Economy

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)
June 04, 2020 - 9:06 am
Stocks are mixed in early trading on Wall Street Thursday as the market takes a pause following its longest winning streak in nearly four months. The S&P 500 was down 0.1%, putting its four-day winning streak under threat. A report showed that the number of U.S. workers filing for unemployment...
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In this Wednesday, June 3, 2020 photo, signs about social distancing and other protocols are seen about the theme park as guests walk by at Universal Orlando Resort Wednesday, June 3, 2020, in Orlando, Fla. The theme park reopened for season pass holders and will open to the general public on Friday, June 5. (AP Photo/John Raoux)
June 04, 2020 - 9:06 am
ORLANDO, Fla. (AP) — With masks on their faces and temperature checks at entrances, Harry Potter fans and roller coaster lovers streamed back into Universal Orlando Resort this week in one of the first major steps toward reviving Florida’s theme park industry, which was left temporarily moribund by...
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In this Wednesday, June 3, 2020 photo, Juan Santos stocks shelves at the Presidente Supermarket in the Little Havana neighborhood of Miami. The U.S. government is set to issue its latest report on the layoffs that have left millions unemployed but have steadily slowed as many businesses have begun to reopen and to rehire some laid-off workers. (AP Photo/Wilfredo Lee)
June 04, 2020 - 9:05 am
WASHINGTON (AP) — Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs. The total number of people who are receiving jobless aid rose slightly to 21...
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German Economy Minister, Peter Altmaier, addresses the media during a press conference in Berlin, Germany, Thursday, June 4, 2020. Germany's governing parties have agreed on a 130 billion euro ($146 billion) stimulus package meant to help kick-start Europe's biggest economy, which has taken a heavy hit from the coronavirus pandemic.(AP Photo/Michael Sohn, pool)
June 04, 2020 - 8:15 am
BERLIN (AP) — Germany and France on Thursday launched a project to set up a European cloud computing platform that they hope will enhance European economic sovereignty in the wake of the coronavirus crisis and break the continent's dependence on U.S. and Chinese companies. The platform, entitled...
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Gantry cranes stand idle at APM Terminals in Elizabeth, N.J., Monday, May 11, 2020. The coronavirus pandemic and the lockdowns and travel restrictions meant to contain it have hammered the world economy. (AP Photo/Mark Lennihan)
June 04, 2020 - 7:55 am
WASHINGTON (AP) — The U.S. trade deficit hit the highest level in eight months in April as American commerce with other countries was smothered by the coronavirus pandemic. The gap between what the U.S. sells and what it buys abroad jumped to $49.4 billion in April, up 16,7% from $42.3 billion in...
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The buildings of the banking district are seen in Frankfurt, Germany, at dawn on early Sunday, May 31, 2020. (AP Photo/Michael Probst)
June 04, 2020 - 7:45 am
FRANKFURT, Germany (AP) — The economy of the 19-country eurozone is forecast to shrink by 8.7% this year as it suffers from the shutdown of business during the pandemic lockdown, the European Central Bank said Thursday. The bank's president, Christine Lagarde, offered the estimate at a news...
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FILE - In this April 27, 2020, file photo, President Donald Trump listens during briefing about the coronavirus in the Rose Garden of the White House in Washington. For weeks, Trump has been eager to publicly turn the page on the coronavirus pandemic. But now the White House fears that the very thing that finally shoved the virus off centerstage — mass protests over the death of George Floyd — may bring about its resurgence. (AP Photo/Alex Brandon, File)
June 04, 2020 - 5:31 am
WASHINGTON (AP) — For weeks, President Donald Trump has been eager to publicly turn the page on the coronavirus pandemic. Now fears are growing within the White House that the very thing that finally shoved the virus from center stage — mass protests over the death of George Floyd — may bring about...
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In this June 2, 2020, photo, Democratic presidential candidate, former Vice President Joe Biden speaks in Philadelphia. Biden is pledging to unveil a series of proposals in coming weeks aimed at reversing the economic devastation wrought by the pandemic and addressing inequalities sparking protests sweeping the country. (AP Photo/Matt Rourke)
June 04, 2020 - 4:48 am
WASHINGTON (AP) — Joe Biden is pledging to unveil a series of proposals in coming weeks aimed at reversing the economic devastation wrought by the coronavirus pandemic and addressing inequalities that have contributed to protests sweeping the country. The presumptive Democratic presidential nominee...
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A cargo ship approaches the port of Piraeus as other ships are anchored, near Athens, Greece, Tuesday, May 26, 2020. During the new coronavirus pandemic, about 150,000 seafarers are stranded at sea in need of crew changes, according to the International Chamber of Shipping. Roughly another 150,000 are stuck on shore, waiting to get back to work. (AP Photo/Petros Giannakouris)
June 04, 2020 - 2:55 am
ATHENS, Greece (AP) — For nearly four months, Capt. Andrei Kogankov and his oil tanker crew haven’t set foot on dry land. With global travel at a virtual standstill due to the coronavirus pandemic, the Russian captain was forced to extend his normal contract. He still doesn’t know when he’ll be...
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FILE - In this March 18, 2020 file photo, a Southern China Airlines flight from Guangzhou, China passes in front of the sun as it arrives at Vancouver International Airport in Richmond, British Columbia, Canada. On Wednesday, June 3, 2020, the Trump administration moved to block Chinese airlines from flying to the U.S. in an escalation of trade and travel tensions between the two countries. (Jonathan Hayward/The Canadian Press via AP)
June 03, 2020 - 10:51 pm
The Trump administration moved Wednesday to block Chinese airlines from flying to the U.S. in an escalation of trade and diplomatic tensions between the two countries. The Transportation Department said it would suspend passenger flights of four Chinese airlines to and from the United States...
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