The bill for saving the world economy is $7 trillion and rising
The United States, Europe, Japan, China and India are unleashing trillions of dollars in government spending and newly created money as they…
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Global stocks lose momentum after a three-day rally on Wall Street
Global stocks failed to maintain their momentum Friday, indicating that a spectacular three-day rally that pushed the Dow Jones Industrial Average…
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Global stocks lose momentum after a three-day rally on Wall Street
Global stocks failed to maintain their momentum Friday, indicating that a spectacular three-day rally that pushed the Dow Jones Industrial Average…
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‘Community is more important’: El Paso west side bar owner struggles – but understands need for virus closure
EL PASO, Texas — Lloyd’s Pub shut their doors when the city of El Paso requested them to. “It was on Saint Patrick’s Day of all days to do that but…
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El Paso disinfectant distributor warns virus panic shopping must stop – or shortages will continue
EL PASO, Texas — Many are stocking up on essentials like food, toilet paper and sanitizing wipes. “Sold Out” signs and labels are an…
Continue Reading Chinese startups were already struggling to raise money. The coronavirus may be the last straw
China’s startups had a rough time last year because of an economic slowdown and giant flops that scared away investors. Now they’re…
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Coronavirus bill allows for pretax spending on menstrual products
The coronavirus spending package will provide a variety of types of assistance for average Americans to combat the economic effects of the pandemic…
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Dow surges more than 1,300 points for 3-day Wall Street rally
NEW YORK, NY — Stocks surged again for a third straight day with the Dow Jones closing up more than 1,300 points Thursday as a massive coronavirus…
Continue Reading Why CEOs are giving up their salaries during the coronavirus crisis
Coronavirus has hit companies hard and fast over the past several weeks — prompting calls for industry bailouts and dramatic measures to cut costs.…
Continue Reading The $2 trillion stimulus will slam the mortgage industry — unless the Fed comes to the rescue
The federal government is determined to prevent the coronavirus pandemic from setting off another mortgage meltdown. The $2 trillion stimulus package…
Continue Reading McDonald’s and other brands are making ‘social distancing’ logos
It’s not just people that are social distancing. Brands are doing it too. McDonald’s, Coca-Cola, Audi and Volkswagen are just a few of…
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U.S. jobless claims soar to record 3.3 million amid virus; El Paso area’s numbers are ‘frightening’
EL PASO, Texas — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 —…
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How small business owners may benefit from the $2 trillion federal aid package
The $2 trillion economic aid package unveiled Wednesday contains several provisions to help small businesses in the wake of the coronavirus pandemic.…
Continue Reading Help is coming for gig economy workers and small businesses hit by the coronavirus crisis
Workers in the gig economy are finally getting government support to help them cope with the economic devastation caused by the coronavirus crisis.…
Continue Reading Bill Ackman: Shut down the economy for a month
Hedge fund billionaire Bill Ackman has a solution to end the coronavirus threat and prevent the US economy from total collapse: shut down everything…
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Should you be concerned about virus spread when you take your clothes to the dry cleaner or laundromat?
EL PASO, Texas (KVIA) — Laundromats and dry cleaners are considered essential businesses and can remain open while the El Paso County stay-at-home…
Continue Reading Cheesecake Factory tells its landlords it won’t be able to pay April rent
The Cheesecake Factory won’t be able to pay its April rent at its nearly 300 locations, highlighting how deeply the coronavirus pandemic is…
Continue Reading Ford plans to reopen some plants soon, but workers are worried about coronavirus
Ford is considering reopening a number of US and Mexican plants in the coming weeks that were closed because of the coronavirus outbreak. But the…
Continue Reading Uber and Lyft still aren’t helping their most vulnerable drivers
It’s been a full week since Nicole Knesek, a driver for Uber and Lyft in Carmichael, California, attempted to apply for paid coronanvirus leave…
Continue Reading Why the ‘TJMaxx of groceries’ is succeeding during the coronavirus pandemic
The coronavirus is crippling most American industries. But it’s also creating opportunities for some unexpected businesses. Grocery Outlet, an…
Continue Reading Unemployment claims soared to 3.3 million last week, most in history
A record number of Americans filed for their first week of unemployment benefits last week, as businesses shut down to slow the spread of the…
Continue Reading The scariest aspects of the coronavirus are what we can’t see on TV
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. We see the daily…
Continue Reading Want to buy gold coins or bars? Good luck finding any
Investors are snapping up gold bars and coins, seeking the security offered by the precious metal as the coronavirus pandemic trashes economies and…
Continue Reading What’s in the $2 trillion coronavirus stimulus bill passed by Congress?
WASHINGTON, DC — Congressional lawmakers have passed a $2 trillion stimulus bill to respond to the coronavirus pandemic, with cash and assistance…
Continue Reading Crocs donating its shoes to healthcare workers
Go into most US emergency rooms, and you’ll find staff wear Crocs. Now their manufacturer has announced a program to donate 10,000 a day to…
Continue Reading Amazon warehouses are getting hit with coronavirus cases
Amazon warehouses are facing a growing tide of coronavirus cases with at least 11 facilities hit so far, according to Amazon and local media reports.…
Continue Reading US unemployment claims skyrocketed last week. There’s more pain to come
A wave of layoffs has gripped the American economy in the past week as bars, restaurants and shops shut down across the country, part of…
Continue Reading Global stocks and US futures drop as investors brace for jobless numbers
Global markets and US stock futures retreated Thursday as investors turned their attention from the mammoth stimulus package working its way through…
Continue Reading What constitutes ‘essential businesses’? States seem to have varying standards
In a third of US states, businesses and services are now divided into two factions: essential and non-essential. The Covid-19 pandemic has prompted…
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EL Paso small businesses try to survive coronavirus
EL PASO, Texas — With the recent Coronavirus pandemic infecting the economy with uncertainty and instability, at least one local business developer…
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