All Economy
First LookFederal Reserve unleashes unprecedented support for US economyThe Federal Reserve's new programs go beyond any rescue attempt done during the 2008 crisis to both stabilize the economy and alleviate panic in financial markets. But economists warn that Congress鈥� fiscal support is essential and should come soon.
The next Tesla? Why Ohio鈥檚 鈥榁oltage Valley鈥� has high hopes.Lordstown Motors is retooling a shuttered GM factory to make electric pickup trucks. Success may hinge on federal policy as well as local ingenuity.
Grocery clerks get a new title: Emergency respondersAs unexpected front-line workers in a crisis, food store clerks win praise, respect, and even formal 鈥渆mergency worker鈥� recognition in some states.
FocusFrom Milan to Miami, locked-in nations try to soften an economic blowA global health crisis has become an economic crisis spurring governments to open checkbooks, not to avert a recession as much as to lessen severity.聽
First LookA temporary government stimulus brings stock market stabilityGovernments worldwide are quickly moving to establish financial aid packages to stabilize stock markets. The hope is to avoid a long-term economic recession due to coronavirus lockdowns.
Not just for the military: More chaplains come to employees鈥� aidWorkplace chaplains are becoming more common as some companies look to supplement employee assistance programs.
First Look'Despite whipping out the big guns' Dow dives 2,997 pointsVolatility is the new normal in Wall Street as the stock market plunged again for its worst day in more than three decades. But President Donald Trump and professional investors say the stock market could bounce back strongly as the virus gets under control.聽
First LookPreventative move? US Fed Reserve abruptly cuts interest ratesConcerned about slowing economic activity, the U.S. Federal Reserve made a surprise move Sunday to cut rates and inject $700B into bond markets.聽
First LookWorst market day since 1987; wide-scale event cancellationWall Street ended its unprecedented bull-market run of nearly 11 years Thursday when the S&P 500 plummeted 9.5%. The cancellations of sports tournaments, cultural events, travel, and more gain momentum worldwide.
When fear goes viral: Battling prejudice in ChinatownFear of COVID-19 can fan racism. But our reporter finds that communities around the world are countering prejudice with acts of kindness and gratitude.
FocusWhy COVID-19 is likely to change globalization, not reverse itCan the world鈥檚 connecting fabric be undone by the coronavirus? Business experts say the benefits of trade are undiminished.
First LookBlack Monday: Why global stocks and oil prices plungedThe combination of the Russia vs. Saudi Arabia oil price war and a crash in equities triggered by coronavirus economic concerns led to what analysts are calling a "Black Monday." Investors expect the European Central Bank聽 to announce new stimulus measures.
First LookUS stocks plunge: Why it might be a healthy correctionFrom Monday to Wednesday, the S&P index dropped more than 10% over coronavirus fears, the fastest drop in history. But it could be a healthy correction, experts say, eliminating excesses built up after extended runs of market optimism.聽
鈥楽hould you exist?鈥� Billionaires face rising criticism alongside rising power.Money talks in a capitalist society. But amid rising inequality, some Americans are wondering whether there is such a thing as being too wealthy.
First LookDow drops 1,000 points as virus fear spreads beyond ChinaThe Dow Jones Industrial Average fell more than 1,000 points Monday amid the spread of coronavirus cases beyond China. Investors are signaling concern about the potential threat to global business.聽
How coal mine waste could help build your next phoneTo the coal mining industry, cleaning acid drainage is a burden. Some researchers see the mine waste as a possible source of now-scarce minerals.
First a trade war. Now coronavirus. The roller coaster life of a US farmer.A U.S.-China trade deal allays Farm Belt worries, but coronavirus and swine flu in China are also affecting exports for farmers like Andy Stickel.
Four-day workweek: Why idea of shorter hours gains supportTechnology can make us feel busier than ever. But in theory it can liberate. Labor-union leaders and others envision the rise of shorter workweeks.
West Virginia鈥檚 coal culture runs deep. It is also evolving.Once having the third-lowest power costs in the U.S., West Virginia now ranks 21st. The new economics challenge a coal-rooted state identity.
First LookWhy unaffordable rental housing may be new normal in the USThe price of rental properties has risen by 150% between 2010 and 2020, and it may continue to rise,聽according to a new Harvard study. The nation's lowest-income renters are feeling the brunt of the housing crisis.
