A double whammy of economic data showing the U.S. economy in a deep downturn and reports of persistent crude oil oversupply and collapsing demand slammed global markets on Wednesday as vivid reminders of the damage from coronavirus-related lockdowns.
Charles Calvin was waiting for his $1,700 government stimulus check. What he saw on his bank balance made him do a double take.
Americans have reported losing more than $13 million to coronavirus-related scams since the beginning of the year, according to the Federal Trade Commission.
From solar panel installers to electric vehicle factory workers, the clean energy sector lost more than 100,000 U.S. jobs in March as stringent measures to control the new coronavirus shut down manufacturing and halted plans for home and business upgrades.
The Trump administration plans to buy milk and meat from U.S. farmers as part of an initial $15.5 billion effort to help them weather the impact of the coronavirus outbreak, Agriculture Secretary Sonny Perdue said on Wednesday.
"It's a tremendous program to keep our business afloat," said one small business owner.
A handful of states are requiring insurers to provide extra time for consumers to make those payments without facing cancellation of their policies, and many insurance companies are providing relief even if not required to.
Apple Inc on Wednesday released a smaller iPhone priced at $399, cutting the starting price for the company's smartphone line in a move to broaden its appeal to budget-conscious customers as the coronavirus hobbles the global economy.
The millions of bits of cellphone data tracked by analytics firm Unacast show the economic impact of the coronavirus spreading across the United States like a deep freeze - long-distance travel was hit early on, but eventually overall retail foot traffic slowed to a crawl, too.
International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday the Fund was deploying all its resources and was looking to triple its concessional financing for the poorest countries to over $18 billion.
If you receive Supplemental Security Income from the government, you will get your coronavirus stimulus payment by early May. If you have qualifying dependents who should receive payments, you need to register on the government web portal. Here's what you need to know.
Johanna Mann has tried to apply for a small-business loan to keep her pie shop in Amherst, Ohio, afloat during the coronavirus pandemic. She can't find a bank to give her one.
Harley-Davidson Inc said on Wednesday it had temporarily laid off most of its global production employees and implemented salary cuts in a bid to lower costs as the coronavirus pandemic has hurt its business.
Numerous major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said.
Amazon's moves to reduce strain on its grocery businesses by putting new online shoppers on wait lists and switching more Whole Foods resources to filling orders, is unmasking limitations at the company that was expected to upend the supermarket industry.