Latest Economic outlook News

Stocks mixed as uncertainty reigns in US-China trade talks

Nov. 11, 2019 11:40 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Tuesday as investors awaited cues on trade talks between China and the U.S. The next hints on progress in the negotiations between Beijing and Washington could come later in the day, when Trump is scheduled to give a speech on trade and economic policy at the...

Editorials from around New England

Nov. 8, 2019 3:58 PM EST

Editorials from around New England: CONNECTICUT Confronting our biases The Day Nov. 7 Inroads cannot be made in reducing personal or institutional racial bias without first admitting it exists. That message was delivered by Connecticut Supreme Court Chief Justice Richard A. Robinson during "A Conversation on...

Kansas boosts tax collection forecast $510M over 2 years

Nov. 7, 2019 7:59 PM EST

TOPEKA, Kan. (AP) — Kansas officials on Thursday boosted the state's projections for tax collections by $510 million over two budget years, something certain to renew an already intense dispute between Democratic Gov. Laura Kelly and the Republican-controlled Legislature over cutting income taxes. The new,...

Bank of England warns over global economic hit to UK

Nov. 7, 2019 9:53 AM EST

LONDON (AP) — The growth outlook for the British economy has deteriorated largely as a result of a gloomier global backdrop, the Bank of England said Thursday as it refrained from cutting rates in the run-up to a general election that could have huge repercussions on Brexit. Though waning fears of a...

Eurozone forecast for long period of weak economic growth

Nov. 7, 2019 5:57 AM EST

LONDON (AP) — The European Union's executive branch has cut its growth forecasts for the 19-country eurozone for this year and next and warned that conditions could worsen in the face of an array of uncertainties. The European Commission said Thursday that the single currency bloc is expected to grow 1.1%...

German government advisers cut economic growth forecast

Nov. 6, 2019 5:42 AM EST

BERLIN (AP) — The German government's independent panel of economic advisers on Wednesday cut its 2020 growth forecast for Europe's biggest economy to below 1%, but said it sees no sign of a "broad, deep recession." In a report handed to Chancellor Angela Merkel, the five-member panel forecast economic...

Stocks hit records as strong jobs report calms trade worries

Nov. 1, 2019 4:30 PM EDT

NEW YORK (AP) — Stocks powered to records Friday after an encouraging jobs report gave reassurance that the economy is still solid, despite the pain U.S. factories are feeling from President Donald Trump's trade war. The Labor Department's report showed that employers added more jobs in October than...

Asian shares mixed on new US-China trade jitters

Nov. 1, 2019 12:45 AM EDT

BANGKOK (AP) — Asian shares were mixed on Friday after investors were spooked by a report that cast doubt on the prospects of a long-term U.S-China trade deal. Hong Kong's Hang Seng rose 0.4% to 27,020.20 and the Shanghai Composite jumped 0.7% to 2,950.47. In South Korea the Kospi climbed 0.5% to 2,093.34....

Asian markets follow Wall Street higher after Fed rate cut

Oct. 31, 2019 1:32 AM EDT

BEIJING (AP) — Most Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve cut a key interest rate. Tokyo, Hong Kong and Seoul advanced. Shanghai retreated 0.1% after Chinese factory activity weakened more than expected in October. Investors welcomed the Fed's third rate cut...

Fed cuts rates for a 3rd time but signals it will now pause

Oct. 30, 2019 5:53 PM EDT

WASHINGTON (AP) — The Federal Reserve cut short-term interest rates Wednesday for a third time this year to try to support the economy. But it signaled that it plans no further cuts unless it sees clear evidence that the economic outlook has worsened. For now, Chairman Jerome Powell sounded a bullish note...