Economy

FILE - In this April 2, 2014, file photo, members of the media wait outside of the Bernie Beck Gate, an entrance to the Fort Hood military base in Fort Hood, Texas. Federal agents have seized more than 20 vehicles and the money in 10 bank accounts from a couple of U.S. Army veterans in Texas, who they say used personal information stolen from soldiers to defraud the military out of as much as $11 million. In an affidavit filed in court in June 2020 seeking to search the couple's home in Killeen, near Fort Hood, investigators described how they allegedly used a transportation reimbursement program to swindle the Army out of $2.3 million to $11.3 million. (AP Photo/Tamir Kalifa, File)
July 16, 2020 - 12:55 pm
DALLAS (AP) — Federal agents have seized more than 20 vehicles and the money from 10 bank accounts belonging to a married couple of U.S. Army veterans in Texas, saying the pair used personal information stolen from soldiers to defraud the military out of as much as $11 million. Army investigators...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
President Donald Trump walks on the South Lawn of the White House in Washington, Wednesday, July 15, 2020, after stepping off Marine One. Trump is returning from Atlanta. (AP Photo/Patrick Semansky)
July 16, 2020 - 10:18 am
NEW YORK (AP) — President Donald Trump is adamant that he wants another four years in office. It's less clear what he would do with them. The Republican president repeatedly assailed Democratic rival Joe Biden during a rambling, hourlong Rose Garden news conference Tuesday that doubled as a...
Read More
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...
Read More
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...
Read More
FILE - In this Oct. 14, 2019, file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building in Boston. The Federal Reserve said on Thursday, June 25, 2020, a worst-case scenario for the U.S. economy ravaged by the coronavirus pandemic would cause nation’s 34 largest banks to collectively lose roughly $700 billion. To bolster the banks ahead such a potentially damaging recession, the Fed ordered the banks to suspend stock buybacks and dividend payouts until Sept. 30. (AP Photo/Steven Senne)
July 16, 2020 - 8:05 am
NEW YORK (AP) — Bank of America's second quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans caused by the pandemic. Bank earnings this quarter have begun to paint a picture of American families and businesses struggling to...
Read More
FILE - In this Thursday, April 30, 2020 file photo, a woman wearing a mask to protect against coronavirus, rides a bicycle past a job centre in Shepherd's Bush, as the lockdown to curb the spread of coronavirus continues, in London. Unemployment across the U.K. has held steady during the coronavirus lockdown as a result of a government salary support scheme, but there are clear signals emerging that job losses will skyrocket over coming months. The Office for National Statistics said Thursday, July 16, 2020 there were 649,000 fewer people, or 2.2%, on payroll in June when compared with March when the lockdown restrictions were imposed. (AP Photo/Alberto Pezzali, File)
July 16, 2020 - 7:27 am
LONDON (AP) — Unemployment across the U.K. has held steady during the coronavirus lockdown as a result of a government salary support scheme, but there are clear signals emerging that job losses will skyrocket over coming months to levels not seen since the 1980s. The Office for National Statistics...
Read More

Pages