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Associated Press

Latest Stories (410)

COVID-19

U.S. economy shrank at record-breaking 33% rate last quarter

by Associated Press
Jul 30, 2020
It's by far the worst quarterly plunge ever.
The Commerce Department’s estimate of the second-quarter decline in GDP marked the sharpest such drop on records dating to 1947.
Valerie Macon/AFP via Getty Images
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COVID & Unemployment

With a continuing wave of job cuts, another 1.4 million Americans sought unemployment benefits

by Associated Press
Jul 30, 2020
More than 1.4 million laid-off Americans applied for unemployment benefits last week
A spike in virus cases has led many states to halt plans to reopen businesses and has caused millions of consumers to delay any return to traveling, shopping and other normal economic activity.
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COVID-19

Fed sees dim economic outlook as virus squeezes economy

by Associated Press
Jul 29, 2020
The Fed said while the economy has rebounded from the low in March and April, the pandemic will have lasting effects.
Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee on Capitol Hill on June 30, 2020 in Washington, D.C.
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Race and Economy

Biden announces plan for economic investment in communities of color

by Associated Press
Jul 28, 2020
It's a plan to ensure that post-pandemic economic recovery is built around promoting racial equality.
Biden wants to take $30 billion and funnel it into a “Small Business Opportunity Fund" designed to leverage $5 of private investment for minority owned enterprises for each $1 in public funds allocated.
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COVID & Unemployment

The number of people seeking unemployment benefits is up for the first time since March

by Associated Press
Jul 23, 2020
The rise in weekly jobless claims to 1.4 million underscores the outsize role the unemployment insurance system is playing as a safety net.
The Labor Department said Thursday that roughly 32 million people are receiving unemployment benefits.
Mark Felix/AFP via Getty Images
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COVID & Unemployment

More than 1.3 million laid-off workers sought unemployment benefits last week amid resurgent viral outbreak

by Associated Press
Jul 16, 2020
The number of laid-off workers seeking jobless aid is stuck at a historically high level.
An applicant fills out an unemployment benefits form in Virginia. Temporary relief payments are scheduled to end soon.
Olivier Douliery/AFP via Getty Images
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International students can stay in U.S. as administration rescinds plan to revoke visas

by Associated Press
Jul 14, 2020
The announcement brings relief to thousands of foreign students who had been at risk of being deported from the country.
Students move out of dorm rooms at Harvard University in March. Harvard and MIT bro
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Supreme Court rules Manhattan DA can obtain Trump's tax records, pushes back on congressional subpoena

by Associated Press
Jul 9, 2020
The Supreme Court on Thursday upheld a prosecutor’s demand for President Donald Trump’s tax returns as part of a criminal investigation.
The financial records are held by Trump’s longtime accounting firm, Mazars USA, which has said it would comply with a court order.
Chip Somodevilla/Getty Images
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COVID & Unemployment

Layoffs stuck at high level as 1.3 million seek jobless aid

by Associated Press
Jul 9, 2020
The six states that have had to reverse business reopenings make up one-third of the economy.
The persistently elevated level of layoffs are occurring as a spike in virus cases has forced six states to reverse their move to reopen businesses.
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Employers may opt out of providing free birth control, Supreme Court rules

by Associated Press
Jul 8, 2020
Over religious or moral objections, employers can deny the coverage that's required by the Affordable Care Act.
The Supreme Court ruled recently that states can prosecute crimes allegedly committed by non-Natives on tribal land.
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