Economy

GAO: Climate change already costing US billions in losses

Oct 24, 2017

A federal watchdog says climate change is already costing U.S. taxpayers billions of dollars each year, with those costs expected to rise as devastating storms, floods, fires and droughts become more frequent in the coming decades

China lifts Xi's status to most powerful leader in decades

Oct 24, 2017

The ruling Communist Party has formally lifted Xi Jinping's status to China's most powerful ruler in decades before the authoritarian leader pursues a more muscular military and foreign policy

Asian stock markets slightly higher after Wall Street loss

Oct 24, 2017

Asian stock markets have risen slightly following Wall Street's slide

Judge skeptical of need to reinstate Trump health care cuts

Oct 24, 2017

An attorney for California was grilled by a federal judge skeptical of a push by 18 states to immediately reinstate "Obamacare" subsidies cut off by the Trump administration

King's legacy still felt strongly as Thailand bids goodbye

Oct 21, 2017

As Thailand prepares to cremate its king of 70 years, an era comes to an end amid tears, nostalgia and anxiety

Yellen says Fed's extraordinary policies may be needed again

Oct 20, 2017

Federal Reserve Chair Janet Yellen defends the central bank's extraordinary efforts to fight the Great Recession and says they might be needed again

How major US stock indexes fared on Friday

Oct 20, 2017

Stocks closed higher Friday, extending a record-setting drive for major indexes

Power to the people: 2 Italy regions to hold autonomy votes

Oct 20, 2017

It is greater autonomy __ not independence __ that two of Italy's wealthiest regions are seeking in a pair of non-binding referendums next weekend, yet Catalonia's secessionist ambitions loom over the debate

Markets Right Now: Banks, technology lead gains for stocks

Oct 20, 2017

Stocks are closing higher on Wall Street, led by gains in technology companies and banks.

Budget deficit hits $666B, an $80B spike for the year

Oct 20, 2017

The Trump administration says the federal budget deficit rose to $666 billion in the just-completed budget year, an $80 billion spike

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