Airlines will burn through as much as $61 billion worldwide in the second quarter, industry group IATA predicted, warning that carriers could run out of cash as travel hits a low point in the coronavirus crisis. Airline revenue is set to crater by 68% during the period, the International Air Transport Association, which represents some 290 …

New York State reported more than 300 deaths from Covid-19 in the past day, pushing overall fatalities above 1,500 — or roughly half of all U.S. deaths from the pandemic. Governor Andrew Cuomo gave the new figures Tuesday at his daily coronavirus news conference. He said confirmed cases of the virus had increased to about …

Walmart Inc. will provide masks and gloves for its workers and take their temperature before shifts, the latest moves by the nation’s biggest private employer to ensure the safety concerns of its front-line employees. The company will begin supplying “high-quality” masks and gloves to associates who request them starting this week, and will conduct temperature …

Goldman Sachs Group Inc. expects the U.S. economy to experience a far deeper slump than previously anticipated as the coronavirus pandemic hammers businesses, causing a wave of mass unemployment. The world’s largest economy will shrink an annualized 34% in the second quarter, compared with an earlier estimate of 24%, economists led by Jan Hatzius wrote …

Visa Inc. once again lowered its outlook for revenue growth in the fiscal second quarter, saying the coronavirus pandemic has led to a sharp decline in cardholders’ overseas spending. The company now expects adjusted revenue growth by a percentage “in the high end of mid-single-digit” range for the three months through March, while expenses are …

At least there’s this: The average price for a gallon of gasoline in the U.S. has fallen below $2 for the first time in four years. That’s average — which California is not. As crude oil prices have tanked, depressed by the coronavirus pandemic and the market-share war between Saudi Arabia and Russia, at least a dozen …

  Billionaire Richard Branson’s rocket-launch company is looking to join the rush to make ventilators, as a shortage of the life-saving equipment looms because of the coronavirus pandemic. Virgin Orbit is trying to start producing a simple type of medical ventilator next month at a rate of several hundred a week, spokesman Kendall Russell said …

American Express Co. will freeze hiring after equipping more than 60,000 employees to work from home in response to the coronavirus pandemic. The company will also avoid layoffs this year, Chief Executive Officer Steve Squeri said Monday in a video message to employees that he shot on his iPhone. While it’s not cutting employees for now, …

Amazon’s first cashierless grocery store opened on February 25th, 2020 with previously powered 25 Amazon Go stores. A store ran by this kind of advanced technology allows customers to walk in, grab the items they need, and simply walk out without paying at the cash register. The system is designed to monitor the customer’s movements …

Formula One engine manufacturer Mercedes has teamed up with clinicians and university engineers in London to design a breathing aid for coronavirus patients that can be quickly mass produced, a development that could help reduce the need for ventilators. The Continuous Positive Airway Pressure (CPAP) device, which was re-engineered from an existing machine in fewer than 100 …