Latest Economy News

A girl wears a face mask for protection against COVID-19 infection while crossing a street in Bucharest, Tuesday, Oct. 20, 2020. Local authorities imposed the use of face masks in all public spaces, indoors and outdoors, closed schools, restaurants, theatres and cinemas after the rate of COVID-19 infections went above 3 cases per 1000 inhabitants in the Romanian capital Bucharest. (AP Photo/Andreea Alexandru)

The Latest: Pandemic straining hospitals in northern Idaho

Oct. 21, 2020 8:21 PM EDT

COEUR D'ALENE, Idaho — Health officials in Idaho say people with COVID-19 in the northern part of the state soon may have to be sent for treatment in Seattle or Portland, Oregon, because the region’s hospitals are nearing capacity. Kootenai Health said in a statement Wednesday that its hospital is...

FILE - This May 22, 2020, file photo shows the Federal Reserve building in Washington. A Federal Reserve survey of business conditions around the country has found that the U.S. economy grew at a “slight to modest” pace in September 2020 and early October. (AP Photo/Patrick Semansky, File)

Fed survey finds tepid growth as US economy battles pandemic

Oct. 21, 2020 6:53 PM EDT

WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that the U.S. economy grew at a “slight to modest” pace in September and early October, but also documented many areas of economic activity hobbled by the coronavirus pandemic. The Fed report made...

FILE - This March 18, 2020 photo shows a Tesla charging station for automobiles in Port Huron, Mich.  Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker says Wednesday, Oct. 21,  that it made $874 million, or 27 cents per share, for its fifth-straight profitable quarter.(AP Photo/Paul Sancya, File)

Tesla posts net profit for fifth straight quarter

Oct. 21, 2020 6:52 PM EDT

DETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker said Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable quarter....

A group of Indigenous march during a national strike in Bogota, Colombia, Wednesday, Oct. 21, 2020. Workers' unions, university students, human rights defenders, and Indigenous communities have gathered for a day of protest in conjunction with a national strike across Colombia. The protest is against the assassinations of social leaders, in defense of the right to protest and to demand advances in health, income and employment. (AP Photo/Fernando Vergara)

Protesters in Colombia decry government pandemic response

Oct. 21, 2020 5:24 PM EDT

BOGOTA, Colombia (AP) — Protesters filled a historic square in Colombia’s capital Wednesday to demonstrate against the government’s handling of a wide range of issues including the economic fallout of the pandemic and implementation of the peace accord. Indigenous leaders, students and union...

Editorial Roundup: Pennsylvania

Oct. 21, 2020 5:13 PM EDT

Recent editorials of statewide and national interest from Pennsylvania’s newspapers: Pay attention: Pa. is poised to fall off a budget cliff The Philadelphia Inquirer Oct. 20 Pennsylvania is staring at a fiscal cliff. It’s easy but perilous to ignore state budget minutiae amid a contentious...

How major US stock indexes fared Wednesday

Oct. 21, 2020 4:48 PM EDT

Stocks closed lower on Wall Street Wednesday as negotiations continue to drag on in Washington over delivering more aid for the economy. House Speaker Nancy Pelosi said she’s made progress with the White House on more economic stimulus, and she hopes discussions will continue. Even if they reach a...

Pedestrians pass the New York Stock Exchange Wednesday, Oct. 14, 2020, in New York. Stocks are mostly lower in Asia after pandemic concerns snapped a four-day winning streak on Wall Street.  US stocks are drifting higher Wednesday, Oct. 21,  as negotiations continue in Washington on more aid for the economy, though prospects remain cloudy that anything can happen soon.(AP Photo/Frank Franklin II)

Stocks slip on Wall Street as virus aid deal remains elusive

Oct. 21, 2020 4:44 PM EDT

U.S. stocks capped another wobbly day of trading with modest losses Wednesday as Wall Street waited for any signs of progress as lawmakers in Washington negotiate over how to deliver more aid for the economy. The S&P 500 slipped 0.2% after shifting between small gains and losses for much of the day. The...

An ambulance brings a COVID-19 patient to a specialized hospital in Warsaw, Poland, Tuesday, Oct. 20, 2020. Poland is seeing a sharp spike in new cases daily of coronavirus infections, filling up hospital beds. Poland's government is transforming the National Stadium in Warsaw into a field hospital to handle the surging number of people infected with the coronavirus, and expects it to be operational within days, officials said. (AP Photo/Czarek Sokolowski)

Poland faces restriction upgrade, but no lockdown, PM says

Oct. 21, 2020 3:47 PM EDT

WARSAW, Poland (AP) — Poland’s prime minister signaled Wednesday that the whole country faces being placed on the highest restriction level short of a full lockdown, as health authorities registered a record in new confirmed COVID-19 infections. Mateusz Morawiecki said he would like the current "red...

Kemp announces leader for rural economic development effort

Oct. 21, 2020 2:57 PM EDT

ATLANTA (AP) — The state is hiring a south Georgia economic developer to lead its efforts to bring more jobs and commerce to rural parts of the state. Gov. Brian Kemp and Economic Development Commissioner Pat Wilson announced Wednesday that Tift County's Brian Marlowe will be the new deputy commissioner...

Editorial Roundup: US

Oct. 21, 2020 2:11 PM EDT

Excerpts from recent editorials in the United States and abroad: ___ Oct. 21 Los Angeles Times on the U.S. Department of Justice's antitrust lawsuit against Google: The internet has been a powerful source of innovation and opportunity in the half-century since the first electronic message was sent between...