Latest Economic growth News

Beshear signs bill aimed at rejuvenating western Louisville

Apr. 09, 2021 19:29 PM EDT

LOUISVILLE, Ky. (AP) — Gov. Andy Beshear signed legislation Friday creating a financing plan to stimulate economic growth in western Louisville, calling it a good start to overcoming "decades of neglect.” Rural and urban lawmakers banded together to pass the measure...

Tech company gains help push S&P 500 to record high

Apr. 09, 2021 17:07 PM EDT

Wall Street capped another week of gains with more milestones Friday, as strength in technology and health care stocks helped push the S&P 500 and Dow Jones Industrial Average to all-time highs. The S&P 500 rose 0.8% for its fourth record high this week and third...

Biden open to compromise on infrastructure, but not inaction

Apr. 07, 2021 21:52 PM EDT

President Joe Biden drew a red line on his $2.3 trillion infrastructure plan Wednesday, saying he is open to compromise on how to pay for the package but inaction is unacceptable. The president turned fiery in an afternoon speech, saying that the United States is failing...

Asian stocks mixed after lackluster day on Wall Street

Apr. 06, 2021 23:52 PM EDT

TOKYO (AP) — Asian shares were mixed Wednesday after Wall Street took a breather, with major indexes edging lower. Japan's benchmark Nikkei fell 0.5% to 29,544.93 and the Shanghai Composite index sank 0.7% to 3,459.25. Australia's S&P/ASX 200 gained 0.3% to...

IMF upgrades forecast for 2021 global growth to a record 6%

Apr. 06, 2021 09:13 AM EDT

WASHINGTON (AP) — The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast. The...

Asian stocks mixed after Wall St rally on economic optimism

Apr. 05, 2021 23:42 PM EDT

TOKYO (AP) — Asian shares were mixed Tuesday after a Wall Street rally that reflected some optimism about the economy recovering from the pandemic. Japan's benchmark Nikkei 225 lost early gains and fell nearly 0.2% to 30,038.44 in morning trading. South Korea's Kospi...

Vietnam National Assembly selects prime minister, president

Apr. 05, 2021 06:12 AM EDT

HANOI, Vietnam (AP) — Vietnam's legislature voted Monday to make Pham Minh Chinh, a member of the Communist party with a history as a security official, the country's next prime minister. Outgoing Prime Minister Nguyen Xuan Phuc was appointed the new president. The...

From child care to COVID, rising job market faces obstacles

Apr. 03, 2021 10:36 AM EDT

WASHINGTON (AP) — A surge in hiring in the United States last month — 916,000 added jobs, the most since August — coincides with growing confidence that a blistering pace of job growth will continue as vaccinations increase and federal aid fuels economic growth. ...

Russian entrepreneurs adapt to virus lockdown challenges

Apr. 02, 2021 03:40 AM EDT

MOSCOW (AP) — Valentina Konstantinova remembers well when Russia locked down for the coronavirus a year ago. Her 18-room boutique hotel, called Skazka, or “Fairytale,” was full, and within a couple of days, it had only one guest left. “I still don’t understand...

Survey: strong economic growth continues in the region

Apr. 01, 2021 12:16 PM EDT

OMAHA, Neb. (AP) — Strong economic growth is expected to continue in nine Midwest and Plains states over the next few months as businesses continue to recover from the coronavirus pandemic, according to a new monthly survey of business leaders released Thursday. The...