Latest Economy News
The Latest: Mexico estimates its caseload above 1 million
MEXICO CITY — Mexican health officials estimated Wednesday that the country has risen above 1 million coronavirus cases, though the figure includes both confirmed infections as well as suspected cases. Officials put the country’s apparent deaths from COVID-19 at 102,293, again including cases in...
Fed survey finds tepid growth as US economy battles pandemic
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...
Tesla posts net profit for fifth straight quarter
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....
Protesters in Colombia decry government pandemic response
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...
How major US stock indexes fared Wednesday
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...
Stocks slip on Wall Street as virus aid deal remains elusive
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...
Poland faces restriction upgrade, but no lockdown, PM says
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...
Editorial Roundup: US
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...
Trump the dancer? His moves to 'YMCA' at rallies are a hit
TUCSON, Ariz. (AP) — He adjusts his coat. He gazes out at the crowd. And then he goes for it. President Donald Trump, a man who is famously particular about his appearance, is fully embracing doing a dad dance to the Village People's “YMCA” as the finale to his rallies in the campaign's...
UK-EU trade talks back on after bloc offers olive branch
BRUSSELS (AP) — Britain and the European Union will resume their stalled trade negotiations at an “intensified” pace, the British government said Wednesday, in hope of striking a deal within weeks to avoid a messy economic breakup at the end of he year. The announcement came five days after...
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