Latest Economy News

President Joe Biden speaks during the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021.(AP Photo/Patrick Semansky, Pool)

At 78 and the oldest president, Biden sees a world changed

Jan. 23, 2021 1:41 PM EST

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...

FILE - In this Jan. 19, 2021 file photo, demonstrators face police officers during clashes in Ettadhamen City near Tunis. Protests have swept towns and cities throughout Tunisia for a week, often turning to violence as demonstrators denounce what they say are broken promises from the government, which hasn't been able to turn around an economy on the verge of bankruptcy. (AP Photo/Hassene Dridi, File)

Tunisia extends curfew, ban on protests as virus cases jump

Jan. 23, 2021 12:48 PM EST

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

Jan. 23, 2021 12:04 PM EST

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,...

A portrait of former President Abraham Lincoln President hangs in the State Dining Room of the White House as Joe Biden delivers remarks on the economy Friday, Jan. 22, 2021, in Washington. (AP Photo/Evan Vucci)

Biden's early approach to virus: Underpromise, overdeliver

Jan. 23, 2021 12:48 AM EST

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...

A medical staffer takes care of COVID-19 patients at the intensive care unit of the Rafik Hariri University Hospital in Beirut, Lebanon, Friday, Jan. 22, 2021. Hospitals in Lebanon are reaching full capacity amid a dramatic surge in coronavirus cases across the crisis-hit Mediterranean nation even amid strict lockdown. (AP Photo/Bilal Hussein)

Top Lebanese hospitals fight exhausting battle against virus

Jan. 23, 2021 12:28 AM EST

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,...

Tourists party on a yacht in Dubai, United Arab Emirates, Tuesday, Jan. 12, 2021. Since becoming one of the world's first destinations to open up for tourism, Dubai has promoted itself as the ideal pandemic vacation spot. With peak tourism season in full swing, coronavirus infections are surging to unprecedented heights, with daily case counts nearly tripling in the past month, but in the face of a growing economic crisis, the city won't lock down and can't afford to stand still. (AP Photo/Kamran Jebreili)

Denmark suspends Dubai flights amid doubts over virus tests

Jan. 22, 2021 11:17 PM EST

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...

FILE - In this July 18, 2020, file photo a closed sign hangs in the window of a barber shop in Burbank, Calif. 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, Jan. 22, 2021. (AP Photo/Marcio Jose Sanchez, File)

California jobless rate edges up amid 52,000 lost jobs

Jan. 22, 2021 8:17 PM EST

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...

FILE - In this April 24, 2015, file photo, pumpjacks work in a field near Lovington, N.M. Oil and gas development infused $2.8 billion into New Mexico coffers during the 2020 fiscal year and marked its second-highest total revenue ever reported despite a global price war and plummeting demand amid the coronavirus pandemic, according to a report released Monday, Dec. 21, 2020. (AP Photo/Charlie Riedel, File)

Biden's pause on oil cause for big concern in New Mexico

Jan. 22, 2021 7:57 PM EST

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...

In this image provided by Christus St. Vincent Regional Medical Center, pharmacy staff members unpack the first shipment of COVID-19 vaccines at the hospital in Santa Fe, New Mexico, on Monday, Dec. 14, 2020. The medical center was the first in New Mexico to receive doses as hospitals elsewhere around the state prepared for deliveries later this week. (Christus St. Vincent Regional Medical Center via AP)

New Mexico leads nation in Medicaid health care enrollment

Jan. 22, 2021 7:25 PM EST

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...

A portrait of former President Abraham Lincoln President hangs in the State Dining Room of the White House as Joe Biden delivers remarks on the economy Friday, Jan. 22, 2021, in Washington. (AP Photo/Evan Vucci)

Biden's early approach to virus: Underpromise, overdeliver

Jan. 22, 2021 7:10 PM EST

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...