Business News

Crocs Donating Shoes To Health Care Workers Amid…

​Health workers across the U.S. can request a free pair of the company's shoes through its website.

SeaWorld furloughs 90% of workers because of…

The coronavirus outbreak continues to shake up the business world

California restaurants say 30% to close without state aid

California's restaurant industry _ hit hard by restrictions to stop the spread of coronavirus _ is warning that 30% of its businesses could close permanently without help from the state

Singapore Airlines To Slash Operations Amid…

​The company said it will reduce capacity by 96% due to recent global border restrictions.

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The Latest: Illinois Gov. says infant with…

Illinois Gov. J

Unemployment To Hit 30% Because Of Coronavirus…

James Bullard told Bloomberg News the second quarter will likely see a 50% drop in gross domestic product as well.

California virus death toll surpasses 100…

With cases of coronavirus surging and the death toll surpassing 100, lawmakers are pleading with cooped-up Californians to spend a second weekend at home to slow the spread of the infections

Highlights of Trump-signed $2.2T economic relief package

The roughly $2.2 trillion economic relief bill that President Donald Trump signed into law has huge amounts of money for families, businesses and state and local governments

Handling mail amid coronavirus: Low risk but wash…

Health experts say there's very low risk of catching the coronavirus from handling mail and packages

PG&E to use wildfire victims fund to pay for past…

Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its crimes in a deadly wildfire by taking money away from a fund set up to compensate thousands of victims for their losses

Microsoft divests from Israeli facial-recognition startup

Microsoft says it is pulling its investments from a controversial facial-recognition startup that scans faces at Israeli military checkpoints

Cruise stocks sink after missing out on…

Congress has left cruise lines high and dry when it comes to emergency relief from the new virus outbreak

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Hilton, Gap fall; Sportsman's Warehouse rises

Stocks that moved heavily or traded substantially on Friday: Hilton, Gap fall; Sportsman's Warehouse rises

IMF head says global economy now in recession

The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn

How major US stock indexes fared Friday

Major U.S. stock indexes fell more than 3% on Wall Street Friday, giving back part of the gains they piled up over the past three days

Trump seeks to force General Motors to produce…

President Donald Trump has issued an order that seeks to force General Motors to produce ventilators for coronavirus patients under the Defense Production Act

Garment workers going unpaid as fashion labels…

A survey of factory owners in Bangladesh has found that major fashion retailers that are closing shops and laying off workers in Europe and the U.S. are also canceling their sometimes already completed orders, as workers often go unpaid

US consumer spending up modest 0.2% in February

US consumer spending up modest 0.2% in February before coronavirus began slamming eonomy

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National bills coming due, with risk; consumers…

This week, the U.S. reported that a staggering 3.3 million Americans applied for unemployment benefits last week, a five-fold increase over the last high sent in 1982

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

What you need to know today about the virus…

The U.S. House has approved a $2.2 trillion rescue package that was immediately signed by President Trump in a shared effort to shore up  a U.S. economy and health care system left flailing by the coronavirus pandemic