Business and Economic News

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.
Groups disagree over sales of stronger beer in convenience stores
Minnesota is the only state in the nation restricting businesses including grocery stores, convenience stores and gas stations to selling only 3.2 beer.
Jack Welch, legendary CEO of General Electric, dead At 84
Welch, dubbed "manager of the century" in 1999 by Fortune magazine, grew GE into an industrial powerhouse. During his reign, the company's market value skyrocketed to $410 billion from $12 billion.
World economy may shrink because of virus, watchdog says
A global agency says the spreading new virus could make the world economy shrink this quarter for the first time since the international financial crisis more than a decade ago.