Elon Musk: "This Is the Most Destructive Force in History"
Elon Musk claims a terrifying new economic force will put millions of Americans out of work. The ripple effects could nudge the US economy into a catastrophic tailspin. If this happens, you need to be prepared. That's why a former Trump advisor is sharing his contingency plan with the public. What is Musk talking about?
UK economic growth slows down sharply in the third quarter
LONDON (AP) — U.K. economic growth slowed down sharply in the third quarter of the year, official figures showed Friday. The Office for National Statistics said growth during the July to September period was just 0.1%. That was lower than the 0.5% recorded in the and below market expectations for 0.2%.
Average rate on a 30-year mortgage in the US rises for fifth straight week
The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August.
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The average rate on a 30-year mortgage in the US slips to 6.78%
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb.
Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
WASHINGTON (AP) — All that's left is for President-elect to put his name on it — if he wants.
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China to unveil much-anticipated economic stimulus package
BEIJING (AP) — China is expected to announce much-anticipated steps to boost Friday at the end of this week's meeting of its legislature.
Stock Market Today: Asian shares retreat after Trump's victory as focus turns to the Fed
Shares retreated in Asia early Thursday after U.S. stocks stormed to records as investors wagered on what to the White House will mean for the economy and the world.
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US economy is believed to have grown at a solid pace again last quarter
WASHINGTON (AP) — Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.
IMF chief warns that world risks falling into slow-growth rut and urges China to enact reforms
WASHINGTON (AP) — The world economy, buffeted by and , is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday. She also urged Chinese leaders to take more decisive action to jump-start their or risk seeing economic growth plummet.
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Tech expert Jeff Brown uncovers Bill Gates' latest AI project, Stargate, which Forbes claims could reshape everything we think we know about our world.
Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit
KUALA LUMPUR, Malaysia (AP) — Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country's fiscal deficit, Prime Minister Anwar Ibrahim said Friday as he unveiled a national budget for 2025.
Stock market today: Asian shares gain as China releases plan for market support
BANGKOK (AP) — Asian shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders.
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China’s exports slow sharply in September, adding to worries over the economy
HONG KONG (AP) — China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world’s second-largest economy.
South Korea's central bank raises rates in a bid to boost the economy
SEOUL, South Korea (AP) — South Korea’s central bank on Friday cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country’s level of household debt.
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Jobs report is likely to show another month of modest but steady hiring gains
WASHINGTON (AP) — The U.S. labor market is still reliably cranking out jobs each month, enough to give Americans the confidence and paychecks to keep spending and sustaining the economy. Yet the pace of hiring has lost momentum over the past several months, evidence that employers have become more cautious.
China factory surveys show economy weakening, as Beijing steps up support
China's economy weakened further in recent weeks, surveys released Monday showed, signaling the need for support as the government ratchets up stimulus.
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In multiple wargames, U.S. forces were overwhelmed and unable to stop Chinese amphibious assaults from seizing the island. With tensions at a boiling point, the economic fallout could be devastating. Get the details on the weapons makers set to boom if war breaks out.
US economy grew at a solid 3% rate last quarter, government says in final estimate
WASHINGTON (AP) — The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Thursday, leaving its previous estimate unchanged.
Czech central bank cuts its key interest rate to 4.25%
PRAGUE (AP) — The Czech Republic’s central bank on Wednesday cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery.
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The Fed sees its inflation fight as a success. Will the public eventually agree?
WASHINGTON (AP) — With its larger-than-usual to its key interest rate last week, the Federal Reserve underscored its belief that it's all but conquered inflation after three long years.
Sri Lanka's presidential election a test for current leader, 2 years after its economy hit bottom
COLOMBO, Sri Lanka (AP) — Two years ago, food cart worker Fathima Shiyama had to wait in line, sometimes for days, to get cooking gas, fuel and other essentials. It was a test of patience for her and millions of other Sri Lankans as their country languished in
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Russian central bank hikes rates to fight inflation fueled by military spending in growing economy
MOSCOW (AP) — Russia's central bank raised its key interest rate by a full percentage point to 19% to combat high inflation as government spending on the military strains the economy's capacity to produce goods and services and drives up workers' wages.
China's August exports grow a robust 8.7%, beating forecasts while imports soften
HONG KONG (AP) — China’s exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing economy.
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Asian markets are trading mixed as investors wait for key US jobs report
TOKYO (AP) — Asian shares traded mixed Tuesday as investors looked ahead to a key report on U.S. employment set for release later in the week.
Asian shares trade higher after mixed trading on Wall Street
TOKYO (AP) — Asian shares mostly rose Friday as markets continued to be moderately optimistic about the prospects of technology companies and the relative health of global economies.
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U.S. Latinas contributed $1.3 trillion to the GDP, about as much as Florida's economy, report finds
Latinas contributed $1.3 trillion to the U.S. gross domestic product in 2021, up from $661 billion in 2010 and at a growth rate nearly triple that of non-Latinos during the same time period, according to a funded by Bank of America and conducted by professors at California Lutheran University and UCLA.
Takeaways from Fed Chair Powell's speech at Jackson Hole
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell all but proclaimed victory in the fight against inflation and signaled that interest rate cuts are coming in a Friday in Jackson Hole, Wyoming.
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Kayak CEO says being number 2 to Google in travel searches is 'not a bad place to be'
Travel is booming, with record numbers of passengers surging through U.S. airports, and Kayak CEO Steve Hafner says searches on his company's site are still rising as people start to think about holiday trips.
US consumer sentiment rises slightly on Democratic optimism over Harris' presidential prospects
WASHINGTON (AP) — A surge in optimism by Democrats over the prospects of Vice President Kamala Harris lifted U.S. consumer sentiment slightly this month.
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