Finance

Pacific Gas & Electric has agreed to plead guilty to 84 counts of involuntary manslaughter in connection with the 2018 Northern California wildfire that killed 84 people and decimated three towns By OLGA R. RODRIGUEZ Associated Press March 23, 2020, 3:22 PM 2 min read SAN FRANCISCO — Pacific Gas & Electric said Monday it […]

WASHINGTON — Top Trump administration officials and congressional leaders struggled Monday to finalize a nearly $2 trillion economic rescue package as the coronavirus crisis deepened, even as President Donald Trump seemed to suggest he had qualms about extending the current 15-day suggested shutdown. “I didn’t expect to be starting off my week with such a

The Federal Reserve said it would buy as much government-backed debt as needed to soothe fraught markets and unrolled a series of programs meant to shore up both large and small businesses, unveiling a whatever-it-takes effort to cushion the brutal economic blow of coronavirus. “Aggressive efforts must be taken across the public and private sectors

Air Canada is laying off more than 5,000 flight attendants as demand plunges amid travel controls imposed to fight the coronavirus March 23, 2020, 11:03 AM 3 min read The rapid spread of the coronavirus since it was first reported in China has dealt an unparalleled shock to the world economy. Following are business developments

The Commerce Department issues its February tally of new home sales Tuesday and its monthly snapshot of consumer spending Friday March 23, 2020, 5:10 AM 2 min read A look at some of the key business events and economic indicators upcoming this week: SPOTLIGHT ON HOUSING The Commerce Department issues its February tally of new

BANGKOK — U.S. futures slipped more than 3% on Monday and share benchmarks in many Asian markets logged sharp losses as still more governments tightened restrictions to fight the coronavirus pandemic. India’s Sensex plummeted 12.1% after a sharp drop on the open triggered a circuit breaker halt to trading. Singapore’s benchmark plunged 7.7% after the

WASHINGTON — In the fall of 2008, an unlikely alliance of lawmakers, regulators and Bush administration officials banded together to rescue an economy they feared was hours away from collapse. They also unwittingly reshaped American politics, unleashing a populist furor that lingers in both parties to this day. More than a decade later, those same

U.S. futures have declined and Australia’s share benchmark plunged 8.5% as work on more stimulus for the U.S. economy hit snags in the U.S. Senate By ELAINE KURTENBACH AP Business Writer March 23, 2020, 3:06 AM 4 min read BANGKOK — U.S. futures dropped more than 4% and Australia’s share benchmark initially plunged 8.5% as

PROVIDENCE, R.I. — Drive-thru sites have been opening around the United States to make it quicker and safer to test people for the new coronavirus. But much like the rest of the U.S. response to the pandemic, the system has been marked by inconsistencies, delays, and shortages. Many people who have symptoms and a doctor’s

Senate Republicans have proposed giving the Federal Reserve access to $425 billion in funding that it could use to extend emergency support to flailing businesses or struggling localities — an approach that would keep central bankers at the center of the coronavirus economic response in ways that could prove politically fraught. Republican lawmakers proposed increasing