Business

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
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
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
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
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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FILE - In this March 17, 2020 file photo, people wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas. A record-high number of people applied for unemployment benefits last week as layoffs engulfed the United States in the face of a near-total economic shutdown caused by the coronavirus. The surge in weekly applications for benefits far exceeded the previous record set in 1982. (AP Photo/John Locher, File)
Associated Press
March 26, 2020 - 8:04 am
WASHINGTON (AP) — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak...
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A currency trader walks by screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 24, 2020. Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. (AP Photo/Lee Jin-man)
Associated Press
March 24, 2020 - 7:07 pm
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 index...
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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 23, 2020 - 11:41 am
WASHINGTON (AP) — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis. With lending in Treasury and mortgage markets threatening to shut down, the Fed...
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A Delta Airlines jetliner waits for a Southwest jetliner to taxi pst on the way to a runway for take off from Denver International Airport as travelers deal with the spread of coronavirus Friday, March 20, 2020, in Denver. According to the World Health Organization, most people recover in about two to six weeks depending on the severity of the COVID-19 illness. (AP Photo/David Zalubowski)
Associated Press
March 20, 2020 - 4:38 pm
Leaders of United Airlines and its labor unions are raising the threat of massive layoffs if Washington doesn’t provide “sufficient” help to the airline industry by the end of this month. The airline’s CEO, Oscar Munoz, its president and four union officials said Friday that without federal help...
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A United Express airplane is sprayed with deicing fluid while waiting for take off from Denver International Airport as travelers deal with the spread of the coronavirus Friday, March 20, 2020, in Denver. According to the World Health Organization, most people recover in about two to six weeks depending on the severity of the illness. (AP Photo/David Zalubowski)
Associated Press
March 20, 2020 - 4:33 pm
Less than three months ago came the first reports of cases of pneumonia related to a virus first detected in Wuhan, China. The outbreak of the virus that causes COVID-19 has caused unprecedented disruptions that have brought an unparalleled shock to the global economy. Following are developments...
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FILE - In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the U.S, Federal Reserve System lies embedded in the floor at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve announced late Wednesday, March 18, 2020, that it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the coronavirus outbreak. The Fed said it will lend money to banks that purchase financial assets from money market mutual funds, including short-term IOUs known as commercial paper. (AP Photo/Andrew Harnik, File)
Associated Press
March 20, 2020 - 3:50 pm
WASHINGTON (AP) — The Federal Reserve moved with unprecedented force and speed Friday to pump huge amounts of cash into the financial system to ease disruptions that have escalated since the viral outbreak. The New York Federal Reserve Bank said it will offer $1 trillion of overnight loans a day...
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