Economy

FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Stocks are opening mostly lower on Wall Street Thursday, Aug. 13, a day after the S&P 500 closed just below its pre-pandemic record high. (AP Photo/Mark Lennihan, File)
August 13, 2020 - 1:35 pm
NEW YORK (AP) — Wall Street is drifting on Thursday, and the S&P 500 is again on the verge of erasing the very last of its pandemic losses. The S&P 500 was 0.1% higher in afternoon trading at 3,383.64. Earlier in the afternoon, it briefly rose above 3,386.15, which was the record closing...
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U.S. Undersecretary of State for Political Affairs David Hale, right, listens to an NGO volunteer during his visit to a main gathering point for volunteers, near the site of last week's explosion that hit the seaport of Beirut, Lebanon, Thursday, Aug. 13, 2020. (AP Photo/Hussein Malla, Pool)
August 13, 2020 - 12:23 pm
BEIRUT (AP) — The FBI will join Lebanese and other international investigators in the probe of the massive explosion at Beirut's port that killed more than 170 people, injured thousands and caused widespread destruction, a U.S. diplomat said Thursday. Lebanese authorities had invited the FBI to...
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FILE - In this July 9, 2020, file photo, a large video display reads "Now hiring for our new hotel coming soon!," at the new Emerald Queen Casino, which is open, and owned by the Puyallup Tribe of Indians, in Tacoma, Wash. The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus has weakened hiring and the economic rebound. (AP Photo/Ted S. Warren, File)
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August 13, 2020 - 11:13 am
WASHINGTON (AP) — The number of laid-off workers applying for unemployment aid fell below 1 million last week for the first time since the viral pandemic intensified five months ago, yet still remains at a high level. The latest figures show that the pandemic keeps forcing layoffs just as the...
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US Secretary of State Mike Pompeo, left, and Slovenia's Foreign Minister Anze Logar shake hands after signing an agreement on fifth-generation internet technology as Slovenia's Prime Minister Janez Jansa stands at center, in Bled, Slovenia, Thursday, Aug. 13, 2020. Pompeo is on a five-day visit to central Europe with a hefty agenda including China's role in 5G network construction. (Jure Makovec/Pool Photo via AP)
August 13, 2020 - 11:02 am
BLED, Slovenia (AP) — U.S. Secretary of State Mike Pompeo visited Slovenia on Thursday to make the case for high-speed wireless networks that bar Chinese companies like Huawei. On the second leg of a four-nation tour of central and eastern Europe, Pompeo met with Slovenian officials in the mountain...
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Dr. Idriss Abdallah of the health activism group called Banlieues Sante, left, nurse Caroline Andoum, center, talk inside a tent in Bondy, north of Paris, Thursday Aug. 6, 2020. Festering beneath France's promise of guaranteed health care for all lie deep disparities across economic and racial lines – differences laid painfully bare by the COVID-19 crisis. (AP Photo/Arno Pedram)
August 13, 2020 - 3:06 am
BONDY, France (AP) — Festering beneath France’s promise of guaranteed health care for all lie deep disparities across economic and racial lines — differences laid painfully bare by the COVID-19 crisis. Two recent studies have documented these gaps, but government officials haven’t issued new...
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President Donald Trump signs an executive order during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh)
August 12, 2020 - 6:01 pm
WASHINGTON (AP) — The nation's leading business group on Wednesday raised serious concerns about President Donald Trump's move to defer Social Security payroll taxes for American workers, warning that the plan for a shot of economic relief during the coronavirus pandemic could prove unworkable. The...
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FILE - This July 21, 2020 file photo shows The New York Stock Exchange. Stocks are rebounding in early trading on Wall Street Wednesday, Aug. 12, carrying the S&P 500 back toward the cusp of its record high. The benchmark index was up 1% after the first half-hour of trading and on pace for its eighth gain in nine days. (AP Photo/Mark Lennihan, File)
August 12, 2020 - 5:53 pm
Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge. The benchmark index notched a 1.4% gain, its eighth in nine days. It ended within 0.2% of its...
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FILE - In this June 30, 2020 file photo, a woman wearing a mask passes a sign for Wall Street during the coronavirus pandemic. The S&P 500 is trading above its record closing high Wednesday, Aug. 12, after a rebound for stocks helped the index erase the last of the historic losses taken due to the pandemic. The index was up 1.6% in afternoon trading, with big technology stocks once again leading the way. (AP Photo/Mark Lennihan, File)
August 12, 2020 - 5:50 pm
NEW YORK (AP) — The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, monthslong rally means the S&P 500 is roughly back to where it was before the coronavirus slammed the U.S, even though millions of workers are still getting unemployment benefits...
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FILE - In this July 16, 2019, file photo an American flag flies on the Capitol Dome in Washington. The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday, Aug. 12, 2020. (AP Photo/Carolyn Kaster, File)
August 12, 2020 - 5:24 pm
SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation's budgetary shortfall is expected to eventually reach levels for the fiscal year that ends Sept. 30 more...
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In this photo released by Lebanon's official government photographer Dalati Nohra, Lebanese president Michel Aoun, right, meets with German Foreign Minister Heiko Maas, at the Presidential Palace in Baabda, east of Beirut, Lebanon, Wednesday, Aug. 12, 2020. Maas said that Lebanon needs a "strong reboot" and far-reaching economic reforms to rebuild trust with its citizens. Heiko Maas spoke ahead of his trip to Beirut, following last week's explosion at the city's port that killed at least 171 people and wounded thousands. (Dalati Nohra via AP)
August 12, 2020 - 1:53 pm
BEIRUT (AP) — Germany stands ready to help Lebanon with reconstruction and further investment after last week's massive explosion, but any support will be linked to economic reforms and an end to pervasive corruption in Lebanon, Germany's foreign minister said Wednesday. Heiko Maas spoke after a...
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