Latest Economy News

The Latest: Married Nobel winners recount wake-up call

Oct. 14, 2019 12:33 PM EDT

STOCKHOLM (AP) — The Latest on the Nobel prize in economics (all times local): 6:30 p.m. Abhijit Banerjee and Esther Duflo say they weren't quite sure how to react when the married couple's Nobel Economics Prize wake-up call came. Duflo says that when the phone rang early Monday, she answered and was told...

The Latest: Ireland: Brexit talks could go into next week

Oct. 14, 2019 11:57 AM EDT

LONDON (AP) — The Latest on Brexit (all times local): 5:55 p.m. Both Ireland and Spain are starting to say the Brexit negotiations could well spill beyond this week and go right down to the wire at the end of the month. Irish Foreign Minister Simon Coveney said late Monday it was "too early to say if it is...

Stocks stall in midday trading as caution lingers over trade

Oct. 14, 2019 11:55 AM EDT

NEW YORK (AP) — Stocks stalled in midday trading on Wall Street Monday as investors remain cautious about the prospects of a full trade agreement between the U.S. and China. Technology and health care stocks were posting some solid gains even as the energy sector fell because of a decline in the price of...

3 economists who study poverty win Nobel Prize

Oct. 14, 2019 11:53 AM EDT

STOCKHOLM (AP) — Two researchers from the Massachusetts Institute of Technology and a third from Harvard University won the 2019 Nobel Prize in economics on Monday for groundbreaking research into what works and what doesn't in the fight to reduce global poverty. The award went to MIT's Abhijit Banerjee...

Markets Right Now: Stocks wobble as trade questions linger

Oct. 14, 2019 11:47 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are wobbling between gains and losses as investors remain cautious about the prospects of a full trade agreement between the U.S. and China. Technology and health care stocks were rising in midday trading...

Conservatives dominate Polish vote, capitalize on spending

Oct. 14, 2019 9:53 AM EDT

WARSAW, Poland (AP) — Poland's conservative ruling Law and Justice party capitalized on its popular social spending policies to do even better at the ballot box than when it swept to power four years ago, according to nearly complete results reported Monday. If confirmed, the results from Sunday's general...

Iran's Guard says it detains Paris-based exiled journalist

Oct. 14, 2019 9:24 AM EDT

TEHRAN, Iran (AP) — Iran's paramilitary Revolutionary Guard said Monday it arrested an exiled journalist who helped fan the flames of nationwide economic protests that struck the country at the end of 2017. Meanwhile, Iran's president said his country was prepared to begin using even more-advanced...

Global stocks turn lower as US-China tariff truce in focus

Oct. 14, 2019 7:44 AM EDT

BEIJING (AP) — Global shares turned lower Monday after the U.S. and China announced a truce on tariff hikes but uncertainty remained over their wide-ranging economic dispute. London and Frankfurt declined and Wall Street was set for small losses on the open, while Asian markets largely closed higher....

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,...