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Associated Press

Latest Stories (410)

Stocks sink as virus cases spike

by Associated Press
Jun 11, 2020
The Federal Reserve said the road back to recovery would be long, dimming some of the optimism investors.
Don Emmert/AFP/Getty Images
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Recession hit U.S. in February, ending record-long expansion

by Associated Press
Jun 8, 2020
A group of economists declared Monday that the longest expansion on record has ended.
A restaurant closed in March due to the coronavirus pandemic.
Adalberto Roque/AFP via Getty Images
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Wall Street zooms higher on news of labor market improvements

by Associated Press
Jun 5, 2020
The S&P 500 was up 2.2% after the government said that U.S. employers added 2.5 million workers to their payrolls last month.
Stocks are rushing higher in morning trading Friday after a much better-than-expected report on the U.S. job market.
Kena Betancur/Getty Images
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Falling unemployment rate suggests businesses are bringing workers back amid COVID-19

by Associated Press
Jun 5, 2020
The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added
It's a surprisingly positive reading in the midst of a recession that has paralyzed the economy.
Olivier Douliery/AFP via Getty Images
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Weekly jobless claims drop to 1.9 million, as state reopenings slow layoffs

by Associated Press
Jun 4, 2020
Rehiring may be offsetting some of the layoffs, but unemployment is still excessively high.
The job market meltdown that was triggered by the coronavirus may have bottomed out.
Olivier Douliery/AFP via Getty Images
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Trump terminates WHO funding, Hong Kong trade status

by Associated Press
May 29, 2020
The administration's actions are expected to weaken the global health organization during the coronavirus pandemic and escalate tensions with China.
President Trump during his press conference at the White House on Friday.
Mandel Ngan/AFP via Getty Images
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In China, a battle over national security law and a commitment to the U.S. trade deal

by Associated Press
May 22, 2020
Also making news: China’s premier Li Keqiang broke from tradition and did not announce an economic growth target.
A security guard wears a protective mask as he stands after the opening of the National People's Congress at the Great Hall of the People on May 22, 2020 in Beijing, China.
Kevin Frayer/Getty Images
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COVID-19

With latest wave of COVID-19 layoffs, 2.4 million more Americans file for unemployment

by Associated Press
May 21, 2020
Another 2.2 million sought aid under a new program for self-employed, contractor and gig workers.
Roughly 38.6 million people have now filed for jobless aid since the coronavirus forced millions of businesses to close their doors.
Olivier Douliery/AFP via Getty Images
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36 million have sought unemployment aid since COVID-19 hit

by Associated Press
May 14, 2020
Still, the number of first-time applications has now declined for six weeks straight.
Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week.
Spencer Platt/Getty Images
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Powell warns of a possible sustained recession from pandemic

by Associated Press
May 13, 2020
Powell cautioned that numerous bankruptcies among small businesses and extended unemployment for many people remain a serious risk.
Powell urged Congress and the White House to act further to prevent long-lasting economic damage.
Federal Reserve via Getty Images
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