Latest Economy News

Italy, China sign memorandum deepening economic ties

Mar. 23, 2019 10:04 AM EDT

ROME (AP) — Italy signed a memorandum of understanding with China on Saturday in support of Beijing's "Belt and Road" initiative, which aims to weave a network of ports, bridges and power plants linking China with Africa, Europe and beyond. Premier Giuseppe Conte and Chinese President Xi Jinping shook...

Harris to seek federal investment on teacher pay, aide says

Mar. 23, 2019 9:52 AM EDT

WASHINGTON (AP) — Democratic presidential candidate Kamala Harris on Saturday will call for a significant federal investment in teacher pay, a campaign aide says, the first policy proposal that she has put forth since officially launching her 2020 campaign. At a rally in Houston, Harris will argue that the...

AP FACT CHECK: McCain can't respond but his record speaks

Mar. 23, 2019 8:39 AM EDT

WASHINGTON (AP) — President Donald Trump says John McCain failed his fellow veterans, stained public policy and took anti-Trump fake news to the FBI before the 2016 election. McCain can't respond but his record speaks. Trump misrepresented it, on matters stretching from McCain's school days to his funeral,...

In China, Apple's Cook says he's bullish on global economy

Mar. 23, 2019 4:54 AM EDT

BEIJING (AP) — Apple CEO Tim Cook said Saturday that he is "extremely bullish" about the global economy based on the amount of innovation underway, and urged China to continue to "open up" amid complaints from the U.S. and others that it is shutting foreign firms out of key high-tech industries. In a...

New Mexico's February unemployment rate remained 3.1 percent

Mar. 23, 2019 1:59 AM EDT

ALBUQUERQUE, N.M. (AP) — New Mexico's unemployment rate held steady in February. The Department of Workforce Solutions' monthly report released Friday said February's seasonally adjusted unemployment rate was 5.1 percent, unchanged from January 2019 and February 2018. The state's non-farm economy grew by...

Louisiana attorney general: Edwards' budget proposal illegal

Mar. 22, 2019 7:15 PM EDT

BATON ROUGE, La. (AP) — Gov. John Bel Edwards' budget proposal for next year violates the Louisiana Constitution, Republican Attorney General Jeff Landry said in a legal opinion issued Friday that marks his latest dust-up with the Democratic governor. A legal opinion doesn't carry the force of law. But it...

Trump administration announces new Venezuela sanctions

Mar. 22, 2019 6:20 PM EDT

PALM BEACH, Fla. (AP) — The Trump administration stepped up sanctions on Venezuela Friday in response to the kidnapping of a top aide for an leader the U.S wants to see replace the embattled — but not yet ousted — President Nicolas Maduro. The Treasury Department announcement came while the...

Ohio governor to lawmakers: Higher gas tax can 'save lives'

Mar. 22, 2019 6:02 PM EDT

COLUMBUS, Ohio (AP) — Gov. Mike DeWine tried Friday to dial up the pressure on lawmakers to back his proposed gas tax increase by arguing lives were at stake. The Republican governor repeated his insistence that his 18-cent-per-gallon hike, indexed to inflation, is the bare minimum for needed repairs to...

Mississippi jobless rate ticks up in February, payrolls flat

Mar. 22, 2019 5:54 PM EDT

JACKSON, Miss. (AP) — Mississippi's job market was stable in February, with the unemployment rate rising slightly and employer payrolls holding steady. The state's jobless rate ticked up to 4.8 percent in February from 4.7 percent in January. The labor force and number of people reporting jobs both fell....

Failed bank's ex-lawyer charged with fraud conspiracy

Mar. 22, 2019 5:53 PM EDT

NEW ORLEANS (AP) — A former lawyer for a failed New Orleans bank has been charged with conspiracy to commit bank fraud. Gregory St. Angelo was charged Friday in a bill of information filed in federal court in New Orleans. St. Angelo was general counsel for First NBC bank in New Orleans from the year it was...