Mar 18 Trump invokes emergency authority; Big 3 automakers closing By Tim Sullivan, David Rising, Associated Press President Donald Trump moved to invoke a federal law that allows the government to marshal the private sector to deal with the coronavirus epidemic with word that Detroit's Big Three automakers agreed to shut down all their factories to protect… Continue reading
Mar 18 5.7-magnitude quake shakes Utah, Salt Lake airport closed By Brady McCombs, Lindsay Whitehurst, Associated Press The U.S. Geological Survey says the epicenter was just southwest of the city and was likely felt by about 2.8 million people. The Salt Lake Temple sustained minor damage. Continue reading
Mar 18 Treasury proposal: Deliver $500 billion to Americans starting April By Lisa Mascaro, Zeke Miller, Andrew Taylor, Associated Press In a memorandum issued Wednesday, Treasury is calling for two $250 billion cash infusions to individuals: A first set of checks issued starting April 6, with a second wave in mid-May. Continue reading
Mar 18 Senate considers $100 billion coronavirus bill, bigger federal measure in works By Lisa Mascaro, Zeke Miller, Andrew Taylor, Associated Press The upcoming economic package alone could exceed $1 trillion, a rescue plan not seen since the Great Recession. Continue reading
Mar 18 Global markets sink despite promises of economic aid By Joe McDonald, Associated Press European markets were down about 5% after broad losses across Asia, while trading in Wall Street futures was suspended once again as losses hit the maximum 5% limit. Continue reading
Mar 17 Nevada to close casinos, businesses and ban dining out By Michelle L. Price, Scott Sonner, Associated Press Nevada Gov. Steve Sisolak ordered casinos and other non-essential businesses like bars, movie theaters and gyms, to close starting noon Wednesday to slow the spread of the new coronavirus. Continue reading
Mar 17 Fed launches 2 emergency programs last seen in the Great Recession By Christopher Rugaber, Associated Press The Federal Reserve has put in motion two emergency lending programs that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak. Continue reading
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