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MARTIN CRUTSINGER and PAUL WISEMAN AP Economics Writers WASHINGTON (AP) — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, squeezing already struggling businesses and forcing a wave of layoffs that shows no sign of abating. The economy's collapse in the April-June quarter, stunning in its speed and depth, came as a resurgence of the viral outbreak has pushed businesses to close for a second time in many areas. T...
MIKE STOBBE and NICKY FORSTER Associated Press NEW YORK (AP) - While deaths from the coronavirus in the U.S. are mounting rapidly, public health experts are seeing a flicker of good news: The second surge of confirmed cases appears to be leveling off. Scientists aren't celebrating by any means, warning that the trend is driven by four big, hard-hit places - Arizona, California, Florida and Texas - and that cases are rising in close to 30 states in all, with the outbreak's...
LISA J. ADAMS WAGNER Associated Press ATLANTA (AP) - Herman Cain, former Republican presidential candidate and former CEO of a major pizza chain who went on to become an ardent supporter of President Donald Trump, has died of complications from the coronavirus. He was 74. A post on Cain's Twitter account Thursday announced the death. Cain had been ill with the virus for several weeks. It's not clear when or where he was infected, but he was hospitalized less than two weeks...
MIKE BALSAMO and GILLIAN FLACCUS Associated Press PORTLAND, Ore. (AP) — The party at the Salmon Street Springs fountain, a riverfront landmark in the heart of Portland, was just getting started. Dozens of drummers beat out entrancing rhythms and a crowd of hundreds danced joyfully as the setting sun cast a soft pink glow on distant Mount Hood. Poster boards bearing the names of dozens of Black men and women killed by police stirred in a gentle breeze as the energy built to fever pitch and more and more people poured into t...
MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year. A huge plunge in consumer spending as people stayed home and avoided shopping, traveling or gathering in crowds as the virus raged is estimated to have sent the economy sinking at a roughly 32% annual rate in the April-June quarter. That would be more than triple the p...
GILLIAN FLACCUS and JONATHAN LEMIRE Associated Press PORTLAND, Ore. (AP) — Federal agents who have clashed with protesters in Portland, Oregon, will begin a "phased withdrawal" from the city, Gov. Kate Brown said Wednesday. Acting Homeland Security Secretary Chad Wolf said in a statement the plan negotiated with Brown over the last 24 hours includes a "robust presence" of Oregon State Police in the downtown of the state's largest city. "State and local law enforcement will begin securing properties and streets, especially tho...
MARCY GORDON AP Business Writer WASHINGTON (AP) — Four Big Tech CEOs — Facebook's Mark Zuckerberg, Amazon's Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple — are set to answer for their companies' practices before Congress as a House panel caps its yearlong investigation of market dominance in the industry. The powerful executives are set to defend their companies as buttressing competition and offering essential services to consumers. The four CEOs are testifing remotely for a hearing Wednesday by the House Judci...
DAVID RISING Associated Press BERLIN (AP) - Holocaust survivors around the world are lending their voices to a campaign launched Wednesday targeting Facebook head Mark Zuckerberg, urging him to take action to remove denial of the Nazi genocide from the social media site. Coordinated by the New York-based Conference on Jewish Material Claims Against Germany, the #NoDenyingIt campaign uses Facebook itself to make the survivors' entreaties to Zuckerberg heard, posting one video...
ATLANTA (AP) - John Lewis will lie in repose at the Georgia capitol in his hometown of Atlanta in one of the last memorial services for the late Democratic congressman before he is buried. Members of the public will be able to pay their respects to Lewis on Wednesday at the state capitol rotunda following a ceremony in his honor. A private burial service in Atlanta is scheduled for Thursday. Wednesday's service is part of a series of public remembrances for Lewis that began...
STAN CHOE AP Business Writer NEW YORK (AP) - Stocks are rising on Wall Street Wednesday ahead of a Federal Reserve announcement where investors expect the central bank to keep the accelerator floored on its aid for the economy. The S&P 500 was 0.8% higher in midday trading, while Treasury yields were holding steady and gold touched another record high. The Dow Jones Industrial Average was up 86 points, or 0.3%, at 26,465 as of 11:38 a.m. Eastern time, and the Nasdaq composite...
AMY FORLITI, LEAH WILLINGHAM and HEATHER HOLLINGSWORTH Associated Press JACKSON, Miss. (AP) — The baseball season descended deeper into crisis Tuesday, states such as Mississippi and South Carolina cast about for more hospital beds, and governors in some of the hardest-hit places staunchly resisted calls to require masks, despite soaring cases of the coronavirus. Major league baseball suspended the Miami Marlins' season through Sunday because of an outbreak that has spread to at least 15 of the team's players, and a series o...
LISA MASCARO AP Congressional Correspondent WASHINGTON (AP) — The differences over the next coronavirus aid package are vast: Democrats propose $3 trillion in relief and Republicans have a $1 trillion counteroffer. At stake are millions of Americans' jobless benefits, school reopenings and eviction protections. As top White House negotiators return to Capitol Hill on Tuesday, the leverage is apparent. They are meeting at House Speaker Nancy Pelosi's office. Republicans are so deeply divided over the prospect of big g...
The Associated Press Can you get the coronavirus twice? Scientists don't know for sure yet, but they believe it's unlikely. Health experts think people who had COVID-19 will have some immunity against a repeat infection. But they don't know how much protection or how long it would last. There have been reports of people testing positive for the virus weeks after they were believed to have recovered, leading some to think they may have been reinfected. More likely, experts say... Full story
MICHAEL LIEDTKE AP Business Writer Restaurants, bars and other merchants struggling to stay afloat during the coronavirus pandemic are desperately reaching out for a lifeline from insurers that in turn contend they are being miscast as potential saviors. Shutdowns and crowd restrictions imposed by state and local governments to limit the spread of the virus have resulted in more than $1 trillion in estimated losses so far for thousands of rapidly sinking small businesses....
MARILYNN MARCHIONE AP Chief Medical Writer An experimental blood test was highly accurate at distinguishing people with Alzheimer's disease from those without it in several studies, boosting hopes that there soon may be a simple way to help diagnose this most common form of dementia. Developing such a test has been a long-sought goal, and scientists warn that the new approach still needs more validation and is not yet ready for wide use. But Tuesday's results suggest they're...
BILL BARROW and ANDREW TAYLOR Associated Press WASHINGTON (AP) - The body of the late Rep. John Lewis has arrived in the Rotunda of the U.S. Capitol, where he will lie in state as lawmakers pay tribute to the long-time Georgia lawmaker and icon of the civil rights movement. House Speaker Nancy Pelosi led a delegation Monday to Joint Base Andrews in Maryland to greet Lewis's flag-draped casket. Lewis's motorcade stopped at Black Lives Matter Plaza near the White House as it wou...
ZEKE MILLER and JONATHAN LEMIRE Associated Press WASHINGTON (AP) — President Donald Trump's National Security Adviser Robert O'Brien has tested positive for the coronavirus — making him the highest-ranking official to test positive so far. That's according to two people familiar with the situation who spoke on condition of anonymity because they weren't authorized to discuss it by name. The White House confirmed that O'Brien has mild symptoms and "has been self-isolating and working from a secure location off site," add...
BEIJING (AP) — They have the largest economies in the world. They spend more than anyone else on their militaries. From high-tech chips to control of the high seas, their interests are closely intertwined. The ongoing sharp deterioration in U.S.-China ties poses risks to both countries and the rest of the world. In the latest escalation, a U.S. consulate in Chengdu in southwestern China shuttered Monday, ordered by China to close in retaliation for the U.S. shutting down its consulate in Houston last week. With the U.S. p...
LISA MASCARO and DARLENE SUPERVILLE Associated Press WASHINGTON (AP) — Suggesting a narrower pandemic relief package may be all that's possible, the White House still pushed ahead with Monday's planned rollout of the Senate Republicans' $1 trillion effort as House Speaker Nancy Pelosi assailed the GOP "disarray" as time-wasting during the crisis. The administration's chief negotiators — White House chief of staff Mark Meadows and Treasury Secretary Steven Mnuchin — spent the weekend on Capitol Hill to put what Meadows descr...
BEIJING (AP) — The price of gold surged to a record above $1,934 per ounce on Monday as investors moved money into an asset seen as a safe haven amid jitters about U.S.-Chinese tension and the recovery from the coronavirus pandemic. It added 2% percent after breaking its 2011 record high price on Friday, when it closed at $1,897.50 on the New York Mercantile Exchange. As of 8:35 GMT on Monday, it was at $1,934.60 per ounce and had traded as high as $1,938 per ounce. Prices of gold and silver have jumped as rising infection n...
STAN CHOE AP Business Writer NEW YORK (AP) — Stocks are ticking higher in early Monday trading on Wall Street, while gold rushes to a record at the start of a week packed with potentially market-moving events. The S&P 500 was 0.6% higher after the first 30 minutes of trading following mixed, modest moves for stocks overseas. Fear was still prevalent across markets, though, and gold shot above $1,940 per ounce to touch the highest-ever price for its most actively traded contract. The Dow Jones Industrial Average was up 104 p...
LAURAN NEERGAARD and MICHAEL HILL AP Medical Writer The world's biggest COVID-19 vaccine study got underway Monday with the first of 30,000 planned volunteers helping to test shots created by the U.S. government -- one of several candidates in the final stretch of the global vaccine race. There's still no guarantee that the experimental vaccine, developed by the National Institutes of Health and Moderna Inc., will really protect. The needed proof: Volunteers won't know if they're getting the real shot or a dummy version....
TAMMY WEBBER and STEPHEN GROVES Associated Press Joshua Claybourn is leaning toward sending his kindergarten daughter to in-person classes at a private school next month. Holly Davis' sixth-grade daughter will learn online, though the family has not yet decided what to do for school for a teenage daughter who requires special accommodations for hearing problems and dyslexia and another who's starting college. As they decide how their children will learn this fall amid the...
LINDSAY WHITEHURST Associated Press The Americans With Disabilities Act was a major turning point in opening large parts of U.S. society to disabled people, but three decades after its passage disabled workers still face higher unemployment than other adults -- a problem compounded by the coronavirus pandemic. Sunday marks 30 years since the ADA was signed into law by President George H.W. Bush with wide bipartisan support. It prohibits discrimination against people with disabilities in areas such as employment,...
KIM CHANDLER Associated Press TROY, Ala. (AP) — Civil rights icon and longtime Georgia congressman John Lewis was remembered Saturday — in the rural Alabama county where his story began — as a humble man who sprang from his family's farm with a vision that "good trouble" could change the world. The morning service in the city of Troy in rural Pike County was held at Troy University, where Lewis would often playfully remind the chancellor that he was denied admission in 1957 because he was Black, and where decades later he wa...