Latest Economy News

People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Jan. 24, 2020. Shares are mostly higher in quiet trading as China closes down for its week-long Lunar New Year festival. (AP Photo/Eugene Hoshiko)

Asian markets gain as China closes down for Lunar New Year

Jan. 24, 2020 2:31 AM EST

BANGKOK (AP) — Shares were mostly higher in quiet trading on Friday in Asia as China began a week-long Lunar New Year festival that is being overshadowed by the outbreak of a new virus that has killed 25 people and sickened more than 800. Japan's Nikkei 225 index rose less than 0.1% to 23,827.18 and in...

People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Jan. 24, 2020. Shares are mostly higher in quiet trading as China closes down for its week-long Lunar New Year festival. (AP Photo/Eugene Hoshiko)

Asian markets gain as China closes down for Lunar New Year

Jan. 24, 2020 12:08 AM EST

BANGKOK (AP) — Shares were mostly higher in quiet trading on Friday in Asia as China began a week-long Lunar New Year festival that is being overshadowed by the outbreak of a new virus that has killed 25 people and sickened more than 800. Japan's Nikkei 225 index rose less than 0.1% to 23,811.54 and in...

President Donald Trump pauses as he arrives at Miami International Airport en route to attend the Republican National Committee winter meetings, Thursday, Jan. 23, 2020, in Miami. (AP Photo/ Evan Vucci)

Trump to sign U.S.-Mexico-Canada trade deal Wednesday

Jan. 23, 2020 8:12 PM EST

MIAMI (AP) — President Donald Trump will hold a signing ceremony for the U.S.-Mexico-Canada trade agreement on Wednesday, according to the White House. The deal to modernize the North American Free Trade Agreement passed on bipartisan votes in Congress, scoring the president a significant political victory...

Nevada initiative spurs proposals for 2,000 housing units

Jan. 23, 2020 7:42 PM EST

RENO, Nev. (AP) — An initiative in Nevada to build more affordable housing has spurred proposals for more than 2,000 new housing units in Reno, but not all have been deemed affordable, city officials said. The deadline for Reno Mayor Hillary Schieve's “1,000 homes in 120 days” initiative...

FILE - In this Tuesday, June 28, 2016, file photo, a customer puts gas in their vehicle in Miami. Fuel economy standards for new vehicles would rise a little in a new Trump administration proposal made public Thursday, Jan. 23, 2020 but still fall far short of Obama-era standards, bringing howls of protest from environmental groups and a key Democratic senator.(AP Photo/Alan Diaz, File)

Trump ups mileage proposal slightly over Obama standard

Jan. 23, 2020 6:24 PM EST

WASHINGTON (AP) — The Trump administration is making a concession on its proposed minimum fuel economy requirement for new vehicles, but environmental groups and a key Democratic senator complain it does not go far enough, and still falls well below the requirements set under the Obama administration. Fuel...

How major US stock indexes fared Thursday

Jan. 23, 2020 5:12 PM EST

Stocks closed mostly higher Thursday as gains in technology and industrial companies offset declines elsewhere in the market. Health care stocks, banks and insurers were among the biggest losers as investors weighed company earnings reports. Traders also monitored developments in the international effort to keep...

German Chancellor Angela Merkel addresses at the World Economic Forum in Davos, Switzerland, Thursday, Jan. 23, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

The Latest: Soros unveils $1B university plan, blasts Trump

Jan. 23, 2020 4:18 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 10:15 p.m. George Soros says he’s injecting $1 billion into a new university network that the 89-year-old billionaire investor calls the “most important and most enduring project of my...

FILE - In this Jan. 16, 2020, file photo, an investor monitors stock prices at a brokerage in Beijing. Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019, but lagged the blockbuster market returns delivered by publicly traded companies in the U.S. and other developed economies. (AP Photo/Ng Han Guan, File)

Easing trade tensions bode well for emerging market stocks

Jan. 23, 2020 3:02 PM EST

LOS ANGELES (AP) — Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019, but lagged the blockbuster market returns delivered by publicly traded companies in the U.S. and other developed economies....

Britain's Prime Minister Boris Johnson leaves 10 Downing Street to attend the weekley session of Prime Ministers Questions in Parliament in London, Wednesday, Jan. 22, 2020. (AP Photo/Kirsty Wigglesworth)

Next stop, Brexit: Britain's EU divorce bill becomes law

Jan. 23, 2020 1:22 PM EST

LONDON (AP) — Britain’s delayed and disputed Brexit bill became law on Thursday, removing the last U.K. obstacle to the country leaving the European Union in just over a week. The U.K. is finally leaving the 28-nation bloc more than 3 1/2 years after voters narrowly opted to do so in a June 2016...

FILE - This Feb. 2, 2019 file photo, Lebanese Foreign Minister Gebran Bassil arrives to attend the first meeting of the Lebanese cabinet at the Presidential Palace in Baabda, east of Beirut, Lebanon. Lebanese are campaigning against the participation of their acting foreign minister in the prestigious World Economic Forum in Davos, saying Bassil, who was the target of popular anger in the ongoing nationwide protests,  should not represent them on the international stage. (AP Photo/Bilal Hussein, File)

Lawmaker targeted by Lebanese protests rejects calls to quit

Jan. 23, 2020 1:01 PM EST

DAVOS, Switzerland (AP) — A Lebanese lawmaker and former foreign minister who has been a frequent target of protesters in the economically troubled country saidThursday he understands his people want change, but he says he’s not going anywhere until voters drive him out. Gebran Bassil was officially...