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Europe's economy needs help. Political chaos in France and Germany means it may be slower in coming

BRUSSELS (AP) — Even before the French and German governments collapsed, Europe’s economy had enough difficulties. Tepid growth and lagging competitiveness versus the U.S. and China. An auto industry that's struggling. Where to find billions for defense against Russia? And now threatening tariffs.

China signals it's prepared to double down on support for the economy as Trump tariffs loom

BANGKOK (AP) — Chinese leaders met this week to plot economic policy for the coming year, to raise government spending and relax Beijing’s monetary policy to encourage more investment and consumer spending.

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European Central Bank likely to cut rates while weighing US trade concerns and France's chaos

FRANKFURT, Germany (AP) — With U.S. President-elect Donald Trump and , the European Union's second largest economy, the question ahead of the European Central Bank meeting Thursday is not whether it will cut interest rates, but by how much.

Myanmar's economy set to contract as floods and fighting take heavy toll, the World Bank says

BANGKOK (AP) — Myanmar’s economy is forecast to contract this year, the World Bank said Wednesday, as flooding and fighting take a severe toll nearly four years after the military ousted its elected government headed by Aung San Suu Kyi.

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Wall Street parties like it's 1998 as AI fuels gains unmatched since dot-com era

NEW YORK (AP) — The S&P 500 is on track to close 2024 with a gain of nearly 27%, after setting 50 record highs this year. That's on top of its 24.2% spurt the year before, a spectacular two-year run unmatched since the dot-com boom.

Powell: Fed's independence from politics is vital to its interest rate decisions

WASHINGTON (AP) — Chair Jerome Powell said Wednesday that the Federal Reserve's ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or a specific outcome.

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Trump's tariffs in his first term did little to alter the economy, but this time could be different

WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries.

US economy grows at 2.8% pace in third quarter on consumer spending, unchanged from first estimate

WASHINGTON (AP) — The American economy expanded at a healthy 2.8% annual pace from July through September on strong consumer spending and a surge in exports, the government said Wednesday, leaving unchanged its initial estimate of third-quarter growth.

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Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

WASHINGTON (AP) — Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.

U.S. protectionism could undermine modest growth forecast for eurozone, says EU Commission

FRANKFURT, Germany (AP) — Europe's economy has left stagnation behind but is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the European Union's executive commission said Friday.

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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.

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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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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.

US economy is believed to have grown at a solid pace again last quarter

WASHINGTON (AP) — Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.

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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.

Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit

KUALA LUMPUR, Malaysia (AP) — Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country's fiscal deficit, Prime Minister Anwar Ibrahim said Friday as he unveiled a national budget for 2025.

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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.

China’s exports slow sharply in September, adding to worries over the economy

HONG KONG (AP) — China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world’s second-largest economy.

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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.

Jobs report is likely to show another month of modest but steady hiring gains

WASHINGTON (AP) — The U.S. labor market is still reliably cranking out jobs each month, enough to give Americans the confidence and paychecks to keep spending and sustaining the economy. Yet the pace of hiring has lost momentum over the past several months, evidence that employers have become more cautious.

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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.

US economy grew at a solid 3% rate last quarter, government says in final estimate

WASHINGTON (AP) — The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Thursday, leaving its previous estimate unchanged.

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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.

The Fed sees its inflation fight as a success. Will the public eventually agree?

WASHINGTON (AP) — With its larger-than-usual to its key interest rate last week, the Federal Reserve underscored its belief that it's all but conquered inflation after three long years.

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