Ontario's premier says Trump's tariffs would be a disaster for US markets

TORONTO (AP) — The premier of Canada's most populous province said Tuesday President-elect Donald Trump's plan to impose sweeping 25% tariffs on all Canadian products would be a "disaster" that would hurt U.S. stock markets. Ontario Premier Doug Ford also said in an interview with...

Text of the policy statement the Federal Reserve released Wednesday

WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased,...

Americans end 2024 with grim economic outlook, but Republicans are optimistic for 2025: AP-NORC poll

WASHINGTON (AP) — The unemployment rate is healthy and the stock market is up, but Democrats are feeling more pessimistic about the U.S. economy after Donald Trump's election victory, according to a new poll. Republicans, meanwhile, are still dour about the current state of the...

Biden establishes a national monument for Frances Perkins, the 1st female Cabinet secretary

WASHINGTON (AP) — President Joe Biden on Monday established a national monument honoring the late FDR-era Labor Secretary Frances Perkins, the first woman to serve in a presidential Cabinet and a driving force behind Franklin D. Roosevelt's New Deal programs after the Great Depression. ...

China signals it's prepared to double down on support for the economy as Trump tariffs loom

BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year, sketching out plans to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending. Leaders of the ruling Communist Party wrapped up...

Japan business survey shows slight improvement in outlook for manufacturers

BANGKOK (AP) — A quarterly survey by Japan’s central bank shows business sentiment has improved slightly, especially in major heavy industries such as automaking, fossil fuels and machinery, while services industries were less upbeat. The survey released Friday by the Bank of...

Some in seafood industry see Trump as fishermen's friend, but tariffs could make for pricier fish

PORTLAND, Maine (AP) — The incoming administration of President-elect Donald Trump is likely to bring big changes for one of the oldest sectors of the U.S. economy — seafood — and some in the industry believe the returning president will be more responsive to its needs. ...

ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies

FRANKFURT, Germany (AP) — The European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs after Donald Trump takes office as president. The...

European Central Bank cuts rates a quarter point amid concern about tepid growth, impact of Trump trade policies

China ends planning meeting with vows to stabilize its economy, but gives no details on stimulus

BANGKOK (AP) — Chinese leaders wrapped up a two-day planning meeting in Beijing on Thursday with pledges to take a more proactive approach in pepping up the world's second-largest economy, but gave no details on new stimulus measures. A state-run CCTV report on the annual meeting...