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Economy News

October 21, 2021

Trump plan for new media venture gets investors' thumbs up

Some investors aren’t waiting to see if former President Donald Trump’s plans for a media company to challenge the likes of ...

October 21, 2021

Fed imposes sweeping new limits on policymakers' investments

The Federal Reserve is imposing a broad new set of restrictions on the investments its officials can own, a response to ...

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October 21, 2021

Turkey, Jordan, Mali added to global financial watch list

An international organization that monitors and sets guidelines to protect against money laundering and terrorism financing ...

October 21, 2021

Existing home sales surge as interest rates point higher

Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January as mortgage rates ...

October 21, 2021

Facebook says it will pay French publishers for news content

Facebook said Thursday that it has struck a deal with a group of French publishers to pay for links to their news stories ...

October 21, 2021

Trump announces launch of media company, social media site

Nine months after being expelled from social media for his role in inciting the Jan. 6 Capitol insurrection, former President ...

October 21, 2021

Struggling Chinese developer calls off $2.6B asset sale

A major Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt rattled financial ...

October 21, 2021

Tesla hits record profit despite parts shortage, ship delays

Record electric vehicle sales last summer amid a shortage of computer chips and other materials propelled Tesla Inc. to the ...

October 21, 2021

Home in Scranton, Biden plugs $2T plan to revive US

President Joe Biden returned to his birthplace of Scranton, Pennsylvania Wednesday to push his $2 trillion domestic spending ...

October 21, 2021

CSX 3Q railroad profit jumps 32% as volume grows 3%

CSX delivered a 32% jump in third-quarter profit as the volume of goods it hauled increased even beyond last fall’s strong ...

October 20, 2021

Fed survey finds economy facing supply chain, other drags

The Federal Reserve reports that the economy faced a number of headwinds at the start of this month, ranging from ...

October 20, 2021

Asian stocks mixed after Wall Street rises for 5th day

Asian stocks rose Wednesday after Wall Street advanced for a fifth day on strong corporate earnings. Shanghai, Tokyo, Hong ...

October 20, 2021

Hezbollah brag of 100,000-strong force aimed at foes at home

A boast by the leader of Hezbollah that he commands 100,000 fighters came as a surprise to many Lebanese, not least because ...

October 20, 2021

US: Couple accused in submarine espionage case indicted

A Maryland couple arrested earlier this month on charges of trying to sell information about nuclear-powered warships to a ...

October 20, 2021

Canadian National CEO retiring in face of investor pressure

Canadian National's CEO is retiring instead of staying to fight against an investor who has been pushing for his ouster.

October 19, 2021

US home construction declines 1.6% in September

U.S. home construction fell 1.6% in September as builders continue to be tripped up by supply chain bottlenecks. The Commerce ...

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October 19, 2021

Spain makes it easier for young migrants to legalize status

Spain is smoothing the path for unaccompanied young migrants to obtain residence and work permits, with around 15,000 ...

October 19, 2021

UN: 10,000 children killed or maimed during Yemen's long war

More than 10,000 children in Yemen have been killed or injured in violence linked to years of war in the impoverished ...

October 19, 2021

Asian stocks higher as investors watch corporate earnings

European stocks opened lower while Asian markets advanced Tuesday as investors waited for U.S. corporate results to see how ...

October 19, 2021

DC suspends most of its Metro trains over safety issue

Washington's regional Metro system abruptly pulled more than half its fleet of trains from service early Monday morning over ...

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