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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • A bleak US jobs report likely portends even deeper losses

    WASHINGTON (AP) — A grim snapshot of the U.S. job market’s sudden collapse emerged Friday with a report that employers shed hundreds of thousands of jobs last month because of the viral outbreak that’s brought the economy to a near-standstill. The loss of 701,000 jobs, reported by the Labor Department, ended nearly a decade of […]
  • Florida finally takes cruise passengers, some on stretchers

    FORT LAUDERDALE, Fla. (AP) — Passengers from an ill-fated cruise were carefully freed from their cabins and allowed to touch dry land Friday for the first time in weeks, after the removal of 14 critically ill people who were wheeled off to Florida hospitals bracing for an onslaught of coronavirus patients. The exodus from the […]
  • Vendors return in Wuhan as China prepares virus memorial

    WUHAN, China (AP) — Sidewalk vendors wearing face masks and gloves sold pork, tomatoes, carrots and other vegetables to shoppers Friday in the Chinese city where the coronavirus pandemic began, as workers prepared for a national memorial this weekend for health workers and others who died in the outbreak. Authorities are easing controls that kept […]
  • Brokerage worker loses paternity leave appeal in Japan

    TOKYO (AP) — A Japanese court on Friday rejected a request by a former brokerage manager to get his job back after he took paternity leave at Mitsubishi UFJ Morgan Stanley. The case of Glen Wood, a Canadian who has lived in Japan for three decades, has become a symbol of the fight against what […]
  • Local newspapers are facing their own coronavirus crisis

    NEW YORK (AP) — Just when Americans need it most, a U.S. newspaper industry already under stress is facing an unprecedented new challenge. Readers desperate for information are more reliant than ever on local media as the coronavirus spreads across the U.S. They want to know about cases in their area, where testing centers are, […]
  • Walmart limits store access; US airlines sign up for grants

    The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. ____________ COSTS MOUNT: The pandemic will cost the global economy as much as $4.1 trillion, or nearly 5% of all […]
  • Stocks drop as coronavirus crunches the job market, economy

    NEW YORK (AP) — The stock market’s first reaction to Friday’s stunningly bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the likelihood that even worse numbers are on the way. Stocks initially held steady after the government said U.S. employers cut 701,000 […]
  • Chinese struggle to return to work as virus controls ease

    WUHAN, China (AP) — After two months in locked-down Wuhan, Wei Lei was eager to get back to work on a railway construction site. Instead, the 22-year-old found himself stranded at an expressway toll plaza where police decided who was allowed in and out of the city where the coronavirus pandemic started. The authorities wanted […]
  • The Latest: UN to decide in month whether to delay meeting

    The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: –CDC recommending Americans cover their faces when leaving home. –Chinese man sentenced to 18 months […]
  • US urges masks as dramatic steps to combat virus roll out

    NEW YORK (AP) — The Trump administration urged Americans to cover their faces in public and limited exports of medical supplies Friday as New York’s governor took his own dramatic step to fight the coronavirus — vowing to seize unused ventilators from private hospitals and companies. President Donald Trump announced new guidelines that call for […]