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Economy News

August 16, 2019
Trump appoints student loan industry exec to watchdog job
The Trump administration has hired a longtime student loan industry executive to be the federal government's top watchdog for ...
August 16, 2019
US home building fell 4% in July, slowing housing market
The pace of U.S. home construction fell a sharp 4% in July despite strong demand from would-be buyers, held back by a ...
August 16, 2019
Flooding, a trade war and Deere cuts outlook again
Deere & Co. cut its profit expectations for the second time this year as beleaguered farmers and an escalating trade war with ...
August 16, 2019
Cathay Pacific CEO resigns after Beijing pressure
The CEO of Cathay Pacific Airways, one of Hong Kong's most prominent companies, resigned Friday following pressure by Beijing ...
August 16, 2019
The Latest: Protesters, police clash in Zimbabwe's capital
The Latest on Zimbabwe's anti-government demonstration (all times local): 11:05 a.m. Police are clashing with a few hundred ...
August 16, 2019
London Stock Exchange trade resumes after delay
The London Stock Exchange resumed trading Friday after a "services issue" delayed regular activity on its biggest indexes.
August 16, 2019
Worried about a recession? Protect yourself but don't panic
If the threat of a recession gives you pause when it comes to your personal finances, remember now is a time to prepare, not ...
August 16, 2019
Whistleblower accuses GE of fraud, misleading investors
A whistleblower who warned regulators about Bernard Madoff's Ponzi scheme is now accusing General Electric of misleading ...
August 15, 2019
Trump's stance on Hong Kong shows his focus on China trade
Rather than speak up strongly for the Hong Kong protesters, President Donald Trump on Thursday suggested the answer to their ...
August 15, 2019
The Latest: Trump doesn't want HK protests to be violent
The Latest on President Donald Trump's comments on the Hong Kong protests (all times local): 5:30 p.m. President Donald Trump ...
August 15, 2019
Markets Right Now: Stocks end a bumpy day mostly higher
The latest on developments in financial markets (all times local): 4 p.m. Stocks ended another roller-coaster day mostly ...
August 15, 2019
Tapestry offers downbeat outlook and its stock tumbles
Tapestry Inc.'s shares lost nearly a quarter of their value Thursday after the upscale handbag and fashion company said that ...
August 15, 2019
US long-term mortgage rates stay near historic lows
U.S. long-term mortgage rates remained near historically low levels this week against a backdrop of volatile financial ...
August 15, 2019
JCPenney halves losses, will begin selling used clothing
Shares of J.C. Penney surged after the ailing department store cut its quarterly losses in half and announced that it would ...
August 15, 2019
Russian court puts French investor under house arrests
A Moscow court has put a jailed French investor under house arrest. The Moscow City Court ruled on Thursday to place Philippe ...
August 15, 2019
Hong Kong police: not aware of any military plans by China
Three senior Hong Kong police officers said Thursday that they are not aware of any plans for Chinese forces to join efforts ...
August 15, 2019
Walmart delivers big in 2Q
Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after ...
August 15, 2019
US retail sales rise strongly in sign of consumer optimism
Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a ...
August 15, 2019
US industrial output fell 0.2% in July as factories struggle
U.S. industrial production fell 0.2% in July, as factory activity slumped in a worrisome sign for the economy. The Federal ...
August 15, 2019
Review details sex abuse claims against Boys and Girls Clubs
At least 250 people have said they were sexually abused as children by employees, volunteers and others at Boys and Girls ...
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