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Updated: 34 min 32 sec ago

Bankruptcy looms over U.S. energy industry, from oil fields to pipelines

Thu, 04/23/2020 - 12:08am
U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced.

Italian cruise ship in Japan has 48 coronavirus cases

Wed, 04/22/2020 - 11:53pm
Nearly 50 crew members on an Italian cruise ship docked for repairs in Japan's Nagasaki have tested positive for the new coronavirus, raising concern about the strain on the city's hospitals if conditions worsen for those infected.

Record U.S. jobless claims wipe out post-Great Recession employment gains

Wed, 04/22/2020 - 11:08pm
A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in U.S. history were wiped out in about a month as the novel coronavirus savages the economy.

Special Report: Former Labradoodle breeder tapped to lead U.S. pandemic task force

Wed, 04/22/2020 - 10:58pm
On January 21, the day the first U.S. case of coronavirus was reported, the secretary of the Department of Health and Human Services appeared on Fox News to report the latest on the disease as it ravaged China. Alex Azar, a 52-year-old lawyer and former drug industry executive, assured Americans the U.S. government was prepared.

For SoftBank's Son, coronavirus turns vision to illusion

Wed, 04/22/2020 - 10:45pm
SoftBank Group Corp founder Masayoshi Son's dream of a global tech empire is unravelling, with the coronavirus crisis compounding losses at his $100 billion Vision Fund and distress at his big bets portending more pain.

Pandemic throws Asia's services firms, factories into deeper decline

Wed, 04/22/2020 - 10:28pm
The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures taking a particularly heavy toll on the region's service sector firms, surveys showed on Thursday.

Detroit automakers, UAW to continue talks over reopening U.S. plants

Wed, 04/22/2020 - 10:21pm
The United Auto Workers (UAW) said late Wednesday discussions are still underway with Detroit's Big Three automakers to safely restart U.S. production halted by the coronavirus pandemic.

More U.S. states make plans to reopen; California holds firm

Wed, 04/22/2020 - 10:06pm
More states in the U.S. South and Midwest signaled readiness on Wednesday to reopen their economies in hopes the worst of the coronavirus pandemic had passed, but California's governor held firm to sweeping stay-at-home orders and business closures.

Asia stocks pull ahead on U.S. stimulus, oil rebound

Wed, 04/22/2020 - 9:56pm
Asian stock markets rose on Thursday as the combination of a rebound in crude prices from historic lows and the promise of more U.S. government aid to cushion the coronavirus-ravaged economy helped calm nervous markets.

Trump plans to reopen U.S. national parks, details to come

Wed, 04/22/2020 - 8:45pm
The Trump administration's plans to reopen the country's national parks and other public lands in line with coronavirus guidelines, U.S. President Donald Trump said on Wednesday, with more details to be announced on specific parks in coming days.

U.S. CDC reports 802,583 coronavirus cases, 44,575 deaths

Wed, 04/22/2020 - 8:45pm
The U.S. Centers for Disease Control and Prevention (CDC) on Wednesday reported 802,583 cases of the novel coronavirus, an increase of 26,490 from its previous count, and said the number of deaths had risen by 2,817 to 44,575.

Top U.S. Senate Republican says aid for states needs to focus on coronavirus

Wed, 04/22/2020 - 8:45pm
The Republican leader of the U.S. Senate said on Wednesday that Congress may decide to provide additional assistance to state and local government as part of another coronavirus relief bill, but that any aid needs to focus on the pandemic.

Coronavirus to accelerate Social Security, Medicare depletion dates, U.S. officials say

Wed, 04/22/2020 - 8:39pm
Job and revenue losses prompted by the coronavirus will likely accelerate the depletion of Social Security and Medicare reserves, U.S. officials said on Wednesday as they released reports showing little change in the federal benefit programs' pre-pandemic finances.

U.S. official says he was ousted for urging caution on Trump-touted coronavirus drug

Wed, 04/22/2020 - 8:13pm
The ousted director of a key U.S. agency charged with developing drugs to fight the coronavirus pandemic said on Wednesday he was dismissed because he called for careful vetting of a treatment frequently touted by President Donald Trump.

Trump order temporarily limits U.S. immigration during coronavirus crisis

Wed, 04/22/2020 - 7:59pm
President Donald Trump on Wednesday ordered a temporary block on some foreigners from permanent residence in the United States, saying he wanted to protect American workers and jobs during the coronavirus pandemic.

U.S. House poised to pass more coronavirus aid, avoids remote voting wrangle

Wed, 04/22/2020 - 7:36pm
The U.S. House of Representatives expects to pass a nearly $500 billion coronavirus relief bill on Thursday but will put off any decision on changing its voting rules during the pandemic, avoiding a potential partisan fight.