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Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says
DUBAI, United Arab Emirates (AP) — Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said Wednesday.
Federal Reserve to face tough balancing act between fighting inflation and lifting growth
WASHINGTON (AP) — The Federal Reserve could keep its key rate unchanged for several more months as it seeks to evaluate the impact of President Donald Trump's on and , some economists say, even as the White House for a rate cut.
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McDonald's store traffic falls unexpectedly as diners grow uneasy about economy
McDonald’s store traffic fell unexpectedly in the first quarter as weighed on diners.
Moody's strips U.S. government of top credit rating, citing Washington's failure to rein in debt
WASHINGTON (AP) — Moody's Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments' failure to stop a rising tide of debt.
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UN forecasts slower global economic growth following Trump's tariffs and trade tensions
UNITED NATIONS (AP) — The United Nations on Thursday forecast slower global economic growth this year and next, pointing to the impact of the and .
Funds from migrants sent back home help fuel some towns' economies. A GOP plan targets that
WASHINGTON (AP) — Israel Vail’s entire life in the small western Guatemalan town of Cajolá is built off the money that his three children send home from the United States.
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US and Chinese officials meet in Geneva to discuss tariffs as the world looks for signs of hope
GENEVA (AP) — The U.S. treasury secretary and America’s top trade negotiator will meet with high-ranking Chinese officials this weekend to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and to damage global commerce.
Asian stocks are mixed after hopes for China-US talks, trade deal with the UK lift Wall Street
HONG KONG (AP) — Shares were mixed in Asia on Friday as investors pinned their hopes on between China and the U.S.
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Energy Star, efficiency program that has steered consumer choice, targeted in cuts
An Environmental Protection Agency plan to eliminate its Energy Star offices would end a decades-old program that gave consumers a choice to buy environmentally friendly refrigerators, dishwashers and other electronics and save money on electric bills, consumer and environmental groups said.
Asian shares get a lift from plans for China-US trade talks, Beijing stimulus moves
Shares advanced Wednesday in Asia after the U.S. and China said they are planning in Switzerland later this week.
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Weak GDP report tied to tariffs has Trump trying to blame Biden on the state of the economy
WASHINGTON (AP) — got worrisome news on Wednesday about how the U.S. economy is battening down for potential fallout from his tariffs — and he was quick to try to pin the blame on his Democratic predecessor, Joe Biden.
Europe saw stronger growth at start of year, but Trump's tariffs have darkened outlook
FRANKFURT, Germany (AP) — Europe’s economy grew more strongly in the first three months of the year, only to see hopes for an ongoing recovery quickly squelched by U.S. President Donald Trump’s trade war.
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Why Trump's call for the Fed to cut interest rates may not help consumers
President Donald Trump is to cut interest rates, but even if the Fed gave in to the pressure, it wouldn't necessarily lead to lower borrowing costs for consumers.
Most Americans expect higher prices as a result of Trump's tariffs, a new AP-NORC poll finds
WASHINGTON (AP) — Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with a new poll showing that many people fear the country is being and that the president’s broad and haphazardly enforced tariffs will cause prices to rise.
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Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
WASHINGTON (AP) — Donald Trump has stepped up on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.
European Central Bank expected to cut rates again amid worries about Trump's tariffs
FRANKFURT, Germany (AP) — Worries about economic growth fueled by U.S. President Donald Trump's will likely push the to cut interest rates on Thursday for a seventh straight time, a move that should make credit more affordable for business and consumers and promote economic activity.
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Trump considers pausing his auto tariffs as the world economy endures whiplash
WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from on the sector, to give carmakers time to adjust their supply chains.
Q&A: What has China done so far? What could China do next?
BEIJING (AP) — A reordering of global trading relationships could be underway as the world’s two largest economies clash and relations spiral into a trade war. On Friday, on U.S. goods from 84% to 125%, starting Saturday, after the U.S. pushed its tariffs on Chinese products to a total of 145%.
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Energy demand erodes in face of global economic slowdown as trade war intensifies
WASHINGTON (AP) — Oil prices slumped to a four-year low Wednesday in anticipation of slowing economic growth and reduced energy demand, both casualties of a that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners.
The International Monetary Fund reaches a preliminary deal with Argentina on a $20 billion bailout
BUENOS AIRES, Argentina (AP) — The International Monetary Fund on Tuesday said it has reached a preliminary, staff-level agreement with cash-strapped on a $20 billion bailout, providing as he seeks to overturn the country's old economic order.
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Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
ARLINGTON, Va. (AP) — The Trump administration’s will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday.
Fear that Trump tariffs will spark recession slashes billions of dollars from US stock values
U.S. companies had billions of dollars in value wiped out after President Donald Trump slapped sweeping tariffs on foreign imports.
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Trump is set to announce 'reciprocal' tariffs in a risky move that could reshape the economy
WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described on friend and foe alike.
Asian shares are sharply lower after Wall Street tumbles
NEW YORK (AP) — Asian shares were sharply lower on Monday after another wipeout slammed Wall Street as build about a potentially of and a U.S. economy slowing because to spend due to the .
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Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy
NEW YORK (AP) — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal.
Stock market today: Asian shares are mostly higher after advance on Wall Street
BANGKOK (AP) — Asian shares were mostly higher Thursday following an advance on Wall Street after the said the economy still looks healthy enough to keep interest rates where they are.
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