Economy

Specialist David Haubner works on the floor of the New York Stock Exchange, Thursday, Jan. 9, 2020. Stocks are opening broadly higher on Wall Street as traders welcome news that China's top trade official will head to Washington next week to sign a preliminary trade deal with the U.S. (AP Photo/Richard Drew)
January 09, 2020 - 10:53 pm
TOKYO (AP) — 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. Japan's benchmark Nikkei 225 edged up 0.2% in morning trading to 23,776.09. Australia's S&P/ASX 200 rose 0.7% to 6,923.50. South Korea's...
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FILE - This Feb. 20, 2018, file photo shows the Grubhub app on an iPhone in Chicago. Food delivery service Grubhub is considering a possible sale of the business as competition intensifies in the sector. The Wall Street Journal reports that the company is looking at its strategic options. Grubhub competes in a sector filled with players including Uber Eats, DoorDash and Postmates. Consolidation in the industry is expected. (AP Photo/Charles Rex Arbogast, File)
January 09, 2020 - 2:09 pm
Grubhub may put itself up for sale with competition in the online delivery business growing increasingly intense. Shares jumped almost 13% after The Wall Street Journal first reported late Wednesday that the company is exploring its options. Grubhub Inc. said Thursday that it would not comment on...
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FILE - In this Nov. 29, 2019, file photo customers walk outside of a Kohl's store in Colma, Calif. Mall-based retailers J.C. Penney, Kohl's and Victoria's Secret parent reported sales declines for the holiday season, underscoring continued challenges ahead from online rivals. (AP Photo/Jeff Chiu, File)
January 09, 2020 - 1:27 pm
NEW YORK (AP) — Mall-based retailers J.C. Penney, Kohl's and Victoria's Secret parent reported sales declines for the holiday season, underscoring continued challenges ahead from online rivals and other low-price competitors. The reports, issued Thursday, come one day after Macy's reported a small...
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January 09, 2020 - 1:24 pm
WASHINGTON (AP) — A top Federal Reserve official believes that the U.S. central bank needs to re-orient its thinking and policies toward fighting inflation that is too low, rather than its historic focus on keeping inflation from getting too high. John Williams, president of the New York Federal...
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In this handout photo provided by the House of Commons, Britain's Prime Minister Boris Johnson gestures during the first Prime Minister's Questions of the year, in the House of Commons in London, Wednesday, Jan. 8, 2020. The president of the European Commission warned Britain on Wednesday that it won’t get the “highest quality access” to the European Union's market after Brexit unless it makes major concessions. (Jessica Taylor/House of Commons via AP)
January 09, 2020 - 12:33 pm
LONDON (AP) — Britain’s House of Commons has given final approval to the bill authorizing the country’s departure from the European Union, paving the way for Brexit at the end of the month. Lawmakers voted 330-231 on Thursday to pass the EU Withdrawal Agreement Bill. It will become law once it is...
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President Donald Trump arrives to address the nation from the White House on the ballistic missile strike that Iran launched against Iraqi air bases housing U.S. troops, Wednesday, Jan. 8, 2020, in Washington. (AP Photo/ Evan Vucci)
January 09, 2020 - 9:30 am
NEW YORK (AP) — The election was always going to be about Donald Trump. But over the span of a few days, the yearslong focus on the Republican president's performance on the economy, health care and immigration has been overtaken by an urgent debate over foreign policy and war. And as the sprint to...
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A currency trader gestures at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 9, 2020. Asian stock markets rebounded Thursday as anxiety over potential U.S.-Iranian conflict eased. (AP Photo/Ahn Young-joon)
January 09, 2020 - 7:54 am
BEIJING (AP) — Global stock markets and oil prices edged up Thursday as anxiety over potential U.S.-Iranian armed conflict eased. Indexes in London and Frankfurt rose after Tokyo closed more than 2% higher. Shanghai and Hong Kong also advanced, while Wall Street futures pointed to gains on the open...
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Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London, Monday, Dec. 16, 2019. (AP Photo/Kirsty Wigglesworth,pool)
January 09, 2020 - 7:08 am
LONDON (AP) — U.K. interest rates could be cut as soon as this month to shore up an economy that's barely growing even as some Brexit uncertainty has dissipated, the Bank of England's outgoing chief hinted Thursday. Mark Carney said in a speech that there is a “debate” within the bank's rate-...
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FILE - In this Sept. 16, 2018, file photo, American flags are displayed together with Chinese flags on top of a trishaw in Beijing. China's economy czar will visit Washington next week for the signing of an interim trade deal, the government said Thursday, Jan. 9, 2020. (AP Photo/Andy Wong, File)
January 09, 2020 - 3:31 am
BEIJING (AP) — China’s economy czar will visit Washington next week for the signing of an interim trade deal, the government said Thursday. Vice Premier Liu He, Beijing’s chief envoy in talks with Washington over their tariff war, had been expected to attend the signing but the Commerce Ministry’s...
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People shop for meat a supermarket in Handan in northern China's Hebei Province, Thursday, Jan. 9, 2020. Soaring pork prices that nearly doubled in December over a year ago kept inflation at a seven-year high despite government efforts to ease meat shortages caused by a disease outbreak, official data showed Thursday. (Chinatopix via AP)
January 09, 2020 - 2:28 am
BEIJING (AP) — Soaring pork prices that nearly doubled in December over a year ago kept inflation at a seven-year high despite government efforts to ease meat shortages caused by a disease outbreak, official data showed Thursday. Surging inflation adds to challenges for communist leaders who are...
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