Economy. Page 5

US durable goods orders rebound in October, rising 0.6%

WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods rebounded last month on a surge in demand for military aircraft.
13:44 27 November 2021

Powell: Solid economy but tame inflation allows low rates

Federal Reserve Chairman Jerome Powell is sketching an optimistic view of the economy but signaling that continued low inflation means higher interest...
0:28 26 November 2021

Survey: German business confidence rises in November

BERLIN — A closely watched survey is showing that German business confidence has increased slightly.
9:16 25 November 2021

China’s Xi says Beijing wants trade deal, can ‘fight back’

BEIJING — Chinese President Xi Jinping said Friday that Beijing wants to work for a trade deal with the United States but is not afraid to “fight back...
6:40 22 November 2021

China raises estimate of economy’s size following census

BEIJING — China has raised its estimate of the size of its economy by 2.1% following a census, raising its gross domestic product for 2018 to 91.93 tr...
4:56 22 November 2021

Fed minutes: Officials felt 3 cuts this year could be enough

WASHINGTON — Most Federal Reserve officials believed last month that the three rate cuts they have made this year would be enough unless the economy w...
20:50 20 November 2021

Lowe’s 3Q profit buoyed by strong economy; lifts outlook

Lowe's third-quarter profit handily topped Wall Street’s view, thanks in part to strong economic conditions and sales to contractors. The home-improve...
12:54 20 November 2021

Asian shares retreat on poor Japan trade data, China news

BEIJING — Shares retreated in Asia on Wednesday after Japan reported its worst monthly decline in exports in three years, putting pressure on the econ...
3:33 20 November 2021

No clear champ as Johnson, Corbyn spar in UK election debate

LONDON — British Prime Minister Boris Johnson and opposition leader Jeremy Corbyn attacked each other’s policies on Brexit, health care and the econom...
22:13 19 November 2021

Trump summons Powell to discuss rates amid WH attacks on Fed

WASHINGTON — President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest r...
16:41 18 November 2021

Stocks subdued after US record highs, eyes on trade talks

TOKYO — Global markets were subdued Monday as investors look for developments in the U.S.-China trade war and the outlook for stocks after Wall Street...
12:58 18 November 2021

Asian shares mixed amid cautious mood, eyes on trade talks

TOKYO — Asian shares are mixed Monday in a cautious mode after Wall Street closed out the week with milestones as the Dow Jones Industrial Average cro...
2:31 18 November 2021

Stocks end week of milestones at new highs; Dow tops 28,000

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 ...
22:27 15 November 2021

US retail sales rose a modest 0.3% in October

WASHINGTON — Americans stepped up their shopping last month, spending more online and buying more cars, evidence that consumers can still drive the ec...
13:55 15 November 2021

New Jersey seeks $640M from Uber for misclassifying workers

TRENTON, N.J. — New Jersey is seeking more than $640 million from Uber in taxes and penalties, saying the ride-hailing company misclassified its drive...
22:22 14 November 2021

Powell urges Congress to tackle growing budget deficit

WASHINGTON — Federal Reserve Chairman Jerome Powell on Thursday urged Congress to tackle the growing budget deficit but also underscored the current h...
18:03 14 November 2021

Sizing up the 2019 holiday shopping season for retailers

NEW YORK — With two weeks until the official start of the holiday shopping season, the nation’s retailers are gearing up for what should be another br...
15:43 14 November 2021

Pope taps fellow Jesuit as Vatican’s finance minister

VATICAN CITY — Pope Francis on Thursday appointed a fellow Jesuit to be the Vatican’s finance minister, filling a crucial position left vacant for mor...
13:25 14 November 2021

German economy avoids recession in 3Q, but challenges remain

BERLIN — Germany’s economy, Europe’s largest, avoided entering a widely-anticipated recession in the third quarter as strong domestic spending helped ...
9:01 14 November 2021

Japan’s economy slows, logging 0.2% annual expansion in 3Q

TOKYO — Japan reports its economy grew at an annual pace of 0.2% in July-September, supported by consumer purchases ahead of a tax hike.
4:16 14 November 2021

The Latest: Powell sees job participation as major problem

WASHINGTON — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. econo...
17:09 13 November 2021

Economy in mind, Bolsonaro changes tack and cozies up to Xi

BRASILIA, Brazil — What a difference a year makes.
15:59 13 November 2021

Fed’s Powell sees steady growth, signals pause in rate cuts

WASHINGTON — Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slo...
14:47 13 November 2021

AP-NORC poll: Many youths say high school diploma is enough

Although most young Americans believe in the value of higher education, many still consider a high school diploma alone to be enough for success, acco...
19:12 11 November 2021

Poll brings Spain no respite from political uncertainty

MADRID — A general election called to end political deadlock in Spain has only deepened uncertainty about the future of the European Union's fifth-lar...
17:30 11 November 2021

World Bank warns of grave risks to Lebanon’s stability

BEIRUT — The World Bank on Friday urged Lebanon to form a new Cabinet "within a week" to prevent further degradation and loss of confidence in its eco...
17:47 8 November 2021

Bank of England warns over global economic hit to UK

LONDON — The growth outlook for the British economy has deteriorated largely as a result of a gloomier global backdrop, the Bank of England said Thurs...
14:53 7 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

US business sees dwindling prospects in Cuba

HAVANA — The Havana International Trade Fair is where Cuba puts the best face on its struggling economy.
18:22 6 November 2021

Unknowns about 2020 election make some businesses cautious

NEW YORK — While the 2020 presidential election is still a year away, some business owners see their customers already becoming more cautious because ...
15:55 6 November 2021