AP News | |

World markets were mixed on Friday as investors weighed a rise in coronavirus cases in the United States against upbeat economic data in Europe.

Wall Street futures were down slightly and Asian markets closed lower. European shares, however, edged up after official figures showed industrial production bounced back sharply in some countries.

Manufacturing jumped 22% month-on-month in France in May, making up for the previous month’s fall. In Ital...

AP News | |

The U.S. economy is stumbling as the viral outbreak intensifies, threatening to slow hiring and deepening the uncertainty for employees, consumers and companies across the country.

Coronavirus case counts are rising in 38 states, and the nation as a whole has been shattering single-day records for new confirmed cases. In six states representing one-third of the economy — Arizona, California, Colorado, Florida, Michigan, and Texas ...

AP News | |

More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.

The persistently elevated level of layoffs are occurring as a spike in virus cases has forced six states to reverse their move to reopen businesses. Those six — Arizona, California, Colorado, Florida, Michigan and Texas — make up one-third of the U.S. economy.

AP News | |

Global stocks were mostly higher on Thursday though market sentiment appeared fragile as coronavirus contagions remained high in many countries, including the U.S.

Shares in most of Europe rose after indexes in Shanghai, Tokyo and Hong Kong and Australia closed higher. Wall Street futures were down slightly ahead of the open.

U.S. stocks have recovered most of this year’s losses, helping to push up global prices, despite rising numbers of American...

Reuters | |

New Jersey adopted a stringent coronavirus face-mask order on Wednesday, and New York City unveiled a plan to allow public school students back into classrooms for just two or three days a week, as newly confirmed U.S. COVID-19 cases soared to a daily global record.

Officials in New Jersey and New York, the hardest-hit states at the outset of the U.S. outbreak, are trying to preserve progress in curtailing spread of the v...

Reuters | |

China’s factory gate prices fell for a fifth straight month in June as the coronavirus pandemic weighed heavily on industrial demand, although signs of a pickup in some parts of the sector suggest a slow economic recovery remains intact.

The producer price index (PPI) in June fell 3.0% from a year earlier, China’s National Bureau of Statistics (NBS) said in a statement on Thursday, slower than a 3.2% fall tipped by a R...

AP News | |

Wall Street’s rally got back on track Wednesday after more gains for big technology stocks helped pull the S&P 500 to its sixth gain in seven days.

It came after a jumbled day of trading, where the S&P 500 drifted up and down a few times before a last-hour lift sent it to a gain of 0.8%. Treasury yields and oil prices also ticked higher, but caution continued to hang over markets as gold touched its highest price since 2011.

The Dow Jones Industrial Average rose 177.10 points, or 0.7%, to 26,067.28, and the Nasdaq composite gained 148.61, or 1.4%, to 10,492.50 to set another record. The S&P 500, which more index funds benchmark themselves against, rose 24.62 to 3,169.94 and is back within 6.4% of its record.

Reuters | |

U.S. President Donald Trump on Wednesday threatened to cut off funding to schools that do not open in the fall and criticized a federal health agency’s guidelines for reopening schools as “very tough & expensive.”

The Republican president, who is seeking re-election in November, accused Democrats of wanting to keep schools shut for political reasons, despite a surge in coronavirus cases across the country.

“The D...

AP News | |

Global stock markets were mixed Wednesday as uncertainty over the coronavirus pandemic sapped the buying enthusiasm that has been driving prices higher.

Wall Street appeared set to edge up on the open, with Dow futures up 0.1% and S&P 500 futures 0.2% higher. In Europe, France’s CAC 40 fell 0.7% to 5,007, while Germany’s DAX was down 0.3% at 12,580. Britain’s FTSE 100 was flat at 6,188.

Given the current murky outlook, in...

Reuters | |

The U.S. coronavirus outbreak crossed a grim milestone of over 3 million confirmed cases on Tuesday as more states reported record numbers of new infections, and Florida faced an impending shortage of intensive care unit hospital beds.

Authorities have reported alarming upswings of daily caseloads in roughly two dozen states over the past two weeks, a sign that efforts to control transmission of the novel coronavirus h...