Latest Economy News

Raines recalls Montreal, roots for Nats; others, maybe not

Oct. 20, 2019 4:24 PM EDT

MONTREAL (AP) — Tim Raines started wearing the tricolor cap as a teen and proudly sported the Montreal Expos logo for years, all the way onto his Hall of Fame plaque. So no wonder who he'll cheer for when his old team — albeit now in Washington — plays in its first World Series, a...

Hundreds of thousands of Lebanese protesters flood streets

Oct. 20, 2019 1:25 PM EDT

BEIRUT (AP) — Hundreds of thousands of Lebanese protesters of all ages flooded major cities and towns nationwide Sunday demanding an end to corruption and the rule of the country's political elite. Each hour brought hundreds more people to the streets for the largest anti-government protests yet in four...

California relishes role as liberal trendsetter, Trump foe

Oct. 20, 2019 12:54 PM EDT

SACRAMENTO, Calif. (AP) — The Democrats who rule California took on homegrown tech giants Uber and Lyft over their workforces, convinced some of the world's biggest automakers to buck the president on fuel emissions and passed a law that could change college sports nationwide. On issues big and small...

Nebraska senators: More revenue could mean property tax cuts

Oct. 20, 2019 11:14 AM EDT

LINCOLN, Neb. (AP) — Nebraska lawmakers who want to lower property taxes and replenish the state's rainy-day fund could have a slightly easier time accomplishing those goals next year, but many are still worried about the impact of major flooding and the struggling farm economy. Key lawmakers said they're...

Prosecutors: Trade war opens doors For Mexican drug cartels

Oct. 20, 2019 10:05 AM EDT

PORTLAND, Ore. (AP) — Federal law enforcement officials in Oregon say they've uncovered an elaborate scheme to convert Mexican drug profits from sales in the United States back into pesos using Chinese citizens who seek to circumvent their country's banking laws. The Mexican drug cartels are taking...

New York lawmakers hold hearing on changing recycling market

Oct. 20, 2019 8:25 AM EDT

NEW YORK (AP) — New York state lawmakers will hold a hearing on recycling amid China's decision to restrict scrap imports. The halt on China's imports of wastepaper and plastic has disrupted U.S. recycling programs, but it also has spurred investment in American plants that process recyclables. The heads...

Indonesia's popular president sworn in for 2nd term

Oct. 20, 2019 7:59 AM EDT

JAKARTA, Indonesia (AP) — Indonesian President Joko Widodo, who rose from poverty and pledged to champion democracy, fight entrenched corruption and modernize the world's most populous Muslim-majority nation, was sworn in Sunday for his second and final five-year term with a pledge to take bolder actions....

AP FACT CHECK: Trump's Syrian mission-accomplished moment

Oct. 19, 2019 10:47 PM EDT

WASHINGTON (AP) — As President Donald Trump describes it, the U.S. swooped into an intractable situation in the Middle East, achieved an agreement within hours that had eluded the world for years and delivered a "great day for civilization." It was a mission-accomplished moment that other Republican...

Lebanon's Nasrallah says he's against government resignation

Oct. 19, 2019 5:49 PM EDT

BEIRUT (AP) — Lebanon's influential Hezbollah leader said Saturday he is against the government's resignation as nationwide protests gained momentum on their third day, calling for the removal of the country's political elite. Hassan Nasrallah said the current unity government should instead bring "a new...

The Latest: Lebanon party pulls out of embattled government

Oct. 19, 2019 5:27 PM EDT

BEIRUT (AP) — The Latest on anti-government protests in Lebanon (all times local): 12:20 a.m. A Lebanese Christian leader has asked his four ministers in the Cabinet to resign amid nationwide protests against the country's political elite. Samir Geagea, who heads the right-wing Lebanese Forces party, said...