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A man stands in front of a blank electronic stock board supposedly showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Oct. 1, 2020. Trading on the Tokyo Stock Exchange was suspended Thursday because of a problem in the system for relaying market information. Most other Asian markets were closed for national holidays. (AP Photo/Eugene Hoshiko)

Wall Street rises again on hopes that Congress can deliver

Oct. 1, 2020 9:58 AM EDT

NEW YORK (AP) — Wall Street is rising again in Thursday morning trading with hopes that Washington can get past its partisanship to deliver more support for the economy. The S&P 500 was 0.7% higher as talks continue on a deal that could send more cash to Americans, restore jobless benefits for laid-off...

FILE - In this June 25, 2020, file photo, rows of United Airlines check-in counters at O'Hare International Airport in Chicago are unoccupied amid the coronavirus pandemic. About 40,000 workers in the airline industry are facing layoffs on Thursday, Oct. 1, unless Congress comes up with another aid package. With air travel down about 70% from last year, many carriers including United and American say they’ll be forced to cut jobs without additional aid. (AP Photo/Teresa Crawford, File)

US layoffs remain elevated as 837,000 seek jobless aid

Oct. 1, 2020 9:41 AM EDT

WASHINGTON (AP) — The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer. The Labor Department's report, released Thursday, suggests that companies are still cutting a...

Actor and theater director Aris Laskos poses outside the Theater of Neos Kosmos in Athens, Thursday, Oct. 1, 2020. Laskos based in Athens, hasn't worked since early February and received a one-off support check for 800 euros ($940) shortly after the country's economy was placed in lockdown in the spring due to the pandemic. (AP Photo/Thanassis Stavrakis)

Unemployment marches higher in Europe as pandemic grinds on

Oct. 1, 2020 9:35 AM EDT

FRANKFURT, Germany (AP) — Unemployment rose for a fifth straight month in Europe in August and is expected to grow further amid concern that extensive government support programs won't be able keep many businesses hit by coronavirus restrictions afloat forever. The jobless rate increased to 8.1% in the 19...

US jobless claims reach 837,000 as layoffs remain high nearly 7 months after virus struck economy

Oct. 1, 2020 8:32 AM EDT
WASHINGTON (AP) — US jobless claims reach 837,000 as layoffs remain high nearly 7 months after virus struck economy.
A man stands in front of a blank electronic stock board supposedly showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Oct. 1, 2020. Trading on the Tokyo Stock Exchange was suspended Thursday because of a problem in the system for relaying market information. Most other Asian markets were closed for national holidays. (AP Photo/Eugene Hoshiko)

Tokyo trading stops over system failure, China on holiday

Oct. 1, 2020 12:07 AM EDT

TOKYO (AP) — Trading on the Tokyo Stock Exchange was suspended Thursday because of a problem in the system for relaying market information. Most other Asian markets were closed for national holidays. The Tokyo Stock Exchange said that all trading was stopped because of the problem, and will not resume for...

Treasury Secretary Steven Mnuchin, makes a brief comment as he leaves the Capitol, Wednesday, Sept. 30, 2020, in Washington. Mnuchin earlier met with House Speaker Nancy Pelosi of Calif. (AP Photo/Manuel Balce Ceneta)

Pelosi and Mnuchin have 'extensive' talks on COVID relief

Sep. 30, 2020 8:37 PM EDT

WASHINGTON (AP) — House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an “extensive conversation" Wednesday on a huge COVID-19 rescue package, meeting face to face for the first time in more than a month in a last-ditch effort to seal a tentative accord on an additional round of...

In this photo provided by the New York Stock Exchange traders gather at a post on the NYSE trading floor during the direct listing of Asana, Wednesday, Sept. 30, 2020. Wall Street is rallying Wednesday with rising hope that Washington may break through its partisanship to deliver more aid for the economy. (Courtney Crow/New York Stock Exchange via AP)

Wall Street rallies to close out strong, but wild quarter

Sep. 30, 2020 5:12 PM EDT

NEW YORK (AP) — U.S. stocks rallied on Wednesday, but only after zooming up, down and back up again in a fitting end to what was a wild month and quarter for Wall Street. Prospects for additional support from Congress for the economy helped drive the day’s trading, as they have for weeks. The...

People wear face masks as they walk away from a subway station in Frankfurt, Germany, Thursday, Sept. 24, 2020. (AP Photo/Michael Probst)

German jobless rate falls in September, fewer on furlough

Sep. 30, 2020 5:35 AM EDT

BERLIN (AP) — Germany's unemployment rate declined in September despite the coronavirus pandemic, official data showed Wednesday. Jobless figures have been kept lower by extensive use of a short-term salary support program, but estimates show that the number of people receiving that support is also...

A man looks at screens showing Japan's Nikkei 225 index at a securities firm in Tokyo on Friday, Sept. 18, 2020. Stocks are mixed Wednesday, Sept. 30, in Asia as investors wait for the first debate between President Donald Trump and Democratic challenger Joe Biden. (AP Photo/Hiro Komae)

Markets mixed after Trump-Biden debate; data lifts China

Sep. 29, 2020 11:53 PM EDT

Stocks were mixed in Asia on Wednesday while upbeat manufacturing data lifted shares in China as investors studied the outcome of the debate between President Donald Trump and his Democratic challenger, Joe Biden. Hong Kong and Shanghai led regional gains while Japan’s Nikkei 225 edged lower. Overnight,...

FILE - In this Thursday, May 28, 2020 file photo, children swing in a playground at Leopold park during the partial lifting of coronavirus, COVID-19, lockdown regulations in Brussels. The European Union's external auditor said Tuesday, Sept. 29, 2020 that child poverty has reached worrying levels across the world's largest economy, and has become an unacceptable situation likely to worsen during the coronavirus pandemic. (AP Photo/Francisco Seco, File)

Child poverty likely to increase in EU amid virus pandemic

Sep. 29, 2020 4:47 PM EDT

BRUSSELS (AP) — Child poverty has reached an “unacceptable" level across the European Union, the world's largest trading bloc, a situation likely to worsen during the coronavirus pandemic, the EU's external auditor said Tuesday. According to EU data, almost 23 million people under 18 —...