Economy

Vice President Mike Pence, right, walks with Arizona Gov. Doug Ducey, left, as the two head to a meeting to discuss the surge in coronavirus cases July 1, 2020, in Phoenix. As the public face of the administration's coronavirus response. Pence has been trying to convince Americans that the country is winning even as cases spike in large parts of the country. For public health experts, that sense of optimism is detached from reality. (AP Photo/Ross D. Franklin)
July 09, 2020 - 3:08 pm
BEIRUT — A Syrian group that helps deliver assistance in the rebel-held part of the country’s northwest is reporting the first case of coronavirus in the region that borders Turkey. The Assistance Coordination Unit says the person who tested positive in Idlib province is being isolated along with...
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Workers wearing masks walk by the New York Stock Exchange during the coronavirus pandemic, Thursday, July 9, 2020, in New York. (AP Photo/Mark Lennihan)
July 09, 2020 - 3:05 pm
NEW YORK (AP) — Stocks slumped on Wall Street Thursday amid worries that recent improvements in the economy may be set to stall as coronavirus cases continue to climb. The S&P 500 lost nearly all of Wednesday’s gains, with the sharpest drops hitting oil producers and other stocks whose fortunes...
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FILE - In this June 5, 2014, file photo, Park Won-soon, then candidate for Seoul city mayor of the main opposition party New Politics Alliance for Democracy celebrates his victory in the Seoul mayoral election at his office in Seoul, South Korea. Police say on Thursday, July 9, 2020, Park, the current mayor of South Korean capital Seoul, has been reported missing and search operations are underway.(AP Photo/Lee Jin-man, File)
July 09, 2020 - 1:07 pm
SEOUL, South Korea (AP) — Park Won-soon, the three-term mayor of South Korea's capital, a fierce critic of economic inequality who was seen as a potential presidential candidate in 2022, was found dead early Friday. He was 64. Police said Park’s body was found near a restaurant nestled in wooded...
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FILE - In this Friday, May 25, 2018 file photo, Luxembourg's Finance Minister Pierre Gramegna, left, speaks with Irish Finance Minister Paschal Donohoe during a meeting of EU finance ministers at the Europa building in Brussels. The powerful group of countries using Europe's single currency will choose a new president on Thursday, July 9, 2020, with three candidates vying for the challenging task of leading the 19-nation bloc out of the deepest economic recession in decades. The candidates for Eurogroup president are Spain's Economy Minister Nadia Calvino, Irish Finance Minister Paschal Donohoe and Luxembourg's Finance Minister Pierre Gramegna. (AP Photo/Virginia Mayo, File)
July 09, 2020 - 12:36 pm
BRUSSELS (AP) — Ireland's Paschal Donohoe was elected Thursday to head the finance group of the powerful bloc of 19 nations using Europe’s single currency, beating out challengers from Luxembourg and Spain. The announcement came in a tweet from incumbent Eurogroup President Mario Centeno, which...
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FILE - In this June 30, 2020, file photo Democratic presidential candidate, former Vice President Joe Biden speaks at Alexis Dupont High School in Wilmington, Del. (AP Photo/Patrick Semansky)
July 09, 2020 - 12:04 pm
DUNMORE, Pa. (AP) — Launching an economic pitch expected to anchor his fall presidential campaign, Democratic candidate Joe Biden is proposing using the federal government’s regulatory and spending power to bolster U.S. manufacturing and technology firms. Biden calls for a $400 billion, four-year...
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FILE - In this Monday, March 2, 2020 file photo, European Union chief Brexit negotiator Michel Barnier, right, speaks with the British Prime Minister's Europe adviser David Frost during Brexit trade talks between the EU and the UK, at EU headquarters in Brussels. EU and U.K. negotiators have yet to find a way to overcome "significant divergences" in their attempt to seal a post-Brexit compromise, a spokesman for the European Union's executive arm said on Thursday, July 9, 2020. (Olivier Hoslet. Pool Photo via AP, File)
July 09, 2020 - 10:08 am
BRUSSELS (AP) — EU and U.K. negotiators have yet to find a way to overcome “significant divergences" in their attempt to seal a post-Brexit compromise, the European Union's chief negotiator said on Thursday. Following Britain's departure from the EU's political institutions on Jan. 31, the two...
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FILE -In this June 16, 2020 file photo, a sign for a Wall Street building is shown in New York. Earnings reporting season is about to get underway for big companies, and the forecasts are grim. Wall Street expects S&P 500 companies to report profits plunged by the most since the depths of the Great Recession during the second quarter. Earnings reports tend to matter deeply to investors because stock prices track the path of earnings over the long term. (AP Photo/Mark Lennihan, File)
KNSS News
July 09, 2020 - 9:28 am
NEW YORK (AP) — Like that last roll of ultra-thin toilet paper left on the shelves or the latest Star Wars movies, it’s tough to be disappointed in something when expectations were low to begin with. That’s how Wall Street is approaching the upcoming earnings season for companies. CEOs across the...
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A woman scratches a $30 instant ticket while playing the lottery at Ted's Stateline Mobil on Wednesday, June 24, 2020 in Methuen, Mass. The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls. (AP Photo/Charles Krupa)
July 09, 2020 - 8:39 am
Boston (AP) — The coronavirus pandemic has been a rollercoaster for state lotteries across the country, with some getting a boost from the economic downturn and others scrambling to make up for revenue shortfalls. Since March, Texas, Arkansas and Montana and several other states have seen an...
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FILE - In this April 24, 2020 file photo, empty United Airlines ticket machines are shown at the Tampa International Airport in Tampa, Fla. United United Airlines will send layoff warnings to 36,000 employees - nearly half its U.S. staff - in the clearest signal yet of how deeply the virus outbreak is hurting the airline industry. United officials said Wednesday, July 8 that they still hope to limit the number of layoffs by offering early retirement, but they have to send notices this month to comply with a law requiring that workers get 60 days' notice ahead of mass job cuts. (AP Photo/Chris O'Meara, File)
July 09, 2020 - 7:40 am
WASHINGTON (AP) — More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus. The persistently elevated level of layoffs are occurring as a spike in virus...
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Britain's Chancellor of the Exchequer Rishi Sunak visits the Worcester Bosch factory to promote the initiative, Plan for Jobs, in Worcester, England, Thursday July 9, 2020. (Phil Noble/Pool via AP)
July 09, 2020 - 7:06 am
LONDON (AP) — The U.K.'s Treasury chief acknowledged Thursday that the country faced unprecedented economic times, entering one of the most severe recessions it has ever seen as it emerges from the COVID-19 pandemic. A day after revealing his spending plans to boost the economy in a mini-budget,...
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