Economic growth

Dow drops over 1,000 as outbreak threatens global economy

The Dow Jones Industrial Average slumped more than 1,000 points Monday in the worst day for the stock market in two year...
23:31 24 February 2022

UK inflation jumps higher, reducing likelihood of rate cut

LONDON (AP) — Consumer price inflation in Britain jumped higher in January, official figures showed Wednesday, undermini...
10:36 19 February 2022

US stocks post small gains, major indexes up for the week

Stocks are closing slightly higher on Wall Street Friday, as technology shares rise along with lower-risk sectors. The major stock indexes finished wi...
21:18 14 February 2022

US retail sales up a modest 0.3% in January

WASHINGTON — U.S. retail sales rose a modest 0.3% in January, a slight improvement over December, as unseasonably warm weather boosted sales at hardwa...
15:14 14 February 2022

Australian bank official says virus is an economic unknown

CANBERRA, Australia — Australia's deadly wildfires will have no impact on the nation's economic growth this year but the impact of a new virus is stil...
6:33 5 February 2022

AP FACT CHECK: Trump’s exaggerated ‘great American comeback’

WASHINGTON — The "great American comeback” President Donald Trump claimed in his State of the Union speech drew on falsehoods about U.S. energy suprem...
4:54 5 February 2022

India projects rosy economic growth next year after slump

NEW DELHI — India’s government projects the economy will grow up to 6.5% in the next fiscal year, starting in April, and hopes to follow China's examp...
11:01 31 January 2022

US economy grew modestly last quarter against a hazy outlook

WASHINGTON — The U.S. economy expanded at a moderate 2.1% annual rate in the final three months of 2019, capping a year when a weak global landscape a...
17:32 30 January 2022

World shares mostly higher after rebound on Wall Street

Shares advanced in most European and Asian markets on Wednesday after a rebound on Wall Street reversed most losses from a sell-off the day before.
9:57 29 January 2022

Asian shares mostly higher after rebound on Wall Street

Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before.
4:46 29 January 2022

In grinding manufacturing slump, 3M cuts another 1,500 jobs

A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of layoffs at 3M, the Minnesota c...
18:34 28 January 2022

Easing trade tensions bode well for emerging market stocks

LOS ANGELES — Several factors are pointing to a possible rebound in emerging market stocks this year.
20:02 23 January 2022

Trump suggests he may be open to entitlement cuts in future

WASHINGTON — President Donald Trump appeared to suggest in a television interview Wednesday that he’s willing to consider entitlement cuts in the futu...
21:06 22 January 2022

IMF downgrade of growth outlook ups pressure on India’s Modi

NEW DELHI — A decision by the International Monetary Fund to downgrade its economic growth forecast for India is adding to pressure on Indian Prime Mi...
10:28 21 January 2022

IMF: Low rates and reduced trade tension to aid world growth

WASHINGTON — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if mode...
13:24 20 January 2022

Rising inequality eroding trust in capitalism - survey

DAVOS, Switzerland — Rising income inequality is undermining confidence in capitalism around the world, according to a survey conducted by public rela...
9:14 20 January 2022

Global stocks inspired by US rally, hopes for Chinese growth

Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Wa...
12:53 17 January 2022

Banks post big profits, but lower interest rates are a worry

NEW YORK — So far, it appears 2019 was another record year for Wall Street.
18:50 14 January 2022

US consumer spending up 0.4% in November, best since July

WASHINGTON — Americans increased their spending in November at the fastest pace in four months, and income growth rebounded to its strongest gain sinc...
15:52 20 December 2021

China’s Alibaba, JD report booming Singles Day sales

BEIJING — Chinese e-commerce giants Alibaba and reported a total of more than $55 billion in sales Monday midway through Singles Day, an annual...
9:15 11 November 2021

Eurozone forecast for long period of weak economic growth

LONDON — The European Union's executive branch has cut its growth forecasts for the 19-country eurozone for this year and next and warned that conditi...
10:56 7 November 2021

Global stocks turn higher as China says tariff war may ease

BANGKOK — Global stocks are mostly higher after a Chinese Commerce Ministry official said Beijing and Washington had agreed to gradually ease tariffs ...
9:38 7 November 2021

China’s economy struggles as consumers tighten belts

BEIJING — With home sales crashing, real estate agent Zhang Yonggang is tightening his belt, part of a plunge in Chinese consumer demand that is a big...
3:15 1 November 2021

Global stocks mixed after Wall Street rises on Fed rate cut

BEIJING — Global stock markets were mixed Thursday after the Federal Reserve cut a key U.S. interest rate and Chinese factory activity contracted.
9:55 31 October 2021

The Latest: Powell says Fed working on inflation policy

WASHINGTON — The Latest on the Federal Reserve's monetary policy meeting (all times local):
19:07 30 October 2021

Stocks set another record. The champagne’s still corked.

NEW YORK — U.S. stocks are back at a record. Don't feel excited? Neither does Wall Street.
21:30 28 October 2021

Stocks eke out gains after a mixed set of earnings reports

U.S. stock indexes eked out tiny gains Wednesday following a wobbly day of trading as investors reviewed another set of mixed quarterly report cards f...
21:05 23 October 2021

Slowing global growthrowth hits Caterpillar in 3Q

NEW YORK — A slowing global economy is taking a toll on Caterpillar, which cut its outlook for the year Wednesday after profits and revenue slid in th...
14:30 23 October 2021