economy

FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. (AP Photo/Susan Walsh, File)
(AP Photo/Susan Walsh, File)
AP News
February 19, 2020 - 3:46 pm
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low...
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AP News
February 14, 2020 - 12:19 pm
RICHMOND, Va. (AP) — Virginia Gov. Ralph Northam is telling lawmakers that a stronger than expected economy means they will have an extra $180 million to spend when crafting a state budget. Northam said in a letter to lawmakers Friday that new revenue estimates for fiscal year 2020 shows an...
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FILE - In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange.  (AP Photo/Richard Drew, File)
(AP Photo/Richard Drew, File)
AP News
February 13, 2020 - 11:35 am
By STAN CHOE, AP Business Writer NEW YORK (AP) — How's your 401(k) doing? President Donald Trump likes to ask that question around the country, sometimes throwing out big gains like 90% or 95%. The average 401(k) did indeed hit a record last year, although its growth was considerably less than that...
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FILE - In this Jan. 29, 2020 file photo Federal Reserve Chair Jerome Powell speaks during a news conference following the Federal Open Market Committee meeting in Washington. (AP Photo/Manuel Balce Ceneta, File)
(AP Photo/Manuel Balce Ceneta, File)
AP News
February 11, 2020 - 11:20 am
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the broadening viral outbreak that began in China. Giving the Fed’s semiannual...
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FILE - In this July 1, 2019, file photo, a help wanted sign appears on a bus stop in front of a McDonald's restaurant in Miami. (AP Photo/Wilfredo Lee, File)
(AP Photo/Wilfredo Lee, File)
AP News
February 11, 2020 - 11:14 am
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — U.S. businesses sharply cut the number of open jobs in December for the second straight month, an unusual sign of weakness in an otherwise healthy job market. The number of available positions dropped 5.4% to 6.4 million, a historically...
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President Donald Trump meets with European Commission President Ursula von Der Leyen at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland. (AP Photo/ Evan Vucci)
(AP Photo/ Evan Vucci)
AP News
January 21, 2020 - 10:17 am
By DARLENE SUPERVILLE Associated Press DAVOS, Switzerland (AP) — President Donald Trump said Tuesday that he's led a “spectacular” turnaround of the U.S. economy and urged the world to invest in America, but had less to say about climate change issues that are a focus of this year's gathering of...
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Donald Trump
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Jeff Katz
December 20, 2019 - 2:06 pm
These words had to have tasted very bitter in the mouths of these "real" reporters at CNN. After the House passed both articles of impeachment against President Trump, CNN reported today that "the US economy earn(ed) its highest ratings in almost two decades." To make matters worse for them, they...
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FILE - In this Nov. 25, 2019, file photo Federal Reserve Board Chair Jerome Powell addresses a round table discussion. (AP Photo/Steven Senne)
(AP Photo/Steven Senne)
AP News
December 11, 2019 - 2:24 pm
By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON (AP) — The Federal Reserve is leaving its benchmark interest rate alone and signaling that it expects to keep low rates unchanged through next year. The Fed's decision follows three rate cuts earlier this year. It reflects its view that the U.S...
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Donald Trump
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Jeff Katz
December 06, 2019 - 2:18 pm
A new report from CNBC revealed that President Trump's approval rating among small business owners is at 60 percent, the highest number since CNBC began the survey in 2017. CNBC also noted that President Trump has never fallen below 51 percent approval in the survey since it began. READ MORE .
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FILE - In this Nov. 27, 2019, file photo Balo Balogun labels items in preparation for a holiday sale at a Walmart Supercenter in Las Vegas. On Friday, Dec. 6, the U.S. government issues the November jobs report. (AP Photo/John Locher, File)
(AP Photo/John Locher, File)
AP News
December 06, 2019 - 10:12 am
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs. The unemployment rate dipped to 3.5% from 3.6% in October,...
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