Economy

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Cuomo presses Trump in meeting for more help on virus testing

By Jonathan Lemire, Marina Villeneuve, Zeke Miller, Associated Press

The New York governor said he told Trump that a rapid increase in testing was a crucial “benchmark” that his state and others need before they can safely reopen the economy and help communities return to a semblance of normalcy.

READ FULL: Lawmakers reach a deal on $500 billion Paycheck Protection Program

By Lisa Desjardins

After two weeks of negotiations, Republicans and Democrats agreed on a nearly $500 billion deal to extend rescue programs for millions of small businesses which had run out of funding last week.

The price of oil fell below $0. What happens next?

By Ryan Chilcote

The stuff that makes the world go round, the lifeblood of the global economy, was worthless -- more stunning evidence of how this pandemic is rocking the global economy.

South Africa announces $26 billion to help struggling nation

By Cara Anna, Mogomotsi Magome, Associated Press

South Africa’s president has announced an “extraordinary budget” of $500 billion rand ($26 billion) to address the huge socioeconomic effects of the coronavirus pandemic.

WATCH: Louisiana governor gives coronavirus update

By Justin Stabley

Louisiana Gov. John Bel Edwards held a news conference to give an update on the state's efforts to fight the novel coronavirus.

Chipotle agrees to record $25 million fine over tainted food

By Brian Melley, Associated Press

The fast food company was charged Tuesday in Los Angeles federal court with two counts of violating the Food, Drug, and Cosmetic Act by serving adulterated food.

Oil prices keep crumbling, stocks around the world tumble

By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press

Stocks are falling in afternoon trading on Wall Street and the collapse in oil prices is deepening as the economic carnage caused by the coronavirus pandemic turns markets upside down.

Publicly traded firms get $300M in small-business loans, AP reports

By Reese Dunklin, Justin Pritchard, Krysta Fauria, Associated Press

An Associated Press investigation has found that a relief fund Congress created to protect small businesses amid the coronavirus crisis has helped companies with thousands of employees, past regulatory run-ins and risks of financial failure even before the economy got…

Criminal records shut small business owners out of aid program

By Jill Colvin, Associated Press

The Paycheck Protection Program is supposed to be a lifeline for small businesses, but government guidelines say that businesses are ineligible if anyone who owns the company is incarcerated, under indictment, on probation or parole or had been convicted of…

WATCH: Senate approves $483 billion virus aid deal

By Andrew Taylor, Lisa Mascaro, Associated Press

The coronavirus aid package flew through the Senate on Tuesday after Congress and the White House reached a deal to replenish a small-business payroll fund and provided new money for hospitals and testing.