Business and Economic News

VP Pence aims to 'lean into' fight against coronavirus
Vice President Mike Pence pledged Thursday that federal officials would “lean into” the fight against the new coronavirus as he visited with a leading maker of masks being used to stem the spread of the virus. He asked Americans to refrain from buying masks unless they're sick.
Minneapolis deal will close Kmart, open road and development
Under the deal, the city would pay Kmart’s corporate owner $9.1 million to end the store’s lease on or before June 30, paving the way for the development of a key commercial tract and the long-sought reopening of Nicollet Avenue.
Face masks: Not enough are made in America to deal with coronavirus
A global shortage of face masks is prompting concern for the safety of health care workers. Now, the U.S. government is trying to bring back an industry that largely left the country years ago.
What it’s like to support a family on $12.50 an hour
Many assume low-wage workers are teenagers, but data show that most are adults in their prime working years, and many support families on those wages. In recent years, economists say it’s also become increasingly challenging for low-wage workers to change careers or move up the ladder.
Trump 2020 sues Washington Post, days after NY Times defamation suit
In the latest salvo against media outlets, the campaign is targeting opinion pieces that invoke concerns that Donald Trump invited aid from Russia to boost his electoral fortunes.
The economic effects of coronavirus on the travel industry
As cases of COVID-19 come up in more countries, many travelers have changed their plans causing a ripple effect for airlines, hotels, and cruise ships. We talked with a business strategist about what efforts to contain the coronavirus mean for the travel industry.
The Fed's announcement of a steep rate cut signaled its growing concern that the coronavirus, which is depressing economic activity across the world, poses an escalating threat and could trigger a recession. Yet even before the Fed's action Tuesday, economists had been cautioning that lower interest rates aren't the ideal prescription for the threat posed by the coronavirus.
In a first, architecture's most prestigious prize is awarded to two women
Yvonne Farrell and Shelley McNamara founded Grafton Architects in Dublin in 1978. The Pritzker Architecture Prize jury called the two Irish architects "beacons" in a male-dominated field.