The chairman of the Federal Reserve on Thursday contradicted President Donald Trump’s push to reopen the economy as soon as possible, advising that curbing the spread of the coronavirus is “the first order of business” and recommending the advice of public health experts. “The sooner we get the spread of the virus under control, people […]
Jerome H. Powell, the Federal Reserve chair, said during a rare television interview on Thursday that the United States “may well” be in a recession already, but that it should get the coronavirus under control before getting back to work. “The first order of business will be to get the spread of the virus under
Fed’s Powell Says U.S. Must Get Virus Under Control Before Economy Restarts Read More »
Ford says it wants to reopen five North American assembly plants in April that were closed due to the threat of coronavirus March 26, 2020, 12:17 PM 3 min read DETROIT — Ford says it wants to reopen five North American assembly plants in April that were closed due to the threat of coronavirus. The
Ford pushes for factory restart, union not so sure Read More »
WASHINGTON — Partial highlights of a roughly $2.2 trillion package to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The package, written by Trump administration officials and Democratic and Republican Senate leaders, was released late Wednesday night and unanimously approved by the Senate. — Loans and guarantees to
Highlights of Congress’ $2.2 trillion virus relief package Read More »
Leaders of the world’s most powerful economies will convene virtually to coordinate a response to the fast-spreading new coronavirus By AYA BATRAWY Associated Press March 26, 2020, 7:59 AM 4 min read DUBAI, United Arab Emirates — Leaders of the world’s most powerful economies will convene virtually on Thursday to try and coordinate a response
World leaders to meet virtually to coordinate virus response Read More »
Asian stock markets are mixed after Wall Street gained as U.S. legislators wrangled over a proposed $2 trillion virus aid package By JOE McDONALD AP Business Writer March 26, 2020, 4:57 AM 4 min read BEIJING — Asian stocks were mixed Thursday after Wall Street gained as U.S. lawmakers wrangled over a proposed $2 trillion
Stocks have first back-to-back gains since sell-off began Read More »
A federal judge on Wednesday ordered the U.S. Army Corps of Engineers to conduct a full environmental review of the Dakota Access pipeline, nearly three years after it began carrying oil By DAVE KOLPACK Associated Press March 25, 2020, 9:16 PM 4 min read FARGO, N.D. — A federal judge on Wednesday ordered the U.S.
Judge orders environmental review of Dakota Access pipeline Read More »
WASHINGTON — The Trump administration is considering postponing tariff payments on some imported goods for 90 days, according to people familiar with the matter, as it looks to ease the burden on businesses hurt by the pandemic. Some businesses and trade groups have argued that the levies President Trump imposed on foreign metals and products
White House Weighs Tariff Delay Read More »
Foreign ministers from the Group of 7 leading industrialized democracies have sparred over whether to call out China as the source of the coronavirus pandemic By MATTHEW LEE AP Diplomatic Writer March 25, 2020, 11:10 PM 3 min read WASHINGTON — Foreign ministers from the Group of 7 leading industrialized democracies sparred Wednesday over whether
G-7 foreign ministers spar over coronavirus amid pandemic Read More »
ST. PETERSBURG, Fla. — Florida Gov. Ron DeSantis has been walking a tightrope for weeks during the coronavirus crisis, trying to protect both residents vulnerable to the virus and the cratering economy in a state of 21 million people. His dilemma is a clear example of the conundrum facing the president of the U.S. and
Florida governor’s coronavirus dilemma: health vs. economy Read More »
