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FILE - In this March 13, 2020 file photo, unionized hospitality workers wait in line in a basement garage to apply for unemployment benefits at the Hospitality Training Academy in Los Angeles.  More than 6.6 million Americans applied for unemployment benefits last week, far exceeding a record high set just last week, a sign that layoffs are accelerating in the midst of the coronavirus.   (AP Photo/Marcio Jose Sanchez, File)

A record 10 million sought US jobless aid in past 2 weeks

Apr. 2, 2020 11:57 AM EDT

WASHINGTON (AP) — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus outbreak. Combined with last week's report that 3.3 million people sought...

Residents carry their belongings as they walk past a toll booth to enter the city of Wuhan which is still under lockdown due to the coronavirus outbreak but have started allowing some residents to return in central China's Hubei province on Thursday, April 2, 2020. (AP Photo/Ng Han Guan)

Economic fallout mounts, along with competition for masks

Apr. 2, 2020 11:43 AM EDT

NEW YORK (AP) — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks, in the swiftest, most stunning collapse the U.S. job market has ever seen, and the losses could double by the end of the month, as the economic damage from the crisis piles up around the world. The bleak...

FILE - In this June 15, 2017, file photo, bagged purchases from the Kroger grocery store in Flowood, Miss., sit inside this shopping cart. A group of Instacart workers are organizing a strike across the U.S. starting Monday, March 30, 2020, to demand more pay and protection as they struggle to meet a surge in demand for grocery deliveries during the coronavirus pandemic. It was unclear how many of Instacart's shoppers - most of whom work as independent contractors - would join the strike. (AP Photo/Rogelio V. Solis, File)

Some Instacart, Amazon workers strike as jobs get riskier

Mar. 31, 2020 10:04 AM EDT

NEW YORK (AP) — Some Instacart and Amazon warehouse workers walked off the job Monday demanding greater safeguards against the coronavirus, even as both companies are speed-hiring hundreds of thousands of new workers to handle a surge in delivery orders. The one-day strikes had little impact on consumers,...

People wearing protective clothings, masks and gloves, attend the funeral of a victim who died after being infected with the new coronavirus, at a cemetery just outside Tehran, Iran, Monday, March 30, 2020.The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Ebrahim Noroozi)

Prisoners riot in Iran; Netanyahu goes into self-quarantine

Mar. 30, 2020 7:11 PM EDT

TEHRAN, Iran (AP) — Prisoners in southern Iran broke cameras and caused other damage during a riot, state media reported Monday, the latest in a series of violent prison disturbances in the country, which is battling the most severe coronavirus outbreak in the Middle East. Israel meanwhile announced that...

FILE - In this June 15, 2017, file photo, bagged purchases from the Kroger grocery store in Flowood, Miss., sit inside this shopping cart. A group of Instacart workers are organizing a strike across the U.S. starting Monday, March 30, 2020, to demand more pay and protection as they struggle to meet a surge in demand for grocery deliveries during the coronavirus pandemic. It was unclear how many of Instacart's shoppers - most of whom work as independent contractors - would join the strike. (AP Photo/Rogelio V. Solis, File)

Instacart workers seek strike as jobs get busier, riskier

Mar. 29, 2020 9:19 PM EDT

NEW YORK (AP) — A possible strike by Instacart workers highlights the impact of the coronavirus outbreak on the grocery delivery business, where workers are worried about their safety as they try to meet a surge in demand for online groceries. A group called the Gig Workers Collective is calling for a...

A man balances boxes of food that he picked up from Masbia Soup Kitchen, Thursday, March 26, 2020 during the coronavirus pandemic in the Brooklyn borough of New York. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Mark Lennihan)

Staying afloat: $2.2 trillion bill offers economic lifeline

Mar. 27, 2020 6:33 PM EDT

WASHINGTON (AP) — In the coronavirus crisis, even doctors can face a cash crunch. Dr. Benjamin Ticho, an ophthalmologist in Chicago Ridge, Illinois, has seen his revenue plunge 80% as patients stay home and he cancels non-emergency surgeries. He’s cut his staff’s hours sharply and is...

Tennessee weekly jobless claims 14 times higher amid virus

Mar. 26, 2020 6:25 PM EDT

NASHVILLE, Tenn. (AP) — Tennessee saw more than 14 times as many new unemployment claims filed last week compared to the previous one, quantifying some of the economic consequences of a global coronavirus pandemic that has shuttered businesses to curb further infection. According to U.S. Department of...

House Speaker Nancy Pelosi of Calif., heads to a news conference on Capitol Hill in Washington, Thursday, March 26, 2020. (AP Photo/Susan Walsh)

Pelosi forecasts House OK of Senate's $2.2T virus aid plan

Mar. 26, 2020 12:22 PM EDT

WASHINGTON (AP) — The House will give final approval Friday to the massive $2.2 trillion economic rescue bill with robust backing from both parties, Speaker Nancy Pelosi said, a vote that would cap Congress' tumultuous effort to rush the relief to a nation battered by the coronavirus. Pelosi spoke...

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)

Trump, Congress agree on $2 trillion virus rescue bill

Mar. 25, 2020 3:17 AM EDT

WASHINGTON (AP) — The White House and Senate leaders of both parties announced agreement early Wednesday on unprecedented emergency legislation to rush sweeping aid to businesses, workers and a health care system slammed by the coronavirus pandemic. The urgently needed pandemic response measure is the...

Barber Sami Matta, left, gives a haircut to Steve Perosino, of Dedham, Mass., right, at Chris & Sam's Barbershop, in Norwood, Mass., Monday, March 23, 2020. The Barbershop is to close by noon Tuesday, March 24, in keeping with Mass. Gov. Charlie Baker's order that all non-essential businesses close at noon Tuesday and remain closed through Tuesday, April 7, out of concern about the spread of the coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the new virus. (AP Photo/Steven Senne)

Monday: Big layoffs, bigger hirings, massive markets swings

Mar. 23, 2020 4:57 PM EDT

The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Following are business developments Monday related to the outbreak as governments attempt to stabilize their economies, companies struggle to cope and millions of people face job losses...