Latest Economy News

First death reported in nationwide protests wracking Lebanon

Nov. 12, 2019 5:46 PM EST

BEIRUT (AP) — A local official for a Lebanese political party was shot dead by soldiers trying to open a road closed by protesters in southern Beirut late Tuesday, the army reported, marking the first death in 27 days of nationwide protests. An army statement said the man was shot in the Khaldeh...

Senate Democrats assail Trump's $16B bailout for farmers

Nov. 12, 2019 5:24 PM EST

MINNEAPOLIS (AP) — President Donald Trump's $16 billion bailout package for farmers hurt by the trade war with China unfairly benefits the South at the expense of the North and wealthy producers over smaller farms, Democratic senators concluded in a report released Tuesday. The report, one of the sharpest...

How major US stock indexes fared Tuesday

Nov. 12, 2019 4:58 PM EST

Stocks closed with modest gains on Wall Street Tuesday, nudging the Nasdaq to another record high. Health care and materials companies rose the most, but the gains were checked by losses in real estate, energy and other sectors. Bond prices edged higher, sending yields lower. On Tuesday: The S&P 500 rose 4.83...

US stock indexes turn mixed after early rally loses momentum

Nov. 12, 2019 4:53 PM EST

Stocks on Wall Street closed with modest gains Tuesday after an early rally lost momentum toward the end of the day. The Nasdaq composite still finished with its second record high in three days, while the Dow Jones Industrial Average ended unchanged from the all-time high it set a day earlier. The S&P 500...

Markets Right Now: Stocks manage meager gains on Wall Street

Nov. 12, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing with tiny gains on Wall Street, eking out another record high close for the Nasdaq. Health care and materials companies rose the most on Tuesday, but the gains were checked by losses in real estate,...

Gas up 3 cents per gallon in Massachusetts

Nov. 12, 2019 3:00 PM EST

BOSTON (AP) — The average price of a gallon of gasoline in Massachusetts has increased 3 cents as trade tensions between the U.S. and China cool. AAA Northeast reported Tuesday that self-serve, regular is now selling for an average of $2.51 per gallon. That is a dime lower than the national average, and 23...

Trump claims credit for economy, jobs in New York speech

Nov. 12, 2019 2:54 PM EST

NEW YORK (AP) — Despite a slowing economy, President Donald Trump declared Tuesday that the United States was enjoying a "boom the likes of which we have never seen before!" Trump told the Economic Club of New York that "we have delivered on our promises — and exceeded our expectations by a very...

Morales' exit stymies comeback for Latin America's left

Nov. 12, 2019 2:53 PM EST

The sudden resignation of Bolivia's Evo Morales sent shockwaves throughout Latin America, where the indigenous leader had been the last survivor among a wave of leftist leaders swept to power two decades ago as commodity prices soared. But the upheaval that has recently rocked the region, threatening Trump allies...

Meet one of the state's more than 10,000 'super commuters'

Nov. 12, 2019 12:45 PM EST

CAMBRIDGE, Mass. (AP) — Six days a week, Ricarte Burgos wakes up at 3:30 a.m. to drive halfway across Massachusetts to get to work. Fortunately, the 40-year-old Springfield resident narrowly avoids the morning traffic jam along the Massachusetts Turnpike at that hour. But the journey carries with it...

Impeachment aside, federal budget remains a pressing matter

Nov. 12, 2019 11:31 AM EST

WASHINGTON (AP) — Impeachment hearings for President Donald Trump come at the very time that Capitol Hill usually tends to its mound of unfinished business. The politically explosive hearings and the possibility of impeachment and a trial create yet another layer of complications for senior lawmakers...