Latest Economy News

UK, New Zealand approve trade deal; hope it opens more doors

Oct. 20, 2021 18:57 PM EDT

LONDON (AP) — Britain agreed to a trade deal with New Zealand on Wednesday, eliminating tariffs on a wide range of goods as the U.K. seeks to expand economic links around the world following its exit from the European Union. The deal was cemented in a conference call...

Back home in Scranton, Biden plugs $2T plan to revive US

Oct. 20, 2021 18:17 PM EDT

SCRANTON, Pa. (AP) — President Joe Biden returned to his birthplace Wednesday for the first time since taking office, declaring his multitrillion-dollar safety net and infrastructure packages would restore an America starving for investments in its workers, families and the environment. ...

Reynolds hopes rule changes will push jobless back to work

Oct. 20, 2021 17:53 PM EDT

ADEL, Iowa (AP) — Unemployed Iowans would be required to meet weekly with state case managers, conduct twice as many weekly work searches and undergo audits to prove they're actively looking for work under a new proposal announced Wednesday by Gov. Kim Reynolds. ...

Stocks end higher, bringing S&P 500 to the cusp of a record

Oct. 20, 2021 16:47 PM EDT

Solid earnings from health care companies helped send stocks higher on Wall Street Wednesday and pushed the benchmark S&P 500 to the brink of another record high. The market has been gaining ground as investors shift their focus to the latest round of corporate...

How major US stock indexes fared Wednesday

Oct. 20, 2021 16:34 PM EDT

Stocks ended higher on Wall Street Wednesday, bringing the S&P 500 to the brink of another record high. The benchmark index climbed 0.4% for its sixth gain in a row. Anthem and Abbott Laboratories helped lead gains among health care stocks after turning in solid...

Efforts drag on to free 17 missionaries kidnapped in Haiti

Oct. 20, 2021 16:10 PM EDT

PORT-AU-PRINCE, Haiti (AP) — Efforts to win the return of 17 members of a U.S.-based missionary group and a local driver stretched into a fourth day Wednesday, with a violent gang demanding $1 million ransom per person. The group seized includes five children aged from...

Washington’s unemployment rate in September was 4.9%

Oct. 20, 2021 15:41 PM EDT

SEATTLE (AP) — Washington state’s unemployment rate in September was 4.9%, down from 5.1% in August. Employers added 17,600 jobs in September, a 7.3% increase over August, the state Employment Security Department reported Wednesday. The Seattle...

Fed survey finds economy facing supply chain, other drags

Oct. 20, 2021 15:20 PM EDT

WASHINGTON (AP) — The Federal Reserve reports that the economy faced a number of headwinds at the start of this month, ranging from supply-chain disruptions and labor shortages to uncertainty about the delta variant of COVID. In its latest survey of business conditions...

Editorial Roundup: Alabama

Oct. 20, 2021 14:11 PM EDT

Dothan Eagle. October 16, 2021. Editorial: Crisis factory What is it about Alabama’s leaders that makes them ignore very real, critical challenges in our state while creating non-existent threats that they can decisively stamp out? ...

Editorial Roundup: Mississippi

Oct. 20, 2021 13:43 PM EDT

Tupelo Daily Journal. Oct. 17, 2021. Editorial: Hosemann, Gunn should cut a deal to eliminate state income taxes and expand Medicaid Lt. Gov. Delbert Hosemann and Speaker Philip Gunn have a unique opportunity to leave an indelible mark on Mississippi...