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Economic Stimulus

Fed survey: Economy rebounding, helped by stimulus, vaccines

A Federal Reserve survey has found that the economy was rebounding in late February through early April, helped by billions of dollars in a...

Banks to see big profits as COVID ‘bad’ loans become ‘good’

NEW YORK (AP) — The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers...

California plans $536M for forests before wildfire season

SACRAMENTO, Calif. (AP) — California will authorize $536 million toward forest management projects and efforts to reduce wildfires before the worst of the fire...

March hiring accelerated to 916K, yet many jobs remain lost

WASHINGTON (AP) — America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the...

Asian stocks advance on vaccine, stimulus optimism

BEIJING (AP) — Asian stocks rose Monday after Wall Street hit a new high and investors were encouraged by government stimulus and the rollout...

Indiana man charged with killing 4 after stimulus argument

INDIANAPOLIS (AP) — An Indianapolis man was formally charged with murder Thursday in the killings of three adults and a child he allegedly shot...

The road show begins: VP Harris, Jill Biden promote aid plan

LAS VEGAS (AP) — From a vaccination site in the desert West to a grade school on the Eastern seaboard, President Joe Biden’s top...

Democrats bank on relief aid to win back wary working class

JEANNETTE, Pa. (AP) — When Joe Biden visited this corner of southwestern Pennsylvania in the final weeks before the election, his goal wasn't to...

Stocks mostly shake off a weak start, edge to more records

A late-afternoon burst of buying helped nudge several U.S. stock indexes to all-time highs Friday, despite a pullback in Big Tech companies as bond...

Nonprofits hail anti-poverty aspects of COVID relief measure

Nonprofit advocates have hailed Congress’ passage of a $1.9 trillion pandemic relief measure that has the potential to lift millions of people out of...

Greece outlines new coronavirus relief package

ATHENS, Greece (AP) — Greece’s prime minister has outlined a new 2.5 billion-euro ($3 billion) package of relief measures for businesses and workers affected...

Restaurants are big beneficiaries of COVID-19 relief bill

NEW YORK (AP) — Restaurants devastated by the coronavirus outbreak are getting a lifeline from the pandemic relief package that’s awaiting President Joe Biden's...

Forecast: Virus vaccines help inject hope in world economy

PARIS (AP) — The world economy is bouncing back from the pandemic crisis faster than expected, thanks in part to successful coronavirus vaccines and...

Asian shares trade mixed on recovery hopes, yield worries

TOKYO (AP) — Asian shares were mixed Tuesday, cheered by the imminent passage of the U.S. stimulus package, although that optimism was tempered by...

EXPLAINER: What’s happened so far at China’s annual congress

BEIJING (AP) — Midway through its annual session, China’s ceremonial parliament is focusing on boosting the economy, building self-reliance in technology and further squeezing...

Asian shares mixed after US stimulus bill, profit-taking

TOKYO (AP) — Asian shares were mixed Monday, as some indexes were lifted by hopes for a gradual global recovery after the U.S. economic...

EXPLAINER: 5 key takeaways from the February jobs report

WASHINGTON (AP) — America's job market delivered a burst of strength in February. It lifted hopes that the rollout of viral vaccines, the distribution...

Asian shares advance despite Wall Street retreat

BANGKOK (AP) — Stocks advanced in Asia on Wednesday after a wobbly day on Wall Street, when the S&P 500 gave back most of...

Asian shares rise on hopes for US stimulus package

TOKYO (AP) — Asian shares rose Monday on hopes for President Joe Biden's stimulus package and bargain-hunting after sell offs last week. ...

Republicans test history in vote against pandemic relief

NEW YORK (AP) — With the nation's financial system on the brink of collapse, all but three Republicans voted against the massive stimulus package...

A bumpy day leaves stocks mostly lower; bond yields ease

A choppy day on Wall Street ended with stocks mostly lower Friday, helping push the S&P 500 to its second straight weekly loss. ...

Asian shares slip on jitters over inflation, interest rates

BANGKOK (AP) — Shares fell Wednesday in Asia as investors weighed the possibility that inflation might prompt central banks to adjust their ultra-low interest...

The Latest: Tennessee probe finds wasted vaccines

MEMPHIS, Tenn. — More than 2,400 doses of COVID-19 vaccines in Tennessee’s most populous county went to waste over the past month while local...

California governor signs $7.6 billion stimulus package

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed a $7.6 billion coronavirus relief package on Tuesday that will give at least $600 one-time...

Asian shares mostly higher amid coronavirus vaccine optimism

TOKYO (AP) — Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. ...

California Legislature OKs $600 payments for 5.7 million people, part of state stimulus package...

SACRAMENTO, Calif. (AP) — California Legislature OKs $600 payments for 5.7 million people, part of state stimulus package amid COVID pandemic.

Asian shares mixed as investors await progress on stimulus

TOKYO (AP) — Asian shares were mixed on Monday as hopes for a recovery from the coronavirus pandemic with the global rollout of vaccines...

Stocks end a wobbly day with mixed results; yields rise

U.S. stock indexes ended a choppy day of trading little changed Friday, though the S&P 500 finished with its first weekly loss in three...

Asian shares mostly lower after mixed day on Wall Street

BANGKOK (AP) — Shares were mostly lower in Asia on Thursday after a mixed session on Wall Street as losses by technology and industrial...

California governor, lawmakers set $9.6B virus spending plan

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom and legislative leaders on Wednesday announced a $9.6 billion spending deal aimed at aiding some of...

US retail sales jumps 5.3%, thanks to $600 stimulus checks

NEW YORK (AP) — Those $600 stimulus checks got Americans shopping again. ...

S&P 500 closes wobbly week at new record high

Technology companies led a late-afternoon rally on Wall Street Friday that capped a week of wobbly trading with the major stock indexes hitting all-time...

Asian shares mostly gain after Biden speaks with China’s Xi

Major Asian stock indexes were mostly higher on Thursday after President Joe Biden held his first conversation with Chinese leader Xi Jinping since taking...

Asian stocks advance after Wall St ends winning streak

BEIJING (AP) — Asian stock markets rose Wednesday after Wall Street broke a six-day winning streak. ...

Asian stocks higher after Wall St. rises to new record

BEIJING (AP) — Asian stocks were mostly higher Tuesday after Wall St. rose to a new record. ...

S&P 500 climbs again, closing out best week since November

Wall Street closed out a winning week Friday as the S&P 500 notched its fifth gain in a row and its biggest weekly increase...

Asian shares rise amid hopes for global economic rebound

TOKYO (AP) — Asian shares rose Friday, echoing a rally on Wall Street, as hopes grew for a gradual global economic recovery from the...

US productivity in Q4 falls by largest amount in 39 years

WASHINGTON (AP) — U.S. productivity in the October-December quarter fell by the largest amount in 39 years as the coronavirus pandemic roiled the labor...

Asian shares down on caution after modest US gains

TOKYO (AP) — Asian shares mostly fell Thursday as caution set in over company earnings reports, recent choppy trading in technology stocks and prospects...

California lawmakers agree to help cover some unpaid rent

SACRAMENTO, Calif. (AP) — California lawmakers on Thursday agreed to use $2.6 billion in federal stimulus money to pay off up to 80% of...

Virus aid, no new taxes top US gambling industry 2021 goals

ATLANTIC CITY, N.J. (AP) — The U.S. gambling industry wants additional financial aid from the next round of coronavirus stimulus legislation, and promises to...

Asian shares mixed following lackluster day on Wall Street

Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. ...

Biden more bullish on vaccines, open to 1.5M daily shot goal

WASHINGTON (AP) — President Joe Biden appeared to boost his goal for coronavirus vaccinations in his first 100 days in office, suggesting the nation...

UN forecasts 4.7% global economic growth in 2021

UNITED NATIONS (AP) — The United Nations warned Monday that the world economy is “on a cliffhanger,” still reeling from the COVID-19 pandemic whose...

Biden more bullish on vaccines, open to 1.5M daily shot goal

WASHINGTON (AP) — President Joe Biden on Monday appeared to boost his goal for coronavirus vaccinations in his first 100 days in office, suggesting...

Mixed finish on Wall Street as worldwide rally takes a pause

Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500...

Biden’s executive actions for economic relief at a glance

WASHINGTON (AP) — President Joe Biden signed a pair of executive orders Friday aimed at offering a quick dose of relief to an economy...

European Central Bank stimulus on track as economy struggles

FRANKFURT, Germany (AP) — With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left...

Japan shares fall on pandemic worries as rest of Asia rises

TOKYO (AP) — Asian shares were mostly higher Wednesday, ahead of Joe Biden's inauguration as U.S. president. Japan's benchmark lost early gains as worries...

Germany’s 2020 borrowing comes in well short of forecast

BERLIN (AP) — Germany borrowed 130.5 billion euros ($157.5 billion) last year as it loosened budget rules to help finance pandemic-related rescue and stimulus...

Biden’s test: Engineering economic boom in a partisan divide

BALTIMORE (AP) — When Joe Biden entered the White House as vice president, the economy was cratering. Job losses were mounting. Stocks were crashing....

Stocks fall as economic pain deepens, rally runs out of gas

NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic...

Asian shares mixed following Biden speech, Wall St retreat

Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. ...

Asian stocks mixed after Wall St rebounds from uncertainty

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President...

Stocks slip as Wall Street takes a breather after 4-day run

Stocks pulled back on Wall Street Monday as markets around the world paused following record-setting runs. ...

California governor’s budget booms despite pandemic problems

SACRAMENTO, Calif. (AP) — California is again swimming in money. ...

Stock market shakes off a slump to reach more record highs

Wall Street notched more milestones Friday as the market largely shrugged off another discouraging jobs report amid expectations that the incoming Biden administration will...

Asian shares mostly up on Wall Street rally, stimulus hopes

TOKYO (AP) — Asian shares were mostly higher Friday on hopes for additional economic stimulus after U.S. Congress confirmed Joe Biden as the winner...

Asian shares track Wall St rally on hopes for stimulus

Shares rose in Asia on Thursday after Wall Street rallied on expectations of more stimulus for the economy, despite chaotic scenes in Washington as...

Asian shares mixed as boost from US stimulus package fades

Asian shares were mixed Wednesday after a lackluster day on Wall Street, as the boost from President Donald Trump’s signing of the coronavirus relief...

Asian shares mixed with most markets closed for Christmas

Stocks rose in China and were little changed in Japan on Friday with most world markets closed for Christmas holidays. ...

Stocks close higher in holiday shortened week

NEW YORK (AP) — Stocks closed slightly higher on Christmas Eve, as investors went into the holiday weekend not bothered by President Donald Trump’s...

Asian shares skid despite US economic stimulus deal

Shares started the week out on a sour note in Asia as worsening coronavirus outbreaks overshadowed news that U.S. lawmakers finally have a deal...

Asian stocks sink after Wall St hits record on stimulus hope

BEIJING (AP) — Asian stock markets declined Friday after Wall Street hit a new high on optimism about economic stimulus and coronavirus vaccine development...

Snags on COVID-19 relief may force weekend sessions

WASHINGTON (AP) — It's a hurry up and wait moment on Capitol Hill as congressional negotiators on a must-pass, almost $1 trillion COVID-19 economic...

Fed to weigh further options for aiding US economy in peril

WASHINGTON (AP) — The Federal Reserve's policymakers face an unusual conundrum as they meet this week: A short-term economic outlook that is worsening even...

Budget toll from virus hits both Democratic, GOP-led states

No “blue state bailout" is a rallying cry for many congressional Republicans as attempts to provide more federal aid to a nation stricken by...

Europe gets new blast of stimulus to counter virus surge

FRANKFURT, Germany (AP) — The European Central Bank unleashed another half-trillion euro ($600 billion) wave of stimulus as a winter surge in COVID-19 infections...

Asian shares extend gains after more Wall Street records

Asian shares logged strong gains on Wednesday after another round of record highs for major indexes on Wall Street. ...

As infections rise, European Central Bank prepares stimulus

FRANKFURT, Germany (AP) — The European Central Bank is expected to unleash another blast of stimulus on Thursday to help businesses bridge the gap...

Asian shares mixed after S&P 500 sets fresh record high

Asian shares advanced Wednesday after Wall Street kicked off December with more milestones, as a broad rally pushed the S&P 500 and Nasdaq composite...

As economy struggles, Fed weighs boosting bond purchases

WASHINGTON (AP) — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank's monthly bond purchases to...

Picture of US economy is worrisome as virus inflicts damage

WASHINGTON (AP) — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose...

Consumer spending up a slight 0.5% as virus maintains grip

WASHINGTON (AP) — U.S. consumers increased their spending by a sluggish 0.5% last month, the weakest rise since April, when the pandemic first erupted,...

Asia Today: South Korea mulls steps as new virus cases rise

SEOUL, South Korea (AP) — South Korea has reported 386 new cases of the coronavirus in a resurgence that could force authorities to...

US jobless claims rise to 742,000; millions to lose aid

WASHINGTON (AP) — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign...

States plead for more federal help as virus outbreak worsens

With more shutdowns looming and a vaccine months away from wide distribution, governors across the U.S. are pleading for more help from Washington ahead...

Nobel UN food agency warns 2021 will be worse than 2020

UNITED NATIONS (AP) — The head of the World Food Program says the Nobel Peace Prize has given the U.N. agency a spotlight and...

Lagarde: Recovery could be stop-and-go despite vaccine news

FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde warned Wednesday that the economy could face a “bumpy,” “stop-start” recovery despite good news...

For Biden, how to help mangled economy is next obstacle

BALTIMORE (AP) — Joe Biden will inherit a mangled U.S. economy — one that never fully healed from the coronavirus and could suffer again...

Asia tracks Wall St rally as markets shrug at election limbo

Asian shares advanced Thursday after stocks rallied on Wall Street as investors embraced the upside of more gridlock in Washington, sending the S&P 500...

Asian markets follow Wall Street higher ahead of election

BEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday as investors watched for U.S. election results, hoping a win by challenger...

US consumer spending rose a moderate 1.4% in September

WASHINGTON (AP) — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late...

Surge in virus threatens to reverse global economic rebounds

WASHINGTON (AP) — The resurgence of coronavirus cases engulfing the United States and Europe is imperiling economic recoveries on both sides of the Atlantic...

European Central Bank: Just wait until December

FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was...

Asian shares slip after Wall St’s worst day in a month

Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in...

US stocks shake off a wobbly start and end mostly higher

U.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks. ...

Asian stocks follow Wall Street lower on lack of US aid plan

BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on...

Asian shares track Wall Street fall as virus aid hopes fade

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid...

Trump says Sudan to be removed from terrorism list

CAIRO (AP) — President Donald Trump on Monday said Sudan will be removed from the U.S. list of state sponsors of terrorism if it...

A late slide erases gains for US indexes, leaving them mixed

Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to...

Asian shares mixed amid 2nd wave coronavirus, election fears

TOKYO (AP) — Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on...

South Africa extends relief grants to help poor amid virus

JOHANNESBURG (AP) — South African President Cyril Ramaphosa announced Thursday that his government will extend relief grants to 6 million of the country’s unemployed...

Asian stocks follow Wall St lower as stimulus hopes fade

Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential...

Asian shares track Wall Street decline on pandemic jitters

Shares were mostly lower in Asia on Wednesday after pandemic concerns snapped a four-day winning streak on Wall Street. ...

JPMorgan, Citi profits improve amid signs of recovery

CHARLOTTE, N.C. (AP) — Two of the nation's biggest banks — JPMorgan Chase and Citigroup — said Tuesday that their profits improved markedly over...

Trump restarting campaign with White House, Florida events

WASHINGTON (AP) — Looking to shove his campaign back on track, President Donald Trump and his team laid out an aggressive return to political...

Stocks climb, closing out biggest weekly gain in 3 months

Wall Street closed out its best week in three months Friday as investors drew encouragement from ongoing negotiations on Capitol Hill aimed at delivering...

Asian shares mostly higher on hopes for U.S. stimulus

TOKYO (AP) — Asian shares were mostly higher on Thursday on optimism U.S. stimulus may be coming after all, as President Donald Trump appeared...

World shares mixed after Trump calls halt to stimulus talks

World shares were mostly lower on Wednesday after U.S. President Donald Trump ordered a stop to talks on another round of aid for the...

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