Finance

“One of our biggest deals is we own shopping malls,” he said. “That’s a lot of restaurants, nail shops, fitness centers, and not a lot of rent is going to come in from them.” His goal is to keep most of his 900 employees employed through April and re-evaluate after that. Many business owners are […]

The longest stretch of job creation in American history came to a halt last month, the Labor Department reported Friday, another reflection of the coronavirus pandemic that has brought the economy to a virtual standstill. Compared with the astounding numbers of people recently applying for unemployment benefits — nearly 10 million in the previous two

Asian stock markets have tumbled after soaring U.S. job losses tempered enthusiasm over a possible deal to stabilize oil prices amid anxiety over the global slump caused by the coronavirus pandemic By JOE McDONALD AP Business Writer April 3, 2020, 5:56 AM 4 min read BEIJING — Asian stock markets tumbled Friday after soaring U.S.

The jobless rate today is almost certainly higher than at any point since the Great Depression. We think it’s around 13 percent and rising at a speed unmatched in American history. The labor market is changing so fast that our official statistics — intended to measure changes over months and years rather than days or

NEW YORK — Just when Americans need it most, a U.S. newspaper industry already under stress is facing an unprecedented new challenge. Readers desperate for information are more reliant than ever on local media as the coronavirus spreads across the U.S. They want to know about cases in their area, where testing centers are, what

WASHINGTON — Last month, lobbying groups representing advertising giants like Google and Facebook asked California’s attorney general to wait to enforce the state’s new online privacy rules given the coronavirus ripping around the world. In Washington, lobbyists representing cloud computing giants like Amazon pushed for more money to help federal employees work remotely. And Uber

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. ———————————— CRASH COSTS CRASHING: One of France’s largest auto insurers says costs are crashing as tens of millions of drivers

Some of the restrictions set out by the legislation, like a temporary halt on companies using their own money to buy back stock, appear to apply to all company loans. But a commitment by companies to maintain hiring at or close to recent levels is not required across the board. It would apply to the

Asian stock markets have tumbled after soaring U.S. job losses tempered enthusiasm over a possible deal to stabilize oil prices amid anxiety over the global slump caused by the coronavirus pandemic By JOE McDONALD AP Business Writer April 3, 2020, 5:57 AM 4 min read BEIJING — Asian stock markets tumbled Friday after soaring U.S.

After a record 113 straight months of hiring, the government’s monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus By CHRISTOPHER RUGABER AP Economics Writer April 3, 2020, 4:22 AM 3 min read 3 min read Share to