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.
Associated Press
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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.
Indiana school closures remain optional as other states order students home
More than 200 of Indiana’s nearly 300 districts have closed after consultations with local health officials. But, in at least 21 states, officials have ordered closures to try to stop spread of COVID-19.
Stock futures sink after rate cut, new virus restrictions
Stocks are set for more turbulence following a dizzying week that saw the Dow twice fall by more than 2,000 points and also record it’s biggest point gain ever—1,985 points on Friday.
Fed slashes rate to near zero, eases lending rules
The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook.
Two neighboring states order bars, restaurants to close
Pickup orders and deliveries will still be permitted, but dining rooms must shut to try to slow spread of COVID-19.
Fed’s coronavirus expert says he’s open to a 14-day ‘national shutdown’ to stem virus
But Dr. Anthony Fauci said travel restrictions within the United States, such as to and from hard-hit Washington state and California, probably will not be needed anytime soon.
Dow soars nearly 2,000 points as Trump announces new virus measures
Investors have been clamoring for strong action from the U.S. government to combat the economic impact of the virus outbreak.
Trump declares virus pandemic a national emergency
Speaking from the Rose Garden, Trump said, “I am officially declaring a national emergency.” He said the emergency would open up $50 billion for state and local governments to respond to the outbreak.