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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...

US budget deficit jumps to record $1.7 trillion this year

WASHINGTON (AP) — The U.S. government's budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget...

Fed’s Powell sees US boom ahead, with COVID still a risk

WASHINGTON (AP) — The U.S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said...

Business faces tricky path navigating post-Trump politics

WASHINGTON (AP) — For more than a half-century, the voice emerging from the U.S. Chamber of Commerce’s monolithic, Beaux Arts-styled building near the White...

Biden budget seeks more for schools, health care and housing

WASHINGTON (AP) — President Joe Biden released a $1.5 trillion wish list for his first federal budget, asking for substantial gains for Democratic priorities...

Biden budget seeks more for schools, health care and housing

WASHINGTON (AP) — President Joe Biden released a $1.5 trillion wish list for his first federal budget Friday, asking for substantial gains for Democratic...

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...

Safety last: Risky investments soared at start of 2021

NEW YORK (AP) — Who needs safety when the world's about to get back to normal? ...

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...

S&P 500 returns to a record high after best day in weeks

NEW YORK (AP) — U.S. stocks burst to their best day in three weeks on Friday, helping Wall Street return to record heights and...

Asian markets push higher despite tech sell-off on Wall St

BANGKOK (AP) — Shares advanced in Asia on Thursday after a broad decline on Wall Street led by selling of tech heavyweights like Facebook...

Oil giant Saudi Aramco sees 2020 profits drop to $49 billion

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion,...

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...

Lagging US, Europe speeds up help for virus-hit economy

Frankfurt, Germany (AP) — The European Central Bank said it would step up its bond-purchase stimulus to support an economy whose recovery is expected...

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...

COVID bill to deliver big health insurance savings for many

WASHINGTON (AP) — Several million people stand to save hundreds of dollars in health insurance costs, or more, under the Democratic coronavirus relief legislation...

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...

COVID bill to deliver big health insurance savings for many

WASHINGTON (AP) — Several million people stand to save hundreds of dollars in health insurance costs, or more, under the Democratic coronavirus relief legislation...

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...

China boosts defense spending by 6.8% amid debt, pandemic

BEIJING (AP) — China is increasing its defense spending by 6.8% in 2021 as it works to maintain a robust upgrading of the armed...

Shares slip in Asia after bond yield spike hits Wall St

Asian shares slipped Friday after surging U.S. bond yields renewed pressure on high-flying technology companies. ...

UK extends job support, tax breaks for pandemic-hit economy

LONDON (AP) — Britain’s treasury chief on Wednesday announced an additional 65 billion pounds ($91 billion) of support for an economy ravaged by the...

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. ...

Anticipating 2021 boom, Q4 GDP revised up slightly to 4.1%

WASHINGTON (AP) — The economy grew at a 4.1% pace in the final three months of 2020, slightly faster than first estimated, ending a...

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...

Fed’s Powell: Recovery incomplete, high inflation unlikely

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no...

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...

Groups ask Biden for wider environmental review of nuke work

ALBUQUERQUE, N.M. (AP) — Watchdog groups want the Biden administration to reconsider a decision by a U.S. agency not to conduct a more extensive...

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

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

Biden reframes his goal on reopening of elementary schools

MILWAUKEE (AP) — President Joe Biden is promising a majority of elementary schools will be open five days a week by the end of...

Biden reframes goal on reopening of elementary schools

MILWAUKEE (AP) — President Joe Biden is promising a majority of elementary schools will be open five days a week by the end of...

Japanese economy sees recovery from pandemic slump

TOKYO (AP) — The Japanese economy grew at an annual rate of 12.7% in October-December, marking the second straight quarter of growth, amid a...

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...

Budget office expects $2.3T deficit before Biden relief plan

BALTIMORE (AP) — The Congressional Budget Office says the federal government is on track for a $2.3 trillion deficit this year, down roughly $900...

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...

CBO projects 4.6% growth in Biden’s first year, jobs lag

The U.S. economy is projected to grow at a robust 4.6% annual rate this year, but employment isn't expected to return to pre-pandemic levels...

Deal or no deal: Virus aid tests Biden ‘work together’ plea

WASHINGTON (AP) — He was an arm-draping pol as a senator. He hung out in the Senate cloakroom chatting up legislators as vice president....

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...

US economy shrank 3.5% in 2020 after growing 4% last quarter

WASHINGTON (AP) — Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three...

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. ...

US long-term mortgage rates rise; 30-year at 2.79%

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week in an indication that the long period of record-low rates could soon be over....

US budget deficit up 60.7% in first 3 months of budget year

WASHINGTON (AP) — The U.S. government's deficit in the first three months of the budget year was a record-breaking $572.9 billion, 60.7% higher than...

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...

US loses 140,000 jobs, first monthly drop since spring

WASHINGTON (AP) — U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is...

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...

Trump’s $2,000 checks stall in Senate as GOP blocks vote

WASHINGTON (AP) — President Donald Trump's push for bigger $2,000 COVID-19 relief checks stalled out Tuesday in the Senate as Republicans blocked a...

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...

Congress seals agreement on $900 billion COVID relief bill

WASHINGTON (AP) — Top Capitol Hill negotiators sealed a deal Sunday on a $900 billion COVID-19 economic relief package, finally delivering long-overdue help to...

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...

Sen. Rand Paul delays defense bill vote over troop drawdowns

WASHINGTON (AP) — A Senate vote on a wide-ranging defense policy bill was delayed Thursday after Kentucky Republican Rand Paul objected to the measure,...

US budget deficit up 25.1% in first 2 months of budget year

WASHINGTON (AP) — The U.S. government's deficit in the first two months of the budget year ran 25.1% higher than the same period a...

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...

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