Economy

Phu Dang, left, the owner of i5 Pho restaurant, gets help from a contractor as he boards up his business, Monday, March 30, 2020, in Seattle's downtown Pioneer Square neighborhood. Dang closed his business to dine-in customers earlier in the month and had tried doing takeout only food in response to the new coronavirus pandemic, but he said his location did not attract enough customers for take out and he decided to fully close for the time being. He said his decision to board up came after a nearby business was broken into over the weekend. (AP Photo/Ted S. Warren)
Associated Press
March 30, 2020 - 8:27 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Monday related to the global economy, the work place and the spread of the virus. _______ AIR CARE: Britain’s health service is asking airline cabin crew who have been...
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President Donald Trump speaks about the coronavirus in the Rose Garden of the White House, Monday, March 30, 2020, in Washington. (AP Photo/Alex Brandon)
Associated Press
March 30, 2020 - 7:45 pm
WASHINGTON (AP) — Siding with public health experts' dire projections, President Donald Trump on Monday defended his decision to extend restrictive social distancing guidelines through the end of April, while bracing the nation for a coronavirus death toll that could exceed 100,000. “Challenging...
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President Donald Trump speaks during a coronavirus task force briefing in the Rose Garden of the White House, Sunday, March 29, 2020, in Washington. (AP Photo/Patrick Semansky)
Associated Press
March 30, 2020 - 8:26 am
WASHINGTON (AP) — Bracing the nation for a coronavirus death toll that could exceed 100,000 people, President Donald Trump extended restrictive social distancing guidelines through April, bowing to public health experts who presented him with even more dire projections for the expanding coronavirus...
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In this photo taken March 24, 2020, Mia Grace, right, holds a package of toilet paper as she and her dog Breezy observe social distancing chalk marks on the sidewalk while waiting to get in to The Reef Capitol Hill, a marijuana store in Seattle, which was limiting the number of people in the store at one time to help slow the spread of the new coronavirus. Earlier in the week, Washington Gov. Jay Inslee ordered nonessential businesses to close and the state's more than 7 million residents to stay home in order to slow the spread of the new coronavirus. In Washington and several other states where marijuana is legal, pot shops and workers in the market's supply chain were deemed essential and allowed to remain open. (AP Photo/Ted S. Warren)
Associated Press
March 28, 2020 - 4:30 pm
The coronavirus pandemic is defining for the globe what's “essential” and what things we really can't do without, even though we might not need them for survival. Attempting to slow the spread of the virus, authorities in many places are determining what shops and services can remain open. They're...
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President Donald Trump speaks before he signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington. Listening are from left, Larry Kudlow, White House chief economic adviser, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, R-Ky., and House Minority Leader Kevin McCarty of Calif. (AP Photo/Evan Vucci)
Associated Press
March 27, 2020 - 4:33 pm
WASHINGTON (AP) — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law Friday, after swift and near-unanimous action by Congress this week to support businesses, rush resources to overburdened health care providers and help struggling families during the...
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A woman looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, March 27, 2020. Shares are mostly higher in Asia after stocks surged again on Wall Street with the approaching approval of a massive coronavirus relief bill by Congress.(AP Photo/Eugene Hoshiko)
Associated Press
March 26, 2020 - 11:38 pm
BANGKOK (AP) — Shares advanced on Friday in Asia after Wall Street logged a third straight day of gains with the approaching congressional approval of a massive coronavirus relief bill. Tokyo and Seoul jumped 1.2% and Shanghai added 0.6%, while stocks fell in Australia. Wall Street appeared to...
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President Donald Trump speaks about the coronavirus in the James Brady Briefing Room, Wednesday, March 25, 2020, in Washington as Vice President Mike Pence and Treasury Secretary Steven Mnuchin listen. (AP Photo/Alex Brandon)
Associated Press
March 26, 2020 - 10:28 pm
WASHINGTON (AP) — The contrast could hardly be more stark. Gov. Andrew Cuomo of New York has said that if all of his sweeping, expensive measures to stem the coronavirus saved one life, it would be worth it. President Donald Trump has another view: The costs of shutting down the economy outweigh...
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Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he arrives on Capitol Hill, Wednesday, March 25, 2020, in Washington. (AP Photo/Andrew Harnik)
Associated Press
March 26, 2020 - 10:04 am
WASHINGTON (AP) — The Senate passed a mammoth $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic, an unprecedented response amid record new jobless claims and mounting evidence that the economy is in a recession...
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Visitors are unable to gain access to the Department of Labor due to closures over coronavirus concerns
(AP Photo/John Minchillo)
Associated Press
March 26, 2020 - 9:14 am
Nearly 3.3 million Americans applied for unemployment benefits last week — more than quadruple the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.
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a person working on a laptop
AP Photo/Elise Amendola, File
Associated Press
March 26, 2020 - 8:47 am
WASHINGTON (AP) — The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the impact of the coronavirus. The Commerce Department said Thursday in...
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