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Businesses asks government to act to avert 'devastating' hit

By Alan Fram, Associated Press

In a letter to President Donald Trump and congressional leaders, the U.S. Chamber of Commerce called for legislation including a three-month cancellation of the taxes companies pay to support Social Security, Medicare and unemployment insurance.

Countries go on lockdown erupt as world infections surpass those in China

By Aritz Parra, Frank Jordans, Associated Press

Spain officially became the fourth-most infected country in the world, surpassing South Korea as its arc of contagion curved higher.

4 states close bars, restaurants to prevent virus spread

By Sudhin Thanawala, Associated Press

Illinois, Ohio, Massachusetts, Washington state and New York City are among the places that ordered bars to close and restaurants to stop dine-in service. Takeout and delivery will still be allowed.

Stocks nosedive on Wall Street, triggering trading halt

By Joe McDonald, Associated Press

Global stocks fell sharply Monday after central bank moves to shore up economic growth failed to dispel investor's fears over anti-virus controls that are shutting down global business and travel.

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.