Economy

A woman walks past an electronic stock board showing Japan's Nikkei 225 index and New York Dow index at a securities firm in Tokyo Friday, June 12, 2020. Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S. (AP Photo/Eugene Hoshiko)
June 11, 2020 - 11:18 pm
Asian shares were moderately lower Friday after an overnight rout on Wall Street as investors were spooked by reports of rising coronavirus cases in the U.S. Fear that a so-called “second wave,” is already coming has punctured bubbling optimism that a quick economic recovery was already underway...
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NYSE traders
Getty Images
SKY News
June 11, 2020 - 5:43 pm
Stocks fell sharply Thursday on Wall Street as coronavirus cases in the U.S. increased again, deflating recent optimism that the economy could recover quickly from its worst crisis in decades and raising doubts about whether the market's scorching comeback can last. The Dow Jones Industrial Average...
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In this photo taken Thursday, June 4, 2020, a pedestrian wearing a mask walks past reader board advertising a job opening for a remodeling company, in Seattle. The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy and depressed the job market in the wake of the viral pandemic. (AP Photo/Elaine Thompson)
SKY News
June 11, 2020 - 8:40 am
WASHINGTON (AP) — About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering with more businesses partially reopening. The latest figure from the Labor Department...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 10, 2020. Shares were trading slightly higher in Asia on Wednesday after a weekslong rally on Wall Street hit the brakes. (AP Photo/Ahn Young-joon)
June 10, 2020 - 3:06 pm
U.S. stock indexes were mostly lower Wednesday afternoon in choppy trading after the Federal Reserve said it expects to keep interest rates low through 2022 and keep up its bond purchases. The S&P 500 was down 0.5% after initially rising to 0.4% following the release of the central bank's...
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In this May 6, 2020 photo, a man begs at a roadside during a lockdown to help to contain a spread of coronavirus in Peshawar, Pakistan. For millions of people who live in poor and troubled regions of the world, the novel coronavirus is only the latest epidemic. They already face a plethora of fatal and crippling infectious diseases: polio, Ebola, cholera, dengue, tuberculosis and malaria, to name a few. The diseases are made worse by chronic poverty that leads to malnutrition and violence that disrupts vaccination campaigns. ( AP Photo/Muhammad Sajjad)
June 10, 2020 - 6:31 am
PARIS (AP) — The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday. Hundreds of millions of people have lost their jobs, and the crisis is hitting...
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Labor Secretary Eugene Scalia testifies during a Senate Finance Committee hearing on "COVID-19/Unemployment Insurance" on Capitol Hill in Washington on Tuesday, June 9, 2020. (Caroline Brehman/CQ Roll Call/Pool via AP)
SKY News
June 09, 2020 - 6:29 pm
WASHINGTON (AP) — The Trump administration opposes a Democratic proposal to extend a $600 per week federal unemployment benefit approved in response to the coronavirus pandemic, Labor Secretary Eugene Scalia said Tuesday. The $600 payment, which is in addition to normal unemployment benefits, "was...
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FILE - In this June 1, 2020, file photo, President Donald Trump speaks in the Rose Garden of the White House in Washington. Less than five months before voters will decide his fate, Trump is confronting a vastly different political reality than he once envisioned. The president, West Wing advisers and campaign aides have grown increasingly concerned about his reelection chances as they’ve watched Trump's standing take a pummeling first on his handling of the coronavirus pandemic and now during a nationwide wave of protests against racial injustice. (AP Photo/Patrick Semansky, File)
June 08, 2020 - 7:04 am
WASHINGTON (AP) — Less than five months before voters will decide his fate, President Donald Trump is confronting a vastly different political reality than he once envisioned. For starters, if the election were held today, he’d likely lose. The president, West Wing advisers and campaign aides have...
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FILE - In this June 4, 2020, file photo Senate Majority Leader Mitch McConnell of Ky., arrives for a Republican luncheon on Capitol Hill in Washington. (AP Photo/Susan Walsh, File)
SKY News
June 06, 2020 - 11:44 am
WASHINGTON (AP) — A stronger than expected jobs report could further scramble an already uncertain picture for passing a fifth and possibly final coronavirus aid bill. The positive statistics are feeding the wait-and-see approach of the White House and its GOP allies in Congress. Republicans say...
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President Donald Trump speaks as he signs the Paycheck Protection Program Flexibility Act during a news conference in the Rose Garden of the White House, Friday, June 5, 2020, in Washington. (AP Photo/Evan Vucci)
SKY News
June 05, 2020 - 9:47 pm
WASHINGTON (AP) — President Donald Trump effectively claimed victory over the economic crisis and COVID-19 on Friday as well as major progress against racial inequality, heartily embracing a better-than-expected jobs report in hopes of convincing a discouraged nation he deserves another four years...
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A woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, June 5, 2020. Asian markets are mostly lower after Wall Street rally takes a breather, as investors parse unemployment data. (AP Photo/Eugene Hoshiko)
SKY News
June 05, 2020 - 4:24 pm
For weeks, critics said Wall Street’s big rally made no sense when the economy seemed set for only more despair. On Friday, it got a bit of validation. The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the worst...
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