Latest Economy News

Treasury Secretary Steven Mnuchin arrives at House Speaker Nancy Pelosi's office on Capitol Hill in Washington, Thursday, Aug. 6, 2020. (AP Photo/Carolyn Kaster)

Trump, McConnell huddle; virus aid talks at risk of collapse

Aug. 6, 2020 6:51 PM EDT

WASHINGTON (AP) — President Donald Trump huddled at the White House Thursday with the Senate's top Republican, searching for a way forward on vital COVID-19 rescue money, while Trump's top bargainers returned to Capitol Hill amid increasing concern that negotiations with Democrats might collapse. The...

Trump targets Canada, re-imposing tariffs on aluminum

Aug. 6, 2020 6:23 PM EDT

WASHINGTON (AP) — President Donald Trump said Thursday that the United States is reinstating a 10% import tax on Canadian aluminum, raising tensions with an American ally just weeks after his trade pact with Canada and Mexico took effect. Trump originally imposed the tariffs on aluminum imports in 2018. He...

President Donald Trump speaks during an event at the Whirlpool Corporation facility in Clyde, Ohio, Thursday, Aug. 6, 2020. Trump is in Ohio to promote the economic prosperity that much of the nation enjoyed before the coronavirus pandemic and try to make the case that he is best suited to rebuild a crippled economy. (AP Photo/Susan Walsh)

Playing electoral defense, Trump claims Biden opposes God

Aug. 6, 2020 6:09 PM EDT

CLEVELAND (AP) — President Donald Trump billed his trip to Ohio Thursday as a chance to promote economic recovery, but he quickly pivoted to a deeply personal attack on Joe Biden, even questioning without foundation the former vice president's faith in God. Even for a president known for his blunt...

FILE - In this April 16, 2020, file photo, pallbearers wearing personal protective equipment suits lift the casket containing the remains of Benedict Somi Vilakasi for his burial ceremony at the Nasrec Memorial Park outside Johannesburg, South Africa. Africa’s confirmed coronavirus cases have surpassed 1 million, but global health experts tell The Associated Press the true toll is several times higher. (AP Photo/Jerome Delay, File)

The Latest: South Africa nearing 10,000 coronavirus deaths

Aug. 6, 2020 6:09 PM EDT

JOHANNESBURG — South Africa is reporting more than 8,300 new confirmed coronavirus cases as the country with the world’s fifth largest caseload is approaching 10,000 deaths. The new health ministry figures push the total cases on the African continent past the 1 million mark. South Africa has more...

Protesters rally against liability protections for employers relating to COVID-19 on Saturday, Aug. 1, 2020, outside the Legislature on the second day of the 32nd Special Session in Carson City, Nev. Nevada's part-time Legislature concluded an emergency special session early Thursday, Aug. 6, after passing a slew of policies that address issues that have arisen amid the coronavirus pandemic and protests over systemic racism. (David Calvert/Nevada Independent via AP, Pool)

Nevada lawmakers OK mail ballots, virus liability protection

Aug. 6, 2020 5:15 PM EDT

CARSON CITY, Nev. (AP) — After Wednesday night hearings continued into Thursday morning, Nevada's part-time Legislature concluded an emergency special session called to address problems that have arisen amid the ongoing coronavirus pandemic and the national reckoning over police abuses of Black people....

FILE – This April 4, 2017, file photo shows the entrance to FirstEnergy Corp.'s Davis-Besse Nuclear Power Station in Oak Harbor, Ohio. A nuclear plant bailout law should be repealed immediately, Democratic members of the Ohio House announced Wednesday, July 22, 2020, as a bribery scandal involving one of the state’s most powerful lawmakers unfolded over the law’s passage. (AP Photo/Ron Schwane, File)

4 Ohio operatives plead not guilty in $60M bribery probe

Aug. 6, 2020 4:47 PM EDT

COLUMBUS, Ohio (AP) — Four Ohio lobbyists and political operatives pleaded not guilty Thursday to charges they conspired as part of what one defendant called an “unholy alliance” aimed at bailing out two aging Ohio nuclear power plants. Former Republican House Speaker Larry Householder and...

Miami Lighthouse for the Blind and Visually Impaired director of children's programs Isabel Chica, right, and Cameron Sisser, left, vice president for external relations, bring donated food to Greyla Javier, center, and her family, Thursday, Aug. 6, 2020, at Javier's home in Miami. Miami Lighthouse provided the meals to needy families with blind or visually impaired children like Javier's, who have been economically affected by the COVID-19 pandemic. Miami Lighthouse started the Family Security Fund Campaign and has been spending an average of $3,500 a week to help numerous local families who are experiencing food insecurities. (AP Photo/Wilfredo Lee)

Florida rescinds quarantine mandate for New York travelers

Aug. 6, 2020 4:43 PM EDT

ORLANDO, Fla. (AP) — Florida Gov. Ron DeSantis rescinded an order requiring people traveling from New York, New Jersey and Connecticut to the Sunshine State to quarantine or isolate for 14 days. The order signed by DeSantis and made public Thursday also eliminated detailed requirements for when restaurant...

How major US stock indexes fared Thursday

Aug. 6, 2020 4:35 PM EDT

Stocks closed higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high. Technology and communication services stocks powered the rally, which extended the S&P 500's winning streak to a fifth day. The benchmark index is now...

FILE - A woman wearing a mask walks her dog past the New York Stock Exchange, Tuesday, June 30, 2020.  Stocks are drifting in early trading on Wall Street Thursday, Aug. 6,  after a report suggested that the number of layoffs across the country is slowing, though it remains incredibly high. (AP Photo/Mark Lennihan)

Wall Street perks up as S&P 500 pulls within 1.1% of record

Aug. 6, 2020 4:33 PM EDT

NEW YORK (AP) — Stocks perked higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high. The S&P 500 rose 21.39, or 0.6%, to 3,349.16, as investors also waited for Congress and the White House to reach a hoped-for deal on...

In this  Feb. 15 2017 photo, state Rep. Matt Gurtler, R-Tiger, presents HB 156 to a subcommittee of the Public Safety & Homeland Security Committee in Atlanta. State Rep. Matt Gurtler and Athens gun dealer Andrew Clyde advanced to a runoff in northeast Georgia’s 9th Congressional District from a nine-candidate field in the state's primary election Tuesday, June 9, 2020. (Bob Andres/Atlanta Journal-Constitution via AP)

Clyde, Gurtler, vie for Republican nod in northeast Georgia

Aug. 6, 2020 4:27 PM EDT

ATLANTA (AP) — A self-styled constitutional conservative who's been a thorn in the side of Republican leadership is taking on a gun dealer who fought the IRS and won in the Republican runoff in Georgia's 9th Congressional District. The winner of Tuesday's matchup between Matt Gurtler and Andrew Clyde will...