Economy

A medic of the Elmhurst Hospital Center medical team reacts after stepping outside of the emergency room, Saturday, April 4, 2020, in the Queens borough of New York. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Mary Altaffer)
April 04, 2020 - 4:21 pm
This past week, New York got worse — far worse. In New York City, as morgue space ran out, people started wondering where the bodies will go and the funeral industry struggled to keep up. On the streets of a city accustomed to the exact opposite of social distancing, New Yorkers found a new,...
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In this photo made on, April 2, 2020, nurse anesthetist Jessica Poole checks for updates on the coronavirus pandemic in her home office in Greensburg, Pa. Poole, until a couple weeks ago, worked for a private anesthesia practice that serves the Pittsburgh area until she was laid off. She is one of the tens of thousands of medical workers across the United States suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning. (AP Photo/Keith Srakocic)
April 04, 2020 - 11:17 am
HARRISBURG, Pa. (AP) — Tens of thousands of medical workers across the United States are suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning...
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In this March 27, 2020 photo, Kim Simeon and children Annabel, 9, and Brennan, 11, pose for a photo with Nala, a dog they are fostering, in Omaha, Neb. The Simeon family was headed home to Omaha from a much-needed Smoky Mountains vacation when Kim Simeon spotted a social media post from the Nebraska Humane Society, pleading with people to consider fostering a pet. (AP Photo/Nati Harnik)
April 04, 2020 - 9:13 am
OMAHA, Neb. (AP) — The Simeon family was heading home to Omaha from a Smoky Mountains vacation when Kim Simeon spotted a social media post from the Nebraska Humane Society, pleading with people to consider fostering a pet amid concerns about how the coronavirus would affect operations. A day later...
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FILE - In this Wednesday, March 18, 2020 file photo, Visitors to the Department of Labor are turned away at the door by personnel due to closures over coronavirus concerns in New York. Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief. (AP Photo/John Minchillo, File)
April 04, 2020 - 9:10 am
Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief. State websites and phone lines across the country have been overwhelmed with applicants — causing sites to crash, phone lines to ring busy and much-needed...
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FILE- This Oct. 9, 2018, file photo shows an oil rig and pump jack in Midland, Texas. Goldman Sachs is warning of another sharp drop in oil prices, Thursday, March 26, 2020, saying some oil producers are eventually going to have to shut some wells because the coronavirus outbreak is crushing demand. (Jacob Ford/Odessa American via AP, File, File)
April 04, 2020 - 12:38 am
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. Oil prices sharply fell after the...
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FILE - In this March 5, 2020, file photo, Dr. Deborah Birx, Ambassador and White House coronavirus response coordinator, holds a 3M N95 mask as she and Vice President Mike Pence visit 3M headquarters in Maplewood, Minn., in a meeting with the company's leaders and Minnesota Gov. Tim Walz to coordinate response to the COVID-19 coronavirus. On Friday, April 3, 2020, the manufacturing giant pushed back against criticism from Trump over production of face masks that are badly needed by American health care workers. 3M said the administration asked it to stop exporting medical-grade masks to Canada and Latin America, which the company said raises “significant humanitarian implications” and will backfire by causing other countries to retaliate against the U.S. (Glen Stubbe/Star Tribune via AP, File)/Star Tribune via AP)
April 03, 2020 - 8:37 pm
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. 3M argued that...
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FILE - In this Feb. 4, 2020, file photo, President Donald Trump look to the first lady's box before delivering his State of the Union address to a joint session of Congress in the House Chamber on Capitol Hill in Washington, as Vice President Mike Pence and Speaker Nancy Pelosi watch. Trump and Pelosi have not spoken in five months at a time when the nation is battling its worst health crisis in a century. (Leah Millis/Pool via AP)
April 03, 2020 - 7:40 pm
WASHINGTON (AP) — Two of the most powerful people in Washington haven't spoken in five months at a time when the nation is battling its worst health crisis in a century, one that has already killed more than 6,000 Americans and put 10 million others out of work. President Donald Trump and House...
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Home Depot customers carry their purchases as they leave the store, Friday, April 3, 2020 during the coronavirus pandemic in New York. (AP Photo/Mark Lennihan)
April 03, 2020 - 7:15 pm
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. ____________ COSTS MOUNT: The pandemic will cost the global economy as much as $4.1...
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April 03, 2020 - 4:20 pm
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. Home-loan rates have been hitting all-time lows. Mortgage buyer Freddie Mac reported Thursday that the average rate on...
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A pedestrian walks by The Family Barbershop, closed due to a Gov. Gretchen Whitmer executive order, in Grosse Pointe Woods, Mich., Thursday, April 2, 2020. The coronavirus COVID-19 outbreak has triggered a stunning collapse in the U.S. workforce with millions of people losing their jobs in the past two weeks and economists warn unemployment could reach levels not seen since the Depression, as the economic damage from the crisis piles up around the world. (AP Photo/Paul Sancya)
April 03, 2020 - 2:17 pm
WASHINGTON (AP) — A record-long streak of U.S. job growth ended suddenly in March after nearly a decade, as employers slashed hundreds of thousands of jobs because of the viral outbreak that has all but shut down the U.S. economy. The unemployment rate jumped to 4.4% from a 50-year low of 3.5%. The...
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