the coronavirus pandemic factors into the loss of demand.
Bank of Canada Lowers Benchmark Interest Rate
Bank of Canada attempted to fight the economic impact of the coronavirus pandemic by lowering its benchmark interest rate another 50 basis points to near zero.
U.S. Steel to Idle Plants Amid Coronavirus Downturn
ViacomCBS Pulls Guidance as Coronavirus Slams Content
U.K. Prime Minister Tests Positive for Coronavirus
United Kingdom Prime Minister Boris Johnson has tested positive for the coronavirus and will be self-isolating for the next seven days.
Novartis CEO Cautions on Efficacy of Anti-Malaria Drugs for Coronavirus
Novartis (NVS) - Get Novartis AG Report CEO Vas Narashimhan cautioned that they did not yet know whether two of the company's anti-malaria drugs would be effective against the coronavirus, despite President Trump touting them as such.
Facebook Sees Important Test in Coronavirus
Hilton Halts Dividend, Cuts Staff
Hilton Worldwide (HLT) - Get Hilton Worldwide Holdings Inc. Report has said that it will be halting its dividend, suspending stock buybacks and furloughing part of its workforce as the pandemic hits the industry particularly hard.
U.S. Passes China in Coronavirus Count
Mar. 26: The United States now has a larger number of confirmed coronavirus cases than those reported in China.
KB Home Eases Land Acquisition Due to Coronavirus
Lululemon Declines to Provide Outlook Due to Coronavirus
NYSE Trader Peter Tuchman Tests Positive for Coronavirus
Wall Street trader Peter Tuchman announced on Twitter that he had tested positive for the coronavirus.
Henry Schein Says Rapid Coronavirus Test Available
What to Know about Coronavirus and Travel
TheStreet explains how the coronavirus impacts travel and why the CDC strongly advises against doing any during the pandemic.
What to Know About Coronavirus and Unemployment
With the coronavirus pandemic causing millions to lose their jobs, TheStreet talks you through unemployment and health care options.
Morgan Stanley CEO Promises No Layoffs in 2020
Gig Workers Get Lift From Senate Aid Bill
The Senate's $2 trillion coronavirus aid bill helps gig economy workers, like Uber and Lyft drivers, collect unemployment checks for the first time.
NFL Reportedly Considering Virtual Draft Broadcast
The NFL is reportedly seeking virtual solutions for how to virtually do the NFL Draft this year, which had been scheduled for April 23.
What Is an Essential Business?
TheStreet explains what qualifies as an essential business, a phrase heard more and more during the pandemic.
Slack Usage and Paid Customer Base Rise During Pandemic
Slack Technologies (WORK) - Get Slack Technologies, Inc. Class A Report said that as a result of the coronavirus keeping employees worldwide at home, its usage and number of paid customers has risen significantly.
Ford Planning to Resume Output at Several North American Plants
Ford (F) - Get Ford Motor Company Report has said it plans to start resuming production at several North American plants as early as April 6, though the United Auto Workers union is wary of the decision.
Alphabet Price Target Cut Over Pandemic's Impact on Ads
SunTrust analyst Youssef Squali cut Alphabet's price target to $1,350, citing the coronavirus pandemic's impact on ads.
Caterpillar Withdraws 2020 Earnings Estimate, Suspends Some Operations
Tailored Brands Extends Store Closures, Furloughs Staff
Tailored Brands (TLRD) - Get Tailored Brands, Inc. Report has said that it is extending the closure of its retail stores until at least May 4, cutting pay for upper-level managers and board members and furloughing workers.
Weekly Jobless Claims Soar Amid Pandemic
As the coronavirus pandemic halts the economy, more than 3 million Americans have filed for unemployment.
Ford Bonds Cut to Junk as Pandemic Slams Auto Industry
Bonds that were issued by Ford have been cut to junk status by S&P Global Ratings as the coronavirus pandemic continues to slam the global auto industry.
Powell Says Fed Has No Limits Support for Coronavirus-Stricken Economy
Federal Reserve Chairman Jerome Powell said that there are no limits on the amount of money they can use to help support the economy.
Salesforce CEO Marc Benioff Pledges No Layoffs For Next Three Months
Salesforce (CRM) - Get Salesforce Inc. Report CEO Marc Benioff has pledged that the company will not impose significant layoffs over the next 90 days as other companies lay off millions during a pandemic.
McDonald's Removing Some Items From U.S Menu During Outbreak
Pelosi Says House Will Quickly Consider Coronavirus Bill
Mar. 25: House Speaker Nancy Pelosi said on Wednesday that her chamber will consider the Senate's $2 trillion coronavirus relief bill as soon as they could once the Senate passes the measure.
Walmart Waiving April Rent for Businesses That Operate in Its Stores
How is the Coronavirus Impacting Small Businesses?
TheStreet explains how the growing coronavirus pandemic is impacting small businesses throughout the U.S.
Hilton and Marriott Rising on News of Stimulus Bill
Delta Cuts Inflight Services to Lessen Physical Touch
Canada Goose and Gap Making Medical Gear
Canada Goose (GOOS) - Get Canada Goose Holdings Inc. Subordinate Report and Gap (GPS) - Get Gap Inc. (The) Report are two of the latest companies to announce that they will be using their factories to make medical gear for healthcare workers to help them fight the coronavirus pandemic.
CVS's Aetna Reduces Hospital Costs for Coronavirus Patients
Peloton Shares Outperform on Coronavirus-Based Exercising From Home
Royal Caribbean Extending Fleet Suspension Through May 11
McDonald's Says It Can't Predict Scope of Coronavirus Impact on Operations
McDonald's said in a filing with the SEC that while it is not possible to predict the scope that the coronavirus outbreak will have on its operations, it could be 'material.'
Waffle House Shuts Down Hundreds of Restaurants
Waffle House posted on Facebook that it is closing 365 of its restaurants as a result of the coronavirus. 1,627 locations remain open.
Dick's Sporting Goods Suspends Share Buybacks, Mulling Dividend Cut
Dick's Sporting Goods (DKS) - Get Dick's Sporting Goods Inc Report has said that as a result of the coronavirus pandemic, it is suspending share buybacks, cutting executive pay and considering a dividend cut.
Google Extending Contracts of Some Temporary Staff by 60 Days
According to a media report, Google is extending the contracts of some temporary staffers whose contracts were set to end between mid-March and mid-May by 60 days amid the coronavirus pandemic.
Apple Looking to Reopen Retail Stores as Soon as April
Apple is considering reopening some of its retail stores (on a staggered basis) as soon as April following their two-week closures.
Target Posts Same-Store Sales Surge
Target (TGT) - Get Target Corporation Report saw a significant jump in both traffic and same-store sales in the first three weeks of March as a result of panic buying brought on by the coronavirus pandemic.
Prince Charles Tests Positive for Coronavirus
Prince Charles, the Prince of Wales, has tested positive for the coronavirus. He and his wife Camilla are self-isolating at their home.
Occidental CEO Salary Slashed During Coronavirus Plunge in Oil Price
Occidental Petroleum (OXY) - Get Occidental Petroleum Corporation Report CEO Vicki Hollub's salary will be cut by over 80%, among other executive pay cuts, as the coronavirus pandemic causes plunges in oil prices.
Coronavirus Relief Bill Sets Aside Billions for Airlines
U.S. airlines were rising on the news that the coronavirus aid package that the Senate agreed upon would provide $500 billion for key industries like aviation and aerospace, in the form of direct loan support.
Senate Agrees to $2 Trillion Coronavirus Bill
Senate lawmakers have agreed to a $2 trillion coronavirus relief bill to help the domestic economy, and it will be voted on in the House today.
Nike Takes 25 Cent Q3 Coronavirus Charge
Mar. 24: Nike undefined reported third quarter revenue above analyst expectations but said it took a 25 cent per share charge related to the coronavirus, among other things.
Facebook Warns Coronavirus Has 'Adversely Affected' Q1 Results
Facebook warned in a blog post today that the coronavirus pandemic had adversely impacted its results for the fiscal first quarter.
Congress Reportedly Near $61 Billion Bailout for Aviation Sector
Congressional negotiators are reportedly close to a $61 billion bailout for the aviation sector, including $25 billion in payroll grants for airlines.
Ford Suspending North American Production Beyond March 30
Ford is no longer planning to restart production in its North America on March 30, as a result of work from home orders for the coronavirus.
New York Pleading for Ventilators as Infections Grow
New York Governor Andrew Cuomo has said that coronavirus cases in the state are doubling every three days and warns that there are significantly fewer ventilators than cases at the moment.
India Prime Minister Orders Lockdown for Country
India's Prime Minster Narenda Modi declared a lockdown for the country, ordering citizens to stay inside for three weeks to contain the spread of coronavirus.
Nvidia Analyst Sees Graphics-Tech Demand Surge for Coronavirus
Needham analyst Rajvindra Gill, who follows Nvidia (NVDA) - Get NVIDIA Corporation Report, predicts that there will be a surge in demand for graphics technology as medical workers continue to work on combating the coronavirus.
Intel Ditches Stock Buybacks Amid Pandemic
Comcast Says Coronavirus May Hurt Results in Near to Medium Term
Comcast (CMCSA) - Get Comcast Corporation Class A Common Stock Report has said that the coronavirus may materially hurt its results in the near to medium term, depending on a number of factors.
Citigroup Analyst Downgrades Tesla, Citing Coronavirus
While some analysts have upgraded Tesla (TSLA) - Get Tesla Inc. Report stock, as a UBS one did citing an order backlog in China a Citigroup analyst downgraded it, citing a closed plant during the coronavirus pandemic.
Ford Teaming With GE, 3M and UAW to Make Respirators
Ford announced that it was teaming up with General Electric (GE) - Get General Electric Company Report, 3M (MMM) - Get 3M Company Report and the United Auto Workers union to manufacture more respirators for medical workers.
Tokyo Olympics Postponed Until 2021
Japan Prime Minister Shinzo Abe announced on Monday that the 2020 Olympic Games would be suspended and held in 2021 instead.
GM Scraps Earnings Guidance, Taps Credit Line Because of Coronavirus
As a result of the coronavirus pandemic, General Motors scrapped its 2020 earnings guidance, and has tapped a credit line for around $16 billion.
U.S. Airlines Considering Complete Shutdown of Commercial Flights
Major U.S. airlines are internally considering a complete voluntary shutdown of commercial flights as the coronavirus pandemic continues to grow.
Chevron Cuts Spending, Halts Buyback Plans
Chevron (CVX) - Get Chevron Corporation Report warned of a 'material' impact from the coronavirus while announcing that they were cutting their capital spending plans and halting the share buyback program.
JPMorgan Chase Implementing Firm-Wide Hiring Freeze
Applied Materials Withdraws Guidance, Citing Coronavirus
Gilead Sciences Drug Gets FDA Orphan Drug Status
Trump Calls on Congress to Pass Coronavirus Bill
Mar. 23: President Trump called on Congress to pass the Senate coronavirus bill as written on Monday.
Baird Downgrades Comcast and AT&T as Especially Vulnerable to Coronavirus Fallout
Winnebago Suspends RV Production in Response to Coronavirus
Citigroup to Pay Some Employees $1,000 for 'Financial Burden'
Dollar General Adding 50,000 Workers in Response to Demand
Boeing Suspending Puget Sound Operations for 14 Days
Moderna: Vaccine May Be Available to Aid Workers by Fall
Moderna (MRNA) - Get Moderna Inc. Report has said in regulatory filing that its potential coronavirus drug, mRNA-1273, could be available for emergency workers by the fall with wider provisions in 12-18 months.
Zoom Shares Hit High as Coronavirus Has People Working From Home
Facebook Downgrading Video Quality in Europe
Facebook said that it will be reducing video streaming quality in Europe to reduce the strain on internet networks as many Europeans work from home during the coronavirus pandemic.
Zillow Suspends Online Home-Buying Service in Response to Coronavirus
Zillow Group (ZG) - Get Zillow Group Inc. Report has said that it is suspending Zillow Offers, its internet home-buying service, in all markets that it operates as a result of the coronavirus slowing down the real estate market.
Netflix Upgraded at Baird on Coronavirus Subscriber Trends
Baird has upgraded Netflix (NFLX) - Get Netflix Inc. Report shares to outperform, saying that trends in the company's subscriber growth suggest it is benefiting from people staying home during the coronavirus pandemic.
Bed Bath & Beyond to Close Most Stores Until April 3
Bed Bath & Beyond (BBBY) - Get Bed Bath & Beyond Inc. Report has said thatit will be closing most of its stores through April 3 in the U.S. and Canada, with BuyBuyBaby and Harmon Face Values stores being the exception.
CVS Plans to Hire 50,000, Give Bonuses to Current Staff
CVS Health has said that it plans to hire 50,000 full-time, part-time and temporary workers to deal with the rise in demand with CVS deemed an essential business.
John Deere, Newmont Withdraw 2020 Guidance
More and more companies have been withdrawing their 2020 financial guidance as the coronavirus pandemic continues to wreak havoc on the economy, with John Deere (DE) - Get Deere & Company Report and Newmont (NEM) - Get Newmont Corporation Report as two of the latest.
Yum China Reopens Restaurants
Fed Unveils Unlimited QE to Confront Coronavirus
The Federal Reserve has said it will buy unlimited amounts of Treasury bonds and purchase corporate and municipal debt.
NYSE Prepares for First All Computer Trading Day
The New York Stock Exchange will be conducting all of its business electronically today without traders on the floor for the first time in its history.
3M Making Respirators for Front-Line Responders
Goldman Sachs Upgrades Boeing on Expected Travel Rebound
Goldman Sachs gave Boeing a surprising upgrade based on their anticipation of a travel rebound after the coronavirus pandemic.
Walmart and Amazon Add Jobs Amid Fears of Unemployment Surge
Amazon AMZN and Walmart have each said they plan to add jobs and boost wages as analysts warn of the upcoming jobless numbers.
Senator Rand Paul Tests Positive for Coronavirus
Mar. 22: U.S. Senator Rand Paul has said that he has tested positive for the coronavirus.
Takeda Eyes Plasma Therapy for Coronavirus Patients
Japanese drug maker Takeda TAK talk with TheStreet about their coronavirus therapy plans.
U.S. Coronavirus Cases Spike; FDA Approves New Covid-19 Test
Mar. 21: As the number of confirmed coronavirus cases in the U.S. is nearing 20,000, the FDA has approved of a rapid Covid-19 test.
Starbucks Closing Most Stores in U.S. and Canada for Two Weeks
Google Completely Cancels I/O Developer Event
Google has announced that it is completely canceling I/O, their annual developer event, as a result of the coronavirus. Previously they had said they would be holding a virtual-only version of the event.
6 Ways Amazon Has Gotten Stronger During the Coronavirus Crisis
Amazon is looking to find itself in an even better position once the coronavirus pandemic lessens. Here's how.
Target Raising Workers' Pay as Coronavirus Crowds Surge
Target has said that it will be raising wages for workers in stores and distribution centers by $2 an hour through at least May 2 as they deal with coronavirus panic shopping.
Boris Johnson Orders Lockdown for United Kingdom
United Kingdom Prime Minister Boris Johnson has ordered a lockdown for the country, shutting down restaurants, bars, movie theaters, gyms and public transportation.
U.S. Halting Non-Essential Travel on Southern Border
The Trump administration is rolling out new restrictions on travel between the U.S. and Mexico amid the coronavirus crisis.
New York Orders All Non-Essential Employees to Stay at Home
New York Governor Andrew Cuomo has ordered all non-essential employees in the state to stay home for the foreseeable future as they try to get the spread of Covid-19 under control.
Tyson Foods and Sanderson Farms Upgraded as Meat Sells
Tyson Foods (TSN) - Get Tyson Foods Inc. Report and Sanderson Farms (SAFM) - Get Sanderson Farms Inc. Report were both upgraded to overweight by a JPMorgan analyst as a result of consumers stocking up on meat amid the coronavirus pandemic and quarantine.
Teva Donating 6 Million Tablets of Malaria Drug for Coronavirus in U.S.
Teva Pharmaceutical (TEVA) - Get Teva Pharmaceutical Industries Limited American Depositary Shares Report has said it is donating 6 million tablets of its malaria drug to help treat the coronavirus in the U.S.
Coty to Pump Out Hand Sanitizer as Coronavirus Upends Business
Coke Warns of 'Material' Coronavirus Impact, Pulls 2020 Guidance
AT&T Cancels $4 Billion Share Repurchase, Citing Coronavirus
AT&T said on Friday that it is canceling its planned $4 billion accelerated share repurchase agreement because of the coronavirus pandemic.
Altria CEO Contracts Coronavirus
Bed Bath & Beyond, Kohl's Close for Coronavirus
Walmart to Hire 150,000 Temp Workers for Coronavirus Demand
Walmart has said that it plans to hire 150,000 temporary workers for stores, clubs, distribution centers and fulfillment centers to deal with the demand for everyday goods caused by the coronavirus.
Report: Republican Senators Dumped Stocks After Coronavirus Briefing
Mar. 19: Sen. Richard Burr, R-N.C., and Sen. Kelly Loeffler, R-Ga., reportedly dumped millions in stock holdings ahead of the market plunge after being briefed on the coronavirus.
Apple Caps Online iPhone Orders Amid Coronavirus Supply Turmoil
Apple is limiting online iPhone orders to two per model per person as the coronavirus pandemic impacts supply and demand.
Carnival Offering Ships as Floating Hospitals
Carnival has said that it will make ships from its global cruise line available as temporary hospitals amid the coronavirus pandemic.
Domino's Surging on Virus-Driven Takeout Demand
Mark Zuckerberg Working to Increase Coronavirus Testing Capacity in San Francisco
Facebook CEO Mark Zuckerberg has said that he is trying to increase coronavirus testing capacity at the University of California, San Francisco.
State Department Reportedly Going to Urge Americans to Avoid Overseas Travel
According to media reports, the State Department is preparing to instruct Americans not to travel overseas.
15 Coronavirus Scams to Avoid
TheStreet provides you with 15 online scams to be particularly watchful of and to avoid.
Trump: FDA Cleared 2 Antivirals For Coronavirus Syumptoms
The Trump administration has claimed that the Food and Drug Administration has cleared remdesivir and hydroxycholoroquine, two antivirals from Gilead Sciences, to fight coronavirus symptoms.
Microsoft Team Adds Millions on Coronavirus Remote Work
Microsoft's work collaboration program Microsoft Team now has 44 million members, up from 20 million in November, as a result of coronavirus-based work from home orders.
New York Governor Orders 75% of State's Non-Essential Workers to Stay Home
New York Governor Andrew Cuomo announced that 75% of the state's non-essential employees must work from home to better contain the spread of coronavirus.
Disney Warns Pandemic Makes Estimates Difficult
Uber Says It Is Rebounding From Coronavirus Plunge
Ford Suspends Dividend, Withdraws Guidance
Ford has suspended its dividend and withdrew its financial guidance, as well as offering payment relief to some new-car buyers as a result of the coronavirus pandemic.
General Electric Boosts Ventilator, Medical Equipment Production
General Electric has said that it is expanding its manufacturing capacity to boost production of ventilators and other medical equipment, such as patient monitors.
Darden Restaurant Pulls 2020 Guidance Profit Forecast on Coronavirus Drop
Abbott Labs Gets FDA Emergency Nod to Produce Coronavirus Test
Abbott Labs has received emergency approval from the Food and Drug Administration to mass-produce coronavirus tests.
Coronavirus Could Impact 5G Plans for Apple and Samsung
The coronavirus pandemic has forced investors in the smartphone world to temper previous expectations about 5G.
Tesla and GM Could Make Medical Equipment in Plants
Tesla and General Motors have both offered to make ventilators in their auto factories while production is shut down.
European Central Bank Launching Stimulus Program
Mar. 18: The European Central Bank has said that it is launching a stimulus plan worth 750 billion euro ($812 million) to counteract the economic impact of the coronavirus.
What Does Your Health Insurance Cover For the Coronavirus?
Wondering how your insurance will cover you in the event of Covid-19? Here's what you need to know.
NYSE Moves to All-Electronic Trading After Positive Coronavirus Tests
The New York Stock Exchange will shift to all-electronic trading next Monday after it was discovered that two people screened prior to coming into the building tested positive for the coronavirus.
Senate Approves Emergency Coronavirus Aid Package
The Senate voted on Wednesday to approve an emergency aid package to try and offset economic impacts from the coronavirus.
National Restaurant Association Requests $455 Billion of Coronavirus Aid
The National Restaurant Association has requested $455 billion in aid to offset the damage done to the industry by the coronavirus pandemic.
Delta Air Cutting Global Capacity By 70%
Delta Air Lines has said it will be cutting capacity by 70% globally, and that it expected March revenue to drop $2 billion from last March.
Ford Closing Plants in the Americas
Ford has announced that they will be suspending production at their manufacturing facilities in the U.S., Canada and Mexico, and Fiat Chrysler (FCAU) - Get Stellantis N.V. Report and General Motors could be next.
Trump to Invoke Defense Production Act to Combat Pandemic
President Trump said he would be invoking the Defense Production Act so as to speed up production of necessary equipment for the coronavirus pandemic.
Nevada Orders 30-Day Freeze on Gambling
The governor of Nevada has ordered a 30-day freeze on gambling to try and slow the coronavirus pandemic, causing casino stocks to fall significantly.
Automakers Downshift Production Amid Union Pressure
As the United Auto Workers union fights for more stringent measures to protect their workers during the pandemic, Detroit's big three automakers are shifting to a partial shutdown.
Penn National Closes Casinos in Five States, Sees Shares Crater
Cinemark Closing U.S. Theaters
Starbucks Reopens China Stores
Starbucks has reopened 90% of its stores in China, and its board has authorized management to add up to 40 million shares to its buyback plans.
U.S.-Canada Border to Be Closed to Non-Essential Traffic
President Trump has said that the U.S. is temporarily closing its border to Canada to "non-essential traffic" as they attempt to contain the spread of coronavirus.
Home Depot Cutting Store Hours
General Mills Revenue Hurt By Coronavirus Outbreak
JetBlue Cuts Executive Pay, Reduce Capacity
Government Eyes Trillions in Coronavirus Stimulus, Bonds Fall
As the government seeks trillions in a planned coronavirus stimulus, spooked investors caused the bond markets to fall even further.
Cybersecurity Experts Warn That Coronavirus Work-From-Home Orders Heighten Risk
Cybersecurity experts are warning that the orders to work from home amid the coronavirus pandemic are heightening the risk of cyberattacks.
Hologic Ramping Up Production of Coronavirus Test Kits
Boeing Seeks $60 Billion in Aid
Boeing has said it is seeking $60 billion in aerospace industry aid from the U.S. government as a result of the coronavirus pandemic.
U.S. Gives Taxpayers Extra 90 Days to Pay Taxes Owed
Mar. 17: Due to the financial fallout of the coronavirus pandemic, it was announced that there will be a 90 day extension for Americans to pay taxes owed.
NYC Mayor Considering 'Shelter In Place' Order to Combat Coronavirus
New York City Mayor Bill de Blasio has said that he is considering whether to issue a shelter in place order to combat the growing coronavirus pandemic.
Disney Delays Release of 'Black Widow' Because of Coronavirus
Walt Disney will postpone the release of the Marvel movie "Black Widow," which had been scheduled for a May 1 release, due to the coronavirus.
Analyst: Coronavirus 'Demand Erosion' Will Extend to Apple's Next Quarter
Raj Joshi, an analyst at Moody's, wrote in a report that the sharp drop in demand caused by the coronavirus will continue to impact Apple into their next quarter.
Marriott Closing Hotels, Furloughing Employees
Marriott International say they are shuttering hotels and is starting to furlough what could become tens of thousands of employees.
Apple: U.S. Stores Closed 'Until Further Notice'
Apple has said that as a result of the coronavirus pandemic, all of its retail stores in the U.S. will be closed "until further notice." They had initially planned to reopen stores on Mar. 27.
United Auto Workers Union Calls For 2-Week Work Stoppage
In conversations with the Big 3 Detroit automakers, the United Auto Workers union has requested a work stoppage of two weeks as a result of the coronavirus.
Clorox Urges Consumers to Only Buy What They Need
Trump Administration Pledging to Get Cash to Americans in Next Two Weeks
Treasury Secretary Steven Mnuchin said in a press conference on Tuesday that the administration wants to send direct payments to Americans within the next two weeks to help the economic impact of the coronavirus pandemic.
Facebook Giving Employees $1,000 Bonuses During Work-From-Home Order
Facebook CEO Mark Zuckerberg has told employees will be issued a $1,000 bonus during this period where they are telling employees to work from home.
Amazon Limiting Independent Merchant Shipments to Essentials
Amazon has said that as a result of the coronavirus pandemic, independent merchants will only be allowed to ship medical supplies, household staples and any other high-demand product to their warehouses.
Uber Halts Shared Rides for Coronavirus Concerns
Uber is temporarily banning shared rides in the U.S. and Canada to protect drivers and passengers from Covid-19.
Oppenheimer Upgrades Walmart on Ability to Weather Coronavirus Storm
Walmart was upgraded by Oppenheimer analysts, who believe the retailer is well-positioned to weather the coronavirus storm.
Facebook Creates $100 Million Program for Small Businesses Hurt by Coronavirus
Facebook has announced a $100 million program that would help small businesses (in the form of grants and ad credits) affected by the coronavirus pandemic. Up to 30,000 small businesses would be eligible.
American Express Seeing Slower Sales Amid Coronavirus
Foot Locker to Temporarily Close Stores
Dunkin' Moving to To-Go Model Due to Coronavirus
Apple Target Cut to $328 on Coronavirus Closures
Morgan Stanley has cut its price target on Apple from $368 to $328 as a result of the company's coronavirus-based closing of its retail stores.
McDonald's Warns of Severe Coronavirus Financial Blow
McDonald's has warned that the financial blow it will take from the coronavirus pandemic to its earnings cannot yet be reasonably estimated.
Lam Research Withdraws Third Quarter Guidance Due to Site Closings
Lam Research (LRCX) - Get Lam Research Corporation Report withdrew its third quarter guidance on Tuesday, Mar. 17, and warned that due to site closings as a result of the coronavirus they may not reach previously announced targets.
Nordstrom Closing Stores in U.S. and Canada
Regeneron Identifies Coronavirus Antibodies
Regeneron Pharmaceuticals have said that they have identified hundreds of virus-neutralizing antibodies and that they plan to start human trials by early summer.
Steve Mnuchin to Seek $850 Billion in Coronavirus Stimulus
Treasury Secretary Steve Mnuchin will ask Congress for $850 billion for his stimulus proposal to tackle the economic impact of the coronavirus pandemic.
Boeing Requests Short-Term Aid Amid Coronavirus Crisis
Boeing has asked the White House and congressional officials for short-term aid as the coronavirus pandemic continues to majorly impact the airline industry.
Airline Industry Seeks $58 Billion For Coronavirus Support
Airlines for America, which represents the major U.S. airline carriers, is seeking $50 billion in loans, grants and tax breaks for commercial airlines amidst the coronavirus pandemic, as well as $8 billion for the air cargo industry.
Becton Dickinson Submits Emergency FDA Request for Their Coronavirus Test
Becton Dickinson (BDX) - Get Becton Dickinson and Company Report, teaming up with BioGX, has submitted "Emergency Use Authorization" requests to the FDA for their tests that could increase screening capacity for COVID-19.
Amazon to Hire 100,000 Workers Amid Coronavirus Delivery Crunch
Mar. 16: Amazon, in the midst of a delivery crunch as the coronavirus has people quarantined indoors, is seeking to hire 100,000 warehouse and delivery workers while raising salaries $2 per hour through April.
Trump Urges Americans to Social Distance For At Least 15 Days
President Trump has urged Americans to help prevent the spread of COVID-19 by following a policy of social distancing for at least 15 days.
Crowd Restrictions Impacting Cinema Stocks
As the CDC recommends business limiting groups to no more than 50 people, cinema companies like AMC Entertainment Holdings (AMC) - Get AMC Entertainment Holdings Inc. Class A Report and Cinemark Holdings have seen their stocks drop.
What is Google Doing to Facilitate Coronavirus Testing?
President Trump said on Friday, Mar. 13 that Alphabet's Google would soon have a screening website for coronavirus for Americans, but is that accurate? Here is what Google is more accurately doing to facilitate testing.
Airlines Seek Aid Amid Fears that Coronavirus Could Lead to Bankruptcy
As airline stocks continue to sink during the coronavirus pandemic and its erasing of travel demand, major carriers are reportedly asking the government for assistance to avoid bankruptcy.
New York, New Jersey and Connecticut Work Together on Shutdowns
New York, New Jersey and Connecticut announced on Monday that they worked together to announce a series of rules to shut down casinos, movie theaters and more while limiting restaurants to takeout and delivery only.
Virgin Atlantic Cutting Flights, Furloughing Staff
Virgin Atlantic Airways has said that in the wake of the coronavirus, it will be cutting flights by 80% and forcing staffers to take eight weeks of unpaid furlough leave.
BioNTech To Begin Human Trials For Coronavirus Vaccine Next Month
New FDA Rules Could Mean Faster Coronavirus Test Results
Starting Sunday, the FDA implemented a rule that says that coronavirus tests can be confirmed without first having to be sent to the CDC for confirmation, likely resulting in faster results.
Shake Shack Switches to To-Go Format
Thermo Fisher Gets FDA Emergency Authorization for Coronavirus Test
Thermo Fisher has said that it has received emergency-use authorization from the Food and Drug Administration to market its diagnostic test for the coronavirus.
Disney Streams 'Frozen 2' Early
Walt Disney has released "Frozen 2" to its Disney+ streaming service three months earlier than anticipated as a result of the coronavirus pandemic and quarantine.
Carnival to Cut Costs and Boost Liquidity
Carnival Cruise Lines has said that it is cutting costs and pursuing $3 billion in liquidity financing as a result of the coronavirus.
Abercrombie & Fitch, Levi Strauss and VF to Close Stores
As more retailers announce closings to help contain the coronavirus, Abercrombie & Fitch (ANF) - Get Abercrombie & Fitch Company Report, Levi Strauss (LEVI) - Get Levi Strauss & Co Class A Report and VF Corp. (VFC) - Get V.F. Corporation Report all announced store closings.
Health and Human Services Department Hit By Cyberattack
Per a media report, the U.S. Department of Health and Human Services was hit with a cyberattack on the night of Sunday, Mar. 15 amid its efforts to respond to the coronavirus pandemic.
Jack Ma Says Masks and Test Kits Are Headed to the U.S.
Alibaba (BABA) - Get Alibaba Group Holding Limited American Depositary Shares each representing eight Report co-founder Jack Ma joined Twitter and, with his first tweet, said the first shipment of masks and coronavirus testing kits he pledged to send to the U.S. were leaving Shanghai.
Banks Halt Stock Buybacks As Coronavirus Crisis Worsens
As the coronavirus pandemic continues to have devastating impacts on the economy, many of the biggest banks are halting stock buybacks so as to preserve capital for lending purposes.
Fiat Chrysler and Volkswagen Suspend Some Europe Operations for Two Weeks
Fiat Chrysler and Volkswagen (VLKAF) have each announced suspensions of their Europe operations amid the coronavirus pandemic, as Fiat Chrysler halted production at most of their European plants for two weeks while Volkswagen shut down factories in Italy and Spain.
RBC Slashes Tesla Price Target on Coronavirus Pandemic
An analyst at RBC Capital Markets slashed the one-year price target for Tesla, predicting a drop in demand due to the coronavirus pandemic.
Regeneron and Sanofi Launch U.S. Trials for Coronavirus Treatment
Regeneron Pharmaceuticals, in partnership with Sanofi, will begin clinical trials on a drug for patients with severe symptoms of COVID-19 across sixteen cities in the U.S.
Walmart Cuts Hours, Starbucks Closes Stores
Walmart and Starbucks are acting to try and do their part to contain the spread of coronavirus, as Walmart stores will no longer be open 24 hours while Starbucks is temporarily closing stores in "high-social gathering locations."
MGM and Wynn Closing Casinos
Amazon Running Out of Stock
Amazon has warned that the coronavirus pandemic has led to a massive surge in online orders, and that they were running out of stock on some popular household items and experiencing delivery delays.
United Airlines Plans Deep Capacity Cut
Moderna Coronavirus Vaccine Trial to Begin
Moderna is set to begin a trial for a coronavirus vaccine that, if successful, could potentially help protect people from contracting the disease.
Apple Closing Retail Outlets Outside of China
New York City Schools to Close
Mar. 15: On Sunday evening, New York Governor Andrew Cuomo announced that all New York City-area schools were to close. Mayor Bill DeBlasio said the plan is to reopen on April 20.
Fed Cuts Rate Close to Zero
The Federal Reserve, in response to the coronavirus pandemic and its economic impact, slashed its policy rate by a full percentage point.
Nike Closing Stores for Two Weeks
Nike has announced that they will be closing stores around the world (including in the U.S.) to help slow the coronavirus pandemic.
Will Spring Offer Relief for COVID-19?
TheStreet spoke with Dr. David N. Fisman about the coronavirus pandemic, how it has been handled and how the warm weather will impact it.
America's Top Immunologist: Don't Be Complacent
Speaking on "Meet the Press," Anthony Fauci urged Americans to be proactive about social distancing as soon as possible to better contain the spread of coronavirus.
Travel Ban Extends to U.K. and Ireland
Mar. 14: President Trump said that the European travel ban would extend to the U.K. and Ireland, and also said he was tested for the coronavirus (the Trump administration would later say he tested negative).
Trump National Emergency Declaration Frees Up $50 Billion for Aid
Mar. 13: In declaring a national emergency due to the coronavirus pandemic, $50 billion worth of funding was freed up for aid.
Pelosi Says Deal Reached With White House for Coronavirus Aid
House Speaker Nancy Pelosi said on Friday night that negotiators had reached agreement with the White House on a bill to help with coronavirus aid.
Google Building a Website for Coronavirus Testing
Google will be building a website designed to connect people in the U.S. to coronavirus testing, according to President Trump during his news conference.
President Trump Declares State of Emergency
President Trump has declared a state of national emergency amid the coronavirus pandemic.
Delta Air Cuts Capacity, Cancels Europe Flights
Delta Air has announced several initiatives to save money during the coronavirus, including cutting 40% of capacity and cancelling European flights.
Apple Moves Developer Conference Online
Now Apple has announced that one of their annual conferences, the World Wide Developers Conference (WWDC), will be going online-only as a result of the coronavirus.
GM and Ford Ask Employees to Work From Home
General Motors and Ford two of the latest companies to ask their employees to work from home so as to try and avoid the coronavirus.
President Trump Could Declare National Emergency
President Trump is expected to declare a state of emergency about the coronavirus pandemic in a news conference today.
Xerox Postpones HP Inc. Takeover
Xerox (XRX) - Get Xerox Holdings Corporation Report has said that it is postponing activities related to its $35 billion hostile take over of HP Inc. (HPQ) - Get HP Inc. Report due to the coronavirus pandemic.
Norwegian Air Cutting Staff and Flights
Norwegian Air (NWARF) has, in response to the coronavirus pandemic and its impact on the travel industry,