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

Nikki Haley Resigns From Boeing's Board Of…

The former U.S. ambassador to the U.N. resigned over the company's request for government aid in response to the coronavirus pandemic.

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

Unemployment Claims Rise Amid Outbreak

As coronavirus outbreak triggers layoffs, unemployment claims are on the rise.

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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

U.S. Automakers Willing To Produce Ventilators At…

Ventilators, which help patients breathe, are being used by hospitals to treat some of the more severe coronavirus cases.

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

New York Stock Exchange To Close Floor, Shift To…

​The NYSE's president said two people tested positive for the coronavirus but that the building has been cleaned since they were last inside.

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

Big Three Automakers Agree To Halt Production…

Ford, Fiat Chrysler and General Motors will stop production in North America.

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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

Federal Reserve Activates Economic Safeguards…

The Fed is using two emergency lending programs to help keep credit flowing.