Finance

The U.S. trade deficit tumbled in February to the lowest level since 2016 as exports fell and imports fell more By PAUL WISEMAN AP Economics Writer April 2, 2020, 1:05 PM 2 min read 2 min read Share to FacebookShare to TwitterEmail this article WASHINGTON — The U.S. trade deficit tumbled in February to the […]

OAK PARK, Illinois — One Tulsa bar owner said more than a dozen motorcyclists showed up unannounced, but he served them a round of shots anyway to celebrate a birthday. Another live-streamed a drag queen show on Facebook while up to 20 people drank inside the locked bar, ignoring police when they knocked on the

Japanese technology company SoftBank Group Corp. has called off its offering of up to $3 billion worth of shares in office-space rental venture WeWork, citing factors related to the coronavirus crisis and other reasons By YURI KAGEYAMA AP Business Writer April 2, 2020, 7:38 AM 2 min read 2 min read Share to FacebookShare to

BEIJING — Asian stocks were mixed Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak’s global economic cost increased. Benchmarks in Tokyo and Sydney declined but losses were smaller than Wall Street’s 4.4% overnight fall. Shanghai opened down

WASHINGTON — President Donald Trump wants to spend $2 trillion on infrastructure projects to create jobs and help the collapsing economy rebuild from the coronavirus‘ stunning blows. House Speaker Nancy Pelosi says that seems about right. Sounds like the prelude to a bipartisan deal. Except that when it comes to trying to upgrade the country’s

William C. Dudley, who was formerly president of the Federal Reserve Bank of New York, is sympathetic to the idea of a municipal bond program of some sort, especially given that “they basically have the blessing of Congress.” But he said officials should stick to investment-grade debt. “Once you start to get below investment grade,

WASHINGTON — President Donald Trump aims to shovel $2.2 trillion into the U.S. economy over the next few weeks to try to cushion its free fall. But that means putting his fate in the hands of banks, profit-minded businesses and government bureaucrats he has frequently derided, along with a man who has emerged as arguably

SoftBank has decided it will not buy $3 billion in WeWork stock from other shareholders, a board committee of the office space company said Wednesday night, dealing a blow to shareholders, including Adam Neumann, the company’s co-founder and former chief executive, who had hoped to sell their stock. SoftBank, a Japanese conglomerate and the dominant

Airlines are looking to retrain laid-off cabin crew staff as medical workers to help in hospitals currently overwhelmed by the coronavirus pandemic By DAVID KEYTON Associated Press April 2, 2020, 12:01 AM 5 min read 5 min read Share to FacebookShare to TwitterEmail this article STOCKHOLM — Filip Palmgren had wanted to work on planes

Automakers reported a plunge on Wednesday in new-vehicle sales as fear of the coronavirus and stay-at-home orders kept consumers from dealerships, adding to the troubles of the country’s largest manufacturing sector. General Motors said its sales fell 7 percent and Fiat Chrysler said they fell 10 percent in the first quarter. Both companies said a