Oct 28 S&P 500 sinks 3.5 percent as surging virus cases threaten shutdowns By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press The Dow Jones Industrial Average dropped 943 points Wednesday as surging coronavirus cases in the U.S. and Europe threaten more business shutdowns and pain for the economy. Continue reading
Oct 27 WATCH: Social media CEOs face grilling from Republican senators By Marcy Gordon, Associated Press The Senate Commerce Committee has summoned Twitter CEO Jack Dorsey, Facebook's Mark Zuckerberg and Google's Sundar Pichai to testify for a hearing Wednesday. The CEOs agreed to appear remotely after being threatened with subpoenas. Continue reading
Oct 27 Consumer confidence dips to 100.9 as virus spreads in U.S. By Matt Ott, Associated Press Consumer spending accounts for 70 percent of economic activity in the U.S., so a decline in confidence gets a lot of attention from economists, especially as the U.S. heads into the crucial holiday shopping season. Continue reading
Oct 26 Kushner says Black people must 'want to be successful' to benefit from Trump policies By Associated Press Presidential adviser Jared Kushner says President Donald Trump wants to help Black Americans, but they have to "want to be successful" for his policies to work. Continue reading
Oct 26 U.S. stocks tumble toward worst day in a month amid virus woes By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press Stocks of companies that need the virus to abate and the economy to return to normal had some of the sharpest losses on Wall Street. Stocks also weakened across much of Europe and Asia. Continue reading
Oct 26 As virus resurges, so does fear of more economic pain By Christopher Rugaber, Associated Press With confirmed COVID cases surging across the country, there is the risk that the economy could weaken again as more people choose to hunker down at home — and that even more stimulus might be needed next year than negotiators… Continue reading
Oct 22 Walmart sues U.S. in pre-emptive strike in opioid abuse battle By Anne D'Innocenzio, Associated Press The government is expected to take civil action against the world's largest retailer, seeking big financial penalties, for the role its pharmacies may have played in the crisis by filling opioid prescriptions. Continue reading
Oct 22 Cuba says U.S. sanctions have caused nearly $5.6 billion in losses By Andrea Rodriguez, Associated Press Cuban Foreign Minister Bruno Rodríguez on Thursday decried what he said is a growing number of sanctions suffocating the island, a topic that is on the agenda for next year's U.N. General Assembly session. Continue reading
Oct 20 Watch 4:15 Why Democrats and Republicans have different priorities on COVID relief Is time running out for economic stimulus before Election Day? The informal deadline set by House Speaker Nancy Pelosi is passing Tuesday. She and Treasury Secretary Steve Mnuchin held more talks about pandemic relief but did not yet reach agreement. Continue watching
Oct 20 Watch 6:49 Without more federal aid, U.S. economy could take years to recover from pandemic The coronavirus relief package Congress and the White House are negotiating over has a dual purpose of easing financial hardship for the unemployed and putting more money into the hands of consumers to keep the economy running. What happens when… Continue watching