Latest Economy News

N. Carolina commercial fishermen landed less seafood in 2020

Jul. 23, 2021 13:47 PM EDT

RALEIGH, N.C. (AP) — Commercial fishermen sold nearly 20% less fish and shellfish to North Carolina seafood dealers in 2020, a decline from the previous year that’s being blamed on the state’s stay-at-home order brought on by the COVID-19 pandemic, a state agency said Friday. ...

Stocks push higher on Wall Street, on track for weekly gain

Jul. 23, 2021 12:59 PM EDT

Stocks rose on Wall Street Friday, putting the market on track for a strong finish in a week that opened with a stumble. The S&P 500 index rose 0.9% as of 12:50 p.m. Eastern time and is hovering above the record high it set early last week. The Dow Jones Industrial...

China's Xi visits Tibet amid rising controls over religion

Jul. 23, 2021 11:56 AM EDT

BEIJING (AP) — Chinese leader Xi Jinping has made a rare visit to Tibet as authorities tighten controls over the Himalayan region’s traditional Buddhist culture, accompanied by an accelerated drive for economic development and modernized infrastructure. State media...

Maine health officials not alarmed by COVID-19 increase yet

Jul. 23, 2021 09:39 AM EDT

PORTLAND, Maine (AP) — The number of new coronavirus cases has ticked up in Maine in recent weeks, but state health officials say they aren't sounding the alarm about it yet. The state's daily caseload had dwindled in early summer, with less than 20 new cases reported...

Virus's impact: More relaxing and thinking, less socializing

Jul. 23, 2021 07:09 AM EDT

SAN DIEGO (AP) — The eruption of COVID-19 last year caused the proportion of people working from home in the U.S. to nearly double, with the shift most pronounced among college graduates and workers in such fields as finance and professional services. The share of...

Asian markets mixed after modest gains on Wall St

Jul. 23, 2021 00:00 AM EDT

BANGKOK (AP) — Asian markets were mixed on Friday after major indexes edged higher on Wall Street, preserving their gains for the week. Hong Kong and Shanghai fell while Sydney and Seoul advanced. Tokyo was closed for a holiday. Surges in...

California makes change to pay unemployment benefits faster

Jul. 22, 2021 20:52 PM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom's administration on Thursday announced a major change in how the state pays unemployment benefits, potentially unlocking payments for up to 100,000 people who have gone weeks or months without assistance. Getting...

University of California regents approve rare tuition hike

Jul. 22, 2021 18:07 PM EDT

SAN FRANCISCO (AP) — Despite opposition from student groups, University of California regents on Thursday approved a multiyear plan to raise tuition and fees at one of the nation's premier public university systems. The systemwide tuition increase will put...

NY releases some rent aid, but lawmakers say it's too little

Jul. 22, 2021 17:45 PM EDT

ALBANY, N.Y. (AP) — New York state has sent out just $117,000 in coronavirus pandemic rent relief money to help bail out struggling landlords and tenants as of Thursday, and lawmakers say that is far too little as the expiration of the state's eviction moratorium nears. ...

TAKEAWAYS: Ex-utility regulator had outsized role in scheme

Jul. 22, 2021 17:42 PM EDT

CLEVELAND (AP) — A statement of facts included with FirstEnergy's deferred prosecution agreement announced Thursday by the U.S. Attorney's Office in Cincinnati sheds new light on the role a former utility regulator played in a $60 million corruption scheme involving the Akron-based company....