Economy News

October 15, 2018

Liz Weston: Should you pay off mortgage before you retire?

Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, ...

October 15, 2018

Woman who refused to let black neighbor into building fired

A white woman who refused to allow a black neighbor into their downtown St. Louis apartment building because he wouldn't show ...

October 15, 2018

Business sales have healthy gain, prices up over 11 percent

As demand for small businesses increases, so do their selling prices, a sign that owners are reaping the rewards of keeping ...

October 15, 2018

Report: Bullying, harassment rife at UK Parliament

Britain's House of Commons is a sometimes dysfunctional workplace in which bullying and sexual harassment have long been ...

October 15, 2018

US retail sales gain a weak 0.1 percent in August

U.S. consumer spending edged up a slight 0.1 percent in September, a disappointing performance in which rebounding auto sales ...

October 15, 2018

Asian stocks slip on continuing global trade worries

Asian stocks slipped Monday, as investor worries continued about global trade tensions and prospects for economic growth.

October 15, 2018

Saudis reject threats as stocks plunge after Trump comments

Saudi Arabia on Sunday threatened to retaliate for any sanctions imposed against it after President Donald Trump said the ...

October 14, 2018

German high-speed rail line to be closed for days after fire

Germany's national railway says the high-speed line between Frankfurt and Cologne, a major travel artery, is expected to ...

October 13, 2018

UN report: Banned Somali charcoal exports pass through Iran

Banned charcoal exports from Somalia are thriving, generating millions of dollars a year for al-Qaida-linked al-Shabab ...

October 13, 2018

Britain to introduce new, more secure 50-pound notes

Britain plans to keep the 50-pound ($65) note part of its currency by introducing a new more secure version of its highest ...

October 13, 2018

The Latest: IMF's Lagarde planning to attend Saudi meeting

The Latest on the annual meeting of the International Monetary Fund and World Bank in Bali, Indonesia (all times local): 3:55 ...

October 13, 2018

'I love the Saudis': Trump business ties to kingdom run deep

President Donald Trump's business ties to Saudi Arabia are under scrutiny following the disappearance of one of its critics, ...

October 12, 2018

Tech stock rally helps snap losing streak as rough week ends

Stocks rebounded Friday, clawing back some of the week's steep losses, but the turbulent trading of the last few days left ...

October 12, 2018

Global business leaders suspend ties with Saudi Arabia

Global business leaders are reassessing their ties with Saudi Arabia, stoking pressure on the Gulf kingdom to explain what ...

October 12, 2018

New technology, housekeeping among concerns in hotel strikes

Robots delivering room service, check-in kiosks with facial recognition technology and "smart" speakers that serve as an ...

October 12, 2018

Stock market experts say this is a stumble, not a plunge

Whoa, what was that? After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading.

October 12, 2018

Citigroup profit rises to $4.6 billion, beats Street views

Citigroup said Friday that its third-quarter profits rose 12 percent from a year earlier, as the banking conglomerate was ...

October 12, 2018

Optimism rises for Brexit breakthrough next week

With just days to go before a key Brexit summit next week, optimism is growing that a deal can be reached to ensure a smooth ...

October 12, 2018

Toyota recalls trucks, SUVs and cars to fix air bag problem

Toyota is recalling nearly 188,000 pickup trucks, SUVs and cars worldwide because the air bags may not inflate in a crash.