Latest Economy News

Haitian deportees start over in country they don’t recognize

Sep. 20, 2021 19:04 PM EDT

PORT-AU-PRINCE, Haiti (AP) — Claile Bazile doesn’t know where she and her 2-year-old son will stay once they leave the hotel where officials temporarily set aside rooms for some of the hundreds of people streaming into Haiti after being expelled from the U.S. in the past couple of days. ...

'Crisis of trust': France bristles at US submarine deal

Sep. 20, 2021 18:57 PM EDT

UNITED NATIONS (AP) — France’s top diplomat declared Monday that there is a “crisis of trust” in the United States after a Pacific defense deal stung France and left Europe wondering about its longtime ally across the Atlantic. France canceled meetings with...

Dems tie government funding to debt bill, GOP digs in

Sep. 20, 2021 18:38 PM EDT

WASHINGTON (AP) — Democratic congressional leaders backed by the White House announced Monday they would push ahead with a vote to fund the government and suspend the debt limit, all but daring Republicans who say they will vote against it despite the risk of a fiscal crisis. ...

Georgia reaps $2.2B surplus even after rainy day fund fills

Sep. 20, 2021 18:23 PM EDT

ATLANTA (AP) — Georgia has more money in the bank than ever before, creating a chance for an election-year spending or tax-cutting spree — if that's what Gov. Brian Kemp and Republican lawmakers want. Figures released Monday show the state ended the 2021 budget with a...

Review paints dire picture of Virginia employment commission

Sep. 20, 2021 18:15 PM EDT

RICHMOND, Va. (AP) — A year and a half into the coronavirus pandemic, the Virginia Employment Commission is still swamped with backlogged claims, its call centers are underperforming and serious staffing problems persist, according to a scathing interim report the state’s legislative...

US easing virus restrictions for foreign flights to America

Sep. 20, 2021 17:37 PM EDT

WASHINGTON (AP) — In a major easing of pandemic travel restrictions, the U.S. said Monday it will allow foreigners to fly into the country this fall if they have vaccination proof and a negative COVID-19 test — changes replacing a hodgepodge of rules that had kept out many non-citizens...

Stocks drop the most since May on worries over China, Fed

Sep. 20, 2021 17:03 PM EDT

Stocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about heavily indebted Chinese real estate developers — and the damage they could do to investors worldwide if they...

How major US stock indexes fared Monday

Sep. 20, 2021 16:40 PM EDT

U.S. stocks had their biggest drop since May as traders worried about potential ripple effects if a debt-laden Chinese real estate company defaults and the likelihood that the Federal Reserve will signal that it will pull back its supports for markets and the economy. On...

The AP Interview: UN chief warns China, US to avoid Cold War

Sep. 20, 2021 15:49 PM EDT

UNITED NATIONS (AP) — Warning of a potential new Cold War, the head of the United Nations implored China and the United States to repair their “completely dysfunctional” relationship before problems between the two large and deeply influential countries spill over even further into the...

Lebanon's Cabinet wins confidence vote after power cut delay

Sep. 20, 2021 14:12 PM EDT

BEIRUT (AP) — Lebanon’s new Cabinet won a vote of confidence from Parliament on Monday during a session that was delayed for almost an hour because of a power outage and broken generator at the venue. The electricity outage underscored the multiple crises roiling the...