Business News

Crocs Donating Shoes To Health Care Workers Amid…

​Health workers across the U.S. can request a free pair of the company's shoes through its website.

Stimulus billions can't buy hospitals out of…

The billions of tax dollars headed for hospitals and states as part of the $2.2 trillion coronavirus response bill won't solve the critical shortage of protective gowns, gloves and masks

Hawks no more: Fiscal conservatives embrace…

The nation's fiercest fiscal conservatives have largely embraced the economic rescue package approved by Congress and signed by President Donald Trump

Singapore Airlines To Slash Operations Amid…

​The company said it will reduce capacity by 96% due to recent global border restrictions.

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The Latest: Dog-walking ban to fight virus causes…

Pet owners in Serbia are furious over the populist government’s decision to ban even a brief walk for people with dogs during an evening curfew to contain the spread of the new coronavirus

California restaurants say 30% to close without state aid

California's restaurant industry _ hit hard by restrictions to stop the spread of coronavirus _ is warning that 30% of its businesses could close permanently without help from the state

Unemployment To Hit 30% Because Of Coronavirus…

James Bullard told Bloomberg News the second quarter will likely see a 50% drop in gross domestic product as well.

California virus death toll surpasses 100…

With cases of coronavirus surging and the death toll surpassing 100, lawmakers are pleading with cooped-up Californians to spend a second weekend at home to slow the spread of the infections

Nikki Haley Resigns From Boeing's Board Of…

The former U.S. ambassador to the U.N. resigned over the company's request for government aid in response to the coronavirus pandemic.

Meet Eric Yuan, the man who made your Zoom meetings possible

If you hadn't already heard have of Zoom Video Communications, there is a good chance you have during the past few weeks

Highlights of Trump-signed $2.2T economic relief package

The roughly $2.2 trillion economic relief bill that President Donald Trump signed into law has huge amounts of money for families, businesses and state and local governments

Unemployment Claims Rise Amid Outbreak

As coronavirus outbreak triggers layoffs, unemployment claims are on the rise.

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Handling mail amid coronavirus: Low risk but wash…

Health experts say there's very low risk of catching the coronavirus from handling mail and packages

PG&E to use wildfire victims fund to pay for past…

Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its crimes in a deadly wildfire by taking money away from a fund set up to compensate thousands of victims for their losses

U.S. Automakers Willing To Produce Ventilators At…

Ventilators, which help patients breathe, are being used by hospitals to treat some of the more severe coronavirus cases.

Microsoft divests from Israeli facial-recognition startup

Microsoft says it is pulling its investments from a controversial facial-recognition startup that scans faces at Israeli military checkpoints

Cruise stocks sink after missing out on…

Congress has left cruise lines high and dry when it comes to emergency relief from the new virus outbreak

New York Stock Exchange To Close Floor, Shift To…

​The NYSE's president said two people tested positive for the coronavirus but that the building has been cleaned since they were last inside.

Hilton, Gap fall; Sportsman's Warehouse rises

Stocks that moved heavily or traded substantially on Friday: Hilton, Gap fall; Sportsman's Warehouse rises

IMF head says global economy now in recession

The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn

Big Three Automakers Agree To Halt Production…

Ford, Fiat Chrysler and General Motors will stop production in North America.

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How major US stock indexes fared Friday

Major U.S. stock indexes fell more than 3% on Wall Street Friday, giving back part of the gains they piled up over the past three days

Trump seeks to force General Motors to produce…

President Donald Trump has issued an order that seeks to force General Motors to produce ventilators for coronavirus patients under the Defense Production Act

Federal Reserve Activates Economic Safeguards…

The Fed is using two emergency lending programs to help keep credit flowing.