Latest Economic growth News

Economic reggae: Jamaican bank sells recovery with songs

Jun. 18, 2019 10:41 AM EDT

KINGSTON, Jamaica (AP) — Jamaica's central bank thinks the country's economy is doing very well and it is using an instantly recognizable symbol of the island to get this message to the people: reggae music. In the bank's latest video, reggae artist Tarrus Riley uses his throaty vocals to praise low,...

Asian markets mostly edge higher ahead of Fed meeting

Jun. 17, 2019 11:43 PM EDT

SINGAPORE (AP) — Stocks in Asia mostly advanced Tuesday ahead of interest rate decisions by the U.S. Federal Reserve and other central banks. The Kospi in South Korea gained 0.5% to 2,101.43, and Hong Kong's Hang Seng picked up 0.9% to 27,471.19. The Shanghai Composite index jumped 0.2% to 2,892.53, while...

How major US stock indexes fared Monday

Jun. 17, 2019 4:37 PM EDT

U.S. stocks posted slight gains on Wall Street on Monday, adding a bit to the last two weeks of gains. However, trading remains choppy as uncertainty continued over several ongoing trade disputes and their possible effect on economic growth. On Monday: The S&P 500 index rose 2.69 points, or 0.1%, to 2,889.67....

Stocks post small losses; investors look ahead to Fed

Jun. 14, 2019 5:02 PM EDT

NEW YORK (AP) — Stocks ended a choppy week of trading with modest losses Friday as investors look forward to getting more clues about the direction of interest rates. Technology shares drove the declines, and energy stocks also fell a day after leading the market. Some late-day gains in banks and insurers...

Major oil companies commit to carbon pricing at Vatican

Jun. 14, 2019 3:48 PM EDT

VATICAN CITY (AP) — Some of the world's major oil producers pledged Friday to support "economically meaningful" carbon pricing regimes after a personal appeal from Pope Francis to avoid "perpetrating a brutal act of injustice" against the poor and future generations. The companies, including ExxonMobil,...

Trump says he plans to keep criticizing Fed over rates

Jun. 14, 2019 12:22 PM EDT

WASHINGTON (AP) — President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve's interest rate policies even though he knows he has made Chairman Jerome Powell's job more difficult. Trump told ABC News in an interview released Friday that he thinks economic growth and...

GOP leaders: Economy helped remove kids from TennCare rolls

Jun. 12, 2019 7:01 PM EDT

NASHVILLE, Tenn. (AP) — Top Republican elected officials in Tennessee say their state's improved economy is partly why at least 128,000 children were cut from its low-income health insurance programs over the past two years — but Democrats and some health care advocates dispute that contention. Gov....

Trump: US sending 1,000 more troops to ally Poland

Jun. 12, 2019 6:50 PM EDT

WASHINGTON (AP) — The United States will send 1,000 more troops to Poland as part of a growing security and economic partnership between the two countries, President Donald Trump said Wednesday. He and Polish President Andrzej Duda differed over Russia's intentions toward the U.S. ally. At a time of...

Asian stocks mostly lower after retreat on Wall Street

Jun. 12, 2019 2:15 AM EDT

TOKYO (AP) — Shares were mostly lower in Asia on Wednesday and Hong Kong's Seng index tumbled 1.7% as thousands continued protests against proposed legislation that many city residents fear could further erode the territory's legal autonomy. Renewed jitters over the trade war between the U.S. and China...

Investors should guard against tunnel vision on trade wars

Jun. 11, 2019 5:26 PM EDT

NEW YORK (AP) — Once this trade-war cloud gets lifted, investors should have little to worry about, right? Monday's market action makes it seem that way: Stocks around the world climbed after President Donald Trump withdrew a threat to impose tariffs on Mexico, at least for now. That leaves investors...