Economy

This April 16, 2020 photo shows a real estate company sign that marks a home for sale in Harmony, Pa. U.S. new home sales plunged 15.4% in March as the lockdowns that began in the middle of the month began to rattle the housing market. The Commerce Department reported Thursday, April 23, that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February. (AP Photo/Keith Srakocic)
May 21, 2020 - 11:06 am
WASHINGTON (AP) — Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the...
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In this Wednesday, May 20, 2020, photo, Chinese police stand guard in front of Tiananmen Gate in Beijing. This year's version of China's biggest political meeting of the year will be unlike any other. Delayed from March because of the then-spiraling coronavirus outbreak, the decision to go ahead with the gathering signals a partial return to normalcy in the country where the pandemic first broke out. "Partial" being the operative word: The congress will be far from normal. (AP Photo/Mark Schiefelbein)
May 21, 2020 - 6:29 am
WASHINGTON (AP) — Beyond its hard-hitting rhetoric against China over its handling of the coronavirus, the White House has issued a broad-scale attack on Beijing's predatory economic policies, military buildup, disinformation campaigns and human rights violations. The 20-page report does not signal...
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President Donald Trump speaks during a meeting with Arkansas Gov. Asa Hutchinson, and Kansas Gov. Laura Kelly, in the Cabinet Room of the White House, Wednesday, May 20, 2020, in Washington. (AP Photo/Evan Vucci)
May 21, 2020 - 12:55 am
WASHINGTON (AP) — President Donald Trump is running against himself. With his cries to “Reopen our country!” and his rebukes of the federal bureaucracy and health regulations amid the coronavirus pandemic, Trump has tried to tap into the same populist, anti-Washington anger he rode to victory in...
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In this May 5, 2020, photo Kanilau, the Chang family's band, plays music for a livestream performance from the living room of Roland Chang's home in Honolulu. The coronavirus pandemic has taken out large sections of Hawaii's tourism-based economy, including the Chang family's turtle and dolphin snorkel tour business and their regular music gig in Waikiki. (AP Photo/Audrey McAvoy)
May 20, 2020 - 11:38 pm
HONOLULU (AP) — In normal times, Roland Chang and his three sons start their day at dawn, picking up tourists in Waikiki and driving them to the ocean for a boat ride to see dolphins and turtles swimming in clear blue waters. Four nights a week, the family’s band performs Hawaiian music and popular...
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A foreign reporter who was selected to cover the opening ceremony of the Chinese People's Political Consultative Conference (CPPCC) walks by medical workers after receiving a coronavirus test, at a hotel in Beijing, Thursday, May 21, 2020. This year's version of China's biggest political meeting of the year will be unlike any other. Delayed from March because of the then-spiraling coronavirus outbreak, the decision to go ahead with the gathering signals a partial return to normalcy in the country where the pandemic first broke out. "Partial" being the operative word: The congress will be far from normal. (AP Photo/Andy Wong)
May 20, 2020 - 11:34 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Japan approves lifting state of emergency in three...
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FILE - In this April 24, 2020, file photo, a man wearing a face mask to help stop the spread of the new coronavirus stands in a middle of a walking street in the Shinjuku ward in Tokyo. Recession-hit Japan's exports plunged nearly 22% in April, the country's worst drop in more than a decade as the coronavirus pandemic slammed global demand, the Finance Ministry said Thursday, May 21, 2020. (AP Photo/Eugene Hoshiko, File)
May 20, 2020 - 11:09 pm
TOKYO (AP) — Recession-hit Japan's exports plunged nearly 22% in April while imports fell 7%, the country's worst drop in more than a decade as the coronavirus pandemic slammed global demand. The drop in exports was the worst since the 2008 financial crisis, as export-dependent Japan struggles to...
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FILE - In this Wednesday, May 13, 2020, file photo, a worker at SMC China, a Japanese joint venture pneumatic engineering company, assembles products at a factory in Beijing. As job losses surge, China is joining the United States and other governments in rolling out stimulus spending to revive its virus-battered economy. Companies and the public are looking to the meeting of the ceremonial national legislature starting Friday, May 22, 2020 for details. One closely watched indicator: Whether Beijing skips for the first time setting an economic growth target in a sign of how uncertain even the rest of this year is. (AP Photo/Ng Han Guan, File)
May 20, 2020 - 10:19 pm
BEIJING (AP) — As job losses surge, China is joining the United States and other governments in rolling out stimulus spending to revive its virus-battered economy. How much is Beijing ready to spend? Companies and the public are looking to the meeting of the ceremonial national legislature starting...
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In this Wednesday, May 20, 2020, photo, Chinese paramilitary police stand guard near Tiananmen Square and the Great Hall of the People in Beijing. This year's version of China's biggest political meeting of the year will be unlike any other. Delayed from March because of the then-spiraling coronavirus outbreak, the decision to go ahead with the gathering signals a partial return to normalcy in the country where the pandemic first broke out. "Partial" being the operative word: The congress will be far from normal. (AP Photo/Mark Schiefelbein)
May 20, 2020 - 8:36 pm
BEIJING (AP) — When China convenes its National People's Congress on Friday, will the 3,000 delegates stand shoulder to shoulder as they have in years past? Will they wear masks? This year's version of China's biggest annual political meeting will be unlike any other. Delayed from March because of...
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Kansas Gov. Laura Kelly listens as President Donald Trump speaks during a meeting in the Cabinet Room of the White House, Wednesday, May 20, 2020, in Washington. (AP Photo/Evan Vucci)
May 20, 2020 - 7:03 pm
WASHINGTON (AP) — President Donald Trump said Wednesday that he's considering holding a meeting in the U.S. with the leaders of the world's major economies after all because it would be a “great sign to all” of things returning to normal during the coronavirus pandemic. The announcement was the...
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A bicycle taxi driver transports customers through the Xochimilco district of Mexico City, Friday, May 15, 2020. As Mexico moves toward a gradual reactivation of its economy Monday, the number of new coronavirus infections grows higher every day, raising fears of a new wave of infections that other countries have seen after loosening restrictions. (AP Photo/Rebecca Blackwell)
May 20, 2020 - 5:52 pm
MEXICO CITY (AP) — Mexico City, one of the world's largest cities and the epicenter of the country's coronavirus epidemic, will begin a gradual reopening June 1, its mayor said Wednesday, even as daily new infections continued to set records. Mayor Claudia Sheinbaum called on the city's 9 million...
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