Economy

Filter

U.S. sanctions pro-China leader of Hong Kong, other officials

By Deb Riechmann, Matthew Lee, Associated Press

The Treasury Department announced sanctions Friday on Carrie Lam, the leader of the pro-Beijing government, and 10 other officials. The sanctions are the latest in a string of actions the Trump administration has taken against China…

U.S. added 1.8 million jobs in July, a sign that hiring has weakened

By Christopher Rugaber, Associated Press

Many employers have been reluctant or unable to hire, with about two-thirds of the nation having paused or reversed reopening plans early last month.

Trump orders ban on dealings with Chinese owners of TikTok, WeChat

By Tali Arbel, Associated Press

The executive orders take effect in 45 days and could bar the apps from the Apple and Google app stores, effectively removing them from U.S. distribution.

During economic collapse, business owners with criminal records are haunted by their past

By Paul Solman, Sam Lane

American businesses suffering through the pandemic’s economic fallout have received hundreds of billions of dollars in federal loans since the Paycheck Protection Program opened this spring. But accessing that funding was challenging for business owners with criminal records. Economics correspondent…

Continue watching

Laid-off workers endure loss of $600 aid calling it a 'nightmare'

By Sarah Skidmore Sell, Paul Wiseman, Associated Press

Even if Congress does reach a deal, the extra unemployment amount is likely to be less than $600. By the time the money starts flowing, it could be too late for many Americans who are already in dire straits.

Trump's Iran envoy quits administration as U.S. pushes embargo

By Matthew Lee, Associated Press

Brian Hook is leaving one day after Secretary of State Mike Pompeo said the U.S. would call for a U.N. Security Council vote next week on resolution to indefinitely extend the embargo beyond October.

1.2 million seek jobless aid after $600 federal checks end

By Paul Wiseman, Associated Press

WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired. The Labor Department's report…

Cuomo takes over governors group as virus batters states

By Marina Villeneuve, Associated Press

New York Gov. Andrew Cuomo is poised to lead the group representing the nation's governors, which has played a pivotal role in pushing the Trump administration about state needs during the coronavirus pandemic.

Court reverses order to shut down Dakota Access pipeline during environmental review

By James MacPherson, Associated Press

The U.S. Court of Appeals for the District of Columbia Circuit on Wednesday sided with pipeline owner Energy Transfer to keep oil flowing while the environmental review is conducted.

WATCH: Trump threatens executive action if no virus relief deal reached

By Associated Press

Trump said Wednesday he'll probably deliver his Republican convention acceptance speech from the White House now that plans to hold the event in two battleground states have been foiled by coronavirus concerns and restrictions.