In the unofficial forecast numbers, Washington would lose $3.8 billion in revenue this current budget cycle. An additional $3.27 billion would be sheared off the 2021-23 budget cycle.

TOKYO (AP) — Asian shares were mixed Thursday after a decline on Wall Street after more depressing data rolled in on the devastation sweeping the global economy. Comments by President Donald Trump on trade with China and casting blame on Beijing for the coronavirus pandemic have further dampened sentiment. Japan’s benchmark Nikkei 225 gained 0.2% […]

The ride-hailing giant said Thursday it is offloading Jump, its bike and scooter business, to Lime, a company in which it is investing $85 million. Jump had been losing about $60 million a quarter.

As bad as the April jobs report was, it wasn’t quite as bad as analysts were expecting, which sent stocks and bond yields rising early Friday.

Business and government insiders say other companies and organizations are contemplating similarly extended time frames as they consider the new realities of the workplace in the COVID-19 era.

For the auto industry, which saw U.S. sales plunge almost 40% in March, the crisis has left cars gathering dust on dealer lots, dealerships shuttered, auction prices slipping and tens of thousands of workers laid off or furloughed.

The economic shock caused by the coronavirus is accelerating a tech-industry shift from prioritizing growth to profitability, meaning rank-and-file workers will no longer be immune to the forces confronting so many workers throughout America.

(Bloomberg) — Senate Democrats challenged a vow of “fairness and impartiality” by Brian Miller, President Donald Trump’s nominee to oversee trillions of dollars being spent in the effort to rescue the economy from the coronavirus pandemic. “President Trump has shown outright hostility to anyone who has tried to hold him accountable to the American people,” […]

This series of charts provides weekly data on how the Seattle-area economy is doing during the coronavirus crisis.

In the unofficial forecast numbers, Washington would lose $3.8 billion in revenue this current budget cycle. An additional $3.27 billion would be sheared off the 2021-23 budget cycle.

BALTIMORE (AP) — U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy. The Wednesday report from payroll company ADP showed the tragic depth and scale of job losses that left no part of the […]

NEW YORK (AP) — While thousands of small businesses waited for coronavirus relief money to arrive, they were shutting down and laying off workers. Two reports issued this week shed light on the crisis that business owners have been struggling through since the coronavirus hit. On Wednesday, payroll provider ADP said its small business customers […]

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to central governments, the work place and the spread of the virus. ________________________ JOB LOSSES: The pandemic jolted the global economy and millions of jobs have been lost. Those cuts continue daily. — A […]

Before the coronavirus pandemic, 232 cruise ships were slated to call in Seattle in 2020. After the latest cancellations, just 71 are still scheduled.

WASHINGTON (AP) — Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades. Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close […]

For the week ending May 2, the state received 109,167 initial claims for unemployment insurance, down almost 22% from the prior week, according to U.S. Labor Department figures released Thursday morning.

After initially telling businesses that individual disaster loans could be as high as $2 million, the Small Business Administration has now imposed a $150,000 limit without publicly announcing the change, people familiar with the situation said.

The decision by Council President M. Lorena González and Councilmember Teresa Mosqueda will stall the big-business tax championed by Councilmembers Kshama Sawant and Tammy Morales, which already faced opposition from Mayor Jenny Durkan.

WASHINGTON (AP) — Since its record-setting peak five weeks ago, the number of laid-off U.S. workers applying for jobless benefits, while still extraordinarily high, has steadily slowed. The trend suggests that the grimmest period of layoffs that began after businesses suddenly shut down in March has passed. Yet the economy — and tens of millions […]

The staggering losses are more than double what the nation experienced during the 2007-09 crisis, which used to be described as the harshest economic situation most people ever confronted.

About 14,800 initial unemployment claims by bartenders were filed from March 8 through April 25, which closely matches the number of people estimated to work as bartenders in Washington in the second quarter of 2020.

The Internal Revenue Service said it will accept bank account information until noon Wednesday for people who want to receive stimulus payments by direct deposit. After that, the IRS will send the money by check to the address on file, with those payments expected to arrive in late May and June, according to a statement […]

As Washington grapples with a tsunami of legitimate unemployment claims — more than 100,000 last week — the state also is seeing a rise in attempts by fraudsters to siphon off a portion of the benefits.

In many cases, the response from insurers has been: We don't cover viruses.

Cameco Corp. (CCJ, CCO.TO), a uranium producer, on Friday reported attributable net loss for the first quarter of $19 million or $0.05 per share, compared to net loss of $18 million or $0.05 per share in the year-ago period.

Imperial Oil Ltd. (IMO, IMO.TO) on Friday reported a net loss for the first quarter on lower revenues, noting that its results were impacted by COVID-19 and depressed March crude prices. The loss per share for the quarter was wider than analysts' estimates and revenues too missed their expectations.

Canadian shares may open on a negative note Friday morning, tracking lower Canadian and U.S. futures after trade war fears resurfaced following U.S. President Donald Trump threatening new tariffs on China.

The Canadian stock market was down sharply in negative territory at noon on Friday, as worries about the economic impact of the coronavirus pandemic triggered widespread selling once again.

The Canadian stock market ended notably lower on Friday with shares from across several sectors reeling under sustained selling pressure amid concerns about the economic impact of the coronavirus pandemic.

Canadian shares may open higher amid slightly waning fears about a U.S.-China. However, weak economic data may render the mood cautious and prompt investors to refrain from going on a buying spree.

The Canadian stock market got off to a bright start Friday morning and was holding firm a little past noon, riding on gains in consumer discretionary, financial and energy sections.

The Canadian stock market ended on a firm note on Friday, as investors shrugged off weak jobs data and indulged in some strong buying at several counters, reacting positively to news about several countries reopening their businesses.

Canadian shares are likely to open lower on Monday amid renewed concerns about U.S.-China trade war, continuing worries about the impact of the coronavirus outbreak, and revenue warnings from some top U.S. companies.

After a weak start and a subsequent rebound into positive territory, the Canadian stock market faltered and was marginally down at noon on Monday.

The Canadian stock market shrugged off a volatile start and a subsequent long spell in negative territory and ended on a firm not on Monday, thanks to some spirited buying in the final hour of the session.

Canadian shares are likely to open higher Thursday morning, tracking gains in European markets and higher futures on the back of data showing an unexpected jump in Chinese exports in the month of April.

The Canadian benchmark S&P/TSX Composite Index was holding in positive territory Thursday noon with some key stocks finding solid support at higher levels.

The Canadian stock market started off on a strong note, but kept paring gains as the session progressed, and eventually settled flat after briefly slipping into negative territory during the closing minutes.

Canadian shares are likely to open on a firm note Tuesday morning, tracking higher futures and a jump in crude oil prices.

The Canadian stock market was firmly in positive territory Monday noon after a steady start, as investors reacted to news about several countries relaxing shutdown restrictions and opening up some businesses.

The Canadian stock market came off early highs in the first hour itself, and despite gradually paring gains, managed to sign off on a positive note on Tuesday thanks to a good show by information technology shares.

Canadian shares are likely to open on a mixed note Wednesday morning, reacting to quarterly earnings reports and tracking the commodity prices and the trend in global stock markets.

Canadian shares were swinging between gains and losses Wednesday morning as investors looked for direction. Activity was largely stock specific with corporate earnings news setting the trend.

The Canadian stock market ended marginally up on Wednesday, thanks largely to strong gains in the technology section.

J.C. Penney Co. and Sephora USA Inc. agreed to resolve a legal dispute over the continued operation of in-store beauty boutiques. But they did not disclose the financial terms of the settlement.

Luxury department store chain Neiman Marcus Group Ltd. LLC has filed for bankruptcy protection citing the severe impact of coronavirus or COVID-19 pandemic on its business. In a statement, Neiman Marcus Group said it has entered into a Restructuring Support Agreement or RSA with a significant majority of its creditors to undergo a financial restructuring.

American ridesharing company Lyft, Inc. is set to roll-out a new health safety program that will ensure that riders and drivers are protected amid the ongoing coronavirus (COVID-19) outbreak. The new health and safety standards for ridesharing will require personal health certification for drivers and riders, face masks for drivers and riders as well as new health safety education.

Sobeauty Inc. is recalling about 600 "Mag Cube" magnetic ball sets citing risk of ingestion by children, the U.S. Consumer Product Safety Commission said in a statement. The recall was initiated after reports of many injuries to children with similar magnetic balls, which are warned to cause serious and permanent intestinal injuries or death.

The Libra Association, a consortium of major financial partners of Facebook's Libra cryptocurrency project, has appointed Stuart Levey, a former under secretary with the U.S. government, as its first chief executive officer. He will join the Libra Association later this summer and will be based out of Washington, D.C.

The Transportation Security Administration (TSA) has made it mandatory for its employees to wear facial protection equipment at airport screening areas as a coronavirus preventive measure. The decision will be implemented over the coming days. In its announcement Thursday, TSA also urged passengers to wear mask at security screening checkpoints. TSA has made it clear that passengers may be aske