Economy

A new AP-NORC poll finds a small decline in the positive views of how federal and state governments are handling the coronavirus outbreak, as opposition to measures such as stay-at-home orders has increased. Approval of leaders in Congress also has recently declined.;
May 21, 2020 - 2:20 pm
WASHINGTON (AP) — Views of how government at all levels is handling the coronavirus outbreak in the U.S. have deteriorated somewhat over the past month, as a growing minority of Americans prefer that states lift restrictions on social and economic life. Still, Americans remain more likely to...
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FILE- In this Jan. 4, 2019, file photo a sign hangs outside a house for sale in Pittsburgh's Lawrenceville neighborhood. On Thursday, May 21, 2020, Long-term U.S. mortgage rates eased this week in a housing market battered by the shutdown spurred by the coronavirus pandemic. Rates hovered near all-time lows as the benchmark 30-year home loan stayed below 3.30% for the fourth straight week.(AP Photo/Keith Srakocic, File)
May 21, 2020 - 1:06 pm
WASHINGTON (AP) — Long-term U.S. mortgage rates eased this week in a housing market battered by the shutdown spurred by the coronavirus pandemic. Rates hovered near all-time lows as the benchmark 30-year home loan stayed below 3.30% for the fourth straight week. Mortgage buyer Freddie Mac reported...
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This April 16, 2020 photo shows a real estate company sign that marks a home for sale in Harmony, Pa. U.S. new home sales plunged 15.4% in March as the lockdowns that began in the middle of the month began to rattle the housing market. The Commerce Department reported Thursday, April 23, that sales of new single-family homes dropped to a seasonally ajdjusted annual rate of 627,000 last month after sales had fallen 4.6% in February. (AP Photo/Keith Srakocic)
May 21, 2020 - 10:46 am
WASHINGTON (AP) — Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic. The National Association of Realtors said Thursday that last month's decline pushed sales down to a seasonally adjusted annual rate of 4.33 million units, the...
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A woman looks at signs at a store closed due to COVID-19 in Niles, Ill., Wednesday, May 13, 2020. (AP Photo/Nam Y. Huh)
Associated Press
May 21, 2020 - 8:39 am
WASHINGTON (AP) — More than 2.4 million people applied for U.S. unemployment benefits last week in the latest wave of layoffs from the viral outbreak that triggered widespread business shutdowns two months ago and sent the economy into a deep recession. Roughly 38.6 million people have now filed...
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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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President Donald Trump speaks during a meeting with Arkansas Gov. Asa Hutchinson, and Kansas Gov. Laura Kelly, in the Cabinet Room of the White House, Wednesday, May 20, 2020, in Washington. (AP Photo/Evan Vucci)
May 21, 2020 - 12:55 am
WASHINGTON (AP) — President Donald Trump is running against himself. With his cries to “Reopen our country!” and his rebukes of the federal bureaucracy and health regulations amid the coronavirus pandemic, Trump has tried to tap into the same populist, anti-Washington anger he rode to victory in...
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FILE - In this April 24, 2020, file photo, a man wearing a face mask to help stop the spread of the new coronavirus stands in a middle of a walking street in the Shinjuku ward in Tokyo. Recession-hit Japan's exports plunged nearly 22% in April, the country's worst drop in more than a decade as the coronavirus pandemic slammed global demand, the Finance Ministry said Thursday, May 21, 2020. (AP Photo/Eugene Hoshiko, File)
May 20, 2020 - 11:09 pm
TOKYO (AP) — Recession-hit Japan's exports plunged nearly 22% in April while imports fell 7%, the country's worst drop in more than a decade as the coronavirus pandemic slammed global demand. The drop in exports was the worst since the 2008 financial crisis, as export-dependent Japan struggles to...
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A foreign reporter who was selected to cover the opening ceremony of the Chinese People's Political Consultative Conference (CPPCC) walks by medical workers after receiving a coronavirus test, at a hotel in Beijing, Thursday, May 21, 2020. 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/Andy Wong)
May 20, 2020 - 11:08 pm
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — Japan approves lifting state of emergency in three...
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Kansas Gov. Laura Kelly listens as President Donald Trump speaks during a meeting in the Cabinet Room of the White House, Wednesday, May 20, 2020, in Washington. (AP Photo/Evan Vucci)
May 20, 2020 - 7:03 pm
WASHINGTON (AP) — President Donald Trump said Wednesday that he's considering holding a meeting in the U.S. with the leaders of the world's major economies after all because it would be a “great sign to all” of things returning to normal during the coronavirus pandemic. The announcement was the...
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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, May 20, 2020. Asian shares were mixed Wednesday as market players waffled between hopes for recovery as economies gradually reopen and worries over the havoc wreaked by the pandemic. (AP Photo/Ahn Young-joon)
May 20, 2020 - 4:50 pm
Stocks closed broadly higher on Wall Street Wednesday, clawing back all of its losses from a day earlier and extending its strong gains for the week. The S&P 500 rose 1.7% as the market bounced back from a sudden drop on Tuesday that snapped the index's three-day winning streak. Crude oil...
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