U.S. stocks fell sharply Friday, erasing an early gain, as the market closed in on its third weekly decline in four weeks. Losses in technology and health care stocks outweighed gains elsewhere in the market. Energy companies led the gainers …
U.S. employers added just 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. The Labor Department said Friday the unemployment …
U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market’s gains for the year. An early plunge briefly knocked more than 700 points off the Dow Jones …
The US trade deficit hit a 10-year high in October as Americans used a stronger dollar to snap up record imports, the government reported Thursday. The result showed the trade gap has continued to swell despite the punitive tariffs imposed …
OPEC countries were gathered Thursday to find a way to support the falling price of oil, with analysts predicting the cartel and key ally Russia would agree to cut production by at least 1 million barrels per day. Crude prices …
The “yellow vests” in France are worrying greens around the world. The worst riots in Paris in decades were sparked by higher fuel taxes, and French President Emmanuel Macron responded by scrapping them Wednesday. But taxes on fossil fuels are …
OPEC and Russia moved closer on Wednesday to agreeing cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude. OPEC meets on Thursday in Vienna, followed by talks with allies …
A new study estimates 164 million people are migrating to foreign countries in search of work, an increase of 9 percent since 2013. The majority of migrant workers are men between the ages of 25 and 64, according to the …
U.S. President Donald Trump, who rattled global markets Tuesday after declaring himself “a Tariff Man,” predicted in a series of tweets Wednesday the United States and China would negotiate a new trade deal. Trump said China is planning to resume …
Vimla Yadav, a farmer from India’s Haryana state, says agriculture costs, such as fertilizers and seeds, have soared, yet produce prices have plunged, leaving her family of 10 with virtually no profit from their four-acre farm. “We don’t even get …
President Donald Trump insists his new trade agreement with Mexico and Canada will address the exporting of U.S. manufacturing jobs overseas. That pledge, however, comes on the heels of auto giant General Motors’ announcement of the layoff of 14,000 employees …
Volkswagen’s chief executive said on Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford Motor Co and might use the U.S. automaker’s plants to build cars. VW CEO Herbert Diess said …
Americans are consuming less coal in 2018 than at any time since Jimmy Carter’s presidency, a federal report said Tuesday, as cheap natural gas and other rival sources of energy frustrate the Trump administration’s pledges to revive the U.S. coal …
After a month strolling the gold market in Libya’s capital, retired public servant Milud Farhat was unable to find any jewelry he could afford for his daughter’s wedding. The 60-year-old is typical of Libya’s once well-to-do middle class, impoverished by high inflation and …
President Donald Trump met with executives from three top German carmakers at the White House Tuesday as all sides hope to avoid a European trade war. The White House says Trump “shared his vision of all automakers producing in the …
The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries. It’s a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on …
The World Bank will give equal weight to curbing emissions and helping poor countries deal with the “disastrous effects” of a warming world as it steps up investments to tackle climate change in the first half of the 2020s, it …
White House economic adviser Larry Kudlow said on Monday the Trump administration wants to end subsidies for electric cars and other items, including renewable energy sources. Asked about plans after General Motors announced U.S. plant closings and layoffs last week, …
Federal Reserve Chairman Jerome Powell said Monday that despite solid economic progress, the country still faces a number of challenges ranging from slow wage-growth for lower-income workers to sluggish productivity and an aging population. Powell said in remarks at …
China and the United States have agreed to put tariffs on hold and give negotiations a chance. But the short 90-day period the two have to finish negotiations, which includes major holidays both in Washington and Beijing, will require quick …
Asia stocks rallied Monday on the news that the United States and China, the world’s two largest economies, would not impose any new tariffs during a 90-day grace period, during which the two sides are to negotiate a detailed agreement. …
Energy experts are urging Africa to use more of its gas reserves to fuel economic development. The group gathered in Washington to discuss the role of natural gas in helping to meet the continent’s electricity, health and environmental goals. The …
China’s president on Sunday signed new trade deals with Argentina as the Asian giant expands its growing role in Latin American economies. Presidents Mauricio Macri of Argentina and Xi Jinping of China announced the more than 30 agriculture and investment …
U.S. President Donald Trump has returned home from the Group of 20 meeting of the world’s top economies. After the curtain came down on the summit, the spotlight lingered on the leaders of the two top economies. As VOA’s White …