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Economy

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NEW YORK — On this year's Black Friday, things almost seem normal.

NEW YORK — Stocks fell sharply Friday as a new highly transmissible coronavirus variant from South Africa appeared to be spreading across the globe, threatening months of progress at getting the pandemic under control.

NEW YORK — Stocks fell sharply Friday as a new highly transmissible coronavirus variant from South Africa appeared to be spreading across the globe, threatening months of progress at getting the pandemic under control.

NEW YORK — Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with bigger crowds than last year in a closer step toward normalcy.

NEW YORK — Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with bigger crowds than last year in a closer step toward normalcy.

NEW YORK — Buoyed by solid hiring, healthy pay gains and substantial savings, shoppers are returning to stores and splurging on all types of items.

NEW YORK — Buoyed by solid hiring, healthy pay gains and substantial savings, shoppers are returning to stores and splurging on all types of items.

LATEST

Consumer Spending Rebounds in October, Inflation Elevated

WASHINGTON — US consumer spending rebounded in October, rising by a a solid 1,3% despite rising inflation that over the past year has reached the fastest pace in more than three decades.

WASHINGTON — US consumer spending rebounded in October, rising by a a solid 1,3% despite rising inflation that over the past year has reached the fastest pace in more than three decades.

US Jobless Claims Hit 52-Year Low after Seasonal Adjustments

WASHINGTON — The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the US job market is rebounding rapidly from last year's coronavirus recession.

WASHINGTON — The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the US job market is rebounding rapidly from last year's coronavirus recession.

Many Εnvironmentalists Βack Biden’s Μove to Τap Οil Reserve

WASHINGTON — Democrats and climate activists generally supported President Joe Biden's decision to release a record 50 million barrels of oil from America's strategic reserve, even as the move appeared to contradict his long-term vision of combating climate change.

WASHINGTON — Democrats and climate activists generally supported President Joe Biden's decision to release a record 50 million barrels of oil from America's strategic reserve, even as the move appeared to contradict his long-term vision of combating climate change.

U.S. Jobless Claims Drop Seventh Straight Week to 268,000

WASHINGTON — The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000.

WASHINGTON — The number of Americans applying for unemployment benefits fell for the seventh straight week to a pandemic low of 268,000.

Biden Pushes Electric Vehicle Chargers as Energy Costs Spike

WASHINGTON — President Joe Biden is highlighting billions of dollars in his giant bipartisan infrastructure deal to pay for the installation of electric vehicle chargers across the country, an investment he says will go a long way to curbing planet-warming carbon emissions while creating good-paying jobs.

WASHINGTON — President Joe Biden is highlighting billions of dollars in his giant bipartisan infrastructure deal to pay for the installation of electric vehicle chargers across the country, an investment he says will go a long way to curbing planet-warming carbon emissions while creating good-paying jobs.

Yellen Extends to Dec. 15 Date for Potential Debt Default

WASHINGTON — Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation's first-ever default soon after Dec.

WASHINGTON — Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation's first-ever default soon after Dec.

Americans Ramped Up Retail Spending a Strong 1.7% Last Month

WASHINGTON — Americans largely shrugged off higher prices last month and stepped up their spending at retail stores and online, providing a boost to the economy.

WASHINGTON — Americans largely shrugged off higher prices last month and stepped up their spending at retail stores and online, providing a boost to the economy.

Key Reason for Supply Shortages: Americans Keep Spending

DETROIT — Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you'll find a root cause of the shortages of just about everything.

DETROIT — Take a step back from the picked-over store shelves, the stalled container ships and the empty auto showrooms, and you'll find a root cause of the shortages of just about everything.

For 2nd Straight Month, Americans Quit Jobs at a Record Pace

WASHINGTON — Americans quit their jobs at a record pace for the second straight month in September, in many cases for more money elsewhere as companies bump up pay to fill job openings that are close to an all-time high.

WASHINGTON — Americans quit their jobs at a record pace for the second straight month in September, in many cases for more money elsewhere as companies bump up pay to fill job openings that are close to an all-time high.

AP Explains: Why US Inflation Is so High, and When It May Ease

WASHINGTON — Inflation is starting to look like that unexpected — and unwanted — houseguest who just won't leave.

WASHINGTON — Inflation is starting to look like that unexpected — and unwanted — houseguest who just won't leave.

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