China's Industrial Firms Post Steepest Fall in Profits in a Decade

By Reuters
NYT World
Profits at China's industrial firms slumped in the first two months of the year to their lowest in at least a decade, with the mining, manufacturing and power sectors all seeing sharp falls, as a virus epidemic battered China's economy.
Published date: March 27, 2020 at 04:26AM
Reuters
New York Times article

Washington Set to Deliver $2.2 Trillion Virus Rescue Bill

By The Associated Press
NYT Business Day
With rare bipartisanship and speed, Washington is about to deliver massive, unprecedented legislation to speed help to individuals and businesses as the coronavirus pandemic takes a devastating toll on the U.S. economy and health care system.
Published date: March 27, 2020 at 12:23AM
AP
New York Times article

Today in History - March 26

Today in History - March 26

On March 26, 1874, publisher Condé Nast was born. A successful advertising executive for Collier’s, he introduced the concept of “class publications” or “lifestyle magazines.” Continue reading.

Click here to search Today in History for other historic moments.

Read more on https://loc.gov

Fed's Powell: U.S. May Be in Recession, Control of Virus to Dictate Timing of Economy Reopening

By Reuters
NYT Business Day
The United States "may well be in recession" but progress in controlling the spread of the coronavirus will dictate when the economy can fully reopen, Federal Reserve chair Jerome Powell said Thursday in an interview on NBC's Today Show.
Published date: March 26, 2020 at 01:44PM
Reuters
New York Times article

India Outlines $23-Billion Economic Stimulus to Help Poor Hit by Lockdown

By Reuters
NYT World
India announced on Thursday a 1.7-trillion-rupee ($22.6-billion) economic stimulus plan providing direct cash transfers and food security measures to give relief to millions of poor people hit by a nationwide lockdown over a coronavirus pandemic.
Published date: March 26, 2020 at 10:29AM
Reuters
New York Times article

UK's Daily Mirror, Mail Predict Coronavirus Financial Hit

By Reuters
NYT Business Day
The publishers of Britain's Daily Mail and Daily Mirror newspapers both flagged expected financial hits from the coronavirus crisis on Thursday, saying advertising and other revenue would be weakened.
Published date: March 26, 2020 at 09:53AM
Reuters
New York Times article

World Leaders to Meet Virtually to Coordinate Virus Response

By The Associated Press
NYT Business Day
Leaders of the world's most powerful economies will convene virtually on Thursday to try and coordinate a response to the fast-spreading coronavirus, which has shuttered businesses and forced well over a quarter of the world's population into home...
Published date: March 26, 2020 at 09:44AM
AP
New York Times article