financial crisis

President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington, as Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarthy of Calif., listen. (AP Photo/Evan Vucci)
April 03, 2020 - 5:02 pm
WASHINGTON (AP) — In a shift, the top leaders in Congress made it clear Friday there will be another coronavirus rescue package amid the stark need for federal resources to fight the pandemic and economic crisis. Senate Majority Leader Mitch McConnell and House Speaker Nancy Pelosi, after days of...
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FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by U.S. flags flying outside the New York Stock Exchange in New York. Global stocks are down, Friday, April 3, after the U.S. government said employers cut 701,000 jobs in March as they shut down or sharply curtailed business due to the coronavirus outbreak. (AP Photo/Mary Altaffer, File)
April 03, 2020 - 3:34 pm
NEW YORK (AP) — The stock market’s first reaction to Friday’s stunningly bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the likelihood that even worse numbers are on the way. Stocks initially held steady after the government said U.S...
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Pat Marmo, owner of Daniel J. Schaefer Funeral Home, walks through a viewing room set up to respect social distancing, Thursday, April 2, 2020, in the Brooklyn borough of New York. He and other funeral directors are seeing a surge of clients because of the coronavirus pandemic. (AP Photo/John Minchillo)
April 02, 2020 - 10:04 pm
NEW YORK (AP) — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks in the swiftest, most stunning collapse the U.S. job market has ever witnessed, and the public health crisis deepened in New York City, where a funeral home in a hard-hit neighborhood had 185...
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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. About half of all working Americans say they or a member of their household have lost some kind of income due to the coronavirus pandemic, with low-income Americans and those without college degrees especially likely to have lost a job. That's according to a new poll from The Associated Press-NORC Center for Public Affairs Research. (AP Photo/John Locher)
April 02, 2020 - 1:03 pm
WASHINGTON (AP) — About half of all working Americans report some kind of income loss affecting themselves or a member of their household due to the coronavirus pandemic, with low-income Americans and those without college degrees especially likely to have lost a job, according to a new poll from...
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LSU wide receiver Justin Jefferson runs over Clemson cornerback Derion Kendrick during the first half of a NCAA College Football Playoff national championship game Monday, Jan. 13, 2020, in New Orleans. (AP Photo/Gerald Herbert)
April 02, 2020 - 10:19 am
Athletic directors at the nation's biggest sports schools are bracing for a potential financial crisis related to the coronavirus pandemic. According to a survey released Thursday by LEAD1, an association of athletic directors from 130 major college football schools, 63% forecast a worst-case...
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An Indian policeman wearing a virus themed helmet rides on a horse during an awareness rally aimed at preventing the spread of new coronavirus in Hyderabad, India, Thursday, April 2, 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. (AP Photo/Mahesh Kumar A.)
April 02, 2020 - 8:51 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Thursday related to the global economy, the work place and the spread of the virus. ____________ ZOOM: At the end of last year, the video-conferencing company Zoom had...
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FILE - In this Tuesday, March 31, 2020 file photo, Vincent Amos, who identified himself as homeless, pulls a shopping cart with his belongings amid businesses closed by concerns of the COVID-19 coronavirus in the Deep Ellum section of Dallas. Amos said his shelter in place routine includes walking the area looking for work cleaning windows. (AP Photo/LM Otero)
Associated Press
April 02, 2020 - 2:01 am
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...
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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 - 9:57 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 - 8:33 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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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 - 6:46 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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