Latest Economy News

President Donald Trump and Mexican President Andres Manuel Lopez Obrador arrive for an event in the Rose Garden at the White House, Wednesday, July 8, 2020, in Washington. (AP Photo/Evan Vucci)

Trump forgoes insults of past, calls Mexico cherished friend

Jul. 8, 2020 6:29 PM EDT

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...

FILE - In this Feb. 25, 2020 file photo, Democratic presidential candidates, Sen. Bernie Sanders, I-Vt., left, and former Vice President Joe Biden, talk before a Democratic presidential primary debate in Charleston, S.C. Political task forces Biden formed with Sanders to solidify support among the Democratic Party's progressive wing recommended Wednesday, July 8, that the former vice president embrace proposals to combat climate change and institutional racism while expanding health care coverage and rebuilding a coronavirus-ravaged economy. (AP Photo/Matt Rourke, File)

Biden-Sanders task forces unveil joint goals for party unity

Jul. 8, 2020 6:12 PM EDT

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...

FILE - In this June 30, 2020, file photo Senate Majority Leader Mitch McConnell, R-Ky., listens to questions during a news conference following a GOP policy meeting on Capitol Hill in Washington. McConnell is emerging the GOP's mask spokesman, the highest ranking Republican in Congress proselytizing about the importance of wearing a face covering during the pandemic. (AP Photo/Manuel Balce Ceneta, File)

Trump aside, McConnell becomes GOP's preacher on masks

Jul. 8, 2020 5:54 PM EDT

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...

FILE - In this July 17, 2019, file photo, Atlanta Mayor Keisha Lance Bottoms speaks during a Senate Democrats' Special Committee on the Climate Crisis on Capitol Hill in Washington.  Bottoms announced Monday, July 6, 2020, that she had tested positive for COVID-19. (AP Photo/Andrew Harnik, File)

The Latest: Official says Tulsa rally likely led to surge

Jul. 8, 2020 5:40 PM EDT

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

Jul. 8, 2020 5:24 PM EDT

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...

FILE - In this Tuesday, July 7, 2020 file photo, pedestrians wearing protective masks during the coronavirus pandemic pass by the New York Stock Exchange in New York. (AP Photo/Frank Franklin II, File)

Wall Street's rally gets back on track as tech leads the way

Jul. 8, 2020 5:12 PM EDT

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...

FILE - This May 27, 2019, file photo shows the Fiat Chrysler Automobiles world headquarters in Auburn Hills, Mich. A federal judge in Detroit dismissed General Motors’ lawsuit Wednesday, July 8, 2020, alleging that rival Fiat Chrysler paid off union leaders to get better contract terms than GM. (AP Photo/Paul Sancya, File)

Judge dismisses GM's bribery lawsuit against Fiat Chrysler

Jul. 8, 2020 5:08 PM EDT

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...

CORRECTS DATE OF PHOTO TO AUG. 4, 2011, INTEAD OF SEPT. 11, 2001 - FILE - In this Aug. 4, 2011, file photo, a man passes a Brooks Brothers store on Church Street in New York's financial district. The 200-year-old fashion retailer that says it's put 40 U.S. presidents in its suits, is filing for bankruptcy protection on Wednesday, July 8, 2020. (AP Photo/Mark Lennihan, File)

Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt

Jul. 8, 2020 5:03 PM EDT

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

Jul. 8, 2020 5:01 PM EDT

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

Jul. 8, 2020 4:54 PM EDT

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...