Finance

Most Asian stock markets rose Tuesday after Wall Street’s benchmark hit a new high following the latest truce in the costly U.S.-Chinese trade war. Tokyo and Sydney rose, while Shanghai was unchanged. Hong Kong advanced despite protests over a proposed extradition law that prompted police to use tear gas to clear streets. Investors were encouraged […]

The United States economy on Monday hit a milestone, reaching its longest expansion on record. Just a decade ago, the nation was mired in a severe recession that had erased trillions of dollars in wealth and left millions of people out of work. While the recovery has delivered uneven gains, Hispanic women have emerged as

OPEC is extending its deal to cut production for another nine months in bid to keep oil prices from sagging as the oil cartel faces a weakening outlook for global demand. The decision among the members of the Organization of the Petroleum Exporting Countries came during a meeting Monday at the cartel’s headquarters in Vienna.

Spending on U.S. construction projects fell in May, the first drop in six months, as home building fell for a fifth straight month. The Commerce Department reported Monday that spending fell 0.8% in May, the first decline since a 1.3% drop in November, to a seasonally adjusted annual rate of $1.29 trillion. Spending In April

U.S. factory activity grew at a slower pace in June for the third straight month as measures of new orders and inventories fell. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index slipped to 51.7 last month from 52.1 in May. Any reading above 50 signals an expansion.

Wall Street applauded a cease-fire in the U.S. trade war with China and started July with a bang. Interested in Stock Market? Add Stock Market as an interest to stay up to date on the latest Stock Market news, video, and analysis from ABC News. The S&P 500 index was on track for a record

Ten straight years of growth. Unemployment at a five-decade low. Higher wages for the poorest workers. The economic expansion that just became America’s longest on record didn’t produce an especially fast pace of growth. It didn’t narrow the vast gap between the wealthiest Americans and everyone else. But the expansion has lasted so long and

One of the hard things about projecting how the economy will evolve in the coming months is that two different sides of it are sending completely opposite signals. American consumers keep buying stuff, driving solid growth through the first half of the year. On Friday, the Commerce Department reported that consumption spending rose a healthy

The Latest on Japan’s tightening of restrictions on technology exports to South Korea (all times local): 5:50 p.m. South Korea’s Foreign Ministry says the vice foreign minister has summoned the Japanese ambassador to Seoul to demand that Japan withdraw restrictions on exports of materials used in technology products. The ministry said Monday that Vice Minister

Asian markets took heart Monday from revived hopes for progress in trade negotiations between the U.S. and China after President Donald Trump met with China’s Xi Jinping at the Group of 20 Summit in Japan. But the latest data suggested the prolonged trade conflict between Washington and Beijing is taking a further toll on regional