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Economy News

July 22, 2018
Large police presence reported at Los Angeles supermarket
A large number of police and rescue personnel were responding to a Los Angeles supermarket, amid numerous media reports of ...
July 21, 2018
Cuba approves new leader's Cabinet with old faces in place
Cuban lawmakers on Saturday approved the Cabinet named by new President Miguel Diaz-Canel, keeping most of the ministers from ...
July 21, 2018
Egypt hikes natural gas prices by up to 75 percent
Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among ...
July 21, 2018
Iran's top leader endorses warning over oil supplies
Iran's top leader has endorsed a warning made earlier by the country's president over Mideast oil supplies. State TV reported ...
July 20, 2018
Newton's 'Principia' among items in alleged $8M book scheme
An archivist and an antique bookseller were charged Friday with stealing millions of dollars' worth of rare books, ...
July 20, 2018
NOT REAL NEWS: A look at what didn't happen this week
A roundup of some of the most popular but completely untrue headlines of the week. None of these stories is legit, even ...
July 20, 2018
UK PM May and her Brexit vision get little sympathy from EU
Embattled British Prime Minister Theresa May found little sympathy Friday from the European Union's 27 other nations in her ...
Xi Jinping, Mohamed bin Zayed Al Nahyan
July 20, 2018
Chinese president meets top leaders in 1st visit to UAE
Chinese President Xi Jinping is in the United Arab Emirates meeting with top leaders as the two countries seek to deepen ...
Brendan Kennedy
July 19, 2018
Canadian marijuana company Tilray has first US pot IPO
A Canadian company is the first marijuana business to complete an initial public offering on a major U.S. stock exchange, ...
July 19, 2018
Microsoft profit up, aided by cloud rivalry with Amazon
Microsoft Corp. on Thursday reported quarterly profit of $8.9 billion, boosted in part by its efforts to rival Amazon as a ...
July 19, 2018
NOT REAL NEWS: Elon Musk not leaving Tesla for startup
Elon Musk has not announced plans to leave Tesla to start a digital currency company despite a false report circulating ...
July 19, 2018
Union Pacific's 2Q profit jumps as volume rises 4 percent
Union Pacific Corp. hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the ...
July 19, 2018
Average US mortgage rates dip; 30-year at 4.52 percent
Long-term U.S. mortgage rates edged slightly lower this week. Mortgage buyer Freddie Mac says the average rate on 30-year, ...
July 19, 2018
Chinese president visits UAE amid push to increase influence
Chinese President Xi Jinping arrived in Abu Dhabi on Thursday on his first trip to the United Arab Emirates as the leader of ...
July 19, 2018
Abu Dhabi awards $1.6 billion survey project to China's CNPC
The Abu Dhabi National Oil Company says it has awarded contracts worth AED 5.88 billion ($1.6 billion) to China's largest ...
July 19, 2018
Global stocks drift lower as US considers more tariffs
Global stock markets drifted lower Thursday as the U.S. mulled whether to impose new tariffs on autos and auto parts.
July 19, 2018
Japan prosecutors charge Kobe Steel in fake data scandal
Japanese prosecutors charged major steelmaker Kobe Steel Thursday with violating laws overseeing competition in a massive ...
July 19, 2018
AmEx 2Q profit rises, but there are worry spots on lending
American Express said Wednesday that its second-quarter profit rose 21 percent from a year ago, as the credit card giant saw ...
July 18, 2018
Puerto Rico's power company sees 3rd CEO in 2 weeks
Puerto Rico's governor named a new CEO on Wednesday to lead the U.S. territory's power company, which has now seen three top ...
July 18, 2018
Alaska spaceport shortlisted for Rocket Lab launch site
A California-based rocket company has shortlisted the spaceport in Kodiak, Alaska, as a possible permanent home for its ...
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