Small business lending program on hold after reaching limit
JOYCE M. ROSENBERG and ANDREW TAYLOR
AP Business Writer
NEW YORK (AP) — The government's lending program for small businesses is on hold.
The Small Business...
Banks brace for big loan defaults by US, global customers
KEN SWEET
AP Business Writer
NEW YORK (AP) — The major banks in the U.S. are anticipating a flood of loan defaults as households and...
Government nears lending limit on small business program
NEW YORK (AP) — The government is approaching the $349 billion lending limit on its Paycheck Protection Program that is funneling relief money to...
Commerce locks up and retail sales plunge unprecedented 8.7%
CHRISTOPHER RUGABER and ANNE D'INNOCENZIO
AP Economics Writer
WASHINGTON (AP) — U.S. retail sales plummeted 8.7% in March, an unprecedented decline, as the viral outbreak...
Factory shutdowns near WWII demobilization levels in US
PAUL WISEMAN AP
Economics Writer
WASHINGTON (AP) — American industry collapsed in March as the pandemic wreaked havoc on the U.S. economy. Manufacturing and overall...
IMF: Global economy will suffer worst year since Depression
By PAUL WISEMAN and MARTIN CRUTSINGER AP Economics Writers
WASHINGTON (AP) — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer...
Virus fuels pot industry’s push for online sales, delivery
THOMAS PEIPERT
Associated Press
DENVER (AP) — Colorado has made online sales of recreational marijuana legal during the coronavirus pandemic, fulfilling one of the pot...
US stocks head lower following their biggest week since 1974
ALEX VEIGA
AP Business Writer
Stocks fell broadly on Wall Street in morning trading Monday, erasing some of the market's gains after its best week...
US restaurants turn to grocery sales to help offset losses
JIM SALTER
Associated Press
O'FALLON, Mo. (AP) — Charlene Gulliford at the Gandy Dancer never figured there would come a day when the Michigan restaurant...
OPEC, oil nations agree to nearly 10M barrel cut amid virus
JON GAMBRELL
Associated Press
DUBAI, United Arab Emirates (AP) — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly...