Financial crisis

President Donald Trump speaks from the South Lawn of the White House on the fourth day of the Republican National Convention, Thursday, Aug. 27, 2020, in Washington. (AP Photo/Alex Brandon)
AP
August 28, 2020 - 12:21 am
WASHINGTON (AP) — President Donald Trump blasted Joe Biden as a hapless career politician who will endanger Americans’ safety as he accepted his party’s renomination on the South Lawn of the White House. While the coronavirus kills 1,000 Americans each day, Trump defied his own administration’s...
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FILE - People walk by the New York Stock Exchange, left, Tuesday, July 21, 2020. Stocks are drifting again on Wall Street Friday, Aug. 21, following a mixed set of data on the economy, as a record-breaking but wishy-washy week of trading closes out. (AP Photo/Mark Lennihan)
AP
August 21, 2020 - 3:07 pm
NEW YORK (AP) — More gains for tech stocks propped up an otherwise wobbly Wall Street on Friday, as a record-breaking but wishy-washy week of trading came to a close. The S&P 500 rose 0.3%, even though most stocks in the index were weaker after a couple reports on the U.S. economy showed more...
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Democratic presidential candidate former Vice President Joe Biden, with Democratic vice presidential candidate Sen. Kamala Harris, D-Calif., raise their arms up as fireworks go off in the background during the fourth day of the Democratic National Convention, Thursday, Aug. 20, 2020, at the Chase Center in Wilmington, Del. Looking on are Jill Biden, far left, and Harris' husband Doug Emhoff, far right. (AP Photo/Andrew Harnik)
AP
August 21, 2020 - 1:08 am
WILMINGTON, Del. (AP) — Joe Biden accepted the Democratic presidential nomination Thursday night with a vow to be a unifying “ally of the light” who would move an America in crisis past the chaos of President Donald Trump’s tenure. In his strongest remarks of the campaign, Biden spoke both of...
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A woman wearing a mask passes the New York Stock Exchange, Tuesday, June 30, 2020, during the coronavirus pandemic. (AP Photo/Mark Lennihan)
AP
June 30, 2020 - 11:00 pm
TOKYO (AP) — 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 225 slipped 0.2% to 22,187.27. South Korea's Kospi rose 1.0% to 2,130.14...
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FILE - In this May 12, 2020, file photo, a teacher removes students’ artwork from a bulletin board as she packs the art in her kindergarten classroom at an elementary school in Olathe, Kan. The coronavirus is proving ruinous to state budgets, forcing many governments to consider once-unthinkable cuts to schools, universities, health care programs and a wide array of other basic functions. (AP Photo/Charlie Riedel, File)
AP
May 13, 2020 - 9:00 pm
As the nation enters a third month of economic devastation, the coronavirus is proving ruinous to state budgets, forcing many governments to consider deep cuts to schools, universities, health care and other basic functions that would have been unthinkable just a few months ago.
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FILE - In this May 7, 2020, file photo, a pedestrian walks by The Framing Gallery, closed due to the COVID-19 pandemic, in Grosse Pointe, Mich. The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. (AP Photo/Paul Sancya, File)
AP
May 08, 2020 - 11:06 am
WASHINGTON (AP) — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy. The losses, reported by...
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A man walks by a closed store during the COVID-19 in Chicago, Thursday, April 30, 2020. Another 3.8 million people filed claims for jobless benefits last week, according to the Labor Department. While that's down from the previous week's 4.4 million, a staggering 30.3 million have applied for unemployment in the six weeks since the coronavirus began taking a wrecking ball to the U.S. job market. (AP Photo/Nam Y. Huh)
AP
May 06, 2020 - 4:26 pm
WASHINGTON (AP) — The economic catastrophe caused by the viral outbreak likely sent the U.S. unemployment rate in April to its highest level since the Great Depression and caused a record-shattering loss of jobs. With the economy paralyzed by business closures, the unemployment rate likely jumped...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 29, 2020. Asian stock markets gained Wednesday after France and Spain joined governments that plan to ease anti-virus controls and allow businesses to reopen. (AP Photo/Ahn Young-joon)
AP
April 29, 2020 - 3:49 pm
Stocks around the world whipped higher Wednesday, riding a wave of optimism on encouraging data about a possible treatment for COVID-19. The upswell of hope was so strong that investors completely sidestepped a report showing the outbreak drove the U.S. economy to its worst quarterly performance...
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President Donald Trump listens during a meeting about the coronavirus with Louisiana Gov. John Bel Edwards, not pictured, in the Oval Office of the White House, Wednesday, April 29, 2020, in Washington. (AP Photo/Evan Vucci)
AP
April 29, 2020 - 3:33 pm
President Donald Trump is still all-in on getting reelected, but he's also set to take the first steps to formally prepare someone else to take over if he loses on Nov. 3.
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In this image from video, House Speaker Nancy Pelosi of Calif., speaks on the floor of the House of Representatives at the U.S. Capitol in Washington, Thursday, April 23, 2020. (House Television via AP)
AP
April 23, 2020 - 5:14 pm
WASHINGTON (AP) — Congress delivered a nearly $500 billion infusion of coronavirus spending Thursday, rushing new relief to employers and hospitals buckling under the strain of a pandemic that has claimed almost 50,000 American lives and one in six U.S. jobs. The measure passed almost unanimously,...
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