Latest Economy News

Biden hosts Indo-Pacific leaders as China concerns grow

Sep. 24, 2021 22:40 PM EDT

WASHINGTON (AP) — Meeting with the leaders of India, Australia and Japan, President Joe Biden declared Friday that the U.S. and other members of the Indo-Pacific alliance known as “the Quad" are showing they “know how to get things done" in an increasingly complicated corner of the...

China issues dominate election of Taiwan opposition leader

Sep. 24, 2021 22:07 PM EDT

TAIPEI, Taiwan (AP) — Fraught relations with neighboring China are dominating Saturday's election for the leader of Taiwan’s main opposition Nationalist Party. Four candidates, including incumbent Chairman Johnny Chiang, are competing for the leadership of the party...

New Mexico governor tours refugee center, talks business

Sep. 24, 2021 19:35 PM EDT

ALBUQUERQUE, N.M. (AP) — Gov. Michelle Lujan Grisham visited southern New Mexico on Friday to talk with fellow elected Democratic leaders and business groups about economic development and to tour a military base near the U.S.-Mexico border where Afghan refugees are being housed. ...

Carnival loses $2.8 billion but sees solid 2022 bookings

Sep. 24, 2021 18:09 PM EDT

Carnival Corp. lost $2.8 billion in the third quarter, but shares rose Friday after the cruise line operator said bookings for the second half of next year are running ahead of 2019 levels. Cruising investors are looking for any glimmer of hope for an industry that has...

Ohio governor lobbyist resigns; was linked to bribery probe

Sep. 24, 2021 17:50 PM EDT

COLUMBUS, Ohio (AP) — Ohio Gov. Mike DeWine's top lobbyist, a man linked to an ongoing federal bribery probe but never charged, resigned Friday after three years on the job. Legislative Director Dan McCarthy cited “the pace and grind” of the job and referred to...

COVID at the UN: One topic, used to make many points

Sep. 24, 2021 17:47 PM EDT

For the United States, COVID-19 was about leadership and “a dose of hope.” For Iran, it was about the inhumanity of sanctions. Tiny Palau, largely virus-free, used its precious speech minutes to praise Taiwan for its support during the pandemic — and, not incidentally, to urge the...

Stocks end mixed on Wall Street, S&P 500 manages weekly gain

Sep. 24, 2021 16:59 PM EDT

Wall street closed out a choppy week of trading Friday with a mixed finish for the major stock indexes, though the S&P 500 managed its first weekly gain in three weeks. The benchmark index rose 0.1% after spending much of the day wavering between small gains and...

Washington state revenues up nearly $1 billion

Sep. 24, 2021 16:56 PM EDT

OLYMPIA, Wash. (AP) — Washington state's economy is projected to have nearly $1 billion more than previously assumed through mid-2023. Updated numbers by the Economic and Revenue Forecast Council released Friday show that projected revenue collections for the 2021-2023...

How major US stock indexes fared Friday

Sep. 24, 2021 16:26 PM EDT

Stocks ended a wobbly day with mixed results on Wall Street Friday as the market cooled off following a two-day rally. The S&P 500 edged higher and notched a gain for the week, breaking a two-week losing streak. The Dow Jones Industrial Average also rose, while the...

Powell meets a changed economy: Fewer workers, higher prices

Sep. 24, 2021 15:28 PM EDT

WASHINGTON (AP) — Restaurant and hotel owners struggling to fill jobs. Supply-chain delays forcing up prices for small businesses. Unemployed Americans unable to find work even with job openings at a record high. Those and other disruptions to the U.S. economy —...