[Breaking] Classified Wargames Reveal Grave Threat From China
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.
Final jobs report before election will likely offer a blurred view of labor market
WASHINGTON (AP) — Americans on Friday will get their last major look at the state of the U.S. economy — the October jobs report — just four days before Election Day. The view, though, is likely to be that left many workers temporarily off payrolls.
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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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.
Stock market today: Asian shares fall after Wall Street pulls back from its records
TOKYO (AP) — Asian shares outside of China declined in cautious trading Tuesday ahead of earnings reports both in the region and overseas, after Wall Street’s long, record-breaking rally ran out of steam.
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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.
Japan records trade deficit on weak yen, slowing exports
TOKYO (AP) — Japan racked up a trade deficit of 294.3 billion yen ($2 billion) in September, according to Finance Ministry data released Thursday, as exports fell to key destinations like China.
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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.
China announces more support for economy but holds back on major spending package
HONG KONG (AP) — China’s economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives.
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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.
Richmond Fed president urges caution on interest rate cuts because inflation isn't defeated
WASHINGTON (AP) — The president of the Federal Reserve's Richmond branch says he supports reducing the central bank's key interest rate “somewhat” from its current level but isn't yet ready for the Fed to fully take its foot off the economy's brakes.
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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.
Stock market today: Asian shares gain as China eases rates to aid property industry
Asian shares advanced Tuesday, with Chinese markets logging the biggest gains after the central bank announced a to support the economy.
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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
China's economy softens in August as Beijing continues to grapple with lagging demand
BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand.
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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.
Japan's economy is growing, but political uncertainty is among the risks
TOKYO (AP) — Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending, revised government data showed Monday.
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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.
Asian shares mostly slip as market focus turns from Nvidia to US economy
TOKYO (AP) — Asian shares mostly fell Thursday as market attention turned to upcoming data on the U.S. economy after .
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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.
Gov. Jim Justice tries to halt foreclosure of his West Virginia hotel as he runs for US Senate
CHARLESTON, W.Va. (AP) — Gov. Jim Justice is in a as he runs for U.S. Senate to keep a historic West Virginia hotel at his luxury resort before it's auctioned off next week due to unpaid debts.
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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.
FACT FOCUS: Trump blends falsehoods and exaggerations at rambling NJ press conference
Former President Donald Trump on Thursday gave his in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week's Democratic National Convention.
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