Latest Economy News

Brands roll with stoner 'holiday' as pot legalization grows

Apr. 19, 2019 12:36 AM EDT

LOS ANGELES (AP) — Potheads have for decades celebrated their love of marijuana on April 20, but the once counter-culture celebration that was all about getting stoned now is so mainstream Corporate America is starting to embrace it. No, Hallmark doesn't yet have a card to mark "420." But many other...

Asian stocks rise in quiet holiday trading

Apr. 18, 2019 11:55 PM EDT

TOKYO (AP) — Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed. Japan's benchmark Nikkei 225 edged up 0.5% in early trading to 22,191.98. South Korea's Kospi rose 0.3% to 2,221.1. The Shanghai Composite gained 0.6% to 3,269.59. Some markets remain...

Celebration of Japan's new era big opportunity for business

Apr. 18, 2019 9:32 PM EDT

TOKYO (AP) — Japan is getting ready for its biggest celebration in years with the advent of the Reiwa era of soon-to-be emperor Naruhito. That means big opportunities for businesses hoping consumers will splash out on long holidays and memorabilia. Many Japanese will get their longest ever "Golden Week"...

4 Indiana regions chosen as Stellar Communities finalists

Apr. 18, 2019 7:52 PM EDT

INDIANAPOLIS (AP) — Four Indiana regions have been chosen as finalists for state funding aimed at boosting community ties and economic development. Lt. Gov. Suzanne Crouch announced the finalists for the 2019 Stellar Communities Designation Program on Thursday. They include "Constellation of Starke," which...

Putin envoy in Caracas rejects US revival of Monroe Doctrine

Apr. 18, 2019 7:48 PM EDT

CARACAS, Venezuela (AP) — As Venezuela's reliance on Russia grows amid the country's unfolding crisis, Vladimir Putin's point man in Caracas is pushing back on the U.S. revival of a doctrine used for generations to justify military interventions in the region. In a rare interview, Russian Ambassador...

IPO mania: Zoom zooms, Pinterest pins down Wall Street

Apr. 18, 2019 6:45 PM EDT

SAN FRANCISCO (AP) — There's some tech jubilance in the air on Wall Street and in Silicon Valley as a pair of newly public companies — Zoom and Pinterest — saw their stocks soar on their first trading day. No one wants talk about a bubble, not to mention its prospects for bursting, but the...

Economic agency's hiring of DFL operative raises questions

Apr. 18, 2019 6:40 PM EDT

MINNEAPOLIS (AP) — Minnesota Gov. Tim Walz says he'll tighten hiring rules after a prominent Iron Range Democrat was hired for a civil service job without going through the normal hiring process. Walz's move comes after Joe Radinovich, a former state legislator, was fast-tracked for a job at the Iron Range...

Bankers survey: March floods in Midwest hitting farmers hard

Apr. 18, 2019 5:18 PM EDT

OMAHA, Neb. (AP) — A monthly survey of rural bankers in parts of 10 Plains and Western states shows about one of every five expects an increase in farm loan defaults stemming from last month's devastative Midwest floods. The Rural Mainstreet survey for April, released Thursday, shows the survey's overall...

Former biodiesel fuel plant operator sentenced for fraud

Apr. 18, 2019 5:17 PM EDT

ST. LOUIS (AP) — The former operator of a St. Louis-area biodiesel fuel plant has been sentenced to one year and one day in prison for fraudulently receiving $532,000 in tax credits. Federal prosecutors say 62-year-old Terry Zintel of Sunset Hills, Missouri, was sentenced Wednesday in U.S. District Court....

How the major US stock indexes fared Thursday

Apr. 18, 2019 5:08 PM EDT

Major U.S. indexes managed small gains Thursday, though not enough to prevent a losing week for the S&P 500 following three weeks of gains. Industrial stocks led the way higher on strong company earnings. Financial and energy stocks fell. Pinterest and Zoom Video Communications soared in on their first day of...