economy

An electronic stock board shows Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, May 7, 2019.
Eugene Hoshiko/AP Photo
May 07, 2019 - 9:57 am
By Joe McDonald, AP Business Writer BEIJING (AP) — Global stock markets were mixed Tuesday after China said its economy czar will go to Washington for trade talks despite U.S. President Donald Trump's threat to escalate their tariff war. China's main stock index rose 0.7% and most other Asian...
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A man looks at his smartphone near a display showing stock prices at a brokerage house in Shanghai Monday, May 6, 2019.
AP Photo
May 06, 2019 - 5:14 pm
By Joe McDonald and Paul Wiseman BEIJING (AP) — By threatening to raise taxes on Chinese imports, President Donald Trump is throwing down a challenge to Beijing: Agree to sweeping changes in China's government-dominated economic model — or suffer the consequences. The unexpected ultimatum,...
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U.S. - China trade war
iStock / Getty Images Plus
Tim Jimenez
May 06, 2019 - 6:55 am
UPDATED: 9:30 a.m. PHILADELPHIA (KYW Newsradio) — A tweet from President Donald Trump is rattling the markets and could throw a monkey wrench into trade talks with China this week. This morning, the president tweeted, "With China we lose 500 billion dollars. Sorry, we're not going to be doing that...
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Mayor Jim Kenney
Mark Makela/Getty Images
Pat Loeb
May 05, 2019 - 4:00 am
PHILADELPHIA (KYW Newsradio) — Philadelphia Mayor Jim Kenney says his new plan for economic growth includes strategies to make sure everyone in the city benefits, even those who have traditionally been left behind. There's an old saying that the best social program is a job and that is pretty much...
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In this Jan. 25, 2019, file photo, Senate Minority Leader Sen. Chuck Schumer of N.Y., accompanied by Speaker Nancy Pelosi of Calif., left, calls on a reporter during a news conference on Capitol Hill in Washington.
Andrew Harnik/AP Photo, File
April 30, 2019 - 6:53 am
By Kevin Freking, Associated Press WASHINGTON (AP) — The last time President Donald Trump sat down with House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer, the president walked out in a huff and dismissed their government shutdown talks as a "total waste of time." Nearly four...
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Andrew Kramer | KYW Newsradio
Mike DeNardo
April 23, 2019 - 1:51 pm
PHILADELPHIA (KYW Newsradio) — Center City's economy is growing, but not quickly enough, says a new report. Center City has averaged a 2.1% job growth rate over the last three years. But it should be even higher, says Paul Levy, president and CEO of the Center City District. "The recent rebound is...
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In this June 20, 2018 file photo, U.S. President Donald Trump speaks at a campaign rally in Duluth, Minn.
Jim Mone/AP Photo, File
April 15, 2019 - 7:46 am
By Steve Karnowski, Associated Press ST. PAUL, Minn. (AP) — President Donald Trump will use Tax Day on Monday to visit Minnesota, an erstwhile Democratic stronghold he hopes to flip in 2020 after nearly winning it in 2016. Questions remain, however, about just how much he's politically benefiting...
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President of European Central Bank Mario Draghi waits for the beginning of a press conference following the Governing Council meeting in Frankfurt, Germany, Wednesday, April 10, 2019.
Michael Probst/AP Photo
April 10, 2019 - 11:37 am
By David McHugh, Associated Press FRANKFURT, Germany (AP) — The head of the European Central Bank warned that global friction over trade — such as U.S. threats to impose more tariffs — is holding back the economy and underlined the bank's readiness to deploy more stimulus if needed. Mario Draghi...
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Independence Hall
Mark Makela/Getty Images
Pat Loeb
April 09, 2019 - 5:38 pm
PHILADELPHIA (KYW Newsradio) — Philadelphia tourism had another banner year in 2018. Figures released Tuesday show the city set a record for hotel occupancy. The Convention and Visitors Bureau annual report shows a hotel occupancy rate of almost 80 percent — the highest ever reported. "Philadelphia...
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In this Monday, Oct. 15, 2018 file photo, a container ship is loaded at the harbor in Hamburg, Germany.
AP Photo/Martin Meissner, file
April 09, 2019 - 11:45 am
By Carlo Piovano, Associated Press LONDON (AP) — The Trump administration wants to tax $11.2 billion worth of EU goods — from airplanes to Gouda cheese — in a move that some experts say marks another attempt by the administration to use tariffs to reshape global trade in its favor. The import...
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