Latest Economy News

Editorials from around New England

Sep. 20, 2019 2:57 PM EDT

Editorials from around New England: CONNECTICUT Tolls, groceries, vaccinations. Is Gov. Lamont the do-over governor? Hartford Courant Sept. 20 Gov. Ned Lamont and his administration are awash on tides of public outcry. Thursday night's grocery tax reversal is just the latest in a series of ham-handed executions...

Brazil aims to deflect criticism over Amazon deforestation

Sep. 20, 2019 2:51 PM EDT

WASHINGTON (AP) — In July, Brazilian President Jair Bolsonaro dismissed global concerns about fires raging in the world's largest rainforest, saying "The Amazon is Brazil's, not yours." Now, the far-right president's government has a new message: Everything's fine, and the rainforest is open for private...

Nurses, auto strikes may be signs of awakening US unions

Sep. 20, 2019 2:50 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...

Auto union strike is latest worry in Flint, GM's birthplace

Sep. 20, 2019 2:40 PM EDT

FLINT, Mich. (AP) — The birthplace of General Motors has been on an economic roller-coaster ride for more than a century as the automaker rose, crashed and retooled for changing markets. Now, the city of Flint is again steeling for economic impact amid a nationwide United Auto Workers' strike against the...

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

Sep. 20, 2019 2:34 PM EDT

WASHINGTON (AP) — As China and the U.S. near a new round of trade talks, President Donald Trump said Friday he doesn't feel he needs to secure an agreement before next year's election. Trump told reporters he wants a complete deal with China and won't accept one that only addresses some of the differences...

Fresh US-China trade worries erase early gains for stocks

Sep. 20, 2019 2:28 PM EDT

Stocks veered lower on Wall Street in afternoon trading Friday after reports that a Chinese delegation has cut short a visit to the U.S. fueled speculation that upcoming talks aimed at resolving the costly trade war between Washington and Beijing are in trouble. The selling, which erased modest early gains for...

German government agrees $60 billion climate policy package

Sep. 20, 2019 1:32 PM EDT

BERLIN (AP) — Under pressure from environmental protests and growing support for the opposition Green party, the German government agreed Friday on a 54 billion euro ($60 billion) package of measures for tackling climate change. German Chancellor Angela Merkel said the deal hammered out by governing...

23 states sue Trump to keep California's auto emission rules

Sep. 20, 2019 1:27 PM EDT

SACRAMENTO, Calif. (AP) — California and 22 other states sued Friday to stop the Trump administration from revoking the authority of the nation's most populous state to set emission standards for cars and trucks. California Attorney General Xavier Becerra sued the National Highway Traffic Safety...

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...