Economic outlook

October 19, 2020 - 3:01 am
DUBAI, United Arab Emirates (AP) — The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two — Lebanon and Oman — are expected to see some level of economic growth next year, according to a report...
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Women eating snack walk by a Chanel cosmetic shop at the capital city's popular shopping mall in Beijing, Monday, Oct. 19, 2020. China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.(AP Photo/Andy Wong)
October 19, 2020 - 2:50 am
BEIJING (AP) — China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions. Growth in the world’s second-largest economy accelerated to 4.9% over a year...
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FILE - In this Friday, Oct. 2, 2020 file photo, pedestrians pass the New York Stock Exchange, in New York. Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14, as investors pore over another batch of earnings reports from big U.S. companies. The S&P 500 added 0.3% in early trading Wednesday. A loss in the index a day earlier broke a four-day winning streak. (AP Photo/John Minchillo, File)
October 14, 2020 - 1:48 pm
Stocks gave up early gains and closed lower Wednesday, adding to Wall Street's losses from a day earlier. The S&P 500 fell 0.7% after spending the morning swaying between small gains and losses. Companies that rely on consumer spending, banks and technology and communication stocks bore the...
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FILE - In this Monday, Sept. 21, 2020, file photo, the Wall Street sign is framed by a giant American flag hanging on the New York Stock Exchange. Stocks are edging lower on Wall Street in early trading, Tuesday, Oct. 13, 2020, as the market cools off following a four-day rally. (AP Photo/Mary Altaffer, File)
October 13, 2020 - 11:53 am
Stocks are moving broadly lower on Wall Street Tuesday, on pace to give up some of their recent gains as earnings reporting season gets underway for big companies. The S&P 500 was down 0.8% in afternoon trading, giving back about half the gains from a day earlier, when another surge by Big Tech...
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People walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Oct. 12, 2020. Asian shares are mostly higher in muted trading on Monday, as worries about the pandemic keep optimism in check, despite the rally that closed out last week on Wall Street. (AP Photo/Vincent Yu)
October 11, 2020 - 8:41 pm
TOKYO (AP) — Asian shares were mostly higher in muted trading Monday, as worries about the pandemic kept optimism in check despite a rally that closed out last week on Wall Street. Investors growing wary over upcoming earnings reports have been cashing in recent gains, helping pull Japanese shares...
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Federal Reserve Board Chairman Jerome Powell testifies during a Senate Banking Committee hearing, Thursday Sept. 24, 2020 on Capitol Hill in Washington about the CARES Act and the economic effects of the coronavirus pandemic. (Drew Angerer/Pool via AP)
October 07, 2020 - 11:32 am
WASHINGTON (AP) — Federal Reserve officials last month believed that while the U.S. economy was recovering faster than expected, it faced ongoing threats, including a failure by Congress to provide further rescue aid. The Fed on Wednesday released minutes of its most recent meeting, showing that...
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People pass by a poster thanking medical workers at a bus station in Madrid, Spain, Wednesday, Oct. 7, 2020. About 5.2 million people in Spain, including nearly 4.8 million residents in or around Madrid, are under restrictions on movement due to the second wave of the coronavirus pandemic. (AP Photo/Paul White)
October 07, 2020 - 4:52 am
LISBON, Portugal (AP) — Spain’s prime minister unveiled a major plan Wednesday to boost his country out of recession by spending 140 billion euros ($162 billion) of European Union aid to reshape the economy, with the aim of creating 800,000 jobs over the next three years. The program is a response...
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FILE - In this July 22, 2020, file photo, two women and a child wait to take a coronavirus test at a mobile testing site at the Charles Drew University of Medicine and Science in Los Angeles. California's plan to safely reopen its economy will begin to require counties to bring down coronavirus infection rates in disadvantaged communities that have been harder hit by the pandemic. (AP Photo/Marcio Jose Sanchez, File)
October 05, 2020 - 5:07 am
WASHINGTON (AP) — The U.S. economy faces risks from a potential resurgence of the coronavirus and from the failure so far of Congress to provide additional financial support for struggling individuals and businesses. That judgment emerges from a survey released Monday by the National Association...
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A new lighting system illuminates the ancient Acropolis hill in Athens, Wednesday, Sept. 30, 2020. Ancient temples on the Acropolis are illuminated after a new lighting system was installed and launched. The lower-energy LED lighting fixtures will light up more parts of the ancient site and is also intended to reduce light pollution with better-targeted lighting. (AP Photo/Yorgos Karahalis)
October 05, 2020 - 4:23 am
ATHENS, Greece (AP) — Greece’s economy will contract by an estimated 8.2% this year due to the effects of the coronavirus pandemic before picking up next year, the government said Monday as it submitted its 2021 draft budget to parliament. The 2021 budget was “drawn up in an environment of...
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FILE - In this July 18, 2020 file photo a closed sign hangs in the window of a barber shop in Burbank, Calif. A critical snapshot of the job market and the economy to be released Friday, Oct. 2, is expected to show a further deceleration in hiring as the nation’s viral caseload creeps higher just as financial aid from the government has faded. (AP Photo/Marcio Jose Sanchez, File)
Associated Press
October 02, 2020 - 5:36 am
WASHINGTON (AP) — America’s employers added 661,000 jobs in September, the third straight month of slower hiring and evidence from the final jobs report before the presidential election that the economic recovery has weakened. With September’s hiring gain, the economy has recovered only slightly...
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