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Money & Markets

Amazon: Nearly 20,000 workers tested positive for COVID-19

NEW YORK — Amazon said Thursday that nearly 20,000 of its front-line U.S. workers have tested positive or been presumed positive for the virus that causes COVID-19. But the online retail behemoth, revealing the data for the first time, said that the infection rate of its employees was well ...

Pelosi and Mnuchin have ‘extensive’ talks on COVID relief

WASHINGTON — House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin held an “extensive conversation” Wednesday on a huge COVID-19 rescue package, meeting face to face for the first time in more than a month in a last-ditch effort to seal a tentative accord on an additional round ...

US judge orders stop to Postal Service cuts, echoing others

PHILADELPHIA — A federal judge in Philadelphia joined others Monday in ordering a halt to recent Postal Service cuts that critics say are causing mail delays and threatening the integrity of the presidential election. Six states and the District of Columbia presented “compelling ...

House Democrats unveil new $2.2T proposal for virus aid

WASHINGTON — House Democrats unveiled a scaled-back $2.2 trillion aid measure Monday in an attempt to boost long-stalled talks on COVID-19 relief, though there was no sign of progress in continuing negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin. The ...

COVID-19 danger continues to drive joblessness in US

WASHINGTON — The number of Americans applying for unemployment benefits fell last week to 860,000, a historically high number of people that illustrates the broad economic damage still taking place nine months after the first case of COVID-19 was detected in the U.S. The Labor Department ...

Fed sees rates near zero through 2023, perhaps longer

WASHINGTON — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers signaled Wednesday that their benchmark short-term interest rate will likely remain at zero at least through 2023 and possibly even longer. Fed chair Jerome Powell said at a ...