Economy Oct 15 IMF warns global economy could be permanently scarred The global economy's recovery from the pandemic recession is tentative and uneven and "marked by significant uncertainty" as confirmed coronavirus cases spread in many countries, global finance ministers warned Thursday. By Martin Crutsinger, Associated Press
Economy Oct 13 IMF envisions a sharp 4.4 percent drop in global growth for 2020 The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century. By Martin Crutsinger, Associated Press
World Jul 16 China becomes first economy to grow since virus pandemic China recorded an unexpectedly strong 3.2% expansion in the latest quarter. By Joe McDonald, Associated Press
Nation Jul 01 Background checks, a metric for gun sales, hits an all-time high Historic numbers of background checks to purchase or possess a firearm have been conducted in June. It's just the latest month with record-breaking numbers since the system was created in 1998. By Lisa Marie Pane, Associated Press
Jun 30 As virus roars back, so do signs of a new round of layoffs By Paul Wiseman, Travis Loller, Kelli Kennedy, Associated Press A resurgence of confirmed COVID cases across the South and West is endangering hopes for an economic rebound in the region and perhaps nationally. Continue reading
Jun 12 Lebanese fear currency will further tumble despite promises By Sarah El Deeb, Associated Press Lebanon's government says the country's central bank will inject fresh dollars into the market to prop up the national currency following a night of protests spurred by the dramatic plunging of the Lebanese pound. Continue reading
Jun 11 Dow sinks 1,800 as virus cases rise, deflating optimism By Alex Veiga, Damian J. Troise, Associated Press The Dow Jones industrials lost more than 1,800 points, nearly 7%, as increases in coronavirus cases deflated optimism that the economy could recover quickly from its worst crisis in decades. Continue reading
Jun 11 WATCH: Biden holds roundtable with Philadelphia community on reopening the economy By Alexandra Jaffe, Will Weissert, Associated Press The presumptive Democratic presidential nominee is promising to dramatically expand testing for the virus, guarantee federal paid leave for all who get sick and create a national task force to better track the spread of the disease. Continue reading
Jun 10 Federal Reserve to keep providing aid and sees no rate hike through 2022 By Christopher Rugaber, Associated Press The Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed's policymakers foresee no rate hike through 2022. Continue reading