Will stocks rise in 2019? Maybe, but it’ll be stressful

Business 12/23/18, 09:02

No matter which way the stock market goes in 2019 — and Wall Street has ample arguments for either direction — expect it to be another gut-wrenching ride.The market is facing a long list of challenges this upcoming year, from expectations for slower economic growth around the world to the ...

US consumer spending rises solid 0.4 percent in November

Business 12/21/18, 12:59

Americans lifted their spending 0.4 percent in November from the previous month, a moderate gain that should sustain steady economic growth. Personal incomes rose 0.2 percent, down from 0.5 percent in the previous month, the Commerce Department said Friday. Consumer spending jumped by the most in 13 months in October, and November's ...

Asian stocks sink for 2nd day after Wall Street slide

Business 12/21/18, 01:34

Asian stocks fell further Friday after Wall Street slid on recession fears, putting markets in Shanghai, Tokyo and Sydney on track to end 2018 down more than 10 percent.Tokyo's Nikkei 225 index fell 1.6 percent and the Shanghai Composite Index lost 1.2 percent. The Chinese market is 2018's worst performer, ...

Edwards says tariffs slowing Louisiana’s economic growth

U.S. 12/20/18, 16:07

Even as he touted Louisiana's economic picture, Gov. John Bel Edwards said Thursday that President Donald Trump's tariffs are causing "pain" for agricultural and petrochemical industries and stifling the state's growth. The Democratic governor typically refrains from criticizing the Republican president. But he blamed the tariffs Trump has imposed on certain ...

US stocks fall again following several days of steep losses

Business 12/20/18, 11:44

Stock prices are falling further on Wall Street Thursday, a day after another big plunge rocked markets around the world.The benchmark S&P 500 index has slumped more than 6 percent in the last six days and is now 15 percent below the peak it reached in late September. After steady ...

Putin hails another year of Russian economic growth

Europe 12/20/18, 04:25

President Vladimir Putin is hailing another year of Russian economic growth after a previous period of stagnation.Putin said at an annual news conference summing up the results of the year that Russia's gross domestic product is set to grow by 1.8 percent this year, while industrial output has grown faster ...

The debt threat: Business debt, and worries about it, are up

Business 12/14/18, 11:32

Homeowners appear to have learned the lesson of the Great Recession about not taking on too much debt. There is some concern that Corporate America didn't get the message.For much of the past decade, companies have borrowed at super-low interest rates and used the money to buy back stock, acquire ...

US stocks rise again; tech and high-dividend companies climb

Business 12/13/18, 10:34

U.S. stocks are mixed in morning trading Thursday as technology and health care companies rise. Safer, high-dividend stocks in real estate and utilities are also climbing. Banks are falling, and smaller companies continue to lag their larger rivals.The European Central Bank said it will end its bond-buying economic stimulus program ...

Update: European Central Bank expects slower growth

Europe 12/13/18, 08:41

The Latest on the European Central Bank's monetary policy meeting (all times local):2:40 p.m.The European Central Bank has lowered its economic growth projections for this year and next year.The bank said Thursday it was lowering the outlook for the eurozone economy this year to 1.9 percent from 2.0 percent in ...

Stocks climb after US-China trade truce; oil price surges

Business 12/03/18, 11:49

Stocks moved higher in morning trading on Wall Street Monday after the U.S. and China agreed to a 90-day truce in their escalating trade dispute.Technology companies led the rally, which followed gains in overseas markets as investors welcomed news of the temporary stand-down, which was agreed to over dinner between ...

US, China put brakes on their trade dispute with ceasefire

Politics 12/02/18, 00:29

The United States and China reached a 90-day ceasefire in a trade dispute that has rattled financial markets and threatened world economic growth. The breakthrough came after a dinner meeting between President Donald Trump and Chinese leader Xi Jinping at the Group of 20 summit in Buenos Aires. Trump agreed to ...

Tech and health care stocks take US indexes higher

Business 11/28/18, 11:29

U.S. stock indexes are rising Wednesday morning as software maker Salesforce leads a rally in technology companies. Health care stocks are also higher. Luxury retailer Tiffany is dropping after it said tourists from China pulled back on spending in its latest quarter, which hurt its sales.Federal Reserve Chairman Jerome Powell ...

China’s growth slows, as does tourist spending at Tiffany’s

Business 11/28/18, 09:23

Evidence of China's slowing economy popped up in the sales numbers posted by Tiffany & Co. While revenue rose 4 percent to just above $1 billion in the third quarter, industry analysts were anticipating a bigger boost. Some of that unexpected drag is taking place because spending by Chinese tourists is ...

Markets Q&A: Stocks slide into another ‘correction’

Tech 11/23/18, 16:12

For the second time this year, stocks have gone into what's known on Wall Street as a correction — a drop of 10 percent or more from a recent high. As of Friday's close, the benchmark S&P 500 index has dropped 298 points, or 10.2 percent, since reaching a record high ...

Eurozone economy seen slowing through to 2020

Europe 11/08/18, 06:03

Economic growth across the 19-country eurozone is expected to moderate over the next few years amid rising trade tensions around the world and higher oil prices, according to updated forecasts from the European Union.The EU's executive Commission said Thursday that eurozone growth this year is expected to moderate to 2.1 ...

German government advisers slash economic growth forecast

Europe 11/07/18, 07:13

The German government's panel of independent economic advisers has cut its growth forecast for this year, citing a tougher foreign trade environment, among other issues.The five advisers on Wednesday predicted growth of 1.6 percent this year in Europe's biggest economy, down sharply from the 2.3 percent they forecast in March. ...

Phoenix voter: Support for Trump a top priority

U.S. 11/06/18, 16:17

The Latest in Arizona's midterm election (all times local): 1:15 p.m. Commercial builder Keith Broadwater from Phoenix says his votes in Tuesday's midterm election reflected his support for the U.S. Constitution, President Donald Trump, the people who have been forgotten by politicians, and the president's approach to economic growth and illegal immigration. The ...

US adds robust 250,000 jobs; pay growth fastest since 2009

U.S. 11/02/18, 08:38

U.S. employers added a stellar 250,000 jobs last month and raised average pay by the most in nearly a decade. The Labor Department's monthly jobs report, the last major economic data before Tuesday's congressional elections, also showed that the unemployment rate remained at a five-decade low of 3.7 percent. The influx of ...

China’s Xi promises tax cuts, other help to entrepreneurs

China 11/02/18, 00:55

President Xi Jinping has promised tax cuts and other help to China's entrepreneurs in a renewed effort to revive growth in a cooling, state-dominated economy amid a mounting tariff battle with Washington. Xi's comments, reported Friday by state media, follow a decline in Chinese economic growth to a post-global crisis low ...

South Africa leaving ‘dark’ days of corruption, says leader

World 11/01/18, 14:09

South African President Cyril Ramaphosa says his country has survived a "dark period" when corruption was rampant and is now focused on achieving economic growth and land reform to win popular support in general elections next year.South African President Cyril Ramaphosa addresses members of the Foreign Correspondents Association in Johannesburg, ...

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