Latest Economy News

FILE - In this Monday, Aug. 31, 2020, file photo, Lebanese Prime Minister-designate Mustapha Adib speaks to journalists at the Presidential Palace in Baabda, east of Beirut, Lebanon. Adib has resigned Saturday, Sept. 26, 2020 amid a political impasse over government formation, nearly a month after he was appointed to the job. The announced by Adib deals a blow to French President Emmanuel Macron's efforts to break a dangerous stalemate in the crisis-hit country. (AP Photo/Bilal Hussein, File)

Lebanese nominated premier resigns, in blow to Macron plan

Sep. 26, 2020 8:26 AM EDT

BEIRUT (AP) — Lebanon’s prime minister-designate resigned Saturday amid a political impasse over government formation, dealing a blow to French President Emmanuel Macron’s efforts to break a dangerous stalemate in the crisis-hit country. The announcement by Moustapha Adib nearly a month...

President Donald Trump speaks to members of the press on the South Lawn of the White House in Washington, Thursday, Sept. 24, 2020, before boarding Marine One for a short trip to Andrews Air Force Base, Md. Trump is traveling to North Carolina and Florida. (AP Photo/Patrick Semansky)

AP FACT CHECK: Trump's wrongs on court, virus; Biden errs

Sep. 26, 2020 7:13 AM EDT

WASHINGTON (AP) — In a momentous week, President Donald Trump painted a fantastical portrait of a coronavirus that affects “virtually nobody” among the young as he faced a grim U.S. milestone of 200,000 deaths and he asserted a constitutional basis that doesn't exist for rushing a replacement...

FILE - In this Sept. 19, 2020 file photo, a supporter, wearing a mask depicting former President Evo Morales, strikes a pose during a campaign rally for Luis Arce Catacora, the Bolivian presidential candidate for the Movement Towards Socialism Party, or MAS, in La Paz, Bolivia. MAS is the party founded by Morales who was ousted in November 2019, after several weeks of demonstrations that erupted over allegations of fraud in last year's October presidential election that Morales claimed to have won. (AP Photo/Juan Karita, File)

He's not running, but Morales looms large in Bolivia vote

Sep. 26, 2020 12:01 AM EDT

LA PAZ, Bolivia (AP) — Even in exile, Evo Morales looms over Bolivia’s election next month. National rifts that contributed to chaos in Bolivia in 2019 threaten to destabilize the Oct. 18 vote and its aftermath nearly one year after Morales, Bolivia's first Indigenous president from the Aymara...

President Donald Trump speaks at a campaign rally, Friday, Sept. 25, 2020, in Newport News, Va. (AP Photo/Evan Vucci)

As campaign heats up, Trump woos Latino, Black voters

Sep. 25, 2020 10:28 PM EDT

ATLANTA, Ga. (AP) — With fewer than 40 days left before the election, President Donald Trump unveiled his second policy plan in as many days as he tried to chip away at his Democratic rival’s support among Black and Hispanic voters and in key battleground states. At a “Black Voices for...

FILE - In this Aug. 27, 2018, file photo, a patched sign stands at the construction site for the Consumer Financial Protection Bureau's new headquarters in Washington. California created what supporters called its own nation-leading, state-level version of the federal Consumer Financial Protection Bureau after critics said the Trump administration significantly weakened national protections, Friday, Sept. 25, 2020. The legislation that Gov. Gavin Newsom signed into law changes the existing Department of Business Oversight into the Department of Financial Protection and Innovation in what proponents said is the first such move by any state. (AP Photo/Andrew Harnik, File)

California expands financial protections after US rollback

Sep. 25, 2020 6:58 PM EDT

SACRAMENTO, Calif. (AP) — California on Friday created what supporters call its own nation-leading, state-level version of the federal Consumer Financial Protection Bureau after critics said the Trump administration significantly weakened national protections. The legislation that Gov. Gavin Newsom signed...

In this photo made from UNTV video, Suga Yoshihide, Prime Minister of Japan, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly, Wednesday, Sept. 23, 2020, at UN Headquarters. (UNTV Via AP )

The Latest: Boris Johnson to urge global unity against virus

Sep. 25, 2020 6:36 PM EDT

UNITED NATIONS (AP) — The Latest from the U.N. General Assembly (all times EDT): 6:25 a.m. Japan’s new prime minister says he’s determined to host the Tokyo Olympic Games next summer as “proof that humanity has defeated the pandemic.” The Games this year were postponed because...

FILE - In this Wednesday, Jan. 15, 2020 file photo, Senate Finance Committee ranking member Ron Wyden, D-Ore., speaks during a news conference at the Capitol in Washington, about a U.S. China trade agreement, accompanied by Sen. Sherrod Brown, D-Ohio, right. On Friday, Sept. 25, 2020, Sens. Wyden and Brown said the government needs to ban the import of products made with child or forced labor after an Associated Press investigation found widespread exploitation in the palm oil industry, from debt bondage to outright slavery. (AP Photo/J. Scott Applewhite)

US senators demand action after AP exposes palm oil abuses

Sep. 25, 2020 6:31 PM EDT

Lawmakers said Friday that the U.S. government needs to ban the import of products made with child or forced labor after an Associated Press investigation found widespread exploitation in the palm oil industry, from debt bondage to outright slavery. U.S. Sens. Sherrod Brown and Ron Wyden —who spearheaded...

A woman looks at screens showing Japan's Nikkei 225 index at a securities firm in Tokyo on Friday, Sept. 25, 2020. Asian shares advanced Friday, cheered by a modest rally on Wall Street and rising hopes for fresh stimulus for the U.S. economy.(AP Photo/Hiro Komae)

Stocks post solid gains as technology shares lead rally

Sep. 25, 2020 6:27 PM EDT

Stocks shook off another bout of volatile trading and finished solidly higher Friday, led by gains in technology and health care companies. Despite the rally, the S&P 500 still posted its fourth straight weekly loss, extending Wall Street's September swoon. The S&P 500 rose 1.6% after flip-flopping...

Florida Gov. Ron DeSantis attends an event with President Donald Trump on the environment at the Jupiter Inlet Lighthouse and Museum, Tuesday, Sept. 8, 2020, in Jupiter, Fla. (AP Photo/Evan Vucci)

Florida reopens state's economy despite ongoing pandemic

Sep. 25, 2020 6:19 PM EDT

TALLAHASSEE, Fla. (AP) — Gov. Ron DeSantis lifted all restrictions on restaurants and other businesses in Florida on Friday, and banned local fines against people who refuse to wear masks as he seeks to reopen the state's economy despite the spread of the coronavirus. The Republican governor's order...

In this photo made from UNTV video, Suga Yoshihide, Prime Minister of Japan, speaks in a pre-recorded message which was played during the 75th session of the United Nations General Assembly, Wednesday, Sept. 23, 2020, at UN Headquarters. (UNTV Via AP )

Japan's newly minted prime minister steps into UN limelight

Sep. 25, 2020 6:16 PM EDT

TOKYO (AP) — Japan’s new prime minister, stepping from the shadows of his longtime supporting role, said Saturday in his debut at the U.N. General Assembly that he’s willing to meet with North Korean leader Kim Jong Un without any conditions. The offer comes as Yoshihide Suga — only...