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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...

Lawmakers act to avert shutdown, buying time for COVID talks

WASHINGTON (AP) — Still spinning their wheels on COVID-19 relief, lawmakers grabbed a one-week government funding extension on Wednesday that buys time for more...

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...

Japan’s economy grows 22.9% in 3Q, bouncing back from COVID

MITO, Japan (AP) — Japan's economy expanded at a 22.9% annual rate in the last quarter, as businesses and personal spending recovered from pandemic-related...

Virus talks drag on liability as Congress preps stopgap aid

WASHINGTON (AP) — Lawmakers are giving themselves more time to sort through their end-of-session business on government spending and COVID-19 relief, preparing a one-week...

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,...

Unchanged from early estimate, US economy grew 33.1% in Q3

WASHINGTON (AP) — The second of three estimates on U.S. growth for the July-September quarter was unchanged at a record pace of 33.1%. But...

Awaiting Yellen at Treasury: Yet another daunting crisis

WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. ...

UK Treasury chief shows no sign of turning off spending taps

LONDON (AP) — The U.K’s treasury chief batted away speculation Sunday that he is about to turn off the spending that has buoyed the...

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...

Fed’s Powell says surge in virus cases threatens US economy

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Tuesday that the nationwide surge in confirmed coronavirus could slow the economy in the months...

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...

GOP unveils $1.4T spending bill amid post-election turmoil

WASHINGTON (AP) — Republicans controlling the Senate unveiled a government-wide, $1.4 trillion spending bill on Tuesday, a largely bipartisan measure that faces uncertain odds...

Virus relief package uncertain in post-election Congress

WASHINGTON (AP) — Congress began a lame-duck session Monday facing uncertain odds for a new COVID-19 relief bill, with the split decision in the...

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...

UK, EU leaders to discuss state of post-Brexit trade talks

LONDON (AP) — British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen are set to speak by telephone Saturday to...

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 construction spending up again, rises 0.3% in September

SILVER SPRING, Md. (AP) — U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a...

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...

UK government borrowing hits record due to pandemic

LONDON (AP) — The COVID-19 pandemic is battering Britain’s public finances, pushing government borrowing to a record last month as tax revenue fell and...

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...

Awash in red ink: US posts record $3.1T 2020 budget deficit

WASHINGTON (AP) — The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous...

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...

Trump halts COVID-19 relief talks until after election

WASHINGTON (AP) — President Donald Trump on Tuesday called an abrupt end to negotiations with Democrats over additional COVID-19 relief, delaying action until after...

Asian shares mixed after Trump calls off stimulus talks

Stocks were mixed in Asia on Wednesday despite an overnight decline on Wall Street after President Donald Trump ordered a stop to talks on...

The Latest: Top Trump aide Stephen Miller tests positive

WASHINGTON (AP) — The Latest on President Donald Trump's health after his COVID-19 diagnosis, and that of other White House aides, officials (all times...

Mexico announces $14 billion in infrastructure projects

MEXICO CITY (AP) — Mexico’s president announced a program of 39 joint public-private infrastructure projects Monday worth about $14 billion to help revive the...

Greece’s economy to shrink by estimated 8.2% this year

ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking...

Inflation slump in Europe could presage more stimulus

FRANKFURT, Germany (AP) — Annual inflation in the 19-country eurozone sagged further below zero in September, bolstering expectations that the European Central Bank will...

India’s contracting economy rebooting from coronavirus blow

NEW DELHI (AP) — Millions of distressed Indian manufacturers and traders are counting on the eagerly-awaited October-December festive season to rescue them from their...

Police departments seeing modest cuts, but not ‘defunding’

DAVENPORT, Iowa (AP) — The racial justice protests following the death of George Floyd earlier this year prompted calls to “defund the police” in...

Pelosi and Mnuchin have ‘extensive’ talks on COVID relief

WASHINGTON (AP) — House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an “extensive conversation" Wednesday on a huge COVID-19 rescue package, meeting...

Asia Today: Philippines placing southern city in lockdown

MANILA, Philippines (AP) — One southern Philippine province and its war-battered capital will be placed under a mild lockdown starting Thursday and the rest...

Asian shares gain, cheered by US rally on hopes for stimulus

TOKYO (AP) — Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S....

At UN, Africa urges fiscal help against virus ‘apocalypse’

JOHANNESBURG (AP) — African nations came out swinging on the third day of the United Nations annual gathering of world leaders Thursday, calling for...

German Cabinet approves 2021 budget with high borrowing

Germany's Cabinet on Wednesday approved a 2021 budget that foresees significant borrowing for the second consecutive year as Europe's biggest economy tries to lessen...

UN labor agency: Growing rich-poor gap amid COVID pandemic

GENEVA (AP) — The U.N. labor agency warned Wednesday that the coronavirus pandemic has led to a massive drop in income for workers around...

Stopgap bill to prevent shutdown held up over farm funding

WASHINGTON (AP) — Efforts to fashion a temporary spending bill needed to avert a government shutdown at the end of the month ran aground...

Bangladesh economy shows early signs of pandemic recovery

DHAKA,Bangladesh (AP) — A rebound in garment orders after demand crashed during spring shutdowns is helping to revive the Bangladesh economy. ...

Asia slightly higher despite Wall Street slump, virus fears

TOKYO (AP) — Asian shares were slightly higher Friday despite some investor attention shifting again to the uncertainties in global economies amid the coronavirus...

‘Nothing left in the bucket’: Wildfire resources run thin

Justin Silvera came off the fire lines in Northern California after a grueling 36 straight days battling wildfires and evacuating residents ahead of the...

UN chief: don’t ‘throw away’ stimulus money on fossil fuels

VIENNA (AP) — U.N. Secretary-General Antonio Guterres called Thursday on governments not to “throw away” economic stimulus funds by supporting fossil fuel industries that...

Asian stocks retreat on lack of new Fed action

Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023...

India’s Modi faces turbulent session as Parliament reopens

NEW DELHI (AP) — After a five-month absence, Indian lawmakers returned to Parliament on Monday with the government's response to the coronavirus pandemic, the...

US budget deficit hits record $3 trillion through 11 months

WASHINGTON (AP) — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the...

European Central Bank’s stimulus program to keep on rolling

FRANKFURT, Germany (AP) — With almost a trillion euros still in the pipeline, the European Central Bank said Thursday that its emergency support program...

No virus aid before election? Pessimism before Senate vote

WASHINGTON (AP) — Top Republican senators made pessimistic predictions Wednesday about securing a bipartisan coronavirus relief package before the November election, signaling instead they...

Falling prices flash warning light for Europe’s economy

FRANKFURT, Germany (AP) — A startling fall in consumer prices and a stronger euro have increased pressure on the European Central Bank to provide...

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