Latest Economy News
Asian shares higher after selloffs spurred by Chinese virus
Shares mostly rose in early Asian trading on Wednesday after a slide in U.S. stocks overnight as a virus outbreak in China rattled global markets. Japan's Nikkei 225 index climbed 0.6% to 24,013.15 and the Kospi in South Korea surged 0.8% to 2,256.95. In Hong Kong, the Hang Seng jumped 0.8% to 28,216.78. The...
Maine gov: State rising above partisanship in rancorous era
AUGUSTA, Maine (AP) — Maine's Democratic governor used her first State of the State address on Tuesday to paint a picture of the Pine Tree State as a home of compromise and bipartisanship in an era marked by political gridlock elsewhere. Gov. Janet Mills themed her address “We are not Washington; we...
New government in crisis-hit Lebanon, but protests continue
BEIRUT (AP) — A new Cabinet was announced in crisis-hit Lebanon late Tuesday, breaking a months-long impasse amid mass protests against the country's ruling elite and a crippling financial crisis, but demonstrations and violence continued. Hassan Diab, a 60-year-old former professor at the American...
UN report: 70% of world lives where inequality has grown
UNITED NATIONS (AP) — More than 70% of the world’s people live in countries where inequality has grown since 1990, including China and India, and growing inequalities are benefiting the wealthiest, a U.N. report said Tuesday. But increasing inequality is not a universal trend, the World Social...
Gov. Baker outlines goals in State of Commonwealth address
BOSTON (AP) — Gov. Charlie Baker said he wants to dramatically reduce the state's reliance on polluting fuels while expanding housing opportunities and upgrading the state's public transportation system. Baker outlined the goals Tuesday during his State of the Commonwealth address at the Massachusetts...
At 90, Alaska Native woman is 1st counted in US Census
TOKSOOK BAY, Alaska (AP) — Lizzie Chimiugak has lived for 90 years in the windswept western wilds of Alaska, born to a nomadic family who lived in mud homes and followed where the good hunting and fishing led. Her home now is an outpost on the Bering Sea, Toksook Bay, and on Tuesday she became the first...
New Mexico governor seeks money for early childhood programs
SANTA FE, N.M. (AP) — Democratic Gov. Michelle Lujan Grisham urged legislators to legalize recreational marijuana, underwrite tuition-free college for local residents and boost spending on early childhood education amid efforts to improve economic opportunity in a state with the highest rate of poverty in...
Airline, hotel stocks fall on fear about new virus in China
Airline and hotel shares fell Tuesday as fear grew about a virus that authorities say has killed six people and sickened 300 more, including at least one person in the U.S. The outbreak of the new type of coronavirus is believed to have started in Wuhan in central China. No U.S. airlines fly to Wuhan, but their...
Cuomo budget proposal calls for Medicaid savings, pot sales
ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo unveiled a $178 billion state budget proposal Tuesday that hinges on a plan to launch a team tasked with reining in the nation's largest Medicaid program. The new Medicaid Redesign Team will be asked to find ways to trim $2.5 billion in spending from the...
New Mexico governor seeks new investments in education
SANTA FE, N.M. (AP) — New Mexico Gov. Michelle Lujan Grisham on Tuesday urged legislators at the outset of the state's annual legislative session to rally around new financial commitments to public education that range from an expansion of preschool slots to free college tuition for local residents. Lujan...
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