Economy News

February 21, 2019

US says airfares hit new lows after factoring inflation

The average fare for airline travel within the United States has hit the lowest level since the government started keeping ...

February 21, 2019

Average US mortgage rates fell this week

U.S. long-term mortgage rates dipped this week to the lowest average in more than a year, providing a possible boost to the ...

February 21, 2019

Deadly Bangladesh fire shows lapses in development

A fire in Bangladesh that killed at least 67 people in the oldest part of the capital shows the lapses in public safety that ...

February 21, 2019

US home sales tumbled 1.2 percent in January

U.S. home sales fell 1.2 percent in January to their worst pace in more than three years, as persistent affordability ...

February 21, 2019

Muslim group seeks congressional probe on terror watchlist

A Muslim civil rights group called for a congressional investigation Wednesday after its lawsuit revealed that the U.S.

February 21, 2019

Oakland teachers to walk off the job Thursday

Teachers in Oakland, California, will become the latest educators in the country to strike over pay and classroom conditions.

February 20, 2019

Minutes show Fed officials noted number of rising threats

Federal Reserve policymakers last month noted greater threats to the U.S. economy, ranging from adverse effects of the ...

February 20, 2019

Southwest grapples with new labor and revenue problems

Southwest Airlines is lashing out at the union representing its mechanics, suggesting that they may be grounding planes to ...

February 20, 2019

Driver hurt by air bag shrapnel as investigation drags on

Nearly four years ago, the U.S. government's highway safety agency began investigating air bag inflators made by ARC ...

February 20, 2019

French court hits Swiss bank UBS with $5.1 billion penalty

A French court ordered Switzerland's largest bank, UBS, to pay 4.5 billion euros ($5.1 billion) in fines and damages for ...

February 20, 2019

Caesars Entertainment talks with billionaire investor Icahn

Caesars Entertainment said Wednesday that it has talked with billionaire investor Carl Icahn, who began pushing for ...

February 20, 2019

Trouble at CVS Health long-term care business weighs heavily

CVS Health is setting 2019 earnings expectations well below Wall Street forecasts, as the company struggles to fix part of ...

February 20, 2019

Failing Payless to honor gift cards, store credit into March

The failing Payless ShoeSource chain will honor gift cards and store credit until March 11 as the company liquidates all ...

February 20, 2019

World shares mostly higher on upbeat talk on China-US trade

Stocks were mostly higher in Europe and Asia on Wednesday after U.S. President Donald Trump suggested trade talks with China ...

February 20, 2019

APNewsBreak: Feds share watchlist with 1,400 private groups

The federal government has acknowledged that it shares its terrorist watchlist with more than 1,400 private entities, ...

February 20, 2019

Trump chooses Jeffrey Rosen for deputy attorney general

President Donald Trump on Tuesday said he intends to nominate Jeffrey Rosen, a longtime litigator and deputy transportation ...

February 19, 2019

Walmart flexes in the fourth quarter, beats all expectations

Walmart defied a gloomy government retail sales report for December, delivering fiscal fourth-quarter profits and sales that ...

February 19, 2019

Payless files for bankruptcy, closing North American stores

Payless ShoeSource has filed for Chapter 11 bankruptcy protection and is shuttering its remaining stores in North America.

February 19, 2019

Nobel laureates, advocates to advise G-7 on women's rights

Human rights advocates met Tuesday in Paris to discuss potential strategies leading industrial nations could employ to reduce ...