Economy
Tag: Economy
Georgians vote in hotly contested parliamentary elections
TBILISI, Georgia (AP) — Voters in Georgia cast ballots Saturday in a parliamentary election hotly contested between the governing party, founded by a billionaire,...
Expect a lot more of the same if Trump wins a second term
Expect to see a lot more of the same if there's a second Trump administration.
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Biden looks to restore, expand Obama administration policies
Stop and reverse. Restore and expand.
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Nearly 3 months after vote, Belarus protests still go strong
KYIV, Ukraine (AP) — Nearly three months after Belarus' authoritarian president's re-election to a sixth term in a vote widely seen as rigged, demonstrators...
Chinese manufacturing expands in October but at slower pace
BEIJING (AP) — China’s manufacturing activity expanded in October for the eighth straight month, though at a slightly slower rate than in September, the...
Trump pitches ‘back to normal’ as Biden warns of tough days
WATERFORD TOWNSHIP, Mich. (AP) — President Donald Trump dangled a promise to get a weary, fearful nation “back to normal” on Friday as he...
California unemployment chief to retire amid claims backlog
SACRAMENTO, Calif. (AP) — The director of California's unemployment benefits department said Friday she will retire at the end of the year following an...
Mexico’s economy grows in 3Q, but still well below last year
MEXICO CITY (AP) — Mexico’s estimated gross domestic product in the third quarter of the year was 8.6% below that for the same July...
Tech losses drive Wall Street down again, ending grim week
Wall Street closed out another punishing week Friday with the S&P 500 posting its first back-to-back monthly loss since the pandemic first gripped the...
Puerto Rico debt restructuring hits snag in public clash
SAN JUAN, Puerto Rico (AP) — A plan to pull Puerto Rico out of a type of bankruptcy by 2021 hit a major obstacle...
Losses mount for oil companies as pandemic grips economy
NEW YORK (AP) — Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtailed travel and crippled global economic activity.
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US consumer spending rose a moderate 1.4% in September
WASHINGTON (AP) — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late...
Eurozone growth soars record 12.7% but fears grow for winter
FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns,...
Most Canadians hope for Trump defeat after insults, attacks
TORONTO (AP) — Donald Trump called Prime Minister Justin Trudeau “weak” and “dishonest” and attacked Canada's vital trade. He threatened tariffs on cars and...
US wages and benefits grow at sluggish pace amid pandemic
WASHINGTON (AP) — Wages and benefits for U.S. workers grew slowly this summer as employers sought to hold the line on pay gains in...
Global travel and tourism projected to shed 174 million jobs
LONDON (AP) — The global travel and tourism industry is on course to lose 174 million jobs this year if current restrictions to curb...
Chinese promise market opening amid technology push
BEIJING (AP) — China will promote “technological self-reliance” under the ruling Communist Party’s latest five-year plan but will open further to trade, officials said...
China’s leaders vow to become self-reliant technology power
BEIJING (AP) — China’s leaders are vowing to make their country a self-reliant “technology power” as a feud with Washington cuts access to U.S....
Asian shares fall back after Wall Street rebound
BEIJING (AP) — Asian stocks sank Friday as investors looked ahead to next week's U.S. presidential election and weighed the chances of economic stimulus...
Trump fights headwinds as he and Biden battle over Florida
TAMPA, Fla. (AP) — Pressing against stiff headwinds from the pandemic, President Donald Trump steered toward what he hoped was safer political ground with...
Tech giants report strong results, but murky outlooks
Five technology giants reported strong earnings but mixed outlooks Thursday, a sign of varying fortunes as they work to rebound from a pandemic-related economic...
Surge in virus threatens to reverse global economic rebounds
WASHINGTON (AP) — The resurgence of coronavirus cases engulfing the United States and Europe is imperiling economic recoveries on both sides of the Atlantic...
Pelosi wants ‘big’ health care, infrastructure push in 2021
WASHINGTON (AP) — House Speaker Nancy Pelosi is preparing a 2021 legislative agenda with two “great, big initiatives” — expanding health care access and...
IMF blames resurgent coronavirus for UK growth downgrades
LONDON (AP) — The International Monetary Fund has downgraded its growth forecasts for the British economy for this year and next, following an acceleration...
US long-term mortgage rates flat this week; 30-year at 2.81%
WASHINGTON (AP) — U.S. long-term mortgage rates were little changed this week after marking a new all-time low last week.
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Wall Street soared under Trump, but it’s been a rocky ride
NEW YORK (AP) — The last four years have been good for stocks, with the S&P 500 climbing more than 50% and many 401(k)...
European Central Bank: Just wait until December
FRANKFURT, Germany (AP) — The European Central Bank held off from strengthening its current economic stimulus but its President Christine Lagarde said there was...
Ad exec feeds downtrodden Venezuelans from his bicycle seat
CARACAS, Venezuela (AP) — Andrés Burgos’ world was becoming increasingly solitary. The office of his advertising firm was practically empty, thanks to Venezuela’s crushing...
Pending home sales cool in September, down 2.2%
CHARLOTTE, N.C. (AP) — The pending sales of existing homes fell 2.2% in September, the National Association of Realtors said Thursday, the first monthly...
Jobless claims fall to 751,000, but new infections a threat
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week to 751,000, the lowest since March, but it's still historically high...
Trump paints apocalyptic portrait of life in US under Biden
WASHINGTON (AP) — The suburbs wouldn't be the suburbs anymore, the economy would sink into its worst depression ever and police departments would cease...
German unemployment drops unexpectedly in October
BERLIN (AP) — Unemployment in Germany fell unexpectedly in October, according to statistics released Thursday, suggesting that Europe's largest economy was beginning to shake...
Pompeo, in Indonesia, renews China attacks as US vote looms
JAKARTA, Indonesia (AP) — U.S. Secretary of State Mike Pompeo renewed the Trump administration’s rhetorical onslaught against China in Indonesia on Thursday as the...
Asian shares lower, US futures up after S&P 500 sinks 3.5%
Asian shares declined Thursday and U.S. futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June.
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Visa 4Q profits plunge as pandemic slows payments worldwide
CHARLOTTE, N.C. (AP) — Visa Inc. said Wednesday that its fiscal fourth quarter profits dropped 29% due to fewer dollars crossing on its namesake...
Venezuelan president: Key oil refinery attacked; 2 detained
CARACAS, Venezuela (AP) — Venezuelan President Nicolás Maduro said Wednesday that a large oil refinery suffered a “terrorist attack” as his government struggles to...
France, Germany impose new lockdowns to curb virus spread
BERLIN (AP) — France announced a full nationwide lockdown for the second time this year and German officials imposed a partial four-week lockdown Wednesday,...
Pompeo says AES of US, PetroVietnam to sign $2.8B LNG deal
HANOI (AP) — The U.S. energy firm AES and PetroVietnam plan to soon sign an agreement on a $2.8 billion liquefied natural gas project,...
UK vaccine chief warns of over-optimism, early imperfection
LONDON (AP) — Warning that the first COVID-19 vaccines may be imperfect, the head of the U.K effort to develop a vaccine called Wednesday...
Black men’s votes courted as some search for political home
NEW YORK (AP) — For Phillip Agnew, engaging Black male voters ahead of the general election isn’t just about persuading them to choose former...
South Africa’s president in quarantine as virus cases rise
JOHANNESBURG (AP) — South African president Cyril Ramaphosa has announced he has gone into quarantine after coming into contact with a dinner guest who...
Biden vows to unify and save country; Trump hits Midwest
WARM SPRINGS, Ga. (AP) — Joe Biden traveled Tuesday to the hot springs town where Franklin Delano Roosevelt coped with polio to declare the...
Asian stocks fall on worries over rising virus cases, US aid
TOKYO (AP) — Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy....
Mexican president pledges to ban outsourcing of jobs
MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador proposed Tuesday a blanket ban on sub-contracting or outsourcing of jobs by private companies,...
Insider Q&A: Google’s Annie Jean-Baptiste on inclusion
OAKLAND, Calif. (AP) — As the head of product inclusion at Google, Annie Jean-Baptiste works to help ensure that the company’s products -- from...
Eager for change, Chile faces long road to new constitution
SANTIAGO, Chile (AP) — The fireworks and street celebrations are over in Chile, and now many months of hard work and uncertainty loom for...
Consumer confidence dips to 100.9 as virus spreads in US
SILVER SPRING, Md. (AP) — U.S. consumer confidence dipped slightly in October as a new wave of coronavirus cases appeared across the country.
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September factory orders up 1.9%, economists see risks ahead
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business...
S&P CoreLogic Case-Shiller: US home prices up 5.2% in August
WASHINGTON (AP) — U.S. home prices posted a robust gain in August — another sign that the American housing market remains strong despite economic...
As pandemic depresses demand, Caterpillar muscles through 3Q
Caterpillar’s sales fell 23% in the third quarter as the pandemic throttled demand for construction equipment and a trade war with China continues to...
Pompeo, Esper drive US anti-China message in India visit
NEW DELHI (AP) — U.S. Secretary of State Mike Pompeo and Defense chief Mark Esper stepped up the Trump administration’s anti-China message in India...
Spanish unemployment rises to 16.3% amid pandemic
MADRID (AP) — Spain says 355,000 more people were left unemployed in the third quarter, bringing the total jobless rate up to 16.3% from...
Asian shares slip after Wall St’s worst day in a month
Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in...
Dunkin’ shares hit all-time high after holding buyout talks
The Dunkin’ doughnuts and coffee chain has confirmed it's held talks to be taken private by a private equity firm, sending its shares rocketing...
Low expectations in Mexico as US election approaches
MEXICO CITY (AP) — A week before U.S. elections, expectations and attention are unusually low in a foreign country that may have more at...
Turkish lira drops to record low over US sanction threat
ANKARA, Turkey (AP) — The Turkish currency slid further Monday to an all-time low against the U.S. dollar after President Recep Tayyip Erdogan challenged...
Sept. new home sales fall 3.5%, after strong summer season
CHARLOTTE, N.C. (AP) — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce...
Post-Abe agenda: Suga says Japan to go carbon-free by 2050
TOKYO (AP) — Japan will achieve zero carbon emissions by 2050, Prime Minister Yoshihide Suga declared Monday, outlining an ambitious agenda as the country...
German business confidence slips after 5 months of rises
BERLIN (AP) — German business confidence has declined for the first time after five straight monthly increases as coronavirus infections rebound across Europe, a...
Chinese leaders focus on tech as they make 5-year plan
BEIJING (AP) — Chinese leaders met Monday to formulate an economic blueprint for the next five years that is expected to emphasize development of...
Wary of angering public, Iran has few ways to contain virus
DUBAI, United Arab Emirates (AP) — As coronavirus infections reached new heights in Iran this month, overwhelming its hospitals and driving up its death...
Asian shares little changed on uncertainty over US election
TOKYO (AP) — Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for...
Lee Kun-Hee, force behind Samsung’s rise, dies at 78
SEOUL, South Korea (AP) — Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer...
Lithuania holds parliamentary vote as pandemic hits jobs
VILNIUS, Lithuania (AP) — Lithuanians voted Sunday in a parliamentary runoff where the winner will have to tackle a growing health crisis and high...
Foreign students show less zeal for US since Trump took over
CHICAGO (AP) — On a recruiting trip to India’s tech hub of Bangalore, Alan Cramb, the president of a reputable Chicago university, answered questions...
Pompeo, Esper to push Trump’s anti-China message in India
WASHINGTON (AP) — Just a week before November's election, two of President Donald Trump's top national security aides will visit India for meetings focused...
US legislators complain to Trump on Mexico energy policy
MEXICO CITY (AP) — Standing in front of a reopened coal-fired power plant, Mexican President Andrés Manuel López Obrador on Saturday defiantly rejected complaints...
UK-US trade pact opposed with Trump, cows and pigs as props
LONDON (AP) — Demonstrators dressed as chickens, a cow and President Donald Trump gathered Saturday in London to protest a proposed U.S.-U.K. trade deal...
Virus, economy top concerns as Lithuanians vote in runoff
VILNIUS, Lithuania (AP) — The coronavirus pandemic is the main domestic issue as Lithuania holds a parliamentary runoff election Sunday, and the winner will...
The Latest: Trump calls ‘Borat’ star an unfunny ‘creep’
WASHINGTON (AP) — The Latest on the presidential campaign (all times local):
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Trump, Biden scrap on oil, virus with just over a week to go
PENSACOLA, Fla. (AP) — President Donald Trump and his allies fought for support in pivotal battleground states Friday after a debate performance that gave...
US stocks shake off a wobbly start and end mostly higher
U.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks.
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Biden calls for ‘transition’ from oil, GOP sees opening
Democrat Joe Biden's remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night...
Unemployment fraud concerns prompt action in California
SACRAMENTO, Calif. (AP) — At least 350,000 debit cards filled with money for unemployment benefits in California have been frozen because of suspected fraud,...
Keeping your credit profile healthy during a pandemic
Credit may not be top of mind for many consumers these days. But as the pandemic and its associated economic woes drag on, they...
School districts face hard choices amid pandemic-era cuts
SCHENECTADY, N.Y. (AP) — The school year in this old industrial city started with a whack of a budget ax. Teachers, classroom aides and...
Japan, Britain sign free trade deal for post-Brexit era
TOKYO (AP) — Japan and Britain signed a bilateral free trade deal Friday in the the first such major post-Brexit deal, reducing tariffs on...
The Latest: Trump says he will vote in person
WASHINGTON (AP) — The Latest on the presidential campaign (all times local):
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AP Explains: Why are UK and EU still arguing over Brexit?
LONDON (AP) — It’s more than four years since Britain voted to leave the European Union, and almost a year since Prime Minister Boris...
Asian shares, US futures gain after last Trump-Biden debate
Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their...
China hopes for change if Biden wins, but little likely
BEIJING (AP) — Chinese leaders hope Washington will tone down conflicts over trade, technology and security if Joe Biden wins the Nov. 3 presidential...
California court says Uber, Lyft drivers are employees
SAN FRANCISCO (AP) — A California appeals court on Thursday upheld an order requiring Uber and Lyft to treat their California drivers as employees...
Goldman Sachs subsidiary pleads to US charges in 1MDB probe
WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption...
UK boosts business aid amid pressure to ease virus impact
LONDON (AP) — U.K. Treasury chief Rishi Sunak is increasing subsidies for bars, pubs and restaurants hammered by strict new measures to slow the...
US long-term mortgage rates hit new low; 30-year at 2.80%
WASHINGTON (AP) — U.S. long-term mortgage rates slipped this week as the key 30-year loan marked a new all-time low for the 11th time...
US jobless claims drop to 787,000, but layoffs remain high
WASHINGTON (AP) — The number of laid-off Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased...
US NATO allies still short on defense spending aims
BRUSSELS (AP) — U.S. allies in Europe and Canada have increased defense spending for a sixth consecutive year but most of them will still...
September existing home sales climb 9.4%, highest since ’06
CHARLOTTE, N.C. (AP) — Sales of existing homes climbed 9.4% in September, the National Association of Realtors said Thursday, the latest sign that the...
Final debate could thrust foreign policy back into campaign
As Joe Biden hopscotched through Iowa and New Hampshire in late 2019, he also name-dropped his way across the globe.
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Asian stocks follow Wall Street lower on lack of US aid plan
BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on...
Fed survey finds tepid growth as US economy battles pandemic
WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that the U.S. economy grew at a “slight to modest”...
Tesla posts net profit for fifth straight quarter
DETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter.
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Protesters in Colombia decry government pandemic response
BOGOTA, Colombia (AP) — Protesters filled a historic square in Colombia’s capital Wednesday to demonstrate against the government’s handling of a wide range of...
Trump the dancer? His moves to ‘YMCA’ at rallies are a hit
TUCSON, Ariz. (AP) — He adjusts his coat. He gazes out at the crowd. And then he goes for it.
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UK-EU trade talks back on after bloc offers olive branch
BRUSSELS (AP) — Britain and the European Union will resume their stalled trade negotiations at an “intensified” pace, the British government said Wednesday, in...
UK government borrowing hits record due to pandemic
LONDON (AP) — The COVID-19 pandemic is battering Britain’s public finances, pushing government borrowing to a record last month as tax revenue fell and...
ILO says garment industry should do more to help workers
MITO, Japan (AP) — The coronavirus pandemic has slammed the apparel industry, leaving many of the 65 million Asian garment factory workers struggling as...
Asian shares rise after Wall Street gains on solid earnings
TOKYO (AP) — Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports...
Older workers face higher unemployment amid virus pandemic
For the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a study released Tuesday by...
Alaska Senate candidate hopes to ride Democratic wave
JUNEAU, Alaska (AP) — Al Gross commands a fishing boat as a narrator describes him prospecting for gold and killing a grizzly bear in...
