Economy News

September 22, 2017

China criticizes S&P credit rating cut as 'wrong decision'

China's Finance Ministry on Friday criticized the cut in the Standard & Poor's rating agency's credit rating on Chinese ...

September 22, 2017

SEC under fire for being hacked despite warnings on security

The Securities and Exchange Commission waited until Wednesday to disclose a hack of its corporate filing system that occurred ...

September 21, 2017

Original Trix, made with artificial colors, is coming back

Trix is back to its old tricks: The colorful cereal will once again be made with artificial dyes and flavors, nearly two ...

September 21, 2017

Federal employees ordered to attend anti-leaking classes

Employees at the Environmental Protection Agency are attending mandatory training sessions this week to reinforce their ...

September 21, 2017

Surging stock market powers US wealth to $96.2 trillion

A healthy gain in the stock market and steadily increasing home prices boosted Americans' household wealth this spring, a ...

September 21, 2017

Bangladesh truck carrying Rohingya Muslim aid crashes; 9 die

A truck filled with aid for Rohingya Muslim refugees in Bangladesh veered off a road and fell into a ditch Thursday morning, ...

September 21, 2017

Toys R Us revs up for holiday hiring

Toys R Us may have filed for Chapter 11 reorganization, but the toy chain is revving up its holiday hiring. The Wayne, New ...

September 21, 2017

SEC reveals 2016 hack that breached its filing system

The Securities and Exchange Commission said Wednesday that a cyber breach of a filing system it uses may have provided the ...

September 21, 2017

Watchdog: Airfares for many travelers rise due to bag fees

Travelers who check at least one bag when flying domestically are paying more overall than they did before airlines began ...

September 20, 2017

Facebook tightens ad policies after 'Jew-hater' fiasco

Facebook is apologizing for letting advertisers use phrases like "Jew-haters" as a targeting criteria and for not noticing ...

September 20, 2017

AP Top Stories 20 P

Here are the latest stories for Wednesday, Sept. 20th: Maria weakens slightly, moves off Puerto Rico's coast; Rescuers search ...

September 20, 2017

Fed announces a start to modestly reducing its bond holdings

The Federal Reserve will begin shrinking the enormous portfolio of bonds that it amassed after the 2008 financial crisis to ...

September 20, 2017

Trump Meets With UK's May on Trade, Security

President Donald Trump met Wednesday with British Prime Minister Theresa May Wednesday on the sidelines of the UN General ...

September 20, 2017

US home sales off 1.7 pct., hurt by Harvey and low supply

U.S. home sales fell 1.7 percent in August, pulled down by the effects of Hurricane Harvey and a worsening shortage of ...

September 20, 2017

Toshiba board decides on chip sale to Bain Capital group

Toshiba's board signed off Wednesday on selling its computer chip business to a group led by Bain Capital Private Equity, but ...

September 20, 2017

China announces trade secrets crackdown to assure investors

China has announced a crackdown on violations of patents and trade secrets in an effort to mollify foreign companies ahead ...

September 20, 2017

EPA nominee once helped chemical industry, lobbyists

President Donald Trump's nominee to oversee chemical safety at the Environmental Protection Agency has for years accepted ...

September 20, 2017

As Syrian war winds down, Israel sets sights on Hezbollah

With President Bashar Assad seemingly poised to survive the Syrian civil war, Israeli leaders are growing nervous about the ...

September 20, 2017

FedEx profit falls 17 percent, hurt by TNT cyberattack

FedEx said Tuesday that its first-quarter profit fell 17 percent, hurt by a June cyberattack at its TNT Express business that ...