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Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.
UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy
LONDON (AP) — British Prime Minister Keir Starmer on Monday defended his Treasury chief against opposition claims that she misled the public and the markets about the state of the public finances before .
A look at the Thanksgiving shopping weekend and what's next
NEW YORK (AP) — The nation's shoppers about the economy, but they certainly were in the mood to shop over the five-day Thanksgiving weekend that wrapped up on Cyber Monday.
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This African nation built its development on diamonds. Now it's crashing down
GABORONE, Botswana (AP) — In a village outside ’s capital, Keorapetse Koko sat on an aging couch in her sparsely furnished home, stunned that a career — and an entire nation’s economy — built on diamonds had fallen so far, so fast.
Average US long-term mortgage rate falls to 6.23%, ending a three-week climb
The average rate on a 30-year U.S. mortgage ended a three-week streak of increases, reflecting a pullback in long-term U.S. Treasury bond yields.
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US retail sales rose slightly in September, adding to months of big gains
WASHINGTON (AP) — Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer.
Takeoff of China's flying taxis hits turbulence
HONG KONG (AP) — An unmanned, oval-shaped craft from flying taxi maker hovers, whirring noisily like a mini-helicopter over a riverside innovation zone on the outskirts of the southern business hub of Guangzhou, part of a trial of a mini-flying taxi that once might have been found only in sci-fi films.
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Sharp disagreements over economy threaten Federal Reserve interest rate cut
WASHINGTON (AP) — What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy's health and whether stubborn inflation or weak hiring represent a bigger threat.
US has warned others to avoid loans from Chinese state banks. But it's the biggest recipient of all
WASHINGTON (AP) — For years, Washington has been warning others not to trust loans from Chinese state banks fueling its rise as a superpower. But a new report reveals an ironic twist: The United States is the biggest recipient of all — by far. And the security and technology implications have yet to be fully understood.
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German government to subsidize industry's energy prices in bid to revitalize economy
BERLIN (AP) — Germany's governing coalition agreed to subsidize energy prices for heavy industry over the next three years as it tries to breathe new life into a stubbornly that is weighing on Europe's performance.
UK growth slows down to a crawl in Q3 ahead of crucial budget
LONDON (AP) — Economic growth in the U.K. slowed down to a near standstill in the third quarter of the year, official figures showed Thursday, in what is a blow to the British government less than two weeks ahead of a crucial budget that is expected to see taxes rise again.
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'No hire' job market leaves unemployed in limbo as threats to economy multiply
WASHINGTON (AP) — When Carly Kaprive left a job in Kansas City and moved to Chicago a year ago, she figured it would take three to six months to find a new position. After all, the 32-year old project manager had never been unemployed for longer than three months.
Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries
WASHINGTON (AP) — President Donald Trump is adjusting his messaging strategy to win over voters who are with plans to emphasize and show progress on fighting .
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Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.
Americans staying put: US home turnover rate at lowest level in decades as housing slump drags on
LOS ANGELES (AP) — The number of U.S. homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn't been this low in nearly 30 years.
Europe's economy shows modest growth of 0.2%, held back by laggard Germany
FRANKFURT, Germany (AP) — Europe’s economy grew by a modest 0.2% in the third quarter, official figures showed Thursday. Growth in the 20 countries that use the euro was held by back and anemic performances by Germany and Italy, both of which barely avoided a technical recession.
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Belgium calls on EU partners to share risk if they want to use frozen Russian assets to aid Ukraine
BRUSSELS (AP) — Belgium's prime minister said on Thursday that his European partners must share the risk of using billions of dollars in that are held in his country to help keep Ukraine’s economy and afloat in coming years.
China's economy slows to 4.8% annual growth in July-September, hit by tariffs and slack demand
HONG KONG (AP) — China's economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand.
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Average long-term US mortgage rate slips to 6.27%, nearing a low for 2025
The average rate on a 30-year U.S. mortgage declined again this week, easing to just above its lowest level this year.
Asian shares swing higher after a wobbly day on Wall Street
BANGKOK (AP) — Shares swung higher in Asia on Wednesday as hopes for a U.S. interest rate cut helped to offset worries over simmering trade tensions between Washington and Beijing.
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The Nobel economics prize is set to be announced Monday
STOCKHOLM (AP) — The final of this year's prize season is being announced Monday morning when organizers reveal the winner or winners of the .
IMF chief warns of economic uncertainty and offers this advice: 'Buckle up'
WASHINGTON (AP) — The global economy is holding up better than expected such as , but the head of the says that resilience may not last.
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Lack of jobs data due to government shutdown muddies the outlook for hiring and the economy
WASHINGTON (AP) — From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial .
Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one
WASHINGTON (AP) — Shutdowns of the federal government usually don't leave much economic damage. But the one that started Wednesday looks riskier, not least because President Donald Trump is threatening to use the standoff to permanently eliminate thousands of government jobs and the state of the economy is already precarious.
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Asian shares trade in a narrow range as traders brace for a possible US government shutdown
TOKYO (AP) — Asian shares were little changed in narrow trading Tuesday as investors braced for a possible U.S. government shutdown.
Bipartisan group of top officials urges Court to reject Trump's effort to fire Fed governor
WASHINGTON (AP) — A bipartisan group of former Federal Reserve chairs, Treasury secretaries, and top White House economists urged the Supreme Court Thursday to reject an attempt by President Donald Trump to governor .
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Federal Reserve shows unexpected unity, independence as it weathers Trump's attacks
WASHINGTON (AP) — The Federal Reserve's to reduce its key interest rate was seen by many observers as a quiet show of unity and independence amid President Donald Trump's for steeper cuts and his unprecedented effort to .
Federal Reserve wrestles with how many interest rate cuts to make and how fast
WASHINGTON (AP) — With the Federal Reserve widely expected Wednesday to reduce its by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months?
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