Apr 09 Watch 6:41 How missed rent payments spark a ‘cascade’ of financial hardship By Paul Solman Many Americans affected by the coronavirus pandemic are struggling to pay their rent when they have lost income and haven’t yet been able to secure unemployment money. Missed rent, in turn, adds up to landlords who can’t pay their mortgages… Continue watching
Apr 09 Watch 7:55 Janet Yellen on this ‘devastating’ economic crisis and the government’s response By Judy Woodruff, Courtney Vinopal Recent moves by the Federal Reserve, including loans to businesses, cities and states as well as interest rate cuts, exceed the entire scope of its response to the 2008 financial crisis. The Brookings Institution's Janet Yellen, former chair of the… Continue watching
Apr 09 Federal action leads Wall Street to cap best week since 1974 By Stan Choe, Alex Veiga, Associated Press Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak. The central bank announced programs to provide up to $2.3 trillion… Continue reading
Apr 09 IMF head sees worst economic downturn since Great Depression By Martin Crutsinger, Associated Press IMF Managing Director Kristalina Georgieva said Thursday that the world's poorest countries will be hardest hit. Continue reading
Apr 09 Canada unlikely to return to normal until there is a COVID-19 vaccine By Rob Gillies, Associated Press Canadian Prime Minister Justin Trudeau says Canadians will need to stay at home and practice physical distancing for months as the first wave of COVID-19 cases in the country won’t end until the summer. Continue reading
Apr 09 Oil-producing nations seek global deal to stabilize market By Daria Litvinova, Associated Press Oil-producing countries including those of the OPEC cartel and Russia are trying to limit a crash in prices that, while welcome for consumers, has been straining government budgets and pushed energy companies toward bankruptcy. Continue reading
Apr 09 U.S. economy unlikely to ‘boom’ post-pandemic By Josh Boak, Associated Press There are emerging signs any U.S. economic recovery will fail to match the speed and severity of the collapse that occurred in just a few weeks, despite President Donald Trump's promises of a strong rebound… Continue reading
Apr 09 During pandemic, D.C. volunteers provide food for the needy By Ashraf Khalil, Jacquelyn Martin, Associated Press Activists in Washington, D.C., are teaming up to feed the needy during the coronavirus outbreak. Southeast Washington was already a food desert with residents experiencing chronic nutritional and health issues even before the COVID-19 pandemic locked down the nation's capital,… Continue reading
Apr 09 WATCH: White House task force urges men with COVID-19 symptoms to get tested By Associated Press So far, Dr. Deborah Birx says, 56% of the people tested for COVID-19 are female, and 16% of them tested positive for the virus. But for the men, 23% tested positive. Continue reading
Apr 09 Wall Street climbs after Fed stuns markets again with aid By Stan Choe, Associated Press Stocks are rising in early trading on Wall Street after the Federal Reserve launched its latest unprecedented effort to support the economy through the coronavirus outbreak. Continue reading