Economy

In this Jan. 23, 2019, photo, construction workers build new housing in Salisbury, Mass. On Friday, April 19, the Commerce Department reports on U.S. home construction in March. (AP Photo/Elise Amendola)
April 19, 2019 - 8:00 am
WASHINGTON (AP) — U.S. home construction slipped 0.3% in March, as housing starts are running below last year's pace in a sign that inventory could be a challenge for would-be buyers. The Commerce Department says that housing starts last month were a seasonally adjusted annual rate of 1.14 million...
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FILE - In this Sept. 19, 2014, file photo, Jack Ma, founder of Alibaba, smiles during the company's IPO at the New York Stock Exchange in New York. Remarks by Ma, one of China's richest men, that young people should work 12-hour days, six days a week if they want financial success have prompted a public debate over work-life balance in the country. (AP Photo/Mark Lennihan, File)
April 19, 2019 - 5:55 am
BEIJING (AP) — Chinese e-commerce tycoon Jack Ma has long been an example of how the power of big dreams, strong leadership and sheer elbow grease can create massive fortunes in China's go-go economy. Yet, recent remarks by the head of Chinese online business giant Alibaba that young people should...
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Chinese Foreign Minister Wang Yi waves as he leaves after a press conference on the upcoming Road and Belt Forum in Beijing on Friday, April 19, 2019. China is downplaying the political implications of its global development campaign known as the Belt and Road initiative, saying that it aims to boost multilateralism amid protectionist trends in the U.S. and elsewhere. (AP Photo/Ng Han Guan)
April 19, 2019 - 1:43 am
BEIJING (AP) — China downplayed the political implications of its global Belt and Road infrastructure initiative, saying Friday that it aimed to boost multilateralism amid protectionist trends in the U.S. and elsewhere. Foreign Minister Wang Yi said that a conference to promote the initiative to be...
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A Chinese investor uses his smartphone as he monitors stock prices at a brokerage house in Beijing, Friday, April 19, 2019. Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed. (AP Photo/Mark Schiefelbein)
April 18, 2019 - 10:54 pm
TOKYO (AP) — Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed. Japan's benchmark Nikkei 225 edged up 0.5% in early trading to 22,191.98. South Korea's Kospi rose 0.3% to 2,221.1. The Shanghai Composite gained 0.6% to 3,269.59. Some markets...
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Zoom CEO Eric Yuan, center, celebrates the opening bell at Nasdaq as his company holds its IPO, Thursday, April 18, 2019, in New York. The videoconferencing company is headquartered in San Jose, Calif. (AP Photo/Mark Lennihan)
April 18, 2019 - 5:44 pm
SAN FRANCISCO (AP) — There's some tech jubilance in the air on Wall Street and in Silicon Valley as a pair of newly public companies — Zoom and Pinterest — saw their stocks soar on their first trading day. No one wants talk about a bubble, not to mention its prospects for bursting, but the strong...
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This Tuesday, April 16, 2019 photo shows the Coca Cola Arena in front of world tallest building, Burj Khalifa, in Dubai, United Arab Emirates. Dubai unveils its latest mega-project, a stadium and arena in the heart of a super luxe shopping and dining destination, even as the economy slows down and thousands of jobs are being axed across the emirate. (AP Photo/Kamran Jebreili)
April 18, 2019 - 1:15 pm
DUBAI, United Arab Emirates (AP) — Dubai unveiled its latest megaproject this week: A stadium in the heart of a super luxe shopping and dining destination. The arena, which will host sports events and concerts, is located in a leisure retail and residential destination called City Walk, which...
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Pura Castell walks to a government-run butcher shop to buy chicken, after failing to find chicken the previous day in Bauta, Cuba, Friday, April 12, 2019. A neighbor informed her that chicken had arrived at the government store that distributes almost free monthly food rations. (AP Photo/Ramon Espinosa)
April 18, 2019 - 12:28 pm
BAUTA, Cuba (AP) — Just after 8 a.m., Pura Castell got in line behind about 100 other people waiting for a chance to buy frozen chicken legs. For two hours she leaned on her cane watching people leave the state-run market with their 5-pound limit. The chicken ran out at 10 a.m. while the 80-year-...
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FILE - In this April 12, 2019, file photo morning clouds cover Capitol Hill in Washington. On Thursday, April 18, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/J. Scott Applewhite, File)
April 18, 2019 - 8:14 am
The number of Americans filing for unemployment benefits dropped to the lowest level in nearly half a century. The Labor Department says claims for jobless aid fell by 5,000 last week to 192,000, lowest since September 1969. The four-week average, which is less volatile, dropped by 6,000 to 201,250...
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FILE - In this April 10, 2019, file photo visitors to Story walk through the shop now located at Macy's in New York. On Thursday, April 18, the Commerce Department releases U.S. retail sales data for March. (AP Photo/Mark Lennihan, File)
April 18, 2019 - 7:51 am
WASHINGTON (AP) — U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from February, the strongest increase since September 2017...
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FILE - In this Tuesday, Feb. 26, 2019 file photo, Pakistan's Finance Minister Asad Umar attend a meeting in Islamabad, Pakistan. Pakistan's finance minister says he will step down amid a wave of criticism over the government's handling of a financial crisis that has sent prices soaring. Umar tweeted Thursday, April 18, 2019 that Prime Minister Imran Khan offered him the energy portfolio in the Cabinet but he refused. He defended Khan's leadership, calling him the "best hope" for Pakistan.(AP Photo/Anjum Naveed, File)
April 18, 2019 - 5:47 am
ISLAMABAD (AP) — Pakistan's finance minister said Thursday he will step down amid a wave of criticism over the government's handling of a financial crisis that has sent prices soaring. Asad Umar tweeted that Prime Minister Imran Khan offered him the energy portfolio in the Cabinet but he refused...
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