Latest Economy News

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Jan. 22, 2020. Shares advanced in early Asian trading after a slide in U.S. stocks Tuesday as a virus outbreak in China rattled global markets. (AP Photo/Ahn Young-joon)

Asian shares higher after selloffs spurred by Chinese virus

Jan. 21, 2020 11:08 PM EST

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...

Gov. Janet Mills delivers her State of the State address at the Capitol in Augusta, Maine, Tuesday, Jan. 21, 2020. The 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. (Natalie Williams/The Bangor Daily News via AP)

Maine gov: State rising above partisanship in rancorous era

Jan. 21, 2020 10:32 PM EST

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...

Lebanese Prime Minister Hassan Diab, speaks during a press conference after his government was announced, at the Presidential Palace in Baabda, east of Beirut, Lebanon, Tuesday, Jan. 21, 2020. A new Cabinet was announced in crisis-hit Lebanon late Tuesday, breaking a months-long impasse amid ongoing mass protests against the country's ruling elite. (AP Photo/Bilal Hussein)

New government in crisis-hit Lebanon, but protests continue

Jan. 21, 2020 9:51 PM EST

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

Jan. 21, 2020 9:23 PM EST

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...

Massachusetts Gov. Charlie Baker, center, waves at the conclusion of his state of the state address in the House Chamber, Tuesday, Jan. 21, 2020, at the Statehouse, in Boston. (AP Photo/Steven Senne)

Gov. Baker outlines goals in State of Commonwealth address

Jan. 21, 2020 8:40 PM EST

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...

In this Monday, Jan. 20, 2020 image, Lizzie Chimiugak, right, gets a hug from her granddaughter Janet Lawrence at her home in Toksook Bay, Alaska. Chimiugak, who turned 90 years old on Monday, is scheduled to be the first person counted in the 2020 U.S. Census on Tuesday. (AP Photo/Gregory Bull)

At 90, Alaska Native woman is 1st counted in US Census

Jan. 21, 2020 8:34 PM EST

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 Gov. Michelle Lujan Grisham gives her State of the State address during the opening of the New Mexico legislative session in the House chambers at the state Capitol in Santa Fe, N.M. on Tuesday, Jan. 21, 2020. (AP Photo/Craig Fritz)

New Mexico governor seeks money for early childhood programs

Jan. 21, 2020 7:28 PM EST

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...

A notice explaining precautions to be taken by people traveling to Wuhan, China, is seen at a terminal of Rome's International Fiumicino airport, Tuesday, Jan. 21, 2020. Heightened precautions are being taken worldwide as a new strain of coronavirus has been infecting hundreds of people across the central Chinese metropolis. (AP Photo/Gregorio Borgia)

Airline, hotel stocks fall on fear about new virus in China

Jan. 21, 2020 7:23 PM EST

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...

FILE - In this Jan. 8, 2020, file photo, New York Gov. Andrew Cuomo delivers his State of the State address at the Empire State Plaza Convention Center, in Albany, N.Y.  Cuomo faces a Tuesday, Jan. 21, 2020 deadline to release a budget proposal expected to address a looming $6 billion deficit fueled by soaring Medicaid costs. (AP Photo/Hans Pennink, File)

Cuomo budget proposal calls for Medicaid savings, pot sales

Jan. 21, 2020 6:19 PM EST

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 Gov. Michelle Lujan Grisham gives her State of the State address during the opening of the New Mexico legislative session in the House chambers at the state Capitol in Santa Fe, N.M. on Tuesday, Jan. 21, 2020. (AP Photo/Craig Fritz)

New Mexico governor seeks new investments in education

Jan. 21, 2020 6:16 PM EST

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...