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President Trump suggested on Twitter that he planned to pivot away from advocating for health measures implemented to slow coronavirus in favor of boosting a struggling economy amid a draconian shutdown. Just before midnight on Sunday, Trump tweeted that “WE CANNOT LET THE CURE BE WORSE THAN THE PROBLEM ITSELF.” WE CANNOT LET THE CURE …
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New York Governor Andrew Cuomo delivers remarks at a news conference regarding the first confirmed case of coronavirus in N.Y., March 2, 2020. (Andrew Kelly/Reuters) The governors of New York and New Jersey have vowed to crack down on social distancing, or encouraging people to keep at least a few feet away from each other …
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The Federal Reserve announced a number of steps on Monday meant to shore up the US economy during the coronavirus crisis. The central bank said its Federal Open Market Committee will buy Treasury securities and mortgage-backed securities in “the amounts needed to support smooth market functioning” as part of a wide-ranging plan to blunt the …
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The Federal Reserve issued its most aggressive intervention to date to help markets struggling with coronavirus uncertainty to recover, including an expansion into its asset purchases with an unlimited commitment to buy agency mortgage-backed securities, and the establishment of a new loan program for small businesses. “The coronavirus pandemic is causing tremendous hardship across the …
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Bond girl Olga Kurylenko said she has “completely recovered” from the coronavirus after announcing earlier this month that she had contracted the deadly bug. Kurylenko, 40, posted the update to her Instagram page Sunday, along with a photo of her 4-year-old son Alexander sitting on her lap in front of a fireplace as she wore …
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Senate Democrats blocked a massive emergency coronavirus funding package from moving forward Sunday evening on the grounds that the package favored corporations over working Americans. The Senate voted 47-to-47 on moving forward with a “shell” bill, a placeholder that the actual final text of the emergency funding bill would eventually fill, short of the 60-votes …
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President Trump announced Sunday that the federal government would activate the National Guard to help California, New York, and Washington — three of the states hit hardest by the coronavirus pandemic — deal with the outbreak. “The federal government will be funding 100 percent of the cost of deploying national guard units to carry out …
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Tech giants Facebook, Apple and Salesforce have pledged to donate millions of masks to help health-care workers facing a shortage of protective gear during the coronavirus crisis. Facebook is working to source millions of masks to give away after donating 720,000 that the social-media giant had stockpiled in case wildfires continued in its home state …
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It’s going to be a tough spring for people who used to work at restaurants. After abruptly losing their jobs because of the coronavirus crisis, former waitstaff and kitchen workers at thousands of closed eateries citywide face a dismal job market, spotty health coverage and uncertain hopes for government handouts. “My biggest concern is for …
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New York’s once-thriving restaurant scene is fast becoming a graveyard. Less than a week after being ordered to close all dining room service and focus solely on takeout, eateries are pulling the plug on that business, too. Takeout and delivery orders in the face of crescendoing coronavirus contamination fears just aren’t pulling in enough dough …