Jun 18, 2020 | Finance
LOS ANGELES (AP) — The reopening of businesses shut due to the coronavirus pandemic is fueling optimism on Wall Street that the U.S. economy is on the path to recovering from a steep recession. How quickly that recovery happens hinges on the outbreak subsiding and on...
Jun 18, 2020 | Finance
NEW YORK (AP) — When the coronavirus roared into New York, chef Anna Klinger wouldn’t let it put a fork in her restaurant. Al di La, the Brooklyn trattoria she runs with her husband, Emiliano Coppa, hadn’t done much takeout until then. Their northern...
Jun 18, 2020 | Finance
FRANKFURT, Germany (AP) — The European Central Bank has handed out 1.31 trillion euros ($1.46 trillion) in long-term, ultra-cheap credit to hundreds of banks as part of its emergency support aimed at cushioning the impact of the coronavirus pandemic on businesses and...
Jun 18, 2020 | Finance
DETROIT (AP) — Fiat Chrysler is recalling almost 95,000 Jeep Cherokees worldwide because a transmission problem can cause the small SUVs to lose power unexpectedly. Also, when drivers shift into park, the transmissions may not go there, increasing the risk of a...
Jun 18, 2020 | Finance
RIO RANCHO, N.M. (AP) — Clergy and religious leaders are preparing to hold a virtual march Saturday to highlight the plight of Americans struggling with poverty — people like Madelyn “Maddie” Brace and her boyfriend, Luciano Benavidez. For weeks, Brace and her...
Jun 18, 2020 | Finance
WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year loan declined to 3.13% from 3.21% last week. It was the...
