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Business and Economic News

U.S. stocks are diving again. Dow drops 900 points

U.S. stocks are diving again. Dow drops 900 points

The Dow and other U.S. stock indexes fell sharply Friday afternoon after inching up earlier. That left the market poised to resume its downward trend amid the coronavirus crisis.
by Avie Schneider

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New restrictions coming on travel between U.S., Mexico

New restrictions coming on travel between U.S., Mexico

The U.S. and Mexico have been working on plans to limit cross-border traffic, according to officials on both sides of the border. The plan is expected to look much like restrictions already announced on all-but-essential travel and trade between the U.S. and Canada.
by The Associated Press

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Income tax filing deadline moved to July 15 from April 15

Income tax filing deadline moved to July 15 from April 15

Treasury Secretary Steven Mnuchin announced the decision in a tweet Friday saying that at President Trump's direction "we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties."
by The Associated Press

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U.S. orders up to a yearlong break on mortgage payments

U.S. orders up to a yearlong break on mortgage payments

The federal government is telling lenders to lower or suspend mortgage payments for up to 12 months for homeowners who have lost income due to the coronavirus outbreak.
by Chris Arnold

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Supermarkets add 'senior hours' for vulnerable shoppers

Supermarkets add 'senior hours' for vulnerable shoppers

Target, Safeway and others are restricting their opening hours, limiting purchases per each shopper and setting off time for seniors and other high-risk individuals to shop.
by Alina Selyukh

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Coronavirus shutdowns deal heavy blow to the arts

Coronavirus shutdowns deal heavy blow to the arts

Across the state Minnesota artists are finding themselves suddenly unemployed, with little financial relief in sight.
by Marianne Combs

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Funeral homes reevaluate how to hold services during pandemic

Funeral homes are now being forced to accommodate state guidelines regarding how many people can gather in one location.

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Coronavirus' economic impact will be felt widely, but unevenly

Coronavirus' economic impact will be felt widely, but unevenly

Few sectors will escape economic pain from the coronavirus outbreak. Some economists, however, are hopeful things can return to normal by the end of the year.
by Martin Moylan

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