Federal Reserve Chairman Jerome Powell suggested that given the depth of the U.S. economic catastrophe, with perhaps 30 million people having lost jobs in the past six weeks, it will “probably will take some time for us to get back to a more normal level of employment and ultimately maximum employment.”
The Indiana State Department of Health said Wednesday that the cumulative death toll in the state rose to 964, up from 901 the previous day—an increase of 63.
During its recent first quarter financial results call, Delta Air Lines announced reductions of 80% in U.S. domestic capacity and 90% international capacity.
It was the sharpest fall since the economy shrank at an 8.4% annual rate in the fourth quarter of 2008 in the depths of the Great Recession.
Even as a few states began reopening some businesses this week, it remains unclear how long it will be before health experts declare it safe to cram ticket-buyers into sweaty arenas, concert halls or even performances of Shakespeare in the park.
Companies are being affected in different ways during the pandemic, but if there’s a common theme, it’s that the situation was bad in the first quarter, and it’s going to get worse.
With states lifting their coronavirus restrictions piecemeal and according to their own, often arbitrary, timetables, Americans are facing a bewildering multitude of decisions about what they should and should not do to protect their health, their livelihoods and their neighbors.
The Covid-19 pandemic is hampering research across the pharmaceutical industry, including at Indianapolis-based Eli Lilly and Co.
The Indiana State Department of Health on Tuesday announced it has reached an agreement with a subsidiary of United Health Group to open 20 testing sites around the state in the next week and 50 sites by mid-May.
The National Transportation Safety Board released the findings of its investigation into the July 2018 tragedy that killed nine members of an Indianapolis family.
The Indiana State Department of Health on Tuesday reported that 87,181 people have been tested so far, up from 84,476 in Monday’s report—an increase of 2,705 tests.
Facing criticism, several public companies quickly announced plans to return the money. Others say they need the funds and have no plans to return them.
At issue is how to balance protecting businesses from lawsuits that could lead to financial ruin, while also enabling justice for customers and workers who might not have the option of leaving their jobs for something safer.
The airline said trip cancellations have pulled back from a peak in March but remain at levels that Southwest has never seen, as customers scrap plans to travel during the coronavirus pandemic.
The Indiana-based engine manufacturer warned that the second quarter will be much more difficult, with production and demand largely sidelined by the pandemic.
Ford, General Motors and Fiat Chrysler factories have been idled for over a month due to fears of spreading the coronavirus.
Across the country, an ever-changing patchwork of loosening stay-home orders and business restrictions took shape Monday. Here’s a rundown.
The CDC put together so-called “decision trees” for at least seven types of organizations: schools, camps, childcare centers, religious facilities, mass transit systems, workplaces, and bars/restaurants.
Gov. Eric Holcomb has already closed all school buildings through the end of the academic year, but has not said what the coronavirus will mean for students over the summer or next fall.
And Gov. Eric Holcomb promised that later this week, he’ll provide a plan to start returning Hoosiers to work.
