Economy News

January 20, 2021

Alabama museum to restore full-sized mockup of space shuttle

The U.S. Space & Rocket Center in Alabama announced plans Tuesday to restore the world’s only full-sized mockup of a space ...

January 20, 2021

Justice Dept. won't charge Sen. Burr over stock sales

Sen. Richard Burr said Tuesday that the Justice Department has told him it will not prosecute him over stock sales made ...

January 19, 2021

US rejects Ford, Mazda requests to avoid Takata recalls

The U.S. government's highway safety agency has rejected a request from Ford and Mazda to avoid recalling about 3 million ...

January 19, 2021

Cuomo: NY will sue Feds if virus aid doesn't come

NY Gov. Andrew Cuomo has proposed two state budgets. One if the state gets what Cuomo calls New York's "fair share" of ...

January 19, 2021

Workers trapped week in China mine ask for pickles, porridge

Workers trapped for more than a week in a Chinese gold mine asked for pickles and porridge to be dropped to them while they ...

January 18, 2021

Carmaker Stellantis shares jump in Milan, Paris on first day

Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock ...

January 18, 2021

SKorean court gives Samsung scion prison term over bribery

Billionaire Samsung scion Lee Jae-yong was sent back to prison on Monday after a South Korean court handed him a two and a ...

January 18, 2021

Biden faces unrivaled challenges as he takes oath

When President-elect Joe Biden takes the oath of office Wednesday, he'll immediately face an almost unparalleled series of ...

January 18, 2021

12 workers trapped week ago in China mine blast are alive

Chinese state media say 12 out of 22 workers trapped for a week by an explosion in a gold mine are alive, as hundreds of ...

January 17, 2021

Insider Q&A: Mark Weinstein, MeWe's anti-Facebook CEO

Some users have fled Facebook and Twitter after the platforms booted President Donald Trump and some of his confederates for ...

January 17, 2021

Cargo ship sinks in the Black Sea; 3 dead, 6 rescued

A cargo ship sank off Turkey's Black Sea coast on Sunday, leaving at least three people dead, Turkish authorities said.

January 17, 2021

Banking heir Benjamin de Rothschild dies at 57

Benjamin de Rothschild, who oversaw the banking empire started by his father in 1953, has died. He was 57. The Edmond de ...

January 16, 2021

Nestlé recalls 762,000 pounds of pepperoni Hot Pockets

Nestlé Prepared Foods is recalling more than 762,000 pounds of pepperoni Hot Pockets, the U.S. Department of Agriculture’s ...

January 16, 2021

GM to build electric delivery vans in Canada

General Motors plans to spend $800 million to turn a Canadian SUV plant into one that will make electric delivery vans.

January 16, 2021

Haiti braces for unrest as opposition demands new president

Flying rocks. Burning tires. Acrid smoke. Haiti braced for a fresh round of widespread protests starting Friday, with ...

January 15, 2021

Pence remembers Chuck Yeager at W.Va. service

Vice President Mike Pence traveled to Charleston, West Virginia Friday to deliver remarks at a public celebration for the ...

January 15, 2021

Citigroup 4Q profit down 7%, revenue drops by 10%

Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank ...

January 15, 2021

December wholesale prices up 0.3% with sharp jump in energy

U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department ...

January 14, 2021

Powell signals Fed to keep aiding economy

Fed Chair Jerome Powell is tamping down concerns the Fed might withdraw some of its support for the U.S. economy, stressing ...

January 14, 2021

Turkmenistan, Afghanistan open new infrastructure projects

The leaders of Turkmenistan and Afghanistan on Thursday launched three new infrastructure projects intended to boost economic ...