U.S. grocery prices experience historic jump, likely to stay high
Overall, the cost of food bought to eat at home skyrocketed by the most in 46 years, and analysts caution that meat prices in particular could remain high.
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Infected workers, parts shortages slow auto factory restarts
For some automakers, full production has been delayed, or it’s been herky-herky, with production lines stopping and starting due to infected workers or parts shortages.
Riots force big retailers, other businesses to close, make adjustments
Target, CVS, Apple and Walmart all said Sunday that they had temporarily closed or limited hours at some locations for safety reasons, while Amazon said it has adjusted some routes and suspended some deliveries.
Top conferences ask Congress for athlete compensation law
Conference commissioners encouraged federal lawmakers to not wait for the NCAA process to play out before passing a national law that would set parameters for college athletes to be compensated for use of their names, images and likenesses.
Tight congressional races top Indiana’s delayed primary
The final votes will soon be cast for Indiana’s primary election after it was upended by the coronavirus outbreak amid aggressive campaigns for two congressional seats where incumbents are retiring.
More GOP women seeking office, but winning still in question
Some Republicans fear that failing to elect more women will hurt the party as female voters increasingly support Democrats. That shift, particularly in suburban areas, helped Democrats pick up enough seats to win control of the House in 2018.
Massive protests raise fears of new virus outbreaks
Health experts fear that silent carriers of the virus who have no symptoms could unwittingly infect others at protests where people are packed cheek to jowl, many without masks.
Infected workers, parts shortages slow auto factory restarts
For some automakers, the return to full production has been delayed, or it’s been herky-herky, with production lines stopping and starting due to infected workers or parts shortages from Mexico and elsewhere.
Hogsett planning afternoon press conference after night of violence, vandalism downtown
Overnight, protesters clashed with police and busted windows on Monument Circle and across the Mile Square. Officers used tear gas to try to break up pockets of protesters.
Powell: Fed to soon begin ‘challenging’ Main Street lending program
Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch in the coming days of a program that will lend to companies other than banks for the first time since the Great Depression.
Debate over $600 in jobless aid to intensify as claims rise
Research found that, because of the extra $600, two-thirds of laid-off workers are receiving benefits that exceed the paychecks they previously earned from working.
U.S. consumer spending sinks by record 13.6% in face of virus
Last month’s spending decline was far worse than the revised 6.9% drop in March, which itself had set a previous record for the steepest one-month fall in records dating to 1959.
Trump escalates war on Twitter, social media protections
President Donald Trump on Thursday signed an executive order challenging the lawsuit protections that have served as a bedrock for unfettered speech on the internet.
U.S. House approves changes to business virus aid subsidy program
The new measure gives business owners 24 weeks to spend the federal aid—instead of eight as originally designed—and extends the program through the end of the year while also lengthening the the maturity date and deferral period of the loans.
Democrats accuse OSHA of not protecting front-line workers
Democrats are accusing the Trump administration for failing to protect front-line workers, including those at meatpacking plants and health care facilities where outbreaks of the disease are spiking.
Target, Walmart outbox department stores in reshaped world
The pandemic is dividing the industry into potential winners and losers, with Wall Street looking more favorably at e-commerce retailers and companies with well-established online sales.
U.S. economy shrank at 5% annual rate in first quarter
It was the biggest quarterly decline in more than a decade, since an 8.4% fall in the fourth quarter of 2008 during the depths of the financial crisis.
Mail-in voting could turn Election Day into Election Week
State election officials in some key battleground states have recently warned that it may take days to count what they expect will be a surge of ballots sent by mail out of concern for safety amid the pandemic.
Boeing cuts 12,000 jobs, resumes production of grounded jet
Shortly after disclosing the job cuts, Boeing announced Wednesday that it has resumed production of the grounded 737 Max jetliner. Two deadly crashes of Max jets pushed Boeing into a financial crisis months before the coronavirus squeezed global air travel to a trickle.
Could pandemic put a damper on rising CEO compensation?
The pay gap between the boss and their workforces widened further last year, according to AP’s annual survey of executive compensation, but the impact of COVID-19 could eventually shrink that divide, or maybe even widen it.