Latest Economy News

Wet fields, tariffs worry SE Missouri soybean farmers

May. 19, 2019 1:20 PM EDT

CAPE GIRARDEAU, Mo. (AP) — Soybean farmers in southeast Missouri say they're worried about what one called a "train wreck" combination of tariffs and weather. Soybeans are Missouri's top cash crop, and roughly one-third of all soybeans grown in southeast Missouri go to China. Now that trade talks have...

Trump's 'great patriot' farmers follow him into a trade war

May. 19, 2019 12:02 PM EDT

MADRID, Iowa (AP) — Iowa farmer Tim Bardole survived years of low crop prices and rising costs by cutting back on fertilizer and herbicides and fixing broken-down equipment rather than buying new. When President Donald Trump's trade war with China made a miserable situation worse, Bardole used up any...

In Iran, a plunging economy trumps fears of US confrontation

May. 19, 2019 11:56 AM EDT

TEHRAN, Iran (AP) — Across Iran's capital, the talk always seems to come back to how things may get worse. Battered by U.S. sanctions and its depreciating rial currency, Iran's 80 million people struggle to buy meat, medicine and other staples of daily life. Now they wonder aloud about America's intentions...

A look at efforts to make legal pot foster social justice

May. 19, 2019 10:31 AM EDT

NEW YORK (AP) — Questions about marijuana and social justice have played a prominent role this year in several U.S. states' debates about pot legalization. But other states and cities where recreational or medical marijuana already is legal have also endeavored to make up for the consequences and racial...

Report: Railroad accounts for $17M in economic impact

May. 19, 2019 8:19 AM EDT

LINCOLN, N.H. (AP) — An analysis says the Hobo & Winnipesaukee Scenic Railroad in New Hampshire accounts for more than $17.4 million in total economic impact annually. The report released by Stone Consulting of Warren, Pennsylvania, says that amount affects nearly 380 full and part-times jobs in the...

Elder care homes rake in profits as workers earn a pittance

May. 19, 2019 3:01 AM EDT

She alights from a black Ferrari convertible, her Christian Louboutin stilettos glinting in the sunlight. The lid of her black lacquer grand piano is propped open in the living room of her plush Beverly Hills home. "I own a chain of elderly care facilities," she says into the camera on Bravo's reality television...

Indiana halts funds for Regional Cities grants in new budget

May. 18, 2019 3:21 PM EDT

INDIANAPOLIS (AP) — A state grant program created by former Indiana Gov. Mike Pence that funded three regional economic development efforts has been dropped despite supporters lauding its success. Pence and the General Assembly launched the Regional Cities Initiative in 2015 and awarded three $42 million...

Argentina's Fernández announces vice presidential bid

May. 18, 2019 3:18 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina's former President Cristina Fernández announced on Saturday her candidacy for vice president in October's general elections, a surprising move that now puts a more moderate challenger at the helm of the presidential ticket. In a video posted on Twitter on...

China's ban on scrap imports a boon to US recycling plants

May. 18, 2019 12:17 PM EDT

ALBANY, N.Y. (AP) — The halt on China's imports of wastepaper and plastic that has disrupted U.S. recycling programs has also spurred investment in American plants that process recyclables. U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that previously...

State lawmakers weigh action as housing squeeze tightens

May. 18, 2019 11:35 AM EDT

BOSTON (AP) — By nearly any measure, the Massachusetts economy is booming. Thousands of jobs are being created and unemployment is at historic lows. The flip side? Try finding a place to live that won't break the budget. The realities of a housing market where affordable homes, condos and apartments are...