Economy

October 06, 2019 - 9:06 pm
WASHINGTON (AP) — The nation's business economists think President Donald Trump's trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year. The latest survey by a panel of 51 forecasters with...
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FILE - In this Sept. 13, 2019, file photo specialist Anthony Rinaldi, left, and trader Patrick Casey work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Oct. 4. (AP Photo/Richard Drew, File)
October 06, 2019 - 7:51 pm
TOKYO (AP) — Asian shares were mixed Monday, following a healthy report on U.S. jobs, while investors cautiously awaited the upcoming trade talks between the U.S. and China. Japan's benchmark Nikkei 225 lost early gains to be down 0.2% in morning trading at 21,358.56. Australia's S&P/ASX 200...
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FILE - In this Tuesday, June 19, 2018 file photo Cheryl Juaire walks past a photo of her son, Corey Merrill, at her home in Marlborough, Mass. Victims of opioid addiction weren’t in the room when big decisions were hammered out in OxyContin maker Purdue Pharma’s proposal to settle claims over its role in the U.S. opioid crisis. Cheryl Juaire lost her 23-year-old son to a heroin overdose after he became addicted to prescription painkillers. (AP Photo/Steven Senne, File)
October 06, 2019 - 8:58 am
Victims of opioid addiction weren't in the room when OxyContin maker Purdue Pharma persuaded half the state attorneys general to settle claims over the company's role in the nationwide overdose epidemic. Now that Purdue is in federal bankruptcy court, four people whose lives were touched by...
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FILE - In this May 9, 2019 file photo, Energy Secretary Rick Perry testifies before the House Energy and Commerce Committee on his future budget request, on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite)
October 06, 2019 - 8:18 am
WASHINGTON (AP) — Energy Secretary Rick Perry encouraged President Donald Trump to speak to Ukraine's president — but on energy and economic issues, Perry's spokeswoman said Sunday, addressing Perry's role in a telephone call that's at the center of a congressional impeachment probe for Trump. "...
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Cars drive past billboards of Portuguese Prime Minister and Socialist Party leader Antonio Costa, left, and Left Bloc leader Catarina Martins, in Lisbon, Thursday, Oct. 3, 2019. Portugal will hold a general election on Oct. 6 in which voters will choose members of the next Portuguese parliament. Slogan on the Socialist's billboard reads in Portuguese, "It's your vote that decides". (AP Photo/Armando Franca)
October 06, 2019 - 12:18 am
LISBON, Portugal (AP) — Portugal is holding a general election, with the center-left Socialist Party widely expected to collect most votes and stay in government for another four years. The Socialists have overseen a strong economic recovery, with unemployment dropping by around half, to 6%, over...
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Shoppers browse in a market in Leogane, Haiti, Saturday, Oct. 5, 2019. The political turmoil is hitting cities and towns outside the capital of Port-au-Prince especially hard, forcing non-government organizations to suspend aid as barricades ranging from large rocks to burning tires cut off the flow of goods between the city and the countryside, further deepening poverty in places like Leogane.(AP Photo/Rebecca Blackwell)
October 05, 2019 - 9:06 pm
LEOGANE, Haiti (AP) — Gabriel Duvalesse squatted slightly as he prepared to push 50 gallons (190 liters) of cooking oil in an old wheelbarrow to an outdoors market an hour away so he could earn $1. It was his first job in seven days as deadly protests paralyze Haiti's economy and shutter businesses...
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October 04, 2019 - 11:06 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible." Powell notes that unemployment is at a half-century low and inflation is running...
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Wheels of parmesan cheese are on sale with spirits in a deli in Rome, Thursday, Oct. 3, 2019. The U.S. had prepared for Wednesday's ruling and already drawn up lists of the dozens of goods it would put tariffs on. They include EU cheeses, olives, and whiskey, as well as planes, helicopters and aircraft parts in the case _ though the decision is likely to require fine-tuning of that list if the Trump administration agrees to go for the tariffs. (AP Photo/Alessandra Tarantino)
October 04, 2019 - 10:35 am
CÓRDOBA, Spain (AP) — Olives are harvested the old-fashioned way on Juan Luque's farm in southern Spain, as men thrash the gnarly tree limbs with poles, raining the small green fruit into the motorized collector waiting underneath. But for Luque and thousands of other farmers scattered across...
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FILE - In this Sept. 13, 2019, file photo specialist Anthony Rinaldi, left, and trader Patrick Casey work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Oct. 4. (AP Photo/Richard Drew, File)
October 04, 2019 - 7:52 am
NEW YORK (AP) — Stocks climbed Friday after a report showed the U.S. jobs market is still growing enough for the unemployment rate to drop to a five-decade low, even though it's slowing. The report gave some reassurance after a rough week dominated by surprisingly weak numbers on U.S. manufacturing...
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FILE - In this July 24, 2019, file photo, the container ship Hansa Augsburg is shown docked at PortMiami in Miami. On Friday, Oct. 4, the Commerce Department reports on the U.S. trade gap for August. (AP Photo/Wilfredo Lee, File)
October 04, 2019 - 5:40 am
WASHINGTON (AP) — The U.S. trade deficit widened in August for the first time in three months as exports increased but imports increased more. The politically sensitive gap with China in the trade of goods narrowed. The Commerce Department said Friday that the gap between what the United buys and...
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