Economy

A staff member carries plastic buckets containing medical waste from new coronavirus patients at the Dongsan Hospital in Daegu, South Korea, Wednesday, March 25, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (Park Dong-joon/Yonhap via AP)
March 26, 2020 - 12:03 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — South Korea’s central bank to temporarily...
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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)
March 25, 2020 - 11:04 pm
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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Local volunteers carries packages with soap and detergent to be distributed in an effort to avoid the spread of the new coronavirus in the Rocinha slum of Rio de Janeiro, Brazil, Tuesday, March 24, 2020. (AP Photo/Leo Correa)
March 25, 2020 - 11:00 pm
SAO PAULO (AP) — Brazil's governors are defying President Jair Bolsonaro over his call to reopen schools and businesses, dismissing his argument that the “cure” of widespread shutdowns to contain the spread of the coronavirus is worse than the disease. Bolsonaro contends that the clampdown already...
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Patients wear personal protective equipment while maintaining social distancing as they wait in line for a COVID-19 test at Elmhurst Hospital Center, Wednesday, March 25, 2020, in New York. Gov. Andrew Cuomo sounded his most dire warning yet about the coronavirus pandemic Tuesday, saying the infection rate in New York is accelerating and the state could be as close as two weeks away from a crisis that sees 40,000 people in intensive care. Such a surge would overwhelm hospitals, which now have just 3,000 intensive care unit beds statewide. (AP Photo/John Minchillo)
March 25, 2020 - 10:14 pm
NEW YORK (AP) — New York authorities mobilized to head off a potential public health disaster in the city Wednesday, with its emergence as the nation's biggest coronavirus hot spot a warning flare — and perhaps a cautionary tale — for the rest of the country as U.S. deaths from the pandemic topped...
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Unidentified Los Angeles residents are admistered with a test for COVID-19 while in their vehicles inside the Crenshaw Christian Center in South Los Angeles Wednesday, March 25, 2020. With California virus cases surging, Gov. Gavin Newsom said his stay-at-home order for 40 million Californians may stay in place into May. (AP Photo/Damian Dovarganes)
March 25, 2020 - 8:02 pm
SACRAMENTO, Calif. (AP) — Five of the nation's largest banks have agreed to temporarily suspend residential mortgage payments for people affected by the coronavirus, California Gov. Gavin Newsom said Wednesday. The announcement came as Newsom provided yet another grim statistic about the economic...
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President Donald Trump speaks about the coronavirus in the James Brady Briefing Room, Tuesday, March 24, 2020, in Washington, as Vice President Mike Pence and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, listen. (AP Photo/Alex Brandon)
March 25, 2020 - 4:31 pm
WASHINGTON (AP) — President Donald Trump’s “beautiful” idea to reopen the U.S. economy by Easter Sunday and pack church pews that day was dreamed up during a conference call among business leaders desperate to get the country back up and running. But his target date for easing coronavirus...
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In this image provided by Jonathan Corpina, Jonathan Corpina, Senior Managing Partner at Meridian Equity Partners Inc., who normally works on the New York Stock Exchange trading floor, works in his home office in Armonk, NY., Wednesday, March 25, 2020. Stocks are wobbling in tentative trading Wednesday as a historic, worldwide rally downshifts dramatically after just a day. (Danielle Corpina/Courtesy Jonathan Corpina via AP)
March 25, 2020 - 3:11 pm
NEW YORK (AP) — Stocks are closing higher on Wall Street Wednesday but gave up much of an afternoon rally after CNBC reported that a dispute between Sen. Bernie Sanders and Republicans over unemployment aid could cause the coronavirus aid bill to be delayed. The S&P 500 rose 1.2% after being up...
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In this image from video provided by the Biden for President campaign, Democratic presidential candidate former Vice President Joe Biden speaks during a virtual press briefing Wednesday, March 25, 2020. (Biden for President via AP)
March 25, 2020 - 2:33 pm
WASHINGTON (AP) — Democratic presidential candidate Joe Biden said Wednesday that the congressional aid package addressing the coronavirus outbreak “goes a long way,” but he said it requires “meticulous oversight” and isn't all-encompassing. “We’re going to need to make sure the money gets out...
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Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he leaves the Senate chamber on Capitol Hill in Washington, Wednesday, March 25, 2020, where a deal has been reached on a coronavirus bill. The 2 trillion dollar stimulus bill is expected to be voted on in the Senate Wednesday. (AP Photo/Andrew Harnik)
March 25, 2020 - 2:32 pm
The White House and Senate leaders agreed early Wednesday on a $2 trillion economic rescue package, the largest in the country's history. The bill comes in response to the viral pandemic that has shut down businesses and crippled economies around the globe. It would give direct payments to most...
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A woman walks in Canary Wharf, during rush hour, in London, Wednesday March 25, 2020. For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. (Victoria Jones/PA via AP)
March 25, 2020 - 12:34 pm
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...
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