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In this March 27, 2020, photo, House Speaker Nancy Pelosi of Calif., walks to her office after signing the Coronavirus Aid, Relief, and Economic Security (CARES) Act on Capitol Hill in Washington. President Donald Trump wants to spend $2 trillion on infrastructure projects to create jobs and help the collapsing economy rebuild from the coronavirus' stunning blows. Pelosi says that seems about right. Sounds like the prelude to a bipartisan deal. Except that when it comes to trying to upgrade the country's road, rail, water and broadband systems, Washington frequently veers off the tracks — usually over the bill's contents and how to pay for it. (AP Photo/Andrew Harnik)

Infrastructure often embraced by both parties, to no avail

Apr. 2, 2020 12:06 AM EDT

WASHINGTON (AP) — President Donald Trump wants to spend $2 trillion on infrastructure projects to create jobs and help the collapsing economy rebuild from the coronavirus' stunning blows. House Speaker Nancy Pelosi says that seems about right. Sounds like the prelude to a bipartisan deal. Except that when...

A woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Thursday, April 2, 2020. Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak's global economic cost increased.(AP Photo/Kin Cheung)

Asian stocks mixed as economic toll of virus worsens

Apr. 2, 2020 12:04 AM EDT

BEIJING (AP) — Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak's global economic cost increased. Benchmarks in Tokyo and Hong Kong opened lower but were trading higher by...

Wearing a mask amid concerns of the spread of COVID-19 a woman pushes a basket full of groceries out of a store in Richardson, Texas, Wednesday, April 1, 2020. (AP Photo/LM Otero)

Virus spreads and car sales, energy prices, markets tumble

Apr. 1, 2020 8:58 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Wednesday related to the global economy, the work place and the spread of the virus. ________ THINGS WE VALUED: The outbreak has reshuffled the pecking order of what holds value and...

Closing prices for crude oil, gold and other commodities

Apr. 1, 2020 4:48 PM EDT

Benchmark crude oil fell 17 cents to settle at $20.31 a barrel Wednesday. Brent crude oil, the international standard, fell $1.61 to close at $24.74 a barrel. Wholesale gasoline fell 5 cents to 55 cents a gallon. Heating oil fell 7 cents to 93 cents a gallon. Natural gas dropped 5 cents to $1.59 per 1,000 cubic...

Stryker, Children's Place fall

Apr. 1, 2020 4:37 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: BP Plc., down 2 cents to $24.37. The oil company is cutting spending by 25% as the virus pandemic and low demand sink oil prices. Stryker Corp., down $21.82 to $144.67. The surgical equipment company pulled its financial...

A closed sign is displayed on a Macy's storefront window Monday, March 30, 2020, in San Francisco. Macy's announced that they would furlough a majority of their 130,000 workers after their stores closed due to the virus outbreak. (AP Photo/Ben Margot)

Macy's to be removed from S&P 500; credit rating downgraded

Apr. 1, 2020 12:10 PM EDT

Its market value just a fraction of what it was five years ago, Macy's is being removed from the S&P 500 index. Macy's has been struggling amid competition from discounters and online retailers like Amazon. S&P Dow Jones Global Indices said Tuesday that Macy's will be removed from the benchmark S&P...

Stocks fall more than 3% at open on Wall Street, following declines in Asia, Europe, as Trump warns of 'dark days' ahead

Apr. 1, 2020 9:34 AM EDT
NEW YORK (AP) — Stocks fall more than 3% at open on Wall Street, following declines in Asia, Europe, as Trump warns of 'dark days' ahead.
President Donald Trump speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Tuesday, March 31, 2020, in Washington, as Dr. Deborah Birx, White House coronavirus response coordinator, listens. (AP Photo/Alex Brandon)

The Latest: China reports 36 new COVID-19 cases

Apr. 1, 2020 1:33 AM EDT

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — White House projects between 100,000 and 240,000 U.S....

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Wednesday, April 1, 2020. Asian shares were mixed Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. (AP Photo/Vincent Yu)

Asian stocks fall on lagging worries about virus, recession

Mar. 31, 2020 10:57 PM EDT

TOKYO (AP) — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. Japan's benchmark Nikkei 225 dropped 1.7% in morning trading to 18,588.90. Adding to the damage was the Bank of Japan's...

Commuters wear masks as they ride a bus, to prevent the spread of the new coronavirus in Mexico City, Tuesday, March 31, 2020. Mexico's government has broadened its shutdown of

Too little too late? Experts decry Mexico virus policy delay

Mar. 31, 2020 9:33 PM EDT

MEXICO CITY (AP) — Mexico has started taking tougher measures against the coronavirus after weeks of its president hugging followers and saying religious medals would protect him. Some experts warn the sprawling country of 129 million is acting too late and testing too little to prevent the type of crisis...