Latest Economy News

Police use tear gas in Paris amid an array of protests

Sep. 21, 2019 8:15 AM EDT

PARIS (AP) — Paris police used tear gas Saturday to disperse anti-government demonstrators who are trying to revive the yellow vest movement in protest at perceived economic injustice and French President Emmanuel Macron's government. The French capital was placed under high security as a few hundred...

Utah unemployment rate remains steady at 2.8% in August

Sep. 21, 2019 12:01 AM EDT

SALT LAKE CITY (AP) — Utah's seasonally adjusted unemployment rate has held steady at 2.8% for three straight months. The Department of Workforce Service's monthly report released Friday also says nonfarm payroll employment for August grew by an estimated 3 percent, with 45,900 jobs added to the economy...

Trump says he doesn't need China trade deal before election

Sep. 20, 2019 6:49 PM EDT

WASHINGTON (AP) — As China and the U.S. near a new round of trade talks, President Donald Trump said Friday he doesn't feel he needs to secure an agreement before next year's election. Trump told reporters he wants a complete deal with China and won't accept one that only addresses some of the differences...

Fresh US-China trade worries erase early gains for stocks

Sep. 20, 2019 6:06 PM EDT

Wall Street closed out a volatile week with losses Friday as investors worried that upcoming trade talks aimed at resolving the costly trade war between Washington and Beijing could be in trouble. The selling, which erased modest early gains for the market, snapped a three-week win streak for the S&P 500. The...

23 states sue Trump to keep California's auto emission rules

Sep. 20, 2019 5:29 PM EDT

SACRAMENTO, Calif. (AP) — California sued Friday to stop the Trump administration from revoking its authority to set greenhouse gas emission and fuel economy standards for cars and trucks, enlisting help from 22 other states in a battle that will shape a key component of the nation's climate policy....

How major US stock indexes fared Friday

Sep. 20, 2019 4:54 PM EDT

Stocks finished lower on Wall Street Friday amid new concerns about the progress of trade talks between the U.S. and China. The market turned lower in the afternoon after reports said a Chinese trade delegation had cut short a trip to the U.S. The selling, which erased modest early gains for the market, snapped a...

Fed announces plans to provide more support for repo market

Sep. 20, 2019 4:47 PM EDT

WASHINGTON (AP) — The Federal Reserve will keep pumping cash into a vital but obscure corner of U.S. financial markets in coming weeks. The New York Federal Reserve Bank, which handles the central bank's interactions with financial markets, said Friday that it will offer daily repurchase, or "repo,"...

Economists: Hawaii's economy will slow to near standstill

Sep. 20, 2019 4:24 PM EDT

HONOLULU (AP) — Hawaii's economy will likely slow to a near standstill in coming years, according to a new report published Friday. Economic growth will be less than 1% in each of the next three years, the University of Hawaii Economic Research Organization forecast in the report. "The outlook is for...

Kansas jobless rate in August was lowest in 20-plus years

Sep. 20, 2019 4:18 PM EDT

TOPEKA, Kan. (AP) — Kansas is reporting that unemployment in the state dropped to 3.2% in August and was at its lowest rate in more than 20 years. The state Department of Labor said Friday that the state gained private-sector jobs during the month and over the past year. Labor economist Emilie Doerksen...

Markets Right Now: Stocks fall on fresh trade worries

Sep. 20, 2019 4:17 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are finishing lower Friday on concerns about the progress of trade talks between the U.S. and China. The market turned lower in the afternoon after reports said a Chinese trade delegation had cut short a trip...