Economy

FILE - In this Feb. 20, 2020, file photo President Donald Trump arrives to speak at a campaign rally at The Broadmoor World Arena in Colorado Springs, Colo. As the economy faces a once-in-a-century recession, with more than 38 million people out of work, Trump is increasingly talking up a future recovery that probably won't materialize until after the November election. (AP Photo/Evan Vucci, File)
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May 29, 2020 - 12:06 am
WASHINGTON (AP) — The White House has taken the unusual step of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration's anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 29, 2020. Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. (AP Photo/Eugene Hoshiko)
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May 28, 2020 - 11:56 pm
BANGKOK (AP) — Shares fell Friday in Asia after Wall Street’s rally petered out amid worries about flaring U.S.-China tensions. Benchmarks declined in Hong Kong, Tokyo and Sydney but rose in Shanghai. Investors are nervously awaiting a news conference about China by President Donald Trump later in...
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Riot police stand guard at Central during the second day of debate on a contentious bill that would criminalize insulting or abusing the Chinese national anthem, in Hong Kong, Thursday, May 28, 2020. (AP Photo/Vincent Yu)
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May 28, 2020 - 10:47 pm
HONG KONG (AP) — A national security law proposed by China could imperil Hong Kong’s status as one of the world’s best places to do business. The law, approved Thursday in Beijing, led Secretary of State Mike Pompeo to say Washington will no longer treat Hong Kong, already reeling from anti-...
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A woman walks past a boarded up business, Thursday, May 28, 2020, in East Cleveland, Ohio. The state says about 1.3 million Ohioans have filed unemployment claims in the past 10 weeks as Ohio's stay-at-home order depressed the economy and led to widespread layoffs. The Ohio Department of Job and Family Services says about 42,000 people filed claims for the week ending May 23. (AP Photo/Tony Dejak)
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May 28, 2020 - 10:07 pm
WASHINGTON (AP) — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that the scourge is doing deep and potentially long-lasting damage to the U.S. economy. Despite a few glimmers...
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In this undated photo provided on Sunday, May 24, 2020, by the North Korean government, North Korean leader Kim Jong Un speaks during a meeting of the Seventh Central Military Commission of the Workers' Party of Korea in North Korea. Independent journalists were not given access to cover the event depicted in this image distributed by the North Korean government. The content of this image is as provided and cannot be independently verified. (Korean Central News Agency/Korea News Service via AP)
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May 28, 2020 - 8:52 pm
WASHINGTON (AP) — The Justice Department has accused a network of North Korean and Chinese citizens of secretly advancing North Korea’s nuclear weapons program by channeling at least $2.5 billion in illicit payments through hundreds of front companies. The indictment, unsealed Thursday in...
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FILE- In this file photo taken Thursday, April 30, 2020, Women carrying their children lineup to receive vegetables from the Jan Hofmeyer community services in the Vrededorp neighborhood of Johannesburg. South Africa is struggling to balance its fight against the coronavirus with its dire need to resume economic activity. The country with the Africa’s most developed economy also has its highest number of infections — more than 19,000. (AP Photo/Jerome Delay, file)
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May 28, 2020 - 7:40 pm
UNITED NATIONS (AP) — The U.N. chief on Thursday warned the largest gathering of world leaders since the coronavirus pandemic began that it will cause “unimaginable devastation and suffering around the world,” with historic levels of hunger and famine and up to 1.6 billion people unable to earn a...
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This photo shows a sign at the headquarters for Washington state's Employment Security Department Tuesday, May 26, 2020, at the Capitol in Olympia, Wash. Washington state's rush to get unemployment benefits to residents who lost jobs due to the coronavirus outbreak left it vulnerable to criminals who made off with hundreds of millions of dollars in fraudulent claims. (AP Photo/Ted S. Warren)
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May 28, 2020 - 5:53 pm
OLYMPIA, Wash. (AP) — Washington state has recovered $300 million paid to criminals who used stolen personal information to file fraudulent unemployment benefit claims amid the COVID-19 crisis, officials said Thursday. Employment Security Department Commissioner Suzi LeVine said that she could not...
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FILE - In this May 19, 2020, file photo President Donald Trump speaks with reporters after meeting with Senate Republicans at their weekly luncheon on Capitol Hill in Washington. Standing behind Trump are Sen. John Barrasso, R-Wyo., second from right, and Senate Majority Leader Mitch McConnell of Ky. GOP candidates are burdened by Trump’s lingering unpopularity with suburban voters. They face a potentially crippling fundraising disadvantage against pivotal Democratic incumbents. (AP Photo/Patrick Semansky, File)
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May 28, 2020 - 3:36 pm
Wading into a politically charged issue, Senate Majority Leader Mitch McConnell on Thursday preached the importance of wearing masks in public as the nation's economy reopens from the “cataclysmic" damage inflicted by the coronavirus pandemic. During a tour of hospitals this week in his home state...
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This May 22, 2020 photo shows a sold sign in front of a house in Brighton, N.Y. On Thursday, May 28, long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reports that the average rate on the 30-year loan tumbled to 3.15% from 3.24% last week. (AP Photo/Ted Shaffrey)
1010 WINS Newsroom
May 28, 2020 - 1:56 pm
WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan tumbled to 3...
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Registered nurse Amanda Marsh stands outside the Staunton River Memorial Library Thursday May 28, 2020, in Altavista, Va. Marsh's unemployment benefits ran out in March and she has not gotten the extension benefits from the coronavirus relief bill which she is eligible for due to the state's delayed program. (AP Photo/Steve Helber)
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May 28, 2020 - 12:20 pm
RICHMOND, Va. (AP) — When registered nurse Amanda Marsh lost her job working from her Virginia home as a health plan medical reviewer late last year, unemployment benefits helped support her family while she looked for work. Those ran out in March, so when she found out the coronavirus relief bill...
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