Business

Macy’s To Be Removed From S&P 500; Credit Rating Downgraded

NEW YORK (AP) - Its market value just a fraction of what it was five years ago, Macy's is being removed from the S&P 500 index. Macy's has been struggling amid competition f...

Sprint And T-mobile Merge, Creating New Wireless Giant

NEW YORK (AP) — Mobile carrier T-Mobile has completed the takeover of smaller rival Sprint, creating a new wireless giant that rivals AT&T and Verizon in size. The companies...

Amazon Fires Warehouse Worker Who Staged Walkout

NEW YORK (AP) — Amazon fired a worker who organized a walkout at a New York warehouse to demand greater protection against the new coronavirus, saying the employee himself flouted ...

Instacart Workers Seek Strike As Jobs Get Busier, Riskier

NEW YORK (AP) — A possible strike by Instacart workers highlights the impact of the coronavirus outbreak on the grocery delivery business, where workers are worried about their saf...

Detroit Auto Show Canceled, Center To Be Used As Hospital

DETROIT (AP) — The North American International Auto Show said that it will cancel its Detroit show because of the coronavirus pandemic and the center where it is held will likely ...

Many Businesses Cautious About Restarting Economy Amid Virus

PROVIDENCE, R.I. (AP) — 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 confi...

First Signs Of Disruption Appear In Housing; Markets “Calm”

NEW YORK (AP) - The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some ...

Trump’s Dilemma: How To Protect Both Health And Economy

WASHINGTON (AP) — President Donald Trump put it bluntly: “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF." Trump, who tweeted his declaration overnight, is caught in th...

Marriott To Furlough Thousands Of Workers

NEW YORK (AP) - Marriott International Inc. said that it will furlough thousands of corporate employees at its U.S. headquarters and globally. The decision, first reported by The W...

Factories Pivot To Fight Coronavirus, But Challenges Abound

DETROIT (AP) — Factories that crank out cars and trucks looking into making much-needed ventilators. Distilleries intended for whiskey and rum to instead turn out hand sanitizers a...

Dow Drops More Than 900 Points, Ending Worst Week Since 2008

NEW YORK (AP) - Stocks sank to their worst week since the financial crisis of 2008 as traders went into full retreat out of fear that the coronavirus will plunge the U.S. and other...

Stores Set Up Senior Shopping Hours Amid Coronavirus Fears

RICHMOND, Va. (AP) — As senior citizens deal with anxiety about the coronavirus, grocery store chains and other retailers have come up with a way to ease their fears: shopping time...

Virus Revives Demand For Traditional French Soap

MARSEILLE, France (AP) — Amid the rapid spread of the new coronavirus across Europe, the hallmark Marseille tradition of soap-making is enjoying a renaissance, as the French redisc...

Mnuchin: Family Of 4 Could Get $3k Under Virus Relief Plan

WASHINGTON (AP) — The first federal checks to families could be $3,000 for a family of four under the White House proposal to unleash $1 trillion to shore up households and the U.S...

Small Business Falls Victim To Virus

NEW YORK (AP) — The coronavirus delivered a pair of gut punches to Theodore Peck, owner of a coffee shop and bakery in Brooklyn. When his 8-year-old son came down with symptoms ...

Coronavirus Layoffs Spark Surge In State Jobless Claims

JEFFERSON CITY, Mo. (AP) — In Ohio, more than 48,000 people applied for jobless benefits during the first two days of this week. The tally during the same period the prior week: ju...

Stocks Continue to Drop Sharply On Wall Street Despite Promises Of Virus Aid

NEW YORK (AP) — Stocks are falling sharply on Wall Street in early trading as fears spread that the coronavirus is causing a global recession. The Dow Jones industrials fell 1,...

Coronavirus Rocks Already Strained Ties Between Us And China

WASHINGTON (AP) — Badly strained ties between the United States and China are deteriorating further with the two sides hurling harsh accusations and bitter name-calling over respon...

Amazon Limiting FBA Replenishments To High Demand Products Only

SEATTLE (VINnews) — As a result of the sharp increase in online shopping due to Coronavirus fears, Amazon is seeing basic houselhold items quickly sell out. In response to that,...

Dow Plunges 3,000 Points, As Coronavirus Market Collapse Continues; Worst Day Since ’87

NEW YORK (AP) - The Dow industrials took a 2,999-point nosedive on Monday as fears deepen that the coronavirus outbreak will throw global economy into recession. Even for a mar...