Economy

FILE - Managers inform small groups of workers about new safety devices and measures taken at the Fiat Chrysler Automobiles plants of Atessa, in Central Italy, in a Monday, April 27, 2020 file photo. General Motors is asking a federal judge to reconsider dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union and GM officials with millions stashed in secret foreign bank accounts. The allegations were made in a court motion filed Monday, Aug. 3, 2020 by GM. (Cecilia Fabiano/LaPresse via AP, File)
August 03, 2020 - 1:42 pm
DETROIT (AP) — General Motors is asking a federal judge to reconsider his dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union officials and GM employees with millions stashed in secret foreign bank accounts. GM alleges that bribes were paid to former United...
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File-This Thursday, June 6, 2019, photo shows the U.S. Treasury Department building at dusk, in Washington. The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year's second quarter. Treasury officials announced Monday, Aug. 3, 2020, that the government also plans to borrow $1.22 trillion in the October-December period. (AP Photo/Patrick Semansky, File)
August 03, 2020 - 12:49 pm
WASHINGTON (AP) — The Treasury Department is projecting government borrowing of $947 billion in the current July-September period, which would be a record for the quarter but down from the all-time high of $2.75 trillion in this year's second quarter. Treasury officials also announced Monday that...
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FILE - In this Tuesday, July 7, 2020 file photo, pedestrians wearing protective masks during the coronavirus pandemic pass by the New York Stock Exchange in New York. Wall Street is starting August with more gains, and U.S. stocks are climbing in early Monday, Aug. 3, 2020 trading following encouraging reports from around the world on the economy. (AP Photo/Frank Franklin II, File)
August 03, 2020 - 11:57 am
NEW YORK (AP) — Wall Street is starting August with more gains, and stocks are climbing Monday following encouraging reports from around the world on the economy. The S&P 500 tacked 0.9% more onto its four-month winning streak, with Big Tech once again leading the way. The rally helped the...
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Coronavirus 1
Kenny Kuhn
August 03, 2020 - 11:29 am
On Sunday, president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, told CBS’ Face the Nation that the U.S. government needs to get a better handle on stopping the spread of the coronavirus if the economy is to have any chance to recover.
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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)
August 03, 2020 - 7:42 am
WASHINGTON (AP) — U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory. 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...
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FILE - Cows on pasture at the University of Vermont dairy farm eat hay in a Thursday, July 23, 2020 file photo, in Burlington, Vt. The dairy industry has a familiar question for you: “Got milk?” Six years after the popular tagline was retired, “Got milk?” ads are back. The dairy industry is reviving the campaign hoping to prolong the U.S. sales boost milk has gotten during the pandemic. (AP Photo/Lisa Rathk, Filee)
August 03, 2020 - 6:08 am
The dairy industry has a familiar question for you: “Got milk?” Six years after the popular tagline was retired, “Got milk?” ads are back. A dairy industry-funded group is reviving the campaign, hoping to prolong the boost milk has gotten during the pandemic. U.S. milk sales have been in freefall...
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August 03, 2020 - 4:43 am
BERLIN (AP) — A German company that specializes in laser communication says it is pulling out of uncompleted deals in China after the German government barred it from delivering hardware to the country. Mynaric said on Friday that it had requested official clearance of a planned export of products...
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Democratic presidential candidate former Vice President Joe Biden speaks at a campaign event at the William "Hicks" Anderson Community Center in Wilmington, Del., Tuesday, July 28, 2020.(AP Photo/Andrew Harnik)
August 03, 2020 - 3:40 am
NEW YORK (AP) — Presidential politics move fast. What we’re watching heading into a new week on the 2020 campaign: Days to general election: 92 Days to first state offering early voting (North Carolina): 33 ___ THE NARRATIVE With early voting fast approaching, both presidential camps are feverishly...
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People wearing face masks walk by an electronic stock board of a securities firm in Tokyo, Monday, Aug. 3, 2020. Asian shares were mixed on Monday, as investors watched surging numbers of new coronavirus cases in the region, including in Japan. (AP Photo/Koji Sasahara)
August 02, 2020 - 11:22 pm
TOKYO (AP) — Asian shares were mixed on Monday as investors eyeballed surging coronavirus cases in the region. U.S. Secretary of State Mike Pompeo's weekend comments that President Donald Trump plans to take action on a what he sees as a broad array of national security risks presented by software...
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Health workers perform a rapid test on a patient at a parking lot that has been converted into an extension of the Gat Andres Bonifacio Memorial Medical Center in Manila, Philippines on Monday, Aug. 3, 2020. Philippine President Rodrigo Duterte is reimposing a moderate lockdown in the capital and outlying provinces after medical groups appealed for the move as coronavirus infections surge alarmingly. (AP Photo/Aaron Favila)
August 02, 2020 - 10:57 pm
MANILA, Philippines (AP) — The Philippine president has agreed to place the capital and outlying provinces back under a lockdown after medical groups warned that the country was waging “a losing battle” against the coronavirus amid an alarming surge in infections. Presidential spokesman Harry Roque...
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