Economy

In this Thursday, April 2, 2020 photo, an oil rig lights up the horizon on the outskirts of Midland, Texas after a late sunset. (Odessa American/Eli Hartman)
April 05, 2020 - 4:54 pm
NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In New Mexico, an oil truck driver who supports his family just went a week without pay. And in Alaska, lawmakers have had to dip into the state's savings as oil revenue dries up. The...
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A man is pushed in the wheelchair while wearing protective masks near Real Madrid's Santiago Bernabeu stadium in Madrid, Spain, Friday, March 13, 2020. Real Madrid have said its players were being placed in isolation after one of the club's basketball players, who share facilities with Madrid's soccer players, tested positive for the COVID-19 coronavirus. That led to the instant decision by the Spanish league to bring matches to a halt for the next two rounds. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness, especially in older adults and people with existing health problems. (AP Photo/Paul White)
April 05, 2020 - 9:19 am
MADRID (AP) — Soccer players in Spain on Sunday criticized the Spanish league’s decision to ask clubs to put the footballers on government furloughs during the coronavirus crisis. The league on Friday said the furloughs were needed because there was no agreement on the size of the salary cuts...
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In this April 1, 2020, photo the interior of the TCF Center with temporary hospital rooms is seen inside the convention center in Detroit. In the decade before Michigan and its largest city became the latest hotspot for the deadly coronavirus, officials were steadily cutting back on their first line of defense against pandemics and other health emergencies. Approaching bankruptcy, Detroit disbanded most of its public health department and handed its responsibilities to a private nonprofit. (AP Photo/Carlos Osorio)
April 05, 2020 - 8:19 am
In the decade before Michigan and its largest city became the latest hot spot for the deadly coronavirus, officials were steadily, and at times dramatically, cutting back on their first line of defense against pandemics and other public health emergencies. Approaching bankruptcy, Detroit disbanded...
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Applicants take written examination during a recruitment test for Ansan Urban Corporation at the Wa stadium in Ansan, South Korea, Saturday, April 4, 2020. The corporation decided to held their recruitment test at the outdoor stadium as part of precaution against the new coronavirus and also all applicants had to wear face masks and had their temperature checked. South Korea on Saturday extended for two weeks guidelines urging people to stick to social distancing. (Hong Ki-won/Yonhap via AP)
April 04, 2020 - 8:49 pm
This past week, New York got worse — far worse. In New York City, as morgue space ran out, people started wondering where the bodies will go and the funeral industry struggled to keep up. On the streets of a city accustomed to the exact opposite of social distancing, New Yorkers found a new,...
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In this photo made on, April 2, 2020, nurse anesthetist Jessica Poole checks for updates on the coronavirus pandemic in her home office in Greensburg, Pa. Poole, until a couple weeks ago, worked for a private anesthesia practice that serves the Pittsburgh area until she was laid off. She is one of the tens of thousands of medical workers across the United States suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning. (AP Photo/Keith Srakocic)
April 04, 2020 - 12:15 pm
HARRISBURG, Pa. (AP) — Tens of thousands of medical workers across the United States are suddenly out of work as operating rooms and doctor's offices go dark, casualties of urgent calls to prioritize coronavirus patients at overwhelmed hospitals and of the economic waves the crisis is churning...
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In this March 27, 2020 photo, Kim Simeon and children Annabel, 9, and Brennan, 11, pose for a photo with Nala, a dog they are fostering, in Omaha, Neb. The Simeon family was headed home to Omaha from a much-needed Smoky Mountains vacation when Kim Simeon spotted a social media post from the Nebraska Humane Society, pleading with people to consider fostering a pet. (AP Photo/Nati Harnik)
April 04, 2020 - 9:13 am
OMAHA, Neb. (AP) — The Simeon family was heading home to Omaha from a Smoky Mountains vacation when Kim Simeon spotted a social media post from the Nebraska Humane Society, pleading with people to consider fostering a pet amid concerns about how the coronavirus would affect operations. A day later...
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FILE - In this Wednesday, March 18, 2020 file photo, Visitors to the Department of Labor are turned away at the door by personnel due to closures over coronavirus concerns in New York. Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief. (AP Photo/John Minchillo, File)
AP News
April 04, 2020 - 9:10 am
Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief. State websites and phone lines across the country have been overwhelmed with applicants — causing sites to crash, phone lines to ring busy and much-needed...
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FILE- This Oct. 9, 2018, file photo shows an oil rig and pump jack in Midland, Texas. Goldman Sachs is warning of another sharp drop in oil prices, Thursday, March 26, 2020, saying some oil producers are eventually going to have to shut some wells because the coronavirus outbreak is crushing demand. (Jacob Ford/Odessa American via AP, File, File)
April 04, 2020 - 12:38 am
DUBAI, United Arab Emirates (AP) — Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers. Oil prices sharply fell after the...
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FILE - In this March 5, 2020, file photo, Dr. Deborah Birx, Ambassador and White House coronavirus response coordinator, holds a 3M N95 mask as she and Vice President Mike Pence visit 3M headquarters in Maplewood, Minn., in a meeting with the company's leaders and Minnesota Gov. Tim Walz to coordinate response to the COVID-19 coronavirus. On Friday, April 3, 2020, the manufacturing giant pushed back against criticism from Trump over production of face masks that are badly needed by American health care workers. 3M said the administration asked it to stop exporting medical-grade masks to Canada and Latin America, which the company said raises “significant humanitarian implications” and will backfire by causing other countries to retaliate against the U.S. (Glen Stubbe/Star Tribune via AP, File)/Star Tribune via AP)
April 03, 2020 - 8:37 pm
President Donald Trump said Friday his administration will try to stop “profiteers” from exporting medical protective gear, shortly after picking a fight with manufacturing giant 3M, a major producer and exporter of face masks used to protect health care workers from the coronavirus. 3M argued that...
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FILE - In this Feb. 4, 2020, file photo, President Donald Trump look to the first lady's box before delivering his State of the Union address to a joint session of Congress in the House Chamber on Capitol Hill in Washington, as Vice President Mike Pence and Speaker Nancy Pelosi watch. Trump and Pelosi have not spoken in five months at a time when the nation is battling its worst health crisis in a century. (Leah Millis/Pool via AP)
April 03, 2020 - 7:40 pm
WASHINGTON (AP) — Two of the most powerful people in Washington haven't spoken in five months at a time when the nation is battling its worst health crisis in a century, one that has already killed more than 6,000 Americans and put 10 million others out of work. President Donald Trump and House...
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