Drug proves effective against virus as economic damage rises
Scientists have announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that comes as the economic gloom caused by the scourge deepens in the U.S. and Europe.
Scientists have announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that comes as the economic gloom caused by the scourge deepens in the U.S. and Europe.
Smallest businesses get a few hours at head of loan line
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
Smaller businesses that need coronavirus relief will get to move to the front of the line come Wednesday.
Many laid-off US workers due to coronavirus might make more money with unemployment benefits
Unemployment benefits, combined with the additional coronavirus stimulus relief, means the average weekly payment to a laid-off worker should rise to about $978.
Unemployment benefits, combined with the additional coronavirus stimulus relief, means the average weekly payment to a laid-off worker should rise to about $978.
US economy shrank at 4.8% rate last quarter as coronavirus struck
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record.
'Food supply chain breaking' Tyson Foods boss warns
The chairman of Tyson Foods has issued a stark warning to Americans following the shuttering of multiple meat processing plants across the country: “The food supply chain is breaking.”
The chairman of Tyson Foods has issued a stark warning to Americans following the shuttering of multiple meat processing plants across the country: “The food supply chain is breaking.”
IRS updates 'Get My Payment' tool
The Internal Revenue Service has made an update to its "Get My Payment" tool to help Americans track their coronavirus-prompted stimulus payments.
The Internal Revenue Service has made an update to its "Get My Payment" tool to help Americans track their coronavirus-prompted stimulus payments.
White House aiming for Trump pivot from virus to economy
After two months of frantic response to the coronavirus, the White House is planning to shift President Donald Trump’s public focus to the burgeoning efforts aimed at easing the economic devastation caused by the pandemic.
After two months of frantic response to the coronavirus, the White House is planning to shift President Donald Trump’s public focus to the burgeoning efforts aimed at easing the economic devastation caused by the pandemic.
Trump signs $484 billion measure to aid employers, hospitals
resident Donald Trump has signed a $484 billion bill that aids employers and hospitals under stress from the coronavirus pandemic.
resident Donald Trump has signed a $484 billion bill that aids employers and hospitals under stress from the coronavirus pandemic.
Somber Congress delivers nearly $500B more in virus aid
Congress delivered a nearly $500 billion infusion of coronavirus spending Thursday, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs.
Congress delivered a nearly $500 billion infusion of coronavirus spending Thursday, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs.
US unemployment claims surge by another 4.4 million
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
Grim economic forecast for department store chains
Department store chains are facing a grim economic forecast as the coronavirus crisis drags on.
Department store chains are facing a grim economic forecast as the coronavirus crisis drags on.
Dow climbs 456 points as oil stabilizes and small business funding nears
The Dow Jones Industrial Average climbed 456 points, or 1.99 percent, while the S&P 500 and Nasdaq Composite gained 2.29 percent and 2.8 percent, respectively.
The Dow Jones Industrial Average climbed 456 points, or 1.99 percent, while the S&P 500 and Nasdaq Composite gained 2.29 percent and 2.8 percent, respectively.
Social Security and Medicare funds at risk even before coronavirus pandemic
For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.
For Social Security, the projected 2035 date for exhausting the trust fund reserves means that it would be able to pay only 79% of benefits.
Evolving aid package offers billions for hospitals, testing
The Trump administration and Congress are nearing an agreement as early as Sunday on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.
The Trump administration and Congress are nearing an agreement as early as Sunday on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.
Pandemic costing youth sports millions, creating uncertainty
Youth sports is a $25 billion U.S. industry that is essentially shut down due to the coronavirus pandemic, with seemingly endless ripple effects.
Youth sports is a $25 billion U.S. industry that is essentially shut down due to the coronavirus pandemic, with seemingly endless ripple effects.
Experts worry politics will guide voters' virus precautions
Laura Herd says she sleeps better because her state's governor, Michigan Democrat Gretchen Whitmer, imposed one of the nation's strictest stay-at-home orders to combat the coronavirus pandemic. President Donald Trump's actions are another story.
Laura Herd says she sleeps better because her state's governor, Michigan Democrat Gretchen Whitmer, imposed one of the nation's strictest stay-at-home orders to combat the coronavirus pandemic. President Donald Trump's actions are another story.
As $2 trillion in virus aid starts to flow, oversight lags
There are only two people presently overseeing how coronavirus funds from the $2 trillion package are spent..
There are only two people presently overseeing how coronavirus funds from the $2 trillion package are spent..
Trump gives governors 3-phase plan to reopen economy
President Donald Trump gave governors a road map Thursday for recovering from the economic pain of the coronavirus pandemic, laying out “a phased and deliberate approach” to restoring normal activity in places that have strong testing and are seeing a decrease in COVID-19 cases.
President Donald Trump gave governors a road map Thursday for recovering from the economic pain of the coronavirus pandemic, laying out “a phased and deliberate approach” to restoring normal activity in places that have strong testing and are seeing a decrease in COVID-19 cases.
New pressure on lawmakers as virus aid for firms hits limit
Lawmakers struggled Thursday to break a stalemate over President Donald Trump’s $250 billion emergency request for a small-business program, stoking uncertainty about when additional support will be available in a key rescue program now exhausted of funds.
Lawmakers struggled Thursday to break a stalemate over President Donald Trump’s $250 billion emergency request for a small-business program, stoking uncertainty about when additional support will be available in a key rescue program now exhausted of funds.
Starbucks preparing to reopen stores
Starbucks is exploring plans to reopen its stores in the U.S. after weeks of limited service due to the coronavirus pandemic.
Starbucks is exploring plans to reopen its stores in the U.S. after weeks of limited service due to the coronavirus pandemic.