Economy

People stand by an electronic stock board of a securities firm showing Japan's Nikkei 225 index in Tokyo, Wednesday, Nov. 25, 2020. Asian shares rose Wednesday after the Dow Jones Industrial Average closed above 30,000 points for the first time despite an ongoing pandemic, as progress in development of coronavirus vaccines kept investors in a buying mood. (AP Photo/Koji Sasahara)
KNSS News
November 24, 2020 - 9:36 pm
TOKYO (AP) — Asian shares rose Wednesday after the Dow Jones Industrial Average closed above 30,000 points for the first time despite an ongoing pandemic, as progress in development of coronavirus vaccines kept investors in a buying mood. Japan's benchmark Nikkei 225 jumped 1.7% to 26,607.63 in...
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FILE - This May 11, 2018, file photo, from the California Department of Corrections and Rehabilitation, shows Scott Peterson. A California prosecutor says someone has filed an unemployment claim in the name of convicted murderer Peterson. Sacramento County District Attorney Anne Marie Schubert said it is one of at least 35,000 unemployment claims made on behalf of prison inmates between March and August 2020. (California Department of Corrections and Rehabilitation via AP, File)
November 24, 2020 - 8:53 pm
SACRAMENTO, Calif. (AP) — California's system for paying unemployment benefits is so dysfunctional that the state approved more than $140 million for at least 20,000 prisoners, local and federal prosecutors said Tuesday, detailing a scheme that resulted in claims filed in the names of well-known...
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A woman wearing a face mask to help curb the spread of the coronavirus walks by a fridge displaying frozen meats at a supermarket in Beijing, Tuesday, Nov. 24, 2020. China has stirred controversy with claims it has detected the coronavirus on packages of imported frozen food. (AP Photo/Andy Wong)
November 24, 2020 - 7:24 pm
BEIJING (AP) — China has stirred controversy with claims it has detected the coronavirus on packages of imported frozen food. Frozen shrimp imported from an Ecuadorian company was banned for one week on Tuesday in a continuing series of such temporary bans. While experts say the virus can survive...
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A restaurant worker cleans the tables in the outdoor dining area of a Mexican restaurant in La Mirada, Calif., Tuesday, Nov. 24, 2020. Waiters and bartenders are being thrown out of work – again – as governors and local officials shut down indoor dining and drinking establishments to combat the nationwide surge in coronavirus infections that is overwhelming hospitals and dashing hopes for a quick economic recovery. (AP Photo/Jae C. Hong)
November 24, 2020 - 4:56 pm
Waiters and bartenders are being thrown out of work — again — as governors and local officials shut down indoor dining and drinking establishments to combat the nationwide surge in coronavirus infections that is overwhelming hospitals and dashing hopes for a quick economic recovery. And the timing...
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FILE - This Tuesday, Feb. 3, 2015 file photo shows a RadioShack store in Dallas. RadioShack, the nearly century-old electronics retailer ubiquitous in malls for decades, has been pulled from brink of death — again. It’s the most prized name in the basket of retail brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up for a relative pittance since the coronavirus pandemic landed on U.S. shores. (AP Photo/Tony Gutierrez, File)
KNSS News
November 24, 2020 - 4:40 pm
SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It's the most prized name in the basket of brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up since the coronavirus pandemic bowled over the U.S. retail...
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FILE - In this Tuesday, Sept. 15, 2020, file photo, passers-by examine a storefront window in Boston's fashionable Newbury Street shopping district. U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases began across the country. The Conference Board reported Tuesday, Oct. 27, 2020, that its consumer confidence index fell to a reading of 100.9, from 101.8 in September. (AP Photo/Steven Senne)
November 24, 2020 - 9:44 am
WASHINGTON (AP) — U.S. consumer confidence fell to a reading of 96.1 in November as rising coronavirus cases pushed American optimism down to the lowest level since August. The November reading released Tuesday by the the Conference Board said represents a drop from a revised 101.4 in October. The...
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File - In this Tuesday, March 5, 2019, file photo, an employee in protective clothing works with a steel pouring ladle during a guided media tour at the steel producer Salzgitter AG in Salzgitter. A closely watched survey shows that business confidence in Germany, Europe’s biggest economy, fell for a second consecutive month in November as a resurgence of coronavirus infections led to partial shutdowns across the continent. (AP Photo/Markus Schreiber, file)
November 24, 2020 - 5:24 am
BERLIN (AP) — Business confidence in Germany, Europe's biggest economy, fell for a second consecutive month in November as a resurgence of coronavirus infections led to partial shutdowns across the continent, a closely watched survey showed Tuesday. Still, the decline was smaller than economists...
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FILE - In this Oct. 8, 2018, file photo, is the entrance to ABQ Studios in Albuquerque, N.M., where Netflix announced at the studio complex that it chose Albuquerque as a new production hub. Netflix is pledging an additional $1 billion investment in its production hub in New Mexico. The company joined government officials Monday, Nov. 23, 2020, in announcing its plans. The expansion will add about 300 acres to the existing campus on the southern edge of Albuquerque, making it what officials say will be one of the largest film production facilities in North America. (AP Photo/Susan Montoya Bryan, File)
November 24, 2020 - 12:09 am
ALBUQUERQUE, N.M. (AP) — Netflix plans to establish one of the largest production hubs in North America with an expansion of its existing studio complex in New Mexico and a commitment to an additional $1 billion in production spending, government and corporate leaders announced Monday. Ten new...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)
November 23, 2020 - 11:01 pm
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that...
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FILE - In this March 25, 2020, file photo, a worker weighs and sorts pollack at the Portland Fish Exchange in Portland, Maine. The coronavirus pandemic has hurt the U.S. seafood industry due to a precipitous fall in imports and exports and a drop in catch of some species. (AP Photo/Robert F. Bukaty, File)
November 23, 2020 - 2:14 pm
PORTLAND, Maine (AP) — The coronavirus pandemic has hurt the U.S. seafood industry due to a precipitous fall in imports and exports and a drop in catch of some species. Those are the findings of a group of scientists who sought to quantify the damage of the pandemic on America's seafood business,...
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