Latest Economy News

Trump's bond with GOP deepens after primary wins, FBI search

Aug. 11, 2022 03:37 AM EDT

NEW YORK (AP) — Donald Trump 's pick for governor in the swing state of Wisconsin easily defeated a favorite of the Republican establishment. In Connecticut, the state that launched the Bush family and its brand of compassionate conservatism, a fiery Senate contender who promoted...

New Zealand house prices finally fall from dizzying heights

Aug. 11, 2022 02:37 AM EDT

WELLINGTON, New Zealand (AP) — New Zealand house prices fell year-on-year for the first time in more than a decade, a report showed Thursday, as rising interest rates finally halted a dizzying boom that had only gained momentum after the coronavirus pandemic first hit. The Real...

Asian shares track Wall Street gains on cooling inflation

Aug. 11, 2022 02:29 AM EDT

BANGKOK (AP) — Shares advanced Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. Hong Kong, Shanghai and Seoul saw gains of more than 1%. Tokyo was closed for a holiday....

At 75, India seeks way forward in big but job-scarce economy

Aug. 11, 2022 02:13 AM EDT

NEW DELHI (AP) — As India’s economy grew, the hum of factories turned the sleepy, dusty village of Manesar into a booming industrial hub, cranking out everything from cars and sinks to smartphones and tablets. But jobs have run scarce over the years, prompting more and more workers to line up...

Georgia's Kemp seeks tax breaks, rebutting Abrams on economy

Aug. 11, 2022 01:45 AM EDT

ATLANTA (AP) — Georgia GOP Gov. Brian Kemp will unfurl his first major policy proposals of his reelection bid Thursday, pledging another state income tax rebate and revival of a long-dormant state property tax break while contending with Democratic challenger Stacey Abrams over who's best for the...

Rhine River could fall below critical mark, risking industry

Aug. 11, 2022 01:39 AM EDT

COLOGNE, Germany (AP) — Water levels on the Rhine River could reach a critically low point in the coming days, German officials said Wednesday, making it increasingly difficult to transport goods — including coal and gasoline — as drought and an energy crisis grip Europe. Weeks...

Cancellation of Atlanta festival sparks new fight over guns

Aug. 11, 2022 01:09 AM EDT

ATLANTA (AP) — Tens of thousands of Music Midtown festivalgoers are no longer going to descend on Atlanta’s massive Piedmont Park next month to cheer on hip-hop star Future or watch beloved rock band My Chemical Romance take the stage. In fact, some people are convinced Atlanta...

Asian shares track Wall Street gains on cooling inflation

Aug. 11, 2022 00:18 AM EDT

BANGKOK (AP) — Shares advanced Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. Hong Kong, Shanghai and Seoul saw gains of more than 1%. Tokyo was closed for a holiday....

Georgia records $21B in state-tracked economic projects

Aug. 10, 2022 22:19 PM EDT

ATLANTA (AP) — Gov. Brian Kemp says Georgia recorded $21.2 billion in state-tracked business investments, with new and expanding companies committing to create 51,000 jobs during the year that ended June 30. The Republican governor, who's touting his achievements as he seeks a...

Japan PM purges Cabinet after support falls over church ties

Aug. 10, 2022 20:49 PM EDT

TOKYO (AP) — Japanese Prime Minister Fumio Kishida reshuffled his Cabinet on Wednesday in an apparent bid to distance his administration from the conservative Unification Church over its ties to the assassinated leader Shinzo Abe and senior ruling party members. The reshuffle,...