Latest Economy News

The Latest: Trump kicks off 2020 bid by airing grievances

Jun. 19, 2019 3:06 AM EDT

ORLANDO, Fla. (AP) — The Latest on President Donald Trump (all times local): 10:20 p.m. President Donald Trump has kicked off his reelection campaign with a grievance-filled rally that focused more on settling scores than on laying out his agenda for a second term. On Tuesday night in Orlando, Florida,...

Asian shares up on trade optimism as Trump hints of Xi talks

Jun. 19, 2019 3:02 AM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to finish at 21,333.87. Australia's S&P/ASX 200 rose 1.2% to 6,648.10. South Korea's...

Russia, China block UN from saying NKorea violated sanctions

Jun. 19, 2019 12:14 AM EDT

UNITED NATIONS (AP) — Russia and China have blocked the U.N. Security Council committee monitoring sanctions against North Korea from declaring that Pyongyang breached the annual limit for importing refined petroleum products which are key for its economy, two U.N. diplomats said Tuesday. The diplomats...

Fed could signal a policy shift toward future rate cuts

Jun. 19, 2019 12:06 AM EDT

WASHINGTON (AP) — The Federal Reserve seems poised to pivot from keeping interest rates steady to holding out the option of cutting rates if it were to decide that the economic expansion needs support. The Fed isn't considered ready to announce that it's reducing rates for the first time in more than a...

Asian shares up on trade optimism as Trump hints of Xi talks

Jun. 18, 2019 11:32 PM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to 21,321.17 in early trading. Australia's S&P/ASX 200 rose 1.0% to 6,637.70. South...

AP FACT CHECK: In 2020 debut, Trump exaggerates growth

Jun. 18, 2019 10:07 PM EDT

WASHINGTON (AP) — President Donald Trump officially opened his 2020 campaign Tuesday with a speech exaggerating what he's done for the economy and against illegal immigration. Some claims from his rally in Orlando, Florida: ECONOMY TRUMP: "It's soaring to incredible new heights. Perhaps the greatest...

China, North Korea look to strengthen ties amid US disputes

Jun. 18, 2019 9:27 PM EDT

SEOUL, South Korea (AP) — Chinese President Xi Jinping travels to North Korea to meet leader Kim Jong Un this week looking to strengthen their sometimes shaky bond at a time when both are locked in dispute with the United States — Xi over trade and Kim over nuclear weapons. Here's a look at what...

Senate leaders agree on measure to care for refugees

Jun. 18, 2019 7:17 PM EDT

WASHINGTON (AP) — The top Republican and Democrat on a key Senate panel have agreed on a $4.6 billion measure to house and care for immigrant refugees flocking across the U.S.-Mexico border — a long-delayed step toward averting a humanitarian tragedy at overcrowded and inadequate federal facilities...

Boris Johnson builds lead in race to be UK prime minister

Jun. 18, 2019 7:00 PM EDT

LONDON (AP) — Former Foreign Secretary Boris Johnson increased his lead in the race to become Britain's next prime minister Tuesday in a Conservative Party vote that eliminated one of his rivals and enabled upstart candidate Rory Stewart to defy expectations by remaining in the contest. Johnson, a...

Republicans: 'All options' on table to stop cap and trade

Jun. 18, 2019 6:11 PM EDT

SALEM, Ore. (AP) — Oregon Senate Republicans issued a thinly veiled threat Tuesday to block a vote on what would become the nation's second economy wide cap and trade program. Senate Republican Leader Herman Baertschiger, Jr., said in a statement that Republicans are "prepared to take action to stop"...