Trump to order suspension of all foreclosures, evictions until May
President Donald Trump says he’ll invoke the Korean War-era Defense Production Act to marshal the private sector in response to the coronavirus pandemic.
Associated Press
Articles
Treasury proposal: Deliver $500B to Americans starting April 6
The Treasury Department wants to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.
A cruel paradox: Beating virus means causing U.S. recession
The vast changes deemed necessary to defeat the virus—people and companies no longer engaging with each other—are bringing everyday business to a halt and likely delivering a death blow to the longest economic expansion on record.
Panic buying leaves retailers scrambling to restock
Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out in response to the global viral pandemic.
Trump pushes for massive aid from Congress, checks to public
President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored people to stay home to stop the spread of the coronavirus. His proposed economic package could approach $1 trillion.
Administration announces 90-day delay for many tax payments
Taxpayers will still have to file their tax returns by the April 15 deadline. But they won’t have to pay their tax bill for 90 additional days. During that time, individuals and corporations will not be subject to interest or penalty payments.
Stocks jump after Trump promises to ‘go big’ on virus aid
Stocks closed solidly higher after President Donald Trump promised major plans to blunt the economic pain caused by the coronavirus outbreak.
Colts sign QB Rivers in one-year deal
The San Diego Chargers announced last month that they wouldn’t re-sign 38-year-old Philip Rivers after a disappointing 5-11 season.
Stocks move higher on Wall Street after worst drop since 1987
Markets around the world remain highly volatile as traders see a recession growing more likely and large sections of the economy come closer to shutting down due to the coronavirus outbreak.
U.S. retail sales fell in February ahead of virus impact
The report suggests consumers had already begun to scale back on spending before the number of coronavirus cases in the U.S. began accelerating.
Officials seek $750 billion in economic aid to thwart virus
With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak.
NASCAR suspends season until May but will reschedule events
The decision came after at least two Monday conference calls between the sanctioning body and its team owners. It affects seven total races.
MLB delays opening day to mid-May at earliest due to virus
Major League Baseball had already called off the rest of the spring training schedule and postponed opening day, which had been scheduled for March 26, for at least two weeks.
Amazon to hire 100,000 in U.S., raise pay by $2 per hour to keep up with demand
Raises will go to workers at Amazon’s warehouses, delivery centers and Whole Foods grocery stores, all of whom make at least $15 an hour.
Partnership aims to preserve Indiana African American sites
A new partnership financed by memorial funds endowed by Eli Lilly and Co.’s first black chemist has set its sights on preserving some of Indiana’s significant African American landmarks.
Human testing on possible coronavirus vaccine gets underway in Seattle
Monday’s milestone marked just the beginning of a series of studies in people needed to prove whether the shots are safe and could work. Even if the research goes well, a vaccine wouldn’t be available for widespread use for 12 to 18 months, officials say.
Stocks take another deep plunge as more businesses shut doors
The selling began immediately on Wall Street, and losses were sharp enough at the open to trigger a temporary trading halt for the third time in the last two weeks.
Cheap fares luring travelers to fly despite pandemic
Airlines are seeing bookings plummet and cancellations soar as fear of infection causes many Americans to avoid flying. That’s leading to drastically reduced ticket prices.
United Airlines to cut capacity by 50%, warns cuts could last until summer
United said Sunday night it expects planes to be only 20% to 30% full at best, down from nearly 90% before the virus hit. The airline said the cuts could extend into the peak summer travel season.
CDC’s latest guidance could mean no sports for much longer
The already-delayed professional sports seasons in North America could be on hiatus for significantly longer than first planned after federal officials said Sunday that they recommend all in-person events involving 50 people or more be called off for the next eight weeks.