Economy

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, April 1, 2020. Asian shares were mixed Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. (AP Photo/Vincent Yu)
Associated Press
March 31, 2020 - 10:57 pm
TOKYO (AP) — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. Japan's benchmark Nikkei 225 dropped 1.7% in morning trading to 18,588.90. Adding to the damage was the Bank of...
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drinking alcohol
FILE PHOTO (Dreamstime)
Associated Press
March 31, 2020 - 5:41 pm
One way Americans are coping with the new coronavirus? Booze.
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Dreamstime
Associated Press
March 31, 2020 - 8:54 am
BALTIMORE (AP) — U.S. home price growth was showing signs of acceleration in January, a sign of the solid demand that existed before the coronavirus outbreak caused millions of job losses and tossed the U.S. economy into a likely recession. The S&P CoreLogic Case-Shiller 20-city home price...
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President Donald Trump speaks during a coronavirus task force briefing in the Rose Garden of the White House, Sunday, March 29, 2020, in Washington. (AP Photo/Patrick Semansky)
Associated Press
March 30, 2020 - 5:23 pm
WASHINGTON (AP) — Siding with public health experts' dire projections, President Donald Trump on Monday defended his decision to extend restrictive social distancing guidelines through the end of April, while bracing the nation for a coronavirus death toll that could exceed 100,000 people. “...
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President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. Listening are from left, Larry Kudlow, White House chief economic adviser, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarty of Calif. (AP Photo/Evan Vucci)
Associated Press
March 27, 2020 - 4:43 pm
WASHINGTON (AP) — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law Friday, after swift and near-unanimous action by Congress this week to support businesses, rush resources to overburdened health care providers and help struggling families during the...
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A woman looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 27, 2020. Shares are mostly higher in Asia after stocks surged again on Wall Street with the approaching approval of a massive coronavirus relief bill by Congress.(AP Photo/Eugene Hoshiko)
Associated Press
March 26, 2020 - 11:38 pm
BANGKOK (AP) — Shares advanced on Friday in Asia after Wall Street logged a third straight day of gains with the approaching congressional approval of a massive coronavirus relief bill. Tokyo and Seoul jumped 1.2% and Shanghai added 0.6%, while stocks fell in Australia. Wall Street appeared to...
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A Red Cross volunteer looks at beds set up for homeless people in the gymnasium of Uranienborg school, which is closed due to the corona eruption, in Oslo, Thursday, March 26, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Heiko Junge/NTB Scanpix via AP)
Associated Press
March 26, 2020 - 10:15 pm
The human and economic toll of the lockdowns against the coronavirus mounted Thursday as India struggled to feed the multitudes, Italy shut down most of its industry, and a record-shattering 3.3 million Americans applied for unemployment benefits in a single week. The U.S. surpassed official...
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Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he arrives on Capitol Hill, Wednesday, March 25, 2020, in Washington. (AP Photo/Andrew Harnik)
Associated Press
March 26, 2020 - 11:33 am
WASHINGTON (AP) — House Speaker Nancy Pelosi says the massive $2.2 trillion coronavirus economic relief bill approved by the Senate will pass the House on Friday with “strong bipartisan support.” Pelosi spoke to reporters at the Capitol on Thursday a day after the Senate unanimously approved the...
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FILE - In this March 17, 2020 file photo, people wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas. A record-high number of people applied for unemployment benefits last week as layoffs engulfed the United States in the face of a near-total economic shutdown caused by the coronavirus. The surge in weekly applications for benefits far exceeded the previous record set in 1982. (AP Photo/John Locher, File)
Associated Press
March 26, 2020 - 9:53 am
WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — nearly five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak...
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Treasury Secretary Steven Mnuchin, left, accompanied by White House Legislative Affairs Director Eric Ueland and acting White House chief of staff Mark Meadows, speaks with reporters as he walks to the offices of Senate Majority Leader Mitch McConnell of Ky. on Capitol Hill in Washington, Tuesday, March 24, 2020. (AP Photo/Patrick Semansky)
Associated Press
March 25, 2020 - 2:20 am
WASHINGTON (AP) — The White House and Senate leaders of both parties announced agreement early Wednesday on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed pandemic response measure is...
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