Finance

The American economy is facing a plunge into uncharted waters. Economists say there is little doubt that the nation is headed into a recession because of the coronavirus pandemic, with businesses shutting down and Americans being shut in. But it is harder to foresee the bottom and how long it will take to climb back. […]

United Airlines is hinting that major layoffs could be coming if Washington doesn’t pass an airline bailout by the end of this month By DAVID KOENIG AP Airlines Writer March 20, 2020, 11:38 PM 4 min read Leaders of United Airlines and its labor unions are raising the threat of massive layoffs if Washington doesn’t

The critical shortage of medical supplies across the U.S., including testing swabs, protective masks, surgical gowns and hand sanitizer, can be tied to a sudden drop in imports, mostly from China, The Associated Press has found. Trade data shows the decline in shipments started in mid-February after the spiraling coronavirus outbreak in China led the

WASHINGTON — When President Donald Trump speaks, financial markets gyrate and quiver in real time. But that hasn’t stopped the president from holding forth almost daily about the coronavirus pandemic and its economic implications without waiting until markets have closed for the day. While many of his predecessors worked consciously to not affect the markets,

WASHINGTON — Senate Republicans on Thursday unveiled an economic relief package in response to the coronavirus pandemic that would send checks of up to $1,200 to taxpayers who earn less than $99,000 a year, loans for small businesses and large tax cuts for big corporations. Senators were on a tight deadline to introduce the measure

NEW YORK — The drive-in theater, long a dwindling nostalgia act in a multiplex world, is experiencing a momentary return to prominence. With nearly all of the nation’s movie theaters shuttered due to the coronavirus pandemic, some drive-in owners think they’re in a unique position to give moviegoers a chance to do something out of

Jenna Camille Henderson, a singer-songwriter in Washington, D.C., didn’t have just one job. Instead, like many other musicians and creative workers in the United States, she pieced together a living from multiple sources. This delicate process, known dryly as the freelance hustle, can be exasperating, but it can also provide a special kind of freedom

The lobbying arm of the U.S. coal industry is asking for hundreds of millions of dollars in royalty relief, tax cuts and other breaks to help companies ride out the financial crisis brought on by the coronavirus pandemic By MATTHEW BROWN Associated Press March 21, 2020, 12:44 AM 3 min read BILLINGS, Mont. — The

WASHINGTON — The Federal Reserve tiptoed into the market for municipal debt on Friday, a small move that economists, lawmakers and state treasurers say should be expanded as the coronavirus places huge financial pressure on local governments. The Fed will now let banks tap cheap loans by pledging short-term, highly rated municipal debt as collateral.

Pacific Gas & Electric and California Gov. Gavin Newsom  have reached a deal for the nation’s largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires By DON THOMPSON and DAISY NGUYEN Associated Press March 20, 2020, 10:46 PM 2 min read SACRAMENTO, Calif. — Pacific Gas & Electric and California Gov. Gavin