WASHINGTON — Trump administration officials warned Senate Republicans on Tuesday that the coronavirus outbreak in the United States could cause the unemployment rate to reach […]
Month: March 2020
Latino restaurant owners in New York City struggle to stay afloat amid coronavirus crisis
It’s a new normal for New York City restaurant owner Sonia Henriquez, as the city that never sleeps has come to a virtual standstill amid […]
Global cases top 200,000, U.S. stocks drop sharply
Photo: Nepal prepares for quarantine A soldier walks near a model quarantine zone Wednesday at the Nepalese Army headquarters in Kathmandu amid concerns about the […]
For foodie cities such as New York City and Los Angeles, restaurant closures will hit hard
New rules aimed at containing the spread of the coronavirus are a public health necessity, but for foodie cities such as New York City and […]
U.S. ‘will not have’ unemployment rate of 20 percent, Mnuchin says
The U.S. will not see unemployment levels of 20 percent, Treasury Secretary Steven Mnuchin clarified Wednesday, just one day after issuing a stark warning about […]
White House eyes giving Americans checks to combat economic impact of outbreak
WASHINGTON — The White House announced Tuesday that it is pitching a $1 trillion economic package to combat the coronavirus outbreak, $250 billion of which […]
Trump proposes eliminating payroll tax through the end of the year
WASHINGTON — President Donald Trump told lawmakers he wants a payroll tax cut that would last at least through the election to give consumer spending […]
Gun sales rise as coronavirus fears trigger personal safety concerns
Anxious shoppers snatching up guns and ammo to gird for potential chaos related to the coronavirus pandemic are leading in some cases to long lines, […]
Markets slowly rise after Fed steps in again to calm coronavirus fears
The Dow Jones Industrial Average bounced back nervously on Tuesday, after dipping below 20,000 just one morning after its worst single-day points drop ever, as […]
Countries across the world step up restrictions to combat crisis
Daniel Arkin 2m ago / 2:50 PM UTC New York gov: ‘I have no interest’ in quarantining a city New York Gov. Andrew Cuomo said […]
Corporate America steps up to help with missed payments, late fees and disconnections
With the threat of economic hardship looming for some workers as businesses close across the country, some of the largest companies are waiving late fees, […]
Drastic Fed interventions are unprecedented, but are they enough?
The unprecedented steps taken by the Federal Reserve and the coordinated action of central banks around the world in response to the coronavirus pandemic will […]
Apple fined record $1.2 billion by French antitrust authorities
Apple was fined 1.1 billion euros ($1.23 billion) for anti-competitive behavior Monday by the French antitrust authorities. The French competition authority said the iPhone maker […]
Dow slides 3,000 points in grisly day on Wall Street, despite massive intervention from Fed
Wall Street had a grisly start to the week, with the Dow Jones Industrial Average sliding by 3,000 points, or 13 percent, to end the […]
Dow closes with decline of 2,000 points, almost ending 11-year bull market
Wall Street took a beating Monday as collapsing oil prices and fears about the impact of the coronavirus almost nudged the American economy out of […]