Economy

FILE - In this June 11, 2018, file photo, flames consume trees during a burnout operation that was performed south of County Road 202 near Durango, Colo. A report by the U.S. Geological Survey shows investments made to reduce the risk of wildfire in forested areas are paying dividends when it comes to creating jobs and infusing money in local economies. The study focused on several counties along the New Mexico-Colorado border that make up the watershed of the Rio Grande. (Jerry McBride/The Durango Herald via AP, File)
February 19, 2020 - 5:21 pm
ALBUQUERQUE, N.M. (AP) — Projects to reduce the risk of wildfires and protect water sources in the U.S. West have created jobs and infused more money in local economies, researchers say, and they were funded by a partnership between governments and businesses that has become a model in other...
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FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. On Wednesday, Feb. 19, the Federal Reserve releases minutes from its January meeting. (AP Photo/Susan Walsh, File)
February 19, 2020 - 3:46 pm
WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low level in the coming months. Fed...
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FILE - In this Sept. 3, 2019, file photo a for sale sign, left, rests in front of a newly constructed home, in Norwood, Mass. On Wednesday, Feb. 19, 2020, the Commerce Department reports on U.S. home construction in January. (AP Photo/Steven Senne, File)
February 19, 2020 - 11:56 am
WASHINGTON (AP) — Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the highest level in 13 years. The Commerce Department reported Wednesday that builders started construction on 1.57 million homes at a seasonally adjusted annual...
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A family talk with journalists while waiting to leave the sanatorium after their quarantine period has ended in Bogandinsky in the Tyumen region, about 2150 kilometers (1344 miles) east of Moscow, Russia, Wednesday, Feb. 19, 2020. On Wednesday, 144 people who were evacuated from the epicenter of the CONVID-19 coronavirus outbreak in Wuhan, China, were released from a 14-day quarantine in western Siberia. None of them tested positive for the virus. (AP Photo/Maxim Slutsky)
February 19, 2020 - 11:55 am
MOSCOW (AP) — Russia's entry ban for Chinese nationals will be partial and only affect those who travel with tourist, private, student and work visas, the country's Foreign Ministry said Wednesday, clarifying the conditions of a sweeping entry ban for Chinese citizens announced the day before...
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FILE - In this Feb. 5, 2020, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Feb. 19. (AP Photo/Richard Drew, File)
February 19, 2020 - 9:44 am
NEW YORK (AP) — THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below: Globalshares mostly rose Wednesday though investors continued to monitor the impact of the outbreak of a new virus that began in China. France's CAC 40 rose 0.6% to 6,093, while Germany's DAX gained 0.5% to 13,745...
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FILE - In this Feb. 5, 2020, file photo workers sort through tomatoes after they are washed before being inspected and packed, in Florida City, Fla. On Wednesday, Feb. 19, the Labor Department releases the Producer Price Index for January. (AP Photo/Wilfredo Lee, File)
February 19, 2020 - 9:04 am
WASHINGTON (AP) — U.S. producer prices climbed last month at fastest pace since October 2018 as higher prices for services more than offset a drop in the cost of energy. The Labor Department said Wednesday that its producer price index, which measures inflationary pressures before they reach the...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Wednesday, Feb. 19, 2020. Asian shares are mostly rising despite continuing fears about an outbreak of a new virus that began in China, which sent regional indexes mostly lower recently. (AP Photo/Kin Cheung)
February 19, 2020 - 8:08 am
TOKYO (AP) — Globalshares mostly rose Wednesday though investors continued to monitor the impact of the outbreak of a new virus that began in China. France's CAC 40 rose 0.6% to 6,093, while Germany's DAX gained 0.5% to 13,745. Britain's FTSE 100 gained 0.7% to 7,433. U.S. shares were set to drift...
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Mark Carney, Governor of the Bank of England attends the Bank of England's Monetary Policy Report news conference in the City of London, Thursday Jan. 30, 2020. The Bank of England on Thursday opted against cutting interest rates after a run of fairly firm economic data in the past week eased fears about a dramatic slowdown in the British economy. (Jonathan Brady/Pool via AP)
February 19, 2020 - 5:36 am
LONDON (AP) — Consumer price inflation in Britain jumped higher in January, official figures showed Wednesday, undermining the case for the central bank to cut interest rates as it had been expected to do. The annual inflation rate rose to 1.8% from 1.3% in December, the national statistics agency...
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A man takes a selfie with portraits of U.S. President Donald Trump and Indian Prime Minister Narendra Modi painted on a wall ahead of Trump's visit, in Ahmadabad, India, Tuesday, Feb. 18, 2020. Trump is scheduled to visit the city during his Feb. 24-25 India trip. (AP Photo/Ajit Solanki)
February 18, 2020 - 4:55 pm
WASHINGTON (AP) — President Donald Trump says that India Prime Minister Narendra Modi is expecting to turn out massive crowds for the president when he visits next week. Trump will be in the city of Ahmedabad in Gujarat to attend an event called “Namaste Trump,” which translates to “Greetings,...
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Traders Timothy Nick, left, and Peter Tuchman work on the floor of the New York Stock Exchange, Tuesday, Feb. 18, 2020. Stocks are opening lower on Wall Street after Apple said it would fail to meet its revenue forecast for the current quarter due to the impact of the virus outbreak in China. (AP Photo/Richard Drew)
February 18, 2020 - 4:13 pm
Major U.S. stock indexes are closing mostly lower Tuesday, as the market gives up some of its gains from the past two weeks. The selling, which lost some of its momentum in the final hour of trading, came as investors weighed the impact of the virus outbreak in China on Apple and other major...
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