Latest Economic growth News

World stocks push past growth worries in China, Italy

Oct. 22, 2018 7:21 AM EDT

SINGAPORE (AP) — World markets rose on Monday, brushing off potential concerns about slower growth in China and a downgrade in Italy's credit rating over its plans to ramp up public spending. KEEPING SCORE: Germany's DAX added 0.6 percent to 11,624 and France's CAC-40 was 0.4 percent higher at 5,102....

Asian stocks gain after Chinese assurances over slowdown

Oct. 22, 2018 12:06 AM EDT

SINGAPORE (AP) — Asian markets were mostly higher Monday as Chinese benchmarks rallied after officials put a positive spin on the country's slowing economy. KEEPING SCORE: The Shanghai Composite index jumped 4.2 percent to 2,656.87 and the Hang Seng in Hong Kong surged 2.4 percent to 267,178.16. Japan's...

US stocks wobble at the end of another shaky week of trading

Oct. 19, 2018 7:10 PM EDT

NEW YORK (AP) — U.S. stocks gave up an early rally Friday and struggled to another mixed finish as investors continued to sell former favorites like retailers. Household goods makers rose again as a week of choppy trading concluded. Stocks surged in early trading after better-than-expected reports from...

US home sales fell in September to slowest pace in 3 years

Oct. 19, 2018 1:42 PM EDT

WASHINGTON (AP) — U.S. home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy. The National Association of Realtors said Friday that sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally...

China's growth slows as officials try to reassure investors

Oct. 19, 2018 12:03 PM EDT

BEIJING (AP) — China reported economic growth sank to a post-global crisis low as finance officials launched a media blitz Friday to shore up confidence in its sagging stock market. Growth in the quarter that ended in September slipped to 6.5 percent over a year earlier from the previous quarter's 6.7...

Global stocks mixed as Chinese economy slows

Oct. 19, 2018 7:13 AM EDT

BEIJING (AP) — Global stocks were mixed Friday after data showed Chinese economic growth slowed more than expected but officials moved to shore up the country's markets. KEEPING SCORE: Germany's DAX lost 0.3 percent to 11,556 and France's CAC-40 sank 0.8 percent to 5,078. London's FTSE 100 was flat at...

Asian stocks tumble after Wall Street skids, China slows

Oct. 18, 2018 11:52 PM EDT

BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed. KEEPING SCORE: Tokyo's Nikkei 225 index fell 1.1 percent to 22,411.33 and Seoul's Kospi shed 0.3 percent to 2,141.06. The Shanghai Composite Index was flat...

China's economic growth slows to 6.5 percent in quarter ending in September from previous quarter's 6.7 percent

Oct. 18, 2018 10:15 PM EDT
BEIJING (AP) — China's economic growth slows to 6.5 percent in quarter ending in September from previous quarter's 6.7 percent.

Job growth is found to be no cure for a community's poverty

Oct. 18, 2018 5:12 PM EDT

BALTIMORE (AP) — A healthy dose of job growth has long been seen as a likely cure for poverty. But new research suggests that poor Americans are frequently left behind even when their cities or communities benefit from hiring booms. When such cities as Atlanta and Charlotte enjoyed a job surge in the 20...

Job growth is found to be no cure for a community's poverty

Oct. 18, 2018 5:10 PM EDT

BALTIMORE (AP) — A healthy dose of job growth has long been seen as a likely cure for poverty. But new research suggests that poor Americans are frequently left behind even when their cities or communities benefit from hiring booms. When such cities as Atlanta and Charlotte enjoyed a job surge in the 20...