Business News

More Than 5 Million Customers Affected In Latest…

The hotel chain says a system containing guests' names and personal information was accessed.

US long-term mortgages fall; 30-year at 3.33%

U.S. long-term mortgage rates fell this week for the second straight week as anxiety has spiraled over devastation to the economy from the coronavirus pandemic

Carnival Corp. Seeking Billions To Handle…

The coronavirus has forced many cruise lines, including ones owned by Carnival Corporation, to suspend operations.

White House convenes oil CEOs as bust threatens…

President Donald Trump is offering assurances of better times and coronavirus tests to oil CEOs

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American Airlines Says It Will Seek $12B In…

Airline executives said the government assistance "will allow us to fly through even the worst of potential future scenarios."

Anick Jesdanun, longtime AP technology writer…

Anick Jesdanun, deputy technology editor for The Associated Press, has died in New York City of coronavirus complications

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.

Marvel remakes release calendar; 'Mulan' moves to…

The Walt Disney Co. has overhauled its release schedule, moving the dates of half a dozen Marvel movies

Singapore Airlines To Slash Operations Amid…

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

Putin suggests sizable oil production cut as prices fall

Russian President Vladimir Putin says he supports cutting oil production by about 10 million barrels a day to shore up falling prices

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.

Trump, 3M clash over order to produce more face…

President Donald Trump says 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

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.

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US service sectors slows in March

US service sector slows in March to index reading of 52.5 with bigger virus-related declines ahead

Unemployment Claims Rise Amid Outbreak

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

Scramble for virus supplies strains global…

From tiny San Marino, wedged next to two of Italy's hardest-hit provinces in the coronavirus outbreak, to more economically powerful nations like Italy, countries are running up against export bans and seizures in the scramble for vital medical supplies

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.

A bleak US jobs report likely portends even…

A grim picture of the U.S. job market’s sudden collapse emerged Friday with a report that employers shed hundreds of thousands of jobs last month because of the viral outbreak that’s brought the economy to a near-standstill

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.

Florida finally takes cruise passengers, some on…

Passengers from an ill-fated cruise are finally touching dry land for the first time in weeks

Big Three Automakers Agree To Halt Production…

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

Local newspapers are facing their own coronavirus…

Just when Americans need it most, a U.S. newspaper industry already under stress is facing an unprecedented new challenge

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Federal Reserve Activates Economic Safeguards…

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

Chinese struggle to return to work as virus…

Millions of Chinese workers are streaming back to factories, shops and offices but many still face anti-coronavirus controls that add to their financial losses and aggravation

Union Urges 3 Major Automakers To Halt Production…

The United Auto Workers union is urging Ford, Fiat Chrysler and General Motors to pause production in Detroit for two weeks.