Economy News

September 20, 2019

Injured crewman sues boat owner for fiery disaster at sea

A crewman injured while escaping the fire that killed 34 people aboard a dive boat off Southern California sued the vessel's ...

September 20, 2019

AP Source: GM's offer to UAW would add lower-paying jobs

A General Motors offer to invest $7 billion in U.S. facilities includes $2 billion from joint ventures and suppliers for new ...

September 20, 2019

Governor: Suicide bomb in southern Afghanistan kills 20

A powerful suicide truck bomb devastated a hospital in southern Afghanistan early Thursday morning, killing 20 people and ...

September 19, 2019

A FedEx pilot is detained before boarding a flight in China

FedEx says one of its pilots was detained in China after an item was found in his luggage before he boarded a commercial ...

September 19, 2019

Airbnb says it will go public in 2020

Airbnb Inc. said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved ...

September 19, 2019

Walmart CEO McMillon named Business Roundtable chairman

The Business Roundtable, a group that represents the most powerful companies in America, has named Walmart President and CEO ...

September 19, 2019

Average 30-year mortgage rate rose to 3.73%

U.S. long-term mortgage rates shot up this week, yet they stayed close to the historic lows that appear to be helping the ...

September 19, 2019

Mortgage rates boosted US home sales 1.3% in August

U.S. home sales rose 1.3% in August to the highest level in 17 months, as mortgage rates near historic lows have spurred a ...

September 19, 2019

Japan court: TEPCO execs not guilty in Fukushima disaster

A Japanese court ruled Thursday that three former executives of Tokyo Electric Power Company were not guilty of professional ...

September 19, 2019

Challenge to Parliament shutdown wrapping up at UK top court

Former British Prime Minister John Major accused current leader Boris Johnson of a "conspicuous" failure to explain why he ...

September 19, 2019

Bank of England holds rates as it awaits Brexit clarity

The Bank of England kept its main interest rate unchanged at 0.75% Thursday, its last scheduled interest rate decision before ...

September 18, 2019

Johnson faces Brexit flak from EU lawmakers and top UK court

British Prime Minister Boris Johnson was accused by European Union officials Wednesday of failing to negotiate seriously and ...

September 18, 2019

Analyst: DC/market pressure put Fed into corner

Stocks mostly rebounded at the close of trading after the Federal Reserve delivered an expected cut in interest rates.

September 18, 2019

Fed reduces rates but may not cut again this year

A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to ...

September 18, 2019

Analysts: Weapons in Saudi attack similar to Iranian ones

A cruise missile and drone fragments that Saudi Arabia says it recovered from an attack on its oil industry bear similarities ...

September 18, 2019

Nigerian women protest over apparent serial killings

Women in southern Nigeria marched in the streets on Wednesday to protest the deaths of several women in hotel rooms by what ...

September 18, 2019

BA pilots call off planned 24-hour strike, urge 'cool heads'

British Airways pilots have called off a planned 24-hour strike in their dispute with the airline over pay. Members of the ...

September 18, 2019

The Latest: Merkel open to free trade agreement post-Brexit

The Latest on Brexit (all times local): 3:45 p.m. German Chancellor Angela Merkel says she still sees a possibility for ...

September 18, 2019

US home building climbs 12.3% in August to 12-year high

The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building. The Commerce ...

September 18, 2019

UK blocks aerospace takeover by US investor over security

The British government is halting the takeover of a U.K. aerospace company by a U.S. private equity firm to assess whether ...