virus

Kirk Douglas’ widow, Anne Buydens, celebrated her 101st birthday on Thursday with a car procession held by friends and family, including her grandson, Cameron Douglas. Cameron, the son of actor Michael Douglas, 75, captured the celebration on his Instagram Stories. “Here we are, coming to Anne’s 101st birthday,” Cameron noted while in the car with …

The feds granted a a trio of news outlets millions of dollars in small-business rescue loans as the coronavirus crisis battered the media industry. The Seattle Times, the Tampa Bay Times and political news website Axios received multimillion-dollar, government-backed loans through the $349 billion Paycheck Protection Program, which aims to help small businesses retain jobs …

American businesses are worried about getting sued as some prepare to reopen amid the coronavirus crisis, the head of the US Chamber of Commerce says. Businesses are “anxious” about reopening because the pandemic has created a patchwork of rules and regulations that could expose them to legal liabilities, according to chamber president Suzanne Clark. “When …

Verizon said it expects profits to shrink this year as the coronavirus crisis squeezes its wireless, pay TV and media divisions. The telecom giant said Friday it lost 68,000 phone subscribers during the first quarter, due mostly to the fact that the wireless provider had to close 70 percent of its stores during the pandemic, …

An economy starved of savings has little resilience to any shock. It will be, moreover, a great advantage of the order of events which I am advocating, that the euthanasia of the rentier, of the functionless investor, will be nothing sudden, merely a gradual but prolonged continuance of what we have seen recently in Great …

US stocks posted tentative gains early Friday as Wall Street tried to end a rocky week on a high note. The Dow Jones industrial average climbed as much as 202.63 points, or 0.8 percent, in early trading but pared the gain to just 12.02 points as of 10:14 a.m. The S&P 500 jumped as much …

The coronavirus death toll in the U.S. stood at 49,963 Friday morning after increasing by 3,000 in the previous 24 hours, with almost 870,000 cases confirmed throughout the country. Some 16,000 of those coronavirus deaths have occurred in New York, which has emerged as the hardest hit states with more than 260,000 cases. Meanwhile, a …

Treasury Secretary Steve Mnuchin on Thursday announced he was considering creating a federal lending program for oil companies currently facing numerous challenges during the coronavirus pandemic. “One of the components we’re looking at is providing a lending facility for the industry,” Mnuchin told Bloomberg. “We’re looking at a lot of different options, and we have not …

Former vice president Joe Biden predicted Thursday that President Trump will attempt to delay the November general election. “Mark my words I think he is gonna try to kick back the election somehow, come up with some rationale why it can’t be held,” the presumptive Democratic nominee said during an online fundraiser. “That’s the only way …

Officials at big companies could be sent to the slammer for taking loans meant to help small businesses amid the coronavirus crisis. Amid growing scrutiny of its $349 billion Paycheck Protection Program, the US Treasury Department on Thursday urged the dozens of publicly traded companies that got millions of dollars in government-backed loans to return …