Economy

A waiter carries beers for customers sitting on a terrace bar in Tarragona, Spain, Monday, May 11, 2020. Roughly half of 47 million Spaniards are stepping into a softer version of the country's coronavirus strict confinement and are beginning to socialize, shop in small establishments and enjoy a meal or a coffee in restaurants and bars with outdoor seating. (AP Photo/Emilio Morenatti)
Associated Press
May 11, 2020 - 8:18 pm
NEW YORK (AP) — A top world health official Monday warned that countries are essentially driving blind in reopening their economies without setting up strong contact tracing to beat back flare-ups of the coronavirus. The warning came as France and Belgium emerged from lockdowns, the Netherlands...
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FILE - This April 13, 2014, file photo shows the Internal Revenue Service (IRS) headquarters building in Washington. The Treasury Department and the IRS are urging taxpayers who want to get their economic impact payments directly deposited to their bank accounts to enter their information online by Wednesday, May 11, 2020. The IRS said that people should use the “Get My Payment” tool on the IRS website by noon on Wednesday to provide their direct deposit information. (AP Photo/J. David Ake, File)
Associated Press
May 11, 2020 - 5:30 pm
The Treasury Department and the IRS are urging taxpayers who want to get their economic impact payments directly deposited to their bank accounts to enter their information online by Wednesday. The government has sent out about 130 million payments in the first four weeks of the program by both...
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FILE - In this Dec. 4, 2019 file photo, Wisconsin Gov. Tony Evers speaks during an interview with The Associated Press in his Statehouse office in Madison, Wis. Republican-controlled legislatures are increasingly trying to strip Democratic governors of their executive authority to close businesses and schools, a power grab that channels frustration over the economic toll of the coronavirus pandemic but could come with long-term consequences for how their states fight disease. (AP Photo/Scott Bauer, File)
Associated Press
May 11, 2020 - 1:29 pm
MADISON, Wis. (AP) — Republican-controlled legislatures are increasingly trying to strip Democratic governors of their executive authority to close businesses and schools, a power grab by lawmakers that channels frustration over the economic toll of the coronavirus pandemic but could come with long...
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FILE - In this May 7, 2020 file photo, a pedestrian walks by The Framing Gallery, closed due to the COVID-19 pandemic, in Grosse Pointe, Mich. The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.. (AP Photo/Paul Sancya, File)
AP News
May 08, 2020 - 9:55 am
WASHINGTON (AP) — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. The losses, reported by...
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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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