Business

Edgar Gomez has his hair cut by George Garcia, owner of George's Barber Shop, Tuesday, July 14, 2020, in San Pedro, Calif. Gov. Gavin Newsom this week ordered that indoor businesses like salons, barber shops, restaurants, movie theaters, museums and others close due to the spread of COVID-19. (AP Photo/Ashley Landis)
July 16, 2020 - 1:22 pm
HUNTINGTON BEACH, Calif. (AP) — At the start of the year, Luis Lopez moved his barbershop to a bigger location with three more chairs and more than twice the rent. Then, when the coronavirus pandemic hit, he had to close, plunk down more cash for upgrades to health safety standards and wait for...
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FILE - In this July 14, 2020, file photo, a firefighter wears a face mask with the colors of the French flag, prior to the Bastille Day parade on the Champs-Élysées avenue in Paris. Masks made of cotton and other washable materials have become a big seller as face coverings have emerged as one of the most effective ways to prevent further spread of the coronavirus. (AP Photo/Christophe Ena, Pool)
July 16, 2020 - 1:10 pm
SALEM, Ore. (AP) — They can be colorful or come in basic black, make a political statement or just a funny one. Masks made of cotton and other washable materials have become big sellers, and an emerging fashion item, as face coverings have been increasingly mandated around the world to reduce the...
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Attorney General William Barr participates in a law enforcement briefing on the MS-13 gang with President Donald Trump in the Oval Office of the White House, Wednesday, July 15, 2020, in Washington. (AP Photo/Patrick Semansky)
July 16, 2020 - 12:53 pm
WASHINGTON (AP) — The United States has become overly reliant on Chinese goods and services, including face masks, medical gowns and other protective equipment designed to curb the spread of the coronavirus, Attorney General William Barr said Thursday. He also accused hackers linked to the Chinese...
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FILE - In this May 22, 2020 file photo a sold sign stands in front of a house in Brighton, N.Y. Average rates on long-term mortgages continue to fall to new record lows, as the key 30-year loan dropped below 3% for the first time in 50 years. The stagnant economic recovery in the face of the coronavirus pandemic is keeping inflation tamped down despite pent-up homebuying demand. (AP Photo/Ted Shaffrey, File)
July 16, 2020 - 12:45 pm
WASHINGTON (AP) — Average rates on long-term mortgages continue to fall to new record lows, as the key 30-year loan dropped below 3% for the first time in 50 years. The stagnant economic recovery in the face of the coronavirus pandemic is keeping inflation tamped down despite pent-up homebuying...
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A bottle of hand sanitizer stands next to an EU flag at the entrance to the European Council building in Brussels, Thursday, July 16, 2020. On Friday, July 17, 2020, leaders from the 27 European Union nations will meet face-to-face to try to carve up a potential package of 1.85 trillion euros among themselves. Due to coronavirus concerns, Friday's summit will be held in a larger-than-usual meeting room to meet social distancing requirements, the media will be kept to a minimum and there will be no group photo of the leaders. (AP Photo/Francisco Seco)
July 16, 2020 - 11:59 am
BRUSSELS (AP) — As European Union leaders start pouring in early for a two-day summit starting Friday, all realize that rarely so much has been on the line. The 27-nation bloc is battered by the coronavirus pandemic, much of its economy in need of a massive aid injection and its countries riven by...
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Tourists wearing face masks wait to cross a road in downtown Barcelona, Spain, Thursday, July 16, 2020. With Europe's summer vacation season kicking into high gear for millions weary of months of lockdown, scenes of drunken British and German tourists on Spain's Mallorca island ignoring social distancing rules and reports of American visitors flouting quarantine measures in Ireland are raising fears of a resurgence of infections in countries that have battled for months to flatten the COVID-19 curve. (AP Photo/Emilio Morenatti)
July 16, 2020 - 11:49 am
MADRID (AP) — From the palm-fringed beaches of southern India to the bar-lined streets of a Spanish island and the rolling hills of Ireland, restaurants, pubs and clubs are emerging as frontlines in efforts to prevent the re-emergence of the coronavirus. With Europe’s summer vacation season kicking...
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At sunset, the sky above the Frankfurt skyline and the water of the river Main are colored deep red, Friday, June 19, 2020, in Frankfurt, Germany. (Arne Dedert/dpa via AP)
July 16, 2020 - 10:33 am
FRANKFURT, Germany (AP) — The European Central Bank hit pause Thursday after deploying massive stimulus measures in recent weeks and urged government leaders to do their part by agreeing on an EU-wide fund to support regions hardest hit by the virus outbreak. ECB President Christine Lagarde said...
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Dutch King Willem-Alexander tours the "Contagious!" exhibit at Rijksmuseum Boerhave in Leiden, Netherlands, Thursday, July 16, 2020. The museum finally opened an exhibition Thursday on contagious diseases through the ages after a long delay caused by the disease currently sweeping the world, COVID-19. (Robin van Lonkhuijsen, Pool via AP)
July 16, 2020 - 10:32 am
THE HAGUE, Netherlands -- The Dutch government aims to introduce a coronavirus tracking app nationwide on Sept. 1 to help rein in the spread of the virus. Health Minister Hugo de Jonge says the app will roll out across the country once final security tests are completed and only if the country’s...
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A man walks on Wall Street, Thursday, July 16, 2020 in New York. Stocks are opening broadly lower on Wall Street Thursday, extending weakness in overseas markets. (AP Photo/Mark Lennihan)
July 16, 2020 - 10:12 am
NEW YORK (AP) — Wall Street is retreating in early trading Thursday following a mixed set of reports on the economy, including one showing that layoffs continue across the country at a stubbornly steady pace. The S&P 500 was 0.6% lower after the first half hour of trading, following markets...
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July 16, 2020 - 8:50 am
BALTIMORE (AP) — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery. The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a...
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