Finance

Just as grocery stores have been stripped bare by Americans panicked by coronavirus, guns and ammo have been flying off the shelves too By LISA MARIE PANE Associated Press March 17, 2020, 12:02 AM 5 min read BOISE, Idaho — The world’s largest gun store, in metro Atlanta, has had lines that are six and […]

“Everyone is just trying to get by day to day at the moment,” said Krista Schwarz, an assistant professor of finance at the University of Pennsylvania’s Wharton business school. “Right now is not the time to grow the company — it’s the time to stay solvent.” Investors who buy company bonds are asking for higher

Amazon says it needs to hire 100,000 people across the U.S. to keep up with a crush of orders as the coronavirus spreads and keeps more people at home, shopping online By JOSEPH PISANI AP Retail Writer March 16, 2020, 10:10 PM 2 min read NEW YORK — Amazon said Monday that it needs to

On a recent day on the floor of the New York Stock Exchange, traders were cheek-to-cheek as stock prices flashed above them. They stood in clusters shouting, sharing screens, sharing pizza, sharing pens. They shook hands, leaned over shoulders, patted each others’ backs, hugged. There were no windows open. The New York Stock Exchange was

WASHINGTON — Senate Democrats are proposing a new coronavirus aid package, with at least $750 billion to boost hospital capacity, unemployment insurance and other direct aid for American households, businesses and the health care industry. Senate Democratic Leader Chuck Schumer is floating the proposal as Congress and the White House are quickly developing a third

The global economy is hurtling toward a disaster of historic proportions. Supply chains have been broken, businesses have been shuttered, and every measure that the United States can now take to slow the spread of the novel coronavirus pandemic will bring economic life to a standstill.  If people are to avoid contact with one another

U.S. airlines are asking the federal government for grants, loans and tax relief that could easily top $50 billion to help them recover from a sharp downturn in travel due to the new coronavirus March 16, 2020, 6:16 PM 2 min read U.S. airlines are asking the federal government for grants, loans and tax relief

NEW YORK — Overheard as the entertainment world stalled in response to the coronavirus outbreak: “What are we gonna do now, read books?” That’s exactly what Pamela Milam will be doing, and lots of them. Milam is a selection reader for the Women’s National Book Association, a nonprofit established in 1917 to support, well, reading.

Stocks dropped 8% in the first minutes of trading Monday on Wall Street and triggered another temporary halt to trading as huge swaths of the economy come closer to shutting down, from airlines to restaurants March 16, 2020, 1:58 PM 5 min read NEW YORK — Stocks dropped 8% in the first minutes of trading

European Union leaders are set to hold a virtual summit Tuesday to weigh steps the bloc is taking to combat the fast-moving coronavirus By LORNE COOK and SAMUEL PETREQUIN Associated Press March 16, 2020, 12:09 PM 3 min read BRUSSELS — European Union leaders are set to hold Tuesday a summit via video-conference on efforts