National Business News

701,000 jobs slashed in March, report says A grim snapshot of the U.S. job market's sudden collapse emerged Friday with a report that employers shed hundreds of thousands of jobs last month because of th... by Compiled by Democrat-Gazette staff from wire reports - April 4, 2020

Bleak jobs report sends stocks down The stock market's first reaction to Friday's bad jobs report was to take it in stride. But Wall Street slid through the day as investors looked ahead to the li... by Compiled by Democrat-Gazette staff from wire reports - April 4, 2020

Oil execs strategize with Trump The OPEC oil cartel and Russia are pressing to form a global coalition to cut output and stem the historic rout in crude prices, with a deal balancing on a key ... by Compiled by Democrat-Gazette staff from wire reports - April 4, 2020

Banks overwhelmed as U.S. loan program debuts The Trump administration launched a $350 billion small-business lending effort Friday amid concerns that the program's infrastructure, finalized just hours befo... by AARON GREGG AND RENAE MERLE THE WASHINGTON POST - April 4, 2020

Trump pushes Congress for dining tax deduction President Donald Trump is leaning into his plea to Congress to restore full tax benefits prized by business for fine dining and schmoozing. Trump is seizing on... by MARCY GORDON THE ASSOCIATED PRESS - April 4, 2020

Kudlow: Deferring tariffs 'complicated' White House economic adviser Larry Kudlow said the Trump administration decided against deferring payments for certain tariffs for now, citing the complexity of... April 4, 2020

Altria, Juul accused of secret deal Altria Group Inc. pulled out of the e-cigarette market in the fall of 2018 because of a secret deal with rival Juul Labs Inc. -- not because of the public-healt... by DAVID MCLAUGHLIN, TIFFANY KARY AND ANGELICA LAVITO BLOOMBERG NEWS - April 4, 2020

Airlines ordered to refund for canceled flights Airlines must fully refund airfare to passengers whose flights have been canceled during the outbreak of covid-19, the U.S. Transportation Department ordered on... by Bloomberg News - April 4, 2020

Stocks pull lower after wavering earlier; crude oil climbs Stocks are falling in midday trading Friday, putting Wall Street on track for its third losing week in the last four. But the day's and the week's losses are mi... by The Associated Press - April 3, 2020

U.S. sheds most jobs in a decade, ending record hiring streak A record-long streak of U.S. job growth ended suddenly in March after nearly a decade, as employers slashed hundreds of thousands of jobs because of the viral o... by The Associated Press - April 3, 2020

Jobless claims shoot up to 6.6 million for week Applicants for unemployment benefits totaled 6.6 million last week as the coronavirus outbreak continued to ravage nearly every corner of the U.S. economy, the ... by Compiled by Democrat-Gazette staff from wire reports - April 3, 2020

Oil-price jump gives stocks a boost Wall Street rallied Thursday for its first gain in three days after a sudden surge in oil prices revived beaten-down energy stocks. But, as has so often been th... by STAN CHOE, DAMIAN J. TROISE AND ALEX VEIGA THE ASSOCIATED PRESS - April 3, 2020

U.S. trade gap at lowest since '16 The U.S. trade deficit tumbled in February to the lowest level since 2016 as exports fell and imports fell more. The politically sensitive gap in the trade of g... by Compiled by Democrat-Gazette staff from wire reports - April 3, 2020

Governor's companies to pay $5M Billionaire West Virginia Gov. Jim Justice's coal companies have agreed to pay more than $5 million for thousands of mine safety violations, federal prosecutors... by ANTHONY IZAGUIRRE THE ASSOCIATED PRESS - April 3, 2020

Critics fear big chains to sap aid from small-businesses As the federal government prepares to debut a $349 billion loan program meant to help small businesses survive the coronavirus pandemic, critics have growing co... by RYAN J. FOLEY THE ASSOCIATED PRESS - April 3, 2020