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Fed takes emergency steps to slash rates and ease bank rules

By Christopher Rugaber, Associated Press

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the…

The economic fallout from the new coronavirus outbreak

By PBS NewsHour

With businesses shuttering, professional sports leagues suspending their seasons and widespread travel restrictions initiated around the world, the economic fallout from the new coronavirus outbreak may continue for months. Vijay Vaitheeswaran, U.S.business editor for The Economist, joins Hari Sreenivasan for…

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Trump says top cruise ship companies stopping trips from U.S.

By Associated Press

President Donald Trump is tweeting that four major cruise ship companies have agreed to suspend trip from the U.S. for 30 days, effective at midnight.

U.S. hospitals brace for ‘tremendous strain’ from new virus

By Lindsey Tanner, Associated Press

Experts fear that when federal testing snafus are resolved, a flood of patients will hit U.S. emergency rooms.

Stocks surge on new pandemic measures

By Alex Veiga, Damian J. Troise, Associated Press

The rally came at the end of a week of turbulent trading fueled by heightened fears that the fallout from the coronavirus could bring on a global recession.

Trump declares national emergency, Pelosi announces aid deal

By Andrew Taylor, Zeke Miller, Lisa Mascaro, Jill Colvin, Associated Press

Trump says the emergency will open up nearly $50 billion for state and local governments to respond to the outbreak.

Countries turn to wartime tactics to fight coronavirus foe

By Aritz Parra, Lori Hinnant, Associated Press

World leaders are warning of nearly wartime measures to come to contain the spreading pandemic.

Already stretched universities now face huge endowment losses from market meltdown

By Jon Marcus, The Hechinger Report

With attention focused on classes being canceled and students being sent home, the coronavirus presents another threat to U.S. universities and colleges: tens of billions of dollars in potential endowment losses.

Virus darkens stages, silences orchestras across the U.S.

By Mark Kennedy, Associated Press

The ongoing fears surrounding the coronavirus have shuttered places where Americans — and foreign visitors — have long gathered to escape the world and also to engage with it.