Government, Business

Trump Signs $2.2 Trillion Stimulus After Swift Congressional Votes

President Trump speaks to media in the Oval Office before signing $2.2 trillion stimulus package into law. President Donald Trump speaks before signing the coronavirus stimulus relief package in the Oval Office at the White House March 27. (Evan Vucci/Associated Press)

WASHINGTON — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law March 27, after swift and near-unanimous action by Congress that will support businesses, rush resources to overburdened health care providers and help struggling families during the deepening coronavirus epidemic.

March 27, 2020
Business, Logistics

Trucking Adapts to Spike in Consumer Demand

Trucks on highway Right now, trucking is dealing with higher freight volumes for essential items people and businesses need during the coronavirus pandemic. But what's on the horizon for trucking is anyone's guess. (Getty Images)

Trucking is handling increased demand and awaits a potential surge of pent-up activity because of the coronavirus, but what that means for the industry long term remains an open question.

Connor D. Wolf | Staff Reporter
March 26, 2020
Government, Business

World Trade Sees Worst Downturn in Generation

Container ships anchor at the Port of Felixstowe, in Felixstowe, U.K. on March 25. Container ships anchor at the Port of Felixstowe, in Felixstowe, U.K. on March 25. (Chris Ratcliffe/Bloomberg News)

The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the U.S. and Europe struggle to contain the coronavirus pandemic.

Bryce Baschuk | Bloomberg News
March 26, 2020
Government, Business

Trump Points to Potential for Resuming Daily Operations by Easter

U.S. President Donald Trump Donald Trump by Andrew Harrer/Bloomberg News

With Congress seeking to help stabilize the economy by advancing a $2 trillion rescue measure this week, President Donald Trump suggested a significant portion of the country’s operations, such as freight and passenger transportation networks, could resume as early as Easter, which falls on April 12 this year.

Eugene Mulero | Senior Reporter
March 25, 2020
Government, Business

Economists Eye Possible Recession Caused by Coronavirus

Economists and other experts who watch the U.S. economy on a minute-by-minute basis are now suggesting, some loudly, that the nation is lurching towards a recession, as the coronavirus damages the economy.

Dan Ronan | Associate News Editor
March 15, 2020
Government, Business

Trading Halted After Stocks Plunge 7% at Open

Trader Michael Gallucci Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange on March 11, 2020. (Richard Drew/Associated Press)

NEW YORK— The S&P 500 dropped about 7% within the first few minutes of trading March 12, steep enough to trigger an automatic halt to trading on the New York Stock Exchange.

March 12, 2020
Government, Business

Claims for Jobless Benefits Drop by 4,000

Job posting at restaurant in Orlando, Fla. A job posting is displayed near the entrance outside a restaurant in Orlando, Fla., on Nov. 4, 2019. (John Raoux/Associated Press)

WASHINGTON — The number of Americans filing new claims for unemployment insurance fell last week for a second straight week, an indication that the coronavirus had not yet hit the labor market in a major way.

March 12, 2020
Government, Business

US Wholesale Prices Fall 0.6%, Biggest Decline in Five Years

Workers load containers of nectarines Workers load large containers of nectarines for sorting at Eastern ProPak Farmers Cooperative in Glassboro, N.J. (Mel Evans/Associated Press)

WASHINGTON — U.S. wholesale prices fell 0.6% in February, the biggest decline in five years, led by a sharp drop in energy costs.

Martin Crutsinger | Associated Press
March 12, 2020

US Businesses Add 183,000 Jobs in Sign of Pre-Virus Health

Chef and trainee at Inspiration Kitchens in Chicago Chef Samara Henderson (left) works with trainee Anthony Redmond at Inspiration Kitchens in Chicago on Jan. 29, 2020. (Nam Y. Huh/Associated Press)

WASHINGTON — U.S. businesses added 183,000 jobs last month, a solid gain that shows the economy was largely healthy when the coronavirus outbreak spread farther around the globe.

Christopher Rugaber | Associated Press
March 4, 2020
Government, Business

US Construction Spending Up 1.8% in January to Record Level

Construction worker Construction workers in Boston's Seaport district in November. (Steven Senne/Associated Press)

WASHINGTON — Spending on U.S. construction projects rose to an all-time high in January, helped by strong gains for home construction and government building projects.

Martin Crutsinger | Associated Press
March 2, 2020