NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline.
Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street.
Here’s what’s happening Thursday with the coronavirus pandemic in the U.S.:
ATLANTA (AP) — Here is the text of Georgia Gov. Brian Kemp's State of the State address as prepared Thursday:
WASHINGTON (AP) — The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs.
WASHINGTON (AP) — US jobless claims jump to 965,000 as layoffs remain high with economy in grip of virus.
Shares were mostly higher in Asia on Thursday after a lackluster day on Wall Street, where major indexes spent the day drifting up and down near their record highs.
COLUMBIA, S.C. (AP) — Here is the text of South Carolina Gov. Henry McMaster's State of the State address as prepared Wednesday:
MADISON, Wis. (AP) — Republicans balked Wednesday at Gov. Tony Evers' call for a special legislative session next week to pass his plan for upgrading the state's unemployment benefits system in the face of a massive backlog of pandemic-induced claims.
President-elect Joe Biden’s nominee to lead the Commerce Department said Wednesday if confirmed she will take much of what she has learned improving her home state of Rhode Island’s economy and apply it at the federal level.
BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on the U.S. Capitol.
WASHINGTON (AP) — Layoffs spiked in November compared with the previous month and the number of job openings slipped, signaling that the job market has stalled as the resurgent coronavirus has brought about another wave shutdowns of restaurants and bars and hobbled consumer spending.
ALBANY, N.Y. (AP) — Gov. Andrew Cuomo pledged in his annual address Monday to vaccinate millions of residents and jumpstart the state’s flagging economy even as more than 10,000 New Yorkers continue to test positive for COVID-19 each day.
TOKYO (AP) — Asian shares were mostly higher Monday as bullish sentiment persisted despite continuing signs of economic damage from the pandemic.
WASHINGTON (AP) — Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring.
ALBUQUERQUE, N.M. (AP) — New Mexico is moving ahead with COVID-19 vaccine distribution, expanding eligibility on Friday to people 75 and older as well as residents with underlying medical conditions that place them at greater risk.
Wall Street notched more milestones Friday as the market largely shrugged off another discouraging jobs report amid expectations that the incoming Biden administration will pump more aid into the pandemic-ravaged economy.
WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly decade.
WASHINGTON (AP) — U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses.
TOKYO (AP) — Asian shares were mostly higher Friday on hopes for additional economic stimulus after U.S. Congress confirmed Joe Biden as the winner of the presidential election.
FRANKFORT, Ky. (AP) — Gov. Andy Beshear proposed an infusion of aid into Kentucky's coronavirus-battered economy on Thursday evening, announcing an ambitious budget plan that includes down-payments on his long-running goals of raising salaries for teachers and boosting public education funding.
WASHINGTON (AP) — US jobless claims dip to still-high 787,000 as layoffs remain elevated with economy in grip of virus.
Shares rose in Asia on Thursday after Wall Street rallied on expectations of more stimulus for the economy, despite chaotic scenes in Washington as Trump supporters stormed the U.S. Capitol.