Latest Economy News

China's leader visits Italy with eye on infrastructure deal

Mar. 22, 2019 3:40 AM EDT

MILAN (AP) — Chinese President Xi Jinping is launching a two-day official visit aimed at deepening economic and cultural ties with Italy through an ambitious infrastructure building program that has raised suspicions among Italy's U.S. and European allies. Xi will be received Friday by President Sergio...

Asian stocks mixed on doubts over US-China trade deal

Mar. 22, 2019 3:04 AM EDT

SINGAPORE (AP) — Asian markets were mixed on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index was 0.1 percent lower at 3,097.81 while the Kospi in South Korea rose 0.1 percent to 2,186.95. Australia's S&P ASX 200 gained 0.5 percent to 6,195.20....

The Latest: Dutch PM: Britain could walk out without deal

Mar. 22, 2019 1:37 AM EDT

BRUSSELS (AP) — The Latest on Brexit (all times local): 1 a.m. Dutch Prime Minister Mark Rutte says the United Kingdom now could walk out without a deal on April 12, but he expects it to seek more time under any circumstance. Rutte said that "they can say, in theory, that on 12th of April we are getting...

Then and now: World transformed over Jimmy Carter's 94 years

Mar. 22, 2019 1:16 AM EDT

ATLANTA (AP) — Jimmy Carter cemented a new milestone Friday, becoming the longest-lived of the 44 men who have ascended to the American presidency. He surpasses George H.W. Bush, who died Nov. 30, 2018 — 171 days after he reached age 94. Here are some notable markers for Carter, the U.S. and the...

Asian stocks stumble on doubts over US-China trade deal

Mar. 22, 2019 12:16 AM EDT

SINGAPORE (AP) — Asian markets were mostly lower on Friday as caution set in ahead of U.S.-China trade talks in Beijing next week. The Shanghai Composite index gave up 0.8 percent to 3,077.56 and Hong Kong's Hang Seng lost 0.5 percent to 28,913.55. The Kospi in South Korea was flat at 2,184.94. Japan's...

Venezuela is key topic between Trump and Caribbean leaders

Mar. 22, 2019 12:09 AM EDT

WASHINGTON (AP) — The political and economic crisis in Venezuela tops the agenda of President Donald Trump's meeting Friday with leaders from the Caribbean, a region that has been far from united in joining the U.S. call for the ouster of President Nicolas Maduro. Trump is hosting the leaders of Jamaica,...

North Korea, seeking food aid, links sanctions to shortages

Mar. 22, 2019 12:05 AM EDT

PYONGYANG, North Korea (AP) — Kumkhop Trading Co. President Ri Jong Ho sweeps his hand over a table full of foods produced at his factory. There's a bowl of assorted candies and rice cakes, a plate of sausages and ham, slices of a French baguette and Russian dark bread. "We are doing fine," he says with a...

A hot US job market is coaxing people in from the sidelines

Mar. 21, 2019 8:31 PM EDT

WASHINGTON (AP) — A surprisingly strong burst of job growth over the past year has led many economists to wonder: Where are all the workers coming from? As recently as last spring, analysts had worried that hiring would slow as the pool of unemployed shrank. Many employers have complained for years that...

Trump blames Fed for holding back economic growth in 2018

Mar. 21, 2019 6:44 PM EDT

WASHINGTON (AP) — President Donald Trump says the economy would have grown much faster last year if the Federal Reserve had not been tightening credit last year. In a broadcast interview, Trump said without the Fed's rate hikes last year and moves to trim its bond holdings, the economy, as measured by the...

How major US stock indexes fared Thursday

Mar. 21, 2019 5:15 PM EDT

Technology companies powered a broad rally for U.S. stocks Thursday, snapping the market's two-day losing streak. Retailers and industrial companies also notched solid gains, which offset losses in financial stocks. Levi Strauss soared 32 percent as the storied jeans maker went public for the second time. On...