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Washington's struggling economy takes another economic hit from the government shutdown
WASHINGTON (AP) — With the combination of the , the mass firings of government workers and a , the Capital Area Food Bank in Washington is bracing for the swell of people who will need its help before the holiday season.
Average US long-term mortgage rate falls to 6.23%, ending a three-week climb
The average rate on a 30-year U.S. mortgage ended a three-week streak of increases, reflecting a pullback in long-term U.S. Treasury bond yields.
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US retail sales rose slightly in September, adding to months of big gains
WASHINGTON (AP) — Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer.
Takeoff of China's flying taxis hits turbulence
HONG KONG (AP) — An unmanned, oval-shaped craft from flying taxi maker hovers, whirring noisily like a mini-helicopter over a riverside innovation zone on the outskirts of the southern business hub of Guangzhou, part of a trial of a mini-flying taxi that once might have been found only in sci-fi films.
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Sharp disagreements over economy threaten Federal Reserve interest rate cut
WASHINGTON (AP) — What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy's health and whether stubborn inflation or weak hiring represent a bigger threat.
US has warned others to avoid loans from Chinese state banks. But it's the biggest recipient of all
WASHINGTON (AP) — For years, Washington has been warning others not to trust loans from Chinese state banks fueling its rise as a superpower. But a new report reveals an ironic twist: The United States is the biggest recipient of all — by far. And the security and technology implications have yet to be fully understood.
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German government to subsidize industry's energy prices in bid to revitalize economy
BERLIN (AP) — Germany's governing coalition agreed to subsidize energy prices for heavy industry over the next three years as it tries to breathe new life into a stubbornly that is weighing on Europe's performance.
UK growth slows down to a crawl in Q3 ahead of crucial budget
LONDON (AP) — Economic growth in the U.K. slowed down to a near standstill in the third quarter of the year, official figures showed Thursday, in what is a blow to the British government less than two weeks ahead of a crucial budget that is expected to see taxes rise again.
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Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries
WASHINGTON (AP) — President Donald Trump is adjusting his messaging strategy to win over voters who are with plans to emphasize and show progress on fighting .
Britain's Treasury chief prepares the ground for a tax-hiking budget
LONDON (AP) — U.K. on Tuesday signaled she will raise taxes in her budget this month, arguing that the economy is sicker than the government knew when it took office last year.
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Europe's economy shows modest growth of 0.2%, held back by laggard Germany
FRANKFURT, Germany (AP) — Europe’s economy grew by a modest 0.2% in the third quarter, official figures showed Thursday. Growth in the 20 countries that use the euro was held by back and anemic performances by Germany and Italy, both of which barely avoided a technical recession.
The Latest: Trump meets with newly elected Japanese Prime Minister Sanae Takaichi in Tokyo
U.S. is meeting with Japan's newly elected, ultraconservative in Tokyo during one of the .
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China's economy slows to 4.8% annual growth in July-September, hit by tariffs and slack demand
HONG KONG (AP) — China's economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand.
China's ruling Communist Party meets to map out plans for the next 5 years
HONG KONG (AP) — One of China’s most important meetings begins Monday, as leader Xi Jinping and other ruling Communist Party elites gather in Beijing to map out the goals for the next five years.
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Asian shares swing higher after a wobbly day on Wall Street
BANGKOK (AP) — Shares swung higher in Asia on Wednesday as hopes for a U.S. interest rate cut helped to offset worries over simmering trade tensions between Washington and Beijing.
Wall Street sees major jump in profits, helped by soaring stock prices and deal making
NEW YORK (AP) — Wall Street had one of its most profitable quarters ever, if the earnings from four of nation’s biggest banks that reported Tuesday are to be believed; as banks were helped by a flurry of deal making, soaring stock prices and a that remains resilient despite tariffs and geopolitical upheaval.
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IMF chief warns of economic uncertainty and offers this advice: 'Buckle up'
WASHINGTON (AP) — The global economy is holding up better than expected such as , but the head of the says that resilience may not last.
Canada's last hockey stick factory survives in face of tariff threats and globalization
BRANTFORD, Ontario (AP) — Wearing protective gloves and earplugs, a worker feeds lengths of wood into a machine that makes an earsplitting whine as it automatically cuts a groove into the end of each piece.
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Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one
WASHINGTON (AP) — Shutdowns of the federal government usually don't leave much economic damage. But the one that started Wednesday looks riskier, not least because President Donald Trump is threatening to use the standoff to permanently eliminate thousands of government jobs and the state of the economy is already precarious.
Asian shares are mixed as markets shrug off a likely US government shutdown
Shares were mixed in Asia on Wednesday, with Chinese markets closed for a weeklong holiday, as a loomed.
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Bipartisan group of top officials urges Court to reject Trump's effort to fire Fed governor
WASHINGTON (AP) — A bipartisan group of former Federal Reserve chairs, Treasury secretaries, and top White House economists urged the Supreme Court Thursday to reject an attempt by President Donald Trump to governor .
He's the budget scorekeeper for Congress. Lately, it's been a tough job
WASHINGTON (AP) — Even for an agency accustomed to criticism, this summer’s debate over Republicans' big bill of tax breaks and spending cuts was a harsh one for .
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Nvidia's robot breakthrough, unveiled by CEO Jensen Huang at CES, could spark a $24T revolution. He said the "ChatGPT moment" for robotics is near. I believe the lives of 65M Americans could be impacted - this year. And one $7 stock could be the biggest winner.
Federal Reserve wrestles with how many interest rate cuts to make and how fast
WASHINGTON (AP) — With the Federal Reserve widely expected Wednesday to reduce its by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months?
Russia cuts interest rate to 17% as wartime economy slows while deficit grows
Russia's central bank cut its benchmark interest rate Friday by one percentage point to 17%, a step that could support the economy as growth slows and spending on the increases the budget deficit.
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Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.
Asian shares rise after Japan's prime minister resigns
TOKYO (AP) — Asian shares mostly rose with Japan's benchmark jumping higher in Monday morning trading, despite the looming political uncertainty after Prime Minister Shigeru Ishiba announced last night he was stepping down as prime minister and head of his party.
Trump's job market promises fall flat as hiring collapses and inflation ticks up
WASHINGTON (AP) — The U.S. job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House, as hiring has collapsed and inflation has started to climb once again as his tariffs take hold.
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