Finance

The median loss for romance fraud victims in their 20s was $770. People in their 50s reported losing twice as much. The losses reached $3,000 for victims in their 60s and $6,450 for those in their 70s. “We’ve heard of people refinancing their homes and cashing out retirement accounts,” Ms. Nofziger said. “Scammers go where […]

America’s coronavirus infections have surged to the most in the world, and has Italy shut down its industry March 27, 2020, 4:08 PM 5 min read America’s coronavirus infections have surged to the most in the world. Italy shut down its industry. Masses of unemployed Indian laborers got food handouts and South Africa began a

With business sinking under coronavirus outbreak restrictions, restaurants are transforming operations and menus to try to stay afloat By DAN SEWELL Associated Press March 27, 2020, 2:36 PM 4 min read CINCINNATI — In the battle to keep their New York City restaurant going despite sharp restrictions during the coronavirus outbreak, the owners of Il

Emptying those funds is an immediate, easy way to create a lot of change. And donors seem to being doing just that: Schwab Charitable said its clients had increased giving from their funds 31 percent from mid-February until Thursday, compared with the same time last year, with some 3,400 grants going to coronavirus-related charities. Be

“This is not permanently raising government spending,” said Louise Sheiner, a senior fellow at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution. “It’s a one-time thing. A big one-time thing, but it raises the level of debt and doesn’t do anything to the trajectory of debt after that, which makes it

WASHINGTON — In the coronavirus crisis, even doctors can face a cash crunch. Dr. Benjamin Ticho, an ophthalmologist in Chicago Ridge, Illinois, has seen his revenue plunge 80% as patients stay home and he cancels non-emergency surgeries. He’s cut his staff’s hours sharply and is negotiating with his creditors. “We’ve reached out to many of

That was how things were at No Limits, the New Jersey cafe. Then it got hit by that tidal wave that Mr. Delaney of the Nonprofit Council talked about. No Limits is in Middletown, not far from where Ms. Cartier and her husband, Mark, a government bond trader, live. The cafe was created with the

India’s central bank has cut its key interest rate by a sizable 75 basis points to 4.4% from 5.15% to ease financing troubles caused by the coronavirus outbreak and help revive the economy March 27, 2020, 5:41 AM 1 min read NEW DELHI — India’s central bank on Friday cut its key interest rate by

BANGKOK — Asian shares mostly tracked Wall Street’s advance on Friday in Asia in anticipation congressional approval of massive coronavirus relief for the U.S. economy. Tokyo jumped 2.5% and Shanghai added 0.9%. Stocks sank 5.3% in Australia, ending a three day winning streak as investors reacted to news that cases of new infections in the

In some parts of the U.S., authorities say gun shops aren’t essential businesses and should close during stay-at-home orders meant to slow the coronavirus. In other places, officials are stopping background checks for concealed carry permits. Elsewhere, city leaders have invoked emergency powers allowing bans on gun sales. As the nation grapples with a pandemic