Latest Economy News

China ups pressure as tech exec's hearing goes into Tuesday

Dec. 10, 2018 7:42 PM EST

VANCOUVER, British Columbia (AP) — A jailed Chinese technology executive will have to wait at least one more day to see if she will be released on bail in a case that has raised U.S.-China tensions and complicated efforts to resolve a trade dispute that has roiled financial markets and threatened...

The Latest: Judge says no decision yet on Huawei exec's bail

Dec. 10, 2018 7:07 PM EST

VANCOUVER, British Columbia (AP) — The Latest on the arrest in Canada of Chinese tech executive Meng Wanzhou. (all times local): 4 p.m. A Canadian judge says he won't reach a bail decision Monday for a top Chinese executive facing possible extradition to the U.S. in a case that has fueled U.S.-China trade...

Macron vows tax cuts, pay rise; will France's anger subside?

Dec. 10, 2018 6:31 PM EST

PARIS (AP) — French President Emmanuel Macron tried to reassert control over a nation wracked by increasingly violent protests with offers of tax relief for struggling workers and pensioners — and an exceptional admission Monday that "I might have hurt people with my words." It may not be enough....

Stocks struggle higher as markets remain volatile; oil drops

Dec. 10, 2018 4:29 PM EST

NEW YORK (AP) — U.S. stocks remained volatile Monday as the market took a dive in early trading only to erase those losses later and end slightly higher. The Dow Jones Industrial Average lost as much as 507 points in early trading before ending with a gain of 34. Energy companies fell as the price of crude...

Markets Right Now: US stocks end a bumpy day slightly higher

Dec. 10, 2018 4:10 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended another bumpy day slightly higher as gains by big technology companies helped the market erase an early plunge. Facebook added 3.2 percent and Microsoft rose 2.6 percent Monday. Chipmaker Qualcomm rose...

Puerto Rico overhauls tax laws to help workers, businesses

Dec. 10, 2018 2:54 PM EST

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor signed a bill on Monday to overhaul the U.S. territory's tax laws in a bid to attract foreign investment and help workers and some business owners amid a 12-year recession. The bill creates an earned income tax credit, reduces a sales tax on prepared food...

Nearly 85 percent of UN nations back migration deal; not US

Dec. 10, 2018 2:18 PM EST

MARRAKECH, Morocco (AP) — Defying fierce opposition from the U.S. and a few other nations, nearly 85 percent of U.N. member states agreed Monday on a sweeping yet non-binding accord to ensure safe, orderly and humane migration. The debate over the Global Compact for Migration, the first of its kind, has...

Goodyear halts tire production in Venezuela as economy slips

Dec. 10, 2018 2:01 PM EST

VALENCIA, Venezuela (AP) — Goodyear Tire & Rubber Co. is halting production in Venezuela, making it the latest international corporation to abandon a South American nation in economic crisis, officials said Monday. Spokesman Eduardo Arguelles told The Associated Press that Goodyear-Venezuela had made...

Markets on edge as Brexit uncertainty hits new highs

Dec. 10, 2018 11:55 AM EST

LONDON (AP) — It's crunch time for Brexit, and investors in the region could be in for a white-knuckle ride through Christmas. Prime Minister Theresa May on Monday canceled a long-awaited parliamentary vote on the Brexit deal that she had struck with the European Union but faced widespread opposition. She...

GoPro to move production out of China over tariff concerns

Dec. 10, 2018 11:43 AM EST

SAN MATEO, Calif. (AP) — Action-camera maker GoPro says it will move production of U.S.-bound cameras out of China by the summer over tariff-related concerns. Companies have been voicing concerns over a looming trade war between China and the U.S. as both countries have been threatening tariffs against one...