Business Stories from July 16, 2020 (Change date)
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American Airlines, Twitter fall; Dell, Virgin Galactic riseJul 16, 2020 7:00 am - NEW YORK (AP) - Stocks that moved heavily or traded substantially on Thursday: American Airlines Inc., down 99 cents to $12.45. The airline is notifying about 25,000 wo...
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US mortgage rates fall to record lows; 30-year at 2.98%Jul 16, 2020 7:00 am - WASHINGTON (AP) - Average rates on long-term mortgages continue to fall to new record lows, as the key 30-year loan dropped below 3% for the first time in 50 years. The ...
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US retail sales jump 7.5% in June, but economy still ailsJul 16, 2020 7:00 am - BALTIMORE (AP) - U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragge...
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Latin America faces 'lost decade' from coronavirus GDP dropJul 16, 2020 7:00 am - MEXICO CITY (AP) - The Economic Commission for Latin America and the Caribbean said Wednesday the region's per-capita gross domestic product is likely to drop by 9.1% in...
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Rising coronavirus infections threaten US economic recoveryJul 16, 2020 7:00 am - BALTIMORE (AP) - Rising coronavirus infections across dozens of states are threatening the U.S. economic recovery, forcing businesses and consumers to freeze spending an...
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No injuries after explosion rocks NW Indiana steel millJul 16, 2020 7:00 am - BURNS HARBOR, Ind. (AP) - A fiery explosion that rocked a northwestern Indiana steel mill early Thursday was caused by equipment failure at one of the plant's blast furn...
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Ax-wielding man attacks Greek tax office staff, 3 badly hurtJul 16, 2020 7:00 am - THESSALONIKI, Greece (AP) - A man wielding an ax and shouting 'œthis is what you deserve'ť attacked employees at a tax office in northern Greece on Thursday, leaving thr...
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Bank of America sees recessionary impacts 'deep into 2022'Jul 16, 2020 7:00 am - NEW YORK (AP) - Bank of America's second-quarter profits were sawed in half and the consumer banking giant set aside billions of dollars to cover potentially bad loans c...
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China becomes first economy to grow since virus pandemicJul 16, 2020 7:00 am - BEIJING (AP) - China became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest qu...
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Grains higher,livestock higher.Jul 16, 2020 7:00 am - \CHICAGO (AP) - Grain futures were higher on Thursday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery gained 12.60 cents at $5.4320 a bushel; Se...