×

Money & Markets

Disney World furloughing 43,000 more workers

ORLANDO, Fla. — Walt Disney World plans to stop paying wages to 43,000 workers in about a week while allowing them to keep their benefits for up to a year in what is the largest wave of furloughs since the theme park resort closed in mid-March because of the new coronavirus spread. ...

Apple, Google to harness phones for virus infection tracking

Apple and Google fueled hopes for digital technology’s promise against a fast-moving, invisible killer, announcing a joint effort to help public health agencies worldwide leverage smartphones to contain the COVID-19 pandemic. New software the companies plan to add to phones would make it ...

US gig workers and self-employed face delays in jobless aid

WASHINGTON — After Rich Cruse saw about $3,000 in income for his photography business quickly disappear to the coronavirus, he tried to apply for unemployment benefits in California. But like many states, his isn’t yet accepting claims from the self-employed like him. That’s left ...

HHS: Federal stocks of protective equipment nearly depleted

WASHINGTON — The Strategic National Stockpile is nearly out of the N95 respirators, surgical masks, face, shields, gowns and other medical supplies desperately needed to protect front-line medical workers treating coronavirus patients. The Department of Health and Human Services told the ...

Wall Street leaps 7%, markets rally worldwide on virus hopes

NEW YORK — Investors grabbed hold of a few glimmers of hope Monday that the coronavirus pandemic could be slowing and sent stocks surging in a worldwide rally, capped by a 7% leap for the U.S. market. The number of new coronavirus cases is dropping in the European hotspots of Italy and ...

Chaos and scrambling in the US oil patch as prices plummet

NEW YORK — In Montana, a father and son running a small oil business are cutting their salaries in half. In New Mexico, an oil truck driver who supports his family just went a week without pay. And in Alaska, lawmakers have had to dip into the state’s savings as oil revenue dries up. ...

Grocery workers are key during the virus. And they’re afraid

AUSTIN, Texas — Every day, grocery workers are restocking toilet paper, eggs, produce and canned goods as fast as the items fly off the shelves. They disinfect keypads, freezer handles and checkout counters as hundreds of people weave around them, sometimes standing too close for comfort ...

Trump, 3M clash over order to produce more face masks for US

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 ...

Memo: Some in US may not get stimulus checks until August

WASHINGTON — The federal government expects to begin making payments to millions of Americans under the new stimulus law in mid-April, but some people without direct deposit information may not get checks until mid-August or later, according to a memo obtained Thursday by The Associated ...

Dairy farmers begin to flush away milk due to coronavirus

WEST BEND, Wis. — Many dairy processing plants across Wisconsin have more product than they can handle and that’s forced farmers to begin dumping their milk down the drain. That’s the case at Golden E Dairy near West Bend. Farmer Ryan Elbe told WISN-TV they are dumping about about ...

A guide to surviving financially as the bills come due

The coronavirus has dealt a financial blow to millions of Americans and now April’s bills are coming due. The good news is there is help available. Reach out immediately to your mortgage lender, student loan servicer or utility provider to see what’s available. Other assistance, such as ...

What you need to do to get your government stimulus check

The IRS and the Treasury Department say Americans will start receiving their economic impact checks in the next three weeks. The payments are part of the $2.2 trillion rescue package signed into law last week by President Donald Trump aimed at combating the economic ravages of the coronavirus ...

Macy’s, Kohl’s, Gap to furlough majority of their workers

NEW YORK — Macy’s, Kohl’s and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of the pandemic. Macy’s said the majority of its 125,000 employees ...

Gas is cheap, but for many motorists there’s nowhere to go

DALLAS — U.S. gasoline prices have dropped to their lowest levels in four years, and they are almost sure to go lower as oil prices plunge. Price-tracking services put the national average Monday around $2 a gallon. Some stations were spotted charging under a dollar. But don’t expect a ...

Relief package billions can’t buy hospitals out of shortages

The billions of tax dollars headed for hospitals and states as part of the $2.2 trillion coronavirus response bill won’t fix the problem facing doctors and nurses: a critical shortage of protective gowns, gloves and masks. The problem isn’t a lack of money, experts say. It’s that ...

Trump signs $2.2T stimulus after swift congressional votes

WASHINGTON — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law Friday, after swift and near-unanimous action by Congress to support businesses, rush resources to overburdened health care providers and help struggling families during the deepening ...

Washington set to deliver $2.2 trillion virus rescue bill

WASHINGTON — With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S. economy and health care system. The House is set to pass the ...

Highlights of Congress’ economic relief plan

WASHINGTON — Partial highlights of a roughly $2 trillion package to rush aid to businesses, workers and a health care system slammed by the coronavirus pandemic. Details of the package, written by Trump administration officials and Democratic and Republican Senate leaders, were emerging ...

Potential virus treatment granted rare disease status

WASHINGTON — The pharmaceutical giant that makes a promising coronavirus drug has registered it as a rare disease treatment with U.S. regulators, a status that can potentially be worth millions in tax breaks and competition-free sales. What that specialty status will actually mean for the ...

Tensions rise as $2 trillion virus aid stalls in Washington

WASHINGTON — Tensions flared Monday as Washington strained to respond to the worsening coronavirus outbreak, with Congress arguing over a nearly $2 trillion economic rescue package and an impatient President Donald Trump musing openly about letting the 15-day shutdown expire. As the U.S. ...