Associated Press
Latest Stories (411)
751,000 seek unemployment aid; layoffs still up amid virus resurgence
Nov 5, 2020
Eight months after the pandemic flattened the economy, weekly jobless claims still point to a stream of layoffs.
Stock futures, oil prices bounce after Trump falsely asserts he won
Nov 4, 2020
As of 4 a.m. Eastern time, Trump and his Democratic challenger Joe Biden still were locked in tight races in a handful of battleground states.
Wall Street follows world markets higher as Americans vote on Election Day
Nov 3, 2020
Markets are up on investor hopes that a Joe Biden victory in the U.S. presidential election might lead to more economic stimulus.
US consumer spending rose a moderate 1.4% in September
Oct 30, 2020
Americans that are spending have been spending freely on goods and cutting back sharply on purchases in the service sector.
Unemployment claims fall to 751,000, lowest since March
Oct 29, 2020
But rising confirmed virus cases in nearly every state, along with a cutoff in federal aid, are threatening to weaken the economy.
U.S. economy rebounded to grow at record 33% annual rate last quarter
Oct 29, 2020
Yet the recovery from the deepest recession since the Great Depression of the 1930s remains far from complete.
S&P 500 sinks 3.5% as surging virus cases threaten shutdowns
Oct 28, 2020
Surging coronavirus cases in the U.S. and Europe threaten more business shutdowns.
Pandemic economy, relief factor heavily in second Trump-Biden debate
Oct 23, 2020
The presidential race has been dominated by Trump's response to the pandemic and its economic fallout.
Unemployment claims drop to 787,000, but layoffs remain high
Oct 22, 2020
The number of Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels. With confirmed infections having neared 60,000 in the past week, the highest level since July, many consumers have been unable or reluctant to shop, travel, dine […]
OxyContin maker Purdue Pharma to plead to 3 criminal charges
Oct 21, 2020
The drugmaker will also pay a settlement of more than $8 billion, the Justice Department announced Wednesday.