(Bloomberg) -- The coronavirus caused two deaths in California in early and mid-February, suggesting the pathogen was circulating in the U.S. weeks earlier than health officials thought. Singapore reported more than 1,000 new cases for the third day, pushing total infections past 10,000.Italy plans to more than double a stimulus package, while Spain will seek to extend emergency powers. The European Central Bank may discuss new help for lenders on Wednesday, while the U.S. Senate sent a $484 billion package of new relief funds to the House for likely approval on Thursday.The Chinese ambassador to the U.S. called for a “serious rethinking” of relations between the world’s biggest economies in the face of the pandemic. Earlier, President Donald Trump stopped short of a sweeping immigration ban, but hinted at possible additional restrictions.Key DevelopmentsVirus Tracker: Cases top 2.5 million; deaths exceed 175,000China’s coronavirus handling aggravates European diplomatsMoon calls for Korean ‘New Deal’...
Delta Air Lines posted a $607 million loss in the first quarter as the COVID-19 crisis forced the airline to cut up to 85% of its scheduled flights....
Advertising sales, which was severely hit due to the postponement of live sports such as March Madness, and lower wireless equipment sales led to a $600 million decline in revenue, AT&T reported. In the first three months of the year, AT&T added 163,000 net new monthly phone subscribers, beating the average Wall Street estimate of 90,700. AT&T was able to earn more customers despite shutting down more than 40% of its retail stores....
