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Business and Economic News

Trump calls on Americans to cease hoarding food, supplies

Trump calls on Americans to cease hoarding food, supplies

President Trump on Sunday called on Americans to cease hoarding groceries and other supplies, while the government’s top infectious disease expert said he would like to see aggressive measures such as a 14-day national shutdown.
by The Associated Press

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Illinois shuts down bars, restaurants due to coronavirus

The governor of Illinois on Sunday ordered all bars and restaurants in his state to close amid the threat of the new coronavirus, and officials elsewhere in the country said they were considering similar restrictions after revelers ignored warnings against attending large gatherings.
by The Associated Press

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Fed slashes rates to near zero, eases bank lending rules

Fed slashes rates to near zero, eases bank lending rules

The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero, and also announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak.
by The Associated Press

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Apple temporarily shuts stores worldwide to fight virus

Apple temporarily shuts stores worldwide to fight virus

Tech giant Apple is closing its stores outside of China for two weeks and will only sell online as part of efforts to fight the global viral pandemic.
by The Associated Press

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How 'Med City' prepares for pandemic

How 'Med City' prepares for pandemic

In Rochester, a city dominated by health care, health and local officials are facing some unique challenges when it comes to preparing for COVID-19.
by Catharine Richert

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Minneapolis City Council OKs deal to close Minnesota's last Kmart

Minneapolis City Council OKs deal to close Minnesota's last Kmart

The Minneapolis City Council on Friday approved the termination of its lease agreement with Kmart. The city will pay more than $9 million to end the contract the city signed more than 40 years ago.
by Brandt Williams

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What’s happening to how we work?

What’s happening to how we work?

Employees are doing more with less in an increasingly technological world. We talk with two occupation and management experts about how the idea of the “good job” has changed and what it means for workers with the continued spread of the novel strain of coronavirus and in the future.
by Chris Farrell and Breann Schossow

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Dow soars nearly 2,000 points in rebound from biggest drop since 1987

Dow soars nearly 2,000 points in rebound from biggest drop since 1987

The Dow Jones Industrial Average and other major stock indexes jumped as Congress prepared a measure to help cushion the economic blow of the coronavirus. But stocks later retreated from their highs.
by Avie Schneider

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