The European Commission on Wednesday downgraded the growth forecasts for the Eurozone and the European Union and said the region is set to witness a recession of "historic proportions" this year due to the "major shock" from the coronavirus, or Covid-19, pandemic and the consequent lockdown.

Germany's factory orders declined the most since the records began in 1991, as measures to contain the spread of coronavirus, or covid-19, pandemic dampened both domestic and foreign demand. Factory orders declined sharply by 15.6 percent on a monthly basis in March, much bigger than the 1.2 percent drop posted in February, data published by Destatis revealed Wednesday.

Private sector employment nosedived in the month of April, according to a report released by payroll processor ADP on Wednesday. The report said private sector employment plunged by 20.236 million jobs in April after slumping by a revised 149,000 jobs in May.

In the time of coronavirus lockdown, Netflix Inc. is teaming up with director Lee JQ to produce a new series, "All of Us Are Dead." All of Us Are Dead tells the story of a group of high school students who are faced with an extreme crisis situation when they become trapped in their school, while a zombie virus spreads like a wildfire. It is based on the chart-topping Korean webtoon titled "Now

US author Colson Whitehead has achieved the rare honor of winning the Pulitzer Prize for fiction for a second time. The African-American writer is only the fourth person ever to win the coveted prize twice in its century-old history. Whitehead was adjudged the best fiction writer for his novel The Nickel Boys, whoch tells the devastating story of abuse of black boys at a reform school in Jim Cro

Netflix has acquired global rights to the upcoming heartwarming comedy-drama The Starling from Limelight, Entertainment One (eOne) and Boies Schiller Entertainment. The streaming service reportedly paid around $20 million for distribution rights for the film.Its release date has not yet been scheduled. Directed by two-time Academy award nominee Theodore Melfi, the film tells the story of a mar

Thomas Cruise is set to become the first actor to act in a movie shot in outer space. The joint project by Space X and NASA would be "the first narrative feature film -- an action adventure -- to be shot in outer space", Deadline reported. The head of NASA confirmed the news on social media. "NASA is excited to work with Tom Cruise on a film aboard the Space Station. We need popular media to in

AMC Entertainment has banned screening all Universal films in its theaters across the world. The ban was provoked by Universal Pictures releasing children's film Trolls World Tour digitally. In a letter to Universal Studios Chairman Donna Langley, AMC Entertainment said the move was in response to the film company's decision to stream more movies online simultaneously with their release in theate

The major U.S. index futures are currently pointing to a lower opening on Friday, with stocks likely to extend the pullback seen in the previous session.

The major U.S. index futures are currently pointing to a higher opening on Friday, with stocks likely to extend the strong upward move seen in the previous session.

The major U.S. index futures are currently pointing to a sharply higher opening on Friday, with stocks likely to add to the gains posted in the previous session.

The major U.S. index futures are currently pointing to a lower opening on Monday, with stocks likely to extend the sharp pullback seen over the two previous sessions.

The major U.S. index futures are currently pointing to a lower opening on Monday, with stocks likely to give back ground following the strong upward move seen last week.

The major U.S. index futures are currently pointing to a higher opening on Monday, with stocks likely to add to the gains posted in the previous session.

The major U.S. index futures are currently pointing to a higher opening on Thursday following the mixed performance seen in the previous session.

The major U.S. index futures are currently pointing to a higher opening on Thursday, with stocks likely to regain some ground following the sharp pullback seen in the previous session.

The major U.S. index futures are currently pointing to a roughly flat opening on Thursday, with stocks likely to show a lack of direction following the volatility seen over the past few sessions.

The major U.S. index futures are currently pointing to a lower opening on Thursday, with stocks likely to give back some ground following the rally seen in the previous session.

The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to extend the rebound seen over the course of the previous session.

The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside after ending the previous session mixed.

The major U.S. index futures are currently pointing to a sharply lower open on Tuesday, with stocks likely to extend the pullback seen in the previous session.

The major U.S. index futures are pointing to a higher open on Wednesday, with stocks likely to extend the upward move seen over the course of the two previous sessions.

The major U.S. index futures are pointing to a sharply lower open on Wednesday, with stocks likely to give back ground following the rally seen in the previous session.

While reporting financial results for the first quarter on Friday, commercial flooring company Interface, Inc. (TILE) said it has withdrawn its previously communicated financial guidance for the full-year 2020, due to the continued disruption of the global economy due to COVID-19, and the significant level of uncertainty created by the global pandemic.

While reporting financial results for the third quarter on Thursday, dental solutions company Dentsply Sirona, Inc. (XRAY) said it is withdrawing its previously communicated financial guidance for the full-year 2020 as a result of the uncertainty around the duration of the COVID-19 pandemic and its impact on the business.

While reporting financial results for the first quarter on Friday, cost containment solutions provider HMS Holdings Corp. (HMSY) trimmed its revenue outlook for the full year 2020.

While reporting financial results for the first quarter on Friday, Northwest Natural Holding Co. (NWN) on Friday reaffirmed its earnings from continuing operations guidance for the full-year 2020, but now expected toward the lower end of the range given potential effects from the COVID-19.

While reporting financial results for the first quarter on Friday, energy company Avista Corp. (AVA) said it is lowering its consolidated earnings guidance for the full-year 2020 to reflect regulatory items, expected net impacts from COVID-19, and losses at our non-utility businesses.

E W Scripps Co. (SSP) on Friday reported net loss for the first quarter of $11.8 million or $0.15 per share, wider than net loss of $6.8 million or $0.08 per share. The company noted that its first-quarter financial results were affected by the COVID-19 pandemic.

While reporting its first-quarter financial results on Friday, Alliance Resource Partners LP (ARLP) said its second-quarter results will suffer due to the demand destruction caused by the COVID-19 pandemic.

While reporting financial results for the second quarter on Friday, life science company Meridian Bioscience, Inc. (VIVO) raised its adjusted earnings and revenue guidance for the full year 2020, despite the turmoil of the COVID-19 pandemic due to the unprecedented demand for its Life Science products.

While reporting its first-quarter financial results on Friday, PPL Corp. (PPL) said that through the end of the first quarter, it remained on track to achieve its fiscal 2020 earnings forecast of $2.40 to $2.60 per share.

Shares of Camping World Holdings, Inc. (CWH), an outdoor and camping retailer, are gaining more than 22 percent or $2.45 in Friday's morning trade at $13.26, after the company reported a loss for the first quarter that narrowed from last year.

Shares of Roku Inc. (ROKU) are currently slipping over more 6% on Friday morning after the video streaming platform shared a downbeat outlook for ad revenues going forward.

Shares of Inphi Corp. (IPHI), a provider of analog and mixed signal semiconductor solutions, are rising more than 8 percent or $8.43 in Friday's morning trade at $107.40 after the company's net loss for the first quarter narrowed and it provided an upbeat outlook for the second quarter. The stock has traded in a range of $39.34 to $116.98 in the past 52 weeks.

News Corp. Executive Chairman Rupert Murdoch has voluntarily forgone his entire cash bonus for fiscal 2020 following the impact of the COVID-19 pandemic on the media company's financial results. Thursday, News Corp. reported a net loss of $1 billion for the third quarter, reflecting a write-down in the value of its Australian Pay-TV operator Foxtel.

While reporting financial results for the first quarter on Thursday, power company AES Corp. (AES) lowered its adjusted earnings guidance for the full-year 2020, due to the COVID-19-related economic slowdown.

While reporting financial results for the first quarter on Thursday, aerospace and defense company Raytheon Technologies Corp. (RTX) said it is not providing an outlook at this time, due to the ongoing uncertainty regarding the scope, severity and duration of the COVID-19 pandemic.

While reporting financial results for the first quarter on Thursday, Quanta Services, Inc. (PWR) slashed its earnings and revenue guidance for the full-year 2020, reflecting the estimated impact of COVID-19 and other factors on operations.

Shares of Telefonica SA were losing around 2 percent in the trading in Spain after the telecom major on Thursday reported weak first-quarter profit and withdrew fiscal 2020 guidance due to the current level of uncertainty amid Covid-19 impact. However, for the mid-term, the company backed 2022 guidance of revenue growth. Separately, Telefonica announced an agreement with Liberty Global.

While reporting financial results for the first quarter on Thursday, Charles River Laboratories International, Inc. (CRL) slashed its earnings and revenue growth guidance for the full-year 2020, due to the global COVID-19 pandemic and its expected impact on the operations, client demand, and financial results.

While reporting financial results for the first quarter on Thursday, Stericycle, Inc. (SRCL) said it is withdrawing its financial guidance for the full-year 2020 communicated on February 27, 2020, due to the magnitude and duration of the uncertain economic outlook in light of the COVID-19 pandemic.

While reporting financial results for the first quarter on Thursday, tire maker Cooper Tire & Rubber Co. (CTB) said it is withdrawing its previously announced financial guidance issued on February 24 for the full-year 2020, due to the rapidly evolving environment and continued uncertainties resulting from the coronavirus (COVID-19) pandemic.

Biopharmaceutical company Bristol-Myers Squibb Co. (BMY) reported a loss in the first quarter, compared to profit last year. The company cut its GAAP earnings per share and revenue outlook for fiscal year 2020. But it reaffirmed annual adjusted profit guidance.

While reporting financial results for the first quarter on Thursday, technology company Insight Enterprises, Inc. (NSIT) said it is withdrawing its 2020 financial guidance for net sales and adjusted earnings per share due to the high level of economic uncertainty and disruption caused by COVID-19.

Hain Celestial Group, Inc. (HAIN), an organic and natural products company, on Thursday reported net income from continuing operations for the third quarter of $25.04 million or $0.24 per share, up sharply from $8.78 million or $0.08 per share in the prior-year period.

While reporting financial results for the first quarter on Thursday, Atlas Air Worldwide Holdings, Inc. (AAWW) is providing an outlook for the second quarter of 2020, but its full-year 2020 guidance provided on February 20 of this year no longer applies, and we will provide updates as the year progresses.

Laureate Education, Inc. (LAUR) on Thursday reported that its net income for the first quarter was $98.3 million or $0.47 per share, down sharply from $194.3 million or $0.85 per share in the year-ago period.

While reporting its financial results for the first quarter on Thursday, Huntington Ingalls Industries (HII), a military shipbuilding company, noted that the COVID-19 pandemic did not materially impact its first-quarter financial position, results of operations or cash flows.

Shares of CenterPoint Energy Inc. (CNP), a public utility holding company, are gaining more than 15 percent or $2.45 in Thursday's morning trade at $18.43 after its earnings for the first quarter zoomed past analysts' estimates and the company announced it will receive a $1.4 billion equity investment.