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The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Monday related to the global economy, the work place and the spread of … more
Stocks closed broadly higher on Wall Street Monday, propelling major indexes up more than 7%, as traders cheered glimmers of hope that the deadliness of the coronavirus outbreak could be slowing in … more
Benchmark crude oil fell $2.26 to settle at $26.08 a barrel Monday. Brent crude oil, the international standard, fell $1.06 to $33.05 a barrel. Wholesale gasoline rose 1 cent to 70 cents a gallon. … more
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday: Wayfair Inc., up $20.87 to $71.50. The online furniture seller reported strong demand and said it would meet or … more
NEW YORK (AP) — US stocks surge 7%, building on a global rally, on early signs that rate of increase in virus deaths could be slowing. more
WASHINGTON (AP) — The Federal Reserve will provide support to the government's new small business lending program in its latest attempt to smooth the flow of credit in the virus-stricken U.S. … more
Manufacturing giant 3M pushed back Friday against criticism from President Donald Trump over production of face masks that are badly needed by American health care workers. 3M said the … more
BERLIN (AP) — Austria and the Czech Republic said Monday they plan to relax some restrictions imposed because of the coronavirus starting after Easter, getting ahead of their European counterparts … more
BILLINGS, Mont. (AP) — A Canadian company said Monday that it's started construction on the long-stalled Keystone XL oil sands pipeline across the U.S.-Canada border despite calls from tribal … more
ORLANDO, Fla. (AP) — SeaWorld Entertainment's chief executive has resigned only five months into his job, becoming the third leader of the theme park company to depart in just over two years, … more
TOKYO (AP) — Japanese Prime Minister Shinzo Abe says that he will declare a state of emergency for Tokyo and six other prefectures as early as Tuesday to bolster measures to fight the coronavirus … more
NEW YORK (AP) — Stocks open 4% higher on Wall Street as traders grasp at some early signs of hope in battling the coronavirus outbreak. more
The new coronavirus made Dr. Jag Singh a patient at his own hospital. His alarm grew as he saw an X-ray of his pneumonia-choked lungs and colleagues asked his wishes about life support while wheeling … more
The economic fallout from the coronavirus pandemic could be profound. Many people are already losing jobs, with unemployment jumping at a record pace. Even those who stay employed may face reduced … more
NEW YORK (AP) — A bankruptcy court has approved the asset sale of one of the U.S.'s biggest dairy companies, Dean Foods. Dean Foods Co. got the go-ahead to sell $433 million worth of properties … more
A second U.S. company is poised to begin a small safety test of a vaccine against the new coronavirus. Inovio Pharmaceuticals said Monday that it has Food and Drug Administration permission for … more
FIUMICINO, Italy (AP) — Italy’s fishermen still go out to sea at night, but not as frequently in recent weeks since demand is down As a result, they are barely covering their expenses. An … more
DUBAI, United Arab Emirates (AP) — Dubai's state-backed developer Emaar said on Monday it sold an 80% share of its district cooling project around the Burj Khalifa, the world's tallest building, … more
As the coronavirus spread across the world and began its reach into the United States, an assortment of Americans from the president on down summoned one notion as they framed the emerging … more
A look at some of the key business events and economic indicators upcoming this week: JUST CHARGE IT The Federal Reserve issues its February snapshot of U.S. consumer borrowing Tuesday. The … more
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