Economy

People wearing a face mask to help curb the spread of the coronavirus stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 8, 2020. Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week.(AP Photo/Eugene Hoshiko)
AP News
May 07, 2020 - 11:45 pm
TOKYO (AP) — Asian shares surged Friday on optimism the worst of the economic fallout from the pandemic may be over, as Wall Street logged its biggest rally in a week. Japan's benchmark Nikkei 225 jumped 1.8% to 20,025.91. South Korea's Kospi jumped 1.3% to 1,954.48. Australia's S&P/ASX 200...
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A closed Neiman Marcus store is seen at the Garden State Plaza mall in Paramus, N.J., Thursday, May 7, 2020. Neiman Marcus filed for Chapter 11 bankruptcy protection, sounding an ominous note for department stores during the pandemic. (AP Photo/Seth Wenig)
Associated Press
May 07, 2020 - 4:50 pm
NEW YORK (AP) — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic. The move by the 112-year-old storied luxury department store chain was announced Thursday and follows the bankruptcy...
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Seen through a bridge glass panel covered in graffiti a man wearing a face mask walks in Sarajevo, Bosnia, Wednesday, May 6, 2020. After nearly two months in lockdown, mosques in Bosnia have reopened to believers celebrating the islamic holy month of Ramadan, who can attend three daytime prayers as long as they observe social distancing rules and use protective equipment. (AP Photo/Kemal Softic)
WWJ News
May 06, 2020 - 11:02 pm
WASHINGTON (AP) — As Europe and the U.S. loosen their lockdowns against the coronavirus, health experts are expressing growing dread over what they say is an all-but-certain second wave of deaths and infections that could force governments to clamp back down. “We’re risking a backslide that will be...
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FILE - In this Wednesday, April 15, 2020, file photo, an Illinois Department of Employment Security office is closed in Chicago. At least a half-dozen states, including Illinois, already have notified the federal government that they could need to borrow billions of dollars to pay unemployment benefits because their own trust funds are running out of money. Though the shortfalls won't prevent unemployed workers from getting government aid, the federal loans could lead to higher taxes for businesses in future years to repay the debt. (AP Photo/Nam Y. Huh, File)
Associated Press
May 06, 2020 - 9:24 am
BALTIMORE (AP) — U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy. The Wednesday report from payroll company ADP showed the tragic depth and...
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Workers manufacture face masks at a workshop in Bogota, Colombia, Wednesday, April 29, 2020. Oscar Henao a taxi driver by profession and his partner Adan Fajardo, owner of the small packaging workshop, created the plastic protection mask model they called the "mask of life,” to protect people from the coronavirus pandemic. (AP Photo/Fernando Vergara)
Associated Press
April 29, 2020 - 10:53 pm
Scientists on Wednesday announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that came as the economic gloom caused by the scourge deepened in the U.S. and Europe. The U.S. government...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2020. Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. (AP Photo/Ahn Young-joon)
Associated Press
April 29, 2020 - 2:29 pm
Stocks charged higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19. The optimism helped the S&P 500 vault 2.7% higher in afternoon trading, and it extended a rally that’s brought the U.S. stock market to the brink of its best month in 45 years...
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President Donald Trump signs a coronavirus aid package to direct funds to small businesses, hospitals, and testing, in the Oval Office of the White House, Friday, April 24, 2020, in Washington. Sen. Roy Blunt, R-Mo., left, and Jovita Carranza, administrator of the Small Business Administration look on. (AP Photo/Evan Vucci)
Associated Press
April 24, 2020 - 5:09 pm
WASHINGTON (AP) — Spend what it takes, Washington said as it confronted the coronavirus. Well over $2 trillion later, it’s unclear where that spending will end. One of the lasting legacies of the coronavirus pandemic will be staggering debts and deficits on the U.S. balance sheet, with shortfalls...
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Shannon Stafford styles the hair of Ebony Housey at her salon on Friday, April 24, 2020, in Savannah, Ga. Gov. Brian Kemp announced this week the resumption of elective medical procedures, as well as the reopening of certain close-contact businesses like gyms, barbershops and tattoo parlors. (AP Photo/Russ Bynum)
AP News
April 24, 2020 - 3:50 pm
SAVANNAH, Ga. (AP) — Four customers clutching masks were waiting outside David Huynh’s nail salon as he opened his Georgia business for the first time in four weeks Friday. Nearby, the lights were still off in clothing and jewelry stores closed because of the coronavirus pandemic, and many...
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President Donald Trump pauses while speaking about the coronavirus in the James Brady Press Briefing Room of the White House, Thursday, April 23, 2020, in Washington. (AP Photo/Alex Brandon)
Associated Press
April 24, 2020 - 9:14 am
WASHINGTON (AP) — President Donald Trump will hold a signing ceremony Friday for a bill providing a nearly $500 billion infusion of coronavirus spending, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and 1 in 6 U...
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Together Omaha food pantry workers load supplies into a vehicle driving up to the pantry in Omaha, Neb., Thursday, April 23, 2020. The number of Nebraska residents seeking unemployment benefits for the first time dropped again last week but is still far higher than usual as businesses struggle with the fallout from the coronavirus. The state received 12,340 new unemployment claims during the week that ended April 18, according to the U.S. Department of Labor. (AP Photo/Nati Harnik)
Associated Press
April 23, 2020 - 8:25 pm
NEW YORK (AP) — Unemployment in the U.S. is swelling to levels last seen during the Great Depression of the 1930s, with 1 in 6 American workers thrown out of a job by the coronavirus, according to new data released Thursday. In response to the deepening economic crisis, the House passed a nearly $...
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