U.S. economy

WASHINGTON | AP FACT CHECK: Trump on black unemployment

WASHINGTON— President Donald Trump, who has a reputation for inflaming racial tensions, is defending himself against claims that he’s racist by taking credit for recent job gains by black Americans. The administration’s argument Tuesday rested on a misleading boast that Trump has done more to help the economic well-being of minorities than Barack Obama, the … Continue reading WASHINGTON | AP FACT CHECK: Trump on black unemployment

WASHINGTON | AP FACT CHECK: Trump falsely claims historic turnaround

WASHINGTON — President Donald Trump falsely claimed Friday he’s pulled off “an economic turnaround of historic proportions.” Speaking at the White House after the government reported that the economy grew at an annual rate of 4.1 percent in the second quarter, Trump declared that the gains were sustainable and would only accelerate. Few economists outside … Continue reading WASHINGTON | AP FACT CHECK: Trump falsely claims historic turnaround

WASHINGTON | Trump to tout surging economy in South Lawn speech

WASHINGTON — President Donald Trump is praising new economic data released Friday, saying the U.S. is the “economic envy of the entire world.” Trump is celebrating data showing the U.S. economy surged in the April-June quarter to an annual growth rate of 4.1 percent. Trump is predicting that as he renegotiates trade deals, “we’re going … Continue reading WASHINGTON | Trump to tout surging economy in South Lawn speech

FRANKFURT, Germany | European Central Bank says rates will remain low for months

FRANKFURT, Germany — The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary stimulus settings unchanged at … Continue reading FRANKFURT, Germany | European Central Bank says rates will remain low for months

Banks lead stocks slightly higher, reversing morning slide

U.S. stocks veered slightly higher in afternoon trading Monday as the market recovered from an early slide. Banks accounted for much of the market’s gains as bond yields rose, pointing to higher interest rates on consumer loans. Automakers, retailers and industrial companies declined. Investors were focused on corporate America as the busiest week of the … Continue reading Banks lead stocks slightly higher, reversing morning slide

US stocks dip in early trading as busy earnings week starts

U.S. stocks edged lower in early trading Monday as losses in technology companies and retailers outweighed gains elsewhere. Banks posted solid gains. Investors had their eye on corporate America as the busiest week of the earnings reporting season got underway. KEEPING SCORE: The S&P 500 index fell 3 points, or 0.1 percent, to 2,797 as … Continue reading US stocks dip in early trading as busy earnings week starts

BUENOS AIRES, Argentina | Mnuchin: Overall US economy not harmed by trade battles

BUENOS AIRES, Argentina  — U.S. Treasury Secretary Steven Mnuchin said Saturday that the overall U.S. economy has not been harmed by the trade battles set off by President Donald Trump’s get-tough policies although some individual sectors have been hurt. He said the administration was exploring ways to help farmers and other specific industries that have … Continue reading BUENOS AIRES, Argentina | Mnuchin: Overall US economy not harmed by trade battles

SINGAPORE  | Asian stocks ease after rallying on solid US performance

SINGAPORE  — Asian markets have eased after early gains as a sweep of positive news from Wall Street and beyond boosted confidence in the U.S. economy. KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 0.4 percent to 22,794.19. The index had rallied 1 percent in early Wednesday trading. South Korea’s Kospi lost 0.4 percent to 2,288.67, … Continue reading SINGAPORE  | Asian stocks ease after rallying on solid US performance