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Business and Economic News

U.S. stocks jump as White House plans $1 trillion stimulus

U.S. stocks jump as White House plans $1 trillion stimulus

In a rebound from its record plunge, the Dow gained more than 1,000 points as the White House planned a massive stimulus package and the Fed set up a new loan program to boost the economy.
by Avie Schneider

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Poll: Nearly 1 in 5 households have lost work because of pandemic

Poll: Nearly 1 in 5 households have lost work because of pandemic

Nearly 20% of U.S. households have experienced either a layoff or a reduction in work hours because of the coronavirus, according to a new NPR/PBS Newshour/Marist poll.
by Camila Domonoske

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Mall of America closes due to COVID-19 concerns

Mall of America closes due to COVID-19 concerns

The Mall of America will close temporarily beginning at 5 p.m. Tuesday until at least March 31.
by MPR News Staff

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White House seeks $850B economic stimulus amid virus crisis

White House seeks $850B economic stimulus amid virus crisis

The White House is proposing a roughly $850 billion emergency stimulus to address the economic cost of the new coronavirus. The request will be outlined to Senate Republicans Tuesday and will aim to provide relief for small businesses and the airline industry and include a massive tax cut for wage-earners.
by The Associated Press

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Workers affected by coronavirus can apply for unemployment

Workers affected by coronavirus can apply for unemployment

The Minnesota Department of Employment and Economic Development is encouraging people who’ve lost work because of the novel coronavirus to apply for unemployment benefits promptly.
by Martin Moylan

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Stocks go into shock. Dow plunges nearly 3,000

Stocks go into shock. Dow plunges nearly 3,000

The Dow tumbled nearly 13 percent after the Federal Reserve aggressively cut interest rates to near zero and as the nation imposed more restrictions in an effort to curb the spread of the coronavirus.
by Avie Schneider

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Tenn. brothers donate sanitizer products bought for resale

Thousands of bottles of hand sanitizer and packs of antibacterial wipes and medical masks have been donated after a failed attempt by two Tennessee brothers to resell them for profit.
by The Associated Press

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Work and kids suddenly all home? Be flexible and patient, experts say

Work and kids suddenly all home? Be flexible and patient, experts say

With businesses and schools closing their buildings to stop the spread of the coronavirus, many Minnesotans are quickly learning the realities of working from home. Making it work involves planning and some ingenuity, particularly if there are children at home.
by Euan Kerr

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U.S. moves nearer to shutdown amid coronavirus fears

U.S. moves nearer to shutdown amid coronavirus fears

Officials across the country curtailed many elements of American life to fight the coronavirus outbreak on Sunday, with health officials recommending that groups of 50 or more don't get together and a government expert saying a 14-day national shutdown may be needed.
by The Associated Press

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