Economy

FILE - In this Sept. 15, 2020 file photo, passers-by examine a storefront window, in Boston's fashionable Newbury Street shopping district. Retail sales in the U.S. grew a slower-than-expected 0.3% in October, even as retailers offered early holiday discounts online and in stores. (AP Photo/Steven Senne, File)
November 17, 2020 - 8:59 am
NEW YORK (AP) — Retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. A surge in coronavirus infections nationwide and the expiration of a $600 weekly boost to unemployment checks over the summer has slowed spending by...
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FILE - In this Friday, Sept. 11, 2020 file photo, Viktor Orban, right, Prime Minister of Hungary and Polish Prime Minister Mateusz Morawiecki attend a news conference following talks with his counterparts from central Europe's Visegrad Group in Lublin, Poland. Poland and Hungary have vetoed the European Union’s next seven-year budget and coronavirus recovery plan over a new mechanism that links EU funding to the rule of law. The 27-nation bloc’s 1.8 trillion euro ($2.1 trillion) budget for 2021-2027 was agreed upon last week after tough negotiations. The budget is supposed to take effect on Jan. 1. (AP Photo/Czarek Sokolowski, file)
November 17, 2020 - 7:26 am
BRUSSELS (AP) — With the European Union on the verge of an embarrassing crisis, Germany on Tuesday urged all member states to put divergences aside in a bid to break a stalemate on the adoption of the bloc's €1.8 trillion ($2.1 trillion) budget and coronavirus recovery package blocked by Poland and...
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President-elect Joe Biden, accompanied by Vice President-elect Kamala Harris, speaks about economic recovery at The Queen theater, Monday, Nov. 16, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)
November 16, 2020 - 11:17 pm
WILMINGTON, Del. (AP) — President-elect Joe Biden warned of dire consequences if President Donald Trump and his administration continue to refuse to coordinate with his transition team on the coronavirus pandemic and block briefings on national security, policy issues and vaccine plans. The remarks...
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People walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Nov. 17, 2020. Asian shares rose Tuesday, after the Dow Jones Industrial Average hit a record high on optimism that a vaccine may soon control the coronavirus and the economic destruction it’s caused. (AP Photo/Vincent Yu)
November 16, 2020 - 9:27 pm
TOKYO (AP) — Asian shares rose Tuesday, after the Dow Jones Industrial Average hit a record high on optimism that a vaccine may soon control the coronavirus and the economic destruction it’s caused. Moderna said its COVID-19 vaccine appears to be 94.5% effective, according to preliminary data. It’s...
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President-elect Joe Biden, accompanied by Vice President-elect Kamala Harris, speaks about economic recovery at The Queen theater, Monday, Nov. 16, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)
November 16, 2020 - 5:43 pm
WILMINGTON, Del. (AP) — President-elect Joe Biden on Monday warned of dire consequences if President Donald Trump and his administration continue to refuse to coordinate with his transition team on the coronavirus pandemic and block briefings on national security, policy issues and vaccine plans...
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November 16, 2020 - 4:08 pm
NEW YORK (AP) — PNC Financial Services Group Inc. said Monday it is buying the U.S. subsidiary of Spain’s BBVA bank for $11.6 billion in cash. BBVA's U.S. operations, which are based in Houston, Texas, have $104 billion in assets and operate 637 branches, mainly in the south and southwest of the...
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A man wears a face shield while playing a slot machine at the Golden Nugget casino in Atlantic City, N.J. on July 2, 2020. A report released Nov. 16, 2020 by the national trade association for the U.S. casino industry found that America's casinos won 81% of the amount of money during the third quarter of this year that they did in the third quarter of 2019, when there was no virus pandemic. (AP Photo/Wayne Parry)
November 16, 2020 - 2:57 pm
ATLANTIC CITY, N.J. (AP) — America's casinos are recovering from months of closures necessitated by the coronavirus outbreak, having regained 81% of the gambling revenue they saw in the third quarter of last year, the casinos' trade association said Monday. But that recovery is threatened in places...
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President-elect Joe Biden, accompanied by Vice President-elect Kamala Harris, speaks about economic recovery at The Queen theater, Monday, Nov. 16, 2020, in Wilmington, Del. (AP Photo/Andrew Harnik)
November 16, 2020 - 2:55 pm
WASHINGTON (AP) — The Latest on President-elect Joe Biden (all times local): 3:55 p.m. President-elect Joe Biden says that more coronavirus deaths will be the consequence of the Trump administration refusing to share its vaccine distribution plans with his incoming administration. Asked about the...
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FILE - In this Dec. 10, 2019 file photo, Securities and Exchange Commission (SEC) Chairman Jay Clayton testifies to the Senate Committee on Banking, Housing, and Urban Affairs about oversight of the SEC, on Capitol Hill in Washington. Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving the position at year’s end. Clayton’s term runs through mid-2021. (AP Photo/Jacquelyn Martin, File)
November 16, 2020 - 10:42 am
WASHINGTON (AP) — Jay Clayton, a former Wall Street lawyer who has headed the Securities and Exchange Commission as the financial markets’ top regulator during the Trump administration, is leaving the position at year’s end, the SEC announced Monday. Clayton’s term runs through mid-2021. It is...
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Former prime minister Maia Sandu prepares to cast her vote in the country's presidential election runoff in Chisinau, Moldova, Sunday, Nov. 15, 2020. Moldovans returned to the polls Sunday for the second round of voting in the country's presidential election, facing a choice between the staunchly pro-Russian incumbent Igor Dodon, and his popular pro-Western challenger, former prime minister Maia Sandu. (AP Photo/Roveliu Buga)
November 16, 2020 - 4:42 am
CHISINAU, Moldova (AP) — Maia Sandu, a former World Bank economist who favors closer ties with the European Union, has won Moldova's presidential runoff vote, decisively defeating the staunchly pro-Russian incumbent, according to preliminary results released Monday. Sandu captured over 57% of the...
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