Month: October 2018

Stock markets around the world tumbled Friday while U.S. Treasury prices rose along with demand for safer bets as better-than-expected U.S. economic data did little to ease anxiety over disappointing corporate profits and trade wars. Wall Street closed above its session lows, but earnings reports…

U.S. stock market indexes fell sharply in Friday's early trading, but saw losses ease later in the day.  At one point the S&P 500 and the Dow were down by two percent or more, while the NASDAQ was off by 3.5 percent at one point. …

The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.  The Commerce Department said Friday that the third quarter's gross domestic…

Honda Motor Co is considering shifting production of its U.S.-bound Fit subcompact cars to Japan from Mexico in a few years, partly due to a new North American trade agreement, two people familiar with the deal told Reuters. Fit cars for export to the United…

Top trade officials from 12 countries and the European Union on Thursday vowed to reform World Trade Organization rules in the face of U.S. actions that threaten to paralyze the body and address some of Washington's complaints about Chinese subsidies. The officials, meeting in the…

Major U.S. stock indexes made strong gains in Thursday's trading after some upbeat profit reports by major companies.  The Nasdaq composite posted its biggest daily gain since March, as Microsoft's upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares. The Nasdaq added 209.94 points, or 2.95 percent, to…

Another torrent of selling gripped Wall Street on Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the benchmark S&P 500 index to a sixth day. The tech-heavy Nasdaq composite bore the brunt of the sell-off,…

Saudi Crown Prince Mohammed bin Salman said on Wednesday the kingdom will continue with reforms and spending on infrastructure, predicting the economy will grow by 2.5 percent this year. Speaking at an investment conference in Riyadh, the crown prince also said he expected economic growth…

Julius Wakam worked in auto manufacturing for 11 years before being laid off in 2008. Today, the married father of three has a job at a hardware store to make ends meet until he can secure another well-paying position in his field. Like many workers…

Smugglers and other organized criminals are likely to exploit gaps in border enforcement if Britain leaves the European Union without an agreement, a watchdog warned Wednesday, amid a growing chorus of warnings about the disruptive impact of a "no-deal" Brexit. Britain is due to leave…

The U.S. will not send a high-ranking official to attend a major investment fair in China next month, the U.S. Embassy said Wednesday, in a move underscoring worsening trade frictions between the world's two largest economies. "China needs to make the necessary reforms to end…

A report by the Food and Agriculture Organization and World Food Program finds extreme weather conditions in Syria have caused the lowest production of wheat and barley for nearly three decades in this war-torn country. Still, the Syrian government has managed to pacify most of…

Coffee drinkers in the nation’s capital can now order that tall pumpkin spice iced skim latte in sign language. Starbucks has opened its first U.S. “signing store” to better serve hard of hearing customers. The store in Washington is just blocks from Gallaudet University, one…

Global stocks tumbled Tuesday amid investors' concerns over world economic growth and gloomy forecasts from U.S. bellwether companies. Major Asian indexes fell sharply after China increased financing for privately-held companies. Compounding investor worries were gloomy forecasts from U.S. industrial giants Caterpillar and 3M. The developments…