Latest Economic stimulus News

Official: China's economy reviving as anti-virus curbs ease

May. 16, 2022 07:14 AM EDT

BEIJING (AP) — China's factory and consumer activity fell even more than expected in April under anti-virus controls, official data showed Monday, but a Cabinet official said the economy is reviving as anti-virus curbs ease and its commercial capital of Shanghai reopens. The slump...

Tax cut for California pot industry: Too little, too late?

May. 13, 2022 18:32 PM EDT

LOS ANGELES (AP) — California's governor on Friday proposed a temporary tax cut for the state's struggling legal marijuana industry, but businesses said it falls far short of what’s needed to revive a foundering pot economy. Broad legal sales began in California in 2018, but the...

Editorial Roundup: United States

May. 04, 2022 13:25 PM EDT

Excerpts from recent editorials in the United States and abroad: April 29 The New York Times believes the Federal Reserve should take a measured approach to addressing inflation Jerome Powell, the chair of the Federal Reserve, has often expressed...

New Pakistan PM on 1st trip to Saudi amid political division

Apr. 29, 2022 08:01 AM EDT

DUBAI, United Arab Emirates (AP) — Pakistan's newly elected prime minister was visiting Saudi Arabia Friday on his first foreign trip since taking office, an attempt to boost economic relations with the wealthy, oil-rich kingdom as Pakistan struggles with huge debt, soaring inflation and a...

China promotes coal in setback for efforts to cut emissions

Apr. 24, 2022 22:49 PM EDT

BEIJING (AP) — China is promoting coal-fired power as the ruling Communist Party tries to revive a sluggish economy, prompting warnings Beijing is setting back efforts to cut climate-changing carbon emissions from the biggest global source. Official plans call for boosting coal...

Applebee's franchisee worker fired over leaked email

Apr. 02, 2022 17:53 PM EDT

SPRINGFIELD, Mo. (AP) — Applebee's has confirmed that an employee of a Missouri-based franchisee has been fired after sending an email speculating that high gas prices and the end of pandemic stimulus money would force employees to work longer hours for lower pay. “This is the...

Expanded Medicaid for new mothers begins in NC

Apr. 01, 2022 16:59 PM EDT

RALEIGH, N.C. (AP) — New mothers can now receive one year of full Medicaid coverage after delivery as a new state law expanding services took effect Friday. The 12-month coverage option was offered to states in a COVID-19 relief and stimulus package approved by Congress last...

In 1st big campaign do, Macron unveils vision for 2nd term

Mar. 17, 2022 12:51 PM EDT

PARIS (AP) — French President Emmanuel Macron on Thursday unveiled his proposals to boost the economy, fight inequality and improve France’s reactions to global crises if he wins a second term in next month’s elections. Macron spoke at a press conference that’s his first...

Asian stocks follow Wall Street higher after Fed rate hike

Mar. 16, 2022 23:50 PM EDT

BEIJING (AP) — Asian stock prices surged for a second day Thursday after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries. Hong Kong's benchmark jumped 5.8% and Tokyo gained 3%. Shanghai,...

China tries to calm markets by pledging support for economy

Mar. 16, 2022 07:54 AM EDT

BEIJING (AP) — China’s government tried Wednesday to reassure jittery investors by promising support for real estate and technology companies after regulatory crackdowns caused stock prices to plunge. Regulators should issue market-friendly policies to “invigorate the...