Federal Reserve Chairman Jerome Powell expressed caution about reopening the economy too soon, saying “we all want to avoid a false start” in a speech […]
Month: April 2020
Unemployment claims surge by 6.6 million as coronavirus continues to rout U.S. workforce
America’s stunning unemployment surge during coronavirus, visualized Economists say the percentage of people out of work has soared since then. “It’s fair to say we’re […]
Potential oil deal between Saudi Arabia and Russia could lift gloom over U.S. energy sector
Oil prices jumped on Thursday on reports that Saudi Arabia and Russia have reached a deal on production cuts at an emergency meeting between the […]
Wall Street soars after Federal Reserve announces new $2.3 trillion emergency plan
The Dow Jones Industrial Average surged by 450 points Thursday, after the Federal Reserve announced $2.3 trillion in emergency programs to shore up the economy. […]
Federal Reserve unveils details of $2.3 trillion in programs to help support the economy
The Federal Reserve on Thursday released long-awaited details regarding its Main Street business lending program and several other initiatives it is undertaking to backstop the […]
Dow closes up 800 points after oil rallies, Sanders drops out
Stocks surged on Wednesday after Sen. Bernie Sanders announced he is suspending his presidential campaign, leaving Wall Street-friendly former Vice President Joe Biden as the […]
Virtual open houses and drive-thru closings
Spring is normally peak season for the housing market, but social distancing regulations and measures to classify real estate as a nonessential business have ground […]
‘Pharma Bro’ Shkreli wants out of prison to research coronavirus
Convicted former drug company CEO Martin Shkreli, known as “Pharma Bro,” wants to get out of prison so he can help research a treatment for […]
Stocks close in the red after day of gains
The Dow Jones Industrial Average closed lower by around 35 points Tuesday, after a robust rally that saw the blue-chip index soar by 937 points […]
Outages and delays mar new small business loan program
The electronic system the Small Business Administration is using to set up new coronavirus loans was down much of Monday, according to senior banking executives, […]
Senate Democrats voice concerns about Trump’s pick to oversee coronavirus stimulus
WASHINGTON — Senate Democrats are charging President Donald Trump with trying to circumvent oversight of the allocation of nearly $500 million in loans and grants […]
Small business owners stuck in loan limbo as new government programs stumble
Small business owners say they are frustrated with the rollout of coronavirus loan programs that promised quick cash but have become mired in technical and […]
Dow closes with gain of more than 1,600 points
Wall Street surged Monday, with the Dow Jones Industrial Average closing up almost 1,600 points as a decline in death rates in Europe led to […]
Many Americans won’t get coronavirus checks
WASHINGTON — For millions of Americans awaiting coronavirus cash, help is not on the way. Although the $2 trillion stimulus bill passed last month includes […]
What does it take to convert a hotel bedroom into a COVID-19 care room?
As hospitals around the country prepare for an increased number of coronavirus patients and potential bed shortages, local officials seek hotel rooms and dorms as […]