Business

As virus roils markets, Trump again threatens Fed chairman

  • Mar 16, 2020

WASHINGTON  — President Donald Trump said Saturday he had the power to fire or demote Federal Reserve Chairman Jerome Powell, adding new fuel to his long-running animus toward the central bank’s leader at a moment when the economy was at risk of edging into recession. Trump told reporters th

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Americans adjust to new life, hunker down amid coronavirus

  • Mar 14, 2020

Workers lost their jobs, parents came up with impromptu home lesson plans for children kept home from shuttered schools. Families fretted over dwindling retirement accounts, the health of elderly parents, and every cough and sneeze in their midst. Millions of people settled into new and disrupted routines Th

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Analysis: With unease, Americans lurch into coronavirus era

  • Mar 14, 2020

So this is where we are: Major League Baseball’s opening day postponed. Broadway and Hollywood grinding to a halt, and March Madness canceled. Universities from Harvard to UCLA telling students to stay away. Most travelers from Europe banned. Tom Hanks, Hollywood’s embodiment of everyday American

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Kansas reports COVID-19 death; governor declares emergency

  • Mar 14, 2020

TOPEKA, Kan.  — A Kansas City-area nursing home resident has become Kansas’ first COVID-19-related death, and health officials said Thursday that his case, the state’s fifth, means that the coronavirus has now spread locally. Gov. Laura Kelly announced the death of a man in his 70s who

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Pelosi says agreement near with White House on virus aid

  • Mar 14, 2020

WASHINGTON  — House Speaker Nancy Pelosi says that she and the Trump administration are close to agreement on a coronavirus aid package to reassure anxious Americans by providing sick pay, free testing and other resources, hoping to calm teetering financial markets amid the mounting crisis. Final

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Pritzker asks sports teams to cancel games or bar fans

  • Mar 14, 2020

CHICAGO — Illinois Gov. J.B. Pritzker on Thursday mandated that events of 1,000 or more people be canceled or postponed for 30 days, and asked the owners of all the state’s major sports teams to cancel games or play without fans until May 1 as efforts continue to combat the spread of the coronavirus

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Trump economic team grasps for credibility with outbreak

  • Mar 14, 2020

WASHINGTON  — During the financial crisis a decade ago, President Barack Obama could look around the room and turn to an economist who served as Harvard’s president, a former president of the New York Federal Reserve and a renowned academic considered one of the world’s authorities on the Grea

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Trump signs bill to help telecoms replace Huawei equipment

  • Mar 14, 2020

WASHINGTON  — President Donald Trump on Thursday signed into law a bill that provides $1 billion to help small telecom providers replace equipment made by China’s Huawei and ZTE. The U.S. government considers the Chinese companies a security risk and has pushed its allies not to use Huawei e

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Asian shares dive, then trim losses after Wall St sell-off

  • Mar 14, 2020

BANGKOK  — Asian shares plunged, then recovered slightly as Friday the 13th brought still more turmoil to markets reeling from uncertainty over the coronavirus crisis. Benchmarks in Japan, Thailand and India sank as much as 10% following Wall Street’s biggest drop since the Black Monday cras

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