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5 minutes ago

With factories dark, GM profit slumps 88%; 2Q likely worse

General Motors’ first-quarter net income fell 88%, but it still managed to make $247 million as the coronavirus began to take hold
5 minutes ago
FILE - This Oct. 16, 2019, file photo shows a sign at a General Motors facility in Langhorne, Pa. U.S. auto safety investigators have found no apparent defect with the passenger air bag seat sensors in thousands of older General Motors sedans. The National Highway Traffic Safety Administration denied a 2013 petition filed by a private crash investigator seeking a formal investigation of full-size cars including the Chevrolet Impala from the 2004 to 2010 model years. (AP Photo/Matt Rourke, File)
14 minutes ago

Life in a pandemic; massive job cuts, lots of homemade bread

Two days before the U.S. releases official employment figures, the payroll company ADP reported U.S. businesses cut an unprecedented 20.2 million jobs in April
14 minutes ago
A woman wears a mask to protect against the spread of the coronavirus as she sits next to her luggages at the Gare Saint Lazare train station in Paris, Wednesday, May 6, 2020. France prepares to lift its strict nationwide lockdown on May 11, 2020. (AP Photo/Michel Euler) he
41 minutes ago

Rush to fill medicine cabinets ahead of outbreak fuels CVS

A rush to fill medicine cabinets and pantries ahead of the rapidly spreading COVID-19 pandemic helped fuel a surging first-quarter profit for CVS Health
41 minutes ago
A customer waits for his medication behind a sheet of plastic installed to help curb the spread of the coronavirus at a CVS pharmacy store in Morton Grove, Ill., Tuesday, April 7, 2020. Customers and pharmacists are being separated by crates and plastic sheets during the Covid-19 pandemic. (AP Photo/Nam Y. Huh)
41 minutes ago

Wall Street drifts from losses to gains amid more dour data

Stocks are swinging up and down in morning trading on Wall Street Wednesday, as depressing data on the economy continues to roll in
41 minutes ago
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 6, 2020. Asian stock markets were mixed Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls. (AP Photo/Ahn Young-joon)
1 hour ago

A 20-year Treasury bond; part of $2.99 trillion borrowing

The Treasury Department is detailing how it plans to borrow a record-breaking $2.99 trillion in debt this quarter which will include issuing for the first time since 1986 a 20-year bond
1 hour ago
1 hour ago

Small businesses slash more than 11 million jobs in April

The nation’s small businesses slashed more than 11 million jobs in April as they were forced to close or suffered steep revenue losses amid the coronavirus outbreak
1 hour ago
1 hour ago
FILE - In this Wednesday, April 15, 2020, file photo, an Illinois Department of Employment Security office is closed in Chicago. At least a half-dozen states, including Illinois, already have notified the federal government that they could need to borrow billions of dollars to pay unemployment benefits because their own trust funds are running out of money. Though the shortfalls won't prevent unemployed workers from getting government aid, the federal loans could lead to higher taxes for businesses in future years to repay the debt. (AP Photo/Nam Y. Huh, File)
2 hours ago

Uber to lay off 3,700 workers and CEO to waive salary

Uber says it will lay off 3,700 full-time workers and its CEO will forgo pay as the ride-sharing company struggles with the coronavirus
2 hours ago
FILE - In this Nov. 15, 2019, file photo an Uber office is seen in Secaucus, N.J. Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Uber has tried to reassure investors that it has enough cash to weather the fallout from the global pandemic and is turning to deliveries to make up for lost income after ride-hailing screeched to a halt.? (AP Photo/Seth Wenig, File)
2 hours ago

Why are some planes crowded even with air travel down?

Social media has been bursting with photos of crowded planes amid the pandemic
2 hours ago
FILE - In this Monday, April 27, 2020, file photo, provided by Vince Warburton, passengers get off an American Airlines flight after they landed at Los Angeles International Airport in Los Angeles. Social media has been bursting with photos of crowded planes amid the pandemic. That raises the question of how it's even possible when air travel is down more than 90% from a year ago. In some cases, airlines are creating the crowds by canceling other flights and packing passengers onto fewer planes. (Vince Warburton via AP)
2 hours ago

EU forecasts 'recession of historic proportions' this year

The European Union is predicting “a recession of historic proportions this year” due to the impact of the coronavirus
2 hours ago
A man wearing a face mask to protect against coronavirus waits for a train at Schuman metro station during a gradual lifting of a lockdown to prevent the spread of the coronavirus, COVID-19, in Brussels, Tuesday, May 5, 2020. Belgium began relaxing some of its lockdown measures on Monday. Business-to-business companies can open their offices to employees again and those taking public transport must wear a mask. (AP Photo/Francisco Seco)
3 hours ago

Relatives of Germanwings victims seek compensation for crash

A court in Germany is considering demands for compensation brought against Lufthansa by eight people who lost loved ones in the crash of its budget airline Germanwings five years ago
3 hours ago
FILE - In this March 24, 2015 file picture a rescue helicopter flies over debris of a Germanwings passenger jet, near Seyne-les-Alpes,Frances. Germanwings co-pilot Andreas Lubitz deliberately crashed the jet into the French Alps , while en route from Barcelona to Duesseldorf, killing all 150 people on board. A court in Germany is considering demands for compensation brought against Lufthansa by eight people who lost loved ones in the crash of its budget airline Germanwings five years ago.(AP Photo/Claude Paris,file)
May 06

EU, Balkans leaders to reaffirm ties amid virus crisis

Leaders from the European Union and the Western Balkans are going to hold a summit
May 06
May 06

UK scientist who warned over virus quits for lockdown breach

One of the British government’s key scientific advisers has quit after breaking a nationwide lockdown by receiving secret visits from his girlfriend
May 06
A sign above an underpass in London advises drivers to stay at home, as the country is in lockdown to help curb the spread of the coronavirus, Monday, April 13, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Kirsty Wigglesworth)
May 06

Major retailers face bankruptcy, uncertain futures due to COVID-19 financial crisis

With stores shuttered, some retailers may not survive shoppers staying home.
May 06
A J. Crew store on 5th Avenue remains closed on May 4, 2020 in New York. As most of the world remains in a shutdown caused by the coronavirus, J. Crew filed for bankruptcy, one of the first major retail casualties of the pandemic.
May 06

Wendy's warns of menu changes because of beef supply challenges

Some major supermarkets are rationing beef and pork products too.
May 06
An employee passes an order to a customer in the drive through lane at a Wendy's fast food restaurant in Shelbyville, Ky., Nov. 5, 2017.
May 06

The Latest: French vacationers warned not to travel far away

France’s government is warning the French that they shouldn’t expect to travel far for their vacations this summer because of the coronavirus pandemic
May 06
Cars and trucks are driven on a relatively empty highway in Frankfurt, Germany, Wednesday, May 6, 2020. Due to the coronavirus a lot less traffic is seen during the day. (AP Photo/Michael Probst)
May 06

Samsung's Lee apologizes over management, union busting

Samsung heir Lee Jae-yong, has expressed remorse but gave no clear admission of wrongdoing in a 2016 corruption scandal that sent South Korea’s then-president to prison
May 06
Samsung Electronics Vice Chairman Lee Jae-yong bows during a news conference at a company's office building in Seoul, South Korea, Wednesday, May 6, 2020. Lee on Wednesday issued a statement of remorse but offered no clear admission of wrongdoing over his alleged involvement in a 2016 corruption scandal that spurred massive street protests and sent South Korea’s then-president to prison. (Kim Hong-Ji/Pool Photo via AP)
May 06

Philippine TV network’s shutdown amid pandemic sparks uproar

Philippine church and business leaders have expressed alarm over a government agency’s shutdown of the country’s largest TV and radio network, which has been a major provider of news on the coronavirus pandemic
May 06
Employees light candles outside the headquarters of broadcast network ABS-CBN corp. on Tuesday, May 5, 2020 in Quezon city, Metro Manila, Philippines. A Philippine government agency has ordered the country's leading broadcast network, which the president has targeted for it's critical news coverage, to halt operations after its congressional franchise expired, sparking shock over the loss of a major news provider during the coronavirus pandemic. (AP Photo/Aaron Favila)
May 06

Asian stocks mixed after Wall Street gains on recovery hopes

Asian stock markets are mixed as hopes for a global economic recovery rise after more governments eased anti-virus controls
May 06
A man wearing face mask walks past a bank electronic board showing the Hong Kong share index Tuesday, May 5, 2020. Shares advanced in Asia early Tuesday after Wall Street shook off a weak start and ended with modest gains thanks to another solid showing from big technology companies.(AP Photo/Vincent Yu)
May 06

'The passion is really enormous': Antibody test maker ramps up production

Roche expects to produce 60 million tests by the end of the month.
May 06
CEO Severin Schwan of Swiss drugmaker Roche addresses the company's annual news conference in Basel, Switzerland Jan. 30, 2020.
May 06

Where's my check? Answers to common relief payment questions

The US government has distributed about 130 million economic impact payments to taxpayers in less than 30 days
May 06
In this April 23, 2020, photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. The US government has distributed about 130 million economic impact payments to taxpayers in less than 30 days. The IRS anticipates sending more than 150 million payments as part of a massive coronavirus rescue package. The distribution has had some hiccups, including an overwhelmed website, payments to deceased taxpayers and money sent to inactive accounts. (AP Photo/Eric Gay)
May 05

In push for normalcy, industries, nations test the waters

Restaurant have begun to welcome diners, manufacturers are announcing plant reopenings and markets are moving higher all on hopes that the worst of the pandemic is in the past
May 05
FILE - This March 16, 2020 file photo shows a woman walking through a lightly trafficked Times Square in New York. COVID-19 has shaken theater fans and shuttered all New York City's venues, including Broadway, which grossed $1.8 billion last season and attracted a record 15 million people. How Broadway — one the city's jewels — will reopen is still not clear. (AP Photo/Seth Wenig, FIle)
May 05

Where's the beef? Production shutdown leads to shortages

U.S. meat supplies are dwindling due to coronavirus-related production shutdowns
May 05
In this Dec. 8, 2009 file photo, a butcher places beef on display at Costco in Mountain View, Calif. U.S. meat supplies are dwindling due to coronavirus-related production shutdowns. As a result, some stores like Costco and restaurants like Wendy's are limiting sales. U.S. beef and pork processing capacity is down 40% from last year. On Monday, May 4, 2020 nearly 20% of U.S. Costco, Sam's Club, Hy-Vee and Kroger are limiting purchases of meat to avoid panic buying. (AP Photo/Paul Sakuma, file)
May 05

Here come COVID-19 tracing apps - and privacy trade-offs

Many governments eager to reopen their societies are starting to bet on smartphone apps to help stanch the coronavirus pandemic
May 05
A soldier of the Swiss army wearing a protective face mask holds a smartphone with an app using Decentralized Privacy-Preserving Proximity Tracing (DP-3T) during a test with 100 soldiers in the military compound of Chamblon near Yverdon-les-Bains, Switzerland, Thursday, April 30, 2020. The race by governments to develop mobile tracing apps in order to contain infections after lockdowns ease is focusing attention on privacy. The debate is especially urgent in Europe, where academics and civil liberties activists are pushing for solutions that protect personal data. (Laurent Gillieron/Keystone via AP)
May 05

Facebook removes accounts linked to QAnon conspiracy theory

Facebook says it has removed several groups, accounts and pages linked to QAnon, taking action for the first time against the far-right U.S. conspiracy theory circulated among supporters of President Donald Trump
May 05
In this Aug. 18, 2018 file photo man holds a sign that reads "Q-Nited We Stand" during a rally held by members of Patriot Prayer and other groups supporting gun rights near City Hall in Seattle. Facebook says it has removed several groups, accounts and pages linked to QAnon, taking action for the first time against the far-right U.S. conspiracy theory circulated among supporters of President Donald Trump. The social-media giant made the announcement Tuesday, May 5, 2020 as part of its monthly briefing on “coordinated inauthentic behavior” on its platforms. That’s Facebook's term for fake accounts run with the intent of disrupting politics elections and society. (AP Photo/Ted S. Warren, file)
May 05

Virgin Galactic posts loss, touts future potential revenue

Virgin Galactic has reported a first-quarter net loss of $60 million but is touting tens of millions of dollars in potential future revenue as more people have put down deposits for the chance to buy a ticket once the spaceline resumes sales
May 05
Virgin Galactic SpaceshipTwo Unity flys free in the New Mexico Airspace for the first time on Friday, May 1, 2020. Virgin Galactic's spaceship VSS Unity has landed in the New Mexico desert after its first glide flight from Spaceport America. The company announced Friday's flight on social media, sharing photos of the spaceship. (Virgin Galactic via AP)
May 05

11 attorneys general seek probe into meatpacking industry

The attorneys general for 11 Midwestern states have urged the Justice Department to investigate market concentration and potential price fixing by meatpackers in the cattle industry during the coronavirus pandemic
May 05
May 05

Airbnb laying off 1,900 employees due to travel decline

Airbnb says it is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus pandemic
May 05
FILE - In this Feb. 22, 2018, file photo Airbnb co-founder and CEO Brian Chesky speaks during an event in San Francisco. Airbnb is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus. In a letter to employees, Tuesday, May 5, 2020, Chesky said the company is letting 1,900 of its 7,500 workers go and cutting businesses that don’t directly support home-sharing, like its investments in hotels and movie production.(AP Photo/Eric Risberg, File)
May 05

Texas eases underground oil storage rules, raising concerns

Texas regulators are relaxing rules about where companies can store oil underground
May 05
May 05

Disney Q2 profit sinks on pandemic woes

Disney reported a steep decline in profit as many segments of its media and entertainment offerings ground to a standstill during the coronavirus pandemic
May 05
FILE - In this March 16, 2020, file photo, the entrance to the parking lot at the Magic Kingdom at Walt Disney World is closed in Lake Buena Vista, Fla. The House of Mouse is struggling. Its second quarter profit dropped as the company took a $1.4 billion hit due to the coronavirus pandemic. For the January to March quarter, Disney's net income dropped 93 percent to 26 cents per share. Excluding one-time items, net income totaled 60 cents per share. Analysts expected 91 cents per share, according to FactSet. (AP Photo/John Raoux, File)
May 05

Chegg, Tenet rise; Norwegian Cruise Line, WestRock fall

Stocks that moved heavily or traded substantially on Tuesday: Chegg, Tenet rise; Norwegian Cruise Line, WestRock fall
May 05
May 05

How major US stock indexes fared Tuesday

Stocks closed broadly higher on Wall Street Tuesday as more countries relaxed restrictions on businesses and stay-at-home orders, raising hopes that the move will put the global economy on the path to recovery after its historic plunge
May 05
May 05

Workers want virus protections before casinos reopen

Workers are worried about catching the virus and taking it home to their kids.
May 05
In a June 20, 2019 photo, a dealer conducts a card game at the Hard Rock casino in Atlantic City N.J. On Tuesday, May 5, 2020 unions and casino workers in four states called for casinos to provide protective equipment and adopt strict cleaning and health measures before casinos reopen in the U.S. (AP Photo/Wayne Parry)
May 05

Treasury to begin distributing virus relief money to tribes

The U.S. Treasury Department says it will begin distributing billions in coronavirus relief funding to tribes
May 05
FILE - In this Sept. 25, 2014, file photo, students walk between buildings at the Little Singer Community School in Birdsprings, Ariz., on the Navajo Nation. The tribe is among plaintiffs in a federal lawsuit that seeks to keep the U.S. Treasury Department from disbursing coronavirus relief funding for tribes to Alaska Native corporations. (AP Photo/John Locher, File)
May 05

How the pandemic has effected the movie theater business

John Faithian, president and CEO of the National Associate of Theatre Owners, discussed where business for movie theaters currently stands.
May 05
VIDEO: How the pandemic has effected the movie theater business
May 05

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels
May 05
May 05

California sues Uber, Lyft over alleged labor law violations

California is suing ride-hailing companies Uber and Lyft, alleging they misclassified their drivers as independent contractors under the state’s new labor law
May 05
FILE - In this Aug. 28, 2019, file photo dozens of supporters of a measure to limit when companies can label workers as independent contractors circle the Capitol during a rally in Sacramento, Calif. California is suing ride-hailing companies Uber and Lyft, alleging they misclassified their drivers as independent contractors under the state's new labor law, AB5, in effect as of Jan. 1. Attorney General Xavier Becerra announced the lawsuit Tuesday, May 5, 2020, during a news conference. (AP Photo/Rich Pedroncelli, File)
May 05

States with few virus cases get big share of relief aid

An Associated Press analysis shows that some of the least-populated states with relatively few coronavirus cases received an out-sized proportion of the $150 billion in federal money that was designed to address virus-related expenses
May 05
Wyoming is among a handful of small states with few coronavirus cases that have received an outsized share of stimulus money. <b> Cursor over states for details</b>
May 05

As US piles up debt to aid economy, even usual critics cheer

The U.S. government has opened the spigots and let loose nearly $3 trillion to try to rescue the economy from the coronavirus outbreak — a river of debt that would have been unthinkable even a few months ago
May 05
This Sept. 18, 2019 photo shows the U.S. Treasury Department building viewed from the Washington Monument in Washington. The Treasury Department says it will need to borrow a record $2.99 trillion during the current April-June quarter to cover the cost of various rescue efforts dealing with the coronavirus pandemic. Treasury said Monday, May 4, 2020 that the $2.99 trillion it plans to borrow this quarter will far surpass the $530 billion quarterly borrowing it did in the July-September 2008 quarter as it dealt with the 2008 financial crisis. The extraordinary sum of $2.99 trillion of borrowing in a single quarter dwarfs the $1.28 trillion the government borrowed in the bond market for all of 2019. (AP Photo/Patrick Semansky)
May 05

Fiat Chrysler swings to loss as virus hits production, sales

Fiat Chrysler Automobiles has reported a first-quarter net loss of 1.7 billion euros ($1.84 billion) due to a steep decline in car sales during the coronavirus pandemic
May 05
FILE - In this Feb. 26, 2019, file photo, Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place. The move likely means that factories of all three Detroit automakers will be idled for at least another two weeks as they negotiate reopening terms with the United Auto Workers union. (AP Photo/Carlos Osorio, File)
May 05

UK, US kick off post-Brexit free trade talks amid outbreak

After a delay caused by the coronavirus pandemic, British and American negotiators have opened negotiations on a trade agreement that the U.K. government hopes will bring a post-Brexit economic and diplomatic boost
May 05
FILE - In this Monday, Oct. 7, 2019 file photo, U.S. Trade Representative Robert Lighthizer listens as President Donald Trump speaks before signing a trade agreement with Japan in the Roosevelt Room of the White House, in Washington. After a delay caused by the coronavirus pandemic, British and American negotiators have opened negotiations, remotely, on a trade agreement that the U.K. government hopes will bring a post-Brexit economic and diplomatic boost. U.K. International Trade Secretary Liz Truss and U.S. Trade Representative Robert Lighthizer held a video conference call on Tuesday May 5, 2020 at the start of two weeks of negotiations. (AP Photo/Evan Vucci, File)
May 05

US trade gap rises to $44.4 billlion as virus slams commerce

The U.S. trade deficit rose in March as the coronavirus outbreak battered America’s trade with the world
May 05
FILE - In this Nov. 4, 2019 file photo cargo cranes are used to take containers off of a Yang Ming Marine Transport Corporation boat at the Port of Tacoma in Tacoma, Wash. The U.S. trade deficit tumbled in February 2020 to the lowest level since 2016 as exports fell and imports fell more. The politically sensitive gap in the trade of goods with China narrowed in February when the world's No. 2 economy was locked down to combat the coronavirus outbreak. (AP Photo/Ted S. Warren, File)
May 05

In clamor to reopen, many blacks feel their safety ignored

To many, it seems that are protesting — have been predominantly white.
May 05
FILE - In this June 12, 2019, file photo, the Rev. William J. Barber accompanied by faith leaders speaks during a rally outside of the White House, protesting against President Donald Trump policies in Washington. To many, it seems that the people calling for easing restrictions meant to slow the spread of the new coronavirus — who have been predominantly white — are agitating for reopening because they won’t be the ones to suffer the consequences. “The issue is not what these protests are saying to just black people but what they are saying to poor and low-income people who are the most impacted," said Barber. (AP Photo/Jose Luis Magana, File)
May 05

With camps shut, families face summer in the great indoors

Welcome to summer in the great indoors
May 05
In this July 6, 2015, photo released by Camp Kiwanis, games instructor John Griffin, right, shouts directions through a megaphone as campers look on at Camp Kiwanis in the Ocala National Forest near Ocala, Fla. Camp Kiwanis will not open this summer for the first time in 72 years due to concerns about spread of the novel coronavirus. Camps across the U.S. are scrambling to make a similar decision about summer 2020 and parents are getting a first wave of closure notices for some camps in harder-hit states. (Scott Mitchell/Camp Kiwanis via AP)
May 05

Coronavirus cuts 'deep scars' through meatpacking cities

The coronavirus is devastating the nation’s meatpacking communities — places like Waterloo and Sioux City in Iowa, Grand Island, Nebraska, and Worthington, Minnesota
May 05
May 05

Prospect of reopening amid COVID-19 crisis has some restaurateurs balking

Before COVID-19, US restaurants were on pace to make $881 billion in 2020 sales.
May 05
Ryan Pernice, the owner of Osteria Mattone, who hopes to start serving customers on his patio in May, is shown in Roswell, Ga., April 23, 2020.
May 05

US service sector shrinks; first time since Great Recession

The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide
May 05
McCormick Cafe manager Charli Perry, left, looks over an order with server Jane Goodridge as the restaurant reopened Monday, May 4, 2020 in Billings, Mont. The state is slowly opening up its economy as some other states extend shutdowns prompted by the coronavirus. (AP Photo/Matthew Brown)
May 05

As Trump resumes travel, staff takes risks to prepare trip

For much of the last two months, President Donald Trump has rarely left the grounds of the White House as he’s dealt with the fallout of the coronavirus pandemic and sought to minimize his own exposure to the disease
May 05
In this May 3, 2020, photo, President Donald Trump walks on the South Lawn of the White House after stepping off Marine One, in Washington. Trump is returning from a trip to Camp David, Md. (AP Photo/Patrick Semansky)
May 05

A push for normalcy; industries, nations test the waters

Restaurant have begun to welcome diners, manufacturers are announcing plant reopenings and markets are moving higher all on hopes that the worst of the pandemic is in the past
May 05
FILE - This March 16, 2020 file photo shows a woman walking through a lightly trafficked Times Square in New York. COVID-19 has shaken theater fans and shuttered all New York City's venues, including Broadway, which grossed $1.8 billion last season and attracted a record 15 million people. How Broadway — one the city's jewels — will reopen is still not clear. (AP Photo/Seth Wenig, FIle)
May 05

Humana picks up the tab for Medicare Advantage doctor visits

The health insurer Humana will pick up the tab for millions of customers when they are ready to ease COVID-19 social distancing and return to the doctor’s office
May 05
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