Latest Economy News
Stock market today: Wall Street rises with hopes for pause to rate hikes
NEW YORK (AP) — Wall Street is rising Thursday with hopes that the Federal Reserve may soon take it easier on its hikes to interest rates. The S&P 500 was 0.9% higher in midday trading after a suite of reports painted a split U.S. economy. The job market remains remarkably...
Know any airplane mechanics? A wave of retirements is leaving some US industries desperate to hire
WASHINGTON (AP) — Kwasi Bandoh, a senior recruiter for an airline, stood before a group of aviation mechanic students at their graduation ceremony last month and congratulated them for all having jobs. As some of the students began nudging each other, Bandoh realized that perhaps...
Europe sees inflation drop to 6.1%, but real relief for consumers will take months
FRANKFURT, Germany (AP) — Europe's inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. The annual figure in May eased from 7% in April for the...
Stock market today: Asian shares mostly rise after House approves debt ceiling deal
TOKYO (AP) — Asian benchmarks were mostly higher Thursday after the United States House of Representatives approved a debt ceiling and budget cuts package, avoiding a default crisis. But the enthusiasm was muted by worries about the Chinese economy after disappointing recent data...
German inflation slows to 6.1% in May, though food prices are still surging
BERLIN (AP) — German inflation eased to 6.1% in May following several months of declines, even as Europe's biggest economy registered another painful increase in food prices of nearly 15%. Preliminary figures show that the annual inflation rate was lower than the 7.2% registered in...
Ukraine's economy shows 'resilience' from Russian attacks, IMF says as it backs aid
FRANKFURT, Germany (AP) — Ukraine's economy is showing “remarkable resilience” following Russian attacks on its electricity infrastructure, officials from the International Monetary Fund said Tuesday as they signed off on an initial loan of $900 million and raised their estimate for the...
Economic boost or big business hand-out? Nevada lawmakers consider A's stadium financing
CARSON CITY, Nev. (AP) — Nevada lawmakers questioned whether a proposal to subsidize a new MLB stadium with tax credits and bonds would further boost Las Vegas’ economy, or serve as a handout for a big business that could strain government resources. In a committee hearing on...
Stock market today: Asia shares mixed as investors await debt ceiling vote, eye China economy
TOKYO (AP) — Asian shares were mixed in directionless trading Tuesday following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional economy. Japan's benchmark Nikkei 225 lost 0.4% in morning trading to 31,119.27. Australia's...
What 5 more years of Erdogan's rule means for Turkey
ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan won reelection in a runoff Sunday, following a nail-biter first round two weeks earlier. Having secured another five years, Erdogan now faces a host of domestic challenges in a deeply divided country, from a battered economy to pressure for...
This Week: Consumer confidence, Macy’s earns, jobs report
A look at some of the key business events and economic indicators upcoming this week: NOT SO CONFIDENT? The Conference Board releases its latest U.S. consumer confidence index Tuesday. The index fell in April as anxiety over a slowing economy and...
