Economy News

October 07, 2019

Malaysia fines 80 people, groups for alleged 1MDB payments

Malaysia's anti-graft agency on Monday ordered 80 people and groups to pay fines totaling about $100 million for allegedly ...

October 07, 2019

The Latest: Center-left Socialists win Portugal election

The latest on Portugal's election (all times local): 11:55 p.m. Portugal's center-left Socialist Party has collected the most ...

October 06, 2019

AP Top Stories October 6 P

Here are the top stories for Sunday, October 6th: Second whistleblower comes forward in Trump investigation; Police search ...

October 06, 2019

Socialists tipped to stay in power as Portugal votes

Portugal held a general election Sunday, with the center-left Socialist Party widely expected to collect most votes and stay ...

October 05, 2019

Haiti braces for more upheaval after big protest

Haitians braced for more upheaval on Saturday as opposition leaders, emboldened by a massive protest demanding the ...

October 05, 2019

Purdue opioid deal blasted as records show $13B to Sacklers

Attorneys general representing nearly half the states and lawyers for more than 500 local governments on Friday blasted the ...

October 05, 2019

UAW-GM talks progress but wage, job security issues remain

A top union negotiator says bargainers are making progress on a contract that could end a 19-day strike against General ...

October 04, 2019

Fed chairman says goal is to keep economy in 'good place'

Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it ...

October 04, 2019

US unemployment rate hits a 50-year low even as hiring slows

The U.S. unemployment rate fell to 3.5% in September, the lowest level in nearly five decades, even though employers appeared ...

October 04, 2019

The Latest: Irish PM thinks EU would consider Brexit delay

The Latest on Brexit (all times local): 2:25 p.m. Irish Prime Minister Leo Varadkar says he thinks European Union members ...

October 04, 2019

US trade deficit widened in August to $54.9 billion

The U.S. trade deficit widened in August for the first time in three months as exports increased but imports increased more.

October 04, 2019

The Latest: US jobless rate fell to 50-year low of 3.5%

The Latest on the September U.S. jobs report (all times local): 8:30 a.m. The U.S. unemployment rate fell in September to a ...

October 04, 2019

Labor group: Venezuela gov’t must stop violence against foes

A panel of experts at the U.N. labor agency is calling on Venezuelan authorities to halt violence, threats and other forms ...

October 04, 2019

German machinery orders plummet, adding to recession fears

An industry association says orders for German machinery, an important export, plummeted in August, adding to signs of a ...

October 04, 2019

Samsung ends smartphone phone production in China

Samsung Electronics said Friday it has ended the production of smartphones in its last factory in China. Production at the ...

October 04, 2019

US gives limited approval to Hawaiian-Japan Airlines venture

The Trump administration rejected a bid by Hawaiian Airlines and Japan Airlines for antitrust immunity to let them expand a ...

October 04, 2019

MGM Resorts commits up to $800M to victims of Vegas shooting

Two years after a shooter rained gunfire on country music fans from a high-rise Las Vegas Strip hotel, MGM Resorts ...

October 04, 2019

Sports Illustrated, under new management, cuts staff jobs

Sports Illustrated’s new manager said Thursday that the 65-year-old sports magazine is cutting more than 40 jobs out of a ...

October 03, 2019

Bullock calls to limit fundraising of lawmakers, president

Montana Gov. Steve Bullock is pushing back against fundraising laws that have allowed federal officeholders seeking the ...

October 03, 2019

US long-term mortgage rates steady; 30-year at 3.65%

U.S. long-term mortgage rates held steady this week, offering a potential boon to homebuyers amid an uncertain economic ...