Business

Gas USA is selling gas for 97.9 cents a gallon, Monday, March 30, 2020, in Cleveland. Oil started the year above $60 and has plunged on expectations that a weakened economy will burn less fuel. The world is awash in oil, meanwhile, as producers continue to pull more of it out of the ground. (AP Photo/Tony Dejak)
Associated Press
March 30, 2020 - 3:51 pm
DALLAS (AP) — U.S. gasoline prices have dropped to their lowest levels in four years, and they are almost sure to go lower as oil prices plunge. Price-tracking services put the national average Monday around $2 a gallon. Some stations were spotted charging under a dollar. But don't expect a...
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Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he arrives on Capitol Hill, Wednesday, March 25, 2020, in Washington. (AP Photo/Andrew Harnik)
Associated Press
March 26, 2020 - 5:00 am
WASHINGTON (AP) — The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic. The unanimous vote Wednesday came despite misgivings on both sides about whether it goes too far or not far...
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Treasury Secretary Steven Mnuchin, left, accompanied by White House Legislative Affairs Director Eric Ueland and acting White House chief of staff Mark Meadows, speaks with reporters as he walks to the offices of Senate Majority Leader Mitch McConnell of Ky. on Capitol Hill in Washington, Tuesday, March 24, 2020. (AP Photo/Patrick Semansky)
Associated Press
March 25, 2020 - 12:50 am
WASHINGTON (AP) — The White House and Senate leaders of both parties struck an agreement late Tuesday on a sweeping $2 trillion measure to aid workers, businesses and a health care system strained by the rapidly spreading coronavirus outbreak. The agreement came after days of often intense haggling...
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FILE - In this March 20, 2020 file photo, an empty baggage carousel spins in Denver International Airport as travelers deal with the spread of the coronavirus in Denver. Airline service in the United States is teetering on the brink of collapse, with near-empty planes and coronavirus-caused outbreaks that have left some air traffic control towers empty. Even with sharply reduced schedules, airlines are consolidating some of the remaining flights because passengers aren’t showing up. (AP Photo/David Zalubowski, File)
Associated Press
March 24, 2020 - 2:02 pm
Airline service in the United States is teetering on the brink of collapse, with near-empty planes and coronavirus outbreaks that have left some air traffic control towers empty. Even with sharply reduced schedules, airlines are consolidating some of the remaining flights because passengers aren’t...
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Senate Majority Leader Mitch McConnell of Ky. speaks to reporters outside the Senate chamber after Democrats blocked a coronavirus aid package on Capitol Hill, Monday, March 23, 2020, in Washington. (AP Photo/Andrew Harnik)
Associated Press
March 24, 2020 - 4:31 am
WASHINGTON (AP) — Top congressional and White House officials emerged from grueling negotiations at the Capitol over the nearly $2 trillion coronavirus rescue package saying they expected to reach a deal Tuesday. Treasury Secretary Steven Mnuchin and Senate Democratic leader Chuck Schumer said they...
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A man crosses a nearly empty street in San Francisco, Tuesday, March 17, 2020. Officials in seven San Francisco Bay Area counties have issued a shelter-in-place mandate affecting about 7 million people, including the city of San Francisco itself. The order says residents must stay inside and venture out only for necessities for three weeks starting Tuesday. (AP Photo/Jeff Chiu)
Associated Press
March 17, 2020 - 8:09 pm
SAN FRANCISCO (AP) — Millions in the San Francisco Bay Area found empty highways, shuttered stores and vacant streets Tuesday as officials began enforcing an order for residents to stay at home and only leave for “essential" reasons in a desperate attempt to slow the spread of the coronavirus...
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A closed sign is posted to the entrance of the Musée Mécanique penny arcade at Fisherman's Wharf Monday, March 16, 2020, in San Francisco. Officials in six San Francisco Bay Area counties issued a shelter-in-place mandate Monday affecting nearly 7 million people, including the city of San Francisco itself. The order says residents must stay inside and venture out only for necessities for three weeks starting Tuesday in a desperate attempt by officials to curb the spread of the novel coronavirus. (AP Photo/Eric Risberg)
Associated Press
March 16, 2020 - 7:52 pm
SAN FRANCISCO (AP) — Officials in six San Francisco Bay Area counties issued a sweeping shelter-in-place mandate Monday affecting nearly 7 million people, ordering residents to stay at home and go outside only for food, medicine and outings that are absolutely essential. The order says residents...
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Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Feb. 28, 2020. Global stock markets are falling further on spreading virus fears. (AP Photo/Richard Drew)
Associated Press
February 28, 2020 - 5:18 pm
Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S. markets to their worst weekly finish since the 2008 financial crisis. The damage from the week of relentless selling was eye-popping: The Dow Jones Industrial Average...
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A man wearing a face mask walks past statues of bulls in Beijing, Friday, Feb. 28, 2020. Asian stock markets fell further Friday on spreading virus fears, deepening an global rout after Wall Street endured its biggest one-day drop in nine years. (AP Photo/Mark Schiefelbein)
Associated Press
February 28, 2020 - 6:50 am
Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008. Germany's DAX skidded as much as 5% before stabilizing, Tokyo and Shanghai closed 3.7% lower...
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FILE - In this May 4, 2018, file photo, a man walks past a branch of HSBC bank in Hong Kong. Europe's biggest bank has reported that its net profit fell 53% in 2019 to $6 billion. London-based HSBC, whose profit is mainly from Asia, said it plans to revamp its U.S. and European business and shed $100 billion in assets to improve its profitability. (AP Photo/Kin Cheung, File)
Associated Press
February 18, 2020 - 3:28 am
HSBC bank said Tuesday it will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and better cope with a slew of global uncertainties. The interim chief executive, Noel Quinn, said the number of people employed by the bank would fall from 235,000 to 200,000...
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