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Dec. 5, 2020

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FILE - In this Nov. 23, 2020 file photo, a street sign is displayed at the New York Stock Exchange in New York. Stocks are falling in the early going on Wall Street as traders return from the Thanksgiving holiday, but major indexes are still on track for hefty monthly gains. The S&P 500 slipped 0.3% shortly after the opening bell Monday, Nov. 30 weighed down by losses in energy companies and banks.

Strong start to December as S&P 500 index sets another high

FILE - In this Nov. 23, 2020 file photo, a street sign is displayed at the New York Stock Exchange in New York. Stocks are falling in the early going on Wall Street as traders return from the Thanksgiving holiday, but major indexes are still on track for hefty monthly gains. The S&P 500 slipped 0.3% shortly after the opening bell Monday, Nov. 30 weighed down by losses in energy companies and banks.

December 1, 2020, 1:20pm Business

Wall Street kicked off December with more milestones Tuesday after a broad rally for stocks pushed the S&P 500 and Nasdaq composite to new highs. Read story

A construction worker walks down a staircase in the scaffolding of TSX Broadway under construction, Thursday, Oct. 29, 2020, in New York's, Times Square. The 46-story mixed-use property will house 75,000 square feet of retail space, a 4,000-square-foot performance venue including an outdoor stage, an outdoor food and beverage terrace and a luxury hotel. U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon.

U.S. construction spending jumps 1.3% in October

A construction worker walks down a staircase in the scaffolding of TSX Broadway under construction, Thursday, Oct. 29, 2020, in New York's, Times Square. The 46-story mixed-use property will house 75,000 square feet of retail space, a 4,000-square-foot performance venue including an outdoor stage, an outdoor food and beverage terrace and a luxury hotel. U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon.

December 1, 2020, 10:39am Business

SILVER SPRING, Md. (AP) — U.S. construction spending jumped 1.3% in October, again on the strength of single-family home building. Read story

People wearing face masks to protect against the spread of the coronavirus walk through China Town in Yokohama, Kanagawa prefecture, near Tokyo, Tuesday, Dec. 1, 2020.

Glimmers of hope for world economy, but dangers lurk

People wearing face masks to protect against the spread of the coronavirus walk through China Town in Yokohama, Kanagawa prefecture, near Tokyo, Tuesday, Dec. 1, 2020.

December 1, 2020, 10:30am Business

PARIS — Vendors broke out in applause in the flagship Galeries Lafayette department store in Paris as eager shoppers returned for the first time in a month, after yet another virus lockdown. Read story

Treasury Secretary Steven Mnuchin testifies during a Senate Banking Committee hearing on 'The Quarterly CARES Act Report to Congress' on Capitol Hill in Washington, Tuesday, Dec. 1, 2020.

Mnuchin defends shut down of Fed emergency loan programs

Treasury Secretary Steven Mnuchin testifies during a Senate Banking Committee hearing on 'The Quarterly CARES Act Report to Congress' on Capitol Hill in Washington, Tuesday, Dec. 1, 2020.

December 1, 2020, 10:20am Business

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a time when coronavirus cases are surging. Read story

Bridgeport Village threatens to terminate lease of Regal Cinemas, its largest tenant, for unpaid rent

December 1, 2020, 8:24am Business

The wave of defaults, foreclosures and evictions caused by the COVID-era recession has spread to the region’s toniest shopping mall. Read story

New solar project to power 11K homes in Washington

December 1, 2020, 8:17am Business

SEATTLE — A public utility company in Washington state has announced a partnership to develop a new solar project near Richland that would generate enough electricity for more than 11,000 homes, officials said. Read story

New Washington business coalition sets $2 billion goal for racial equity initiative

December 1, 2020, 8:16am Business

As the uprising spurred by George Floyd’s killing continues to reverberate, a new coalition of Washington business and philanthropy leaders says it aims to spend $2 billion over the next five years to advance racial equity. Read story

No increase in average cost of Washington workers’ compensation insurance in 2021

December 1, 2020, 8:15am Business

The state Department of Labor & Industries (L&I) said Monday there will be no increase for the average workers’ compensation premium rate in 2021 “even though our projections for next year’s claims indicate rate increases are needed.” Read story

Cargill will argue in front of Supreme Court in child labor case

December 1, 2020, 8:15am Business

The U.S. Supreme Court on Tuesday will hear arguments by Cargill Inc. and Nestle requesting an end to a 15-year-old lawsuit that alleges the corporations abetted child slave labor on cocoa farms in West Africa. Read story

FILE - In this June 24, 2019, file photo machines work on a Ford vehicle assembly line at Ford's Chicago Assembly Plant in Chicago.  American factories expanded at a faster pace last month, continuing a rebound from the coronavirus recession. The Institute for Supply Management, an association of purchasing managers, reported Tuesday, Sept. 1, 2020,  that its manufacturing index climbed to 56 in August from 54.2 in July.

U.S. factories grew more slowly last month; index dips to 57.5

FILE - In this June 24, 2019, file photo machines work on a Ford vehicle assembly line at Ford's Chicago Assembly Plant in Chicago.  American factories expanded at a faster pace last month, continuing a rebound from the coronavirus recession. The Institute for Supply Management, an association of purchasing managers, reported Tuesday, Sept. 1, 2020,  that its manufacturing index climbed to 56 in August from 54.2 in July.

December 1, 2020, 8:09am Business

WASHINGTON — American factories grew at a slower pace last month and there are concerns that surging coronavirus infections will endanger an economic recovery. Read story