Service industries may be changed forever after virus
The pandemic is almost sure to leave a mark on the way people work, shop and socialize, perhaps permanently shifting the way many service industries operate. Consumers will think harder about the health implications of squeezing into crowded restaurants and movie theaters. More businesses will accept the effectiveness of employees who work from home, and the move to online shopping will accelerate.
Dow surges 890 points, S&P flirts with bear-market exit
The early gains have lifted the S&P 500 out of the bear market that began on March 12. The index needs to close above 2684.88 to officially exit.
CARES Act: Homeowners can delay mortgage payments, but will be required to pay lump sum
Trying to save the roof over your head. That's on the minds of millions right now. The COVID-19 crisis has forced people out of work and forced them to make tough choices. FOX 10's Linda Williams has the details.
Peloton suspends live cycling classes after employee reportedly tests positive for coronavirus
The company said it will resume production of its live classes after April 30.
Pelosi seeking at least $1 trillion for next coronavirus bill
Speaker Nancy Pelosi said Monday that another $1 trillion is needed for the next coronavirus rescue package.
Stocks rally worldwide, pushing indexes higher
Stocks closed broadly higher on Wall Street Monday, propelling major indexes up more than 7%, as traders cheered glimmers of hope that the deadliness of the coronavirus outbreak could be slowing in some of the hardest-hit areas.
Dow pops over 1,600 points on coronavirus slowdown, new stimulus hopes
The number of new cases over the weekend in New York City, the U.S.’s epicenter for the virus, rose by 30.4 percent versus last week, down from a 46.1 percent jump the week prior.
Stocks tumble as unemployment spikes on coronavirus layoffs
The major futures indexes are indicating a decline of 1.3 percent when trading begins.
Sephora lays off some part-time workers but says it will pay 9,000 employees amid COVID-19 closures
Sephora announced that due to the COVID-19 pandemic it has laid off “a portion” of its part-time and seasonal store employees.
Walmart expands coronavirus precautions, will limit store capacity
The retailer will limit the number of customers who can be inside the store at one time.
Can you apply for unemployment insurance on coronavirus furlough?
Congress decreed that employees on furlough do qualify for unemployment benefits.
Small biz rescue off to slow start; some banks not ready
The federal government's relief program for small businesses is off to a slow start Friday, with only some businesses able to apply and several banks either not accepting applications or seeing long waits to do approvals.
‘Thank you for being on the front lines’: BP offering discounted gas to health care workers
The promotion runs through June 30.
Hobby Lobby closes all stores, furloughs most employees without pay
The company will also be ending emergency leave pay and suspending use of company-provided paid time off benefits.
Corona beer temporarily suspends production due to coronavirus pandemic
Corona beer has ceased production after Mexico's government said that the business was non-essential, forcing it to temporarily suspend operations.
US sheds 701,000 jobs, ending a record-long hiring streak
A record-long streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that’s all but shut down the U.S. economy.
Poll: About half of workers lose income due to virus
About half of all working Americans report some kind of income loss affecting themselves or a member of their household due to the coronavirus pandemic, with low-income Americans and those without college degrees especially likely to have lost a job, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.
Unemployment jumps to unprecedented high, as 6.6 million Americans file
The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed.
Stocks soar on oil's record gain as Trump expects Russia, Saudi Arabia to cut output
The Dow Jones Industrial Average rose over 469 points, or 2.2. percent.
Target will begin limiting guests into crowded stores
Target is taking new steps to combat the spread of coronavirus at its stores.