Economy

Economy

Manufacturing surge pushes industrial production up 0.3%

WASHINGTON (AP) — U.S. industrial production increased 0.3 percent in December, led by the biggest surge in manufacturing in ten months.

The Federal Reserve said Friday that that manufacturing output jumped 1.1 percent last month, the largest gain since February 2018. Automakers drove much of the growth with a 4.7 percent jump in production.

May's foes gather as Britain's Brexit stalemate drags on

LONDON (AP) — Talks to end Britain's Brexit stalemate appeared deadlocked Friday, with neither Prime Minister Theresa May nor the main opposition leader shifting from their entrenched positions.

May has been meeting with politicians from several parties in a bid to find a way forward after her European Union divorce deal was rejected by Parliament this week.

Illinois unemployment up slightly; so is jobs growth

SPRINGFIELD (AP) — Illinois officials say the state's unemployment rate rose to 4.3 percent in December.

The Illinois Department of Employment Security also announced Thursday that nonfarm payrolls increased by nearly 14,000 jobs based on preliminary data.

Pelosi cancels Afghanistan trip, cites Trump 'leak'

WASHINGTON (AP) — House Speaker Nancy Pelosi on Friday canceled her plans to travel by commercial plane to visit U.S. troops in Afghanistan, saying President Donald Trump had caused a security risk by talking about the trip.

Morgan Stanley misses forecasts, hurt by trading

NEW YORK (AP) — Investment bank Morgan Stanley on Thursday reported fourth-quarter results that came up short of analysts' expectations, hurt by difficulties in trading that impacted other Wall Street firms.

The New York-based firm said it earned $1.53 billion, or 80 cents a share, up from a profit of $643 million, or 26 cents a share a year earlier.

Number of federal workers seeking jobless aid doubles

WASHINGTON (AP) — The number of furloughed federal employees seeking unemployment benefits jumped in the first two weeks of the shutdown, topping 10,000 during the week of Jan. 5.

GOP dismisses suggestion that State of Union be postponed

WASHINGTON (AP) — A grand Washington ritual became a potential casualty of the partial government shutdown as House Speaker Nancy Pelosi asked President Donald Trump to postpone his Jan. 29 State of the Union speech. She cited concerns about whether the hobbled government can provide adequate security, but Republicans cast her move as a ploy to deny Trump the stage.

May holds Brexit talks; opposition dubs them a 'stunt'

LONDON (AP) — British Prime Minister Theresa May was consulting opposition parties and other lawmakers Thursday in a battle to get Brexit back on track after surviving a no-confidence vote, talks that were branded a "stunt" by the main opposition leader.

Entertainment listings, Jan. 17-24, 2019

EVENTS

This weekend

CHAMPAIGN COUNTY CELEBRATES LEGACY OF DR. MARTIN LUTHER KING, JR.

Goldman's profits beat estimates, despite trading worries

NEW YORK (AP) — Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult quarter in trading, given the turbulent markets in late 2018.

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