The S&P 500 had been climbing for much of the day and was up as much as 1.1 percent at one point. But it all disappeared after President Trump said he’ll hold a news conference about China on Friday. 5:30 p.m.
“The true emergency period has evolved over time and this bill addresses that,” said Steve Chabot of Ohio, the top Republican on the Small Business Committee. “The flexibility that this allows America’s small businesses is going to go a long way to address the concerns we have heard time and time again.” 5:08 p.m.
Winston Flowers said Thursday that it would permanently close three of its retail florist shops, including one in Boston and two in the suburbs, citing economic losses incurred during the COVID-19 pandemic. 3:46 p.m.
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The US economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter. 9:00 a.m.
That number is the best estimate and most assuredly an undercount. But it represents the stark reality that more Americans have died from the virus than from the Vietnam and Korea wars combined. 6:16 p.m.