Jun 05 U.S. consumers shunned borrowing in April as economy shut down By Martin Crutsinger, Associated Press U.S. consumer borrowing plunged in April as households fretted about the disruptions caused by the coronavirus pandemic and cut back on their use of credit. Continue reading
Jun 05 WATCH: Trump delivers remarks following tour of Puritan Medical Products in Maine By Patrick Whittle, Jill Colvin, Associated Press Hundreds of President Donald Trump's supporters and opponents are lining the streets of Guilford, a tiny city in rural Maine where the president is stopping Friday to visit a company that makes specialized swabs for coronavirus testing. Continue reading
Jun 05 WATCH: Trump moves to allow commercial fishing in conservation area By Patrick Whittle, Ellen Knickmeyer, Associated Press The Northeast Canyons and Seamounts off the New England coast was the first national marine monument in the Atlantic Ocean, and one of just five marine monuments altogether. Continue reading
Jun 05 U.S. will allow limited flights by Chinese airlines, not a ban By David Koenig, Associated Press The Trump administration is backing away from a threat to ban all flights to the U.S. by Chinese airlines. It will allow Chinese carriers to operate a total of two flights a week between the two countries. Continue reading
Jun 05 Twitter disables Trump campaign's George Floyd video tribute By Associated Press Twitter has blocked a Trump campaign video tribute to George Floyd over a copyright claim. The move adds to tensions between the social media platform and the U.S. president, who is one of its most widely followed users. Continue reading
Jun 05 WATCH: Biden delivers remarks on the U.S. economy By Associated Press Former Vice President and presumptive Democratic presidential nominee Joe Biden will deliver remarks June 5 on the U.S. economy at Delaware State University in Dover. Continue reading
Jun 05 WATCH: Trump hails jobs report, but unemployment rate still high By Zeke Miller, Darlene Superville, Associated Press President Donald Trump is expected to speak about the latest U.S. unemployment numbers at the White House June 5 ahead of a trip to Maine. Continue reading
Jun 05 Unemployment rate falls to 13.3 percent, U.S. adds 2.5 million jobs By Christopher Rugaber, Associated Press The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the viral pandemic. Continue reading
Jun 04 Watch 7:31 American skyscrapers face an uncertain future amid coronavirus By Paul Solman Fears of the coronavirus pandemic and the sharp shifts by companies to allow employees to work from home could devastate the nation’s office skyscrapers, some economists say. But real estate moguls say the office as we know it isn't dead… Continue watching
Jun 04 1.9 million seek jobless aid even as reopenings slow layoffs By Christopher Rugaber, Associated Press Nearly 1.9 million people applied for U.S. unemployment benefits last week, the ninth straight decline since applications spiked in mid-March, a sign that the gradual reopening of businesses has slowed the loss of jobs. Continue reading