Business

Grocery store chains across Minnesota are increasing wages for their employees who are on the front lines of the COVID-19 pandemic. 

The Dow Jones Industrial Average climbed 134 points, or 0.7 percent, while the S&P 500 and Nasdaq Composite rose 1.01 percent and 1.6 percent, respectively.

The United States is moving its tax deadline from April 15 to July 15, according to a tweet by Treasury Secretary Steven Mnuchin.

Bank of America has announced it will also implement a series of actions aimed at creating financial ease for its customers.

The Dow Jones Industrial Average rose 189 points, reversing a drop of 721 points, or 3.6 percent, shortly after the open. The S&P 500 also posted modest gains.

With the coronavirus pandemic coming during tax season in the U.S., and social distancing becoming the new normal for Americans, many tax preparers are changing the way they do things.

As the novel coronavirus global pandemic widens and worsens, the New York Stock Exchange is closing its iconic trading floor in Manhattan as well as two others and will move to fully electronic trading on Monday, March 23, its operator announced on Wednesday.

The early selling comes as the Trump administration and Congress hammer out the details of a $1 trillion stimulus package.

Under increasing pressure from the United Auto Workers union and amid multiple confirmed coronavirus cases originating from factories, Detroit's big three automakers are closing their plants for the time being.

In a statement on Tuesday, Macy’s Inc. announced it will close all of its stores temporarily by the end of the day due to the COVID-19 coronavirus outbreak.

U.S. equity markets opened higher Tuesday as investors tried to claw back some of their losses from the steepest one-day slide since the Black Monday crash of 1987.

Starbucks has announced that beginning on Sunday all of its North American stores will switch to a `to go' model for at least two weeks because of the coronavirus.

U.S. equity futures plunged limit down after the Federal Reserve took emergency action on Sunday evening.

The U.S. economy is in a recession expected to last through September, according to a revised forecast released Monday by UCLA that reflects rapid changes brought on by the coronavirus.

U.S. stock futures fell sharply after the Federal Reserve slashed interest rates and more companies and governments took action over the weekend to shut down European and American society in the face of the growing virus outbreak.

The CDC is now recommending that groups of 50 or more don't get together and a government expert is saying a 14-day national shutdown may be needed.

Officials across the country curtailed many elements of American life to fight the coronavirus outbreak on Sunday, with health officials recommending that groups of 50 or more don't get together and a government expert saying a 14-day national shutdown may be needed. 

The Federal Reserve takes emergency action Sunday and slashes its benchmark interest rate by a full percentage point to nearly zero and announces it will purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak