Economy

January 16, 2020 - 9:09 pm
BEIJING (AP) — China’s economic growth sank to a new multi-decade low of 6.1% in 2019 as consumer demand weakened and Beijing fought a trade war with Washington. Government data Friday showed growth was down from 2018’s 6.6%, already the lowest since 1990. Economic growth in the three months ending...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System at the Marriner S. Eccles Federal Reserve Board Building in Washington. On Thursday, Jan. 16, 2020, President Donald Trump announced he has nominated Judy Shelton and Christopher Waller to serve on the Federal Reserve's influential Board of Governors. Shelton is an economic adviser to Trump's campaign who recently served as the U.S. executive director for the European Bank of Reconstruction and Development. Waller is the director of research at the Federal Reserve Bank of St. Louis. (AP Photo/Andrew Harnik, File)
January 16, 2020 - 8:38 pm
WASHINGTON (AP) — President Donald Trump said Thursday that he intends to nominate two people to serve on the Federal Reserve's Board of Governors, an institution he has repeatedly attacked for not cutting rates deeply enough. Both were first named by Trump on Twitter in July but their nominations...
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FILE - In this Nov. 15, 2019, file photo a microphone stands at the entrance to a secure area during a closed-door interview with David Holmes, a career diplomat and the political counselor at the U.S. Embassy in Kyiv, Ukraine, on Capitol Hill in Washington. The Labor Department will begin restricting news organizations' use of economic data by barring computers from the rooms where reporters receive such data before its public release, department officials announced Thursday, Jan. 16, 2020. (AP Photo/Jose Luis Magana, File)
January 16, 2020 - 4:27 pm
WASHINGTON (AP) — The Labor Department will begin restricting news organizations' use of economic data by barring computers from the rooms where reporters receive such data before its public release, department officials announced Thursday. The early access to embargoed data allows news services to...
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Deputy Prime Minister of Canada Chrystia Freeland, left, Mexico's top trade negotiator Jesus Seade, center, and U.S. Trade Representative Robert Lighthizer, sign an update to the North American Free Trade Agreement, at the national palace in Mexico City, Tuesday, Dec. 10. 2019. Observing from behind are Mexico's Treasury Secretary Arturo Herrera, left, Mexico's President Andres Manuel Lopez Obrador, second left, Mexico's Labor Secretary Maria Alcade, third left, and The President of the Mexican Senate Ricardo Monreal. (AP Photo/Marco Ugarte)
January 16, 2020 - 1:23 pm
WASHINGTON (AP) — The Senate overwhelmingly approved a new North American trade agreement Thursday that rewrites the rules of trade with Canada and Mexico and gives President Donald Trump a major policy win before senators turn their full attention to his impeachment trial. The vote was 89-10. The...
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In this Jan. 9, 2020, photo a "Coming Soon" sign hangs from a real estate sign outside a home in Derry, N.H. On Thursday, Jan. 16, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Charles Krupa)
January 16, 2020 - 12:47 pm
WASHINGTON (AP) — U.S. long-term mortgage rates rose slightly last week after financial markets that had been roiled by the U.S.-Iran conflict stabilized. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage ticked up to 3.65% from 3.64% last week. The...
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January 16, 2020 - 12:02 pm
GUATEMALA CITY (AP) — A former economy minister was declared a fugitive from justice Thursday, a day after he appeared in court to face corruption allegations. Chief anti-impunity prosecutor Juan Francisco Sandoval said Acisclo Valladares Urruela was not at his residence when authorities went there...
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In this Jan. 9, 2020, photo pick-up trucks are lined up for sale on the sales lot at Betley Chevrolet dealership in Derry, N.H. On Thursday, Jan. 16, the Commerce Department releases U.S. retail sales data for December. (AP Photo/Charles Krupa)
January 16, 2020 - 9:07 am
WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, evidence that Americans were willing to spend during the winter holidays after a sluggish November. The Commerce Department said Thursday that retail sales increased 0.3% in December from the previous month. Excluding sales at car...
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President of European Central Bank Christine Lagarde listens during a press conference after a meeting of the governing council in Frankfurt, Germany, Thursday, Dec. 12, 2019. (AP Photo/Michael Probst)
January 16, 2020 - 9:04 am
FRANKFURT, Germany (AP) — Top officials at the European Central Bank say economic growth remains weak though they see a few upbeat signs after the U.S. and China moved toward lowering trade tensions. Recent data point to “a stabilization in euro area growth,” according to an account of the Dec. 12...
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Investors monitor stock prices near Chinese New Year decorations hung up at a brokerage in Beijing Thursday, Jan. 16, 2020. Share prices are mixed in moderate trading in Asia after the U.S. and China signed a preliminary trade agreement that investors hope will bring better relations between the two biggest economies. (AP Photo/Ng Han Guan)
January 16, 2020 - 7:44 am
BANGKOK (AP) — Global markets were subdued Thursday after the signing of a preliminary China-U.S. trade agreement that investors hope will bring better relations between the world's two biggest economies. After Asian markets largely closed higher, Germany's DAX was down 0.1% to 13,418. The CAC 40...
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Investors monitor stock prices at a brokerage in Beijing Thursday, Jan. 16, 2020. Share prices are mixed in moderate trading in Asia after the U.S. and China signed a preliminary trade agreement that investors hope will bring better relations between the two biggest economies. (AP Photo/Ng Han Guan)
January 16, 2020 - 7:03 am
BEIJING (AP) — China’s government welcomed an interim trade deal with Washington and said Thursday the two sides need to address each other’s “core concerns.” The “Phase 1” agreement shows Beijing and Washington “can find appropriate and effective solutions to relevant issues through dialogue,”...
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