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.

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
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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.

Economic fallout mounts, along with competition for gear

The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks, the swiftest, most stunning collapse the U.S. job market has ever witnessed, and economists warn unemployment could reach levels not seen since the Depression, as the economic damage piles up around the world.

US unemployment claims hit record 6.6 million amid coronavirus outbreak

More than 6.6 million Americans applied for unemployment benefits last week - doubling a record high set just one week earlier - a sign that layoffs are accelerating in the midst of the coronavirus.

Stocks stumble as US coronavirus cases top 200,000

The Dow Jones Industrial Average plunged 877 points, or 4 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite fell 3.7 percent and 3.08 percent, respectively.

Some employers are trying to keep ties to laid-off staffers

As millions of job cuts tear through the U.S. economy, a faint glimmer of light has emerged: Some employers are trying to maintain ties to the staffers they're letting go so they can more quickly rehire them once the viral outbreak has passed.