WASHINGTON (AP) — More than 6.6 million Americans applied for unemployment benefits last week, far exceeding a record high set just last week, a sign that layoffs are accelerating in the midst of the coronavirus. The job cuts are mounting against the backdrop of economies in the United States and abroad that have almost certainly […]

NEW YORK (AP) — Millions of small business owners will be turning to the government, seeking help for an individual and nationwide cataclysm, the economic devastation caused by the coronavirus outbreak. The government says it will begin disbursing loan money to company owners and freelancers Friday under the Paycheck Protection Program, part of the $2 […]

WASHINGTON (AP) — President Donald Trump aims to shovel $2.2 trillion into the U.S. economy over the next few weeks to try to cushion its free fall. But that means putting his fate in the hands of banks, profit-minded businesses and government bureaucrats he has frequently derided, along with a man who has emerged as […]

NEW YORK (AP) – Its market value just a fraction of what it was five years ago, Macy’s is being removed from the S&P 500 index. Macy’s has been struggling amid competition from discounters and online retailers like Amazon. S&P Dow Jones Global Indices said Tuesday that Macy’s will be removed from the benchmark S&P […]

NEW YORK (AP) — Mobile carrier T-Mobile has completed the takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size. The companies announced the deal, valued at $31.6 billion based on T-Mobile’s closing stock price Tuesday, two years ago. It has taken a long time to close because […]

NEW YORK (AP) — Amazon fired a worker who organized a walkout at a New York warehouse to demand greater protection against the new coronavirus, saying the employee himself flouted distancing rules and put others at risk. New York City Mayor Bill de Blasio ordered the city’s Commission of Human Right to investigate whether the […]

NEW YORK (AP) — A possible strike by Instacart workers highlights the impact of the coronavirus outbreak on the grocery delivery business, where workers are worried about their safety as they try to meet a surge in demand for online groceries. A group called the Gig Workers Collective is calling for a nationwide walk-out Monday. […]

DETROIT (AP) — The North American International Auto Show said that it will cancel its Detroit show because of the coronavirus pandemic and the center where it is held will likely be repurposed into a hospital. The Detroit Auto Show, as it is more commonly known, is one of the largest auto shows in North […]

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. Trump this […]

NEW YORK (AP) – The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Wednesday related to the global economy, particular economic sectors, and the workplace: HOUSING: Economists have been waiting […]