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Business

S&P 500 ekes out 6th straight gain following new jobs report

NEW YORK (AP) — Wall Street’s big rally let off the accelerator on Friday, despite a better-than-expected report on the U.S. job market, amid worries about worsening U.S.-China tensions and whether Washington can deliver more aid for the economy. The S&P 500 inched up 2.12 points, or ...

GOP senators support more money for airlines to pay workers

A group of 16 Republican senators has endorsed giving more money to airlines to avoid layoffs right before the November election, giving a boost to a lobbying effort by airlines and their unions. The GOP senators did not specify an amount on Wednesday, but a proposal by several airline unions ...

Stocks rally worldwide, S&P 500 back to within 3% of record

NEW YORK (AP) — Stocks started August with more gains, and a worldwide rally on Monday sent Wall Street back to where it was just a couple days after it set its record earlier this year. The S&P 500 tacked 0.7% more onto its four-month winning streak, and Big Tech once again led the ...

GM alleges Fiat Chrysler spent millions to bribe UAW leaders

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 ...

Last call: Colorado prohibits serving booze after 10 p.m.

DENVER (AP) — Colorado Gov. Jared Polis on Tuesday ordered bars and restaurants across the state to stop serving alcohol past 10 p.m. as the number of coronavirus cases among young adults keeps rising. “Anybody who has been drunk just knows this inherently; your best goals around social ...

Brewery says it never authorized Trump event, closes for day

FREEPORT, Maine (AP) — Owners of a Maine brewery said Tuesday they’re going to shut down for a day after feeling misled about an event supporting President Donald Trump. Stars and Stripes Brewing Company in Freeport was listed in an advisory as a planned Wednesday stop for the Women for ...

Trump reins in major environmental law to speed big projects

ATLANTA (AP) — President Donald Trump announced Wednesday that he is rolling back a foundational Nixon-era environmental law that he says stifles infrastructure projects, but that is credited with keeping big construction projects from fouling up the environment and ensuring there is public ...

American Airlines: 25,000 workers could lose jobs

DALLAS (AP) — American Airlines is notifying about 25,000 workers that their jobs could be eliminated in October because of plunging demand for air travel, adding to the toll that the virus pandemic is taking on the airline industry. American’s top executives said Wednesday that the number ...

Hogan announces $501M unemployment insurance fraud case

ANNAPOLIS, Md. (AP) — Maryland uncovered a massive criminal enterprise involving identity theft and more than 47,500 fraudulent unemployment insurance claims in the state adding up to more than $501 million, Gov. Larry Hogan said Wednesday, saying the case relates to activity in at least a ...

Florida virus deaths surge, vaccine research moves forward

FORT LAUDERDALE, Florida (AP) — Florida surpassed its daily record for coronavirus deaths Tuesday amid rising global worries of a resurgence, even as researchers announced that the first vaccine tested in the U.S. had worked to boost patients’ immune systems. Florida’s 132 additional ...

Stocks slam into reverse as virus keeps scarring economy

NEW YORK (AP) — Wall Street got a painful reminder that the coronavirus pandemic isn’t going away, and a big early gain for stocks suddenly flipped to losses after California showed how it’s still scarring the economy. The S&P 500 fell 0.9%, with all the losses accumulating in the ...

Virus cases spike among young adults in Iowa college towns

DES MOINES, Iowa (AP) — Within weeks of Gov. Kim Reynolds agreeing to allow bars and restaurants to open to customers, Iowa’s two major college towns are seeing spikes in coronavirus cases among young adults, raising concerns among local health officials and prompting some businesses to ...

More gains for tech as US stocks head for a 3rd monthly gain

(AP) — Stocks closed higher on Wall Street Tuesday, extending the market’s recent winning streak after another strong showing by technology companies. The S&P 500 rose 0.4% and is on pace for its third straight monthly gain. The Nasdaq composite, which is heavily weighted with ...

California’s April jobless rate higher than Great Recession

SACRAMENTO, Calif. (AP) — California’s unemployment rate nearly tripled to 15.5% in April as the nation’s most populous state lost more jobs in one month from the coronavirus than it did during the Great Recession a decade ago, state data released Friday showed. Just two months ago, ...

Job market remains grim even as U.S. tentatively reopens

WASHINGTON (AP) — Signs of renewed business activity are surfacing across the country as states gradually reopen economies and some businesses call a portion of their laid-off staffers back to work. Yet with millions more Americans seeking unemployment aid last week, the U.S. job market ...

Officials release edited coronavirus reopening guidance

NEW YORK (AP) — U.S. health officials on Thursday released some of their long-delayed guidance that schools, businesses and other organizations can use as states reopen from coronavirus shutdowns. The Centers for Disease Control and Prevention posted six one-page “decision tool” ...

Trump administration ease rules limiting truck driver hours

The Trump administration eased rules Thursday that limit working hours for truck drivers, and the changes brought immediate protests from labor and safety groups. The Federal Motor Carrier Safety Administration extended the maximum working day for short-haul drivers from 12 hours to 14 hours ...

Craft brewers upended by COVID-19 closure of tap rooms, bars

MARSHFIELD, Vt. (AP) — Sales of wine, spirits and other alcoholic beverages have risen during the coronavirus pandemic like foam in a freshly poured glass of beer. Just not for some craft brewers. Craft beer, particularly brews made by small, artisan producers, is often consumed in ...

Rangers, IRS volunteers lead in returns of federal workers

WASHINGTON (AP) — Returning Internal Revenue Service workers in Kansas City are being directed to a room well-stocked with face masks, while some other IRS offices were still telling staffers to buy or make their own as the Trump administration starts rolling out a location-based plan for ...

Auto plants to reopen as country weighs virus risks

MEXICO CITY (AP) — On a day Mexico saw its worst daily increase yet in coronavirus cases, foreign-owned auto plants began setting dates for reopening. Volkswagen de Mexico said late Thursday it is planning to reopen its assembly plant in Puebla state and its engine factory in Guanajuato ...