Economy

FILE - In this July 9, 2020, file photo, a large video display reads "Now hiring for our new hotel coming soon!," at the new Emerald Queen Casino, which is open, and owned by the Puyallup Tribe of Indians, in Tacoma, Wash. The United States added 1.8 million jobs in July, a pullback from the gains of May and June and evidence that the resurgent coronavirus has weakened hiring and the economic rebound. (AP Photo/Ted S. Warren, File)
SKY News
August 07, 2020 - 4:35 pm
WASHINGTON (AP) — U.S. hiring slowed in July as the coronavirus outbreak worsened, and the government’s jobs report offered signs Friday that the economic damage from the pandemic could last far longer than many observers originally envisioned. The United States added 1.8 million jobs in July, a...
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People remove debris from a house damaged by Tuesday's explosion in the seaport of Beirut, Lebanon, Friday, Aug. 7, 2020. Rescue teams were still searching the rubble of Beirut's port for bodies on Friday, nearly three days after the massive explosion sent a wave of destruction through Lebanon's capital. (AP Photo/Felipe Dana)
SKY News
August 07, 2020 - 4:35 pm
BEIRUT (AP) — At least 10 times over the past six years, authorities from Lebanon’s customs, military, security agencies and judiciary raised alarm that a massive stockpile of explosive chemicals was being kept with almost no safeguard at the port in the heart of Beirut, newly surfaced documents...
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President Donald Trump pumps his fist as he finishes speaking during an event at the Whirlpool Corporation facility in Clyde, Ohio, Thursday, Aug. 6, 2020. (AP Photo/Susan Walsh)
SKY News
August 07, 2020 - 5:38 am
NEW YORK (AP) — President Donald Trump has ordered a sweeping but vague ban on dealings with the Chinese owners of social media apps TikTok and WeChat on security grounds, a move China's government criticized as “political manipulation." The twin executive orders issued Thursday — one for each app...
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President Donald Trump speaks during an event at the Whirlpool Corporation facility in Clyde, Ohio, Thursday, Aug. 6, 2020. Trump is in Ohio to promote the economic prosperity that much of the nation enjoyed before the coronavirus pandemic and try to make the case that he is best suited to rebuild a crippled economy. (AP Photo/Susan Walsh)
SKY News
August 06, 2020 - 9:58 pm
CLEVELAND (AP) — President Donald Trump billed his trip to Ohio Thursday as a chance to promote economic recovery, but he quickly pivoted to a deeply personal attack on Joe Biden, even questioning without foundation the former vice president's faith in God. Even for a president known for his blunt...
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French President Emmanuel Macron, center, visits the devastated site of the explosion at the port of Beirut, Lebanon, Thursday Aug.6, 2020. French President Emmanuel Macron has arrived in Beirut to offer French support to Lebanon after the deadly port blast. (AP Photo/Thibault Camus, Pool)
SKY News
August 06, 2020 - 7:47 pm
BEIRUT (AP) — Residents of Beirut vented their fury at Lebanon’s leaders Thursday during a visit by French President Emmanuel Macron, blaming them for the deadly explosion that ravaged the capital. Shouting “Revolution!” they crowded around the visiting leader who promised to press the politicians...
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FILE - In this Feb. 5, 2019, file photo, Alaska Airlines planes are parked at a gate area at Seattle-Tacoma International Airport in Seattle. Alaska Airlines said over 300 employees among the company's workforce in Anchorage may lose their jobs on Oct. 1, 2020. The company said the Anchorage layoffs are part of company-wide job cuts because of the economic fallout from the coronavirus pandemic, Alaska Public Media reported Tuesday, Aug. 4. (AP Photo/Ted S. Warren, File)
SKY News
August 06, 2020 - 8:43 am
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 Thursday marked the 20th...
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People wearing face masks stand by a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange on Tuesday, Aug. 4, 2020. Shares advanced across Asia on Tuesday after Wall Street closed broadly higher on encouraging economic reports, starting off August by closing within 3% of the record high it set in February. (AP Photo/Vincent Yu)
SKY News
August 04, 2020 - 12:07 am
Shares advanced across Asia on Tuesday after Wall Street closed broadly higher on encouraging economic reports, starting off August by closing within 3% of the record high it set in February. Investors appear to be shrugging off surging coronavirus caseloads in dozens of countries. Tokyo's Nikkei...
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FILE - In this Wednesday, May 13, 2020 file photo, Ford Motor Co. employees work a ventilator at the Rawsonville plant in Ypsilanti Township, Mich. The plant was converted into a ventilator factory, as hospitals battling the coronavirus report shortages of the life-saving devices. According to the Institute for Supply Management, U.S. manufacturing rebounded in June 2020 as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic. (AP Photo/Carlos Osorio)
SKY News
August 03, 2020 - 10:12 am
WASHINGTON (AP) — U.S. manufacturing improved again in July with a key gauge of activity rising for a second straight month. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6...
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FILE - In this June 17, 2020 file photo, a sign advertises a sale at an H&M store along Lincoln Road Mall in Miami Beach, Fla. U.S. consumer confidence had a sharp drop in July to a reading of 92.6 as coronavirus cases in many parts of the country began rising again. (AP Photo/Lynne Sladky, File
SKY News
July 31, 2020 - 9:45 am
WASHINGTON (AP) — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck hard in March and paralyzed the economy. But the virus' resurgence in much of the country could impede further gains. Last month’s...
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Mannequins and empty clothes rails are seen in a permanently closed store on July 27, 2020.
Getty Images
SKY News
July 30, 2020 - 8:58 am
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday. The Commerce...
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