Latest Economy News

Lawmakers impede next UK leader's path to a no-deal Brexit

Jul. 18, 2019 12:34 PM EDT

LONDON (AP) — With Britain set to get a new pro-Brexit leader within days, lawmakers on Thursday erected a roadblock in the path of any attempt by the incoming prime minister to take the country out of the European Union without a divorce deal. The move came as the U.K.'s official economic watchdog said a...

Indexes sink; Netflix miss pulls down communications stocks

Jul. 18, 2019 12:08 PM EDT

NEW YORK (AP) — U.S. stocks moved lower in midday trading on Wall Street Thursday after Netflix reported a slump in new subscribers and dragged down communications companies. The streaming video service plunged after subscriber additions fell far below Wall Street forecasts during the April-June period....

Markets Right Now: Netflix leads stocks lower on Wall Street

Jul. 18, 2019 11:54 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are moving lower on Wall Street as a big miss in subscriber numbers by Netflix pulls down communications companies. Netflix plunged 11.4% Thursday after saying its subscriber additions for the April-June...

Ukraine president's party leads ahead of parliamentary vote

Jul. 18, 2019 11:52 AM EDT

KIEV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskiy's party has the most support in opinion polls ahead of Sunday's early parliamentary election, but its ability to obtain a solid majority is far from certain. Zelenskiy, who took office in May, has so far been stymied by a parliament dominated by...

Greece gets nod from creditors to ease bailout-era taxes

Jul. 18, 2019 11:26 AM EDT

ATHENS, Greece (AP) — Senior officials from Greece's creditor institutions are meeting in Athens with the country's new conservative government, which is planning to begin dismantling bailout-era taxes next month. Representatives of the European Commission, European Central Bank, the International Monetary...

North Dakota 1Q taxable sales up nearly 10% from 2018

Jul. 18, 2019 10:57 AM EDT

BISMARCK, N.D. (AP) — North Dakota's taxable sales and purchases for the first quarter of 2019 increased nearly 10% over the same period the previous year. Taxable sales and purchases for January, February and March totaled nearly $4.4 billion, a 9.6% increase over the three-month span in 2018. Tax...

Elizabeth Warren pitches new constraints on private equity

Jul. 18, 2019 10:47 AM EDT

WASHINGTON (AP) — White House hopeful Elizabeth Warren is proposing new regulations on the private equity industry, pitching constraints designed to end what she decries as "legalized looting" by investment firms that take over troubled companies. Warren's plan, the latest in a series of policy ideas that...

Facing Trump's tariffs, some companies move, change or wait

Jul. 18, 2019 10:36 AM EDT

WASHINGTON (AP) — Some are moving factories out of China. Others are strategically redesigning products. Some are seeking loopholes in trade law or even mislabeling where their goods originate — all with the goal of evading President Donald Trump's sweeping tariffs on goods from China. But most of...

Facing Trump's tariffs, some companies move, change or wait

Jul. 18, 2019 10:31 AM EDT

WASHINGTON (AP) — Some are moving factories out of China. Others are strategically redesigning products. Some are seeking loopholes in trade law or even mislabeling where their goods originate — all with the goal of evading President Donald Trump's sweeping tariffs on goods from China. But most of...

Will a summer job burn your financial aid for college?

Jul. 18, 2019 10:31 AM EDT

Roughly one-third of teenagers have summer jobs, according to the Pew Research Center. Some of these jobs may make you very familiar with the letters "SPF." But every working student should know a different abbreviation to avoid getting burned: EFC. While you may be working to help pay for college, the money you...