The South Korean government cast doubt Tuesday on rumors that North Korean dictator Kim Jong Un was gravely ill, but U.S. officials said he may […]
Month: April 2020
‘This is a great time to buy oil,’ Trump says as prices plunge into negative territory
After a tumultuous day that saw oil futures falling into negative territory, President Donald Trump suggested the U.S. could either purchase roughly 75 million barrels […]
Shake Shack returning $10 million government loan meant for small businesses
Shake Shack, one of several large restaurant chains that got federal loans through the coronavirus stimulus law meant to help small businesses, said Sunday night […]
Gyms are eager to reopen, but are they safe?
Gyms are used to seeing attendance drops a few months into the start of a new year when resolutions fade. But nothing could have prepared […]
‘It’s like New Year’s every day’ as lockdowns drive increase in booze and pot sales
Locked in and locked down, American consumers are turning more to their favorite “vices.” With the initial surge of panic buying over, wine and marijuana […]
Small-business loan program ran out of money within minutes, some banks say
Much of the $350 billion in the Small Business Administration’s emergency coronavirus relief fund was effectively spoken for within the first minutes of launch, according […]
For little work, Grainger sold suits to U.S. for double the cost
WASHINGTON — It pays to be the middleman — especially in a time of crisis. For W.W. Grainger Inc., a big industrial supply company, that […]
Are we headed for a recession or a depression? And what’s the difference?
In recent days, some prominent economists have pondered the idea that the current economic shock brought on by shutdown of large swaths of the U.S. […]
Some small-business owners got $0, while lenders got billions in fees
Small-business owners across America are outraged after the coronavirus relief program intended to extend them a financial lifeline exhausted its $350 billion fund less than […]
Increasing Strength of Garage Doors
Garage doors can be very reactive to weather conditions because they face extreme weather conditions directly and without any protection. The wear and tear of […]
5 million more people filed jobless claims last week, bringing total to almost 22 million in one month
Around 5 million more people filed first-time unemployment claims last week as the coronavirus pandemic continues to devastate the job market in every sector of […]
Hope for an effective coronavirus treatment pushes up stock market
Stocks surged after a report said a Gilead Sciences drug showed some effectiveness in treating the coronavirus, giving investors some hope there could be a […]
4 Georgia poultry workers dead from coronavirus, company says
SAVANNAH, Ga. — Four employees of a major poultry producer’s operations in rural southwest Georgia have died after becoming infected with the coronavirus, a company […]
First hit, first opened? Seattle eyes reopening economy
Seattle was the country’s first coronavirus hot spot, and soon it could be one of the first big cities to reopen its economy. When and […]
Coronavirus hits China’s economy harder than anything since 1970s
BEIJING — China suffered its worst economic contraction since at least the 1970s in the first quarter as it fought the coronavirus, and weak consumer […]