economy

By ALEX VEIGA AP Business Writer Stocks fell in afternoon trading Monday amid growing speculation on Wall Street that unexpectedly strong U.S. employment data may keep the Federal Reserve from aggressively cutting interest rates. The market rallied through much of June after the central bank...

By JOSH BOAK AP Economics Writer WASHINGTON (AP) — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy's durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a...

By JOSH BOAK and HANNAH FINGERHUT Associated Press Eds: Adds details. AP Photos, Graphic WASHINGTON (AP) — The solid economy is doing little to bolster support for President Donald Trump. Americans give Trump mixed reviews for his economic stewardship despite the growth achieved during this...

WASHINGTON (AP) — President Donald Trump is continuing efforts to pressure the U.S. central bank system, saying the stock markets and economic growth would be much higher if not for its actions. Trump says the Federal Reserve "doesn't know what it's doing" and raised interest rates too quickly. The...

NORFOLK, Va. (AP) - Experts say that southeastern Virginia could suffer $40 billion in losses if it's struck by a major hurricane. Professors from Old Dominion University said in a recent report that the damages could seriously puncture the regional economy. The June 12 report said losses could...

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. hiring slowed in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of slowing global growth and widening trade conflicts. The tepid job growth, along with rising pressures on the...

By JILL COLVIN and COLLEEN LONG Associated Press WASHINGTON (AP) — Despite pushback from U.S. business, Mexico and Capitol Hill, President Donald Trump is doubling down on his threat to slap a 5% tariff on Mexican imports unless America's southern neighbor cracks down on Central American migrants...

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks tumbled on Wall Street Friday after the U.S. announced plans to expand its trade war to Mexico, its third-biggest trading partner. The slump all but guarantees the market will end May with its first monthly loss of 2019. The S&P 500...

By ANNE D'INNOCENZIO AP Retail Writer NEW YORK (AP) — The outlook for department stores got murkier Tuesday after J.C. Penney and Kohl's reported fiscal first quarter results that showed they struggled at the start of the year. Penney, which has been trying to turn around its business for several...