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Wall Street retreats with global markets as rally fades

Stan Choe, Associated Press  |  Posted Jul 16th - 7:45am

Wall Street is retreating in early trading Thursday following a mixed set of reports on the economy, including one showing that layoffs continue across the country at a stubbornly steady pace.

Deputies: 3 women attacked airline workers over flight delay

Associated Press  |  Posted Jul 16th - 6:39am

Several Spirit Airlines employees were injured Tuesday night when they were attacked by three women who were apparently upset that their flight from Fort Lauderdale to Philadelphia had been delayed, sheriff's officials said.

US retail sales jump 7.5% in June, but economy still ails

Josh Boak, Associated Press  |  Posted Jul 16th - 6:37am

U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery.

US retail sales jumped 7.5% in June from prior month, but COVID-19 resurgence suggests that gains have stalled

The Associated Press  |  Posted Jul 16th - 6:33am

US retail sales jumped 7.5% in June from prior month, but COVID-19 resurgence suggests that gains have stalled.

More than 1.3 million laid-off workers sought unemployment benefits last week amid resurgent viral outbreak

The Associated Press  |  Posted Jul 16th - 6:30am

More than 1.3 million laid-off workers sought unemployment benefits last week amid resurgent viral outbreak.

France looks at law for returning colonial-era artifacts

The Associated Press  |  Posted Jul 16th - 6:26am

The French government presented a draft law Wednesday that would enable France to return certain cultural artifacts taken from African countries during the colonial era.

Bank of America sees recessionary impacts 'deep into 2022'

Ken Sweet, Associated Press  |  Posted Jul 16th - 6:05am

Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the coronavirus pandemic.

4 wounded in Greece ax attack at tax office

The Associated Press  |  Posted Jul 16th - 6:02am

A man wielding an ax attacked employees at a tax office in northern Greece on Thursday, wounding four people, police said.

European Central Bank urges leaders to act on economy

David McHugh, Associated Press  |  Posted Jul 16th - 5:54am

The European Central Bank hit pause Thursday after deploying massive stimulus measures in recent weeks and urged government leaders to do their part by agreeing on an EU-wide fund to support regions hardest hit by the virus outbreak.

European Central Bank leaves stimulus programs unchanged ahead of a key meeting of EU leaders on economic recovery plan

The Associated Press  |  Posted Jul 16th - 5:50am

European Central Bank leaves stimulus programs unchanged ahead of a key meeting of EU leaders on economic recovery plan.

EU to meet face-to-face at summit to carve up $2.1 trillion

Raf Casert, Associated Press  |  Posted Jul 16th - 4:40am

There are limits to videoconferencing. When there is a lot of money at stake, people like to look each other in the eye.

Number of laid-off workers seeking jobless aid stuck at 1.3M

Christopher Rugaber, Associated Press  |  Posted Jul 16th - 4:29am

The number of laid-off workers seeking unemployment benefits remained stuck at 1.3 million last week, an historically high level that indicates many companies are still cutting jobs as the viral outbreak intensifies.

Depp's bodyguard says Amber Heard abused the Hollywood star

Jill Lawless, Associated Press  |  Posted Jul 16th - 4:04am

Johnny Depp’s security chief alleged that Amber Heard physically abused Depp during the couple’s tempestuous marriage, giving testimony to support Depp’s libel suit against a British tabloid that accused him of assaulting his former spouse.

Siemens allows 'mobile working' permanently for many workers

The Associated Press  |  Posted Jul 16th - 3:59am

Industrial conglomerate Siemens says it plans to allow more than 100,000 of its employees to work away from the office for two or three days a week on a permanent basis.

Experts say Twitter breach troubling, undermines trust

Zen Soo, Associated Press  |  Posted Jul 16th - 2:54am

A breach in Twitter’s security that allowed hackers to break into the accounts of leaders and technology moguls is one of the worst attacks in recent years and may shake trust in a platform politicians and CEOs use to communicate with the public, experts said Thursday.

EU court cancels US data-sharing pact over snooping concerns

Carlo Piovano, Associated Press  |  Posted Jul 16th - 2:05am

from tech giants to small financial firms — to transfer data to the United States is invalid because the American government can snoop on people's data.

EU court strikes down agreement with US that tech companies use to transfer data outside the bloc

The Associated Press  |  Posted Jul 16th - 1:59am

EU court strikes down agreement with US that tech companies use to transfer data outside the bloc.

Update on the latest in business:

The Associated Press  |  Posted Jul 16th - 1:35am

Shares retreated in Asia today as investors mulled figures showing China’s economy returned to growth in the last quarter.

AM Prep-Cooler Copy

The Associated Press  |  Posted Jul 16th - 1:05am

whether you’re a man or woman. That’s the new advice experts are recommending for the updated U.S. Dietary Guidelines. Currently, the guidelines say men should limit themselves to two drinks a day, and that women should limit themselves to one. U.S. health officials aren’t required to adopt the committee’s recommendations, but consider them in updating the dietary guidelines every five years. The 2020 update is expected to be released by the end of the year.