Headline

  • EU Countries Agree to $550 Billion in Economic Support
    Eu_countries_agree_to__550_billion_in_economic_support 2020-04-10 14:32:55 UTC
    BRUSSELS (Reuters) - European Union finance ministers agreed on Thursday on half-a-trillion euros ($550-Billion) worth of support for their coronavirus-battered economies but left open the question of how to finance recovery in the bloc headed for a steep recession. The agreement was reached a...

  • Global Economy Heading Into Deepest Recession Since 1929
    Imf-_economy_has_entered_recession__worse_than_2008_downturn 2020-04-09 21:43:41 UTC
    WASHINGTON (AP) — The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world’s poorest countries suffering the most, the head of the International Monetary Fund said Thursday. “We anticipate the worst economic fallout since the G...

  • California Buys 200 Million N95 Masks on a Monthly Basis
    Gavin_newsom_california_buys_200_million_n95_masks_on_a_monthly_basis 2020-04-08 17:43:48 UTC
    Can California emerge from coronavirus pandemic stronger? Heroic Leaders and big hearted people offer hope. Dr. Robert Wachter, professor and chair of the Department of Medicine at University of California, San Francisco, said "The most important was that leaders of all types - whether they we...

  • Trump Removes $2 Trillion Coronavirus Spending Watchdog
    19147_trump_fired__2_trillion_coronavirus_spending_watchdog 2020-04-07 22:59:07 UTC
    WASHINGTON (AP) — President Donald Trump has removed the inspector general tapped to chair a special oversight board for the $2.2 trillion economic relief package on the coronavirus, the latest in a series of steps Trump has taken to confront government watchdogs tasked with oversight of the exec...

  • Economist: “The U.S. Labor Market Is In Free-Fall”
    Economist-_%e2%80%9cthe_u.s._labor_market_is_in_free-fall%e2%80%9d_ 2020-04-02 05:32:09 UTC
    <p>WASHINGTON (Reuters) - The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.&nbsp...

  • Markets Fall Sharply as Coronavirus Outbreak Worsens
    Markets_fall_sharply_as_coronavirus_outbreak_worsens 2020-04-01 21:41:27 UTC
    <p>NEW YORK (AP) &mdash; Wall Street and markets around the world fell sharply Wednesday as the economic and physical toll caused by the coronavirus outbreak mounts &mdash; and as experts say they still can&rsquo;t predict when it will end.</p><p>The S&amp;P 500 lost 4.4% after the White House sa...

  • Brexit: EU, UK Negotiate Future Relationship
    Brexit-_eu__uk_negotiate_future_relationship 2020-03-30 19:12:36 UTC
    LONDON (Reuters) - British and EU officials are holding informal talks on the future relationship, a spokesman for Prime Minister Boris Johnson said on Monday, repeating that Britain is still working towards the end of this year to end a transition period “The transition period ends on the 31...

  • U.S. Auto Sales Plummet 80 Percent
    U.s._auto_sales_plummet_80_percent 2020-03-26 04:24:17 UTC
    (Reuters) - Vehicle sales in U.S. states that implemented lockdown orders to curb the spread of the coronavirus will drop 80% or more, analysts said on Wednesday. Auto retail sales through the week of March 22 declined 22% nationwide on a yearly basis and as much as 40% in some cities on the ...

  • US Announces $2 Trillion Coronavirus Rescue Bill
    Us_announces__2_trillion_coronavirus_rescue_bill 2020-03-25 06:49:55 UTC
    WASHINGTON (AP) — The White House and Senate leaders of both parties announced agreement early Wednesday on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed pandemic response measure i...

  • Asian Markets Opened Sharply Higher
    Asian_markets_opened_sharply_higher 2020-03-25 03:14:56 UTC
    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 inde...

  • U.S. Coronavirus Cases Skyrocket to 35,000
    U.s._coronavirus_cases_skyrocket_to_32_800 2020-03-23 06:56:01 UTC
    Global-Gathering — The total number of known U.S. cases has climbed past 35,000 in a surge that health officials attributed in large part to an increase in diagnostic testing. More than 460 Americans have died. More than 340,408 people have been infected across the world and 14,573 have died, ...

  • The Latest Developments in Coronavirus Outbreak
    The_latest_developments_in_coronavirus_outbreak 2020-03-22 18:54:16 UTC
    (Reuters) - As coronavirus cases ballooned in Europe, several countries imposed or planned new restrictions to try to curb the spread. Britain told panic-buyers to calm down. California and three other U.S. states directed tens of millions of people to stay at home. DEATHS, INFECTIONS * Mo...

  • Dow Ends Week With a 17.3% Loss
    Dow_ends_week_with_a_17.3__loss_ 2020-03-21 00:53:35 UTC
    <p>Wall Street ended the week the same way it began: in full retreat from the coronavirus.</p><p>Stocks fell sharply and the price of oil sank Friday as federal and state governments moved to shut down bigger and bigger swaths of the nation&rsquo;s economy in the hope of limiting the spread of th...

  • Italy Passes China in Coronavirus Deaths
    Italy_passes_china_in_coronavirus_deaths 2020-03-19 18:39:28 UTC
    ROME (AP) — The death toll in Italy from the coronavirus overtook China’s on Thursday, and infections in the United States climbed past 10,000, in a stark illustration of how the crisis has pivoted toward the West. Italy, with a population of 60 million, recorded at least 3,405 deaths, or roug...

  • Dow Erases All Its Gains Since Trump’s Inauguration
    Dow_erases_all_its_gains_since_trump%e2%80%99s_inauguration 2020-03-18 23:34:43 UTC
    NEW YORK (AP) — Stocks tumbled more than 5% on Wall Street Wednesday, and the Dow erased virtually all its gains since President Donald Trump’s 2017 inauguration. Even prices for investments seen as safe during downturns fell as the coronavirus outbreak chokes the economy and investors rush to ra...

  • U.S. Seeks $850B Economic Stimulus Amid Coronavirus Crisis
    U.s._seeks__850b_economic_stimulus_amid_coronavirus_crisis 2020-03-17 15:37:45 UTC
    <p>WASHINGTON (AP) &mdash; The White House was asking Congress on Tuesday to approve a sweeping emergency stimulus package to help businesses and taxpayers cope with the economic fallout of the coronavirus pandemic. It&rsquo;s the most far-reaching economic rescue package since the Great Recessio...

  • Global Stocks Fall Sharply as Virus Cases Spread Around the World
    Global_stocks_fall_sharply_as_virus_cases_spread_around_the_world 2020-03-16 20:33:23 UTC
    NEW YORK (AP) — Stocks fell sharply around the world Monday as the coronavirus forced huge swaths of the economy to the edge of a standstill, from parked airplanes to the nearly empty restaurant around the corner. The Dow industrials took a 2,999-point nosedive on Monday as fears deepen that ...

  • Global Shares Plunge: Worst Day Since '87
    Global_shares_plunge-_worst_day_since_'87 2020-03-13 02:06:33 UTC
    <p>NEW YORK (AP) &mdash; Shares have plunged in Asia, with Japan&rsquo;s benchmark sinking 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987.&nbsp;</p><p>Markets worldwide have retreated as fears of economic fallout from the coronavirus crisis deepen and the mel...

  • Bear Market: Dow dives more than 1,400 points
    Bear_market-_dow_dives_more_than_1_400_points 2020-03-11 20:19:29 UTC
    <p>NEW YORK (AP) &mdash; Stocks are closing sharply lower on Wall Street, erasing more than 1,400 points from the Dow industrials, as investors wait for a more aggressive response from the U.S. government to economic fallout from the coronavirus. The Dow has now fallen 20% from its recent high, a...

  • Stocks Rise in Turbulent Trading a Day After Selloff
    Stock 2020-03-10 19:47:33 UTC
    NEW YORK (AP) — Wall Street endured another day of dizzying trading Tuesday, whipping up and down with hopes that the U.S. and other governments will cushion the economy from the pain of the coronavirus. The S&P 500 surged as much as 3.7% in the morning and recouped nearly half its historic dr...

  • Black Monday: Shock To Oil Also Rattled Stock Markets
    Black_monday-_shock_to_oil_also_rattled_stock_markets 2020-03-09 14:09:42 UTC
    NEW YORK (AP) — Fear gripped financial markets around the world Monday as stock prices and bond yields plunge on worries about the effects of a new coronavirus. The most violent drops came from the oil markets, where prices cratered more than 20%. But moves in stocks and bond yields were near...

  • Coronavirus Fuels Dramatic Fall in Oil Price
    Coronavirus_fuels_dramatic_fall_in_oil_price 2020-03-09 01:49:08 UTC
    <p>NEW YORK (AP) &mdash; Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude.</p><p>Brent crude, the international standard, lost $9.50, or 20.1%, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday a...

  • Nothing Can Pull Markets Out From Undertow
    Nothing_can_pull_markets_out_from_undertow 2020-03-06 20:41:47 UTC
    <p>NEW YORK (AP) &mdash; Stocks kept falling Friday, and bond yields took more breathtaking drops as a brutal, dizzying couple weeks of trading showed no sign of letting up.&nbsp;</p><p>Even a better-than-expected <a href="https://apnews.com/1d187742ff0d4a44bf235fd00c665fb7">report on U.S. jobs</...

  • Bernie Sanders Wins Big in California Primary
    Bernie_sanders_wins_big_in_california_primary 2020-03-04 05:35:07 UTC
    WASHINGTON (AP) — A resurgent Joe Biden scored sweeping victories across the country with the backing of a diverse coalition and progressive rival Bernie Sanders seized Super Tuesday’s biggest prize with a win in California as the Democratic Party’s once-crowded presidential field suddenly transf...

  • Dow Jones Falls Nearly 1,200 Points
    Stock_market_dow_jones_falls_nearly_1_200_points 2020-02-27 21:12:47 UTC
    The Dow Jones Industrial Average sank nearly 1,200 points Thursday, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havov on the global economy. Bond prices soared again as investors sought safe places to park money, sending the yield on the 10-y...