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Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for July delivery rose 90 cents to settle at $33.71 a barrel Thursday. Brent crude oil for July delivery rose 55 cents to $35.29 a barrel. Wholesale gasoline for June delivery rose 1 cent to $1 a gallon. June heating oil...

 

Slaughterhouses reopen but farmers still euthanizing pigs

DES MOINES, Iowa (AP) — Meatpacking plants that had to briefly close due to coronavirus outbreaks have been back up and running for weeks, but production backlogs are forcing farmers to euthanize thousands of hogs that can't be processed, drawing...

 

Trump takes aim at WHO as US economic outlook worsens

WASHINGTON (AP) — With new U.S. economic numbers highlighting the rough road ahead for a hoped-for rebound, President Donald Trump on Friday took aim at the World Health Organization and China, blaming both for their roles in the pandemic's...

 

Abbott reopens water parks, food courts, adult rec sports

AUSTIN, Texas (AP) — Texas Gov. Greg Abbott took another step Tuesday in his phased reopening of statewide activities after the coronavirus lockdown. The Republican governor issued a proclamation that allows the reopening of water parks and...

 

Fed report notes businesses less optimistic about economy

WASHINGTON (AP) — Businesses across the country surveyed by the Federal Reserve don't appear to share the Trump administration's optimism about a rapid economic recovery starting this summer. The Federal Reserve released a report Wednesday that...

 

Big Oil loses appeal, climate suits go to California courts

LOS ANGELES (AP) — Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by...

 

AP-NORC poll: Half of Americans would get a COVID-19 vaccine

Only about half of Americans say they would get a COVID-19 vaccine if the scientists working furiously to create one succeed, a number that's surprisingly low considering the effort going into the global race for a vaccine. But more people might...

 

Boeing cuts 12,000 jobs, resumes production of grounded jet

Boeing is cutting more than 12,000 U.S. jobs through layoffs and buyouts as the coronavirus pandemic seizes the travel industry. And the aircraft maker says more cuts are coming. Shortly after disclosing the job cuts, Boeing announced Wednesday that...

 

Holiday amid pandemic: Americans divided on how to respond

NEW YORK (AP) — President Donald Trump played golf at one of his courses Saturday during the Memorial Day weekend as he urged U.S. states to reopen after coronavirus-related lockdowns. Yet many Americans remained cautious as the number of...

 

Forced to adapt, businesses rethink how they make money

NEW YORK (AP) — Many business owners are changing the way they make money as they attempt to recoup revenue lost to the coronavirus outbreak. The changes can look subtle; for example, when owners of clothing stores decide to beef up their internet...

 

Global shares rise on hopes for economies' gradual reopening

TOKYO (AP) — Global shares rose Monday, with Europe tracking gains in Asia despite news that the German economy fell into recession in the first quarter of the year amid the coronavirus pandemic. France's CAC 40 gained 0.8% in early trading to...

 

Fed's Powell says economic forecasts filled with uncertainty

WASHINGTON (AP) — Efforts to forecast the U.S. economy's path to recovery from the current deep downturn face "a whole new level of uncertainty," Federal Reserve Chairman Jerome Powell said Thursday. Not only is there the difficulty predicting how...

 

First piece of disputed Keystone XL pipeline finished

BILLINGS, Mont. (AP) — A Canadian company has built the first piece of the disputed Keystone XL oil sands pipeline across the U.S. border and started work on labor camps in Montana and South Dakota. But it has not resolved a courtroom setback that...

 

Trump considering hosting G-7 summit in US after all

WASHINGTON (AP) — President Donald Trump said Wednesday that he's considering holding a meeting in the U.S. with the leaders of the world's major economies after all because it would be a "great sign to all" of things returning to normal during...

 

Largest yet: $1.3 billion contract for border wall awarded

PHOENIX (AP) — A North Dakota construction company favored by President Donald Trump has received the largest contract to date to build a section of Trump's signature wall along the U.S.-Mexico border. Republican U.S. Sen. Kevin Cramer of North Dak...

 

Iowa regulator praised Tyson for quick response to complaint

IOWA CITY, Iowa (AP) — A safety regulator praised Tyson Foods for providing a written response two days after learning of a complaint alleging the coronavirus was spreading at its plant in Perry, Iowa, where a major outbreak was later confirmed. Io...

 

US adds new sanction on Chinese tech giant Huawei

BOSTON (AP) — The U.S. government has imposed new restrictions on Chinese tech giant Huawei's ability to use American technology, stepping up a conflict with Beijing over industry development and security. Commerce Secretary Wilbur Ross said...

 

Oil, tourism, seafood -- all hit in Louisiana virus fight

NEW ORLEANS (AP) — Every Labor Day weekend, St. Mary Parish celebrates two industries at a tourist event with a seemingly improbable title: the Louisiana Shrimp and Petroleum Festival. With a shrimp in a hard hat clinging to an oil derrick as its...

 

US stocks rally on hopes for vaccine and economic recovery

The stock market bounced back from its worst week in nearly two months Monday as optimism about a potential vaccine for the coronavirus and hopes for a U.S. economic recovery in the second half of the year put investors in a buying mood. The S&P 500...

 

Officials release edited coronavirus reopening guidance

NEW YORK (AP) — U.S. health officials on Thursday released some of their long-delayed guidance that schools, businesses and other organizations can use as states reopen from coronavirus shutdowns. The Centers for Disease Control and Prevention...

 

US sends oil to Belarus, seeking to diversify from Russia

MINSK, Belarus (AP) — The United States has dispatched a shipment of oil to Belarus, which is seeking to diversify its supplies after a price dispute with Russia, the Belarusian government said Friday. The 80,000-ton shipment is expected to arrive...

 

Truckers honk over shipping rates, not 'in favor of' Trump

WASHINGTON (AP) — President Donald Trump says the sound of truck horns just south of the White House is a "sign of love" for him from truckers. But the truckers are actually honking their opposition to low shipping rates. "They're protesting in...

 

Democrats push $3T coronavirus relief bill toward House OK

WASHINGTON (AP) — House Democrats powered a massive $3 trillion coronavirus response bill toward passage Friday, a measure designed to prop up a U.S. economy in free fall and a health care system overwhelmed by a pandemic that's killed over 86,000...

 

US retail sales plunged a record 16% in April as virus hit

BALTIMORE (AP) — U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking economy. T...

 

Late slump on Wall Street leaves stock market broadly lower

An afternoon slump on Wall Street gained momentum in the last hour of trading, leaving stocks broadly lower and erasing some of the market's gains from last week. The S&P 500 lost 2.1% Tuesday. The weakness came as investors debate whether the...

 

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