Economy

President Donald Trump speaks about the coronavirus in the James Brady Briefing Room, Wednesday, March 25, 2020, in Washington as Vice President Mike Pence and Treasury Secretary Steven Mnuchin listen. (AP Photo/Alex Brandon)
March 26, 2020 - 9:28 pm
WASHINGTON (AP) — The contrast could hardly be more stark. Gov. Andrew Cuomo of New York has said that if all of his sweeping, expensive measures to stem the coronavirus saved one life, it would be worth it. President Donald Trump has another view: The costs of shutting down the economy outweigh...
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A Red Cross volunteer looks at beds set up for homeless people in the gymnasium of Uranienborg school, which is closed due to the corona eruption, in Oslo, Thursday, March 26, 2020. 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. (Heiko Junge/NTB Scanpix via AP)
March 26, 2020 - 9:15 pm
The human and economic toll of the lockdowns against the coronavirus mounted Thursday as India struggled to feed the multitudes, Italy shut down most of its industry, and a record-shattering 3.3 million Americans applied for unemployment benefits in a single week. The U.S. surpassed official...
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House Speaker Nancy Pelosi of Calif. arrives to read a statement outside her office on Capitol Hill, Monday, March 23, 2020, in Washington. (AP Photo/Andrew Harnik, Pool)
March 26, 2020 - 8:35 pm
WASHINGTON (AP) — With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S. economy and health care system. The House is set to pass the sprawling...
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In this photograph taken from behind a window, doctors work on a Covid-19 patient in the intensive care unit of San Matteo Hospital, in Pavia, northern Italy, Thursday, March 26, 2020. The San Matteo hospital is where Patient 1, a 38-year-old Unilever worker named Mattia, was kept since he tested positive for Covid-19 on Feb. 21 and opened Italy’s health care crisis. 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. (Claudio Furlan/LaPresse via AP)
March 26, 2020 - 8:17 pm
The number of people around the world who have contracted the coronavirus has surged past 500,000, and the United States tops the list, according to a Johns Hopkins University tally. U.S. deaths have now topped 1,200, in another grim update for a global outbreak that has wreaked havoc on economies...
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European Council President Charles Michel speaks during a media conference after an EU summit by video conference in Brussels, Thursday, March 26, 2020. Following the informal video conference, members of the European Council adopted a statement on the EU actions in response to the COVID-19 outbreak. 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. (Francois Walschaerts, Pool Photo via AP)
March 26, 2020 - 6:06 pm
BRUSSELS (AP) — European Union national leaders told the bloc’s finance ministers Thursday to draw up new measures to tackle the devastating economic impact of the coronavirus pandemic after failing to bridge major differences over how best to share the debt burden. During six hours of talks by...
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FILE - In this Friday, March 20, 2020 file photo, customers wait in line at a Stop & Shop supermarket that opened special morning hours to serve people 60-years and older due to coronavirus concerns, in Teaneck, N.J. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Stop & Shop will hire at least 5,000 new associates for regular part-time positions in its stores, distribution centers and delivery operations across New York, New Jersey, Connecticut, Massachusetts and Rhode Island. (AP Photo/John Minchillo, File)
March 26, 2020 - 6:05 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 Thursday related to the global economy, particular economic sectors, and the workplace: JOBS: As the...
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FILE— In this Jan. 28, 2014 file photo a jar of ethanol fuel sits on display during the Iowa Renewable Fuels Association meeting in Altoona, Iowa. As hospitals and nursing homes run out of hand sanitizer to fight off the coronavirus, struggling ethanol producers are eager to help. They could provide alcohol to make millions of gallons of the germ-killing sanitizer, but the U.S. Food and Drug Administration has put up a roadblock, frustrating both the health care and ethanol industries with its inflexible regulations during a national health care crisis. (AP Photo/Charlie Neibergall, file)
March 26, 2020 - 5:36 pm
DES MOINES, Iowa (AP) — As hospitals and nursing homes desperately search for hand sanitizer amid the coronavirus outbreak, federal regulators are preventing ethanol producers from providing millions of gallons of alcohol that could be transformed into the germ-killing mixture. The U.S. Food and...
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FILE - In this Wednesday, March 25, 2020 file photo, American Airlines jets sit idly at their gates as a jet arrives at Sky Harbor International Airport in Phoenix. The Trump administration is raising the possibility of the U.S. government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter, Thursday, March 26, 2020. (AP Photo/Matt York, File)
March 26, 2020 - 5:22 pm
The Trump administration is raising the possibility of the government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter. Details were unclear...
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In this photo released by Saudi Press Agency, SPA, Saudi King Salman, chairs a video call of world leaders from the Group of 20 and other international bodies and organizations, from his office in Riyadh, Saudi Arabia, Thursday, March 26, 2020. The meeting is aimed at coordinating the global response to the fast-spreading coronavirus, which has shuttered businesses and forced well over a quarter of the world's population into home isolation. (Saudi Press Agency via AP)
March 26, 2020 - 2:03 pm
DUBAI, United Arab Emirates (AP) — The head of the United Nations told leaders of the world’s 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus – and not winning it” despite dramatic measures by countries to seal their borders, shutter...
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A Washington D.C. Metropolitan Police vehicle is parked on the other side of a tape police line along the Tidal Basin as cherry blossoms cover the trees, in Washington, Monday, March 23, 2020. As Washington, D.C. continues to work to mitigate the spread of the coronavirus (COVID-19), Mayor Muriel Bowser extended road closures and other measures to restrict access to the Tidal Basin, a main tourist attraction. (AP Photo/Carolyn Kaster)
March 26, 2020 - 1:05 pm
WASHINGTON (AP) — Officials in the nation's capital lashed out Thursday at the $2.2 trillion coronavirus economic relief package moving through Congress, saying it cheats Washington, D.C., of more than $700 million by treating it as a territory rather than a state. “It's shocking. It's infuriating...
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