Latest Economy News

US housing starts climbed 3.8% in October

Nov. 19, 2019 8:47 AM EST

WASHINGTON (AP) — U.S. home building jumped 3.8% in October, a positive sign for the overall economy as developers anticipate steady demand. The Commerce Department said Tuesday that housing starts reached a seasonally adjusted annual rate of 1.31 million. Starts for single-family houses were up 2%,...

Patrick defends corporations and capitalism in primary bid

Nov. 19, 2019 8:08 AM EST

DES MOINES, Iowa (AP) — Democratic presidential candidate Deval Patrick is centering his fledgling campaign on a defense of corporations and capitalism that puts him directly at odds with some of the party’s most progressive figures. “There is a role in the economy for private equity. You bet...

Global shares mostly rise while investors await trade news

Nov. 19, 2019 8:00 AM EST

TOKYO (AP) — Global shares rose Tuesday as investors appeared hopeful for positive news from the trade talks between the United States and China. Strong economic data and better-than-expected corporate earnings have buoyed U.S. shares since early October, while “markets remain convinced that we will...

Georgia at ‘turning point’? Debate signals Democratic hopes

Nov. 19, 2019 7:25 AM EST

PEACHTREE CORNERS, Ga. (AP) — Beth Moore would typically fit the mold of a Georgia Republican. She attended private school in the affluent, mostly white northern Atlanta suburbs, attended the University of Georgia, practices law and married a Republican. But the 37-year-old is part of a class of 17...

US failing to stop China from stealing research, report says

Nov. 18, 2019 10:38 PM EST

WASHINGTON (AP) — The United States government has failed to stop China from stealing intellectual property from American universities and lacks a comprehensive strategy for dealing with the threat, a congressional report concluded Monday. The report says the FBI should be more effective and consistent in...

Asian shares mixed amid caution on US-China trade talks

Nov. 18, 2019 10:30 PM EST

TOKYO (AP) — Asian shares are mixed as investors remain cautious over prospects for an agreement in trade talks between the United States and China. Japan’s benchmark Nikkei 225 edged 0.1% lower to 23,384.14. Australia’s S&P/ASX 200 added 0.4% to 6,745.60. South Korea’s Kospi...

Iran downplays, demonizes protests amid internet shutdown

Nov. 18, 2019 8:43 PM EST

DUBAI, United Arab Emirates (AP) — Iran on Monday alternatively downplayed and demonized ongoing protests across the country that have killed at least five people and renewed pressure on the government as the country struggles under the weight of U.S. economic sanctions. The full scale of the protests,...

Auto union now turns focus to Fiat Chrysler; strike possible

Nov. 18, 2019 5:03 PM EST

DETROIT (AP) — The United Auto Workers union on Monday turned its bargaining focus to Fiat Chrysler, raising the possibility of another strike against a Detroit automaker. Ford workers ratified their contract Friday night, while the union settled with General Motors last month after a 40-day strike by...

How major US stock indexes fared Monday

Nov. 18, 2019 4:33 PM EST

The U.S. stock market inched higher Monday, the latest nudge in its record-setting, six-week run, as markets wait for the next development in trade talks between the United States and China. All three major U.S. stock indexes edged above the all-time highs they set on Friday, though the seemingly placid moves...

Markets Right Now: Stocks end wobbly day slightly higher

Nov. 18, 2019 4:11 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended a wobbly day with tiny gains on Wall Street, enough to nudge major indexes to more record highs. The market started lower Monday as traders waited for clues about where trade talks between the U.S. and...