Latest Economy News
Trump forgoes insults of past, calls Mexico cherished friend
WASHINGTON (AP) — President Donald Trump, who has denigrated Mexican migrants and threatened the U.S. ally with crippling tariffs, welcomed President Andrés Manuel López Obrador to the White House on Wednesday, called him a cherished partner and claimed the countries' economic and security ties...
Biden-Sanders task forces unveil joint goals for party unity
WASHINGTON (AP) — Political task forces Joe Biden formed with onetime rival Bernie Sanders to solidify support among the Democratic Party's progressive wing recommended Wednesday that the former vice president embrace major proposals to combat climate change and institutional racism while expanding health...
Trump aside, McConnell becomes GOP's preacher on masks
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell is emerging as the GOP's mask spokesman, proselytizing about the importance of wearing a face covering during the pandemic. President Donald Trump may resist appearing masked in public. But in stops across his home state of Kentucky, the...
The Latest: Official says Tulsa rally likely led to surge
OKLAHOMA CITY — President Donald Trump’s campaign rally in Tulsa in late June that drew thousands of people, along with large protests that accompanied it, “likely contributed” to a dramatic surge in coronavirus cases, health officials said Wednesday. Tulsa County reported 261...
Editorial Roundup: New York
Recent editorials of statewide and national interest from New York’s newspapers: President Trump Has Tools to Pressure China. Will He Use Them? New York Times July 1 Much of the focus on China in recent months has been over the coronavirus that originated there late last year. But that has hardly slowed...
Wall Street's rally gets back on track as tech leads the way
NEW YORK (AP) — Wall Street’s rally got back on track Wednesday after more gains for big technology stocks helped pull the S&P 500 to its sixth gain in seven days. The S&P 500 drifted up and down for most of the day, before a last-hour lift sent it to a gain of 0.8%. Treasury yields and oil...
Judge dismisses GM's bribery lawsuit against Fiat Chrysler
DETROIT (AP) — A federal judge in Detroit has tossed out General Motors’ lawsuit alleging that Fiat Chrysler paid off union leaders to get better contract terms than GM. In a ruling Wednesday, U.S. District Judge Paul Borman wrote that GM’s alleged injuries were not caused by FCA violating...
Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt
NEW YORK (AP) — Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic. Founded in New York in 1818, Brooks Brothers survived two world wars, the Great...
Evers: Capitol will stay closed, state workers to wear masks
MADISON, Wis. (AP) — The Wisconsin Capitol building will not reopen next week, as had been planned, and state employees will have to wear masks whenever they're working indoors to help slow the spread of the coronavirus, Gov. Tony Evers' administration announced Wednesday. The Capitol building has been...
How major US stock indexes fared Wednesday
Stocks closed higher Wednesday, as more gains for big tech companies helped make up for weakness elsewhere across Wall Street. The S&P 500 had its sixth gain in seven days. While the technology sector led the way higher, companies that rely on consumer spending, banks and communication stocks also helped...
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