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Friday, October 30, 2020
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Stocks slump again as Wall Street’s miserable week continues

NEW YORK (AP) — Stocks are falling again Friday as Wall Street closes out a punishing week and its first back-to-back monthly loss since...

US wages and benefits grow at sluggish pace amid pandemic

WASHINGTON (AP) — Wages and benefits for U.S. workers grew slowly this summer as employers sought to hold the line on pay gains in...

Global travel and tourism projected to shed 174 million jobs

LONDON (AP) — The global travel and tourism industry is on course to lose 174 million jobs this year if current restrictions to curb...

Asian shares fall back after Wall Street rebound

BEIJING (AP) — Asian stocks sank Friday as investors looked ahead to next week's U.S. presidential election and weighed the chances of economic stimulus...

Tech giants report strong results, but murky outlooks

Five technology giants reported strong earnings but mixed outlooks Thursday, a sign of varying fortunes as they work to rebound from a pandemic-related economic...

Wall Street soared under Trump, but it’s been a rocky ride

NEW YORK (AP) — The last four years have been good for stocks, with the S&P 500 climbing more than 50% and many 401(k)...

Jobless claims fall to 751,000, but new infections a threat

WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it's still historically high...

German unemployment drops unexpectedly in October

BERLIN (AP) — Unemployment in Germany fell unexpectedly in October, according to statistics released Thursday, suggesting that Europe's largest economy was beginning to shake...

Asian shares lower, US futures up after S&P 500 sinks 3.5%

Asian shares declined Thursday and U.S. futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June. ...

Asian stocks fall on worries over rising virus cases, US aid

TOKYO (AP) — Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy....

Consumer confidence dips to 100.9 as virus spreads in US

SILVER SPRING, Md. (AP) — U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases appeared across the country. ...

September factory orders up 1.9%, economists see risks ahead

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business...

Spanish unemployment rises to 16.3% amid pandemic

MADRID (AP) — Spain says 355,000 more people were left unemployed in the third quarter, bringing the total jobless rate up to 16.3% from...

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...

Dunkin’ shares hit all-time high after holding buyout talks

The Dunkin’ doughnuts and coffee chain has confirmed it's held talks to be taken private by a private equity firm, sending its shares rocketing...

Asian shares little changed on uncertainty over US election

TOKYO (AP) — Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for...

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. ...

Unemployment fraud concerns prompt action in California

SACRAMENTO, Calif. (AP) — At least 350,000 debit cards filled with money for unemployment benefits in California have been frozen because of suspected fraud,...

Asian shares, US futures gain after last Trump-Biden debate

Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their...

US jobless claims drop to 787,000, but layoffs remain high

WASHINGTON (AP) — The number of laid-off Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased...

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 rise after Wall Street gains on solid earnings

TOKYO (AP) — Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports...

Older workers face higher unemployment amid virus pandemic

For the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a study released Tuesday by...

US home construction up 1.9% in September to 1.4 million

WASHINGTON (AP) — U.S. home construction rose a solid 1.9% in September after having fallen in the previous month, as home building continues as...

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...

California jobless rate dips as jobs added despite pandemic

SACRAMENTO, Calif. (AP) — California has regained more than a third of the 2.6 million nonfarm jobs the nation's most populous state lost to...

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...

10 charged with unemployment insurance fraud in Nevada

CARSON CITY, Nev. (AP) — On a 104-degree day in Las Vegas, Kenneth Greenland and Brittany Griesel were cruising down Sahara Boulevard in a...

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...

As election uncertainty sweeps markets, the pros hold steady

NEW YORK (AP) — This presidential election is clearly unlike any other, but investors might be wise to treat it just like most of...

US jobless claims rise to 898,000 with layoffs still high

WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high...

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. ...

J&J beats 3Q net views, hikes 2020 forecast, but shares fall

Despite the coronavirus pandemic hurting sales of most of its products, Johnson & Johnson boosted revenue slightly and doubled its third-quarter profit, mainly due...

UK defends new virus restrictions; critics say it’s too late

LONDON (AP) — Britain’s government on Tuesday defended its new three-tier system of COVID-19 risks and restrictions, but critics suggested it was too little,...

UK unemployment ascent accelerates amid winter job fears

LONDON (AP) — Unemployment in the U.K. spiked higher in August, a clear sign that the jobless rate is heading towards levels not seen...

Asian shares lower after tech-driven rally on Wall Street

Shares were mostly lower in Asia on Tuesday as investors awaited the release of Chinese trade data. ...

Trump vs. Biden: Where they stand on health, economy, more

WASHINGTON (AP) — Amid the tumult of the 2020 presidential campaign, one dynamic has remained constant: The Nov. 3 election offers voters a choice...

Stocks are soaring, and most Black people are missing out

NEW YORK (AP) — Americans who own stocks are pulling further away from those who don't, as Wall Street roars back to record heights...

Asian shares mostly higher after US rally, aid package hopes

TOKYO (AP) — Asian shares were mostly higher in muted trading Monday, as worries about the pandemic kept optimism in check despite a rally...

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 stocks follow Wall Street higher on stimulus hopes

BEIJING (AP) — Asian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy. ...

COVID-19 relief pushes U.S. budget deficit to a record $3.1T

WASHINGTON (AP) — New, eye-popping federal budget figures released Thursday show an enormous $3.1 trillion deficit in the just-completed fiscal year, a record swelled...

US layoffs still high, but so is skepticism on jobless data

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months...

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...

California’s unemployment backlog shrinks to 1.3 million

SACRAMENTO, Calif. (AP) — California embattled unemployment benefits agency said Wednesday it has cleared about 246,000 of its more than 1.6 million backlogged claims...

In about-face, Trump seeks to salvage parts of virus aid

WASHINGTON (AP) — President Donald Trump on Wednesday tried to salvage a few priority items lost in the rubble of COVID-19 relief talks that...

Trump signals willingness to help airlines and markets jump

SILVER SPRING, Md. (AP) — Shares in major U.S. airlines jumped at the opening bell, pulling the broader market along, after President Donald Trump...

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...

US job postings edge lower, to 6.49 million

WASHINGTON (AP) — U.S. employers advertised slightly fewer jobs in August as hiring ticked up modestly. ...

Asian shares gain on stimulus hopes, Trump leaving hospital

Shares advanced in on Tuesday Asia after hopes for economic aid from Washington helped Wall Street recover its losses from the initial shock of...

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...

Service sector grows for the 4th consecutive month

WASHINGTON (AP) — The U.S. services sector, where most Americans work, grew for a fourth consecutive month in September as the country attempts to...

Survey: Business economists see coronavirus as biggest risk

WASHINGTON (AP) — The U.S. economy faces risks from a potential resurgence of the coronavirus and from the failure so far of Congress to...

Tesla sales surge as global demand picks up speed

Tesla's third-quarter sales jumped 44% as global demand for its electric vehicles outpaced that of most other automakers. ...

Stocks end bumpy day lower after Trump’s positive virus test

NEW YORK (AP) — Wall Street’s major stock indexes fell on Friday after President Donald Trump tested positive for the coronavirus, but the losses...

Pre-election economy: Unemployment falls, but hiring slows

WASHINGTON (AP) — The final jobs report before Election Day a month from now showed hiring slowed in September even as the U.S. unemployment...

Asia shares mixed in thin holiday trading after Wall St gain

Asian shares were mixed Friday in thin holiday trading, with markets in South Korea, Shanghai and Hong Kong closed. ...

House Democrats pass partisan COVID bill; relief talks drag

WASHINGTON (AP) — Democrats controlling the House narrowly passed a $2.2 trillion COVID-19 relief bill Thursday night, a move that came as top-level talks...

US 3Q auto sales fall 9.7%, but they’re rising from 2Q lows

DETROIT (AP) — In normal times, a 9.7% drop in auto sales would cause executives to sweat profusely. These are not normal times. ...

Unemployment marches higher in Europe as pandemic grinds on

FRANKFURT, Germany (AP) — Unemployment rose for a fifth straight month in Europe in August and is expected to grow further amid concern that...

US layoffs remain elevated as incomes and spending weaken

WASHINGTON (AP) — The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to...

US housing roars back despite recession, high unemployment

LOS ANGELES (AP) — The U.S. housing market has staged a furious comeback this summer, even as the economy struggles to regain its footing...

Tokyo trading stops over system failure, China on holiday

TOKYO (AP) — Trading on the Tokyo Stock Exchange was suspended Thursday because of a problem in the system for relaying market information. Most...

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...

Wall Street rallies to close out strong, but wild quarter

NEW YORK (AP) — U.S. stocks rallied on Wednesday, but only after zooming up, down and back up again in a fitting end to...

German jobless rate falls in September, fewer on furlough

BERLIN (AP) — Germany's unemployment rate declined in September despite the coronavirus pandemic, official data showed Wednesday. Jobless figures have been kept lower by...

Markets mixed after Trump-Biden debate; data lifts China

Stocks were mixed in Asia on Wednesday while upbeat manufacturing data lifted shares in China as investors studied the outcome of the debate between...

Consumer confidence posts solid gain to 101.8 in September

WASHINGTON (AP) — U.S. consumer confidence rebounded more quickly in September than most economists had expected though they remain far from levels that were...

Wall Street claws back some of its losses from September

Stocks notched solid gains Monday as Wall Street clawed back some of its sharp and sudden September losses. ...

Asia shares up ahead of China holiday, presidential debate

TOKYO (AP) — Asian shares were mostly higher in muted trading Monday, ahead of the first U.S. presidential debate and a national holiday in...

Stocks post solid gains as technology shares lead rally

Stocks shook off another bout of volatile trading and finished solidly higher Friday, led by gains in technology and health care companies. Despite the...

Orders for big-ticket manufactured goods ticks up just 0.4%

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods increased just 0.4% in August following a much larger gain in the previous...

Swiss-EU relations back on ballot over freedom of movement

GENEVA (AP) — The Swiss will vote this weekend on a renewed proposal to limit the number of European Union nationals allowed to live...

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....

Fraud, backlogs disrupt US unemployment benefit payments

WASHINGTON (AP) — Many American workers applying for unemployment benefits after being thrown out of a job by the coronavirus face a new complication:...

Asian shares fall as caution sets in after Wall St retreat

Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. ...

Asian shares take breather after Wall Street gains

Asian markets were mostly lower on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. ...

Powell and Mnuchin voice optimism but back more economic aid

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from...

Asian shares track Wall Street retreat on pandemic pains

Shares slipped Tuesday in Asia after markets tumbled worldwide on worries about the pandemic’s economic pain. ...

Report: California unemployment agency does less with more

SACRAMENTO, Calif. (AP) — The California unemployment agency’s two call centers to field questions about jobless benefits had two major problems as millions of...

Bank shares slide on report of rampant money laundering

The financial sector was hit hard Monday following a report alleging that a number of banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank...

Soaring wealth during pandemic highlights rising inequality

WASHINGTON (AP) — Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in...

Asian markets lower after Wall St declines for third week

BEIJING (AP) — Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in...

The Latest: U of Colorado shifting students for virus cases

DENVER — The University of Colorado has forced some students to move out of their dorms to create more isolation housing for students with...

US stocks fall as market decline extends for third week

Wall Street capped another turbulent week of trading Friday with a broad slide in stocks that left the S&P 500 with its third-straight weekly...

California jobless rate falls with help of temporary jobs

SACRAMENTO, Calif. (AP) — A raft of temporary government jobs for the U.S. Census boosted California's economy in August as the state added 101,900...

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...

Fraud arrests made over California’s unemployment benefits

BEVERLY HILLS, Calif. (AP) — Investigators unraveling an identity fraud scheme targeting California’s unemployment system have arrested 44 people in Beverly Hills this month...

COVID-19 danger continues to drive joblessness in US

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high number of people that illustrates...

August US home building slides 5.1% after months of gains

WASHINGTON (AP) — U.S. housing construction fell a surprising 5.1% in August after three months of strong gains when home builders ramped up projects...

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...

Fed sees rates near zero through 2023, perhaps longer

WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest...

Retail sales rise for 4th straight month as growth slows

NEW YORK (AP) — Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs...

Asian shares mostly higher after Wall Street gains

Shares were mostly higher in Asia on Wednesday after advances for big technology companies carried Wall Street to further gains overnight. ...

Pelosi: House to stay in session until COVID-19 rescue pact

WASHINGTON (AP) — Speaker Nancy Pelosi said Tuesday the House will remain in session until lawmakers deliver another round of COVID-19 relief, a move...

Apple debuts discount watch, but no new iPhones … yet

SAN RAMON, Calif. (AP) — Apple introduced a cheaper version of its smartwatch, its latest attempt to broaden the appeal of its trend-setting products...

Federal Reserve to meet after sharp changes to its outlook

WASHINGTON (AP) — Federal Reserve policymakers will meet this week for the first time since they significantly revised the Fed's operating framework in ways...

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