Latest Business News

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 1, 2020. Asian stocks rose Tuesday after Chinese manufacturing improved, with investors looking ahead to U.S. Federal Reserve Chairman Jerome Powell’s appearance before legislators. (AP Photo/Ahn Young-joon)

Asian stocks gain on stronger Chinese factory data

Dec. 1, 2020 12:50 AM EST

BEIJING (AP) — Asian stocks rose Tuesday after Chinese manufacturing improved, South Korea reported stronger exports and Australia's central bank left its benchmark lending rate at a record low. Markets in Shanghai, Tokyo, Hong Kong and Sydney advanced as investors looked ahead to U.S. Federal Reserve...

Navajo Nation lawmakers consider extending junk food tax

Dec. 1, 2020 12:34 AM EST

FARMINGTON, N.M. (AP) — Lawmakers on the Navajo Nation are considering a bill to extend a 2% sales tax on unhealthy food and beverages sold on the reservation. The bill sponsored by Delegate Amber Kanazbah Crotty is making its way through Navajo Nation Council committees, the Daily Times in Farmington...

FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)

Biden names liberal econ team as pandemic threatens workers

Dec. 1, 2020 12:08 AM EST

WILMINGTON, Del. (AP) — With unemployment still high and the pandemic threatening yet another economic slump, President-elect Joe Biden is assembling a team of liberal advisers who have long focused on the nation’s workers and government efforts to address economic inequality. Janet Yellen,...

UN: Pandemic to fan surge in humanitarian needs in 2021

Dec. 1, 2020 12:00 AM EST

GENEVA (AP) — The U.N. humanitarian office says needs for assistance have ballooned to unprecedented levels this year because of COVID-19, projecting that a staggering 235 million people will require help in 2021. This comes as a result of the coronavirus pandemic and global challenges including conflicts,...

People wearing face masks to help curb the spread of the coronavirus ride mopeds in Hanoi, Vietnam on Thursday, Aug. 6, 2020. Vietnamese health official said on Thursday the COVID-19 outbreak would peak in the coming ten days as the country reported another death and a score of new infections. (AP Photo/Hau Dinh)

The Latest: Vietnam has 1st local transmission in 89 days

Nov. 30, 2020 11:52 PM EST

HANOI, Vietnam -- Vietnamese authorities are conducting intensive contact tracing after the country’s first confirmed local transmission of the coronavirus in 89 days. State media said Tuesday that a 32-year-old man in Ho Chi Minh City tested positive for the coronavirus on Monday after visiting a flight...

Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Dec. 1, 2020. Asian stocks rose Tuesday after Chinese manufacturing improved, with investors looking ahead to U.S. Federal Reserve Chairman Jerome Powell’s appearance before legislators. (AP Photo/Ahn Young-joon)

Asian stocks gain on stronger Chinese factory data

Nov. 30, 2020 11:50 PM EST

BEIJING (AP) — Asian stocks rose Tuesday after Chinese manufacturing improved, with investors looking ahead to U.S. Federal Reserve Chairman Jerome Powell’s appearance before legislators. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney advanced. Wall Street’s benchmark S&P 500 index...

Women wearing face masks to help curb the spread of the coronavirus walk along a pedestrian bridge in Beijing, Monday, Nov. 30, 2020. (AP Photo/Andy Wong)

Asia Today: Vietnam reports 1st local infection in 89 days

Nov. 30, 2020 11:21 PM EST

HANOI, Vietnam (AP) — Vietnamese authorities are conducting intensive contact tracing after discovering the country's first confirmed local transmission of the coronavirus in 89 days. State media said Tuesday that a 32-year-old man in Ho Chi Minh City tested positive for the coronavirus on Monday after...

San Francisco public utilities chief charged with corruption

Nov. 30, 2020 9:23 PM EST

SAN FRANCISCO (AP) — The head of San Francisco's Public Utilities Commission, which oversees millions of dollars in city contracts, was charged with bribery Monday in an ongoing federal probe of corruption. General Manager Harlan Kelly was indicted for honest services wire fraud for allegedly accepting...

FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. (AP Photo/Andrew Harnik, File)

Biden names liberal econ team as pandemic threatens workers

Nov. 30, 2020 9:05 PM EST

WILMINGTON, Del. (AP) — With unemployment still high and the pandemic threatening yet another economic slump, President-elect Joe Biden is assembling a team of liberal advisers who have long focused on the nation’s workers and government efforts to address economic inequality. Janet Yellen,...

COVID hospitalizations shut down bars in Texas county

Nov. 30, 2020 7:51 PM EST

HOUSTON (AP) — A Central Texas county has closed its bars after area hospitalizations for COVID-19 exceeded a state mandated limit. Meanwhile in Houston, officials say they are having problems with some bars that have been allowed to reopen as restaurants but are not enforcing rules related to social...