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BEIJING (AP) — China has made major progress in developing its economy and eradicating rural poverty over the past year despite the coronavirus pandemic, Chinese President Xi Jinping said in a New Year address Thursday.
In this photo released by China's Xinhua News Agency, Chinese President Xi Jinping delivers a New Year's address in Beijing, Thursday, Dec. 31, 2020. China has made major progress in developing its economy and eradicating rural poverty over the past…
World shares edged higher on Wednesday as some markets wrapped up trading for 2020, anticipating a dose of fresh support for the U.S. economy and efforts to speed up coronavirus vaccinations to help curb the pandemic.
TOKYO (AP) — Prime Minister Yoshihide Suga came to office on a wave of popularity, pledging to combat the coronavirus and fix Japan's languishing economy.
Restaurant workers wait for customers at a restaurant open only for take away service in Mexico City, Sunday, Dec. 20, 2020. After months of resisting to avoid hurting the economy, officials banned all non-essential activities starting Saturday and returned to…
WASHINGTON (AP) — The U.S. economy expanded at a record 33.4% annual pace from July through September, the Commerce Department said Tuesday, delivering the last of three estimates on the economy’s third-quarter performance. But it's likely that a resurgence in…
A shopper in a face mask looks over cuts of beef piled up in a cold room for purchase at a Costco warehouse store Tuesday, May 5, 2020, in west Denver. The U.S. economy rebounded at an even-stronger pace in…
Roberto is getting a massage in the street in Mexico City, Saturday, Dec. 18, 2020. After months of resisting to avoid hurting the economy, officials banned all non-essential activities starting Saturday and returned to a partial lockdown in Mexico City…
Roberto is getting a massage in the street in Mexico City, Saturday, Dec. 18, 2020. After months of resisting to avoid hurting the economy, officials banned all non-essential activities starting Saturday and returned to a partial lockdown in Mexico City…
Newlyweds Ana Vallejos and Yamil Salcedo perform the traditional "Caporales" Andean dance during their wedding celebration, in La Paz, Bolivia, Saturday, Dec. 12, 2020. As a measure to reactivate the economy, the Bolivian government lifted restrictions to help curve the…
The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes substantial progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.
WASHINGTON (AP) — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.
FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Senate on…
Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020.
A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 16, 2020. Shares rose in Asia on Wednesday after revived hopes for more aid for the U.S. economy broke a four-day losing streak on…
While a large share of student loans are currently in forbearance due to COVID-19 aid programs, students—many of whom might struggle to find work in a depressed economy—will be put in a precarious situation when aid programs end.
Senate Minority Leader Chuck Schumer spoke virtually to President-elect Joe Biden's economic team saying the country wants a "bold program to stimulate the economy." He's backing a bipartisan proposal and calling for more aid after the new year.
Brian Chesky, CEO of Airbnb, is shown on an electronic screen at the Nasdaq MarketSite, Thursday, Dec. 10, 2020, in New York. The San Francisco-based online vacation rental company holds its IPO Thursday.
Senate Minority Leader Chuck Schumer spoke virtually to President-elect Joe Biden's economic team saying the country wants a "bold program to stimulate the economy." He's backing a bipartisan proposal and calling for more aid after the new year.
A man pushes carts as a hiring sign shows at a Jewel Osco grocery store in Deerfield, Ill., Thursday, April 23, 2020. Friday, Dec. 4, monthly U.S. jobs report will help answer a key question hanging over the economy: Just…
“It was the best of times, it was the worst of times,” the oft-quoted opening line from “A Tale of Two Cities,” is an apt description of the American economy. And we know how those times ended — in revolution.
A man pushes carts as a hiring sign shows at a Jewel Osco grocery store in Deerfield, Ill., Thursday, April 23, 2020. Friday, Dec. 4, monthly U.S. jobs report will help answer a key question hanging over the economy: Just…
WASHINGTON (AP) — U.S. long-term mortgage rates edged lower this week, reaching record lows for the 14th time this year against the backdrop of the pandemic-ravaged economy.
RIO DE JANEIRO (AP) — Brazil’s economy grew 7.7% in the third quarter of the year from the previous three months, the national statistics institute reported on Thursday — the strongest quarterly result in a quarter century but less than…
OMAHA, Neb. (AP) — A new monthly survey of business leaders in nine Midwest and Plains states suggests faltering confidence in the region’s economy as a new surge of the coronavirus outbreak sweeps the country.
OMAHA, Neb. (AP) — The Institute for Supply Management, formerly the Purchasing Management Association, began formally surveying its membership in 1931 to gauge business conditions.
PARIS (AP) — Vendors broke out in applause in the flagship Galeries Lafayette department store in Paris as eager shoppers returned for the first time in a month, after yet another virus lockdown.
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says that the pace of improvement in the economy has moderated in recent months with future prospects remaining “extraordinarily uncertain.”
NEW YORK (AP) — The S&P 500 rose to a record high Friday as investors continue to look forward to the distribution of a COVID-19 vaccine and relief for the global economy.
A flurry of data released Wednesday suggested that the spread of the virus is intensifying the threats to an economy still struggling to recover from the deep recession that struck in early spring.