Latest Economy News

US again extends limited reprieve on tech sales to Huawei

Nov. 18, 2019 2:47 PM EST

The Trump administration has extended for 90 more days a limited reprieve on U.S. technology sales to Huawei. The U.S. government blacklisted the Chinese tech company in May, deeming it a national security risk. That means U.S. firms aren't allowed to sell technology to Huawei without government approval. But...

Auto union opens talks with Fiat Chrysler; strike possible

Nov. 18, 2019 2:47 PM EST

DETROIT (AP) — The United Auto Workers union on Monday turned its bargaining focus to Fiat Chrysler, raising the possibility of another strike against a Detroit automaker. Ford workers ratified their contract Friday night, while the union settled with General Motors last month after a 40-day strike by...

Trump summons Powell to discuss rates amid WH attacks on Fed

Nov. 18, 2019 2:43 PM EST

WASHINGTON (AP) — President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates — issues on which Trump has repeatedly attacked the Fed. The Fed said in a statement that Powell’s message to Trump during their...

S&P 500 hangs close to record as stocks churn

Nov. 18, 2019 2:32 PM EST

NEW YORK (AP) — U.S. stock indexes hung close to their record levels in afternoon trading on Monday, as markets wait for the next development in trade talks between the United States and China. All three major indexes were nearly unchanged from where they finished Friday, but the seemingly placid moves...

Alaska tax change group sues over ballot initiative wording

Nov. 18, 2019 2:25 PM EST

ANCHORAGE, Alaska (AP) — A group seeking changes to Alaska’s oil tax credit system filed a lawsuit against state officials over language describing its initiative. Vote Yes for Alaska’s Fair Share filed a complaint in Anchorage Superior Court Nov. 14 against Republican Lt. Gov. Kevin Meyer...

UK leader Johnson faces questions about ties to US woman

Nov. 18, 2019 12:22 PM EST

LONDON (AP) — British Prime Minister Boris Johnson faced new questions Monday about his relationship with an American businesswoman who allegedly received favors and public funds while Johnson was the mayor of London. Johnson’s speech Monday to U.K. business leaders ahead of Britain’s Dec. 12...

Markets Right Now: Stocks waver near record highs

Nov. 18, 2019 12:07 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks wavered around their recent record high levels on Wall Street as traders waited for new clues about where trade talks between the U.S. and China were headed. Chipmakers were doing well in midday trading...

Companies can get govt loans if revenue falls after disaster

Nov. 18, 2019 11:58 AM EST

NEW YORK (AP) — Months after a storm, fire, drought or other disaster has struck, small businesses that have lost revenue due to the devastation may be able to get low-cost government loans. Financial help in the form of economic injury disaster loans are for companies even if they haven’t suffered...

Stocks head lower over mixed signals on trade negotiations

Nov. 18, 2019 10:27 AM EST

NEW YORK (AP) — U.S. stocks moved lower in early trading Monday as investors assessed mixed signals from the latest round of trade negotiations between the U.S. and China. Media reports early Monday suggested that China is pessimistic about a deal because of U.S. reluctance to ease existing tariffs. That...

No training, no gloves: Zimbabwe’s desperate childbirths

Nov. 18, 2019 8:19 AM EST

HARARE, Zimbabwe (AP) — When her contractions became unbearably painful, 18-year-old Perseverance Kanyoza rushed to a maternity hospital in Zimbabwe’s capital, Harare. But the doors were closed amid a weekslong strike by public health workers. With no money for private care, panic set in. A hospital...