Economy

AP VoteCast: Voters prioritize health care in South Carolina

WASHINGTON (AP) — Voters in Saturday’s Democratic presidential primary election in South Carolina called health care the...
22:30 28 February 2022

Fed Chair Powell pledges to use tools to support economy

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell sought to calm fears Friday over the viral outbreak by issuing ...
22:12 28 February 2022

Empty streets, economic turmoil as virus alters daily life

TOKYO (AP) — The coronavirus claimed its first victim in the U.S. Saturday as the number of cases shot up in Iran, Italy...
22:02 28 February 2022

US consumer spending slowed in January while incomes jumped

WASHINGTON (AP) — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy w...
13:54 28 February 2022

Global stocks fall again on fear of virus impact on economy

Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes...
12:50 28 February 2022

China manufacturing plunges in February amid virus controls

BEIJING (AP) — China’s manufacturing plunged in February by an even wider margin than expected after efforts to contain ...
4:33 28 February 2022

US mortgage rates decline; 30-year loan at 3.45%

WASHINGTON (AP) — U.S. long-term mortgage rates declined this week as growing concern over the economic impact of China’...
17:44 27 February 2022

US pending home sales climbed 5.2% in January

WASHINGTON (AP) — There was a 5.2% jump in Americans signing contracts to buy homes in January from the previous month a...
15:01 27 February 2022

US economy grew at 2.1% rate in Q4 but virus threat looms

WASHINGTON (AP) — The U.S. economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from the...
14:02 27 February 2022

An increasingly isolated Iran tries to control virus crisis

DUBAI, United Arab Emirates (AP) — Iran girded Wednesday for a long battle against the coronavirus that is spreading rap...
17:37 26 February 2022

Asian shares slide on fears virus will stunt global economy

TOKYO (AP) — Asian shares slid Wednesday following another sharp fall on Wall Street as fears spread that the growing vi...
3:54 26 February 2022

Trump, US officials send mixed messages on virus risk here

WASHINGTON (AP) — President Donald Trump and his top economic adviser said Tuesday that the new coronavirus is under con...
22:25 25 February 2022

EU approves tough negotiating mandate for UK trade talks

BRUSSELS (AP) — The European Union on Tuesday gave its chief negotiator Michel Barnier a robust negotiating mandate to g...
12:07 25 February 2022

China struggles to revive manufacturing amid virus outbreak

BEIJING (AP) — Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus ...
11:05 25 February 2022

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

Fed’s Mester says rate cut unnecessary to offset virus risks

WASHINGTON (AP) — A Federal Reserve official said Monday that she does not see a need to cut interest rates yet, even as...
22:30 24 February 2022

Disinfecting wipes, conference calls: Wall Street winners

NEW YORK (AP) — Stay indoors and stay clean. That’s what Wall Street is betting people around the world will do given al...
22:06 24 February 2022

AP FACT CHECK: Trump hypes India modernization, US economy

WASHINGTON (AP) — President Donald Trump overstated India’s progress in achieving universal access to electricity, skirt...
20:57 24 February 2022

Buffett says economy is slowing amid virus fears

OMAHA, Neb. (AP) — Billionaire Warren Buffett says the viral outbreak in China has slowed economic growth, but he remain...
16:30 24 February 2022

China promises companies aid, global virus cases rise

BEIJING (AP) — China’s government promised tax cuts and other aid Monday to help companies recover from its virus outbre...
11:55 24 February 2022

China’s Xi says epidemic ‘grim,’ calls for action on economy

BEIJING (AP) — Warning that China’s virus epidemic is “still grim and complex,” President Xi Jinping called Sunday for m...
15:18 23 February 2022

At Trump’s India rally, Modi bets on bolstering his image

AHMEDABAD, India (AP) — A festive mood has enveloped Ahmedabad in India’s northwestern state of Gujarat ahead of Prime M...
10:37 22 February 2022

World markets slip on renewed fears over virus outbreak

BEIJING (AP) — Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countrie...
12:05 21 February 2022

W.Va. gov says economy is rosy, but doubters not buying that

ELKVIEW, W.Va. (AP) — For years, West Virginia Gov. Jim Justice has told people they need only look at the lines at Dair...
16:11 20 February 2022

WH report says economy accelerated under Trump

WASHINGTON (AP) — A new White House report says the U.S. economy is growing faster than expected, even though the annual...
14:00 20 February 2022

Asian stocks mixed after Wall Street rises to record

TOKYO (AP) — Shares were mixed Thursday in Asia after Wall Street recovered to record highs, but worries persist about d...
4:42 20 February 2022

Report: Work to reduce wildfire risks has economic benefits

ALBUQUERQUE, N.M. (AP) — Projects to reduce the risk of wildfires and protect water sources in the U.S. West have create...
22:21 19 February 2022

Fed seems inclined to keep rates low as virus poses risks

WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, thoug...
19:38 19 February 2022

UK employers fear worker shortages in new immigration plan

LONDON (AP) — Vegetables rotting in the fields, food going unprocessed, the elderly and disabled left without care. That...
15:46 19 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