Latest Economic growth News

Clouds grow over German economy after stocks hit bear market

Dec. 18, 2018 6:27 AM EST

BERLIN (AP) — Worries are growing about the strength of the German economy, Europe's largest, after a key indicator suggested fears about trade wars and Brexit are hitting business activity and after the country's main stocks index slid into a bear market. The Ifo Institute said Tuesday its business...

For Trump, the economy is a potential 2020 storm cloud

Dec. 18, 2018 12:28 AM EST

WASHINGTON (AP) — Forget Robert Mueller. The greatest threat to President Donald Trump's re-election bid may not be the slew of investigations closing in on his Oval Office but a possible economic slowdown. And the president knows it. The Dow Jones Industrial Average fell again Monday, the latest dip in...

Asian shares slip as traders ready for Fed rate hike

Dec. 17, 2018 10:46 PM EST

SINGAPORE (AP) — Asian stocks fell on Tuesday, tracking losses on Wall Street as traders braced for an interest rate hike by Federal Reserve. KEEPING SCORE: Japan's Nikkei 225 index was 1.2 percent lower at 21,242.66 and the Kospi in South Korea dropped less than 0.1 percent to 2,070.54. Hong Kong's Hang...

After the Fed's likely rate hike this week, all bets are off

Dec. 17, 2018 6:09 PM EST

WASHINGTON (AP) — Having raised interest rates with steady regularity in recent months, the Federal Reserve may embrace a new message this week: Flexibility. On Wednesday, the Fed is set to announce its fourth rate hike of the year. But after this week, no one is sure what it will do. Neither, most likely,...

Stocks plunge to 8-month lows on growth fears; J&J nosedives

Dec. 14, 2018 5:22 PM EST

NEW YORK (AP) — Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the global economy. Mounting tensions in Europe over Britain's impending departure from the European Union also darkened traders' moods. Major U.S. indexes fell about 2...

Dow drops 500 as traders worry about slowing economic growth in China, disarray surrounding Britain's plans to exit EU

Dec. 14, 2018 2:41 PM EST
NEW YORK (AP) — Dow drops 500 as traders worry about slowing economic growth in China, disarray surrounding Britain's plans to exit EU.

The debt threat: Business debt, and worries about it, are up

Dec. 14, 2018 12:36 PM EST

NEW YORK (AP) — Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn't get the message. For much of the past decade, companies have borrowed at super-low interest rates and used the money to buy back stock,...

US retail sales rose 0.2% in Nov., helped by holiday boost

Dec. 14, 2018 9:23 AM EST

WASHINGTON (AP) — U.S. retail sales increased a slight 0.2% in November, as strong sales tied to holiday shopping were offset by lower gasoline prices. Excluding gas, however, the Commerce Department said Friday that last month's retail sales rose a healthy 0.5% in a positive sign for economic growth....

Asian shares fall on poor Chinese economic data

Dec. 13, 2018 11:00 PM EST

SINGAPORE (AP) — Asian markets tumbled on Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy. KEEPING SCORE: Japan's Nikkei 225 index slid 1.7 percent to 21,439.16 and the Kospi in South Korea lost 1.2 percent to...

Eurozone stimulus program to end as growth worries resurface

Dec. 13, 2018 10:47 AM EST

FRANKFURT, Germany (AP) — The European Central Bank is ending the massive stimulus program that helped nurse the eurozone economy back to health over the past four years — despite the emergence of new risks including a global trade war and Brexit. Thursday's decision to stop the bank's monthly bond...