Avie Schneider

Jaime Harrison is a former U.S. Senate candidate who lost to Republican Lindsey Graham in November, but not before shattering fundraising records. Now Harrison is the new chairman of the Democratic National Committee, selected by President Biden.

Clues may come soon as to what caused the crash Saturday of an Indonesian airliner with 62 people on board. Authorities said Sunday that they know the location of the so-called black boxes of the Boeing 737-500 that went down in the Java Sea shortly after taking off from Jakarta, the nation's capital.

Israel and Morocco have agreed to normalize relations, the fourth such pact in recent months between Israel and Arab countries in the Middle East and Africa.

In announcing the latest agreement on Thursday, President Trump tweeted: "Another HISTORIC breakthrough today! Our two GREAT friends Israel and the Kingdom of Morocco have agreed to full diplomatic relations – a massive breakthrough for peace in the Middle East!"

The Minneapolis City Council has voted to shift almost $8 million in police funding to expand other services, including violence prevention and mental health crisis response teams. But, in the face of a veto threat from the mayor, the council also voted to keep its police staffed at current levels, reversing earlier plans to cut officers from the force.

Updated at 8:07 p.m. ET

A company that started as a single air mattress for rent in a San Francisco apartment is now worth $100 billion.

Airbnb made its long-awaited stock market debut on Thursday and more than doubled its offering price.

From afar, it may have appeared as a peculiar time for a lodging company to go public, as the coronavirus continues to devastate the travel and hospitality industry. Wall Street, however, has a different story to tell.

Boeing's 737 Max is making a comeback after two crashes that killed a total of 346 people in late 2018 and early last year. Ireland's Ryanair, a major European carrier, has ordered 75 of the planes, which had been grounded since March 2019, the two companies announced on Thursday.

Here's a stunning stat: Women are leaving the workforce at four times the rate as men.

The burden of parenting and running a household while also working a job during the pandemic has created a pressure cooker environment in many households, and women are bearing the brunt of it.

Updated at 4:14 p.m. ET

The Dow Jones Industrial Average dropped 509 points Monday following a report that large global banks were involved in transactions flagged as possible money laundering.

And hopes for another relief measure from Congress flagged as lawmakers focused on the fight over a Supreme Court nomination following the death of Justice Ruth Bader Ginsburg.

Updated at 1:16 p.m. ET

Apple has hit $2 trillion in market value, the first publicly traded U.S. company to do so.

The iPhone maker first crossed the $1 trillion milestone just two years ago.

This week, Apple and a handful of other tech giants propelled the S&P 500 index to a new record. Apple's stock is up nearly 60% this year.

The U.S. stock market has come a long way in a short time.

The S&P 500 index closed at a record high Tuesday, nearly six months after coronavirus lockdowns that shut down much of the economy sent the markets plunging.

Updated at 11:34 a.m. ET

New claims for unemployment benefits rose last week for the first time in four months — since March 28 — as states began reimposing lockdown restrictions in an effort to reverse a surge of coronavirus cases.

More than 1.4 million new claims were filed during the week ending July 18, an increase of more than 100,000 over the week before, the Labor Department reported Thursday.

Updated at 12:45 p.m. ET

The dramatic collapse of the U.S. economy from the coronavirus is pummeling America's largest banks, raising new concerns about how much growth is slowing.

Updated at 10:21 a.m. ET

Another 1.5 million people filed for unemployment benefits for the first time last week, a decline of 58,000.

But the number who are continuing to seek the payments is continuing to fall as workers return to their jobs. The Labor Department said continued claims dipped by 62,000 to 20.5 million.

In the past 13 weeks, since the early days of the coronavirus crisis, new claims have totaled a staggering 45.7 million. New weekly filings peaked at nearly 6.9 million in March and have been dropping ever since.

Updated at 3:36 p.m. ET

The Justice Department is proposing legislation to curtail online platforms' legal protections for the content they carry.

The proposal comes nearly three weeks after President Trump signed an executive order to limit protections for social media companies after Twitter began adding fact checks to some of his tweets.

Updated at 4:05 p.m. ET

U.S. stock markets surged Tuesday after reports that retail sales rebounded strongly in May and that the Trump administration is preparing an infrastructure plan to boost the economy, which has been battered by the coronavirus crisis.

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