Economy News

November 16, 2018

Beloved toy store FAO Schwarz makes its comeback

Three years after it closed its beloved toy store on Fifth Avenue, FAO Schwarz has returned to New York. A new FAO opened ...

November 16, 2018

Health care, energy companies power US stock market higher

Wall Street capped a day of volatile trading with a late-afternoon buying spree that sent U.S. stock indexes to a mostly ...

November 16, 2018

Texas hospital system accused of holding patients illegally

A Texas corporation that runs behavioral health hospitals is accused of illegally holding four patients, two of whom were ...

November 16, 2018

Fashion show blends Cuban private enterprise, US sponsorship

Models in Cuba strutted in paint-stained shirts and leather construction boots Thursday night in an unusual blend of local ...

November 16, 2018

The Latest: UK's May fills Brexit-related Cabinet vacancies

The Latest on the Brexit negotiations (all times local): 4:40 p.m. British Prime Minister Theresa May has filled two ...

November 16, 2018

Eurozone central banker suggests rates could stay low longer

The head of the European Central Bank indicated a first interest rate increase could be postponed if unexpected trouble ...

November 16, 2018

Hong Kong economy cools as trade tension mounts

Hong Kong's economic growth sank to a two-year low in the latest quarter and the government warned it will face headwinds ...

November 15, 2018

Fed announces wide-ranging review of its practices

The Federal Reserve announced Thursday that it plans to conduct a wide-ranging review next year of the strategies and tools ...

November 15, 2018

Walmart flexes its muscle against Amazon

Walmart may be bruised by Amazon, but it's learning how to fight back. The world's largest retailer delivered strong ...

November 15, 2018

Gobble gobble: Low turkey prices cut Thanksgiving meal cost

Low food prices have driven the cost of a Thanksgiving feast down to its lowest level since 2010. The American Farm Bureau ...

November 15, 2018

US retail sales rose a solid 0.8 percent last month

U.S. retail sales rose at a solid pace in October, though the gains were boosted by one-time factors such as hurricane ...

November 15, 2018

The Latest: UK's May vows 'to see this through' on Brexit

The Latest on Britain's departure from the European Union (all times local): 5:30 p.m. British Prime Minister Theresa May ...

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November 15, 2018

US average mortgage rates flat to higher; 30-year 4.94 pct.

U.S. long-term mortgage rates were steady to slightly up this week, at their highest levels in nearly eight years and ...

November 15, 2018

Morocco unveils Africa's first ever high speed train line

French President Emmanuel Macron and Morocco's King Mohammed VI have inaugurated Morocco's first high-speed rail line, the ...

November 15, 2018

China says talks with US on trade battle have resumed

Washington and Beijing have resumed talks over their spiraling trade dispute ahead of a meeting between Presidents Xi Jinping ...

November 15, 2018

Hearing reveals chilling details of fatal Southwest flight

There was a loud bang, and suddenly the Southwest Airlines jet rolled sharply to the left. Smoke began to fill the cabin, and ...

November 15, 2018

Feds subpoena Snap over shareholder lawsuit

Snap Inc. has received federal subpoenas related to a class-action lawsuit stemming from its 2017 initial public offering.

November 15, 2018

Buffett's firm invests in JP Morgan Chase, drops Walmart

Investor Warren Buffett's company picked up nearly 36 million shares of JP Morgan Chase stock in the third quarter and ...

November 14, 2018

May wins Cabinet backing for Brexit deal but pitfalls remain

In a hard-won victory, British Prime Minister Theresa May persuaded her fractious Cabinet to back a draft divorce agreement ...