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The U.S. commercial fishing fleet is tied up dockside, and sales are off as much as 95 percent. Many fisheries won’t survive.
The Trump administration has approved roughly $100 billion of the $350 billion allocated for emergency loans to small businesses devastated by the coronavirus outbreak, Treasury Secretary Steven Mnuchin told lawmakers on Wednesday.
With U.S. stocks down more than 20% from their February highs, investors who had taken money out of equities and corporate debt and put that money into cash in recent weeks have avoided a great deal of pain.
Plants across the U.S. are starting to reduce output or idle as cases spread from the main cities to rural America. Outbreaks have occurred in factories across the country in recent weeks, with hundreds of workers being sent home.
Roy Rogers, Friendly's and more have been closing across the US.
Stocks ended sharply higher Wednesday after Sen. Bernie Sanders dropped out of the presidential race, relieving some of Wall Street’s political concerns amid the economic crisis stemming from the coronavirus.
One nurse characterized the situation as: “You’re a hero, but also we don’t value you enough to prepare or pay you.”
Costco Wholesale Corp. March net sales rise nearly 12%, including a 48% jump in online sales, as the coronavirus pandemic began to keep swaths of the U.S. population confined to their homes.
Checks to arrive by April 15 for millions of taxpayers. A new portal where some can supply direct deposit information could be out next week.
Sen. Kelly Loeffler and her husband Jeff Sprecher, CEO of the owner of the New York Stock Exchange, were criticized for selling millions of dollars in stock amid the coronavirus pandemic.
Fears of feed mill closures and trucking delays are driving the market.
This month, fewer cars will be built in the United States than at any time since World War II. Auto production has ground to a near total halt because of the coronavirus outbreak.
The only way that customers can shop for these nonessential items is by using online delivery services or curbside pickup.
President Trump on March 27 signed into law the $2 trillion stimulus package designed to save millions of jobs and bail out companies devastated by the coronavirus.
Tesla will cut salaries by as much as 30% and furlough workers in the wake of the electric carmaker's forced production wind-down due to the coronavirus pandemic.
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