Trump bars new immigration green cards, not temporary visas
Trump said he would be placing a 60-day pause on the issuance of green cards in an effort to limit competition for jobs in a U.S. economy wrecked by the coronavirus.
Associated Press
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Oil’s chaotic collapse deepens; stocks drop worldwide
U.S. stocks sank to their worst loss in weeks as worries swept markets worldwide about the economic carnage caused by the coronavirus pandemic.
Chipotle agrees to record $25 million fine over tainted food
The company admitted that poor safety practices, such as not keeping food at proper temperatures to prevent pathogen growth, sickened more than 1,100 customers nationally from 2015 to 2018.
National Spelling Bee canceled for first time since 1945
Organizers concluded there was “no clear path to safely set a new date in 2020” because of the coronavirus pandemic.
Fuel pump problem forces Subaru to recall more than 200K vehicles
The recall covers certain 2019 Impreza, Outback, Legacy, and Ascent vehicles built from June 26, 2018, through Feb. 25, 2019.
States work to keep meat plants open despite virus outbreaks
Governors in the Midwest are hoping to keep large meatpacking plants operating amid coronavirus outbreaks that have sickened hundreds of workers and threaten to disrupt the nation’s supply of pork and beef.
White House, Congress get closer on $450B virus aid talks
The emerging agreement, nearly double President Donald Trump’s request to replenish the small business program, adds funds for hospitals and COVID-19 testing.
Shake Shack gets funding, to return paycheck protection loan
The company was able to get extra funding late last week through an “equity transaction” and decided to “immediately return” the $10 million paycheck protection loan it obtained through the CARES Act.
Trump says he’s close to deal with Congress on more small business aid
The Trump administration and Congress are nearing an agreement on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.
1,400-acre solar farm proposed in northwestern Indiana
The Lake County Council voted 6-1 to support a zoning change that would allow construction of the estimated $200 million project in a rural area, about 20 miles south of Gary.
Head of grocery group talks virus impact, shopping habits
Geoff Freeman, the CEO of the Consumer Brands Association, discusses a range of issues including the current status of supplies, protections for workers and customers’ shift away from organic food to packaged items like mac and cheese.
Anonymous donors pay water and sewer bills for Fortville residents
Town Manager Joe Renner said some residents had bills as high as $100. He said the total donation was more than $210,000.
New pressure on lawmakers as virus aid for small businesses hits limit
Lawmakers are struggling to break a stalemate over President Donald Trump’s $250 billion emergency request for a small-business program, stoking uncertainty about when additional support will be available in a key rescue program now exhausted of funds.
Stocks rise worldwide, lifted by hopes for virus progress
Gilead Sciences jumped 12% following a report that one of its drugs was reducing fevers in patients at a single hospital. Its stock began jumping in after-hours trading Thursday following the report’s release.
Relief checks are a lifeline for some, a cushion for others
The Treasury Department says about 80 million Americans received their payments as of Wednesday. Millions more have signed up to get direct deposit, and paper checks will be distributed starting later this month.
Layoffs, pay cuts now striking more white collar jobs
The record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt.
Trump unveils phased approach to reopening economy
The recommendations make clear that the return to normalcy will be a far longer process than Trump initially envisioned, with federal officials warning that some social distancing measures may need to remain in place through the end of the year to prevent a new outbreak.
Indiana to partner with 6 other Midwestern states on reopening the economy—likely in early May
The Midwestern agreement includes Indiana, Michigan, Ohio, Wisconsin, Minnesota, Illinois and Kentucky.
Fed sees sharp economic downturn across all regions
The nationwide look at the outbreak’s impact on the economy came from the Federal Reserve’s report known as the beige book, compiled from information supplied by the Fed’s 12 regional banks.
Apple rolls out cheaper iPhone as pandemic curbs spending
Apple maps out its products many months in advance and the new, far-less-expensive iPhone isn’t a direct response to the economic meltdown hatched by the pandemic.