Latest Economic stimulus News

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Jan. 3, 2020. Asian stocks were mixed Friday and oil prices surged after an Iranian general was killed by U.S. forces in Iraq. (AP Photo/Ahn Young-joon)

Oil prices surge, stocks slip after US kills Iran general

Jan. 3, 2020 7:46 AM EST

BEIJING (AP) — Oil prices surged and most major global stock markets declined Friday after an Iranian general was killed by U.S. forces in Iraq. Stock indexes in London, Frankfurt and Paris fell, as did Hong Kong's earlier. Shanghai was little-changed and Japanese markets were closed. News that Gen. Qassem...

Jung Ji-won, third from left, chief executive of the Korea Exchange, and Financial Services Commission Chairman Eun Sung-soo, fourth from left, applaud with other participants during the opening of this year's trading in Seoul, South Korea, Thursday, Jan. 2, 2020. The sign read:

Global stocks rise on optimism about US-China deal

Jan. 2, 2020 8:48 AM EST

TOKYO (AP) — Global shares rose Thursday on optimism about a U.S.-China trade deal and the Chinese government's efforts to boost its economy. France's CAC 40 rose 1.4% to 6,058 on the new year's first day of trading, while Germany's DAX was 1% higher at 13,382. Britain's FTSE 100 added 1% as well, to...

China to cut reserve ratio by 50 basis points from Jan. 6

Jan. 1, 2020 5:21 AM EST

BEIJING (AP) — China's central bank said Wednesday it will cut the amount of money banks will be required to have on hand from Jan. 6 in an effort to boost the slowing economy. The People's Bank of China announced that the reserve requirement ratio for financial institutions would be lowered by 50 basis...

FILE — In this Aug. 28, 2019 file photo supporters of a measure to limit when companies can label workers as independent contractors circle the Capitol during a rally in Sacramento, Calif. Gov. Gavin Newsom signed a measure, to take effect in 2020, making it harder for industries to treat workers like contractors instead of employees who are entitled to minimum wage and other benefits. Uber, Lyft and DoorDash have said they'll spend $30 million to put an initiative on the 2020 ballot to overturn the law. (AP Photo/Rich Pedroncelli, File)

California takes lead on laws affecting gig economy, privacy

Dec. 29, 2019 11:42 AM EST

SACRAMENTO, Calif. (AP) — California’s long tradition of advancing nation-leading legislation continues into the new year, with laws reining in the gig economy, boosting online privacy and discouraging shootings by police, among other potential trend-setters. The laws have sent businesses including...

Northam renews 15 'enterprise' zones to boost development

Dec. 24, 2019 4:31 AM EST

RICHMOND, Va. (AP) — Virginia Gov. Ralph Northam is renewing 15 “Virginia Enterprise Zones” aimed at boosting economic development and private investment. Northam announced Monday that the state was extending the designation to sites around Virginia for five years. The state partners with...

FILE  - In this Wednesday, Sept. 4, 2019 file photo, incoming President of the European Central Bank Christine Lagarde speaks to the European Parliament's Economic and Monetary Affairs Committee in Brussels.  Newly appointed European Central Bank head Christine Lagarde makes her first official assessment Thursday, Dec. 12, 2019 of the mixed bag that is the eurozone economy, which suffers from slowing manufacturing and global trade even as consumer spending helps prop up growth. (AP Photo/Francisco Seco, File)

Europe's new central banker aims to put her stamp on the job

Dec. 12, 2019 12:05 PM EST

FRANKFURT, Germany (AP) — Christine Lagarde is wasting no time in putting her stamp on the European Central Bank. The bank's new president said at her first news conference Thursday that she will lead a top to bottom review of how the institution sets monetary policy, looking at everything from how it...

Maine governor releases 10-year economic plan

Dec. 11, 2019 4:49 PM EST

SEARSMONT, Maine (AP) — Maine Gov. Janet Mills is touting an economic plan she released Wednesday that seeks to boost wages and increase the number of skilled workers at a time when thousands of workers are expected to retire from the workforce. Mills unveiled a 10-year economic plan that aims to raise...

New President of European Central Bank Christine Lagarde, right, talks to European Central Bank Vice President Luis de Guindos during a Finance Ministers Eurogroup meeting at the European Council headquarters in Brussels, Friday, Nov. 8, 2019. (AP Photo/Francisco Seco)

Europe's new central bank chief faces slow growth, dissent

Dec. 10, 2019 11:48 AM EST

FRANKFURT, Germany (AP) — Mario Draghi took over as head of the European Central Bank eight years ago amid market speculation that the euro currency union might break up. Christine Lagarde succeeds him with more breathing room - but facing serious challenges from a weak economy, policy differences among...

New Mexico to invest in Las Cruces hemp manufacturing firm

Dec. 4, 2019 6:33 PM EST

LAS CRUCES, N.M. (AP) — A hemp manufacturing business in southern New Mexico will get a boost from the state Economic Development Department. The agency announced Wednesday that it has pledged to invest $400,000 in 420 Valley LLC as part of a continued effort by Gov. Michelle Lujan Grisham's administration...

Report: Legalizing casinos would provide modest boost

Nov. 25, 2019 6:15 PM EST

RICHMOND, Va. (AP) — The research arm of Virginia’s legislature said in a report Monday that legalizing casinos in Old Dominion would provide a modest economic boost, but mean less money for the horse racing industry and heightened risks of people developing gambling addictions. The Joint...