Economy

Economy news. Economy refers to the system of production, distribution, and consumption of goods and services within a society. It encompasses everything from individual spending and business operations to government policies and international trade. The economy is influenced by numerous factors, including supply and demand, inflation, employment rates, and fiscal policies

US Delegation Arrives in Beijing for Trade Talks

A U.S. trade delegation has arrived in Beijing. The group is in China to hold two days of talks, beginning Monday, focusing on how best to carry out an agreement …

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China Upbeat Ahead of US Trade Talks, But Differences Large

China has sounded a positive note ahead of trade talks this week with Washington, but the two sides face potentially lengthy wrangling over technology and the future of their economic …

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Surge in US Job Creation, Fed Reassurance Boosts Stocks

A surge in U.S. job creation and some reassuring words from the head of the U.S. central bank sent U.S. stocks soaring Friday.   The Labor Department reported a net gain …

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Marriott Cuts Estimate on Size of Massive Starwood Hack

Marriott International Inc said Friday that fewer than 383 million customer records were stolen in a massive cyberattack disclosed last month, down from its initial estimate that up to 500 …

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US Dragnet Closes Around Group Accused of $2B ‘Secret’ Loans in Mozambique

It sounds like a Hollywood caper: A group of investors and officials convince European banks to loan a total of $2 billion to a resource-rich African nation trying to rebuild …

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Asian, European Stocks Rebound Ahead of US-China Trade Talks

Asian markets rebounded Friday on hopes that upcoming trade talks between the U.S. and China will calm a trade dispute that has rattled global markets. After a global sell-off triggered …

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China Says US Envoys Due in Beijing for Talks on Trade Fight

American envoys are due in Beijing for talks Monday in a tariff battle over Chinese technology ambitions that threatens to hobble global economic growth. The two days of meetings are …

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Global Stocks Continue Fall on US-China Trade War

Asian markets Friday continued the global sell-off triggered by Apple’s warning of lower revenues and futures indicators predict a sharply lower opening for U.S. markets. The Tokyo market dropped 3 …

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Southwest Airlines Co-founder Kelleher Dies at 87

Herb Kelleher, who changed the airline industry by helping create and lead Southwest Airlines, a low-fare carrier that made air travel more accessible to the masses, has died. He was …

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Ex-Credit Suisse Bankers Arrested on US Charges over Mozambique Loans

Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges that they took part in a $2 billion fraud scheme involving state-owned companies in …

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Global Stocks Fall After Apple Trims Sales Forecast

Stock markets around the globe dropped Thursday after tech giant Apple said that sales of its devices had fallen sharply in China last month, perhaps signaling a broader slowing in …

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Judge Blocks NYC Law Demanding Airbnb Disclosures

A federal judge says a New York City law forcing Airbnb and HomeAway home-sharing platforms to reveal detailed information about its business seems unconstitutional. Judge Paul Engelmayer on Thursday blocked …

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Could Tesla Price Cuts Mean Demand is Slowing?

Tesla made about 9,300 more vehicles than it delivered last year, raising concerns among industry analysts that inventory is growing as demand for the company’s electric cars may be starting …

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Chewing the Fat with Pakistan’s BBQ Masters

The sweet aroma of mutton smoke drifts through a maze of crumbling alleyways, a barbecue tang that for decades has lured meat-eaters from across Pakistan to the frontier city of …

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Brazil’s Bolsonaro Grabs Control Over Indigenous Lands

New Brazilian President Jair Bolsonaro issued an executive order Wednesday making the Agriculture Ministry responsible for decisions concerning lands claimed by indigenous peoples, in a victory for agribusiness that will …

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Lawyers Request Seizure of Japanese Assets for Korean Forced Labor

Lawyers for South Koreans forced into wartime labor have taken legal steps to seize the South Korean assets of a Japanese company they are trying to pressure into obeying a …

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Apple Cuts Revenue Forecast on Weak China Sales 

Apple on Wednesday cut the revenue forecast for its latest quarter, citing fewer iPhone upgrades and weak sales in China, and its shares tumbled in after-hours trade.    The company …

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New Riverboat to Ply Mississippi in New Orleans

Few experiences capture old New Orleans and the Mississippi River quite like a paddlewheel riverboat coming around a muddy bend with its tooting whistle, towering smoke stacks and water-churning propeller.    …

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Stock Market Starts Off 2019 With More Turbulence

The roller-coaster ride on Wall Street resumed Wednesday, the first trading day of the new year, as stocks plunged early on, then slowly recovered and finished with a slight gain. …

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Slowing Economies Could Prod US, China to Reach Deal

The Trump administration and China are facing growing pressure to blink in their six-month stare-down over trade because of jittery markets and portents of economic weakness.    The import taxes …

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Tesla Shares Drop on Price Cut, Disappointing Model 3 Deliveries

Shares in Tesla dropped as much as 9 percent on Wednesday on worries of future profitability, after the electric car maker cut U.S. prices for all its vehicles to offset …

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Raising Cattle a Risky Business for Venezuela Ranchers

Rotting hides on the road are all that is left of three butchered cows. Such carnage is common in Venezuela’s cattle country, where thieves, squatters and government policy threaten a …

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