Wall St. disconnect: Traders panicky despite robust economy

Business 10/26/18, 08:12

The nerve-wracking anxiety that's gripped the U.S. stock market seems oddly unmoored from economic reality: Despite the turbulence on Wall Street, economic growth is strong, unemployment ultra-low and consumers exceptionally confident.The Dow Jones Industrial Average has shed more than 1,840 points — nearly 7 percent — since Oct. 3, even ...

Stocks shudder on Wall Street following steep drops overseas

Business 10/23/18, 06:23

U.S. stocks slumped broadly on Wall Street Tuesday, sending the Dow Jones Industrial Average down 400 points and extending the market's recent string of losses.The latest wave of selling came as investors grew unsettled by slowing economic growth in China and the costs of President Donald Trump's aggressive trade policies.China's ...

Asian stocks mixed after Wall Street skids, China slows

Business 10/19/18, 01:42

Asian stock markets were mixed Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.KEEPING SCORE: Tokyo's Nikkei 225 index fell 0.8 percent to 22,487.21 and India's Sensex lost 1.3 percent to 34,338.69. Hong Kong's Hang Seng picked up 0.5 percent to 25,571.54 ...

China’s economic growth slows amid trade battle with US

China 10/18/18, 23:01

China's economic growth slowed further in the latest quarter, adding to challenges for Communist leaders as they fight a tariff battle with Washington. The world's second-largest economy expanded by 6.5 percent over a year earlier in the three months ending in September, government data showed Friday. That was down from 6.7 ...

Update: Italian leader says budget not cause for concern

Europe 10/18/18, 11:30

The Latest on Italy's plans to ramp up public spending (all times local):5:10 p.m.Italian Premier Giuseppe Conte says after a day of defending the country's budget plan to allies that there is no reason to fear the EU's criticisms.Conte, in a post on Facebook Thursday, said that the measures are ...

Stocks skid as interest rates rise and earnings disappoint

Business 10/18/18, 10:24

U.S. stocks are falling Thursday morning as interest rates resume their upward climb and several industrial companies post disappointing third-quarter results. Interest rates started rising a day ago after the Federal Reserve released minutes showing that a minority of its leaders think interest rates will need to keep rising to ...

Ending austerity in UK ‘incompatible’ with budget plan

Europe 10/15/18, 19:14

The British government will have to spend an extra 19 billion pounds ($25 billion) a year on public services by the year 2022-23 if it's to deliver on Prime Minister Theresa May's promise to end austerity, a well-respected think-tank said Tuesday.In an analysis of Britain's public finances, the Institute for ...

Asian stocks slip on continuing global trade worries

Business 10/15/18, 02:52

Asian stocks slipped Monday, as investor worries continued about global trade tensions and prospects for economic growth.KEEPING SCORE: Japan's benchmark Nikkei 225 dipped 1.9 percent to finish at 22,271.30, while Australia's S&P/ASX 200 slipped nearly 1 percent to 5,837.10. South Korea's Kospi edged down 0.8 percent to 2,142.91. Hong Kong's ...

Asian stocks slip on continuing global trade worries

Asia & Pacific 10/14/18, 19:04

Asian stocks slipped Monday, as investor worries continued about global trade tensions and prospects for economic growth.KEEPING SCORE: Japan's benchmark Nikkei 225 dipped 1.2 percent to 22,426.32, while Australia's S&P/ASX 200 slipped nearly 1.1 percent in early trading to 5,832.00. South Korea's Kospi inched down 0.2 percent to 2,156.56. Hong ...

Stock market experts say this is a stumble, not a plunge

Business 10/12/18, 14:27

Woah, what was that?After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading.The swoon wiped more than 1,300 points from the Dow Jones Industrial Average over two days and dragged the benchmark S&P 500 index down more than 5 percent. The VIX index, ...

Higher rates both a sign of US economic might and risk to it

Business 10/11/18, 16:31

This week's dizzying sell-offs in the financial markets have been a rude reminder that the U.S. economy is no longer relying on ultra-low interest rates to fuel growth.Borrowing costs are rising for companies, homebuyers and the U.S. government — all of which could eventually dampen economic growth.Yet the climb in ...

Losses on Wall Street rip through Asian financial markets

Asia & Pacific 10/11/18, 03:02

A stock market rout that started on Wall Street rolled through Asia on Thursday, driving China's benchmark to a four-year low and sending indexes in Japan, Korea and Australia plunging.Japan's benchmark fell by an unusually wide margin of 3.9 percent and China's main index lost 5.6 percent. Markets across Southeast ...

Global shares mixed in muted trading amid growth fears

Asia & Pacific 10/09/18, 23:16

Global shares were mixed in muted trading Wednesday amid continuing worries about trade tensions and slowing global economic growth.KEEPING SCORE: France's CAC 40 shed 0.5 percent in early trading to 5,292.91, while Germany's DAX fell nearly 0.3 percent at 11,943.71. Britain's FTSE 100 edged down nearly 0.2 percent to 7,224.29. ...

US stock indexes are mixed as rising-rate shakeout extends

Business 10/09/18, 10:20

U.S. stock indexes were mixed in early trading on Tuesday as markets continue to absorb the shakeout from last week's rapid rise in interest rates.Higher interest rates can slow the economy, and the International Monetary Fund cited them late Monday when it downgraded its forecast for global economic growth. It ...

Not since 1969: US regains ultra-low 3.7 pct. unemployment

U.S. 10/05/18, 10:20

The last time the U.S. unemployment rate was roughly as low as the 3.7 percent it is now — December 1969 — the economy was overheating, inflation was spiking and a short recession soon followed.Could that happen again?Probably not anytime soon, most economists say. Yet there are some surprising similarities ...

US unemployment rate falls to 49-year low of 3.7 percent

Business 10/05/18, 04:41

The U.S. unemployment rate fell to 3.7 percent in September — the lowest level since December 1969 — while hiring slowed.Employers added just 134,000 jobs, the fewest in a year, the Labor Department said Friday. But that figure was likely lowered by Hurricane Florence.Florence struck North and South Carolina in ...

US jobs report Friday is likely to show another solid gain

Business 10/04/18, 23:09

Healthy consumer and business spending is fueling brisk economic growth, emboldening employers to post record numbers of openings and raising expectations for another positive snapshot of the U.S. job market.Economists have forecast that the government will report Friday that employers added a solid 184,000 jobs in September, according to the ...

Malaysia, Cambodia offer 2 Asian narratives of change at UN

World 09/28/18, 09:56

Two veteran Southeast Asian leaders appearing at the United Nations on Friday present a microcosm of a dynamic region enjoying rapid economic growth but struggling to fan away egregious human rights problems that follow it like a bad smell.On the one hand is Malaysia's Mahathir Mohamad, who at the grand ...

US, China hike tariffs as trade row intensifies

Business 09/24/18, 02:15

China and the United States imposed new tariff hikes on each other's goods Monday and Beijing accused Washington of bullying, giving no sign of compromise in an intensifying battle over technology that is weighing on global economic growth.U.S. regulators went ahead with a planned 10 percent tax on a $200 ...

Turkey expects lower growth amid currency turmoil

Business 09/20/18, 08:11

Turkey expects lower economic growth in coming years amid concerns over inflation and a sliding currency.Treasury and Finance Minister Berat Albayrak presented the government's economic plan Thursday, targeting 2.3 percent growth for 2019 and 3.5 percent for 2020. The previous target was 5.5 percent for both years.Albayrak estimated inflation in ...

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