Economy

Pres. Trump promoting the reopening of America after coronavirus shutdowns
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SKY News
June 05, 2020 - 8:56 am
The U.S added 2.5 million jobs in May as the businesses began to reopen after coronavirus-related closures, dropping the unemployment rate to 13.3 percent, according to the Labor Department. The May jobs report shattered economists’ expectations of a loss of nearly 8 million jobs that was expected...
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A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Thursday, June 4, 2020. Asian stock markets are mixed after Wall Street rose on better U.S. jobs and manufacturing data than expected.(AP Photo/Lee Jin-man)
SKY News
June 03, 2020 - 11:53 pm
Most Asian stock markets were mixed Thursday after Wall Street gain on surveys showing better U.S. jobs and manufacturing conditions than expected. Benchmarks in Shanghai and Hong Kong declined while Tokyo, Sydney and Southeast Asia advanced. Stock markets have risen on optimism about a possible...
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Florida Governor Ron DeSantis announces Phase 2 reopening at Universal Orlando Wednesday June 3, 2020.
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SKY News
June 03, 2020 - 5:12 pm
Florida Gov. Ron DeSantis announced Wednesday that most of the state can enter Phase 2 of its coronavirus reopening, which further eases restrictions on gyms, bars and movie theaters, among other businesses. Gyms and retail stores can operate at full capacity, according to the state’s plan. Bars...
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Police stand guard as protesters rally at the Trump Tower, Monday, June 1, 2020, in Las Vegas, over the death of George Floyd. Floyd, a black man, died after being restrained by Minneapolis police officers on Memorial Day. (AP Photo/John Locher)
June 02, 2020 - 12:55 am
WASHINGTON (AP) — Wielding extraordinary federal authority, President Donald Trump threatened the nation’s governors on Monday that he would deploy the military to states if they did not stamp out violent protests over police brutality that have roiled the nation over the past week. His...
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FILE - In this May 3, 2020, file photo, light shines from inside the U.S. Capitol dome at dusk on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
June 01, 2020 - 9:09 pm
WASHINGTON (AP) — Congress convened Monday with protests outside its door and across the nation, the Capitol already struck by the COVID-19 outbreak now confronting a deepening crisis over the treatment of black people in the United States. The civil unrest over the death of George Floyd at the...
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A woman walks into a closing Gordmans store, Thursday, May 28, 2020, in St. Charles, Mo. Stage Stores, which owns Gordmans, is closing all its stores and has filed for Chapter 11 bankruptcy. (AP Photo/Jeff Roberson)
SKY News
May 29, 2020 - 10:03 am
WASHINGTON (AP) — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession. Last month's spending decline was far worse than the revised 6.9% drop in March, which itself had...
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A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)
SKY News
May 27, 2020 - 3:44 pm
Stock indexes are broadly higher in afternoon trading on Wall Street Wednesday, as hopes for a coming economic revival turn the market's leaderboard upside down. Banks and retailers were posting strong gains on hopes that life can inch back toward normal as governments relax stay-at-home orders,...
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In this May 20, 2020, file photo, House Speaker Nancy Pelosi of Calif., speaks during a news conference on Capitol Hill in Washington. Congress is at a crossroads in the Covid-19 crisis. Lawmakers are wrestling over whether to “go big” as Pelosi wants for the next relief bill or hit “pause” as Senate Majority Leader Mitch McConnell insists. (AP Photo/Manuel Balce Ceneta)
SKY News
May 26, 2020 - 6:30 pm
WASHINGTON (AP) — Deadlocked over the next big coronavirus relief bill, Congress is shifting its attention to a more modest overhaul of small business aid in hopes of helping employers reopen shops and survive the pandemic. Bipartisan legislation that would give small employers more time to take...
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A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, May 26, 2020. Asian shares are rising as some regions in Japan resume near-normal business activity, with hopes for economic recovery overshadowing worries over the coronavirus pandemic. (AP Photo/Vincent Yu)
May 26, 2020 - 10:25 am
Stocks surged on Wall Street in early trading Tuesday, driving the S&P 500 to its highest level in nearly three months, as hopes for economic recovery overshadow worries about the coronavirus pandemic. The S&P 500 was up 1.8% to 3,007 points. It's the first time the benchmark index has been...
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In this Wednesday, May 20, 2020, photo, Chinese police stand guard in front of Tiananmen Gate in Beijing. This year's version of China's biggest political meeting of the year will be unlike any other. Delayed from March because of the then-spiraling coronavirus outbreak, the decision to go ahead with the gathering signals a partial return to normalcy in the country where the pandemic first broke out. "Partial" being the operative word: The congress will be far from normal. (AP Photo/Mark Schiefelbein)
May 21, 2020 - 6:29 am
WASHINGTON (AP) — Beyond its hard-hitting rhetoric against China over its handling of the coronavirus, the White House has issued a broad-scale attack on Beijing's predatory economic policies, military buildup, disinformation campaigns and human rights violations. The 20-page report does not signal...
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