Finance

Major Asian stock markets are higher after Wall Street rallied on President Donald Trump’s promise to prop up the economy through the coronavirus outbreak By JOE McDONALD AP Business Writer March 18, 2020, 7:30 AM 4 min read BEIJING — Major Asian stock markets were higher Wednesday after Wall Street rebounded on President Donald Trump’s […]

“Will mortgage rates remain low?” Probably, for the time being. It’s a question many homeowners, and potential home buyers, are asking. But with uncertainty rampant, thanks to turbulent financial markets and the spreading coronavirus, it’s hard to say for sure just how long they’ll stay rock bottom. Last week, for instance, the average rate on

Major Asian stock markets have fallen back after Wall Street rallied on President Donald Trump’s promise to prop up the economy through the coronavirus outbreak By JOE McDONALD AP Business Writer March 18, 2020, 6:09 AM 3 min read BEIJING — Major Asian stock markets fell back after early gains on Wednesday after Wall Street

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said. Mnuchin met with senators to persuade them to pass

Current Social Security leadership has been skeptical of remote work arrangements. In November, it terminated a work-from-home pilot program that allowed 12,500 employees to work remotely one day per week. As the coronavirus crisis has unfolded, a small number of offices were closed in areas experiencing a high number of infections, and a limited amount

Angela Gervasi was enjoying a day off on Thursday when she got a text from a co-worker: “Have you heard?” Her co-worker quickly filled her in: P.J. Clarke’s, the restaurant where she worked in Philadelphia, was letting her and some other employees go. Confirmation came in a letter citing “developments” with the coronavirus outbreak. By

Nevada Gov. Steve Sisolak ordered a monthlong closure of casinos and other non-essential businesses like bars, movie theaters and gyms, to slow the spread of the new coronavirus By MICHELLE L. PRICE and SCOTT SONNER Associated Press March 18, 2020, 1:54 AM 4 min read LAS VEGAS — Nevada’s governor ordered a monthlong closure of

If your income has fallen or been cut off completely, we’re here to help. This guide will connect you to the basic information you’ll need to get through this, including on government benefits, free services and financial strategies. If there’s something you need — or something you can offer that large numbers of people can

Yet there is also the possibility that the sudden drop in demand for Boeing products leads to layoffs. In that event, executives would consult an internal ranking system known as the “retention totem,” a reference to the totem poles of the Native Americans of the Pacific Northwest, where Boeing was founded and still has its

The Federal Reserve has put in motion two emergency lending programs that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak By CHRISTOPHER RUGABER AP Economics Writer March 17, 2020, 11:30 PM 4 min read WASHINGTON — The