Finance

NEW YORK SHUTTERED A bustling commercial corridor in Queens prepared to shut down as residents adjusted to their new reality. March 25, 2020 As twilight approached on Sunday, Jatin Prajapati set up a folding table on Roosevelt Avenue in Queens, outside a shuttered eyebrow-threading salon. Mr. Prajapati, who works at a pharmacy in Manhattan and […]

BEIJING — Trains carrying factory employees back to work after two months in locked-down cities rolled out of Hubei province, the center of China’s virus outbreak, as the government on Wednesday began lifting the last of the controls that confined tens of millions of people to their homes. Roadblocks on bridges and at expressway gates

On Monday morning, American Airlines Flight 1 departed John F. Kennedy Airport in New York, bound for Los Angeles. It had six passengers. The flight is normally one of the airline’s busiest and most profitable. Now it is a money pit, a cross-country symbol of how thoroughly the coronavirus pandemic has decimated commercial air travel

WASHINGTON — President Donald Trump said he is hoping the United States will be reopened by Easter as he weighs how to relax nationwide social-distancing guidelines to put some workers back on the job during the coronavirus outbreak. Trump’s optimism contradicted the warnings of some public health officials who called for stricter — not looser

BANGKOK — Shares advanced in Asia on Wednesday after the Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on injecting nearly $2 trillion of aid into an economy ravaged by the coronavirus. Japan’s Nikkei 225 index jumped 5.3%, while Hong Kong added 3%

Companies in China say they expect delays in resuming normal business to last through the second half of this year year as Beijing tries to revive its economy after declaring victory over the coronavirus March 25, 2020, 4:27 AM 3 min read The spread of the coronavirus that emerged in China in December has dealt

The pharmaceutical giant that makes a promising coronavirus drug has registered it as a rare disease treatment with U.S. regulators By MATTHEW PERRONE and RICHARD LARDNER Associated Press March 25, 2020, 1:12 AM 5 min read WASHINGTON — The pharmaceutical giant that makes a promising coronavirus drug has registered it as a rare disease treatment

It comes down to what a life is worth. In the 1960s, a Nobel Prize laureate in economics, Thomas C. Schelling, proposed letting people price their own lives. Observing how much they were willing to spend to reduce their odds of death — by buying a bicycle helmet, driving within the speed limit, refusing to

The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here’s a look at developments Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has brought economic activity to a standstill. The latest developments in global financial markets

Loree Levy, a spokeswoman for the California Employment Development Department, which oversees unemployment benefits, said by email that applicants who were not eligible for benefits because the state lacked their wage information could follow up, and that the department would investigate, awarding benefits if it deems them misclassified. She said the department investigated many such