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Economy News

April 26, 2019
China's Xi promotes building initiative amid debt worries
President Xi Jinping has promised to set high standards for China's Belt and Road infrastructure-building initiative, seeking ...
April 26, 2019
Amazon to bring 1-day delivery to Prime members
Two-day delivery is going out of style. Amazon, which hooked shoppers on getting just about anything delivered in two days, ...
April 26, 2019
The Latest: Amazon Prime to be 1-day shipping instead of 2
The Latest on Amazon's first quarter earnings (all times local): ____ 6:00 p.m. Amazon says its free shipping for Prime ...
April 26, 2019
Amazon's profit more than doubles on cloud computing growth
Amazon's push into advertising and cloud computing is paying off, helping the online shopping giant's first quarter profit ...
Kevin Johnson
April 26, 2019
Starbucks raises 2019 profit outlook after earnings beat
Starbucks Corp. is raising its profit outlook for 2019 after better-than-expected results in its most recent quarter.
April 26, 2019
Google updates misconduct reporting amid employee discontent
Google said Thursday it has updated the way it investigates misconduct claims — changes the company pledged to make after ...
April 26, 2019
Los Angeles County sues utility over fall wildfire damage
Los Angeles County sued Southern California Edison and parent company Edison International on Thursday to recover more than ...
April 25, 2019
MGM Resorts announces 254 layoffs, says more job cuts coming
Las Vegas-based casino company MGM Resorts International has announced a first phase of layoffs in a cost-cutting operational ...
April 25, 2019
Southwest CEO 'not happy' about Max crisis but backs Boeing
Southwest Airlines executives acknowledge they are upset with Boeing over the grounding of its 737 Max jetliner, a move that ...
April 25, 2019
Ford posts better than expected results in 1Q
Ford earnings fell in the first quarter, but the automaker's shares rallied in extended trading as Ford said a restructuring ...
Michael Urkonis, Gregory Rowe
April 25, 2019
US stocks end mostly lower, weighed down by industrials
U.S. stock indexes finished mostly lower Thursday as disappointing earnings reports from several industrial sector companies ...
April 25, 2019
3M shares sink on earnings, outlook and job cuts
Shares in 3M posted their biggest one-day drop in decades after the company reported first quarter results that fell short ...
April 25, 2019
Death toll lowered to 253, Sri Lanka braces for more attacks
Sri Lanka on Thursday lowered the death toll from the Easter suicide bombings by nearly one-third, to 253, as authorities ...
April 25, 2019
UPS falls short of forecasts on bad weather, costs
United Parcel Service Inc. reported Thursday that first-quarter profit fell 17% as revenue was flat from a year ago and the ...
April 25, 2019
Algeria takes action against corruption, questions tycoons
Algerian authorities are embarking on a "Clean Hands" campaign aimed at rooting out corruption that has been linked to top ...
April 25, 2019
US long-term mortgage rates up for 4th week; 30-year 4.20%
U.S. long-term mortgage rates rose this week for the fourth straight week, though they remain historically low as a spur to ...
April 25, 2019
Comcast sheds cable customers but adds internet subscribers
Comcast kept shedding cable customers and adding home internet customers in its most recent quarter. Traditional TV providers ...
April 25, 2019
Make a home down payment without wrecking your finances
Maximizing a home down payment can make sense: The bigger the down payment, the lower the monthly mortgage bill and the ...
April 25, 2019
US durable goods orders up solid 2.7% in March
Orders to U.S. factories for big-ticket manufactured goods rose 2.7% in March with a key category that tracks business ...
April 25, 2019
Japan's PM asks for support in abduction dispute with NKorea
Japanese Prime Minister Shinzo Abe says he has asked the leaders of four Central European countries for help in a long ...
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