News  /  Biz  / 

Most Recent

China's economy grows 3.2% as virus lockdowns lifted

The Associated Press  |  Posted Jul 15th - 8:07pm

China’s economy rebounded from a painful contraction to grow by 3.2% over a year earlier in the latest quarter as anti-virus lockdowns were lifted and factories and stores reopened.

China's economy rebounds to 3.2% growth in latest quarter as anti-virus controls ease

The Associated Press  |  Posted Jul 15th - 8:01pm

China's economy rebounds to 3.2% growth in latest quarter as anti-virus controls ease.

Latin America faces 'lost decade' from coronavirus GDP drop

The Associated Press  |  Posted Jul 15th - 7:01pm

The Economic Commission for Latin America and the Caribbean said Wednesday the region’s per-capita gross domestic product is likely to drop by 9.9% in 2020 due to the coronavirus pandemic.

Esper order aims to expand diversity, skirts major decisions

Lolita C. Baldor, Associated Press  |  Posted Jul 15th - 5:16pm

Defense Secretary Mark Esper took steps Wednesday to expand diversity within the military and reduce prejudice, but he skirted several major decisions, including whether to ban the Confederate flag at defense installations.

American Airlines warns 25,000 workers they could lose jobs

David Koenig, Associated Press  |  Posted Jul 15th - 4:14pm

American Airlines is notifying about 25,000 workers that their jobs could be eliminated in October because of plunging demand for air travel, adding to the toll that the virus pandemic is taking on the airline industry.

Congress eyes new virus aid as school, health crisis deepens

Lisa Mascaro, Associated Press  |  Posted Jul 15th - 4:07pm

Two months after House Democrats approved a $3 trillion COVID-19 aid package, Senate Republicans are poised to unveil their $1 trillion counteroffer, straining to keep spending in check as the virus outbreak spreads and societal fallout deepens.

Hogan announces $501M unemployment insurance fraud case

Brian Witte, Associated Press  |  Posted Jul 15th - 4:00pm

Maryland uncovered a massive criminal enterprise involving identity theft and more than 47,500 fraudulent unemployment insurance claims in the state adding up to more than $501 million, Gov. Larry Hogan said Wednesday, saying the case relates to activity in at least a dozen other states.

Prominent Twitter accounts including Barack Obama, Joe Biden and Bill Gates were hacked in an apparent bitcoin scam

The Associated Press  |  Posted Jul 15th - 3:47pm

Prominent Twitter accounts including Barack Obama, Joe Biden and Bill Gates were hacked in an apparent bitcoin scam.

Stocks higher, Huawei travel ban, US Sanctions on pipelines

The Associated Press  |  Posted Jul 15th - 3:22pm

Markets worldwide rallied on rising hopes for a COVID-19 vaccine today. Investors see a vaccine as the best way for the economy and human life to get back to normal, and researchers said late Tuesday that one developed by the National Institutes of Health and Moderna revved up people’s immune systems in early testing, as hoped. The S&P rose 0.9% to pull within 4.7% of its all-time high set in February. The Dow climbed 227.51 points, or 0.9%, to 26,870.10, and the Nasdaq gained 61.91, or 0.6%, to 10,550.49.

North Dakota tribe sues over ruling giving minerals to state

James MacPherson, Associated Press  |  Posted Jul 15th - 3:19pm

Leaders of the Mandan, Hidatsa and Arikara Nation in North Dakota sued the federal government Wednesday due to a Department of Interior opinion that sides with the state over valuable mineral rights beneath a portion of a man-made lake on the Missouri River.

Coronavirus data is funneled away from CDC, sparking worries

Mike Stobbe and Bernard Condon, Associated Press  |  Posted Jul 15th - 3:04pm

Hospital data related to the coronavirus pandemic in the U.S. will now be collected by a private technology firm, rather than the Centers for Disease Control and Prevention — a move the Trump administration says will speed up reporting but one that concerns some public health leaders.

OPEC and allies to ease cuts, allow more oil production

Cathy Bussewitz, Associated Press  |  Posted Jul 15th - 3:02pm

Ministers from the OPEC cartel have agreed to allow more oil to flow from the taps, saying demand for oil is growing as economies take steps to reopen.

Justice Ruth Bader Ginsburg released from hospital

The Associated Press  |  Posted Jul 15th - 2:30pm

The Supreme Court said Wednesday that Justice Ruth Bader Ginsburg was discharged from a hospital after being treated for a possible infection.

US sanctions companies linked to businessman close to Putin

The Associated Press  |  Posted Jul 15th - 2:21pm

The Trump administration has imposed sanctions on companies connected to a Russian businessman who is close to Russian President Vladimir Putin and suspected of helping finance the covert social media campaign aimed at American voters ahead of the 2016 presidential election.

Mail could be delayed as new postal boss pushes cost-cutting

Matthew Daly, Associated Press  |  Posted Jul 15th - 2:11pm

Mail deliveries could be delayed by a day or more under cost-cutting efforts being imposed by the new postmaster general. The plan eliminates overtime for hundreds of thousands of postal workers and says employees must adopt a "different mindset” to ensure the Postal Service’s survival during the coronavirus pandemic.

23 AGs sue DeVos over student loan forgiveness policy

Collin Binkley, Associated Press  |  Posted Jul 15th - 1:56pm

but a borrower cannot assert these misrepresentations as a defense unless he or she can prove that the school did not simply make a mistake,” according to the suit.

Arizona ban on evictions set to end as heat, infections soar

Anita Snow, Associated Press  |  Posted Jul 15th - 1:20pm

Housing advocacy groups in Arizona have joined lawmakers in lobbying Gov. Doug Ducey to extend his coronavirus-related moratorium on evictions, which will expire next week and allow authorities to start removing hundreds of renters in a state that's a national hot spot for both infections and scorching summer weather.

Google to invest $4.5 billion in India's Jio digital company

Ashok Sharma, Associated Press  |  Posted Jul 15th - 1:10pm

Google plans to invest $4.5 billion in India’s Jio Platforms Ltd, the company announced Wednesday, taking a 7.7% stake in the digital services company owned by multi-billion dollar Reliance Industries.

Fed survey says economy has picked up but outlook cloudy

Martin Crutsinger, Associated Press  |  Posted Jul 15th - 12:28pm

The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty.