For 17th straight week more than 1M Americans seek job aid
WASHINGTON (AP) — More than a million Americans sought unemployment benefits for the 17th consecutive week as infections began surging in some of the nation's most populous states.
US mortgage rates fall to record lows; 30-year at 2.98%
WASHINGTON (AP) — Average rates on long-term mortgages continue to fall to new record lows, as the key 30-year loan dropped below 3% for the first time in 50 years.
Wall Street drifts lower as markets retreat worldwide
NEW YORK (AP) — Wall Street is drifting lower Thursday after mixed reports on the economy highlighted its uncertain path, including one showing that layoffs continue at a stubbornly steady pace.
So much money, so little time to find deal at EU summit
BRUSSELS (AP) — As European Union leaders start pouring in early for a two-day summit starting Friday, all realize that rarely so much has been on the line.
UK, US, Canada accuse Russia of hacking virus vaccine trials
LONDON (AP) — Britain, the United States and Canada accused Russian hackers on Thursday of trying to steal information from researchers seeking a coronavirus vaccine, warning scientists and pharmaceutical companies to be alert for suspicious activity.
Senate Democrats seek aid for Black Americans in virus bill
WASHINGTON (AP) — As Senate Republicans prepare to roll out their next COVID-19 aid bill, the top Democrat said Thursday that he wants to shift $350 billion from an untapped Treasury Department virus relief program to help Black Americans and other people of color during the pandemic and beyond.
European Central Bank urges leaders to act on economy
FRANKFURT, Germany (AP) — 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.
Bank of America sees recessionary impacts 'deep into 2022'
NEW YORK (AP) — 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.
US retail sales jump 7.5% in June, but economy still ails
BALTIMORE (AP) — 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.
EU court cancels US data-sharing pact over snooping concerns
The European Union’s top court ruled Thursday that an agreement that allows thousands of companies — 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.
UK job losses set to rise sharply as numbers on payroll sink
LONDON (AP) — Unemployment across the U.K. has held steady during the coronavirus lockdown as a result of a government salary support scheme, but there are clear signals emerging that job losses will skyrocket over coming months to levels not seen since the 1980s.
Siemens allows 'mobile working' permanently for many workers
BERLIN (AP) — 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
HONG KONG (AP) — 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.
China becomes first economy to grow since virus pandemic
BEIJING (AP) — China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were lifted and factories and stores reopened.
Biden, Gates, other Twitter accounts hacked in Bitcoin scam
Unidentified hackers broke into the Twitter accounts of technology moguls, politicians, celebrities and major companies Wednesday in an apparent Bitcoin scam.
Arizona ban on evictions set to end as heat, infections soar
PHOENIX (AP) — 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.
Walmart latest retailer to require customers to wear masks
NEW YORK (AP) — Walmart will require customers to wear face coverings at all of its namesake and Sam's Club stores, making it the largest retailer to introduce such a policy that has otherwise proven difficult to enforce without state and federal requirements.
American Airlines warns 25,000 workers they could lose jobs
DALLAS (AP) — 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
WASHINGTON (AP) — 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.
Trump reins in major environmental law to speed big projects
ATLANTA (AP) — President Donald Trump announced Wednesday that he is rolling back a foundational Nixon-era environmental law that he says stifles infrastructure projects, but that is credited with keeping big construction projects from fouling up the environment and ensuring there is public input on major projects.
OPEC and allies to ease cuts, allow more oil production
NEW YORK (AP) — 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.
Fed survey says economy has picked up but outlook cloudy
WASHINGTON (AP) — 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.
Without waiter jobs, what happens to creative New York?
NEW YORK (AP) — It’s been the story for many a starry-eyed creative type looking for a big break in the Big Apple — wait tables to pay the bills while auditioning, performing, singing, painting, dancing, writing, whatever it takes to make the dreams of success come true.
Google to invest $4.5 billion in India's Jio digital company
NEW DELHI (AP) — 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.