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Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic.
Cannabis stocks are flying high after voters in New Jersey, Arizona and three other states cleared the way for expanding legal sales of marijuana.
The Dow Jones Industrial Average closed above 30,000 points for the first time Tuesday as progress in the development of coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin kept investors in a buying mood.
The National Retail Federation, the nation's largest retail trade group, expects that holiday sales could actually exceed growth seen in prior seasons, despite all the uncertainty surrounding the pandemic.
LONDON — The U.K. signed an interim trade deal with Canada on Saturday, giving it more time to negotiate future trading rules as the British government prepares the country for business life outside the European Union.
BOISE — Idaho has not included claims from jobless residents on federal unemployment programs in its weekly unemployment reports, according to reporting from Boise State Public Radio.
U.S. stocks were pulling a bit lower midday trading Friday as worries about the worsening pandemic weigh on rising optimism about a coming coronavirus vaccine.
BRUSSELS — The European Union on Friday issued one of its most upbeat assessments of the state of post-Brexit trade negotiations, as the talks face an ever tighter deadline for a deal to enter into force for the start of the new year.
U.S. long-term mortgage rates fell this week, reaching record lows for the 13th time this year amid fresh signs of weakness in the pandemic-ravaged economy.
U.S. stocks were drifting in mixed trading on Thursday, as Wall Street’s tug of war continues between worries about the worsening pandemic in the present and optimism that a vaccine will rescue the economy in the future.
Sales of existing homes rose for a fifth straight month in October, reaching a level not seen since before the housing bubble popped 14 years ago.
The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.
U.S. stock indexes were drifting close to their record highs Wednesday, as hopes for a coronavirus vaccine coming in the future push some investors to look past the worsening pandemic in the present.
As the region slowly rebounds from the economic impact of the coronavirus pandemic that caused businesses to temporarily close and companies cut jobs, local economists on Tuesday said a COVID-19 vaccine or second federal stimulus package will be the key to a full economic recovery.
Retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores.
U.S. stocks were taking a pause on Tuesday from their big rally this month that vaulted them back to record heights.
U.S. industrial production rose 1.1% in October, recovering much of the spring decline caused by the virus pandemic.
America's casinos are recovering from months of closures necessitated by the coronavirus outbreak, having regained 81% of the gambling revenue they saw in the third quarter of last year, the casinos' trade association said Monday.