Economy

FILE - In this July 9, 2020, file photo Democratic presidential candidate, former Vice President Joe Biden adjusts his mask during a tour of McGregor Industries, a metal fabricating facility in Dunmore, Pa. Biden is pledging to define his presidency by a sweeping economic agenda beyond anything Americans have seen since the Great Depression and the industrial mobilization for World War II. (AP Photo/Matt Slocum, File)
1010 WINS Newsroom
July 11, 2020 - 9:39 am
WASHINGTON (AP) — Joe Biden stood in a Pennsylvania metal works shop, just miles from his boyhood home, and pledged to define his presidency by a sweeping economic agenda beyond anything Americans have seen since the Great Depression and the industrial mobilization for World War II. The prospective...
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People's Action Party Secretary-General and Singaporean Prime Minister Lee Hsien Loong, right, verifies his identity with a polling official at the Alexandra Primary School polling center in Singapore, Friday, July 10, 2020. Wearing masks and plastic gloves, Singaporeans began voting in a general election that is expected to return Prime Minister Lee's long-governing party to power. (AP Photo)
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July 10, 2020 - 11:34 pm
SINGAPORE (AP) — Singapore Prime Minister Lee Hsien Loong's long-governing party comfortably won Friday's general elections as expected amid the coronavirus pandemic, but faced a setback as the opposition made minor gains. Lee said his People’s Action Party secured 83 parliamentary seats, retaining...
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Workers in protective suits administer coronavirus tests at a COVID-19 testing site for those who were potentially exposed to the coronavirus at a wholesale food market in Beijing, Wednesday, June 17, 2020. As the number of cases of COVID-19 in Beijing climbed in recent days following an outbreak linked to a wholesale food market, officials announced they had identified hundreds of thousands of people who needed to be tested for the coronavirus. (AP Photo/Mark Schiefelbein)
1010 WINS Newsroom
July 10, 2020 - 10:27 pm
BEIJING — New coronavirus cases have dropped sharply in China, and authorities are turning their attention to concerns that the virus could spread through imported food. Those worries have risen since a June outbreak in Beijing that was linked to the city’s largest wholesale market. Testing has...
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FILE - This July 31, 2019, file photo, shows the Federal Reserve logo ahead of the start of a scheduled news conference by Chairman Jerome Powell in Washington. The Federal Reserve says it purchased $1.3 billion in corporate bonds in late June 2020 as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. (AP Photo/Manuel Balce Ceneta, File)
1010 WINS Newsroom
July 10, 2020 - 7:54 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT...
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1010 WINS Newsroom
July 10, 2020 - 6:34 pm
WASHINGTON (AP) — The Trump administration on Friday announced plans to impose taxes on $1.3 billion in French imports — hitting handbags and makeup but sparing cheese and wine — in retaliation for France’s digital services tax on U.S. technology giants. But the Office of the U.S. Trade...
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President Donald Trump listens as Robert Unanue, of Goya Foods, speaks during a roundtable meeting with Hispanic leaders in the Cabinet Room, Thursday, July 9, 2020, in Washington. (AP Photo/Evan Vucci)
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July 10, 2020 - 5:34 pm
NEW YORK (AP) — The CEO of food company Goya is facing an uproar over his praise for President Donald Trump, with some Latino families purging their pantries of the products and scrambling to find alternatives to the beloved beans, seasoning and other products that have long been fixtures in their...
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FILE - In this May 25, 2020, file photo, Brazil's President Jair Bolsonaro, wearing a face mask amid the coronavirus pandemic, stands among supporters as he leaves his official residence of Alvorada palace in Brasilia, Brazil. Bolsonaro said Tuesday, July 7, he tested positive for COVID-19 after months of downplaying the virus's severity while deaths mounted rapidly inside the country. (AP Photo/Eraldo Peres, File)
1010 WINS Newsroom
July 10, 2020 - 5:24 pm
HAVANA (AP) — The COVID-19 pandemic is sweeping through the leadership of Latin America, with two more presidents and powerful officials testing positive this week for the new coronavirus, adding a destabilizing new element to the region’s public health and economic crises. In Brazil, President...
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Workers wearing masks walk by the New York Stock Exchange during the coronavirus pandemic, Thursday, July 9, 2020, in New York. (AP Photo/Mark Lennihan)
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July 10, 2020 - 4:32 pm
NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy’s recent upswing. The S&P 500 climbed 1%, and the biggest gains came from cruise ship operators, airlines, banks and other...
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Visitors wearing face masks to protect against the new coronavirus look at a Tesla Model 3 vehicle on display at an auto show in southwestern China's Chongqing Municipality, June 13, 2020. An industry group reports on Friday, July 10, 2020, China's auto sales rose 1.8% in June over a year earlier but were down by double digits for the first half of 2020 after the country shut down to fight the coronavirus. (Chinatopix via AP)
1010 WINS Newsroom
July 10, 2020 - 6:23 am
BEIJING (AP) — China’s auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the coronavirus, an industry group reported Friday. June sales of SUVs, sedans and minivans in the industry’s biggest global market rose...
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A man walks in the rain past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, July 10, 2020. Asian stock markets followed Wall Street lower Friday on worries economic improvements might fade as coronavirus cases increase in the United States and some other countries. (AP Photo/Eugene Hoshiko)
1010 WINS Newsroom
July 09, 2020 - 11:42 pm
BEIJING (AP) — Asian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries. Benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia retreated a day after strong gains driven by the...
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