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Jobs report will help Federal Reserve decide how much to cut interest rates
WASHINGTON (AP) — Friday's monthly jobs report will likely mark a pivotal moment for the economy and
Asian benchmarks are mixed in cautious trading ahead of US holiday, jobs report
TOKYO (AP) — Asian shares were mixed in cautious trading Monday ahead of the Labor Day holiday in the U.S., when stock exchanges will be closed.
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US consumer confidence rises in August as Americans' optimism about future improves
American consumers felt more confident in August as their outlook for the future improved.
Israel's economy is struggling. Economists say ending the war would help
JERUSALEM (AP) — In Jerusalem’s Old City, nearly all souvenir shops are closed. In Haifa’s flea market, forlorn merchants polish their wares on empty streets. Airlines are canceling flights, businesses are failing and luxury hotels are half empty.
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Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
WASHINGTON (AP) — Federal Reserve officials have said they're increasingly confident that they've . Now, it's the health of the that's starting to draw their concern.
US consumer sentiment rises slightly on Democratic optimism over Harris' presidential prospects
WASHINGTON (AP) — A surge in optimism by Democrats over the prospects of Vice President Kamala Harris lifted U.S. consumer sentiment slightly this month.
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UK economy grows 0.6% between April and June as it recovers from recession
LONDON (AP) — Britain's economy continued its recovery from recession at the end of last year, with its GDP increasing by 0.6% between April and June, official figures showed Thursday.
Japan's economy grew last quarter on healthy consumer spending and business investment
TOKYO (AP) — Japan’s economy grew at an annual rate of 3.1% in the April-June period, rebounding from the contraction in the previous quarter, government data showed Thursday.
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As South Sudan's oil revenues dwindle, even the security forces haven't been paid in months
JUBA, South Sudan (AP) — The recent rupture of a crucial oil pipeline has sent fresh pain through the economy of South Sudan, where even the security forces haven't been paid in nine months. Some soldiers and civil servants are turning to side hustles or abandoning their jobs.
Japan's share benchmark resumes swings after calm day on Wall Street
Shares were mostly higher Wednesday in Asia, with Japan’s benchmark Nikkei 225 index falling shortly after the open and then bouncing as it climbed higher.
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Unemployment rise spurs fears of slowdown, yet recession signals have been wrong -- so far
WASHINGTON (AP) — A surprising last month has and set off new worries about the threat of a recession — but it could also prove to be a false alarm.
U.S. employers likely added 175,000 jobs in July as labor market cools gradually
WASHINGTON (AP) — The U.S. job market isn’t sizzling hot anymore. the way they were a year or two ago. But they aren’t slashing jobs either, and American workers continue to enjoy an unusual degree of job security.
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Ethiopia's currency dives by 30% as IMF-backed reforms to stabilize the economy take effect
ADDIS ABABA, Ethiopia (AP) — Ethiopia's currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to stabilize the eastern African nation's economy.
China's top leaders vow to support consumers and improve confidence in its slowing economy
BANGKOK (AP) — China’s powerful Politburo has endorsed the ruling Communist Party’s long-term strategy for growing the by encouraging more consumer spending and weeding out unproductive companies to promote “survival of the fittest.”
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China cuts 1-year benchmark rate, moving to boost economy as world markets languish
BANGKOK (AP) — China ratcheted up its effort to reinvigorate its economy Thursday by cutting a key policy rate and interest paid on bank deposits.
China's Communist Party charts technology- and security-focused development for reviving the economy
BANGKOK (AP) — In a year of major elections that will determine the destinies of many countries, China’s ruling Communist Party is holding closed, top-level meetings in Beijing to set strategies for reviving its slowing economy.
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China's economy slowed in the last quarter as weak consumer demand dragged on growth
BANGKOK (AP) — China's economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported Monday, while emphasizing signs of improvement in factory output, income and investment.
Powell stresses message that US job market is cooling, a possible signal of coming rate cut
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it's likely to begin cutting interest rates soon.
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China keeps lending rate unchanged as data show housing market is still struggling
BANGKOK (AP) — China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors.
Myanmar's economy in crisis as civil strife disrupts trade and livelihoods
BANGKOK (AP) — Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods.
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Is the US job market beginning to weaken? Friday's employment report may provide hints
WASHINGTON (AP) — Tentative signs have emerged that the U.S. economy is cooling in a way that would be welcomed by the Federal Reserve's inflation fighters: Companies are posting , consumer spending and wage growth, while still healthy, is gradually slowing.
Interest rates are likely headed down, at least in Europe
FRANKFURT, Germany (AP) — The plans to move ahead of the on Thursday in cutting interest rates, making the eurozone the biggest rich-world economy to start easing borrowing costs for businesses and consumers as the inflation that arose after slowly recedes.
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China factory indicator falls in May, suggesting growth has faltered
Factory activity in China slowed more than expected in May, suggesting further pressure on an economy already burdened by a prolonged crisis in the property industry, according to an official survey released Friday.
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
WASHINGTON (AP) — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation.
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Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease
WASHINGTON (AP) — It was a time of fear and chaos four years ago.
UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
UNITED NATIONS (AP) — The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia.
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