Latest Economy News

World shares mostly higher ahead of US price data

Jun. 24, 2021 04:54 AM EDT

BANGKOK (AP) — World shares were mostly higher Thursday as investors awaited new U.S. inflation data. Benchmarks rose in Paris, Frankfurt and Hong Kong but were flat in Tokyo and Shanghai. Fresh data on inflation will come on Friday with the...

Asian shares mostly higher after listless session on Wall St

Jun. 24, 2021 00:34 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Thursday after a listless day of trading on Wall Street as the recent bout of nerves over Federal Reserve policy fades. Markets advanced in Tokyo, Seoul and Hong Kong while Sydney and Shanghai declined. ...

Harris to visit US-Mexico border area regarding migration

Jun. 23, 2021 22:27 PM EDT

WASHINGTON (AP) — Vice President Kamala Harris will make her first visit on Friday to the U.S.-Mexico border since taking office, following criticism from members of both parties for failing to go earlier despite her role leading the Biden administration’s response to a steep increase in...

Economists detail recovery of New Mexico oil production

Jun. 23, 2021 20:14 PM EDT

ALBUQUERQUE, N.M. (AP) — Legislative analysts say New Mexico is the only top oil-producing state to have recovered to pre-pandemic levels of production, but they warned Wednesday that the market remains volatile. Staff members with the Legislative Finance Committee...

N. Carolina bill ending extra $300 benefits heads to Cooper

Jun. 23, 2021 19:34 PM EDT

RALEIGH, N.C. (AP) — North Carolina would end offering supplemental benefits from the federal government to the state's unemployed in roughly a month under legislation finalized Wednesday by Republicans in charge of the General Assembly. But House and Senate Democrats...

Editorial Roundup: New York

Jun. 23, 2021 18:09 PM EDT

New York Post. June 21, 2021. Editorial: ‘Progressive’ Maya Wiley is anything but When Al Sharpton faults you for your (lack of) work on diversity, you know you have a real problem running as a progressive. But mayoral candidate Maya Wiley is...

Delaware House approves budget bill for upcoming fiscal year

Jun. 23, 2021 18:01 PM EDT

DOVER, Del. (AP) — House lawmakers on Wednesday approved a spending plan for the fiscal year starting July 1 that adds hundreds of millions of dollars to the budget that Democratic Gov. John Carney proposed in January. House members voted 38-1, with two abstentions, for...

Supreme Court: Mortgage overseer structure unconstitutional

Jun. 23, 2021 17:28 PM EDT

WASHINGTON (AP) — The Supreme Court on Wednesday gave the president greater power to fire the head of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, ruling that the agency's structure violates separation of powers principles in the Constitution. ...

Baker files legislation proposing 2-month sales tax holiday

Jun. 23, 2021 17:15 PM EDT

BOSTON (AP) — Gov. Charlie Baker on Wednesday proposed expanding the state's annual two-day sales tax holiday to a two-month event this year in an effort to supercharge the post-pandemic economy. The state can afford a 60-day period free of most sales taxes thanks to...

Yellen: Failure to raise debt limit would be 'catastrophic'

Jun. 23, 2021 16:55 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that could bring on a financial crisis. Testifying before a Senate Appropriations...