Mar 21, 2020 | Finance, Politics
The rapid worldwide spread of the coronavirus since it was first revealed in China less than three months ago has dealt an unparalleled shock to the global economy. Following are weekend business developments related to the outbreak as governments attempt to stabilize...
Mar 20, 2020 | Finance, Politics
WASHINGTON (AP) — The Federal Reserve moved with unprecedented force and speed Friday to pump huge amounts of cash into the financial system to ease disruptions that have escalated since the viral outbreak. The New York Federal Reserve Bank said it will offer $1...
Mar 18, 2020 | Finance, Politics
The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun....
Mar 18, 2020 | Finance, Politics
NEW YORK (AP) — Stocks tumbled more than 5% on Wall Street Wednesday, and the Dow erased virtually all its gains since President Donald Trump’s 2017 inauguration. Even prices for investments seen as safe during downturns fell as the coronavirus outbreak chokes...
Mar 17, 2020 | Finance, Politics
MADRID (AP) — The morning rush-hour scene at Madrid’s Atocha train station this week perfectly captured the dilemma facing Europe as it confronts the coronavirus.Governments have locked down commerce, beefed up health care measures and earmarked billions of euros into...
Mar 17, 2020 | Finance, Politics
NEW YORK (AP) — The Latest on action in the financial markets (all times local):4:30 p.m.This time, the stock market liked what it heard out of Washington regarding the coronavirus outbreak. The S&P 500 rose 6% Tuesday, the seventh straight day with a move up or...
