The Federal Reserve says that it is activating a Main Street Business Lending Program authorized by the CARES Act.
Julia McCue
Wall Street caps best week since 1974 on latest Fed stunner
The central bank undertook actions to provide up to $2.3 trillion in loans to households, local governments and small and large businesses.
Record 16.8 million have sought U.S. jobless aid since virus
Ten percent of the U.S. labor force is now out of work.
The Strategic National Stockpile of protective equipment is nearly depleted
President Trump has faulted the states for not better preparing for the pandemic and has said they should only being relying on the federal stockpile as a last resort.
The Latest: California has its first daily decrease in ICU hospitalizations during the outbreak
The latest on the coronavirus pandemic. California saw its first daily decrease in intensive care hospitalizations during the coronavirus outbreak, a key indicator of how many health care workers and medical supplies the state needs, Gov. Gavin Newsom said Thursday. The rate of all virus hospitalizations has slowed this week. Those in the ICU need […]
‘Lean On Me,’ ‘Lovely Day’ singer Bill Withers dies at 81
His death comes as the public has drawn inspiration from his music during the coronavirus pandemic.
Bleak U.S. jobs report likely portends even deeper losses
Some economists now think the unemployment rate could go as high as 15% within the next month, the worst since the 1930s.
The Latest: Cuomo to seize ventilators for New York City’s overtaxed hospitals
The latest on the effects of the new coronavirus outbreak around the U.S. and the world: With coronavirus deaths surging in New York, Gov. Andrew Cuomo announced Friday that he will use his authority to seize ventilators and protective gear from private hospitals and companies that aren’t using them – one of the most aggressive […]
Review finds enough signatures to get CMP transmission corridor on ballot
The secretary of state invalidated hundreds of signatures that were collected to force a referendum on a hydropower transmission corridor, but enough remained to get the measure on the ballot.
Stocks are subdued early on after dismal report on layoffs
Traders say markets will be turbulent until numbers of new cases decline.