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Worldwide stock rally accelerates on hopes for virus peak

Stocks around the world are jumping after some of the areas hardest hit by the coronavirus offered sparks of hope that the worst of the outbreak may be on the horizon
18 minutes ago
A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index in Hong Kong Monday, April 6, 2020. Asian shares and U.S. futures have rebounded as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas.(AP Photo/Vincent Yu)

Coronavirus exposes vulnerability of NYC museums and museum workers

Former workers speak about layoffs happening at major institutions.
19 minutes ago
The Museum of Modern Art stands in New York, March 13, 2020.

Nations flood economies with aid; airlines fly into storm

Central banks and governments continue to buy time, flooding their economies with trillions in aid
31 minutes ago
EasyJet planes parked on the tarmac at Luton Airport after the airline announced it has grounded its entire fleet of 344 aircraft due to the coronavirus pandemic, in Bedfordshire, England, Monday March 30, 2020.The highly contagious COVID-19 coronavirus has impacted on nations around the globe, many imposing self isolation and exercising social distancing when people move from their homes. (Jonathan Brady/PA via AP)

Work starts in Montana on disputed Canada-US oil pipeline

A Canadian company has started construction on the long-stalled Keystone XL oil sands pipeline despite calls from tribal leaders and environmentalists to delay the $8 billion project amid the coronavirus pandemic
1 hour ago
FILE - In this Oct. 29, 2019 file photo, opponents of the Keystone XL oil pipeline from Canada demonstrate in sub-freezing temperatures in Billings, Mont. Alberta is investing $1.1 billion in the disputed Keystone XL pipeline, a project that Alberta Premier Jason Kenney says is crucial for the province's economy. (AP Photo/Matthew Brown, File)

Virus puts event planning industry on brink of devastation

The events industry, which exists to bring people together, has been hit particularly hard by fallout from the coronavirus
1 hour ago
Arizona caterer Pat Christofolo, who owns Artisan by Santa Barbara Catering as well as The Farm at South Mountain, pauses at a large garden on property at The Farm has had business drop off due to the coronavirus shown here Wednesday, April 1, 2020, in Phoenix. (AP Photo/Ross D. Franklin)

Federal Reserve to smooth lending to small businesses

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. economy
1 hour ago
FILE - In this Nov. 13, 2019, file photo Federal Reserve Board Chair Jerome Powell testifies on the economic outlook, on Capitol Hill in Washington. On Wednesday, Jan. 29, 2020, the Federal Reserve issues a statement and economic projections, followed by a news conference with Fed Chair Jerome Powell. (AP Photo/Jose Luis Magana, File)

Governors plead for food stamp flexibility amid pandemic

There are only a handful of states in the country where food aid recipients can buy groceries online
2 hours ago

Cracks in Europe's shared currency reappear in virus crisis

The virus outbreak is exposing longstanding cracks in the euro, Europe's two-decade old project to share a currency
2 hours ago
A food delivery rider passes by a banner reading ' Stronger together, all together we will make it ', in Milan, Italy, Sunday, April 5, 2020. The government is demanding Italians stay home and not take the leveling off of new coronavirus infections as a sign the emergency is over, following evidence that more and more Italians are relaxing restrictions the west’s first and most extreme nationwide lockdown and production shutdown. (Claudio Furlan/LaPresse via AP)

US 'wasted' months before preparing for coronavirus pandemic

The first alarms sounded in early January that the outbreak of a novel coronavirus in China would ignite a global pandemic
2 hours ago
FILE - In this March 24, 2020, file photo stacks of medical supplies are housed at the Jacob Javits Center that will become a temporary hospital in response to the COVID-19 outbreak in New York. A review of federal purchasing contracts by The Associated Press shows federal agencies waited until mid-March to begin placing bulk orders of N95 respirator masks, mechanical ventilators and other equipment needed by front-line health care workers. (AP Photo/John Minchillo, File)

Coronavirus economic updates: US financial markets see early rally

The health crisis has quickly turned into an economic one.
3 hours ago
A Wall St. street sign is framed by U.S. flags flying outside the New York Stock Exchange in New York, Jan. 3, 2020.

SeaWorld CEO resigns five months into job, cites board

SeaWorld Entertainment’s chief executive has resigned only five months into his job
4 hours ago
FILE - This Jan. 31, 2017, file photo, shows the entrance to SeaWorld, in Orlando, Fla. SeaWorld Entertainment is furloughing 90% of its workers because the novel coronavirus had forced the company to close its 12 theme parks. The employees will be paid through the beginning of next week. After next week, the workers will be off without pay for an uncertain time, the Orlando-based company said Friday, March 27, 2020, in a Securities and Exchange Commission filing. (AP Photo/John Raoux, File)

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

Grocery workers across the globe are working the frontlines during lockdowns meant to keep the coronavirus from spreading
April 6, 2020, 2:30 PM
Cashiers work in a grocery store in the Bushwick neighborhood of Brooklyn during the COVID-19 pandemic,  on April 2, 2020, in New York City.

Coronavirus patients rush to join studies of Gilead drug

Coronavirus patients around the world are rushing to join studies of an experimental drug that showed promise against some similar viruses in the past
April 6, 2020, 1:12 PM

Court approves Dean Foods asset sale

A bankruptcy court has approved the asset sale of one of the U.S.’s biggest dairy companies, Dean Foods
April 6, 2020, 12:51 PM

US company poised to start COVID-19 vaccine safety test

A second U.S. company is poised to begin a small safety test of a vaccine against the new coronavirus
April 6, 2020, 12:51 PM

This Week: Debt tally, PriceSmart earns, consumer sentiment

The Federal Reserve issues its February tally of U.S. consumer borrowing Tuesday
April 6, 2020, 5:10 AM

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

Grocery workers across the globe are working the frontlines during lockdowns meant to keep the coronavirus from spreading
April 6, 2020, 4:42 AM

Chaos and scrambling in the US oil patch as prices plummet

The global economic crisis caused by coronavirus has devastated the oil industry in the U.S., which pumps more crude than any other country
April 6, 2020, 4:28 AM

Shares rebound on glimmers of progress in battling virus

Asian shares and U.S. futures have rebounded as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas
April 6, 2020, 4:19 AM
A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index in Hong Kong Monday, April 6, 2020. Asian shares and U.S. futures have rebounded as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas.(AP Photo/Vincent Yu)

U.S. 'wasted' months before preparing for virus pandemic

The first alarms sounded in early January that the outbreak of a novel coronavirus in China would ignite a global pandemic
April 6, 2020, 4:02 AM
FILE - In this March 24, 2020, file photo stacks of medical supplies are housed at the Jacob Javits Center that will become a temporary hospital in response to the COVID-19 outbreak in New York. A review of federal purchasing contracts by The Associated Press shows federal agencies waited until mid-March to begin placing bulk orders of N95 respirator masks, mechanical ventilators and other equipment needed by front-line health care workers. (AP Photo/John Minchillo, File)

Boeing to continue production shutdown due to coronavirus

Boeing says it will continue its shutdown of production indefinitely at its Seattle area facilities due to the spread of the coronavirus
April 5, 2020, 10:28 PM
FILE - In this Monday, March 23, 2020, file photo, a worker walks near a mural of a Boeing 747-8 airplane at the company's manufacturing facility in Everett, Wash., north of Seattle. In an email to Washington employees on Sunday, April 5, 2020, the company says due to coronavirus concerns, it is extending a planned two-week shutdown rather than reopening Wednesday, April 8. The decision affects about 30,000 of Boeing's 70,000 employees in the state. Employees are receiving their regular salaries during the two-week shutdown, but will have to transition to vacation or sick leave after that. (AP Photo/Ted S. Warren, File)

Europe sees more signs of hope as Italy's virus curve falls

Europe is seeing further signs of hope in the coronavirus outbreak as Italy’s daily death toll was at its lowest in more than two weeks and its infection curve was finally on a downward slope
April 5, 2020, 7:52 PM
Soldiers patrol in front of the Duomo gothic cathedral in Milan, Italy, Sunday, April 5, 2020. The government is demanding Italians stay home and not take the leveling off of new coronavirus infections as a sign the emergency is over, following evidence that more and more Italians are relaxing restrictions the west’s first and most extreme nationwide lockdown and production shutdown. (Claudio Furlan/LaPresse via AP)

No COVID-19 testing at home yet but quicker options coming

Home testing for the new coronavirus may sound like a good idea, but U.S. regulators say it’s still too risky
April 5, 2020, 2:45 PM

Insider Q&A: 'Everyone will suffer' from US-China spat

Craig Allen, president of the U.S.-China Business Council, worries that “everyone will suffer'' if U.S.-China relations continue to deteriorate
April 5, 2020, 2:30 PM
This undated photo provided by the US-China Business Council in March 2020 shows Craig Allen, president of the U.S.-China Business Council. In a March interview amid the global COVID-19 coronavirus outbreak, Allen said that the United States and China together comprise as much as 40% of the global economy. If U.S.-China relations continue to deteriorate, everyone will suffer. (Kaveh Sardari/USCBC via AP)

Seafood industry struggling to stay afloat amid outbreak

The seafood industry has been upended by the spread of the coronavirus, which has halted restaurant sales and sent fishermen and dealers scrambling for new markets
April 5, 2020, 2:06 PM
In this Wednesday, March 25, 2020, photo a fishing boat unloads its catch including just two greysole at the Portland Fish Exchange in Portland, Maine. The Fish Exchange usually moves 60,000 pounds per week but has seen numbers drop by a third since the coronavirus outbreak. (AP Photo/Robert F. Bukaty)

At funerals in virus outbreak, mourning is from a distance

Funerals are seeing big changes amid the coronavirus outbreak
April 4, 2020, 5:31 PM
In this Friday, April 3, 2020, photo, a tablet livestreams the funeral of J. Robert Coleman in Lexington, S.C. Following CDC guidelines during the coronavirus outbreak, Thompson Funeral Homes asked Coleman's family to invite fewer than 10 people to his service. (AP Photo/Sarah Blake Morgan)

Saudi Arabia sharply rebukes Russia over oil price collapse

Saudi Arabia has sharply criticized Russia over what it described as Moscow blaming the kingdom for the collapse in global energy prices
April 4, 2020, 9:30 AM
Gas USA is selling gas for 97.9 cents a gallon, Monday, March 30, 2020, in Cleveland. Oil started the year above $60 and has plunged on expectations that a weakened economy will burn less fuel. The world is awash in oil, meanwhile, as producers continue to pull more of it out of the ground. (AP Photo/Tony Dejak)

Anick Jesdanun, longtime AP technology writer, dies at 51

Anick Jesdanun, deputy technology editor for The Associated Press, has died in New York City of coronavirus complications
April 4, 2020, 12:04 AM
This April 2, 2017 photo, shows Anick Jesdanun in New York. Jesdanun, 51, deputy technology editor for The Associated Press, died in New York City on Thursday, April 2, 2020, of coronavirus-related complications, his family said. For two decades, he was a journalist who helped a generation of readers understand the emerging internet and its impact on the world. (AP Photo/Mae Anderson)

Walmart limits store access; US airlines sign up for grants

Walmart says it will now allow no more than five customers for each 1,000 square feet at a given time, roughly about 20% of the average store’s capacity
April 4, 2020, 12:04 AM
An operator wearing a face mask to protect himself against the spread of Covid-19 stacks boxes of medical supplies from Chinese charity Jinde Charities at the Italian charity Caritas Ambrosiana logistic center in Burago, in Monza Brianza, northern Italy, Wednesday, April 1, 2020. From tiny San Marino wedged next to two of Italy's hardest-hit provinces in the coronavirus outbreak to more economically powerful nations like Italy, countries are running up against export bans and seizures in the scramble for vital medical supplies. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Caritas Ambrosiana via AP)

What to know about hazard pay if you're working during coronavirus crisis

Many grocers have announced $2 bonuses for front line workers.
April 3, 2020, 10:36 PM
Cashiers work in a grocery store in the Bushwick neighborhood of Brooklyn during the COVID-19 pandemic,  on April 2, 2020, in New York City.

Small business relief program launches, hits snags

The federal government’s $349 billion relief program for small businesses got off to a rocky start Friday as hundreds of thousands tried to apply for desperately needed loans
April 3, 2020, 10:35 PM
FILE - In this Thursday, April 2, 2020 file photo, Jovita Carranza, administrator of the Small Business Administration, speaks about the coronavirus in the James Brady Press Briefing Room of the White House n Washington, as Vice President Mike Pence, President Donald Trump listen. Millions of small businesses are expected to apply for a desperately needed rescue loan Friday, a stern test for a banking industry that has had less than a week to prepare for the deluge. Small businesses will be seeking loans from the $349 billion Paycheck Protection Program, which was put in place to help them retain workers and pay bills during the coronavirus pandemic. (AP Photo/Alex Brandon, File)

A bleak US jobs report likely portends even deeper losses

A grim picture of the U.S. job market’s sudden collapse emerged Friday with a report that employers shed hundreds of thousands of jobs last month because of the viral outbreak that’s brought the economy to a near-standstill
April 3, 2020, 8:51 PM
A pedestrian walks by The Family Barbershop, closed due to a Gov. Gretchen Whitmer executive order, in Grosse Pointe Woods, Mich., Thursday, April 2, 2020. The coronavirus COVID-19 outbreak has triggered a stunning collapse in the U.S. workforce with millions of people losing their jobs in the past two weeks and economists warn unemployment could reach levels not seen since the Depression, as the economic damage from the crisis piles up around the world. (AP Photo/Paul Sancya)

Stocks drop as coronavirus crunches the job market, economy

Stocks fell Friday following the latest grim reading of the coronavirus outbreak's economic toll
April 3, 2020, 8:40 PM
A currency trader checks the temperature of his colleague at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, April 3, 2020. Asian stocks were mixed Friday after Wall Street gained for the first time in three days on stronger oil prices despite enduring uncertainty about how long the global economic decline due to the coronavirus pandemic will last. (AP Photo/Ahn Young-joon)

How major US stock indexes fared Friday

Stocks closed broadly lower on Wall Street Friday following the latest grim snapshot of the toll the coronavirus is having on the labor market as the economy grinds to a halt
April 3, 2020, 8:39 PM

Tesla, Dave & Buster rise; Chewy, Macquarie fall

Stocks that moved heavily or traded substantially on Friday: Tesla, Dave & Buster rise; Chewy, Macquarie fall
April 3, 2020, 8:22 PM

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels
April 3, 2020, 8:19 PM

Coronavirus economic updates: US cuts 701K jobs in March, unemployment rate at 4.4%

The new jobs report show the first impacts of the outbreak on the labor market.
April 3, 2020, 8:18 PM
People queue to enter Payomatic, a business that offers check cashing, as unemployment claim figures were released, during the coronavirus disease (COVID-19) outbreak in Manhattan, New York City, April 2, 2020.

Marvel remakes release calendar; 'Mulan' moves to late July

The Walt Disney Co. has overhauled its release schedule, moving the dates of half a dozen Marvel movies
April 3, 2020, 7:19 PM
This image released by Disney/Marvel Studios' shows Scarlett Johansson in a scene from "Black Widow." The Walt Disney Co. on Friday overhauled its release schedule, moving the dates of half a dozen Marvel movies. “Black Widow,” which had been set to kick off the summer movie season, will now open Nov. 6. (Marvel Studios/Disney via AP)

3M fires back at Trump over order to produce more face masks

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
April 3, 2020, 6:52 PM
FILE - In this March 5, 2020, file photo, Dr. Deborah Birx, Ambassador and White House coronavirus response coordinator, holds a 3M N95 mask as she and Vice President Mike Pence visit 3M headquarters in Maplewood, Minn., in a meeting with the company's leaders and Minnesota Gov. Tim Walz to coordinate response to the COVID-19 coronavirus. On Friday, April 3, 2020, the manufacturing giant pushed back against criticism from Trump over production of face masks that are badly needed by American health care workers. 3M said the administration asked it to stop exporting medical-grade masks to Canada and Latin America, which the company said raises “significant humanitarian implications” and will backfire by causing other countries to retaliate against the U.S. (Glen Stubbe/Star Tribune via AP, File)/Star Tribune via AP)

Putin suggests sizable oil production cut as prices fall

Russian President Vladimir Putin says he supports cutting oil production by about 10 million barrels a day to shore up falling prices
April 3, 2020, 6:28 PM

Scramble for virus supplies strains global solidarity

From tiny San Marino, wedged next to two of Italy's hardest-hit provinces in the coronavirus outbreak, to more economically powerful nations like Italy, countries are running up against export bans and seizures in the scramble for vital medical supplies
April 3, 2020, 4:18 PM
FILE - In this March 22, 2020 file photo distributed by Russian Defense Ministry Press Service, a military truck loads medical supplies for Italy on a board of an Il-76 cargo plane in Chkalovsky military airport outside Moscow, Russia. From tiny San Marino wedged next to two of Italy's hardest-hit provinces in the coronavirus outbreak to more economically powerful nations like Italy, countries are running up against export bans and seizures in the scramble for vital medical supplies. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Alexei Yereshko, Russian Defense Ministry Press Service via AP)

Activity in the US service sector slows in March to an index reading of 52.5 with bigger virus-related slowdown expected

Activity in the US service sector slows in March to an index reading of 52.5 with bigger virus-related slowdown expected
April 3, 2020, 2:15 PM

Jobs report Friday is expected to end record hiring streak

After a record 113 straight months of hiring, the government’s monthly jobs report Friday is expected to show that the American jobs machine came to a sudden halt in March as a result of the coronavirus
April 3, 2020, 11:09 AM
A carpenter, who declined to be identified, cuts plywood to cover a closed store where artwork in support of people affected by the coronavirus already covers an adjacent panel in downtown Seattle, Thursday, April 2, 2020. The number of people seeking unemployment benefits in Washington set a new record last week, with tens of thousands more people in the state filing new claims as non-essential businesses remain closed due to the ongoing coronavirus pandemic. (AP Photo/Elaine Thompson)

Local newspapers are facing their own coronavirus crisis

Just when Americans need it most, a U.S. newspaper industry already under stress is facing an unprecedented new challenge
April 3, 2020, 9:16 AM

Asian stocks tumble after Wall Street rises on pricier oil

Asian stock markets have tumbled after soaring U.S. job losses tempered enthusiasm over a possible deal to stabilize oil prices amid anxiety over the global slump caused by the coronavirus pandemic
April 3, 2020, 5:56 AM
A currency trader checks the temperature of his colleague at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, April 3, 2020. Asian stocks were mixed Friday after Wall Street gained for the first time in three days on stronger oil prices despite enduring uncertainty about how long the global economic decline due to the coronavirus pandemic will last. (AP Photo/Ahn Young-joon)

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

The federal government is sending financial help to millions, but the timing of those payments may vary
April 3, 2020, 4:47 AM
President Donald Trump signs the coronavirus stimulus relief package in the Oval Office at the White House, Friday, March 27, 2020, in Washington, as Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell, R-Ky., House Minority Leader Kevin McCarty, R-Calif., and Vice President Mike Pence watch. (AP Photo/Evan Vucci)

Boost the schmooze? Trump wants tax dining deduction back

At a time of social distancing, President Donald Trump is leaning into his plea to Congress to restore full tax benefits prized by business for fine dining and schmoozing
April 3, 2020, 4:41 AM

Can you fix ventilators? A fuel cell engineer figures it out

The COVID-19 outbreak has prompted companies large and small to rethink how they do business
April 3, 2020, 4:38 AM
FILE - In this March 28, 2020, file photo, David Yee, an NPI mechanical engineer, tests voltage of new batteries at Bloom Energy in Sunnyvale, Calif. The COVID-19 outbreak has prompted companies large and small to rethink how they do business. Bloom Energy makes hydrogen fuel cells. But recently, they have been refurbishing old ventilators so hospitals can use them to keep coronavirus patients alive. (Beth LaBerge/KQED via AP, Pool, File)

Asian stocks mixed after Wall Street rises on pricier oil

Asian stock markets are mixed after Wall Street gained for the first time in three days on rising oil prices
April 3, 2020, 3:53 AM
People walk past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, April 2, 2020. Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak's global economic cost increased.(AP Photo/Kin Cheung)

AP-NORC poll: About half of workers lose income due to virus

About half of all working Americans say they or a member of their household have lost some kind of income due to the coronavirus pandemic, with low-income Americans and those without college degrees especially likely to have lost a job
April 3, 2020, 12:04 AM
FILE - In this March 17, 2020 file photo, people wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas. About half of all working Americans say they or a member of their household have lost some kind of income due to the coronavirus pandemic, with low-income Americans and those without college degrees especially likely to have lost a job. That's according to a new poll from The Associated Press-NORC Center for Public Affairs Research. (AP Photo/John Locher)