Economy News

October 17, 2019

Slowing economy, trade wars, drag on US rail companies

The slowing economy and ongoing trade disputes are dragging railroad profits down in the second half of the year.

October 17, 2019

US single family-home construction ticks up, apartments fall

U.S. home building fell last month after reaching a 12-year high in August, driven by a sharp decline in the construction of ...

October 17, 2019

The Latest: European Parliament 'ready' to vote on deal soon

The Latest on Brexit (all times local): 5:05 p.m. European Parliament President David Sassoli says the assembly can ratify ...

October 17, 2019

Chicago teachers strike, say issue simple: 'It's the kids'

Chicago teachers went on strike Thursday, marching on picket lines after failing to reach a contract deal with the nation's ...

October 17, 2019

Solid earnings, Britain-Europe deal push US stocks higher

Stocks moved broadly higher in early trading on Wall Street Thursday after several large companies delivered surprisingly ...

October 17, 2019

Riots darken Catalan separatist dream of peaceful secession

Catalonia's separatist leader vowed Thursday to hold a new vote to secede from Spain in less than two years as the embattled ...

October 17, 2019

Apple economy latest casualty in strife-torn Kashmir

Kashmir's apple orchards, a backbone of the economy that supports nearly half the people living there, are deserted, crops ...

October 17, 2019

Workers celebrate deal with GM, show union power in industry

On the picket lines at a General Motors transmission plant in Toledo, Ohio, passing cars honked and striking workers ...

October 17, 2019

Fed survey finds US economy being hurt by trade battles

The U.S. economy expanded at a modest pace in September and into October, despite rising trade tensions and weaker global ...

October 16, 2019

Twitter: World leaders' accounts not entirely above policies

Twitter says world leaders aren't entirely above its ban on users threatening violence or promoting terrorism on the site.

October 16, 2019

Postal Service head to retire amid mounting financial woes

Postmaster General Megan Brennan, who became the first woman to hold the position, is retiring early next year after working ...

October 16, 2019

Aging, thin pipe likely cause of Philadelphia refinery fire

An aging, failed elbow pipe that hadn't been inspected in almost 45 years appears to be the initial cause of a June 21 fire ...

October 16, 2019

Shonda Rhimes, iHeartMedia strike 3-year podcast deal

Television powerhouse Shonda Rhimes is moving aggressively into the burgeoning podcast world. Rhimes' company, Shondaland, ...

October 16, 2019

The FCC approves T-Mobile-Sprint deal in party-line vote

The Federal Communications Commission has approved the $26.5 billion combination of Sprint and T-Mobile on a 3-2 party-line ...

October 16, 2019

Earthquake probed as possible cause of California fuel fire

Officials were trying to determine Wednesday if a 4.5 magnitude earthquake triggered an explosion at a fuel storage facility ...

October 16, 2019

US retail sales dip 0.3% in September

Retail sales dropped in September by the largest amount in seven months, possibly signaling that rising trade tensions and ...

October 16, 2019

Bank of America 3Q profits fall 19% due to charge

Bank of America's third quarter profits fell 19% from a year ago as the bank wrote down the value of its long-time joint ...

October 16, 2019

Global shares mixed as investors await more earnings

Global markets were mixed Wednesday as investors await another batch of earnings reports from U.S. companies and Brexit talks ...

October 16, 2019

Eurozone inflation revised down to near 3-year lows

Inflation in the 19-country eurozone was revised down in September to its lowest rate in nearly three years as energy prices ...

October 16, 2019

Asian shares rise after Wall Street gain on solid earnings

Asian shares were mostly higher Wednesday after a Wall Street rally driven by healthy earnings reports from U.S. companies.