Mar 27 Stocks drop, but hold on to weekly gains after a big rally By Alex Veiga, Damian J. Troise, Associated Press Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastation being caused by the coronavirus. Continue reading
Mar 27 Microsoft divests from Israeli facial-recognition startup By Matt O'Brien, Associated Press Microsoft says it is pulling its investments from a controversial facial-recognition startup that scans faces at Israeli military checkpoints. Continue reading
Mar 27 IMF head says global economy now in recession By Martin Crutsinger, Associated Press IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recovery in 2021. But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage. Continue reading
Mar 27 Cruise stocks sink after missing out on economic-relief bill By David Koenig, Associated Press The economic-rescue package signed by President Donald Trump says companies getting loans or loan guarantees must be "organized" in the U.S. under American laws and have a majority of their employees based in the U.S. Continue reading
Mar 27 Trump seeks to force General Motors to produce ventilators By Tom Krisher, Associated Press Trump says negotiations with General Motors had been productive, "but our fight against the virus is too urgent to allow the give-and-take of the contracting process to continue to run its normal course."… Continue reading
Mar 27 WATCH: Trump warns governors to be ‘appreciative’ By Zeke Miller, Jill Colvin, Darlene Superville, Associated Press After days of pleading by the nation's governors, Trump on Friday signed an order aimed at compelling General Motors to prioritize the production of ventilators under the Defense Production Act. Continue reading
Mar 27 WATCH: Illinois governor gives coronavirus update By Justin Stabley Illinois Governor J. B. Pritzker gives an update on the state’s current novel coronavirus situation as the outbreak spreads. Continue reading
Mar 27 WATCH: Florida governor orders visitors from Louisiana to self-quarantine By Associated Press Florida Gov. Ron DeSantis said he is expanding his quarantine order to include Louisiana after officials in the lightly hit Panhandle worried that people will flee New Orleans as the number of positive tests there climb. Continue reading
Mar 27 WATCH: Pennsylvania governor gives coronavirus update By Justin Stabley Pennsylvania governor Tom Wolf gives an update on the state’s current novel coronavirus situation as the outbreak spreads. Continue reading
Mar 27 Trump signs $2.2 trillion stimulus after swift congressional votes By Andrew Taylor, Alan Fram, Laurie Kellman, Darlene Superville, Associated Press Acting with unity and resolve unseen since the 9/11 attacks, Washington moved urgently to stem an economic free fall caused by widespread restrictions meant to slow the spread of the virus that have shuttered schools, closed businesses and brought American… Continue reading