Economic Indicators

EU, Iran set financial "vehicle" to ease trade between them

Five world powers and Iran agreed late Monday to establish a financial facility in the European Union to facilitate payments for Iranian imports and exports including oil, a key move sought by Tehran following the U.S. pullout from the 2015 nuclear deal and its re-imposition of sanctions.

Business Highlights

___ Why the 'gig' economy may not be the workforce of the future WASHINGTON (AP) — The "gig" economy might not be the new frontier for America's workforce after all.

How major US stock indexes fared Monday

Global stocks took small losses Monday after China reportedly pulled out of trade talks with the U.S. Industrial companies and banks suffered some of the worst declines among American stocks.

Fed's 3rd hike this year expected despite rising trade risks

The Federal Reserve will surprise no one if it does Wednesday what it seems poised to do for a third time this year: Raise its key short-term interest rate by a modest quarter-point to help keep inflation in check — and hint that another hike is likely in December.

Brexit backers advocate alternative economic plan

Britain's independent statistics agency says the country's trade in goods deficit widened almost tenfold over the past two decades largely because of a worsening in the trade balance with the other countries in the European Union.