Latest Economy News

New startup aims to boost manufacturing sector in Mandan

Dec. 15, 2018 2:05 AM EST

BISMARCK, N.D. (AP) — A startup company making prebuilt home frames is aiming to fill a gap left in Mandan when it lost a longtime window manufacturing company at the end of 2013. Nordic Steel Systems, which frames homes with steel rather than wood, could change the way houses have been constructed for the...

Afghanistan hosts Pakistan, China for wide-ranging talks

Dec. 15, 2018 12:55 AM EST

KABUL, Afghanistan (AP) — Afghanistan, Pakistan and China are meeting in the Afghan capital to discuss trade, development and ending the region's relentless conflicts. Shahussain Murtazawi, the deputy spokesman for the Afghan president, says envoys meeting Saturday will discuss everything from regional...

Trump weighs next move on border wall as shutdown looms

Dec. 15, 2018 12:41 AM EST

WASHINGTON (AP) — Congress is racing to avoid a partial government shutdown next Friday over President Donald Trump's border wall. But you wouldn't know it by the schedule, as lawmakers left town waiting for the White House's next move. The House is taking an extended five-day weekend, returning Wednesday...

Democratic governor-elect of New Mexico begins appointments

Dec. 14, 2018 10:12 PM EST

SANTA FE, N.M. (AP) — A professional advocate for the renewable energy industry was appointed Friday to lead the New Mexico state agency overseeing oil well permits and incentives for wind and solar energy production, in a striking departure from the current Republican-led administration. New Mexico...

China suspends tariff hikes on US cars, auto parts

Dec. 14, 2018 7:28 PM EST

BEIJING (AP) — China announced a 90-day suspension on Friday of tariff hikes on U.S. cars, trucks and auto parts following its cease-fire in a trade battle with Washington that threatens global economic growth. The suspension is China's first step in response to President Donald Trump's Dec. 1 agreement to...

Farmers share trade concerns at Nebraska convention

Dec. 14, 2018 6:20 PM EST

OMAHA, Neb. (AP) — More than 2,000 farmers from across the U.S. and Canada shared concerns at a recent Nebraska convention about low crop prices in the wake of President Donald Trump's trade dispute with China. Farmers met this week in Omaha for an annual convention hosted by Farmers Business Network, an...

Former White House economist joins Chicago school board

Dec. 14, 2018 6:00 PM EST

CHICAGO (AP) — An economist who served on the Council of Economic Advisers during the Obama administration has been appointed to the Chicago school board. Austan Goolsbee is a professor at the University of Chicago. Mayor Rahm Emanuel announced his appointment to the school board Friday. Goolsbee says the...

Michigan governor signs bills to gut wage, sick time laws

Dec. 14, 2018 5:28 PM EST

LANSING, Mich. (AP) — Gov. Rick Snyder on Friday signed laws to significantly scale back citizen-initiated measures to raise Michigan's minimum wage and require paid sick leave for workers, finalizing an unprecedented Republican-backed legislative maneuver that opponents blasted as shameful. To prevent...

Stocks plunge to 8-month lows on growth fears; J&J nosedives

Dec. 14, 2018 5:22 PM EST

NEW YORK (AP) — Stocks staggered to eight-month lows Friday after weak economic data from China and Europe set off more worries about the global economy. Mounting tensions in Europe over Britain's impending departure from the European Union also darkened traders' moods. Major U.S. indexes fell about 2...

Climate talks extended as island nations demand action

Dec. 14, 2018 5:09 PM EST

KATOWICE, Poland (AP) — Weary officials from almost 200 countries faced another day of negotiations at the U.N. climate talks to bridge their last remaining differences as small island nations on Friday demanded an ambitious stance against global warming. The talks in Poland were supposed to end Friday,...