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Economy News

May 24, 2019
Modi surges to victory in India on Hindu-first platform
Narendra Modi, India's charismatic but polarizing prime minister, was headed Friday for a landslide election victory, ...
May 24, 2019
Tokyo-Vegas investment chief gets 50 years in huge scheme
The former head of a Tokyo and Las Vegas investment firm was sentenced Thursday to 50 years in prison for bilking thousands ...
May 23, 2019
US long-term mortgage rates slip; 30-year average at 4.06%
U.S. long-term mortgage rates fell slightly this week, marking a fourth straight week of declines to lure prospective ...
Robert Charmak
May 23, 2019
Stocks tumble on trade war anxiety; Dow down as much as 400
Stocks tumbled Thursday on Wall Street as investors' anxiety over the U.S. trade spat with China increased and put the market ...
May 23, 2019
US new-home sales fell 6.9% in April
Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are ...
May 23, 2019
Deutsche Bank ready for more cuts as share price sags
The CEO of Deutsche Bank says he is ready to make "tough cuts" as he aims to strengthen the struggling bank's profitability ...
Xi Jinping
May 23, 2019
China seeks Asian neighbors' support in trade fight with US
China is seeking support from Russia and from its Central Asian neighbors in its escalating tariff fight with the U.S., while ...
May 23, 2019
Liberal groups want 2020 Dems to back Pentagon spending cuts
Nearly two dozen progressive groups are launching a new push to persuade Democratic presidential candidates to support ...
Michael Cohen
May 23, 2019
Search warrants tied to former Trump lawyer Cohen released
It was Michael Cohen's numerous contacts with a Russia-linked company and a sudden flow of foreign money into a bank account ...
May 22, 2019
Target's online game is on target
An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter ...
Steven Mnuchin
May 22, 2019
Mnuchin says Tubman $20 bill design delayed past 2020
Treasury Secretary Steven Mnuchin said Wednesday the redesign of the $20 bill to feature 19th century abolitionist leader ...
May 22, 2019
Correction: Flooding-Mississippi River Barges story
In a story May 18 about an interruption in barge traffic along the Mississippi River, The Associated Press erroneously ...
May 22, 2019
Last days of May? UK leader in peril as Brexit offer slammed
British Prime Minister Theresa May dug in Wednesday against a relentless push by rivals and former allies to remove her from ...
May 22, 2019
The Latest: Brexit: Senior Cabinet official quits UK govt
The Latest on Brexit (all times local): 7:55 p.m. A senior member of Prime Minister Theresa May's Cabinet has quit over ...
May 22, 2019
World markets subdued amid trade uncertainty
World stock markets were subdued Wednesday as investors monitored developments in the U.S.-China trade war and looked ahead ...
May 22, 2019
Earthquake shakes northern Netherlands, no injuries reported
A magnitude 3.4 earthquake has shaken the northern Dutch province of Groningen, the latest in a series of tremors blamed on ...
May 22, 2019
Air China seeks Boeing compensation for 737 Max delays
Air China Ltd., one of China's three major state-owned airlines, is joining carriers that are asking Boeing Co.
May 22, 2019
Report: Many Uber, Lyft drivers fail to respond to recalls
One out of six Uber and Lyft drivers in the New York City and Seattle areas are driving vehicles with outstanding recalls, ...
May 21, 2019
Tesla reduces prices on Models S and X amid stock slump
Tesla has reduced the prices of its two most expensive models, raising concerns about fading interest in its cars and whether ...
May 21, 2019
Department stores woes reflected in latest batch of results
The outlook for department stores grew murkier Tuesday after J.C. Penney, Kohl's and Nordstrom reported fiscal first quarter ...
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