Economy

Filter

Trump touts his economic policies. What would he do in a 2nd term?

By Paul Solman

Throughout the Republican National Convention, supporters of President Trump have touted his economic record as a key reason they believe he should be reelected. But what would a second-term policy agenda look like for Trump, as the coronavirus pandemic continues…

Continue watching

Powell edges toward loosening the Fed's stance on inflation

By Martin Crutsinger, Associated Press

In a sign of how vastly the U.S. economic landscape has changed, Federal Reserve Chairman Jerome Powell may be on the verge of sending a new message this week: That the Fed plans to leave its key rate pinned near…

American Airlines to eliminate 19,000 jobs amid pandemic-driven downturn in travel

By David Koenig, Associated Press

American began the year with about 140,000 employees but expects fewer than 100,000 to remain in October.

Many Americans shoring up finances amid downturn, poll says

By Josh Boak, Emily Swanson, Associated Press

A new poll from The Associated Press-NORC Center for Public Affairs Research finds 45% of Americans say they are setting aside more money than usual during the coronavirus pandemic.

COVID-19 is 'a crisis within a crisis' for homeless people

By Molly Bohannon, Katie Surma, Austin Fast, Nino Abdaladze, Megan Lupo, Jamie Fields, Sanjana Garg, Howard Center for Investigative Journalism

Homeless people are among the most vulnerable populations in the COVID-19 pandemic, yet they're largely invisible victims. Very little is known about how they're faring.

WATCH: Trump speaks on the virus while visiting North Carolina food program

By Associated Press

In the toss-up state of North Carolina, Trump spoke on a tarmac in Fletcher to several hundred cheering supporters — the majority not wearing masks — after he addressed delegates at the Republican National Convention in Charlotte.

TikTok sues Trump over his pending order to ban app

By Tali Arbel, Associated Press

Video app TikTok is waging a legal fight against the Trump Administration's efforts to ban the popular, Chinese-owned service over national-security concerns.

California's jobless rate improves, but economy still struggles to make a full comeback

By Adam Beam, Associated Press

California added more than 140,000 jobs in July and lowered its unemployment rate to 13.3%. But the unemployment rate is still higher than it ever was during the Great Recession a decade ago.

California court rules Uber, Lyft can consider drivers as independent contractors for now

By Cathy Bussewitz, Michael Liedtke, Associated Press

Both companies had threatened to shut down if a ruling went into effect Friday morning that would have forced them to treat all their drivers as employees, a change they said would be impossible to accomplish overnight.

U.S. jobless claims rise to 1.1 million amid COVID-19

By Christopher Rugaber, Associated Press

The latest figures suggest that more than five months after the viral outbreak erupted the economy is still weak, despite recent gains as some businesses reopen and some sectors like housing and manufacturing have rebounded.