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Economy News

September 19, 2019
Average 30-year mortgage rate rose to 3.73%
U.S. long-term mortgage rates shot up this week, yet they stayed close to the historic lows that appear to be helping the ...
September 19, 2019
Airbnb says it will go public in 2020
Home-sharing company Airbnb Inc. said Thursday it plans to go public in 2020. It's a long-awaited move for the San Francisco ...
September 19, 2019
Mortgage rates boosted US home sales 1.3% in August
U.S. home sales rose 1.3% in August to the highest level in 17 months, as mortgage rates near historic lows have spurred a ...
September 19, 2019
Walmart CEO McMillon named Business Roundtable chairman
The Business Roundtable, a group that represents the most powerful companies in America, has named Walmart President and CEO ...
September 19, 2019
Japan court: TEPCO execs not guilty in Fukushima disaster
A Japanese court ruled Thursday that three former executives of Tokyo Electric Power Company were not guilty of professional ...
September 19, 2019
Challenge to Parliament shutdown wrapping up at UK top court
Former British Prime Minister John Major accused current leader Boris Johnson of a "conspicuous" failure to explain why he ...
September 19, 2019
Bank of England holds rates as it awaits Brexit clarity
The Bank of England kept its main interest rate unchanged at 0.75% Thursday, its last scheduled interest rate decision before ...
September 19, 2019
Governor: Suicide bomb in southern Afghanistan kills 20
A powerful suicide truck bomb devastated a hospital in southern Afghanistan early Thursday morning, killing 20 people and ...
September 18, 2019
Johnson faces Brexit flak from EU lawmakers and top UK court
British Prime Minister Boris Johnson was accused by European Union officials Wednesday of failing to negotiate seriously and ...
September 18, 2019
Analyst: DC/market pressure put Fed into corner
Stocks mostly rebounded at the close of trading after the Federal Reserve delivered an expected cut in interest rates.
September 18, 2019
Fed reduces rates but may not cut again this year
A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to ...
September 18, 2019
Analysts: Weapons in Saudi attack similar to Iranian ones
A cruise missile and drone fragments that Saudi Arabia says it recovered from an attack on its oil industry bear similarities ...
September 18, 2019
Nigerian women protest over apparent serial killings
Women in southern Nigeria marched in the streets on Wednesday to protest the deaths of several women in hotel rooms by what ...
September 18, 2019
BA pilots call off planned 24-hour strike, urge 'cool heads'
British Airways pilots have called off a planned 24-hour strike in their dispute with the airline over pay. Members of the ...
September 18, 2019
The Latest: Merkel open to free trade agreement post-Brexit
The Latest on Brexit (all times local): 3:45 p.m. German Chancellor Angela Merkel says she still sees a possibility for ...
September 18, 2019
US home building climbs 12.3% in August to 12-year high
The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building. The Commerce ...
September 18, 2019
UK blocks aerospace takeover by US investor over security
The British government is halting the takeover of a U.K. aerospace company by a U.S. private equity firm to assess whether ...
September 18, 2019
Spain leader asks for bigger Socialist win to break deadlock
Spain's acting prime minister asked voters Wednesday for an even bigger victory for his Socialist party after his failure to ...
September 18, 2019
Indonesia sending back 547 containers of waste from West
Indonesia is sending 547 containers of waste back to wealthy nations after discovering they were contaminated with used ...
September 18, 2019
California store paying $1.2M to settle sex-assault claims
A Northern California store as agreed to pay $1.2 million to settle claims that a supervisor sexually assaulted employees in ...
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