Latest Economic stimulus News

Laconia Motorcycle Week is about to draw to a close

Jun. 19, 2021 12:42 PM EDT

LACONIA, N.H. (AP) — The 98th annual Laconia Motorcycle Week is wrapping up this weekend, and many business owners are grateful for the economic boost. Event organizers and local officials said Motorcycle Week was the busiest in years — and far busier than the event...

Asian stocks follow Wall St lower on Fed hints at rate hikes

Jun. 16, 2021 23:19 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously...

Biden signals equity focus with new AmeriCorps leader choice

Jun. 16, 2021 15:16 PM EDT

President Biden plans to nominate Michael Smith to lead AmeriCorps, sending a strong signal of an intent to focus on racial equity at the organization. Smith currently is executive director of the My Brother’s Keeper Alliance. He also is director of youth opportunity...

EU lawmakers threaten to sue, to speed up rule of law action

Jun. 10, 2021 11:52 AM EDT

BRUSSELS (AP) — European Union lawmakers threatened Thursday to sue the bloc’s executive branch within weeks if it fails to take action against countries allegedly violating democratic standards, notably Hungary and Poland. In a resolution, adopted by 506 votes to 150...

Europe's stimulus likely to keep running as economies reopen

Jun. 09, 2021 06:46 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank is expected to leave its stimulus efforts running at full steam Thursday — even as the economy shows signs of recovery thanks to the easing of pandemic restrictions. And that could present a challenge for ECB head...

US trade deficit dips to $68.9 billion with exports up

Jun. 08, 2021 10:10 AM EDT

WASHINGTON (AP) — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports. The April deficit, the gap between what America buys from abroad and what it sells to other countries, was down 8.2% from a...

USDA sending $1B in funding to country's food bank networks

Jun. 04, 2021 17:42 PM EDT

WASHINGTON (AP) — The Department of Agriculture is sending $1 billion to the country's food bank networks, seeking to expand the reach of the system and revamp the way food banks acquire and distribute aid. The funding, announced Friday, comes half from the American...

Germany says economy may grow 4% this year as pandemic eases

Jun. 03, 2021 07:52 AM EDT

BERLIN (AP) — The German economy, Europe's biggest, may grow up to 4% this year as the coronavirus pandemic recedes, a senior official said Thursday. Economy Minister Peter Altmaier's comments marked the anniversary of the government's agreement on a stimulus package to...

Businesses shut as Malaysia enters second virus lockdown

Jun. 01, 2021 00:06 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malls and many businesses in Malaysia shuttered Tuesday as the country began its second nationwide lockdown to tackle a worsening surge of the coronavirus that has put its health care system on the verge of collapse. The Southeast Asian...

Asian shares advance as investors await US growth data

May. 25, 2021 23:55 PM EDT

BEIJING (AP) — Asian stock markets rose Wednesday as inflation fears eased and investors looked ahead to U.S. data that are expected to show economic growth accelerating. Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced. Overnight, Wall...