Economy News

September 20, 2019

House intel chief says Facebook working on election threats

The head of the House Intelligence Committee said Friday he has been assured by the CEO of Facebook that the company is ...

September 20, 2019

Auto union strike is latest worry in Flint, GM's birthplace

The birthplace of General Motors has been on an economic roller-coaster ride for more than a century as the automaker rose, ...

September 20, 2019

2 Federal Reserve officials highlight deep divisions

Two Federal Reserve officials who dissented from this week's quarter-point rate cut on Friday highlighted the current deep ...

September 20, 2019

Tour operator Thomas Cook in race to avoid collapse

Thomas Cook, one of the world's oldest and largest travel companies, is facing a race against time to stay afloat and ensure ...

September 20, 2019

The Latest: EU, UK agree to continue Brexit talks

The Latest on Britain's departure from the European Union (all times local): 2:45 p.m. The European Union says British and ...

September 20, 2019

China: FedEx pilot suspected of 'smuggling weapons'

A FedEx pilot who was detained in southern China is under investigation on suspicion of "smuggling weapons and ammunition" ...

September 20, 2019

Injured crewman sues boat owner for fiery disaster at sea

A crewman injured while escaping the fire that killed 34 people aboard a dive boat off Southern California sued the vessel's ...

September 20, 2019

AP Source: GM's offer to UAW would add lower-paying jobs

A General Motors offer to invest $7 billion in U.S. facilities includes $2 billion from joint ventures and suppliers for new ...

September 20, 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 19, 2019

A FedEx pilot is detained before boarding a flight in China

FedEx says one of its pilots was detained in China after an item was found in his luggage before he boarded a commercial ...

September 19, 2019

Airbnb says it will go public in 2020

Airbnb Inc. said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved ...

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

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

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

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 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 ...