Ford, Fiat Chrysler, Honda and Toyota have taken steps to restart North American factories that have been closed to protect workers from the coronavirus.
Agricultural and heavy equipment makers are in for a rough year as the virus pandemic delivers a sting to an industry trying to recover form a trade war.
US economy grew at 2.1% rate in Q4 but economists are forecasting sharp drop ahead.
The Bank of England has warned that the scale and duration of the economic shock stemming from the coronavirus pandemic will be “large and sharp but should ultimately prove temporary.”.
Stocks scored their first back-to-back gains since a brutal sell-off began five weeks ago, but much of an early rally faded late in the day as a last-minute dispute threatened to hold up a $2 trillion economic rescue package in Congress.
The European Union is taking unprecedented action to help member countries endure the massive cost of to keeping people and businesses alive through the virus outbreak.
Orders to US factories for big-ticket manufactured goods rose 1.2% in February before coronavirus struck with force.
The Tokyo Olympics have been postponed until next year as deaths and infections from the coronavirus surge in Europe and the United States.
The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.
Facing near certainty of millions of Americans defaulting on hundreds of billions of loans all at once because of the coronavirus outbreak, banks are scrambling to put into place loan forgiveness and relief programs to prevent their customers from panicking and to protect their own finances.