Latest Economy News

Tesla shares bounce on leaked memo about rising sales

May. 23, 2019 5:33 PM EDT

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up. The company's stock closed up 1.4% to $195.49 on a volatile day that started out with a loss. Tesla stock has shed about 60% of its value in three weeks and is...

The Latest: Trump links Huawei to China trade talks

May. 23, 2019 5:21 PM EDT

NEW YORK (AP) — The Latest on trade tensions between the United States and China (all times local): 5:15 p.m. President Donald Trump, whose administration has singled out Chinese telecoms equipment maker Huawei as posing a threat to U.S. national security, is suggesting that he may be open to making it an...

Number of US homes on the market rose in 1Q as sales slowed

May. 23, 2019 5:12 PM EDT

Homebuyers in Salt Lake City, Atlanta and other big U.S. metropolitan areas are seeing a pickup in the number of homes for sale, especially in the most affordable segment of the market. In Atlanta, for example, the number of homes for sale jumped 18.9% to 33,836 in the first quarter. That's the first annual...

US stocks skid on worries of prolonged trade standoff

May. 23, 2019 5:08 PM EDT

Heightened worries that the U.S. and China are headed for a long standoff in their costly trade dispute put investors in a selling mood Thursday. Stocks ended sharply lower on Wall Street in a broad sell-off that left the benchmark S&P 500 index on track for its third straight weekly loss and had the Dow...

How major US stock indexes fared Thursday

May. 23, 2019 5:06 PM EDT

Stocks slumped on Wall Street Thursday, handing the market its second straight loss, as investors worried about an apparent stalemate in trade talks between the U.S. and China. Trade-sensitive technology stocks led the market slide. The yield on the 10-year Treasury note slid to its lowest level in more than a...

Trade impasse: Trump pledges $16B to farmers; markets slump

May. 23, 2019 5:02 PM EDT

WASHINGTON (AP) — President Donald Trump rolled out another $16 billion in aid for farmers hurt by his trade policies, and financial markets shook Thursday on the growing realization that the U.S. and China are far from settling a bitter, year-long trade dispute. U.S. Agriculture Secretary Sonny Perdue...

Census: Cities and towns in Arkansas see growth and declines

May. 23, 2019 4:48 PM EDT

LITTLE ROCK, Ark. (AP) — While some Arkansas cities and towns have seen some of the biggest population drops in the country, others have grown more than anywhere else in the nation, according to new U.S. Census Bureau data. Demographers said rural areas continue to shrink as urban areas grow. Economists...

Montana lawmakers choose tax policy as top study priority

May. 23, 2019 4:43 PM EDT

HELENA, Mont. (AP) — Montana lawmakers have chosen a study of state and local tax policy as their top priority during the 18 months before the 2021 legislative session. The Legislature passed 27 joint resolutions for interim legislative studies and lawmakers were asked to rank them in order of importance....

Modi surges to victory in India on Hindu-first platform

May. 23, 2019 4:23 PM EDT

NEW DELHI (AP) — Narendra Modi, India's charismatic but polarizing prime minister, was headed Thursday for a landslide election victory, propelling his Hindu nationalist party to back-to-back majorities in parliament for the first time in decades. With most of the votes counted, Modi's stunning re-election...

Illegal killings, political opposition hobble wolf recovery

May. 23, 2019 4:00 PM EDT

RALEIGH, N.C. (AP) — Illegal killings and longstanding political resistance have undercut the return of two species of endangered wolves to the wild, frustrating government efforts that already cost more than $80 million but have failed to meet recovery targets. The number of red wolves roaming the forests...