Latest Economy News

Trump says he doesn't need China trade deal before election

Sep. 20, 2019 1:05 PM EDT

WASHINGTON (AP) — President Donald Trump says he doesn't feel he needs to secure a trade deal with China before next year's election. Ahead of the next round of negotiations, Trump tells reporters Friday he wants a complete deal with China and won't accept one that only addresses some of the differences...

2 Federal Reserve officials highlight deep divisions

Sep. 20, 2019 12:36 PM EDT

WASHINGTON (AP) — Two Federal Reserve officials who dissented from this week's quarter-point rate cut on Friday highlighted the current deep divisions at the central bank. Eric Rosengren, head of the Fed's Boston regional bank and one of two officials who opposed the rate cut, said Friday that the...

Markets Right Now: Stocks edge higher, led by health care

Sep. 20, 2019 12:21 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 12:15 p.m. Stocks are modestly higher in midday trading on Wall Street Friday, led by health care companies and banks. There was little corporate news moving markets. Many companies are finishing up their third quarters and...

Nurses staging 1-day strike at 12 hospitals in 3 states

Sep. 20, 2019 12:18 PM EDT

HIALEAH, Fla. (AP) — Registered nurses staged a one-day strike against Tenet Health hospitals in Florida, California and Arizona on Friday, demanding better working conditions and higher wages as the nation's labor movement has begun flexing muscles weakened by decades of declining membership amid business...

Stocks edge higher; S&P 500 heads for another week of gains

Sep. 20, 2019 11:57 AM EDT

NEW YORK (AP) — U.S. stocks edged higher in midday trading on Friday as solid gains from health care companies offset a sliding technology sector. The S&P 500 rose 0.1% to 3,006 and is within 20 points of its all-time high. The index is headed for a fourth straight weekly gain, even after some...

Nebraska jobless rate held steady at 3.1% in August

Sep. 20, 2019 11:33 AM EDT

LINCOLN, Neb. (AP) — Nebraska's unemployment remained steady at 3.1% in August, matching the July figure, according to a state report issued Friday. The preliminary August rate was four-tenths of a percentage point higher than the adjusted August 2018 rate of 2.7%, the Nebraska Labor Department said. The...

Vermont unemployment rate holds steady in August at 2.1%

Sep. 20, 2019 10:53 AM EDT

MONTPELIER, Vt. (AP) — The Vermont Department of Labor says the state's unemployment rate held steady in August at 2.1%. The August unemployment rate compares to a rate of 2.6% in August of last year. Unemployment in Vermont's 17 labor markets ranged from a low of 1.8% in the White River Junction area to a...

Maine home sales could break last year's sales record

Sep. 20, 2019 10:52 AM EDT

AUGUSTA, Maine (AP) — A Maine realtor group says the state might break its record for single-family home sales. The Maine Association of Realtors says statistics released on Thursday show an increase of a little more than 3% in sales from August 2018 to August 2019. Last year was the best home sales year...

Pennsylvania jobless rate stable as payrolls see new record

Sep. 20, 2019 10:34 AM EDT

HARRISBURG, Pa. (AP) — Pennsylvania's unemployment rate remained stable in August, as payrolls rose to a record high. The state Department of Labor and Industry said Friday that Pennsylvania's unemployment rate remained at 3.9%. That's one-tenth of a percentage point above the lowest rate on record it hit...

Japan accepts talks with South Korea on WTO arbitration

Sep. 20, 2019 10:03 AM EDT

TOKYO (AP) — Japan announced Friday it will accept South Korea's request for joint talks leading to arbitration by the World Trade Organization after Seoul filed a complaint with the international body over Tokyo's tightening of export controls. Trade minister Isshu Sugawara, however, said Japan's controls...