Latest Economy News

Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right

Dec. 08, 2023 17:47 PM EST

NEW YORK (AP) — Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market. The S&P 500 rose 0.4%, enough to clinch a sixth straight winning week for the index, which is its longest such streak in four...

Solid US hiring lowers unemployment rate in latest sign of a still-sturdy job market

Dec. 08, 2023 17:16 PM EST

WASHINGTON (AP) — U.S. employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing,” in which inflation would return to the Federal Reserve’s 2% target without causing a steep recession. ...

A 'soft landing' or a recession? How each one might affect America's households and businesses

Dec. 08, 2023 16:23 PM EST

WASHINGTON (AP) — The solid hiring revealed in Friday's jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession. A so-called soft landing...

Chinese leaders wrap up annual economic planning meeting with scant details on revving up growth

Dec. 08, 2023 13:55 PM EST

BEIJING (AP) — Chinese leaders agreed at an annual planning meeting to step up spending to help rev up the world's second-largest economy, state media reported Friday, without giving details of any policy changes. The official Xinhua News Agency said leader Xi Jinping chaired the...

Inflation eased in 2023. That's giving investors hope for a gentler Federal Reserve next year

Dec. 07, 2023 08:02 AM EST

NEW YORK (AP) — Inflation gradually loosened its grip on Wall Street and the economy in 2023, raising hopes for a gentler Federal Reserve and solid gains for the market next year. Stocks rallied to their best month of the year in November as investors raised their bets that the Fed...

Editorial Roundup: Georgia

Dec. 07, 2023 07:14 AM EST

Valdosta Daily Times. December 5, 2023. Editorial: Domestic disputes mar holidays Sadly, during the holidays law enforcement typically responds to the most incidents of domestic violence. This should be a joyous time, when people spend special days and...

CEOs of the nation's biggest banks warn that new regulations could harm the economy

Dec. 06, 2023 14:13 PM EST

NEW YORK (AP) — The heads of Wall Street's biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration's proposed changes to how banks are regulated, warning that the new proposals could negatively impact the economy at a time of...

Stock market today: Asian shares are mostly up as weak jobs data back hopes for an end to rate hikes

Dec. 05, 2023 23:16 PM EST

BANGKOK (AP) — Asian shares advanced on Wednesday after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy. Hong Kong's Hang Seng gained 0.5% to 16,413.96 while the Shanghai Composite edged 0.1% higher, to 2,968.75. The gains...

How major US stock indexes fared Tuesday, 12/5/2023

Dec. 05, 2023 16:34 PM EST

Most stocks slipped on Wall Street, but the market hung near its highest level in 20 months following a mixed set of reports on the economy. The S&P 500 fell 0.1% Tuesday, the Dow fell 0.2%, and the Nasdaq composite rose 0.3%. KeyCorp led a slump for bank stocks...

Moody's cuts China credit outlook to negative, cites slowing economic growth, property crisis

Dec. 05, 2023 05:12 AM EST

HONG KONG (AP) — Credit rating agency Moody’s cut its outlook for Chinese sovereign bonds to negative on Tuesday, citing risks from a slowing economy and a crisis in its property sector. Moody’s said the downgrade, its first for China since 2017, reflects risks from financing...