WASHINGTON (AP) — President Joe Biden’s legislative victories have aimed to position the U.S. to “win the economic competition of the 21st century,” but his investments to boost the nation’s technology, infrastructure and climate resilience over the next decade are set against a 90-odd-day clock until the midterms.
WASHINGTON (AP) — Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months.
DECATUR, Ga. (AP) — Democratic gubernatorial candidate Stacey Abrams is arguing that it's time for Georgia to use its budget surplus to invest in its residents, accusing Gov.
WASHINGTON (AP) — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession.
BEIRUT (AP) — Tarek Younes was once solidly middle class and felt he helped contribute to society as an inspector in the Lebanese government’s consumer protection agency. But the country's economic free-fall has eroded his income and civic pride.
WASHINGTON (AP) — The 12 months since the chaotic end to the U.S. war in Afghanistan haven't been easy for Joe Biden.
BOGOTA, Colombia (AP) — Colombia’s first leftist president was sworn into office Sunday, promising to fight inequality and bring peace to a country long haunted by bloody feuds between the government, drug traffickers and rebel groups.
BEIJING (AP) — Asian stocks were mixed on Monday after strong U.S. jobs data cleared the way for more interest rate hikes and China reported its exports rose by double digits.
Shanghai and Tokyo advanced while Hong Kong and Seoul retreated.
BEIJING (AP) — China’s export growth continued to rise in July, sending trade surplus to a record high, according to government data.
China’s exports grew 18% to $333 billion compared to the same period last year, and were up from 17.9% in June, according to data from China’s customs.
OMAHA, Neb. (AP) — Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well suggesting the overall economy is weathering the pressure from inflation and rising interest rates.
NEW YORK (AP) — Stock indexes closed mostly lower Friday after a roller-coaster day following a blockbuster report on the U.S. jobs market that offered both good and bad news for Wall Street.
The benchmark S&P 500 ended just 0.2% lower after recovering from an early slide as investors reacted to the report, which showed that U.S.
WASHINGTON (AP) — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections.
New York (AP) — Looking for a new job is a balancing act: Some people change roles for a shorter commute or better salary, others want health insurance or flexible schedules, and still others are looking to work in a new or different industry.
WASHINGTON (AP) — Whether the U.S. economy is heading for a recession got more difficult to answer Friday, when a report showed employers hired hundreds of thousands more workers last month than expected.
NEW YORK (AP) — July's jobs report was a stunner, in more ways than one. Despite raging inflation and anxiety about a possible recession, employers created 528,000 jobs last month, more than double market expectations.
BANGKOK (AP) — Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic.
BEIJING (AP) — Asian stock markets rose Friday ahead of an update on the health of the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation.
WASHINGTON (AP) — Democrats call it the “Inflation Reduction Act.” Republicans say it's a “tax and spending spree.” And everyone has a study they say proves it.
HONG KONG (AP) — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was nearly flat and its net income plunged 50%.
LONDON (AP) — The Bank of England announced its biggest interest rate increase in 27 years on Thursday as it forecast that the war in Ukraine would fuel further inflation and tip the U.K.
LONDON (AP) — More than 700 Amazon warehouse workers in England staged a protest Thursday in a dispute over pay, in the latest sign of workplace friction stoked by Britain's cost of living crisis and a growing discontent among employees over wage and working conditions.
NEW YORK (AP) — The employment market appears to have lost some of its sizzle, a development that could influence Federal Reserve policy and further raise concerns about an economic recession among investors.
WASHINGTON (AP) — More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S.
COLOMBO, Sri Lanka (AP) — An international human rights group says Sri Lanka's government is using emergency laws to harass and arbitrarily detain protesters who are seeking political reform and accountability amid the island country's economic crisis.
TOKYO (AP) — Asian shares mostly rose Thursday as investors welcomed encouraging economic data and quarterly earnings reports from big companies.
Benchmarks rose across the region, including Japan, China, Australia and South Korea.
BUENOS AIRES, Argentina (AP) — Argentina’s third economy minister in a month was sworn in Wednesday, and as his first order of business Sergio Massa sought to bring down sky-high expectations for his tackling of the country's economic troubles.
BIRMINGHAM, England (AP) — The Sri Lankan team has asked its athletes and officials at the Commonwealth Games to turn in their passports after three members went missing.
The OPEC oil cartel and its allies decided Wednesday to boost production in September by a much slower pace than in previous months at a time of high gasoline prices and unstable energy supplies exacerbated by Russia's war in Ukraine.
COLOMBO, Sri Lanka (AP) — Sri Lanka's new president said Wednesday that his government is preparing a national policy roadmap for the next 25 years that aims to cut public debt and turn the country into a competitive export economy as it seeks a way out of its worst economic disaster.
NEW YORK (AP) — Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018.
WASHINGTON (AP) — American employers posted fewer job openings in June as the economy contends with raging inflation and rising interest rates.
Job openings fell to a still-high 10.7 million in June from 11.3 million in May, the Labor Department said Tuesday.
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday boosted its benchmark interest rate for a fourth consecutive month to a six-year high of 1.85%.
The Reserve Bank of Australia’s decision was the cash rate’s third consecutive hike of half a percentage point.
COLOMBO, Sri Lanka (AP) — Sri Lankans who have endured months of fuel and food shortages are bracing for more pain as a newly installed government scrambles to find solutions to the Indian Ocean nation's economic emergency.
WASHINGTON (AP) — The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio.
Figures released Monday by the department show that to be a $262 billion increase compared to estimates announced in May, a sign that the federal government will need to be more reliant on debt.
WASHINGTON (AP) — Five weeks ago, senior Biden administration aides gathered for their regular Thursday morning meeting about passing a bill to revive the U.S. computer chip sector, worried that it could be in peril.
WASHINGTON (AP) — Five weeks ago, senior Biden administration aides gathered for their regular Thursday morning meeting about passing a bill to revive the U.S. computer chip sector, worried that it could be in peril.
JOHANNESBURG (AP) — South Africa President Cyril Ramaphosa says the fight against corruption and work to improve the country’s faltering economy have been endorsed by the ruling African National Congress party in order to improve its declining electoral support.
BEIJING (AP) — Chinese manufacturing’s recovery from anti-virus shutdowns faltered in July as activity sank, a survey showed Sunday, adding to pressure on the struggling economy in a politically sensitive year when President Xi Jinping is expected to try to extend his time in power.