Mar 17 Watch 5:34 Many Americans will be hurt financially by pandemic. Here’s how government could help On Tuesday, Wall Street recouped some of Monday’s record losses, with the Dow Jones Industrial Average regaining 1,000 points in apparent reaction to the prospect of a major economic stimulus package. How would that help Americans reeling from the pandemic?… Continue watching
Mar 17 WATCH: Airbnb, hotels seek U.S. government aid as demand flattens By Dee-Ann Durbin, Associated Press Hilton CEO Christopher Nassetta told the president Hilton has had to close some hotels for the first time in 100 years. Continue reading
Mar 17 Panic buying leaves retailers scrambling to restock By Anne D'Innocenzio, Associated Press Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out by panic shopping in response to the global viral pandemic. Continue reading
Mar 17 St. Patrick’s Day subdued across the world amid virus crisis By Alanna Durkin Richer, Associated Press St. Patrick's Day revelers across the world tried to salvage the holiday with makeshift celebrations after parades and parties were scrapped and residents were urged to hunker down at home to slow the spread of the new coronavirus. Continue reading
Mar 17 ‘How are we going to eat?’ Novel coronavirus tests Europe’s social nets By Aritz Parra, Nicole Winfield, Associated Press Governments across Europe are deferring tax payments, approving short-term unemployment schemes and paid sick leave to try to cushion the economic blow to businesses and blue collar workers alike from virus-containment measures. Continue reading
Mar 17 State and local officials take harder line on novel coronavirus By Tim Sullivan, Chris Rugaber, Associated Press Nearly 7 million people in the San Francisco area were all but confined to their homes Tuesday while Florida put a damper on spring break by ordering the closing of all bars, as state and local officials took an increasingly… Continue reading
Mar 16 U.S. airlines seek billions in aid as outbreak cripples travel By David Koenig, Associated Press U.S. airlines are asking the federal government for grants, loans and tax relief that could easily top $50 billion to help them recover from a sharp downturn in travel due to the new coronavirus. Continue reading
Mar 16 D.C. closes gyms, theaters, orders takeout only in restaurants By Ashraf Khalil, Associated Press Mayor Muriel Bowser says she is also placing local National Guard units on standby, but not actively deploying them yet. Continue reading
Mar 16 Watch 4:30 What lessons from 2008 financial crisis can be applied to coronavirus economic fallout? Financial panic rocked world markets Monday. All three major U.S. stock indices were down over 10 percent, despite extraordinary action Sunday by the Federal Reserve to cut a key interest rate to zero. But the painful economic implications of the… Continue watching
Mar 16 Amazon seeks to hire 100,000 to keep up with surge in orders By Joseph Pisani, Associated Press The Seattle-based company said the job openings are for a mix of full-time and part-time positions and include delivery drivers and warehouse workers, who pack and ship orders to shoppers. Continue reading