Latest Economy News
At 78 and the oldest president, Biden sees a world changed
WASHINGTON (AP) — When Joe Biden took the oath of office as the 46th president, he became not only the oldest newly inaugurated U.S. chief executive in history but also the oldest sitting president ever. Biden was born Nov. 20, 1942, in Scranton, Pennsylvania. He was 78 years, two months and one day old...
Tunisia extends curfew, ban on protests as virus cases jump
TUNIS, Tunisia (AP) — Tunisia is extending its virus curfew and banning demonstrations as it tries to stem a rapid rise in infections and calm tensions after a week of protests and rioting over economic troubles. New clashes between protesters and police broke out Saturday hours after the new virus...
Thousands of evictions loom in St. Louis amid pandemic
ST. LOUIS (AP) — Thousands of eviction filings are piling up in St. Louis and St. Louis County courts, leaving landlords and tenants frustrated, and advocates predicting a tidal wave of homelessness to come. Landlords have filed for almost 5,000 evictions since mid-March, when local courts suspended them,...
Biden's early approach to virus: Underpromise, overdeliver
WASHINGTON (AP) — It's a proven political strategy: Underpromise and overdeliver. President Joe Biden, in his first three days in office, has painted a bleak picture of the country's immediate future, warning Americans that it will take months, not weeks, to reorient a nation facing a historic convergence...
Top Lebanese hospitals fight exhausting battle against virus
BEIRUT (AP) — Death stalks the corridors of Beirut's Rafik Hariri University Hospital, where losing multiple patients in one day to COVID-19 has become the new normal. On Friday, the mood among the staff was even more solemn as a young woman lost the battle with the virus. There was silence as the woman,...
Denmark suspends Dubai flights amid doubts over virus tests
COPENHAGEN, Denmark (AP) — Denmark has temporarily suspended all flights from the United Arab Emirates for five days after suspicion arose that the coronavirus tests that can be obtained before leaving Dubai are not reliable, authorities announced Friday. The development, which comes amid a surge of...
California jobless rate edges up amid 52,000 lost jobs
SACRAMENTO, Calif. (AP) — California’s unemployment rate edged up nearly 1 percentage point last month as the state shed more than 52,000 jobs led by the pandemic-hobbled restaurant and lodging industries, the state’s beleaguered Employment Development Department reported Friday. The jobless...
Biden's pause on oil cause for big concern in New Mexico
ALBUQUERQUE, N.M. (AP) — President Joe Biden’s 60-day moratorium on new oil and natural gas leases and drilling permits is prompting widespread concerns in New Mexico, where spending on education and other public programs hinges on the industry’s success. Top Republicans in the state as well...
New Mexico leads nation in Medicaid health care enrollment
SANTA FE, N.M. (AP) — New Mexico has surpassed all other states in its reliance on Medicaid health care as the coronavirus wreaks economic havoc and shifts the way people receive health care, the state's Medicaid director told a panel of lawmakers on Friday. Residents have flocked to the federal- and...
Biden's early approach to virus: Underpromise, overdeliver
WASHINGTON (AP) — It's a proven political strategy: Underpromise and overdeliver. President Joe Biden, in his first three days in office, has painted a bleak picture of the country's immediate future, warning Americans that it will take months, not weeks, to reorient a nation facing a historic convergence...
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