Latest Economy News

Alberto Fernández inaugurated as president of Argentina

Dec. 10, 2019 7:42 PM EST

BUENOS AIRES (AP) — Alberto Fernández assumed the presidency of Argentina on Tuesday, returning the country to the ranks of left-leaning nations at a moment of right-wing resurgence in the Western Hemisphere. He pledged more aid for the poor and warned that the country would be unable to pay all its...

Pelosi offers some trade policy with that impeachment

Dec. 10, 2019 7:03 PM EST

WASHINGTON (AP) — For the House progressives: a pair of impeachment articles against President Donald Trump. For the vulnerable Democratic freshmen: charges that are narrowly focused on Ukraine. And for the whole House Democratic majority — and, however backhandedly, Trump himself: a sweeping new...

Democrats, White House forge new North American trade deal

Dec. 10, 2019 6:08 PM EST

WASHINGTON (AP) — House Democrats and the White House announced a deal Tuesday on a modified North American trade pact, handing President Donald Trump a major Capitol Hill win on the same day that impeachment charges were announced against him. Both sides hailed the deal as a win for American workers. They...

How major US stock indexes fared Tuesday

Dec. 10, 2019 4:58 PM EST

Stocks edged lower as a deadline approached for trade talks between Washington and Beijing. A new round of US tariffs are scheduled to take effect on Chinese goods Sunday, the latest escalation in a trade dispute that has dragged on economies around the world. Media reports suggested the US may delay the tariffs...

US stocks dip ahead of looming weekend deadline on trade

Dec. 10, 2019 4:49 PM EST

NEW YORK (AP) — U.S. stocks edged lower on Tuesday ahead of a looming weekend deadline for trade talks between Washington and Beijing. A new round of U.S. tariffs is scheduled to take effect on Chinese goods Sunday, the latest escalation in a trade dispute that has dragged on economies around the world....

Bloomberg tells UN climate talks: You can count on the US

Dec. 10, 2019 3:19 PM EST

MADRID (AP) — New York billionaire and presidential candidate Michael Bloomberg led a high-powered charge against President Donald Trump's climate policies Tuesday, assuring activists, scientists and politicians from around the world that Americans are committed to reducing greenhouse gas emissions...

Democrats agree to North America trade pact: What's in it?

Dec. 10, 2019 2:57 PM EST

WASHINGTON (AP) — After months of political wrangling, House Democrats agreed Tuesday to President Donald Trump’s revamped version of a 25-year-old North American free trade agreement. But they pried some concessions out of the Trump administration before saying they’d go along....

Airline trade group predicts Christmas travel will rise 3%

Dec. 10, 2019 2:02 PM EST

WASHINGTON (AP) — Airlines are looking forward to another big Christmas and New Year's season, with 3% more people flying in the U.S. than during last year's holiday stretch. The trade group Airlines for America said Tuesday that 47.5 million people are expected to fly over an 18-day period from Dec. 19...

US sanctions individuals suspected of human rights abuses

Dec. 10, 2019 1:58 PM EST

WASHINGTON (AP) — The Trump administration on Tuesday imposed economic sanctions on more than a dozen individuals suspected of human rights violations in six countries and banned two others from entering the United States, including a former Saudi official in Turkey for his alleged role in the murder of...

AP Explains: Peronism returns in Argentina amid crisis

Dec. 10, 2019 1:43 PM EST

BUENOS AIRES (AP) — Alberto Fernández became president of Argentina on Tuesday, returning the country's Peronist political movement to power amid an economic crisis and rising poverty. He has said that to improve the economy and calm widespread public discontent, he plans to undo the austerity...