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WASHINGTON (AP) — More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.In the week ending July 4, the advance figure for seasonally adjusted initial claims was 1,314,000, a decrease of 99,000 from the previous week’s revised level, the U.S. Department of Labor said Thursday.The persistently elevated level of layoffs is occurring as a spike in virus cases has forced six states to reverse their move to reopen businesses.Those six — Arizona, California, Colorado, Florida, Michigan and Texas — make up one-third of the U.S. economy. Fifteen other states have suspended their reopenings.Collectively, the pullback has stalled a tentative recovery in the job market and is likely triggering additional layoffs.A resurgence of confirmed viral cases is threatening to derail what had looked like the start of an economic recovery. The economy and the job market may struggle to sustain any gains amid the surge in new reported infections.The jobs report comes after the U.S. surpassed 3 million COVID-19 cases this week, according to an ongoing tally by Johns Hopkins University. America continues to lead the world in confirmed cases. 1287

WASHINGTON (AP) — Joe Biden says he has begun receiving intelligence briefings and warns that Russia, China and other adversaries are attempting to undermine the upcoming U.S. election in November.The presumptive Democratic presidential nominee wasn’t specific and offered no evidence while addressing a virtual fundraiser Friday.However, in the process, he confirmed receiving classified briefings after suggesting as recently as late last month that he wasn’t getting them.Biden received intelligence briefings while vice president but told reporters he wasn’t getting them as of June 30.Classified briefings are traditionally provided to major-party nominees once they win the primary, but Biden won’t formally become the nominee until the party’s convention next month. 781

WASHINGTON (AP) — Pfizer and BioNTech will supply the U.S. with an additional 100 million doses of the COVID-19 vaccine under a new agreement.The drugmakers said Wednesday that they expect to deliver all the doses by July 31. Pfizer already has a contract to supply the government with 100 million doses of its vaccine.Watch officials with Operation Warp Speed discuss vaccine distribution:Pfizer’s vaccine was the first to gain approval from the Food and Drug Administration and initial shipments went to states last week.It has now been joined by a vaccine from Moderna, which was developed in closer cooperation with scientists from the National Institutes of Health.A law dating back to the Korean War gives the government authority to direct private companies to produce critical goods in times of national emergency. Called the Defense Production Act, it’s expected to be invoked to help Pfizer secure some raw materials needed for its vaccine.Pfizer already has a contract to supply the government with 100 million doses of its vaccine under Operation Warp Speed, but government officials have said it’s more of an arms-length relationship with the company and they don’t have as much visibility into its operations. 1231

VIRGINIA BEACH, Va. - As COVID-19 continues to wreak havoc on nearly all facets of life – your emergency fund is more important than ever."The industry standard is three to six months of living expenses in some kind of reserve," said Phil Maliniak, Financial Advisor with Wealth Avenue in Virginia Beach.Maliniak says putting together a nest egg is easy."It starts with understanding what you are doing each month a clear vision of where does my money go," he said.He says to start by paying yourself first – then run down a list of all your monthly expenses – and see what surplus is left."Make a checklist of each month, where does it all go, and how do I get my hands on the difference," he stated.To build a surplus, Maliniak says look at things you can ditch. Daily cups of coffee, donuts, streaming services, online shopping, etc. He says then look for incentives."There are little tricks bank accounts and credit card companies have come out with as they pay you every time you buy something or there are cashback options," he said.Another tip, since the virus is limiting what we all can do – stash away the extra income you would have used to go to restaurants, movie theaters, bars, concerts, or sporting events. He says also considers refinancing your loans since the Federal Reserve has slashed interest rates."If you create a reserve, you can create your own bank, and then you can borrow from your bank anytime and determine your own rates," he said.This story was first reported by Chelsea Donovan at WTKR in Norfolk, Virginia. 1550

WASHINGTON (AP) — Federal officials are outlining new rules that will let operators fly small drones over people and at night. Most drones will need to be equipped with remote identification that can be tracked by law enforcement officials. The final rules announced Monday by the Federal Aviation Administration could boost the commercial use of drones, which has been slowed by regulatory hurdles. UPS, Amazon.com, and Google parent Alphabet are among many companies exploring the potential for making deliveries to consumers with drones.“These final rules carefully address safety, security and privacy concerns while advancing opportunities for innovation and utilization of drone technology,” said U.S. Secretary of Transportation Elaine L. Chao.The FAA issued the following three operational requirements:1. Operate a standard Remote ID drone that broadcasts identification and location information of the drone and control station;2. Operate a drone with a Remote ID broadcast module (may be a separate device attached to the drone), which broadcasts identification, location, and take-off information; or3. Operate a drone without Remote ID but at specific FAA-recognized identification areas.According to the FAA, the Remote ID will help mitigate risks associated with expanded drone operations, such as flights over people and at night, and both rules support technological and operational innovation and advancements. 1436