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July 24, 2021

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FILE - In this May 5, 2021, file photo, Vice President Kamala Harris, left, and Commerce Secretary Gina Raimondo participate in a roundtable with women-led small business owners in Providence, R.I. President Joe Biden's administration says it is making $3 billion in economic development grants available to communities. Raimondo tells The Associated Press her agency will begin accepting applications for the competitive grants, which officials hope will create hundreds of thousands of jobs.

Biden admin stepping up community grants from COVID bill

FILE - In this May 5, 2021, file photo, Vice President Kamala Harris, left, and Commerce Secretary Gina Raimondo participate in a roundtable with women-led small business owners in Providence, R.I. President Joe Biden's administration says it is making $3 billion in economic development grants available to communities. Raimondo tells The Associated Press her agency will begin accepting applications for the competitive grants, which officials hope will create hundreds of thousands of jobs.

July 22, 2021, 11:50am Business

WASHINGTON (AP) — President Joe Biden's administration is beginning to make $3 billion in economic development grants available to communities — a tenfold increase in the program paid for by this year's COVID-19 relief bill. Read story

Alaska Air climbs out of the red thanks to improving travel and federal aid

July 22, 2021, 11:27am Business

After five quarters of red ink as air travel was battered by the COVID-19 pandemic, Alaska Air Group reported a quarterly profit Thursday — but the turnabout comes with an asterisk, because without federal payroll support the Seattle-based airline company would still have lost some money. Read story

A real estate sign is posted in front of a newly constructed single family home, Thursday, June 24, 2021 in Auburn, N.H.  U.S. home prices soared in April at the fastest pace since 2005 as Americans bid up prices on a limited supply of available properties.

Existing US home sales up in June; prices reach new heights

A real estate sign is posted in front of a newly constructed single family home, Thursday, June 24, 2021 in Auburn, N.H.  U.S. home prices soared in April at the fastest pace since 2005 as Americans bid up prices on a limited supply of available properties.

July 22, 2021, 9:07am Business

Sales of previously occupied U.S. homes rose in June, snapping a four-month losing streak, while strong demand for higher-end properties and ultra-low mortgage rates helped push prices to new highs. Read story

Residents wait on line to receive shots of the AstraZeneca COVID-19 vaccine at the Central Vaccination Center in Bangkok, Thailand, Thursday, July 22, 2021.

Death rates soar in Southeast Asia as virus wave spreads

Residents wait on line to receive shots of the AstraZeneca COVID-19 vaccine at the Central Vaccination Center in Bangkok, Thailand, Thursday, July 22, 2021.

July 22, 2021, 9:05am Business

KUALA LUMPUR, Malaysia — Indonesia has converted nearly its entire oxygen production to medical use just to meet the demand from COVID-19 patients struggling to breathe. Overflowing hospitals in Malaysia had to resort to treating patients on the floor. And in Myanmar’s largest city, graveyard workers have been laboring day… Read story

A hiring sign hangs in the window of a Taco Bell in Sacramento, Calif., Thursday, July 15, 2021. Hiring in California slowed down in June as the unemployment rate held steady at 7.7% according to new numbers released on Friday, July 16, 2021 by the Employment Development Department. California gained 73,000 jobs in June, ending the state's streak of four consecutive months of adding 100,000 jobs or more.

U.S. jobless claims rise to 419,000 from a pandemic low

A hiring sign hangs in the window of a Taco Bell in Sacramento, Calif., Thursday, July 15, 2021. Hiring in California slowed down in June as the unemployment rate held steady at 7.7% according to new numbers released on Friday, July 16, 2021 by the Employment Development Department. California gained 73,000 jobs in June, ending the state's streak of four consecutive months of adding 100,000 jobs or more.

July 22, 2021, 9:05am Business

WASHINGTON — The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy. Read story

A blue sticker with the Amazon logo is displayed on a buzzer system in the apartment building of Jason Goldberg, chief commerce strategy officer at marketing company Publicis Communications, Monday, March 29, 2021, in Chicago. Amazon is making a push to install a device on buzzer systems in apartment buildings throughout the country that allows its delivery drivers to whip out a phone, tap a button and unlock a building's front doors whenever they need to leave packages in the lobby instead of the street.

Amazon’s mission: Getting a ‘key’ to your apartment building

A blue sticker with the Amazon logo is displayed on a buzzer system in the apartment building of Jason Goldberg, chief commerce strategy officer at marketing company Publicis Communications, Monday, March 29, 2021, in Chicago. Amazon is making a push to install a device on buzzer systems in apartment buildings throughout the country that allows its delivery drivers to whip out a phone, tap a button and unlock a building's front doors whenever they need to leave packages in the lobby instead of the street.

July 22, 2021, 9:04am Business

NEW YORK — Amazon is tired of ringing doorbells. Read story

Heather Bise, owner of The House of Bise Bespoke, poses in the "Art" bedroom, Monday, July 19, 2021, in Cleveland. Small businesses in the U.S. that depend on tourism and vacationers say business is bouncing back, as people re-book postponed trips and take advantage of loosening restrictions, a positive sign for the businesses that have struggled for more than a year. Bise started in 2019 and catered to international tourists, attracting guests from New Zealand, Botswana, Eastern Europe and elsewhere.

Small businesses lifted by return of summer tourists

Heather Bise, owner of The House of Bise Bespoke, poses in the "Art" bedroom, Monday, July 19, 2021, in Cleveland. Small businesses in the U.S. that depend on tourism and vacationers say business is bouncing back, as people re-book postponed trips and take advantage of loosening restrictions, a positive sign for the businesses that have struggled for more than a year. Bise started in 2019 and catered to international tourists, attracting guests from New Zealand, Botswana, Eastern Europe and elsewhere.

July 22, 2021, 9:03am Business

Small businesses in the U.S. that depend on tourism and vacationers say business is bouncing back, as Americans rebook postponed trips and spend freely on food, entertainment and souvenirs. Read story

Specialist Michael Gagliano works at his post on the trading floor of the New York Stock Exchange, Tuesday, July 20, 2021. Stocks are opening higher on Wall Street Tuesday as investors shake off a rout a day earlier brought on by concerns about the spread of a more contagious variant of COVID-19.

Stocks climb on Wall Street as more company earnings roll in

Specialist Michael Gagliano works at his post on the trading floor of the New York Stock Exchange, Tuesday, July 20, 2021. Stocks are opening higher on Wall Street Tuesday as investors shake off a rout a day earlier brought on by concerns about the spread of a more contagious variant of COVID-19.

July 21, 2021, 1:15pm Business

Stocks closed higher again on Wall Street, extending their gains following a sharp drop at the beginning of the week. Read story

The US border entrance, normally busy, has almost all entries closed, on Wednesday, June 16, 2021.

U.S. extends border closure to Aug. 21 while Canada will allow in vaccinated Americans

The US border entrance, normally busy, has almost all entries closed, on Wednesday, June 16, 2021.

July 21, 2021, 9:30am Business

While Canadians began preparations to welcome vaccinated Americans back across the border, U.S. officials remained silent on when they might reciprocate. Read story

Jessica Pitts sits behind the wheel of a 2019 Lincoln MKC on the lot of Jack Demmer Lincoln in Dearborn, Mich., on Monday, July 19, 2021. Pitts bought the used car at the dealership.

A small victory: Used-car prices slip from dizzy heights

Jessica Pitts sits behind the wheel of a 2019 Lincoln MKC on the lot of Jack Demmer Lincoln in Dearborn, Mich., on Monday, July 19, 2021. Pitts bought the used car at the dealership.

July 21, 2021, 8:58am Business

DEARBORN, Mich. (AP) — For months, anyone who wandered onto a dealer lot to look for a used car could be forgiven for doing a double take — and then wandering right off the lot. Read story