Latest Economy News

UK sees budget deficit rise to highest rate since 1946

Apr. 23, 2021 06:31 AM EDT

LONDON (AP) — Britain has seen its budget deficit rise during the coronavirus pandemic to its highest level since the year after the end of World War II, official figures showed Friday. The Office for National Statistics said public sector net borrowing — the official...

Jobs are make-or-break argument for Biden in climate plan

Apr. 23, 2021 05:34 AM EDT

WASHINGTON (AP) — The White House is bringing out the billionaires, the CEOs and the union executives Friday to help sell President Joe Biden's climate-friendly transformation of the U.S. economy at his virtual summit of world leaders. The closing day of the two-day...

Southeast Asian summit to address Myanmar's post-coup crisis

Apr. 23, 2021 05:31 AM EDT

BANGKOK (AP) — When the 10-member Association of Southeast Asian Nations holds a special summit Saturday to discuss Myanmar, the regional body will be under as much scrutiny as the general who led the February coup ousting the elected government of Aung San Suu Kyi. ...

$750K federal loan aimed for West Virginia small businesses

Apr. 23, 2021 04:50 AM EDT

CHARLESTON, W.Va. (AP) — A $750,000 federal loan to a lender in Elkins, West Virginia will fund loans for small businesses in three north central counties. The state's U.S. senators announced Thursday that businesses in the counties of Barbour, Randolph and Tucker will...

Global stocks mixed after Wall St falls on Biden tax report

Apr. 23, 2021 04:43 AM EDT

BEIJING (AP) — Global stock markets were mixed Friday after Wall Street fell following a report President Joe Biden will propose raising taxes on the wealthiest investors. London and Frankfurt opened lower. Tokyo declined while Shanghai and Hong Kong advanced. ...

Beyond the Pandemic: London's West End readies for next act

Apr. 23, 2021 02:34 AM EDT

LONDON (AP) — Noah Thomas saw his name in lights, and then the lights went out. The young actor was still in drama school when he was cast to play the lead role in the London West End musical “Everybody’s Talking About Jamie.” Thomas made his professional debut in...

Asia stocks mixed after Wall St falls on Biden tax report

Apr. 23, 2021 00:04 AM EDT

BEIJING (AP) — Asian stock markets were mixed Friday after Wall Street fell following a report that President Joe Biden will propose raising taxes on wealthy investors. Shanghai, Hong Kong and Seoul rose while Tokyo and Sydney retreated. Wall...

Indiana lawmakers approve state budget, finish session

Apr. 22, 2021 18:01 PM EDT

INDIANAPOLIS (AP) — Indiana lawmakers wrapped a legislative session conducted under the shadow of the COVID-19 pandemic Thursday with nearly unanimous backing of a more robust state budget than they had imagined a few months ago. The Republican-written budget plan calls...

People on unemployment will need to show they're job hunting

Apr. 22, 2021 17:03 PM EDT

CONCORD, N.H. (AP) — Starting next month, New Hampshire is once again requiring that people receiving unemployment benefits be looking for work. “Traditionally, you had to prove that you were searching for gainful employment while collecting unemployment benefits,"...

How major US stock indexes fared Thursday

Apr. 22, 2021 16:32 PM EDT

Stocks ended lower on Wall Street Thursday after dropping in afternoon trading on a report that President Biden will propose a hefty tax increase on the gains wealthy individuals reap from investments. The S&P 500 lost 0.9%. Big Tech companies like Apple and...