Economy

Treasury Secretary Steven Mnuchin, right, and Secretary of State Mike Pompeo, left, participate in a briefing at the White House in Washington, Friday, Jan. 10, 2020. (AP Photo/Susan Walsh)
January 11, 2020 - 12:49 am
WASHINGTON (AP) — Confronted by persistent questions about his military action in the Middle East, President Donald Trump and his top officials offered a string of fresh explanations Friday, with Trump now contending Iranian militants had planned major attacks on four U.S. embassies. Just hours...
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California Gov. Gavin Newsom gestures toward a chart showing the growth of the state's rainy day fund as he discusses his proposed 2020-2021 state budget during a news conference in Sacramento, Calif., Friday, Jan. 10, 2020.. (AP Photo/Rich Pedroncelli)
January 10, 2020 - 8:53 pm
SACRAMENTO, Calif. (AP) — California's governor revealed a spending plan on Friday that puts a new tax on vaping, gives $20,000 to teachers who commit to working in high-needs schools and gives taxpayer-funded health benefits to older adults living in the country illegally. Gov. Gavin Newsom's $222...
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FILE - In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair in Miami. On Friday, Jan. 10, 2020, the U.S. government issues the December jobs report. (AP Photo/Lynne Sladky, File)
January 10, 2020 - 6:20 pm
WASHINGTON (AP) — U.S. employers added 145,000 jobs in December and the unemployment rate held steady at 3.5%, signaling that the job market remains strong at the start of 2020 even if hiring and wage gains have slowed somewhat more than a decade into an economic expansion. Friday’s snapshot from...
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FILE - In this Oct. 3, 2019, file photo completed Boeing 737 MAX fuselages, made at Spirit Aerosystems in Wichita, Kan., sit covered in tarps near the factory. On Friday, Jan. 10, 2020, aircraft parts maker Spirit AeroSystems announced it is laying off 2,800 employees at its Wichita facility due to the grounding of the Boeing 737 Max. (Travis Heying/The Wichita Eagle via AP, File)
January 10, 2020 - 4:47 pm
WICHITA, Kan. (AP) — Problems for Boeing and its troubled 737 Max aircraft, which appear to be growing deeper, have begun to ripple outward, with a major supplier announcing Friday that it will lay off more than 20% of its workforce in Kansas, where it is based. The announcement of 2,800 layoffs at...
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FILE - In this Jan. 3, 2020, file photo the New York Stock Exchange is framed by the columns at Federal Hall National Memorial in New York. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 10. (AP Photo/Mary Altaffer, File)
January 10, 2020 - 4:08 pm
NEW YORK (AP) — Stocks are closing broadly lower on Wall Street after giving up early gains. The government's latest report on the jobs market showed a slowdown in hiring last month, but the number was solid enough to cement Wall Street's view that the job market is holding up. The report also...
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FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. In her first year as Federal Reserve chair, Yellen presided over a policy panel divided over the issue of how much longer the central bank could afford to keep its benchmark interest rate at a record low, and how to prepare financial markets for the start of rate hikes. (AP Photo/Andrew Harnik, File)
January 10, 2020 - 4:06 pm
WASHINGTON (AP) — In her first year as Federal Reserve chair, Janet Yellen presided over a policy panel divided over the issue of how much longer the central bank could afford to keep its benchmark interest rate at a record low, and how to prepare financial markets for the start of rate hikes...
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A Chinese investor reads a newspaper as she monitors stock prices at a brokerage house in Beijing, Friday, Jan. 10, 2020. Asian shares rose Friday as worries receded the United States and Iran might be stepping closer to the edge of war, and U.S. indexes hit records. (AP Photo/Mark Schiefelbein)
January 10, 2020 - 7:54 am
TOKYO (AP) — Global stock markets mostly rose Friday as worries receded that the United States and Iran might be stepping closer to the edge of war. Traders were instead looking ahead to U.S. jobs figures for clues on the health of the world's biggest economy. France's CAC 40 edged up almost 0.1%...
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January 10, 2020 - 7:31 am
MADRID (AP) — Arancha González Laya, a lawyer with a track record in international relations, economics and trade, will be Spain's new foreign minister, the country's new coalition government said Friday. González Laya, currently a U.N. Assistant Secretary General and Executive Director of the...
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Pedestrians walk past banners of Iranian Revolutionary Guard Gen. Qassem Soleimani, who was killed in Iraq in a U.S. drone attack on Friday, in Tajrish square in northern Tehran, Iran, Thursday, Jan. 9, 2020. Many Iranians say they are relieved that neither their country nor the United States appear primed right now for a more direct military confrontation that could lead to war. (AP Photo/Vahid Salemi)
January 10, 2020 - 4:27 am
TEHRAN, Iran (AP) — Iranian newspapers proclaimed the country's attack on U.S. forces in Iraq to be "a dark night for Americans," and Washington's "first admission of failure in history." On the bustling streets of Tehran, however, there was relief Thursday that neither side appeared primed for war...
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FILE - In this Sept. 18, 2019, file photo people stand in line to inquire about jobs available at the Bean Automotive Group during a job fair in Miami. On Friday, Jan. 10, 2020, the U.S. government issues the December jobs report. (AP Photo/Lynne Sladky, File)
January 10, 2020 - 2:38 am
WASHINGTON (AP) — The U.S. job market appears to be entering 2020 on a solid footing. Economists expect that Friday's jobs report will show job gains of 160,000 in December, with the unemployment rate holding steady at 3.5%, according to the data provider FactSet. But key in the report will be...
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