Latest Economy News

In Venezuela, women sell hair as another way to get by

Apr. 22, 2019 10:21 AM EDT

CARACAS, Venezuela (AP) — Valery Díaz covered her eyes and held her breath before looking in a hair salon mirror to see herself without much of the long dark hair that used to frame her face. The 16-year-old student was paid $100 for the shorn hair, money she'll use to help her family and buy a...

Stocks open broadly lower, but energy sector gains with oil

Apr. 22, 2019 10:19 AM EDT

NEW YORK (AP) — The price of crude oil surged Monday after the U.S. government moved to further block Iranian oil exports. That helped to lift energy stocks, but losses elsewhere in the market pulled U.S. indexes modestly lower in morning trading. The Trump administration told five countries, including the...

Home sales fall 4.9% in slow start to spring buying season

Apr. 22, 2019 10:14 AM EDT

WASHINGTON (AP) — Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties. The National Association of Realtors said Monday that home sales fell 4.9% to a seasonally adjusted annual rate of 5.21 million, down...

The Latest: Oil prices rise after US oil sanctions decision

Apr. 22, 2019 10:05 AM EDT

WASHINGTON (AP) — The Latest on U.S. sanctions on countries importing Iranian oil (all times local): 10 a.m. Oil prices rose following news the Trump administration is telling five nations, including allies Japan, South Korea and Turkey, they will no longer be exempt from U.S. sanctions if they import oil...

Sales of US existing homes fell 4.9% in March to mark slow start of spring home-buying season

Apr. 22, 2019 10:01 AM EDT
WASHINGTON (AP) — Sales of US existing homes fell 4.9% in March to mark slow start of spring home-buying season.

Markets Right Now: Stocks open lower, crude oil prices rise

Apr. 22, 2019 9:44 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening mostly lower on Wall Street following a long holiday weekend, while energy stocks rose along with crude oil prices. Benchmark U.S. crude oil rose 2.4% early Monday after the U.S. said it wouldn't...

US won't renew sanctions waivers for importing Iranian oil

Apr. 22, 2019 9:20 AM EDT

WASHINGTON (AP) — The Trump administration on Monday told five nations — Japan, South Korea, Turkey, China and India — that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran. President Donald Trump has decided not to reissue the waivers when they...

AP FACT CHECK: Trump, AG spread untruths on Mueller report

Apr. 22, 2019 8:55 AM EDT

WASHINGTON (AP) — President Donald Trump is still distorting the truth about the Russia investigation , claiming exoneration from a special counsel's report that he is also assailing as hopelessly biased. Confronted with unflattering details in the report about his monthslong effort to undermine federal...

Pennsylvania's unemployment rate, payrolls set new records

Apr. 22, 2019 8:38 AM EDT

HARRISBURG, Pa. (AP) — Pennsylvania's unemployment rate dropped in March to the lowest rate on record, as payrolls hit a new record. The state Department of Labor and Industry said Pennsylvania's unemployment rate dropped by one-tenth of a percentage point to 3.9%. Pennsylvania's rate had twice previously...

White House: US ending sanction waivers for countries importing Iran oil, increasing economic pressure on Iran

Apr. 22, 2019 8:27 AM EDT
WASHINGTON (AP) — White House: US ending sanction waivers for countries importing Iran oil, increasing economic pressure on Iran.