Latest Economy News

Asian stocks mixed after Wall St falls on Fed rate hike hint

Jun. 17, 2021 01:39 AM EDT

BEIJING (AP) — Asian stock markets were mixed Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo fell while Shanghai and Hong Kong gained after Fed policymakers estimated their benchmark rate would...

Asian stocks follow Wall St lower on Fed hints at rate hikes

Jun. 16, 2021 23:19 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. Tokyo, Hong Kong and Seoul fell while Shanghai gained after Fed policymakers, who previously...

Edwards agrees to July 31 end to federal unemployment aid

Jun. 16, 2021 19:26 PM EDT

BATON ROUGE, La. (AP) — Gov. John Bel Edwards has agreed to turn off federal pandemic unemployment payments at the end of July in exchange for a long-term, modest boost to Louisiana's jobless benefits, announcing Wednesday that he's signed a bill that makes the trade. ...

Whitmer: Reinstate incentive so companies can hire workers

Jun. 16, 2021 18:44 PM EDT

LANSING, Mich. (AP) — Gov. Gretchen Whitmer on Wednesday asked Michigan lawmakers to reinstate certain employers' ability to hire new workers who, while working, would still get a $300-a-week unemployment benefit into early September. The governor this week has been...

Millions fear eviction as US housing crisis worsens

Jun. 16, 2021 18:32 PM EDT

NEW YORK (AP) — More than 4 million people say they fear being evicted or foreclosed upon in the coming months, just as two studies released Wednesday found that the nation's housing availability and affordability crisis is expected to worsen significantly following the pandemic. ...

Business leaders discuss how new flag impacts state economy

Jun. 16, 2021 18:24 PM EDT

JACKSON, Miss. (AP) — A prominent Mississippi business leader said Wednesday the decision to change the state's flag has removed a “significant impediment” to economic development in Mississippi. Mississippi lawmakers voted last year to retire a Confederate-themed...

Fed sees earlier time frame for rate hikes with inflation up

Jun. 16, 2021 18:19 PM EDT

WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. ...

In California, get a vaccination, ride a roller coaster

Jun. 16, 2021 18:00 PM EDT

SACRAMENTO, Calif. (AP) — California is giving away more goodies to people who get coronavirus vaccinations and plans to make it easier to show who has been inoculated as health officials and businesses encourage people to get their shots so they can fully partake in the state's newly...

The Latest: COVID-19 cases rise in Missouri tourist areas

Jun. 16, 2021 16:38 PM EDT

O’FALLON, Mo. — A swath of southern Missouri is seeing a big rise in coronavirus cases and hospitalizations at just the wrong time — as tourists eager to get out after being cooped up for a year make their way to popular destinations like Branson and Lake of the Ozarks. ...

How major US stock indexes fared Wednesday

Jun. 16, 2021 16:33 PM EDT

Stocks fell on Wall Street and bond yields rose Wednesday after Federal Reserve officials signaled they may start easing off the accelerator on their massive support for markets and the economy earlier than previously thought. The S&P 500 fell after a highly...