Major indexes jumped for the 3rd straight day, bringing the S&P 500 up 17 percent since Monday.
Julia McCue
Posted inBusiness, Local & State, News
Fishermen turn to direct marketing as demand for Maine seafood plummets
In the wake of the coronavirus outbreak, the elver season has been delayed and the lobster and soon-to-open scallop fishery are facing reduced demand.
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Posted inBusiness, Nation & World, News
U.S. jobless claims soar to record 3.3 million as layoffs jump
The surge in weekly applications was a stunning reflection of the damage the coronavirus outbreak is doing to the economy.
Posted inNation & World, News
Highlights of Congress’ $2.2 trillion virus relief package
The roughly $2.2 trillion package in relief from the impact of the coronavirus includes $500 billion for loans and guarantees for businesses and state and local governments.
Posted inNation & World, News
The Latest: All but 1 of China’s 55 new cases from overseas
The latest on the coronavirus pandemic from around the nation and world. BEIJING — China’s National Health Commission reported 55 new COVID-19 cases Friday, including 54 it says are imported infections in recent arrivals from overseas. Once again, no new cases were reported in Wuhan, the central Chinese provincial capital where the coronavirus emerged in […]
Posted inBusiness, Nation & World, News
Stocks score first back-to-back gains since sell-off began
But with widening swaths of the economy shutting down and layoffs mounting, economists are sure a steep drop-off is coming.
Posted inBusiness, Local & State, News
Maine secretary of state to determine validity of transmission corridor signatures
The secretary of state’s office must address whether some petitions used to put the proposed $1 billion New England Clean Energy Connect to a statewide vote were illegally obtained
Posted inBusiness, Nation & World, News
Federal income tax filing deadline is pushed back 3 months, to July 15
The administration used authority under President Trump’s national emergency declaration to change the tax deadline.
Posted inBusiness, Nation & World, News
Dow drops more than 900 points, ending worst week since 2008
Investors are worried that the coronavirus will plunge the U.S. and other major economies into deep recessions.
Posted inNation & World, News
Coronavirus latest: Lab supply shortages present new obstacle for virus testing in U.S.
The latest information on the coronavirus pandemic from around the world. Just as the federal government tries to ramp up nationwide screening, laboratory workers are warning of a new roadblock: dire shortages of testing supplies. The shortages are the latest stumble in a botched effort to track the spread of coronavirus that has left […]