Latest Economy News

Markets Right Now: US stocks open lower, led by tech sector

Oct. 15, 2018 9:42 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening mostly lower as technology companies continue to fall. Major U.S. indexes are coming off their worst week in six months. Texas Instruments fell 1.4 percent and Microsoft lost 0.8 percent Monday....

APNewsBreak: US eyes military bases for coal, gas exports

Oct. 15, 2018 9:32 AM EDT

BILLINGS, Mont. (AP) — The Trump administration is considering using West Coast military bases or other federal properties as transit points for shipments of U.S. coal and natural gas to Asia as officials seek to bolster the domestic energy industry and circumvent environmental opposition to fossil fuel...

Trump administration eyes military bases, federal facilities for coal, gas exports after states block West Coast ports

Oct. 15, 2018 9:14 AM EDT
BILLINGS, Mont. (AP) — Trump administration eyes military bases, federal facilities for coal, gas exports after states block West Coast ports.

Iceland seeks financial crash closure with last prosecution

Oct. 15, 2018 9:10 AM EDT

REYKJAVIK, Iceland (AP) — The Lehman Brothers bankruptcy threw the United States into an epoch-defining financial storm. Imagine 300 of them going bust at once. That, in relative terms, is what Iceland endured a decade ago during its banking crisis, which on this rugged island steeped in myths of gods and...

Turkey says joint 'inspection' planned at Saudi Consulate

Oct. 15, 2018 9:02 AM EDT

ISTANBUL (AP) — Turkey and Saudi Arabia are expected to conduct a joint "inspection" on Monday of the Saudi Consulate in Istanbul, nearly two weeks after the disappearance of Washington Post columnist Jamal Khashoggi, Turkish authorities said. The announcement from an official at Turkey's Foreign Ministry...

US retail sales gain a weak 0.1 percent in August

Oct. 15, 2018 8:57 AM EDT

WASHINGTON (AP) — U.S. consumer spending edged up a slight 0.1 percent in September, a disappointing performance in which rebounding auto sales were offset by weakness in other areas. The Commerce Department said Monday that the scant gain in September followed an equally meager 0.1 percent increase in...

Global stocks mostly slip on continuing global trade worries

Oct. 15, 2018 7:58 AM EDT

TOKYO (AP) — Global stocks mostly slipped Monday as investors continued to worry about global trade and prospects for economic growth. The price of oil rose amid tensions over Saudi Arabia, a major crude exporter. KEEPING SCORE: France's CAC 40 lost 0.2 percent to 5,087, while Britain's FTSE 100 was down...

Recent developments surrounding the South China Sea

Oct. 15, 2018 1:26 AM EDT

BEIJING (AP) — A look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple disputes over islands, coral reefs and lagoons in waters crucial for global commerce and rich in fish and potential oil and gas reserves: ___ EDITOR'S NOTE: This is a weekly look...

This Week: Netflix earns, Fed minutes, existing home sales

Oct. 15, 2018 1:05 AM EDT

A look at some of the key business events and economic indicators upcoming this week: CAUSE FOR CONCERN? Wall Street expects another solid quarterly snapshot from Netflix. Financial analysts predict the video streaming service will report Tuesday that its third-quarter earnings and revenue increased versus a year...

San Francisco to vote on taxing rich businesses for homeless

Oct. 15, 2018 12:23 AM EDT

SAN FRANCISCO (AP) — San Francisco has come to be known around the world as a place for aggressive panhandling, open-air drug use and sprawling tent camps, the dirt and despair all the more remarkable for the city's immense wealth. Some streets are so filthy that officials launched a special "poop patrol,"...