Fed’s Powell: Lack of further stimulus imperils recovery
WASHINGTON — Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may…
AP Wire
US job postings edge down to 6.49 million
WASHINGTON — U.S. employers advertised for slightly fewer jobs in August as hiring ticked up modestly. The number of U.S. job postings on the last…
‘Dune’ ditches 2020, while AMC commits to staying open
The 2020 theatrical release calendar is getting even slimmer in the wake of the announcement that Regal cinemas are temporarily closing, although AMC, North America’s…
US trade deficit up to $67.1 billion in August, 14-year high
WASHINGTON — The U.S. trade deficit rose in August to the highest level in 14 years. The Commerce Department reported today that the gap between…
IMF head says global economy facing long climb to recovery
WASHINGTON — The head of the International Monetary Fund says that the global economy has started on a long climb to stronger growth with prospects…
Australia plans massive pandemic budget, record deficit
CANBERRA, Australia — The Australian government today announced plans to cut income taxes, create jobs for young people and stimulate business investment with a raft…
Service sector grows for the 4th consecutive month
WASHINGTON — The U.S. services sector, where most Americans work, grew for a fourth straight month in September as the country continued to reopen following…
Pandemic pushes start of holiday shopping earlier than ever
NEW YORK — Add last-minute holiday shopping to the list of time-honored traditions being upended by the coronavirus pandemic. Retailers are kicking off the holiday…
Survey: Business economists see coronavirus as biggest risk
WASHINGTON — The U.S. economy faces risks from a potential resurgence of the coronavirus and from the failure so far of Congress to provide additional…
Microsoft plans $1 billion data center venture in Greece
ATHENS, Greece — Microsoft has announced plans to build three data center sites in greater Athens, providing a badly needed investment of up to $1…