Market

New unemployment claims post steep growth in Utah

  • Mar 27, 2020

SALT LAKE CITY  — Nearly 20,000 new people applied for unemployment in Utah last week, an explosive increase that’s in line with national data released Thursday amid widespread business closures related to the new coronavirus. The food preparation and services industry took the biggest hit,

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Asian stocks mixed after US Senate approves virus aid

  • Mar 27, 2020

BEIJING — Asian stocks were mixed Thursday after the U.S. Senate approved a proposed $2.2 trillion virus aid package following a delay over its details and sent the measure to the House of Representatives. Tokyo’s market benchmark shed 4.5% and Shanghai and Hong Kong also declined. Australia

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Many businesses cautious about restarting economy amid virus

  • Mar 27, 2020

PROVIDENCE, R.I. — President Donald Trump wants the country open for business by mid-April, but some experts warn it’s not as easy as flipping a switch: Economies run on confidence, and that is likely to be in short supply for as long as coronavirus cases in the United States are still rising.

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Trump’s team, senators to negotiate $1T economic rescue deal

  • Mar 21, 2020

WASHINGTON  — Members of President Donald Trump’s economic team convene Friday on Capitol Hill to launch negotiations with Senate Republicans and Democrats racing to draft a $1 trillion-plus economic rescue package amid the coronavirus outbrea

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Mideast airlines lose $7B as airports shut to combat virus

  • Mar 20, 2020

DUBAI, United Arab Emirates  — Seven Middle Eastern countries have suspended all commercial flights due to a fast-spreading new virus as the aviation industry’s largest trade association announced Thursday that airlines in the region have already lost more than $7 billion in revenue. The Int

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Asian shares tumble: SKorea’s Kospi drops 7%, Tokyo 1%

  • Mar 20, 2020

BANGKOK  — Shares in Asia tumbled further on Thursday after the Dow industrials plunged 6.3% despite more government help for economies reeling from virus outbreaks. Stocks fell in Tokyo and almost all other Asian markets as investors rushed to convert holdings to cash, bracing for a prolonged cor

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FedEx sees cargo opportunities as virus grounds airlines

  • Mar 19, 2020

Many passenger airlines that carry freight in their bellies are being grounded by the coronavirus outbreak, and that could create an opportunity for cargo carriers like FedEx. FedEx Chairman and CEO Fred Smith said Tuesday that the delivery giant is capable of handling the increased demand for its for intern

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Asian stocks higher after Trump promise of virus aid

  • Mar 19, 2020

BEIJING  — Major Asian stock markets were higher Wednesday after Wall Street rebounded on President Donald Trump’s promise of aid to get the U.S. economy through the coronavirus outbreak. Benchmarks in Shanghai, Tokyo and Hong Kong all advanced. Australia’s main index fell 5% and small

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Asian shares bounce after Wall St dive, recession warning

  • Mar 18, 2020

BANGKOK  — Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill, with businesses and travel shut down due to the virus outbreak. Tokyo’s Nikkei 225 climbed 0.8% a

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