Economy. Page 6

US productivity falls for first time in nearly 4 years

WASHINGTON — American workers were less efficient in the July-September quarter, pushing down productivity for the first time since late 2015.
13:55 6 November 2021

Stuck on US terror list, Sudan turns to wealthy Gulf for aid

CAIRO — Sudan's new prime minister has repeatedly urged the West to end his country's international pariah status. He says it's the only way to save t...
6:01 6 November 2021

Dow hits record as stock market rally extends into 5th week

NEW YORK — The Dow Jones Industrial Average returned to a record on Monday, joining other market gauges at all-time highs, as the stock market's rally...
21:32 4 November 2021

1 Year Out: A divided nation lurches toward 2020 election

WASHINGTON — One year from Sunday, voters will decide whether to grant President Donald Trump a second term in office, an election that will be a refe...
14:07 3 November 2021

US economy defies threats with a solid job gain for October

WASHINGTON — A solid October jobs report on Friday spotlighted the surprising durability of the U.S. economy in the face of persistent trade conflicts...
20:20 1 November 2021

Stocks head for record high following solid jobs report

NEW YORK — A government report revealing surprisingly solid job growth in October put investors in a buying mood Friday and drove broad gains for U.S....
16:35 1 November 2021

US manufacturing contracts for third straight month

WASHINGTON — U.S. manufacturing output dropped for the third straight month in October as trade tensions and a slowing global economy took a toll on A...
14:29 1 November 2021

World stocks edge up ahead of US jobs report

BANGKOK — World shares advanced Friday as investors looked to the monthly U.S. jobs report and amid concerns about the prospects for a long-term U.S-C...
11:39 1 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

AP FACT CHECK: Impeachment probe isn’t driving stock decline

NEW YORK — President Donald Trump is falsely suggesting that Thursday's stock market decline was driven primarily by the impeachment inquiry.
22:13 31 October 2021

As economy slows, new ECB head Lagarde faces big challenges

FRANKFURT, Germany — Europe's economy is losing strength. Top officials at the European Central Bank are at odds over policy. And it's even unclear wh...
11:52 31 October 2021

US economy grows at modest 1.9% rate in third quarter

WASHINGTON — The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued to trim t...
12:51 30 October 2021

UK’s Brexit deal estimated to cost almost $100 billion

LONDON — A respected British think tank slammed Prime Minister Boris Johnson's Brexit deal on Wednesday, concluding that the economy would be 3.5% sma...
12:36 30 October 2021

World shares mostly lower as investors eye Fed, trade news

BANGKOK — Global shares mostly retreated Wednesday as investors eye a possible interest rate cut in the U.S. while hoping for a breakthrough on the U....
12:07 30 October 2021

Fed is expected to cut rates but may offer little guidance

WASHINGTON — The Federal Reserve is set to cut its benchmark interest rate Wednesday for a third time this year to help sustain the U.S. economic expa...
4:05 30 October 2021

Here’s the single phrase to watch for from the Fed this week

WASHINGTON — Economists and investors who are trying to get a fix on what the Federal Reserve may do in the months ahead have zeroed in on a single ph...
15:24 29 October 2021

Asian shares mixed after S&P 500 hits all-time high

BANGKOK — Shares were mixed in Asia and Chinese benchmarks fell Tuesday after the S&P 500 index closed at an all-time high.
4:12 29 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

AP FACT CHECK: Trump’s takes on impeachment, Syria, climate

WASHINGTON — President Donald Trump is persisting in a claim that goes to the heart of the U.S. military withdrawal from Syria — that he's bringing th...
16:00 26 October 2021

Venezuelans buy gas with cigarettes to battle inflation

CARACAS, Venezuela — Motorists in socialist Venezuela have long enjoyed the world's cheapest gasoline, with fuel so heavily subsidized that a full tan...
1:33 26 October 2021

Inequalities in China drive many to seek better life abroad

BEIJING — Weeks prior to the discovery in England of the bodies of 39 people believed to be from China, Beijing was holding lavish National Day celebr...
10:13 25 October 2021

German businesses see hope on horizon; consumers concerned

BERLIN — German consumers are growing more pessimistic amid concerns about the global economic downturn, trade conflicts and Brexit, a survey showed F...
9:18 25 October 2021

Outgoing ECB chief defends legacy against stimulus skeptics

FRANKFURT, Germany — Mario Draghi ended his eight-year term as head of the European Central Bank by defending his most recent stimulus package and rem...
15:13 24 October 2021

As China builds up Africa, some in Uganda warn of trouble

KAMPALA, Uganda — China's assertive, large-scale investments in Africa are starting to find pushback in Uganda, where some critics worry the East Afri...
9:15 24 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

Biden: Trump has ‘no idea’ about working-class struggles

SCRANTON, Pa. — Joe Biden hammered President Donald Trump's treatment of the middle class as he campaigned Wednesday in his childhood hometown of Scra...
17:12 23 October 2021

Uncertainties escalate for Fed as it weighs another rate cut

WASHINGTON — The Federal Reserve finds itself in an unusually delicate spot as it considers how much more to try to stimulate an economy that's still ...
15:07 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