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National

JPMorgan 1Q profit plunges as virus causes massive losses

JPMorgan Chase said its first-quarter profits plunged by 69 percent from a year ago, as the bank was forced to set aside billions of dollars to cover potential losses tied to the coronavirus pandemic. Chase, the nation’s largest bank by ...

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J&J slashes outlook, races to develop coronavirus vaccine

Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, slashed its 2020 sales forecast by billions of dollars and also cut its profit expectations. It’s one of the first major U.S. corporations to report first-quarter earnings and likely a ...

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Detained immigrants plead for masks, protection from virus

Elsy was on the phone in an immigration detention center when guards showed up with face masks and forms to sign. The asylum-seeker from El Salvador and others had resorted to tearing their T-shirts into face coverings after a woman ...

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Cities, counties fear losing out on US virus rescue funding

The $2.2 trillion federal rescue package could fail to deliver badly needed financial aid to thousands of smaller cities and counties where a majority of Americans live, according to documents and interviews with local officials. The coronavirus outbreak has blown ...

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Far-right US politicians label lockdowns anti-constitutional

In deeply conservative eastern Washington state, a prominent state lawmaker kicked out of his Republican Party caucus labels the coronavirus a foreign bio-weapon, accuses Marxists of using the pandemic to advance totalitarianism and rails against lockdown restrictions imposed by the ...

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Trump claims he has ‘total’ authority over reopening economy

President Donald Trump claimed the “total” authority to decide how and when to reopen the economy after weeks of tough social distancing guidelines aimed at fighting the new coronavirus. But governors from both parties were quick to push back, noting ...

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U.S. Supreme Court to hold May arguments by teleconference

The Supreme Court said Monday it will hold arguments by teleconference in May in key cases, including President Donald Trump’s bid to shield his tax and other financial records. The court will make live audio of the arguments available for the ...

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Traffic drop from stay-at-home orders imperils road funding

America’s roads are a lot less congested, due to coronavirus shutdowns that have kept millions of commuters, shoppers and vacationers parked at their homes. While that makes it easier to patch potholes, it also could spell trouble for road and ...

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US restaurants turn to grocery sales to help offset losses

Charlene Gulliford at the Gandy Dancer never figured there would come a day when the Michigan restaurant known for its steaks and seafood would sell toilet paper and cartons of eggs, but the coronavirus has restaurants in survival mode. The ...

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‘Absolute chaos’ as businesses try to tap into rescue funds

Desperate small business owners who hoped for a quick government lifeline to help them survive the coronavirus crisis are still without funds, instead battling red tape, wary banks and swamped computer systems. Thousands of owners who applied for loans under ...

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Fauci comments on US virus response seem to draw Trump’s ire

Social restrictions aimed at stopping the spread of the coronavirus could have saved lives if they’d been started earlier, and when they’re eased new cases are certain to arise, said the nation’s top infectious disease expert, Dr. Anthony Fauci, seeming ...

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