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Tokyo’s Nikkei 225 index picked up 0.3% to 22,211.89, while the Shanghai Composite index jumped 1% to 3,121.74. In South Korea, the Kospi gained 0.4% to 2,142.74, and Australia’s S&P/ASX…
The U.S. unemployment rate is expected to stay above its pre-pandemic levels through the end of 2030, according to a 10-year economic report released Thursday by the Congressional Budget Office.…
Wall Street is rising Thursday after a report showed the U.S. job market continues to climb out of the crater created by the coronavirus pandemic. The S&P 500 was 0.9%…
Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that the average rate on the…
American Airlines and four smaller carriers have reached agreement with the government for billions more in federal loans, a sign of the industry’s desperate fight to survive a downturn in…
U.S. employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1%, as the job market improved for a second straight month, yet still remained…
Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. Benchmarks in Shanghai, Tokyo, Hong Kong and…
Communication companies helped lift U.S. stock indexes mostly higher Wednesday afternoon, placing the market on track for its third gain in a row. The S&P 500 was up 0.6%, coming…
U.S. companies added nearly 2.4 million jobs in June, according to a private survey, a large gain that still leaves total employment far below its pre-pandemic levels. The payroll company…
Asian shares were mostly higher Wednesday after Wall Street capped its best quarter since 1998, shrugging off continued signs of global economic damage from the coronavirus pandemic. Japan’s benchmark Nikkei…
Boeing Co failed to submit certification documents to the U.S. Federal Aviation Administration (FAA) detailing changes to a key flight control system faulted in two fatal crashes, a long-awaited government…
European aircraft manufacturer Airbus said Tuesday it plans to eliminate 15,000 jobs over the next year, mostly in Europe, as it struggles with the financial hit of the coronavirus pandemic.…
OPEC oil output hit the lowest in two decades in June as Saudi Arabia and other Gulf Arab members made larger cuts, a Reuters survey found, pushing group compliance in…
Asian shares rose Tuesday, cheered by a rally on Wall Street reflecting some optimism over stronger than expected economic data, despite widening coronavirus outbreaks. Japan’s benchmark Nikkei 225 gained 1.3%…
Boeing Co began a series of long-delayed flight tests of its redesigned 737 MAX with regulators at the controls on Monday, hoping to win approval and rebuild its reputation after…
A new version of Nissan’s best-selling Rogue compact SUV goes on sale this fall with advanced new driver assistance features including adaptive cruise control that can slow the vehicle in…
Usually, by mid-year, employees have burned some paid time off on spring break trips or summer getaways. But with nowhere to get away to during the COVID-19 pandemic, PTO has…
Chesapeake Energy, a shale drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection. The Oklahoma City-based company said Sunday that…
Stocks are climbing on Wall Street in midday Monday trading, clawing back more than a third of their losses from last week. The S&P 500 was up 1%, driving decisively…
Shares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings. Tokyo’s Nikkei 225 index lost 2.3%. Shares…