Business News

Small Business Administration’s $350-Billion paycheck protection program
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Thomas Perumean
April 04, 2020 - 11:49 am
Government practically giving away money to business to protect economy
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In this photo made on, April 2, 2020, nurse anesthetist Jessica Poole checks for updates on the coronavirus pandemic in her home office in Greensburg, Pa. Poole, until a couple weeks ago, worked for a private anesthesia practice that serves the Pittsburgh area until she was laid off. She is one of the tens of thousands of medical workers across the United States suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning. (AP Photo/Keith Srakocic)
April 04, 2020 - 10:17 am
HARRISBURG, Pa. (AP) — Tens of thousands of medical workers across the United States are suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning...
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FILE - In this Wednesday, March 18, 2020 file photo, Visitors to the Department of Labor are turned away at the door by personnel due to closures over coronavirus concerns in New York. Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief. (AP Photo/John Minchillo, File)
April 04, 2020 - 8:10 am
Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief. State websites and phone lines across the country have been overwhelmed with applicants — causing sites to crash, phone lines to ring busy and much-needed...
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FILE- This Oct. 9, 2018, file photo shows an oil rig and pump jack in Midland, Texas. Goldman Sachs is warning of another sharp drop in oil prices, Thursday, March 26, 2020, saying some oil producers are eventually going to have to shut some wells because the coronavirus outbreak is crushing demand. (Jacob Ford/Odessa American via AP, File, File)
April 03, 2020 - 11:38 pm
DUBAI, United Arab Emirates (AP) — Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers. Oil prices sharply fell after the...
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A couple in protective masks during the coronavirus outbreak walk past the Philadelphia Museum of Art in Philadelphia, Friday, April 3, 2020. The museum has temporarily closed due to the COVID-19 pandemic. (AP Photo/Matt Rourke)
April 03, 2020 - 10:23 pm
NEW YORK (AP) — The Trump administration urged Americans to cover their faces in public and limited exports of medical supplies Friday as New York’s governor took his own dramatic step to fight the coronavirus — vowing to seize unused ventilators from private hospitals and companies. President...
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In this Thursday, April 2, 2020, photo, Tulsa River Spirit Expo Center is mostly empty at the Tulsa Fairgrounds in Tulsa, Okla. (Stephen Pingry/Tulsa World via AP)
April 03, 2020 - 9:53 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: —CDC recommending Americans cover their faces when...
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MLB Commissioner Rob Manfred answers questions at a press conference during MLB baseball owners meetings, Thursday, Feb. 6, 2020, in Orlando, Fla. (AP Photo/John Raoux)
April 03, 2020 - 7:46 pm
NEW YORK (AP) — A federal judge has dismissed a lawsuit by fantasy sports contestants who claimed they were damaged by sign stealing in Major League Baseball. Five men had sued MLB, MLB Advanced Media, the Houston Astros and the Boston Red Sox in federal court in Manhattan, claiming fraud,...
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FILE - In this March 5, 2020, file photo, Dr. Deborah Birx, Ambassador and White House coronavirus response coordinator, holds a 3M N95 mask as she and Vice President Mike Pence visit 3M headquarters in Maplewood, Minn., in a meeting with the company's leaders and Minnesota Gov. Tim Walz to coordinate response to the COVID-19 coronavirus. On Friday, April 3, 2020, the manufacturing giant pushed back against criticism from Trump over production of face masks that are badly needed by American health care workers. 3M said the administration asked it to stop exporting medical-grade masks to Canada and Latin America, which the company said raises “significant humanitarian implications” and will backfire by causing other countries to retaliate against the U.S. (Glen Stubbe/Star Tribune via AP, File)/Star Tribune via AP)
April 03, 2020 - 7:37 pm
President Donald Trump said Friday his administration will try to stop “profiteers” from exporting medical protective gear, shortly after picking a fight with manufacturing giant 3M, a major producer and exporter of face masks used to protect health care workers from the coronavirus. 3M argued that...
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Home Depot customers carry their purchases as they leave the store, Friday, April 3, 2020 during the coronavirus pandemic in New York. (AP Photo/Mark Lennihan)
April 03, 2020 - 6:15 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. ____________ COSTS MOUNT: The pandemic will cost the global economy as much as $4.1...
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FILE - This screen grab from the website HealthCare.gov shows the extended deadline for signing up for health care coverage for 2020. (Centers for Medicare and Medicaid Services via AP, File)
April 03, 2020 - 5:49 pm
More than a million people could swamp the Affordable Care Act’s health insurance marketplaces in the coming months as employers lay off staff during the coronavirus pandemic. The health insurance markets are a backbone of the Obama-era law that President Donald Trump has tried to demolish. They...
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