US economy revises down Q4 growth rate to 2.2 percent

Business 03/28/19, 07:38

U.S. economic growth slowed sharply in the fourth quarter last year to an annual rate of just 2.2 percent. There are concerns that growth has slowed even more in the first quarter this year as global weakness, fading government stimulus and rising trade tensions have taken on a toll on ...

Survey: Business economists see slowdown in growth this year

Business 03/25/19, 08:26

The nation's business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration's predictions that growth will accelerate this year and next. That finding comes from the latest survey by the National Association for Business Economics being released Monday. Its ...

Stock indexes slide lower as economic growth worries spread

Tech 03/22/19, 11:21

Stocks are sliding on Wall Street Friday and bond yields are moving sharply lower as investors worry that global economic growth is slowing.Banks and technology companies led the declines, which wiped out the market's gains for the week.Citigroup led a slump in banks with a 4.9 percent loss as bond ...

Fed is likely to stay ‘patient’ and project fewer rate hikes

Business 03/20/19, 02:22

The Federal Reserve is expected to end its latest policy meeting Wednesday by refining its new overarching message that it plans to be "patient" about any further interest rate hikes. The Fed is all but sure to keep its key short-term rate in a range of 2.25 percent to 2.5 percent, ...

White House foresees long economic boom where others don’t

Business 03/19/19, 04:13

Contrary to the views of most economists, the Trump administration expects the U.S. economy to keep booming over the next decade on the strength of further tax cuts, reduced regulation and improvements to the nation's infrastructure. The annual report from President Donald Trump's Council of Economic Advisers forecasts that the economy ...

Premier: China needs ‘strong measures’ to support economy

Business 03/14/19, 22:02

China's top economic official says the country needs "strong measures" to counteract downward pressure on growth but Beijing plans to promote market-oriented reforms instead of relying on more lending and deficit government spending.Premier Li Keqiang, speaking in a nationally televised news conference, said Friday the communist government will cut taxes ...

French president Macron pledges economic growth with Kenya

Europe 03/13/19, 11:46

French President Emmanuel Macron on Wednesday pledged greater partnerships with Kenya in economic development and efforts to improve the environment and to battle regional extremist violence.At the start of his two-day visit to Kenya, Macron met with Kenyan President Uhuru Kenyatta and launched a new car model assembled at a ...

Kudlow: No reason to ‘obsess’ about budget deficit

Business 03/10/19, 10:36

President Donald Trump's top economist is brushing off concerns about rising budget deficits and slowing economic growth in advance of the release of the president's 2020 budget. White House economic adviser Larry Kudlow says Trump's budget "points a steady glide path" toward lower federal spending and federal borrowing as a share ...

US stocks sink following surprisingly weak jobs report

Business 03/08/19, 10:19

U.S. stocks fell Friday morning as signs piled up that the global economy is hitting the brakes, headlined by a surprisingly weak report on the U.S. job market.The S&P 500 was on track for its fifth straight decline, which would be its longest losing streak in nearly four months. It ...

US stocks fall in morning trading, extending weekly losses

Business 03/07/19, 10:15

U.S. stocks moved lower in morning trading, led by banks and technology companies, putting the market on track for its first losing week since January.Utilities and real estate stocks eked out slight gains as investors moved toward safer holdings.A lack of concrete news on trade and lingering economic concerns has ...

Update: European Central Bank cuts growth forecasts

Business 03/07/19, 08:45

The Latest on the European Central Bank's monetary policy meeting (all times local):2:45 p.m.The European Central Bank has slashed its forecast for economic growth and inflation in the 19-country eurozone.It now expects growth of 1.1 percent this year, down sharply from its earlier forecast for 1.7 percent. Inflation is also ...

Greek economic growth slightly undershoots targets for 2018

Europe 03/07/19, 07:00

Greece's statistical authority says economic growth in 2018 was weaker than forecast, following a slight contraction in the third quarter attributable to a decline in investment spending.Provisional data released Thursday show the economy grew 1.9 percent in 2018, down from a 2.1 percent estimate by the government, but closer to ...

Update: China promises all companies treated as equals

China 03/04/19, 20:39

The Latest on the annual meeting of China's Congress (all times local):9:30 a.m.China's top economic official is promising all companies are to be 'treated as equals' in a bid to defuse U.S. and European trade complaints.A Chinese military band conductor rehearses before the opening session of the annual National People's ...

China sets 2019 economic growth target at 6 to 6.5 percent

Business 03/04/19, 20:08

China's government has trimmed this year's economic growth target to a relatively robust 6 to 6.5 percent amid a tariff battle with Washington and a slowdown in global growth.The growth target announced Tuesday at the opening of the ceremonial national legislature is down slightly from 2018's three-decade low growth of ...

US stocks open lower after weak economic growth report

World 02/28/19, 10:19

Stocks are opening slightly lower on Wall Street Thursday after the government reported that economic growth slowed down at the end of last year. There were also disappointing earnings and forecasts from several technology companies. The latest figures show that the U.S. economy grew in the fourth quarter at its slowest ...

Trump says denuclearization means economic growth for N.Korea

Politics 02/26/19, 23:00

President Donald Trump says Vietnam, the site of his second round of nuclear talks with Kim Jong Un, is thriving economically and that North Korea could, too, if it would give up its pursuit of nuclear weapons. Before sitting down with Kim later Wednesday in Hanoi, Trump tweeted that "North Korea ...

European Central Bank feared slowdown worse than expected

Europe 02/21/19, 07:36

Top officials of the European Central Bank worried at their last meeting that the slowdown in economic growth might be "deeper and more broad-based" than previously suspected.The written account of the Jan. 24 meeting released Thursday indicated the bank's 25-member rate-setting council felt they had to balance acknowledgement of worsening ...

Japan’s economy rebounded in final quarter of 2018

Business 02/13/19, 23:04

Japan's economic growth for the last three months of 2018 rebounded from a slump the previous quarter, growing at an annual rate of 1.4 percent. The preliminary data the Cabinet Office released Thursday showed recovery in various categories, including exports, consumer demand, investments and government spending. Gross domestic product, or the total ...

Fed Chairman Powell doesn’t see elevated recession risks

Business 02/12/19, 14:31

Federal Reserve Chairman Jerome Powell said Tuesday he does not feel the probability of a recession "is at all elevated," and that the country is continuing to see solid economic growth.But in a visit to a historically black university in the Mississippi Delta, Powell said that many rural areas have ...

Stocks open higher ahead of US-China trade talks

Europe 02/11/19, 10:32

U.S. stocks were mostly higher in early trading Monday as Wall Street nears the end of a relatively strong earnings season and looks ahead to key trade talks between the U.S. and China.U.S. Treasury Secretary Stephen Mnuchin is leading a delegation set to meet with Chinese officials on Thursday and ...

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