Economy News

September 20, 2018

Average US mortgage rates rise; 30-year at 4.65 percent

Long-term U.S. mortgage rates are up for the fourth consecutive week, with the key 30-year rate reaching its highest level ...

September 20, 2018

US home sales were flat in August

U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 — a level ...

September 20, 2018

Turkey expects lower growth amid currency turmoil

Turkey expects lower economic growth in coming years amid concerns over inflation and a sliding currency. Treasury and ...

September 20, 2018

Indonesia imposes moratorium on new palm oil plantations

Indonesia's president has signed a moratorium on new palm oil development and ordered a review of existing plantations, an ...

September 20, 2018

Japan's Abe re-elected as party head, to stay on as PM

Japanese Prime Minister Shinzo Abe was re-elected as head of his ruling Liberal Democratic Party in a landslide Thursday, ...

September 20, 2018

Malaysia's ex-PM pleads not guilty to new corruption charges

Former Malaysian Prime Minister Najib Razak pleaded not guilty Thursday to 25 new charges of abuse of power and money ...

September 20, 2018

Women supporting Kavanaugh find themselves in storm's center

It started as a series of phone calls among old high-school friends and ended up embroiling 65 women in the firestorm over ...

September 20, 2018

Owner of 3D-printed gun company accused of sex with minor

The owner of a Texas company that makes untraceable 3D-printed guns is wanted on an arrest warrant tied to an accusation that ...

Thomas Ferrigno, Dilip Patel, Karan Virdi

September 20, 2018

Asian shares track optimism on Wall Street over tariffs

Asian markets were mostly higher on Thursday with narrow trading after news of a fresh round of tariffs by the U.S. on $200 ...

September 20, 2018

How 65 women came to Kavanaugh's defense in matter of hours

It started as a series of phone calls among old high-school friends and ended up embroiling 65 women in the firestorm over ...

September 20, 2018

Trump to nominate economist Nellie Liang for Fed board seat

President Donald Trump is set to nominate former Federal Reserve economist Nellie Liang to the central bank's board of ...

September 19, 2018

Putin says Russia perfected weapons based on Syria campaign

Russian President Vladimir Putin says that the military's combat experience gained in Syria has helped develop new weapons ...

September 19, 2018

Biopharmaceutical company fined for misleading investors

A Colorado-based biopharmaceutical company has been penalized more than $20 million for misleading investors about the ...

September 19, 2018

Trump: Not concerned about Manafort cooperation

President Donald Trump said Wednesday that he's not concerned about what his former campaign chairman is telling ...

September 19, 2018

World Bank: Global poverty rate drops to record low 10 pct.

Global poverty has fallen to a record low. The World Bank said Wednesday that 10 percent of the world's population lived on ...

September 19, 2018

AutoNation chief, after 20 years, is turning over the keys

Mike Jackson is stepping down after almost two decades leading AutoNation, the largest dealership chain in the U.S.

September 19, 2018

Danish bank CEO quits amid money laundering scandal

The chief executive of Denmark's largest bank resigned Wednesday after an internal report into allegations of massive money ...

September 19, 2018

Qatar Airways announces $69 million revenue loss this year

Qatar Airways suffered a $69 million loss this fiscal year, an over $800 million swing from the year before that the ...

September 18, 2018

McDonald's workers across US protest against sex harassment

McDonald's workers staged protests in several cities Tuesday in what organizers billed as the first multistate strike seeking ...