U.S. 'wasted' months before preparing for virus pandemic
WASHINGTON (AP) — As the first alarms sounded in early January that an outbreak of a novel coronavirus in China might ignite a global pandemic, the Trump administration squandered nearly two months that could have been used to bolster the federal stockpile of critically needed medical supplies and equipment.
No COVID-19 testing at home yet but quicker options coming
WASHINGTON (AP) — Home testing for the new coronavirus may sound like a good idea, but U.S. regulators say it's still too risky. They've stopped companies that quickly launched home-testing kits until they can show their products can accurately detect the virus.
At funerals in virus outbreak, mourning is from a distance
LEXINGTON, S.C. (AP) — No one stands in line to embrace the widow and share memories of her husband of 50 years. No rows of family and friends file toward the flag-draped coffin to pay their last respects.
State unemployment systems tested by surge of applicants
Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief.
Saudi Arabia sharply rebukes Russia over oil price collapse
DUBAI, United Arab Emirates (AP) — Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers.
Trump, 3M clash over order to produce more face masks for US
President Donald Trump said Friday his administration will try to stop “profiteers” from exporting medical protective gear, shortly after picking a fight with manufacturing giant 3M, a major producer and exporter of face masks used to protect health care workers from the coronavirus.
Walmart limits store access; US airlines sign up for grants
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus.
White House convenes oil CEOs as bust threatens US boom
WASHINGTON (AP) — President Donald Trump offered assurances of better times and coronavirus tests to oil CEOs at a White House summit Friday, but no firm proposals for easing the industry's way as the coronavirus pandemic and plunging petroleum prices threaten America's yearslong fracking boom.
Small business relief program launches, hits snags
NEW YORK (AP) — The federal government’s $349 billion relief program for small businesses got off to a rocky start Friday as hundreds of thousands tried to apply for desperately needed loans.
Anick Jesdanun, longtime AP technology writer, dies at 51
He ran marathons on every continent, including Antarctica — 83 of them in all, many followed by a visit to an obscure craft brewery.
A bleak US jobs report likely portends even deeper losses
WASHINGTON (AP) — A grim snapshot of the U.S. job market's sudden collapse emerged Friday with a report that employers shed hundreds of thousands of jobs last month because of the viral outbreak that's brought the economy to a near-standstill.
Stocks drop as coronavirus crunches the job market, economy
NEW YORK (AP) — The stock market’s first reaction to Friday’s stunningly bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the likelihood that even worse numbers are on the way.
US long-term mortgages fall; 30-year at 3.33%
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week for the second straight week as anxiety has spiraled over devastation to the economy from the coronavirus pandemic.
Scramble for virus supplies strains global solidarity
ROME (AP) — San Marino needed medical masks. Badly. The tiny republic, wedged next to two of Italy’s hardest-hit provinces in the COVID-19 outbreak, had already registered 11 deaths by March 17 — a sizeable number in a country of just 33,000, and a harbinger of worse to come.
US service sectors slows in March
WASHINGTON (AP) — Growth in the U.S. service sector slowed in March with a much bigger decline expected in coming months from all the shutdowns and job layoffs that have occurred because of efforts to contain the coronavirus.
Jobs report Friday is expected to end record hiring streak
WASHINGTON (AP) — After a record 113 straight months of hiring, the government's monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus.
Local newspapers are facing their own coronavirus crisis
NEW YORK (AP) — Just when Americans need it most, a U.S. newspaper industry already under stress is facing an unprecedented new challenge.
Boost the schmooze? Trump wants tax dining deduction back
WASHINGTON (AP) — It may be an odd gesture at a time of social distancing, but President Donald Trump is leaning into his plea to Congress to restore full tax benefits prized by business for fine dining and schmoozing.
Asian stocks mixed after Wall Street rises on pricier oil
BEIJING (AP) — Asian stocks were mixed Friday after Wall Street gained for the first time in three days on stronger oil prices despite enduring uncertainty about how long the global economic decline due to the coronavirus pandemic will last.
Outbreak: bankruptcies, layoffs, quiet skies and empty rails
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Thursday related to the global economy, the work place and the spread of the virus.
Record jobless claims but Dems, GOP divide over rescue bill
WASHINGTON (AP) — Fresh data on Thursday that detailed a record avalanche of unemployment claims offered no signs of easing the rift between Democrats and Republicans over the need for new legislation financing infrastructure and other job-creation programs.
Drop in sales mean Powerball jackpots will get even smaller
DES MOINES, Iowa (AP) — Look for Powerball jackpots to get even smaller as the new coronavirus keeps more people at home, not out buying lottery tickets, officials said Thursday.
You've just lost your job? Here's what you need to know
WASHINGTON (AP) — Nearly 10 million Americans have lost their jobs and applied for unemployment benefits in the past two weeks — a stunning record high that reflects the near-complete shutdown of the U.S.
World Bank OKs first $1.9B for poor countries battling virus
WASHINGTON (AP) — The World Bank on Thursday approved its first funds to help some of the globe's poorer countries combat the coronavirus outbreak.
Trump says he expects Russia, Saudis to cut oil production
DUBAI (AP) — President Donald Trump said Thursday that he expects Saudi Arabia and Russia will dramatically cut production and end an oil war that sent energy prices to record lows.