Economy

FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange. Global stock markets are sharply lower on deepening worries over damage from the coronavirus pandemic. Benchmarks fell in Paris, London and Frankfurt on Wednesday, April 1, 2020. (AP Photo/Mark Lennihan, File)
April 01, 2020 - 12:27 pm
NEW YORK (AP) — U.S. stocks joined a worldwide downdraft Wednesday as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak. The S&P 500 was down more than 3.5% in early afternoon trading after President Donald Trump warned Americans to brace for “one of...
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Jade Brooks at her apartment, Tuesday, March 31, 2020, in Boston. It's the first of the month and everybody knows the rent's due. Wednesday is the first time the landlord is knocking on the door since the coronavirus turned the economy upside down. (AP Photo/Elise Amendola)
April 01, 2020 - 12:23 pm
It's the first of the month, and everybody knows the rent's due. For millions of Americans, Wednesday is the first time the landlord is knocking on the door since the coronavirus outbreak turned the economy upside down. Many of those renters are without jobs - nearly 3.3 million people in the U.S...
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FILE - In this Sept. 27, 2018, file photo robots weld the bed of a 2018 Ford F-150 truck on the assembly line at the Ford Rouge assembly plant in Dearborn, Mich. Ford says it wants to reopen five North American assembly plants in April 2020 that were closed due to the threat of coronavirus. The three Detroit automakers suspended production at North American factories March 19 ago under pressure from the United Auto Workers union, which had concerns about members working closely at work stations and possibly spreading the virus. (AP Photo/Carlos Osorio, File)
April 01, 2020 - 11:08 am
WASHINGTON (AP) — American manufacturing slid last month for the first time since December, dragged down by economic fallout from the coronavirus outbreak. The Institute for Supply Management, an association of purchasing managers, reported Wednesday that its manufacturing index fell to 49.1 in...
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The American flag flutters in the wind as work is done on the roof of a building under construction in Sacramento, Calif., Tuesday, March 31, 2020. While most Californian's have spent more than a week under a mandatory stay-at-home order, because of the coronavirus, construction work is among the jobs exempt as part of the "essential infrastructure." (AP Photo/Rich Pedroncelli)
April 01, 2020 - 10:33 am
WASHINGTON (AP) — Spending on U.S. construction projects fell 1.3% in February with housing and nonresidential construction both showing weakness even before the coronavirus struck with force in the United States. The Commerce Department said Wednesday that the February decline followed a 2.8% rise...
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President Donald Trump points to a reporter to ask a question as he speaks about the coronavirus, with Dr. Deborah Birx, White House coronavirus response coordinator, at right, in the James Brady Press Briefing Room of the White House, Tuesday, March 31, 2020, in Washington. (AP Photo/Alex Brandon)
April 01, 2020 - 6:04 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wedy related to the global economy, the work place and the spread of the virus. ________ DROWNING IN OIL: President Donald Trump said he spoke with Russian President...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, April 1, 2020. Asian shares were mixed Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. (AP Photo/Vincent Yu)
March 31, 2020 - 10:57 pm
TOKYO (AP) — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. Japan's benchmark Nikkei 225 dropped 1.7% in morning trading to 18,588.90. Adding to the damage was the Bank of...
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Commuters wear masks as they ride a bus, to prevent the spread of the new coronavirus in Mexico City, Tuesday, March 31, 2020. Mexico's government has broadened its shutdown of "non essential activities," and prohibited gatherings of more than 50 people as a way to help slow down the spread of COVID-19. The one-month emergency measures will be in effect from March 30 to April 30. (AP Photo / Eduardo Verdugo)
March 31, 2020 - 9:33 pm
MEXICO CITY (AP) — Mexico has started taking tougher measures against the coronavirus after weeks of its president hugging followers and saying religious medals would protect him. Some experts warn the sprawling country of 129 million is acting too late and testing too little to prevent the type of...
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House Speaker Nancy Pelosi of Calif., House Minority Leader Kevin McCarthy of Calif., left, and House Majority Leader Steny Hoyer of Md., right, holds up the Coronavirus Aid, Relief, and Economic Security (CARES) Act after Pelosi signed it on Capitol Hill, Friday, March 27, 2020, in Washington. The $2.2 trillion package will head to head to President Donald Trump for his signature. (AP Photo/Andrew Harnik)
March 31, 2020 - 8:44 pm
WASHINGTON (AP) — The bipartisan partnership that propelled a $2.2 trillion economic rescue package through Congress just days ago is already showing signs of strain, raising questions about how quickly calls for massive followup legislation may bear fruit. House Speaker Nancy Pelosi, D-Calif., and...
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Businesses are closed and very few people are out in downtown Wilkes-Barre, Pa., Monday, March 23, 2020, heeding the advice of Gov. Tom Wolf. (Aimee Dilger/The Times Leader via AP)
March 31, 2020 - 7:46 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Tuesday related to the global economy, the work place and the spread of the virus. ________ INDUSTRY: Less than a week after saying it planned to reopen five North...
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Texas Tavern employees Chris Dobe, left, and Nick Moore wait for take out orders on Monday night, March 30, 2020. Though customers are tipping well, and the diner is still open 24-7, Moore said they are making a quarter to a third less than what they normally do in tips. (Heather Rousseau/The Roanoke Times via AP)
March 31, 2020 - 2:50 pm
The IRS and the Treasury Department say Americans will start receiving their economic impact checks in the next three weeks. The payments are part of the $2.2 trillion rescue package signed into law last week by President Donald Trump aimed at combating the economic ravages of the coronavirus...
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