Finance

DRAKESBORO, Ky. — President Donald Trump tried to stop it from happening. The top Republican in the Senate, Mitch McConnell, did too. Despite their best efforts to make good on Trump’s campaign promise to save the beleaguered coal industry, including an eleventh-hour pressure campaign, the Tennessee Valley Authority power plant at Paradise burned its last […]

BEIJING — Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. Market benchmarks in Tokyo and South Korea rose nearly 6% while Shanghai, Hong Kong and Australian markets also gained. Traders were encouraged by the Fed’s promise

WASHINGTON — As cases of coronavirus continue to rise, President Donald Trump said Monday that he wants to reopen the country for business in weeks, not months, as he claimed, without evidence, that continued closures could result in more deaths than the pandemic itself. “We can’t have the cure be worse than the problem,” Trump

WASHINGTON — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis. With lending in Treasury and mortgage markets threatening to shut down, the Fed announced an aggressive set of programs Monday to try to

President Donald Trump’s insistence on downplaying the coronavirus risks reached dangerous levels Monday as he scoffed at medical advice and threatened to open up the economy despite skyrocketing case numbers. At the White House’s daily coronavirus briefing, the president focused on wanting to reopen businesses very soon despite global guidance to essentially shut down societies

Wall Street ended another turbulent day mostly lower as investors wait to see if Democrats and Republicans can settle their differences on an economic rescue package March 23, 2020, 11:30 PM 1 min read Wall Street ended another turbulent day mostly lower as investors wait to see if Democrats and Republicans can settle their differences

Excitement about treating the new coronavirus with malaria drugs is raising hopes, including with President Donald Trump. But the evidence that they may help is thin, and a run on the drugs is complicating access for people who need them for rheumatoid arthritis or lupus. Chloroquine and a similar drug, hydroxychloroquine, showed encouraging signs in

Over the next year, the United States will almost certainly go through a depression. Economists at Goldman Sachs currently expect the U.S. economy to shrink by an unprecedented 24% next quarter. They’re optimists compared to Morgan Stanley, which expects a 30% drop, and Federal Reserve Bank of St. Louis President James Bullard, who predicted a

Closing prices for crude oil, gold and other commodities, and foreign exchange levels March 23, 2020, 7:26 PM 1 min read Benchmark crude oil rose 73 cents to close at $23.36 a barrel Monday. Brent crude oil, the international standard, rose 5 cents to $27.03 a barrel. Wholesale gasoline fell 19 cents to 41 cents

Boeing is suspending operations at its Seattle area facilities due to the spread of coronavirus in the area, where dozens of people have been killed March 23, 2020, 5:36 PM 2 min read CHICAGO — The Latest on the action in the financial markets (all times local): Noon Boeing is suspending operations at its Seattle