Latest Economic growth News

US Interior Department activities generated $8B for Colorado

Oct. 16, 2019 4:17 PM EDT

GRAND JUNCTION, Colo. (AP) — Activities managed by the U.S. Department of Interior have resulted in about $8 billion contributed to Colorado's gross domestic product primarily from energy and mineral development. The Grand Junction Daily Sentinel reports that the Interior Department released a report...

US retail sales dip 0.3% in September

Oct. 16, 2019 10:15 AM EDT

WASHINGTON (AP) — Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and turbulent markets are having an impact on consumer spending. Retail sales fell 0.3% last month following a 0.6% gain in August, the Commerce Department reported...

Excerpts from recent editorials in newspapers in Illinois

Oct. 15, 2019 3:47 PM EDT

October 13, 2019 Chicago Sun-Times A smart way to grow police and fire pensions across Illinois A state mired in pension debt at all levels can't miss a chance to fix at least part of the problem. Consolidating downstate and suburban police and firefighter pensions - an idea supported by Gov. J.B. Pritzker -...

UK labor market weakening amid Brexit uncertainty

Oct. 15, 2019 10:17 AM EDT

LONDON (AP) — Brexit uncertainty appears to be finally affecting Britain's labor market, which has been resilient over the past three years in spite of a slowdown in economic growth. With the scheduled Brexit deadline of Oct. 31 looming, it's increasingly clear that firms are beginning to hold back on...

China's auto sales sink 6.3% in September

Oct. 14, 2019 6:42 AM EDT

BEIJING (AP) — China's auto sales sank 6.3% in September from a year earlier and purchases of electric cars tumbled 34.2% at a time when the industry is spending heavily to meet government sales quotas for the technology, an industry group reported Monday. The global industry's biggest market is on track...

China's trade with US shrinks again in September

Oct. 14, 2019 6:33 AM EDT

BEIJING (AP) — China's trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession. Exports to the United States, China's biggest foreign market, fell 21.9% to $36.5 billion, a deterioration from August's 16% decline,...

AP FACT CHECK: Trump's premature win on trade, Syria fiction

Oct. 14, 2019 1:13 AM EDT

WASHINGTON (AP) — It was a week of caustic rhetoric by President Donald Trump over Syria and the impeachment inquiry, and truth often took a beating. Seeking to justify pulling U.S. troops out of Syria, Trump spread false information about the total defeat of the Islamic State and misrepresented the scope...

Mozambique braces for 'ill-tempered and nasty' election

Oct. 13, 2019 8:16 AM EDT

MAPUTO, Mozambique (AP) — Mozambique's elections on Tuesday are almost certain to be won by the ruling Frelimo party and President Filipe Nyusi but it is unclear if the results will bring badly needed stability and economic growth. The southern African nation of nearly 30 million people has a strategic...

AP FACT CHECK: Trump's shoddy info on Syria, impeachment

Oct. 12, 2019 1:05 PM EDT

WASHINGTON (AP) — President Donald Trump spread shoddy information about Syria, the economy and matters at the heart of the impeachment inquiry against him in a week of caustic rhetoric. Some examples: TRUMP, on Hunter Biden, whose father is former Vice President Joe Biden, a Trump political rival: "Guy...

Asian stocks follow Wall Street higher on trade optimism

Oct. 10, 2019 11:58 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher Friday on optimism about U.S.-Chinese talks on ending a tariff war. Benchmarks in Tokyo, Hong Kong and Seoul advanced, while Shanghai edged lower following a week of gains. Traders were encouraged by President Donald Trump's plan to meet...