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Global stocks follow Wall Street higher on vaccine hopes

Joe McDonald, Associated Press  |  Posted Jul 2nd - 3:24am

Global stock markets and Wall Street futures rose Thursday as hopes for development of a coronavirus vaccine competed with concerns about rising U.S. infections.

European jobless rise contained by government help

David McHugh, Associated Press  |  Posted Jul 2nd - 3:07am

The unemployment rate in the 19 countries that use the euro currency inched higher to 7.4 % in May from 7.3% in April as governments used active labor market support programs to cushion the impact of the virus outbreak on workers.

Unemployment rate in 19-country eurozone edges up to 7.4% in May from 7.3% in April amid pandemic

The Associated Press  |  Posted Jul 2nd - 3:02am

Unemployment rate in 19-country eurozone edges up to 7.4% in May from 7.3% in April amid pandemic.

Update on the latest in business:

The Associated Press  |  Posted Jul 2nd - 2:21am

Asian stock markets followed Wall Street higher today as hopes for development of a coronavirus vaccine compete with concern about rising U.S. infections.

China accuses India of targeting Chinese imports after clash

The Associated Press  |  Posted Jul 2nd - 2:03am

China accused India on Thursday of improperly disrupting activities by Chinese companies in the midst of tensions over a bloody clash between forces along their disputed border.

Asia Today: India's virus cases surpass 600,000, curve rises

The Associated Press  |  Posted Jul 2nd - 1:56am

India's number of coronavirus cases passed 600,000 on Thursday with the nation's infection curve rising and its testing capacity being increased.

Landslide at Myanmar jade mine kills at least 113 people

The Associated Press  |  Posted Jul 2nd - 1:25am

Rescue workers say at least 113 people have been killed in a landslide at a jade mining site in northern Myanmar.

AM Prep-Cooler Copy

The Associated Press  |  Posted Jul 2nd - 1:05am

The House has easily passed a temporary extension of a subsidy program for small businesses slammed by the coronavirus, speeding the measure to President Donald Trump.

Prep-Segue

Oscar Wells Gabriel Ii, Associated Press  |  Posted Jul 2nd - 1:05am

Fox News isn't disclosing the nature of the sexual misconduct allegations against daytime news anchor Ed Henry. But whatever it is, the network feels it's serious enough to cost him his gig. Fox says it got a complaint a week ago from an attorney about Henry's alleged misconduct. It hired an outside investigator, which provided information Fox says led them to let Henry go. A lawyer for Henry denies the allegations and says his client is confident he'll be cleared if there's a “full hearing in an appropriate forum.” Henry co-anchored “America’s Newsroom.''

California takes step back from reopening amid virus surge

Adam Beam and Kathleen Ronayne, Associated Press  |  Posted Jul 1st - 11:05pm

It was a simple family get-together; a wedding gathering. About 30 people went out to dinner.

The Latest: Spain counts losses in tourism from outbreak

The Associated Press  |  Posted Jul 1st - 10:58pm

The World Health Organization says smoking is linked to a higher risk of severe illness and death from the coronavirus in hospitalized patients, although it was unable to specify exactly how much greater those risks might be.

Black businesses see increased sales amid racial reckoning

Philip Marcelo, Associated Press  |  Posted Jul 1st - 10:01pm

When Mahdi Hashemian was looking for a bicycle for his 7-year-old daughter Zeynab last week, the Cambridge, Massachusetts, resident decided to skip his local cycle shops in favor of a Black-owned one a few miles away in Boston’s Dorchester neighborhood.

A predicted surge in US job growth for June might not last

Christopher Rugaber, Associated Press  |  Posted Jul 1st - 10:01pm

U.S. employers likely rehired several million more workers in June, thereby reducing a Depression-level unemployment rate, but the most up-to-date data suggests that a resurgent coronavirus will limit further gains.

Novartis pays $678M to resolve suit over sham doctor outings

Larry Neumeister, Associated Press  |  Posted Jul 1st - 7:49pm

Novartis Pharmaceutical Corp. will pay $678 million to the U.S. government and various states to settle a lawsuit over a sham speaker program that distributed cash, expensive dinners and other treats to induce doctors to prescribe its products, federal authorities announced Wednesday.

MVP plaque presenters to discuss Landis' name on MLB trophy

Ben Walker, Associated Press  |  Posted Jul 1st - 7:47pm

The baseball organization that presents the annual MVP awards will consider whether the name of former commissioner Kenesaw Mountain Landis should be pulled from future plaques.

Mississippi bans abortion based on race, sex, genetic issues

Emily Wagster Pettus, Associated Press  |  Posted Jul 1st - 7:23pm

Mississippi Republican Gov. Tate Reeves signed a law Wednesday that bans abortion based on the race, sex or genetic anomalies of a fetus, adding new limits in a state that already has some of the strictest abortion laws in the U.S.

Appeals court lifts restraint against Trump book publisher

Larry Neumeister, Associated Press  |  Posted Jul 1st - 6:59pm

A New York appeals court cleared the way Wednesday for a publisher to distribute a tell-all book by President Donald Trump’s niece over the objections of the president’s brother.

LAPD funding slashed by $150M, reducing number of officers

The Associated Press  |  Posted Jul 1st - 6:34pm

City leaders voted Wednesday to slash the Los Angeles Police Department budget by $150 million, reducing the number of officers to a level not seen for more than a decade amid nationwide demands to shift money away from law enforcement agencies during America's reckoning over police brutality and racial injustice.

Australian court upholds Geoffrey Rush's defamation payout

Rod McGuirk, Associated Press  |  Posted Jul 1st - 6:27pm

An Australian court on Thursday rejected a newspaper publisher’s appeal against Oscar-winning actor Geoffrey Rush’s $2.9 billion Australian dollars ($2 million) payout for defamation.