How to prep for and spend your government relief check
The coronavirus pandemic has upended the lives and finances of millions. A federal relief package aiming to provide payments to distressed consumers passed Friday — but that money is not likely to land for a number of weeks.
Farmworkers key to keeping US fed are wary of virus spread
SACRAMENTO, Calif. (AP) — Salvador Calzadillas isn't worried about catching the coronavirus when he's picking mandarin oranges in the trees in central California.
What's essential? In France: pastry, wine. In US: golf, guns
The coronavirus pandemic is defining for the globe what's “essential” and what things we really can't do without, even though we might not need them for survival.
On Wall Street, some optimism penetrates the uncertainty
Stocks rallied this week as Washington acted to provide $2.2 trillion of relief to an economy shocked by the coronavirus outbreak, leaving some on Wall Street cautiously optimistic that the panicky selling that had gripped the market earlier may have come to an end.
Highlights of Trump-signed $2.2T economic relief package
WASHINGTON (AP) — Highlights of a $2.2 trillion package to help businesses, workers and a health care system staggered by the coronavirus that President Donald Trump signed into law Friday after the House voted final congressional approval.
Trump signs $2.2T stimulus after swift congressional votes
WASHINGTON (AP) — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law after swift and near-unanimous action by Congress to support businesses, rush resources to overburdened health care providers and help struggling families during the deepening coronavirus epidemic.
Trump seeks to force General Motors to produce ventilators
DETROIT (AP) — President Donald Trump issued an order Friday that seeks to force General Motors to produce ventilators for coronavirus patients under the Defense Production Act.
National bills coming due, with risk; consumers see it, too
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus.
Tourists stranded in Asia by canceled flights, shut borders
PHUKET, Thailand (AP) — From the sun-soaked beaches of Thailand to the foothills of Mount Everest, tourists across Asia are finding their dream vacations have turned into travel nightmares as airlines cancel flights and countries close their borders in the fight against the coronavirus pandemic.
Cruise stocks sink after missing out on economic-relief bill
Shares of cruise lines have taken on more water after the industry's major players were shut out from government assistance as part of the major economic-recovery bill signed by President Donald Trump on Friday The bill passed by Congress says companies getting loans or loan guarantees must be “organized” in the U.S.
Staying afloat: $2.2 trillion bill offers economic lifeline
WASHINGTON (AP) — In the coronavirus crisis, even doctors can face a cash crunch. Dr. Benjamin Ticho, an ophthalmologist in Chicago Ridge, Illinois, has seen his revenue plunge 80% as patients stay home and he cancels non-emergency surgeries.
PG&E to use wildfire victims fund to pay for past crimes
BERKELEY, Calif. (AP) — Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its crimes in a deadly Northern California wildfire by taking money away from a fund set up to compensate thousands of victims for their losses.
Stocks drop, but hold on to weekly gains after a big rally
Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastation being caused by the coronavirus.
IMF head says global economy now in recession
WASHINGTON (AP) — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn.
Are gun shops 'essential' businesses during a pandemic?
In some parts of the U.S., authorities say gun shops aren't essential businesses and should close during stay-at-home orders meant to slow the coronavirus.
Garment workers going unpaid as fashion labels cancel orders
DHAKA, Bangladesh (AP) — A survey of factory owners in Bangladesh found that major fashion retailers that are closing shops and laying off workers in Europe and the U.S.
India's central bank cuts benchmark rate to decade-low 4.4%
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate by a sizable 75 basis points to 4.4% from 5.15% to ease financing troubles caused by the coronavirus outbreak and help revive the economy.
Virus relief package could help Trump, Kushner businesses
WASHINGTON (AP) — The $2 trillion legislative package moving through Congress to shore up the U.S. economy devastated by the coronavirus was carefully written to prevent President Donald Trump and his family from profiting from the federal fund.
Asian shares advance after stimulus surge on Wall Street
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.
Citing virus, EPA has stopped enforcing environmental laws
WASHINGTON (AP) — The Environmental Protection Agency on Thursday abruptly waived enforcement on a range of legally mandated public health and environmental protections, saying industries could have trouble complying with them during the coronavirus pandemic.
Washington set to deliver $2.2 trillion virus rescue bill
WASHINGTON (AP) — With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S.
Ethanol plants seek rule changes to resupply hand sanitizer
DES MOINES, Iowa (AP) — As hospitals and nursing homes desperately search for hand sanitizer amid the coronavirus outbreak, federal regulators are preventing ethanol producers from providing millions of gallons of alcohol that could be transformed into the germ-killing mixture.
Lowe's hiring, McMenu shrinks, top Ford execs to defer pay
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world.
US could get stake in airlines in exchange for virus grants
The Trump administration is raising the possibility of the government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter.
Internet firm restricts virus-themed website registrations
BOSTON (AP) — An internet firm is ending the automated registration of website names that include words or phrases related to the COVID-19 pandemic, an attempt to combat coronavirus-related fraud.