Latest Economic policy News

Trump summons Powell to discuss rates amid WH attacks on Fed

Nov. 18, 2019 1:52 PM EST

WASHINGTON (AP) — President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates — issues on which Trump has repeatedly attacked the Fed. The Fed said in a statement that Powell’s message to Trump during their...

Stocks subdued after US record highs, eyes on trade talks

Nov. 18, 2019 7:59 AM EST

TOKYO (AP) — Global markets were subdued Monday as investors look for developments in the U.S.-China trade war and the outlook for stocks after Wall Street indexes hit record highs last week. France’s CAC 40 slipped 0.1% to 5,931 and Germany’s DAX also fell 0.1% to 13,229. Britain’s...

AP Explains: Iran gas price protests quickly turn violent

Nov. 18, 2019 7:10 AM EST

DUBAI, United Arab Emirates (AP) — Protests over gasoline prices have swept across some 100 cities and towns in Iran, turning violent faster than widespread economic protests in 2017 and rallies over the country’s disputed 2009 presidential election. The scale of the unrest that began on Friday...

Asian shares mixed amid cautious mood, eyes on trade talks

Nov. 17, 2019 10:21 PM EST

TOKYO (AP) — Asian shares are mixed Monday in a cautious mode after Wall Street closed out the week with milestones as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Japan’s benchmark Nikkei 225 inched up nearly 0.2% to 23,344.06...

Partisan divide seen in how local news should be propped up

Nov. 17, 2019 1:38 PM EST

NEW YORK (AP) — The nation’s partisan divide is evident when Americans are asked about what should be done to help the nation’s struggling local news industry. While two-thirds of Democrats say news organizations in need should be able to receive government or private funding in order to...

Protests grip major Iran cities over gas prices; 1 killed

Nov. 16, 2019 8:27 PM EST

DUBAI, United Arab Emirates (AP) — Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The...

UN adds explosive components ban to Somalia arms embargo

Nov. 15, 2019 6:30 PM EST

UNITED NATIONS (AP) — The U.N. Security Council on Friday extended an arms embargo on Somalia and a ban on trade in charcoal, a key source of funds for al-Shabab extremists — and it imposed a new ban on ingredients for explosive devices the group is increasingly using. The vote on the...

Stocks end week of milestones at new highs; Dow tops 28,000

Nov. 15, 2019 5:41 PM EST

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly...

Markets Right Now: Trade hopes send stocks to records

Nov. 15, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing at all-time highs after U.S. officials said they’re making progress in the latest push for a trade agreement with China. Technology stocks were the biggest winners Friday. Applied Materials...

Global shares mostly rise on talk of China-US trade deal

Nov. 15, 2019 7:39 AM EST

BANGKOK (AP) — Shares mostly rose on Friday after U.S. governments officials said they were getting close to an agreement with China to cool tensions over trade. Germany’s DAX rose 0.2% to 13,208, and France’s CAC 40 gained 0.4% to 5,922. Futures for the Dow Jones Industrial Average and the...