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American and 4 other airlines reach loan agreements with US

David Koenig, Associated Press  |  Posted Jul 2nd - 8:00am

American Airlines and four smaller carriers have reached agreement with the government for billions more in federal loans, a sign of the industry’s desperate fight to survive a downturn in air travel caused by the virus pandemic.

Stocks rally on strong jobs gain, heading for weeklong sweep

Stan Choe, Associated Press  |  Updated Jul 2nd - 7:57am

Wall Street is rallying Thursday after a report showed the U.S. job market continues to climb from the crater created by the coronavirus pandemic in the spring.

Supreme Court declines to hear Equal Pay Act case

The Associated Press  |  Posted Jul 2nd - 7:55am

The Supreme Court is leaving in place a decision that employers can't use past salary history to justify a pay disparity between male and female employees.

Court could end claims Nestle, Cargill abetted child labor

Mark Sherman, Associated Press  |  Posted Jul 2nd - 7:53am

The Supreme Court will consider ending a lawsuit that claims Nestle and Cargill facilitated the use of child slave labor on cocoa farms in Ivory Coast, a case that could further limit access to U.S. courts by victims of human rights abuses abroad.

Tesla 2Q deliveries rise over 1Q despite factory shutdown

Tom Krisher, Associated Press  |  Updated Jul 2nd - 7:36am

Tesla says it delivered more electric vehicles worldwide in the second quarter than it did in the first. The increase came even though coronavirus restrictions forced it to shut down its only U.S. factory for much of the period.

US trade deficit rises 9.7% in May to $54.6 billion

Paul Wiseman, Associated Press  |  Updated Jul 2nd - 7:27am

The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce.

Landslide at Myanmar jade mine kills at least 123 people

Zaw Moe Htet and Pyae Sone Win, Associated Press  |  Updated Jul 2nd - 7:20am

At least 123 people were killed Thursday in a landslide at a jade mine in northern Myanmar, the worst in a series of deadly accidents at such sites in recent years that critics blame on the government's failure to take action against unsafe conditions.

Fire damages building at Iran nuclear enrichment site

Nasser Karimi and Jon Gambrell, Associated Press  |  Updated Jul 2nd - 7:08am

A fire broke out early Thursday at a building above Iran's underground Natanz nuclear enrichment facility, though officials said it did not affect its centrifuge operation or cause any release of radiation.

US adds 4.8 million jobs as unemployment falls to 11.1%

Christopher Rugaber, Associated Press  |  Updated Jul 2nd - 7:04am

U.S. employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month yet still remained far short of regaining the colossal losses it suffered this spring.

U.S. trade deficit rises 9.7% to $54.6 billion in May; exports and imports fall

The Associated Press  |  Posted Jul 2nd - 6:32am

U.S. trade deficit rises 9.7% to $54.6 billion in May; exports and imports fall.

Unemployment falls to 11.1% as US added a record 4.8 million jobs in June, but pandemic dims outlook for further gains

The Associated Press  |  Posted Jul 2nd - 6:31am

Unemployment falls to 11.1% as US added a record 4.8 million jobs in June, but pandemic dims outlook for further gains.

Europe contains jobless rate, but faces summer of discontent

Nicole Winfield and David McHugh, Associated Press  |  Updated Jul 2nd - 6:25am

Europe has limited the rise in unemployment caused by the pandemic with a wide array of government support programs, but that cannot hide widespread economic distress and anxiety among workers and small business owners.

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

The Associated Press  |  Updated Jul 2nd - 6:24am

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

U.S., South Africa report new record coronavirus rises

David Rising and Jake Coyle, Associated Press  |  Posted Jul 2nd - 5:28am

The United States and South Africa have both reported record new daily coronavirus infections, with U.S. figures surpassing 50,000 cases a day for the first time, underlining the challenges still ahead as nations press to reopen their virus-devastated economies.

5 Things to Know for Today

The Associated Press  |  Posted Jul 2nd - 4:15am

a record high — were added, but recent data suggests that a resurgent coronavirus in the U.S. will limit further gains.

China accuses India of targeting Chinese imports after clash

The Associated Press  |  Updated Jul 2nd - 3:35am

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.

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.

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.