Latest Economy News

Greek bailout ends, but Europe's debt problem goes on

Aug. 17, 2018 10:22 AM EDT

FRANKFURT, Germany (AP) — Greece officially completes its bailout program on Monday, after eight years of cutbacks enforced in return for massive loans and following an economic collapse on the scale of the Great Depression. The exit is a welcome milestone. But it offers little assurance that the...

Getting personal: US, Turkish leaders feud over arrest

Aug. 17, 2018 10:13 AM EDT

ANKARA, Turkey (AP) — A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties. The fate...

US stocks dip following weak forecasts from chip companies

Aug. 17, 2018 10:09 AM EDT

NEW YORK (AP) — U.S. stocks are mostly lower Friday morning as chipmakers slide, leading losses for technology companies. Energy companies are rising with oil prices. Tesla is falling further on reports of a growing government investigation into the company. KEEPING SCORE: The S&P 500 index slipped 1...

Tesla shares drop 6 percent after reports of widening SEC probe and amid questions of CEO Musk's ability to run company

Aug. 17, 2018 9:48 AM EDT
NEW YORK (AP) — Tesla shares drop 6 percent after reports of widening SEC probe and amid questions of CEO Musk's ability to run company .

Markets Right Now: Stocks open lower on Wall Street

Aug. 17, 2018 9:41 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening mostly lower on Wall Street, following a big gain the day before, after several companies issued weak earnings or forecasts. Chipmakers Applied Materials and Nvidia both fell sharply in early...

The Latest: Tesla shares fall as Musk says stress takes toll

Aug. 17, 2018 9:39 AM EDT

NEW YORK (AP) — The Latest on Tesla CEO Elon Musk (all times local): 9:35 a.m. Tesla shares are falling as investors deal with another surprising development surrounding CEO Elon Musk. Musk admitted in an interview with The New York Times that stress is taking a heavy toll on him. The company has been...

Global markets lose steam in European trading

Aug. 17, 2018 8:09 AM EDT

TOKYO (AP) — World stock markets turned lower during European trading hours Friday as investors worried again about Turkey's financial trouble, after Asian stocks rose on news China is preparing to resume trade discussions with the U.S. KEEPING SCORE: Britain's FTSE 100 fell 0.3 percent to 7,537 and the...

World's biggest shipping company cautions on trade tensions

Aug. 17, 2018 4:52 AM EDT

COPENHAGEN, Denmark (AP) — Danish shipping group A.P. Moller-Maersk says it swung to a profit in the second quarter but cautioned about uncertainty related to global trade amid U.S. sanctions on major economies. Second-quarter revenue grew 24 percent to $9.5 billion, leading to a $26-million profit,...

Merkel, Putin share a headache: Donald Trump

Aug. 17, 2018 3:43 AM EDT

FRANKFURT, Germany (AP) — German Chancellor Angela Merkel and Russia's President Vladimir Putin will have plenty to talk about when they meet Saturday — thanks in no small part to U.S. President Donald Trump, whose sanctions and criticisms over trade, energy and NATO have created new worries for...

Asian shares gain on growing hopes for China trade talks

Aug. 17, 2018 12:25 AM EDT

TOKYO (AP) — Asian shares made moderate gains early Friday after U.S. stocks jumped on news China is preparing to resume trade discussions with the U.S., the first negotiations in more than a month. KEEPING SCORE: Japan's Nikkei 225 index added 0.4 percent to 22,275.67, while the Shanghai Composite index...