Business News

In the middle of the coronavirus crisis, some hospitals fear financial ruin

HRAUN/iStock(NEW YORK) — As officials scramble to supply hospitals with much needed protective equipment for doctors and nurses fighting the novel coronavirus on the front lines, hospital leaders around the country warn that they are running low on another critical supply: money.Hospitals have taken a significant loss of revenue as they cut back lucrative elective…read more »

Student loans get put on hold in coronavirus stimulus bill — Here’s what to know

BrianAJackson/iStock(NEW YORK) — With the coronavirus pandemic spreading throughout the United States and crippling the economy, Congress moved quickly to approve a $2 trillion relief bill, which President Donald Trump soon signed.Included in the bill is relief for borrowers of certain types of student loans — they’ll see their interest frozen and payments suspended through…read more »

How businesses are adapting to a coronavirus pandemic economy

iStock(NEW YORK) — In just a few weeks, the novel coronavirus outbreak has changed the way thousands of companies operate in an unprecedented manner. As business owners and employees navigate the new normal, here are some of the ways they have adapted to stay operating amid a global pandemic.The COVID-19 outbreak has delivered an indiscriminate…read more »

EPA to limit enforcement of environmental laws during coronavirus emergency, giving companies more flexibility

Skyhobo/iStock(WASHINGTON) — The Environmental Protection Agency will put companies and specific facilities in charge of monitoring their own compliance with environmental laws during the novel coronavirus emergency, according to officials.This move has led critics to accuse the agency of backing off its role to prevent uncontrolled pollution or other violations.EPA argued the change was needed…read more »

Coronavirus economic updates: Markets slip after three-day rally

Sushiman/iStock(NEW YORK) — The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling. Here’s the latest news on how the COVID-19 crisis is affecting the economy: IMF chief predicts a ‘quite deep’ recession for 2020Kristalina Georgieva, the managing director of the…read more »

Brands say thank you to health care workers with free shoes, Starbucks and more

HRAUN/iStock(NEW YORK) — A pandemic of the novel coronavirus has now killed more than 24,000 people around the world.With more than 85,000 diagnosed cases, the United States has the highest national total in the world.Medical personnel around the world have been working hard to help those impacted by COVID-19. They are the front line of…read more »

Construction unions call for better safety, health protections during pandemic

flukyfluky/iStock(NEW YORK) — Working in construction during the coronavirus pandemic has split the industry down the middle, according to advocates and health experts.On one hand, buildings, roads and utilities need regular maintenance and upgrades, and millions of blue-collar workers need those jobs to support families, construction union leaders said. At the same time, those close-knit…read more »

Will coronavirus break the Internet? Here’s what the experts say.

Jokic/iStock(NEW YORK) — As the novel coronavirus makes its insidious way around the world, many businesses have mandated that employees whose work does not require their physical presence to work from home — a real-time stress test of America’s internet infrastructure.Experts are seeing traffic surges in both home broadband Internet and, in some instances, cellular…read more »