Latest Economic stimulus News

Trump honors economist who advised him on lowering taxes

Jun. 19, 2019 6:35 PM EDT

WASHINGTON (AP) — President Donald Trump awarded the Presidential Medal of Freedom on Wednesday to economist Arthur Laffer, whose disputed theories on tax cuts have guided Republican policy since the 1980s. Laffer, 78, advised Trump during his presidential campaign and co-wrote a flattering book,...

Asian shares up on trade optimism as Trump hints of Xi talks

Jun. 18, 2019 11:32 PM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to 21,321.17 in early trading. Australia's S&P/ASX 200 rose 1.0% to 6,637.70. South...

How major US stock indexes fared Tuesday

Jun. 18, 2019 4:54 PM EDT

Technology companies powered stocks solidly higher on Wall Street Tuesday as traders hoped that a meeting next week between President Donald Trump and President Xi Jinping of China will ease trade tensions between the two economic powers. Markets also got a boost after the head of the European Central Bank said...

Markets Right Now: Trade deal hopes send US stocks higher

Jun. 18, 2019 4:06 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly higher on Wall Street as traders hoped that a meeting next week between President Donald Trump and President Xi Jinping of China could ease trade tensions between the two economic powers....

European Central Bank hints at stimulus _ drawing Trump ire

Jun. 18, 2019 12:40 PM EDT

FRANKFURT, Germany (AP) — The European Central Bank could unleash more stimulus if the economy doesn't pick up soon, its president warned Tuesday, sparking a sharp drop in the euro and drawing an angry tweet from U.S. President Donald Trump. Mario Draghi told a conference in Sintra, Portugal, that the ECB...

France plans to change jobless benefits, unions to protest

Jun. 18, 2019 12:11 PM EDT

PARIS (AP) — French President Emmanuel Macron's government has unveiled plans to make it more difficult for the unemployed to claim benefits, as part of an overhaul of France's labor market that aims to boost the nation's economy. Labor Minister Muriel Penicaud said Tuesday that the changes were "tough,...

France pledges to reform economy, boost competitiveness

Jun. 12, 2019 12:29 PM EDT

PARIS (AP) — France's prime minister said Wednesday that the government of President Emmanuel Macron plans to keep reforming the economy to boost its competitiveness, with changes to unemployment benefits and the pension system and plans to help out middle-class workers with tax cuts. Addressing the lower...

After Fed, Europe also helps economy cope with trade war

Jun. 6, 2019 11:17 AM EDT

VILNIUS, Lithuania (AP) — The European Central Bank has taken action to support the economy in the 19-country eurozone, joining other major central banks like the U.S. Federal Reserve in responding to fears about global growth. The ECB said Thursday it would extend the earliest date for an interest rate...

The Latest: European Central Bank ready to help economy more

Jun. 6, 2019 9:25 AM EDT

VILNIUS, Lithuania (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:25 p.m. European Central Bank President Mario Draghi said the bank is ready to "use all the instruments that are in the toolbox" to support the economy if needed. Draghi even said that members...

Trump to award Medal of Freedom to 'Trumponomics' co-author

May. 31, 2019 5:27 PM EDT

WASHINGTON (AP) — President Donald Trump is set to award the Presidential Medal of Freedom to economist Arthur Laffer, who co-wrote a book about him. The White House made the announcement Friday. Laffer is known as the father of supply side economics, which gained popularity under President Ronald Reagan...