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Economy News

China says it welcomes visit by US officials amid trade spat

China's foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing ...

Global stocks slip following sell-off on Wall Street

Global shares fell back on Wednesday, mirroring a sell-off on Wall Street triggered by worries over slowing growth and ...

Mick Mulvaney

Consumer watchdog becomes alphabet soup of controversy

The Consumer Financial Protection Bureau is dead. Long live the Bureau of Consumer Financial Protection. That's the message ...

Diet Coke grows for first time in 8 years after makeover

Diet Coke's makeover, which put the sugar-free drink in skinny colorful cans, helped the low-calorie brand sell more soda in ...

US consumer confidence rebounds in April

American consumers were feeling more confident in April, rebounding to a level close to the 18-year high it had reached two ...

Caterpillar

Caterpillar 1Q profit surges on equipment sales

A boost in equipment sales propelled Caterpillar's first-quarter profit, as a strong global economy helped support ...

US sales of new homes shot up 4 percent in March

Sales of new U.S. homes jumped 4 percent in March, propelled by a surge of buying in the West. The Commerce Department said ...

Jacinda Ardern, Clarke Gayford

New Zealand leader triumphs abroad, faces pressures at home

As citizens of a small and isolated nation, New Zealanders often seek validation from abroad. By that measure, Prime Minister ...

Chipmaker SK Hynix reports 64 percent jump in 1Q earnings

SK Hynix Inc. said Tuesday its first-quarter net profit has surged 64 percent over a year earlier thanks to robust memory ...

Elaine Wynn

Elaine Wynn asks shareholders to oust board member

The ex-wife of Steve Wynn, who is also the biggest shareholder and co-founder of Wynn Resorts, is seeking the removal of one ...

Sears' biggest shareholder offers to buy Kenmore brand

Sears' biggest shareholder has suggested the company sell its well-known Kenmore brand and some real estate holdings, ...

With lights from Toys R Us dimmed, sales plunge at Hasbro

With its sales falling due to the liquidation of Toys R Us, Hasbro is looking for new places to sell Monopoly, My Little Pony ...

Attacks on South Sudan health facilities, workers increasing

Everyone and everything is a target in South Sudan's civil war, as attacks against health facilities and aid workers ...

Home in Denver

US existing home sales rose 1.1 percent in March

U.S. sales of existing homes increased 1.1 percent on a monthly basis in March, which suggests that buyers are undeterred by ...

Financial expert taking Facebook to UK court over fake ads

A personal finance expert launched a lawsuit against Facebook in Britain on Monday, claiming the social media company is ...

HRW: 'Men only' job ads show ongoing discrimination in China

One job ad for Chinese high-speed train conductors called for candidates who were "fashionable and beautiful." Another ad ...

Qatar denies UAE, Bahrain allegation over military jets

Qatar is denying an allegation by the United Arab Emirates and Bahrain that it sent military fighter jets dangerously close ...

Survey: Economists' outlook is sunny but not due to tax cuts

America's business economists are sketching a bright picture for the coming months, with a survey finding that more of their ...

CHINA CAT AND DOG WAR

At war with Alibaba: Top brands fight China e-commerce giant

It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online ...

Scott Pruitt

Lobbyist tied to condo met with EPA chief, despite denials

Environmental Protection Agency chief Scott Pruitt met in his office last year with a veteran Washington lobbyist tied to the ...

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