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Economy News

August 20, 2019

Home Depot cuts outlook citing tariffs, lumber prices

Home Depot cut its sales expectations for the year as lumber prices slid and the company braces for the potential impact of ...

Jamie Dimon

August 20, 2019

Top US CEOs rethink the meaning of shareholder value

The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most ...

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August 20, 2019

Celebrities part owners of Seattle soccer team

New Seattle Sounders part owners Russell Wilson, Ciara and Macklemore discuss joining the ownership group of Seattle's MLS ...

August 19, 2019

Markets Right Now: Stocks rise again, led by technology

The latest on developments in financial markets (all times local): 4 p.m. Stocks are notching their third gain in a row, ...

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August 19, 2019

Pence touts economy despite recession fears

Vice President Mike Pence praises the economy during a speech in Detroit without making reference to fears of a possible ...

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August 19, 2019

Where'd the stocks go? NASDAQ CEO on Market Shrink

The stock market is a much less crowded party than it used to be. NASDAQ CEO Adena Friedman says these days more companies ...

August 19, 2019

Lithuania to buy iodine tables as Belarus plans power plant

The Lithuanian government says it has decided to purchase more than 4 million iodine tablets, estimated to be worth 900,000 ...

August 19, 2019

Hong Kong bakery's mooncakes carry protest movement slogans

A Hong Kong bakery is doing its part to support the city's pro-democracy protest movement by making mooncakes with a message.

August 18, 2019

Tesla restarts its solar-panel business, offers rental plans

Tesla is trying to spark its solar-panel business by letting consumers rent rooftop systems rather than buy them. Tesla Inc.

Peter Mazza

August 18, 2019

Trade war's losers could include microchips, energy, banks

Looking across the stock market, it's hard to find a company that isn't vulnerable in some degree to the U.S.-China trade war

August 17, 2019

Yemen rebel drone attack targets remote Saudi oil field

Drones launched by Yemen's Houthi rebels attacked a massive oil and gas field deep inside Saudi Arabia's sprawling desert on ...

Peter Tuchman

August 17, 2019

Stock market gyrates as the economic picture gets blurred

You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors ...

August 17, 2019

Ivanka Trump adds Colombia to upcoming South America trip

Ivanka Trump is adding a stop in Colombia to a previously announced trip to South America in September to focus on the ...

August 16, 2019

Trump appoints student loan industry exec to watchdog job

The Trump administration has hired a longtime student loan industry executive to be the federal government's top watchdog for ...

new homes, construction

August 16, 2019

US home building fell 4% in July, slowing housing market

The pace of U.S. home construction fell a sharp 4% in July despite strong demand from would-be buyers, held back by a ...

August 16, 2019

Flooding, a trade war and Deere cuts outlook again

Deere & Co. cut its profit expectations for the second time this year as beleaguered farmers and an escalating trade war with ...

John Slosar, Ivan Chu, Rupert Hogg

August 16, 2019

Cathay Pacific CEO resigns after Beijing pressure

The CEO of Cathay Pacific Airways, one of Hong Kong's most prominent companies, resigned Friday following pressure by Beijing ...

August 16, 2019

The Latest: Protesters, police clash in Zimbabwe's capital

The Latest on Zimbabwe's anti-government demonstration (all times local): 11:05 a.m. Police are clashing with a few hundred ...

August 16, 2019

London Stock Exchange trade resumes after delay

The London Stock Exchange resumed trading Friday after a "services issue" delayed regular activity on its biggest indexes.

August 16, 2019

Worried about a recession? Protect yourself but don't panic

If the threat of a recession gives you pause when it comes to your personal finances, remember now is a time to prepare, not ...

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