Economic outlook

FILE - In this Tuesday, March 10, 2020, file photo, specialists James Denaro, left, and Mario Picone work on the floor of the New York Stock Exchange. Global stock markets and Wall Street futures rose Thursday, July 2, 2020, on hopes for the development of a coronavirus vaccine and ahead of the release of monthly U.S. jobs data. (AP Photo/Richard Drew, File)
July 02, 2020 - 1:51 pm
NEW YORK (AP) — Stocks closed broadly higher on Wall Street Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by the coronavirus pandemic. The S&P 500 rose 0.5%, its fourth-straight gain. The index ended the holiday-shortened week...
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July 01, 2020 - 8:47 am
MIAMI (AP) — With the coronavirus keeping Americans at home during the summer, countries south of the U.S. border are bracing for an economic reckoning from a decline in tourism. A new repor t Wednesday by the Inter-American Development Bank estimates that some of the most tourism-dependent...
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A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, June 30, 2020. Asian shares are rising, cheered by a rally on Wally Street that underlined some optimism about global business performance despite the ongoing coronavirus pandemic. (AP Photo/Vincent Yu)
June 29, 2020 - 8:27 pm
TOKYO (AP) — Asian shares rose Tuesday, cheered by a rally on Wally Street reflecting some optimism over stronger than expected economic data, despite widening coronavirus outbreaks. Japan's benchmark Nikkei 225 gained 1.8% in morning trading to 22,380.02. South Korea's Kospi gained 1.5% to 2,123...
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June 29, 2020 - 1:51 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the outlook for the U.S. economy is “extraordinarily uncertain” and the success of the recovery effort will depend in large part on the country’s ability to contain the spread of the coronavirus. “A full recovery is unlikely until people...
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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, Friday, June 26, 2020. Asian stock markets followed Wall Street higher on Friday after U.S. regulators removed some limits on banks' ability to make investments. (AP Photo/Ahn Young-joon)
June 26, 2020 - 1:51 pm
Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses. The combination injected new jitters into a market that's been mostly riding high since April on hopes...
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Shoppers, left, head to the entrance as a sign on the outside wall invites customers to shop inside a Best Buy store Wednesday, June 24, 2020 in Richfield, Minn. as restrictions due to the coronavirus have eased in Minnesota. (AP Photo/Jim Mone)
June 26, 2020 - 7:55 am
WASHINGTON (AP) — American consumers increased their spending by a record 8.2% in May, partly erasing huge plunges the previous two months, against the backdrop of an economy that’s likely shrinking by its steepest pace on record this quarter. Last month's rebound in consumer spending followed...
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A man walks by an electronic stock board of a securities firm in Tokyo, Thursday, June 25, 2020. Shares declined in Asia on Thursday after a sharp retreat overnight on Wall Street as new coronavirus cases in the U.S. climbed to their highest level in two months, dimming investors' hopes for a relatively quick economic turnaround. (AP Photo/Koji Sasahara)
June 25, 2020 - 1:04 pm
Financial companies led stocks broadly higher on Wall Street Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on banks’ ability to make investments. The S&P 500 rose 1.1% after a jumpy day of trading. News on the economy was mixed. The U.S...
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A man walks past a retail store that is going out of business due to the coronavirus pandemic in Winnetka, Ill., Tuesday, June 23, 2020. Illinois Gov. J.B Pritzker announced a package of state grant programs that will help support communities and businesses impacted by the COVID-19 pandemic and unrest in the area. (AP Photo/Nam Y. Huh)
AP News
June 25, 2020 - 12:49 pm
WASHINGTON (AP) — The number of laid-off workers seeking U.S. unemployment aid barely fell last week, and the reopening of small businesses has leveled off — evidence that the job market's gains may have stalled just as a surge in coronavirus cases is endangering an economic recovery. The...
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An empty parking lot is seen at a temporarily closed Kohl's department store, Wednesday, April 29, 2020, in Havertown, Pa. Devastated by the coronavirus, the U.S. economy is sinking. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the year. (AP Photo/Matt Slocum)
June 25, 2020 - 6:52 am
WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period, which will show what happened when the pandemic began spread across the U.S. The Commerce Department reported Thursday that the decline in the...
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FILE - In this Jan. 27, 2020 file photo a worker pushes a cart past refrigerators at a Home Depot store location in Boston. On Thursday, June 25, orders to American factories for big-ticket goods rebounded last month from a disastrous May as the U.S. economy began to slowly reopen. (AP Photo/Steven Senne)
June 25, 2020 - 6:34 am
WASHINGTON (AP) — Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after...
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