Business

FILE - This Dec. 12, 2018, file photo shows traffic on the Hollywood Freeway in Los Angeles. The Trump administration is rolling back tough Obama-era mileage standards and gutting one of the United States' biggest efforts to slow climate change. The administration released its relaxed mileage rules Tuesday. (AP Photo/Damian Dovarganes, File)
Associated Press
March 31, 2020 - 10:34 am

Trump Rollback Of Mileage Standards Guts Climate Change Push

WASHINGTON (AP) — The Trump administration rolled back ambitious Obama-era vehicle mileage standards Tuesday, raising the ceiling on damaging fossil fuel emissions for years to come and gutting one of the United States' biggest efforts against climate change. The Trump administration released a...
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The dining section is closed off at East Side Pockets, a small restaurant near Brown University, Wednesday, March 25, 2020, in Providence, R.I. President Donald Trump wants the country open for business by mid-April, but some experts warn it's not as easy as flipping a switch: Economies run on confidence, and that is likely to be in short supply for as long as coronavirus cases in the United States are still rising. (AP Photo/David Goldman)
Associated Press
March 31, 2020 - 7:57 am

US Consumer Confidence Sinks As Virus Begins Having Impact

WASHINGTON (AP) — U.S. consumer confidence tumbled this month to its lowest level in nearly three years as the impact of the coronavirus on the economy began to be felt. The Conference Board reported Tuesday that its confidence index dropped to a reading of 120 in March from February's 132.6. It...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs. The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak. (AP Photo/Jacquelyn Martin, File)
Associated Press
March 31, 2020 - 6:48 am

Fed Steps In Once Again To Try To Smooth Out Lending Markets

WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world's lending markets, this time by lending dollars to other central banks in exchange for Treasurys. The Fed's move Tuesday marks its latest aggressive effort to keep borrowing rates down and ensure that...
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Associated Press
March 31, 2020 - 5:54 am

US Home Prices Rose At 3.1% Annually In January

BALTIMORE (AP) — U.S. home price growth was showing signs of acceleration in January, a sign of the solid demand that existed before the coronavirus outbreak caused millions of job losses and tossed the U.S. economy into a likely recession. The S&P CoreLogic Case-Shiller 20-city home price...
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President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room, Friday, March 27, 2020, in Washington. (AP Photo/Alex Brandon)
Associated Press
March 27, 2020 - 6:30 pm

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. Trump said negotiations with General Motors had been productive, “but our fight against the virus is too urgent to allow...
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The closed Evel Pie restaurant in the Fremont East Entertainment District is boarded up as a result of the statewide shutdown due to the continuing spread of the coronavirus across the United States on March 22, 2020
Ethan Miller/Getty Images
Mitch Kelly
March 27, 2020 - 6:02 am

County Shuts Down Nearly 20 Businesses For Violating Closure Order

Clark County’s Business License Department continues to search for non-essential businesses that are staying open in defiance of Governor Steve Sisolak's order.
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A woman looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 27, 2020. Shares are mostly higher in Asia after stocks surged again on Wall Street with the approaching approval of a massive coronavirus relief bill by Congress.(AP Photo/Eugene Hoshiko)
Associated Press
March 26, 2020 - 8:38 pm

Stocks Surge Again After Relief Bill Passed; Indexes Up 6%

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. Tokyo and Seoul jumped 1.2% and Shanghai added 0.6%, while stocks fell in Australia. Wall Street appeared to...
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A sign showing an auto dealership closed as a preemptive COVID-19 action is shown Thursday, March 26, 2020 jn Detroit. Automakers' moves to reopen plants in the U.S. come as new auto sales are expected to fall dramatically for the month of March. Edmunds.com expects March sales to fall nearly 36% from a year earlier. (AP Photo/Paul Sancya)
Associated Press
March 26, 2020 - 2:06 pm

Ford, Fiat Chrysler, Honda, Toyota Seek To Restart Factories

DETROIT (AP) — Ford, Fiat Chrysler, Honda and Toyota took steps Thursday to restart North American factories that have been closed to protect workers from the coronavirus. The plants would reopen in early or mid-April, restoring the largest source of cash for automakers that generally book revenue...
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Guests gamble on the casino floor at the Riviera Hotel & Casino on April 30, 2015 in Las Vegas, Nevada.
Ethan Miller/Getty Images
Mitch Kelly
March 26, 2020 - 10:52 am

Nevada Casinos Enjoyed Strong February

2020 was shaping up as a fantastic year for Nevada casinos.
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Paul Boutros, owner of East Side Pockets, a small restaurant near Brown University, looks out onto an empty street since students were sent home two weeks ago, Wednesday, March 25, 2020, in Providence, R.I. "He's not being realistic. How can you open if the cases are climbing day after day?" asked Boutros on Trump's call to restart the economy by mid-April. "You go to Walmart, you don't know if the people around you, if they have the virus. People come to our restaurant. I don't know if they have the virus." (AP Photo/David Goldman)
Associated Press
March 26, 2020 - 8:10 am

Many Businesses Cautious About Restarting Economy Amid Virus

PROVIDENCE, R.I. (AP) — President Donald Trump wants the country open for business by mid-April, but some experts warn it's not as easy as flipping a switch: Economies run on confidence, and that is likely to be in short supply for as long as coronavirus cases in the United States are still rising...
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