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Business
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MEXICO CITY (AP) — Mexico’s Labor Department said Wednesday the country has lost 346,748 jobs since mid-March due to the economic impact of the new coronavirus and distancing measures imposed to fights its spread. The biggest job losses occurred in the heavily tourism-dependent …
NEW YORK (AP) — Even as coronavirus deaths mount across Europe and New York, the U.S. and other countries are starting to contemplate an exit strategy and thinking about a staggered and carefully calibrated easing of the restrictions designed to curb the scourge.“To end the …
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.TOP OF THE HOUR— WHO leader dodges questions on Trump's …
FORT LAUDERDALE, Fla. (AP) — When Jose Andres first came to New York City, the wide-eyed sailor in the Spanish navy docked on West 30th Street full of ambition. Decades later, the award-winning chef has an upscale food hall on that very street and will serve 40,000 meals this week across …
HONOLULU (AP) — A mayor in Hawaii is calling a Florida man accused of trying to flout Hawaii’s traveler quarantine a “covidiot.” Kauai Mayor Derek Kawakami isn’t taking credit for coining the word borne from the COVID-19 pandemic, but said he "may be the first …
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus.___________________PAYCHECKS STOP: Companies are in survival mode, which means tens of …
WASHINGTON (AP) — The government is set to report another shocking level of unemployment claims Thursday even after nearly 10 million people applied for benefits in the previous two weeks because of business shutdowns from the coronavirus. The number will likely keep increasing, in part …
CLEVELAND (AP) — Owners of The Plain Dealer newspaper in Cleveland laid off 22 more journalists and told the remaining 14 staffers they can no longer cover a large swath of the state. Those duties are being shifted instead to cleveland.com, a nonunion website owned by the same parent …
NEW YORK (AP) — Stocks shot to a 3.4% gain on Wall Street Wednesday as investors chose to focus on the optimistic side of data about the coronavirus outbreak’s trajectory. It’s the latest about-face in this brutally volatile stretch for the U.S. stock market, which has …
Stocks closed broadly higher on Wall Street Wednesday as investors focused on the optimistic side of data about the trajectory of the coronavirus. The S&P 500 and Dow Jones Industrial Average climbed 3.4% amid signs that deaths and infections may be nearing a peak or plateau in some of the …
WASHINGTON (AP) — Federal Reserve officials pledged at two emergency meetings last month to use their full arsenal to bolster the U.S. economy being brought to its knees by the coronavirus outbreak.Minutes of the two meetings released Wednesday show that Fed officials were alarmed at the …
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:FedEx Corp., up $9.59 to $125.54.Amazon will suspend a delivery service that competed with FedEx and UPS in the U.S. McDonald's Corp., up $1.90 to $177.49.Sales fell 22% in March, and the company withdrew its …
NEW YORK (AP) — Stocks close 3.4% higher on Wall Street as investors focus on hopeful signs that coronavirus peak may be approaching.
WASHINGTON (AP) — President Donald Trump offered a rosy portrait of a smoothly running federal emergency lending program for small businesses that doesn't match reality and revised history yet again on how seriously he took the coronavirus threat, suggesting he likened it to a pandemic flu. …
Benchmark U.S. crude oil rose $1.46, or 6.2%, to settle at $25.09 a barrel Wednesday. Brent crude oil, the international standard, rose 97 cents, or 3%, to $32.84 a barrel.Wholesale gasoline rose 3 cents to 68 cents a gallon. Heating oil fell 2 cents to $1.01 a gallon. Natural gas fell 7 cents to …
ATLANTIC CITY, N.J. (AP) — Double down on Donald, or bet big on Biden? Plenty of Americans would like the chance to place a bet on the upcoming presidential election (and sports books would love to take their money), but so far, it is not legal anywhere in the country.It actually was …
Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together.Since the beginning of March, for instance, Uber shares have lost a quarter of their value. Rival Lyft is down 28 percent. …
LONDON (AP) — British Prime Minister Boris Johnson remains in intensive care with the coronavirus but is improving and sitting up in bed, a senior government minister said Wednesday, as the U.K. recorded its biggest spike in COVID-19 deaths to date.Johnson, the first world leader diagnosed …
TEHRAN, Iran (AP) — Iran demanded on Wednesday that U.S. oil production levels must be known before an upcoming OPEC meeting with Russia and others seeking to boost global energy prices. The meeting of the so-called OPEC+ is scheduled to be held Thursday after officials delayed it following …
LONDON (AP) — European planemaker Airbus said Wednesday it is reducing production by about a third as demand for aircraft and travel plummets due to the coronavirus pandemic.The company said it delivered 122 planes in the first quarter, but 60 remain undelivered. It delivered only 36 in …

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