Trump order allows some unemployment pay, defers payroll tax
BEDMINSTER, N.J. (AP) — President Donald Trump has bypassed the nation's lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed.
Trump allows some unemployment pay, defers payroll tax
BEDMINSTER, N.J. (AP) — President Donald Trump on Saturday bypassed the nation's lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed.
Mauritius scrambles to counter oil spill from grounded ship
JOHANNESBURG (AP) — Anxious residents of the Indian Ocean island nation of Mauritius stuffed fabric sacks with sugar cane leaves Saturday to create makeshift oil spill barriers as tons of fuel leaking from a grounded ship put endangered wildlife in further peril.
Shipyard, union reach tentative deal to end strike in Maine
BATH, Maine (AP) — Navy shipbuilder Bath Iron Works and production workers reached a tentative agreement to end a strike that has stretched on for more than a month during a pandemic, officials announced Saturday.
Potential Kodak deal paused until 'allegations are cleared'
NEW YORK (AP) — A government agency said a potential deal to have Eastman Kodak help make generic drugs is being paused until allegations of insider trading at the once mighty photography company are cleared.
Profit up 87% at Buffett's firm, but virus slows businesses
OMAHA, Neb. (AP) — Warren Buffett's company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the economic impact of the coronavirus pandemic.
BBC radio host quits over use of racist term in news report
LONDON (AP) — British radio host Sideman quit the BBC on Saturday over the corporation’s decision to include a racial slur in a news report about a racist attack.
AP FACT CHECK: Trump’s false push on preexisting conditions
WASHINGTON (AP) — President Donald Trump is teasing the possibility of executive action to require health insurance companies to cover preexisting medical conditions, something that he says “has never been done before.” It’s been done before.
Virus causing financial pain even for people still working
ATLANTA (AP) — Getting her job back should have been a relief for Leesa Huddleston. A kitchen worker at an Indiana casino, Huddleston returned in June after a three-month furlough caused by the coronavirus.
Huawei: Smartphone chips running out under US sanctions
BEIJING (AP) — Chinese tech giant Huawei is running out of processor chips to make smartphones due to U.S. sanctions and will be forced to stop production of its own most advanced chips, a company executive says, in a sign of growing damage to Huawei’s business from American pressure.
US sanctions pro-China leader of Hong Kong, other officials
WASHINGTON (AP) — The U.S. on Friday imposed sanctions on Hong Kong officials, including the pro-China leader of the government, accusing them of cooperating with Beijing’s effort to undermine autonomy and crack down on freedom in the former British colony.
Q&A: What's up with Trump's orders on TikTok and WeChat?
NEW YORK (AP) — President Donald Trump has ordered sweeping but vague ban on dealings with the Chinese owners of popular apps TikTok and WeChat, saying they are a threat to U.S.
FAA employees who oversee airplane makers report pressure
Federal employees overseeing Boeing and other aircraft makers say they face pressure from the companies and fear retribution from their own bosses if they raise too many safety concerns, according to a survey of the workers that was delivered to Congress on Friday.
US hiring slows amid signs of longer-lasting economic damage
WASHINGTON (AP) — U.S. hiring slowed in July as the coronavirus outbreak worsened, and the government’s jobs report offered signs Friday that the economic damage from the pandemic could last far longer than many observers originally envisioned.
Postal Service loses $2.2B in 3 months as virus woes persist
WASHINGTON (AP) — The U.S. Postal Service says it lost $2.2 billion in the three months that ended in June as the beleaguered agency — hit hard by the coronavirus pandemic — piles up financial losses that officials warn could top $20 billion over two years.
As Trump digs in, will it be US versus China in tech?
NEW YORK (AP) — President Donald Trump’s bans on two popular Chinese social media apps — TikTok and WeChat — are the latest moves in an escalating U.S.-China rift, and point to a future where technology and innovation are increasingly walled behind political barriers.
US consumer borrowing up in June after 3 months of declines
WASHINGTON (AP) — The pandemic still has Americans easing off the plastic. U.S. consumer borrowing rose in June after three months of declines but the key category of credit card debt extended its decline.
S&P 500 ekes out 6th straight gain following jobs report
NEW YORK (AP) — Wall Street’s big rally let off the accelerator on Friday, despite a better-than-expected report on the U.S. job market, amid worries about worsening U.S.-China tensions and whether Washington can deliver more aid for the economy.
Judge rejects pharmacy chains' bid to toss opioid suits
CLEVELAND (AP) — Lawsuits filed by two Ohio counties against retail pharmacy chains claiming their opioid dispensing practices flooded communities with pain pills and were a a public nuisance can continue, a federal judge in Cleveland has determined.
AP Explains: 5 key takeaways from the July jobs report
WASHINGTON (AP) — A resurgence in COVID-19 cases didn’t shut off the American job creation machine last month — but it did slow it down.
Turkish lira hits another historic low amid pandemic
LONDON (AP) — Turkey's currency tumbled further Friday, hitting another record low. The Turkish lira dropped to 7.3677 against the dollar before making a recovery.
Fed official defends slow start to Main Street loan program
WASHINGTON (AP) — A top Federal Reserve official on Friday defended the central bank’s efforts to launch a Main Street lending program and said the small number of loans approved so far would likely expand by a significant amount in coming months, especially if the pandemic worsens.
UK to spend millions to ease Brexit red tape for N Ireland
The British government will spend up 355 million pounds ($465 million) to help businesses in Northern Ireland deal with the red tape caused by Brexit, officials said Friday.
Loan program ends, hard-hit businesses hope for 2nd chance
NEW YORK (AP) — Small businesses are in limbo again as the coronavirus outbreak rages and the government’s $659 billion relief program draws to a close.
Trump moves against Chinese owners of TikTok and WeChat apps
NEW YORK (AP) — President Trump is broadly prohibiting unspecified ‘transactions’ with Chinese owners of TikTok and WeChat via executive order in 45 days.