Latest Economy News

Workers wearing protective gear disinfect as a precaution against the new coronavirus in a class at a high school in Busan, South Korea, Saturday, May 30, 2020. (Jo Jung-ho/Yonhap via AP)

The Latest: Merkel won't commit to attending G-7 in person

May. 30, 2020 4:24 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: — Merkel says she won't commit to attending G-7 in person...

Landlords lining up to evict hundreds once freeze expires

May. 30, 2020 3:01 AM EDT

TAMPA, Fla. (AP) — In the seven weeks since Gov. Ron DeSantis issued an executive order to protect people from losing their homes during the coronavirus pandemic, hundreds of eviction cases have stacked up in Florida courts, waiting for the order to lapse. They include more than 250 in Hillsborough County...

A pupil wearing a face mask to help protect against the spread of the new coronavirus holds his mother's hand through a fence as he arrives at the Ochi Elementary School in Gwangju, South Korea, Friday, May 29, 2020. (Park Chul-hong/Yonhap via AP)

Asia Today: India's caseload surges again; 39 sick in SKorea

May. 30, 2020 2:08 AM EDT

NEW DELHI (AP) — India on Saturday registered another record single-day jump of 7,964 coronavirus cases and 265 deaths, a day before the 2-month-old lockdown is set to end. The Health Ministry put the total number of confirmed cases at 173,763 with 4,971 deaths. The infections include 82,369 people who...

Workers wearing protective gear disinfect as a precaution against the new coronavirus in a class at a high school in Busan, South Korea, Saturday, May 30, 2020. (Jo Jung-ho/Yonhap via AP)

Trump cuts WHO funding as US economy clouds speedy recovery

May. 30, 2020 1:39 AM EDT

WASHINGTON (AP) — Grim employment and spending numbers darkened the prospects for a speedy recovery in the U.S. as the economic devastation from the coronavirus pandemic continues to spread, even as states moved to reopen more sectors. President Donald Trump meanwhile announced that the United States will...

A woman passes a fence outside Brooklyn's Green-Wood Cemetery adorned with tributes to victims of COVID-19, Thursday, May 28, 2020, in New York. The memorial is part of the Naming the Lost project which attempts to humanize the victims who are often just listed as statistics. (AP Photo/Mark Lennihan)

The Latest: 400 German managers, workers returning to China

May. 29, 2020 10:43 PM 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: — Two United Nations peacekeepers serving in Mali have died...

FILE - In this May 19, 2020 file photo traffic moves along Interstate 10 as downtown Los Angeles is seen in the background in Los Angeles. California voters on the November ballot will decide whether to raise property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across the state. (AP Photo/Mark J. Terrill,File)

California to vote on business tax hike worth up to $12B

May. 29, 2020 9:02 PM EDT

SACRAMENTO, Calif. (AP) — California voters in November will decide whether to increase property taxes on commercial and industrial land to raise up to an estimated $12 billion annually for public schools and city halls across the state. The ballot measure contest will pit big city mayors and pro-labor...

A passenger waits to check his luggage at Belgrade Nikola Tesla Airport, Serbia, Thursday, May 21, 2020. Serbia's national carrier Air Serbia has resumed commercial flights as the government eased the lockdown against the new coronavirus. Crisis authorities have said the situation in the country has stabilized despite virus clusters in the southern area. (AP Photo/Darko Vojinovic)

Nations ease more restrictions, air travel opening up more

May. 29, 2020 9:00 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the national and global response, the work place and the spread of the virus. ________________________ BY LAND AND BY SEA: Passenger traffic has resumed at the main...

John Price and Bijan Black have lunch with their son Parker Price, 2, all of Seat Pleasant, Md., at the Wharf area in Washington, Friday, May 29, 2020. This was their first time venturing out since the coronavirus pandemic started. (AP Photo/Susan Walsh)

Trump takes aim at WHO as US economic outlook worsens

May. 29, 2020 8:52 PM EDT

WASHINGTON (AP) — With new U.S. economic numbers highlighting the rough road ahead for a hoped-for rebound, President Donald Trump on Friday took aim at the World Health Organization and China, blaming both for their roles in the pandemic's devastation. Trump announced that the United States will end its...

A customer wears mask as he waits for his order at a Starbucks in Northbrook, Ill., Friday, May 29, 2020. Every region of Illinois met the criteria to move into Phase 3 of reopening Friday, May 29. Most of the state will do so, but Chicago will have to wait until June 3 to partially reopen. Starting Friday, more businesses will be allowed to reopen and people can start gathering in small groups while social distancing. (AP Photo/Nam Y. Huh)

Illinois enters new reopening phase; Pritzker urges caution

May. 29, 2020 7:19 PM EDT

SPRINGFIELD, Ill. (AP) — Gov. J.B. Pritzker warned Illinois residents on Friday to remain vigilant even as the state began to loosen restrictions intended to curb the deadly coronavirus, and he expressed gratitude for the actions taken over the last 10 weeks. With a slowly declining number of new cases of...

In this May 7, 2020, photo, an electronic highway message board in Rio Rancho, New Mexico, encourages people to wear masks during the coronavirus public health emergency. (AP Photo/Susan Montoya Bryan)

Some New Mexico counties feel pinch as police issue warnings

May. 29, 2020 6:04 PM EDT

ALBUQUERQUE, N.M. (AP) — Some New Mexico counties have seen visitor spending collapse while others have seen revenues in the construction and agriculture industries grow in recent months, according to data released Friday by the state Economic Development Department. The numbers for the third quarter of...