Economy

A currency trader walks by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 24, 2020. Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. (AP Photo/Lee Jin-man)
Associated Press
March 24, 2020 - 10:07 pm
NEW YORK (AP) — Shares opened sharply higher in Asia on Wednesday after the Dow Jones Industrial Average surged to its best day since 1933 with Congress and the White House nearing a deal on injecting nearly $2 trillion of aid into an economy ravaged by the coronavirus. Japan's Nikkei 225 index...
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A person wearing protective masks due to coronavirus fears walks past a boarded up business in Philadelphia, Tuesday, March 24, 2020. (AP Photo/Matt Rourke)
Associated Press
March 24, 2020 - 7:17 pm
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has brought economic activity to a standstill...
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President Donald Trump speaks during a Fox News virtual town hall as from left, U.S. Surgeon General Jerome Adams, White House coronavirus response coordinator Dr. Deborah Birx and Vice President Mike Pence listen, in the Rose Garden at the White House, Tuesday, March 24, 2020, in Washington. (AP Photo/Evan Vucci)
Associated Press
March 24, 2020 - 5:07 pm
WASHINGTON (AP) — With lives and the economy hanging in the balance, President Donald Trump said Tuesday he is hoping the United States will be reopened by Easter as he weighs how to relax nationwide social-distancing guidelines to put some workers back on the job during the coronavirus outbreak...
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President Donald Trump gestures as he asks a question to Dr. Deborah Birx, White House coronavirus response coordinator, during a briefing about the coronavirus in the James Brady Briefing Room, Monday, March 23, 2020, in Washington. (AP Photo/Alex Brandon)
Associated Press
March 24, 2020 - 6:34 am
WASHINGTON (AP) — As cases of coronavirus rise, President Donald Trump said that he wants to reopen the country for business in weeks, not months, and claimed, without evidence, that continued closures could result in more deaths than the pandemic itself. "We can’t have the cure be worse than the...
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Senate Majority Leader Mitch McConnell of Ky. speaks to reporters outside the Senate chamber after Democrats blocked a coronavirus aid package on Capitol Hill, Monday, March 23, 2020, in Washington. (AP Photo/Andrew Harnik)
Associated Press
March 24, 2020 - 5:31 am
WASHINGTON (AP) — Top congressional and White House officials emerged from grueling negotiations at the Capitol over the nearly $2 trillion coronavirus rescue package saying they expected to reach a deal Tuesday. Treasury Secretary Steven Mnuchin and Senate Democratic leader Chuck Schumer said they...
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2020 census
(Dreamstime)
Associated Press
March 23, 2020 - 2:03 pm
CHICAGO (AP) — You won't get a check in the mail for filling out this year's census as claims circulating on social media suggest. The inaccurate posts on sites including Facebook and Twitter urge people to respond to the census. They claim if you do so you will receive one of the stimulus checks...
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President Donald Trump speaks as Vice President Mike Pence, left, and FEMA Administrator Peter Gaynor look on, during a coronavirus task force briefing at the White House, Sunday, March 22, 2020, in Washington. (AP Photo/Patrick Semansky)
Associated Press
March 23, 2020 - 5:55 am
WASHINGTON (AP) — Top-level negotiations between Congress and the White House churned late into the night over a now nearly $2 trillion economic rescue package, as the coronavirus crisis deepened, the nation shut down and the first U.S. senator tested positive for the disease. As President Donald...
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In this image from video, Senate Majority Leader Mitch McConnell, R-Ky., speaks on the Senate floor at the U.S. Capitol in Washington, Saturday, March 21, 2020. (Senate Television via AP)
Associated Press
March 22, 2020 - 1:13 am
WASHINGTON (AP) — Top-level negotiations between Congress and the White House are pushing toward resolution on a ballooning $1 trillion-plus economic rescue package, as President Donald Trump urged a deal to steady a nation shuttered by the coronavirus pandemic. With a population on edge and...
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People wear face masks as they walk through an office complex in Beijing, Friday, March 20, 2020. Italy's deaths from the coronavirus pandemic eclipsed China's on Thursday as the scourge extended its march across the West, where the United States and other countries increasingly enlisted the military to prepare for an onslaught of patients and California's governor ordered people in the most-populous U.S. state to stay home. The virus causes only mild or moderate symptoms, such as fever and cough, for most people, but severe illness is more likely in the elderly and people with existing health problems. (AP Photo/Mark Schiefelbein)
AP News
March 21, 2020 - 2:00 am
The Latest on the coronavirus pandemic, which has infected more than 275,000 people and killed more than 11,300. The COVID-19 illness causes mild or moderate symptoms in most people, but severe symptoms are more likely in the elderly or those with existing health problems. More than 88,200 people...
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Customers wait for their order in their car at a Starbucks in Northbrook, Ill., Monday, March 16, 2020. Starbucks announced Sunday its company-owned stores across the U.S and Canada will shift to a "to go" model for at least two weeks to encourage social distancing. While customers can still walk up to the counter and order, there will be no seating in stores. (AP Photo/Nam Y. Huh)
Associated Press
March 20, 2020 - 8:30 pm
Less than three months ago came the first reports of cases of pneumonia related to a virus first detected in Wuhan, China. The outbreak of the virus that causes COVID-19 has caused unprecedented disruptions that have brought an unparalleled shock to the global economy. Following are developments...
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