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Economy News

August 24, 2019

The Latest: Koch's twin: He was my best friend, despite suit

The Latest on the death of billionaire David Koch (all times local): 5:55 p.m. Billionaire industrialist David H.

August 23, 2019

Billionaire conservative donor David Koch dies at 79

Billionaire industrialist David H. Koch, who with his older brother Charles poured a fortune into right-wing causes, ...

August 23, 2019

Walmart, Tesla pause in legal fight over fiery solar panels

Walmart said Friday that is working on a resolution with Tesla after the retailing giant sued the electric car company's ...

August 23, 2019

US new home sales slid 12.8% in July

Sales of new U.S. homes fell a steep 12.8% in July, but the drop came after revisions to June sales showed the sales highest ...

August 23, 2019

Plane evacuated after emergency landing in Hawaii

Hawaiian Airlines says seven people were taken to the hospital with smoke-related symptoms after a flight from Oakland, ...

August 23, 2019

Kudlow: no stimulus tax cuts in near future

Trump economic adviser Larry Kudlow told reporters outside the White House on Thursday the economy is in good shape and there ...

August 23, 2019

YouTube disables 200 videos attacking Hong Kong protests

YouTube says it disabled more than 200 videos this week that appeared to be part of a coordinated effort to spread ...

August 23, 2019

HP Inc.'s chief executive to step down in November

HP Inc. is losing the chief executive who has been leading the personal computer maker since it broke off as a separate ...

August 23, 2019

Gap's 2Q profits fall, reflecting chain still mired in slump

Gap Inc.'s fiscal second quarter profits fell 43%, dragged down by costs related to store closings and the restructuring of ...

August 22, 2019

Overstock CEO resigns after 'Deep State' comments roil stock

The CEO of Overstock.com has resigned, saying he'd become "far too controversial" to helm the e-commerce company known for ...

August 22, 2019

Revenues up for Dubai's global port firm DP World

Global port operator DP World is reporting stronger financials for the first half of 2019, with revenue up nearly 32% and ...

August 22, 2019

Trump flip-flops on tax cuts, saying US has 'strong economy'

A day after considering cutting taxes to promote economic growth, President Donald Trump changed course and said he would ...

August 21, 2019

$248 million settlement reached with Chinese drywall maker

A proposed $248 million settlement has been filed in a decade-old federal court case over defective Chinese drywall blamed ...

August 21, 2019

Retailers' results show sharp divide between losers, winners

The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of ...

August 21, 2019

Iceland's leader won't be around to welcome Pence

Iceland's leader has announced that she will skip U.S. Vice President Mike Pence's visit to her Nordic nation, opting instead ...

August 21, 2019

AP Top Stories 21 A

Here's the latest for Wednesday, August 21st: Trump insists US has strong gun background checks; Australian court upholds ...

August 21, 2019

US has 501,000 fewer jobs than first reported

The U.S. job market isn't quite as strong as originally believed — with revised figures showing that the economy had 501,000 ...

August 21, 2019

Shootings raise level of alarm at small businesses

At a four-hour meeting last month, Michelle Abdow's staffers got to experience some of the sights, sounds and even smells ...

August 21, 2019

US home sales rose 2.5% in July, aided by low mortgage rates

U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. The National ...

August 21, 2019

China says it will sanction US firms in Taiwan warplane sale

China said Wednesday that it will levy sanctions against U.S. companies linked to a planned $8 billion sale of advanced F-16V ...

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