Latest Economy News

This undated image released by the House Judiciary Committee from documents provided by Lev Parnas to the committee in the impeachment probe against President Donald Trump, shows a photo of Lev Parnas with Rudy Giuliani. Parnas, a close associate of Trump's personal lawyer Giuliani is claiming Trump was directly involved in the effort to pressure Ukraine to investigate Democratic rival Joe Biden. Trump on Thursday, Jan. 16, 2020, repeated denials that he is acquainted with Parnas, despite numerous photos that have emerged of the two men together.(House Judiciary Committee via AP)

In recording Trump asks how long Ukraine can resist Russians

Jan. 25, 2020 4:44 PM EST

WASHINGTON (AP) — President Donald Trump inquired how long Ukraine would be able to resist Russian aggression without U.S. assistance during a 2018 meeting with donors that included the indicted associates of his personal attorney Rudy Giuliani. “How long would they last in a fight with...

FILE - In this Jan. 22, 2020, file photo, President Donald Trump leaves after a news conference at the World Economic Forum in Davos, Switzerland. It's been a week packed with rhetoric from President Donald Trump. This, as his Senate impeachment trial unfolded and the economic forum in Davos, Switzerland, played out. An AP Fact Check put his statements under scrutiny and found distortions on a range of topics. (AP Photo/Evan Vucci, File)

AP FACT CHECK: Trump's fusillade of misfires on fateful week

Jan. 25, 2020 3:21 PM EST

WASHINGTON (AP) — Abroad, at home and in Twitter's ether, President Donald Trump unleashed a fusillade of statements over the past week as the Senate impeachment trial unfolded and the Davos economic forum played out in Switzerland. On impeachment, the state of the country, abortion, pollution and more,...

Brazil's President Jair Bolsonaro, left, shakes hand with Indian Prime Minister Narendra Modi, with Indian President Ram Nath Kovind standing beside them during his ceremonial welcome at the presidential palace in New Delhi, India, Saturday, Jan. 25, 2020. Bolsonaro is this year's chief guest for India's Republic day parade. (AP Photo/Manish Swarup)

India, Brazil agree to boost ties in IT, biofuel and mining

Jan. 25, 2020 3:16 PM EST

NEW DELHI (AP) — India and Brazil agreed Saturday to boost trade and investment across a range of fields such as defense, mining, biofuel, cybersecurity, food, the environment and health. India’s Prime Minister Narendra Modi lauded Brazil as “a valuable partner” as he and visiting...

Riot police sprayed anti-government protesters with water cannons as they try to cross to the central government building during ongoing protests in Beirut, Lebanon, Saturday, Jan. 25, 2020. Hundreds of Lebanese gathered outside the central government building to reject the newly formed Cabinet, while some protesters breached tight security erected around it, removing a metal gate and barbed wire prompting a stream of water cannons from security forces. (AP Photo/Bilal Hussein)

Lebanese protesters rally downtown despite enhanced security

Jan. 25, 2020 1:33 PM EST

BEIRUT (AP) — Hundreds of Lebanese gathered outside Beirut's central government building Saturday to reject the newly formed Cabinet. Protesters breached tight security around the building, removing a metal gate and barbed wire and prompting security forces to respond with water cannon and tear gas. The...

Colorado's December unemployment rate a historic low of 2.5%

Jan. 25, 2020 12:15 PM EST

DENVER (AP) — Colorado's seasonally adjusted unemployment rate fell one-tenth of a percentage point to a historic low of 2.5% in December, the Colorado Department of Labor and Employment said. The rate announced Friday is the lowest since a 1976 change in the way unemployment rates were calculated, the...

A relative of a victim cries during a tribute to those who died in the dam disaster last year in Brumadinho city, Minas Gerais state, Brazil, Saturday, Jan.25, 2020. The wave of mud and debris that on Jan. 25, 2019 buried the equivalent of 300 soccer pitches and killed 270 people, continues to barrel over residents' minds, the local economy and the environment, one year later. (AP Photo/Gustavo Andrade)

One year on, Brazilian city haunted by deadly dam collapse

Jan. 25, 2020 11:40 AM EST

RIO DE JANEIRO (AP) — Like she has so many other nights, Ana María Gomes is awakened by the cries of her husband and tries to calm him as he shouts for help from his mine coworkers. She convinces him the dam collapse that devastated their city of Brumadinho and killed at least 270 people happened a...

Markets around the world are feeling the coronavirus chill

Jan. 25, 2020 11:26 AM EST

NEW YORK (AP) — Stocks around the world fell this week on worries that a new type of virus in China may ultimately hit profits for companies from Wuhan to Washington. The World Health Organization has held off on calling the outbreak a global health emergency but says it may become one. The virus has...

United States Treasury Secretary Steven T. Mnuchin speaks at Chatham at House in London, Saturday, Jan. 25, 2020.  Mnuchin is visiting Britain Saturday for high level discussions on trade following his visit to the World Economic Forum in Davos, Switzerland. (AP Photo/Alberto Pezzali)

US Treasury chief says trade deal possible with UK in a year

Jan. 25, 2020 9:52 AM EST

LONDON (AP) — U.S. Treasury Secretary Steven Mnuchin suggested Saturday that Britain and America would be able to conclude a trade deal this year, despite lingering disagreements on a digital services tax and whether to allow Chinese tech giant Huawei to build aspects of a new high-speed mobile network....

FILE-In this Sept. 11, 2018 file photo, live lobsters are packed in coolers for shipment to China at The Lobster Company in Arundel, Maine. The busiest season for lobster exports to China is around Chinese New Year, which took place Saturday. Lobsters have exploded in popularity with the Chinese middle class but President Donald Trump's trade hostilities with China led to tariffs in 2018 that cratered the U.S. export market. Meanwhile, Canada's market has surged. (AP Photo/Robert F. Bukaty, files)

China deal might not bail out lobster industry this New Year

Jan. 25, 2020 9:35 AM EST

PORTLAND, Maine (AP) — American seafood exporters are optimistic that a new trade deal with China will allow them to claw back into one of the world's biggest markets for lobster, but help might not have arrived in time for the biggest day on the calendar. The busiest season for lobster exports to China...

Baltimore sugar plant works to recover after bad harvests

Jan. 25, 2020 9:00 AM EST

BALTIMORE (AP) — Under the neon Domino Sugars sign in Baltimore’s Inner Harbor, a century-old refinery steadily produces the crucial ingredient in American candy, soda and other foods. The already busy plant soon might need to burn even more calories. Unusually bad weather around the country ruined...