World shares mostly higher; China plans stimulus measures

Business 12/25/19, 22:33

Global markets edged higher on Thursday though trading was subdued after the Christmas holidays. Chinese markets surged after the government announced a relaxation of residency restrictions for small and medium cities that boosted property stocks. The Shanghai Composite index jumped 0.9% ...

Why tariff war threatens Beijing’s global economic ambitions

World 05/12/19, 10:26

China's intensified tariff war with the Trump administration is threatening Beijing's ambition to transform itself into the dominant player in global technology. The United States is a vital customer and source of technology for Chinese makers of electronics, medical equipment and ...

Update: California governor proposes $213.5B budget

U.S. 05/09/19, 13:12

The Latest on California Gov. Gavin Newsom's budget proposal (all times local):11 a.m.California Gov. Gavin Newsom has proposed a $213.5 billion state government spending plan that boosts spending on homelessness, wildfire prevention and K-12 education.Gov. Gavin Newsom discusses a proposal ...

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 ...

Poll: More Americans say too little spending on health

Politics 03/21/19, 11:18

A growing majority of Americans want greater government spending on health care, and the increase is being driven by both Democrats and Republicans. That's according to new data from the General Social Survey, a widely respected trend survey that has been ...

Appeals court to hear arguments in Trump hotel lawsuit

U.S. 03/16/19, 08:16

The outcome of a lawsuit alleging that Donald Trump is violating the U.S. Constitution by profiting off the presidency could depend largely on competing definitions of an antiquated word: emoluments. At the center of the lawsuit is the emoluments clause of ...

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 ...

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 ...

China 2018 economic growth falls to 3-decade low

Business 01/20/19, 21:40

China's 2018 economic growth fell to a three-decade low as activity cooled amid a tariff war with Washington. The world's second-largest economy expanded by 6.6 percent over a year earlier, down from 2017's 6.9 percent, official data showed Monday. Growth in ...

China slump squeezes workers, hammers consumer spending

Business 01/17/19, 23:21

Yu Mingang had a good job helping Chinese manufacturers prepare to sell shares to the public until the cooling economy derailed those plans. As demand for auditing services sank, the 25-year-old accountant in the eastern city of Hangzhou was laid off ...

Shutdown squeezing Alabama city built on federal spending

U.S. 01/11/19, 02:20

Once known for its cotton trade and watercress farms, Huntsville, Alabama, is now the ultimate government town: About 70 federal agencies are located at the Army's 38,000-acre Redstone Arsenal. More than half of the area's economy is tied to Washington ...

Explains: What happens in a partial government shutdown

Politics 12/29/18, 14:30

A look at the impact of the partial government shutdown that began on Dec. 22: ____ WHAT'S OPEN AND WHAT'S CLOSED Social Security checks will go out and troops will remain at their posts. Doctors and hospitals will receive their Medicare and Medicaid ...

Tokyo Olympic minister promises transparency on spending

Sports 10/30/18, 07:39

The minister in charge of the 2020 Tokyo Olympics said Tuesday that national government spending on the event is billions less than a recent national government audit showed.Tracking Olympic costs is difficult with many murky areas and disputes about what ...

US budget deficit hits highest level in 6 years

Business 10/15/18, 10:57

The federal budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending.The Treasury Department said ...

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