economy

(AP Photo/Andy Wong, File)
AP News
September 05, 2019 - 12:20 pm
By JOE McDONALD AP Business Writer BEIJING (AP) — U.S. and Chinese envoys will meet in early October for more talks aimed at ending a tariff war that threatens global economic growth. Stock markets rose on Thursday's announcement but there has been no sign of progress since Presidents Donald Trump...
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(AP Photo/Frank Franklin II, File)
AP News
September 03, 2019 - 2:28 pm
By ALEX VEIGA AP Business Writer Technology companies drove a broad slide in U.S. stocks Tuesday as disappointing economic data and the latest escalation in the trade war between the U.S. and China put investors in a selling mood. The Dow Jones Industrial Average slumped more than 350 points as the...
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(Jake May/The Flint Journal via AP, File)
AP News
September 03, 2019 - 1:10 pm
By BANI SAPRA AP Business Writer WASHINGTON (AP) — U.S. factory activity shrank in August for the first time since August 2016, a sign that the trade war with China is weighing down a crucial sector of the economy. The Institute for Supply Management, an association of purchasing managers, said...
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(AP Photo/Markus Schreiber)
AP News
August 26, 2019 - 1:15 pm
By ZEKE MILLER and DARLENE SUPERVILLE Associated Press BIARRITZ, France (AP) — Brushing off concerns about global economic instability, President Donald Trump on Monday defended the way he is trying to squeeze a trade deal out of China, saying it's what worked for him in business. Trump was...
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(AP Photo/Keith Srakocic, File)
AP News
August 23, 2019 - 5:49 pm
By JOE McDONALD, PAUL WISEMAN and JILL COLVIN The Associated Press WASHINGTON (AP) — Escalating his trade war with China, President Donald Trump bumped up his tariffs on Chinese imports Friday, lashing back after Beijing raised taxes on U.S. products. In a tweet, Trump said he would be raising...
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(AP Photo/Susan Walsh, File)
AP News
August 23, 2019 - 2:13 pm
By JOE McDONALD, PAUL WISEMAN and JILL COLVIN AP Business Writer WASHINGTON (AP) — President Donald Trump declared Friday that he had "hereby ordered" American companies with operations in China "to immediately start looking for" an alternative after Beijing announced a series of retaliatory...
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(AP Photo/Steve Helber)
AP News
August 22, 2019 - 2:32 pm
WASHINGTON (AP) — U.S. long-term mortgage rates are near historically low levels, with the average on the benchmark 30-year loan falling this week to its lowest level since November 2016. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan slipped to 3.55% this week...
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AP/ Congressional Budget Office
AP News
August 22, 2019 - 1:33 pm
By KEVIN FREKING Associated Press WASHINGTON (AP) — The federal budget deficit is expected to balloon to more than $1 trillion in the next fiscal year under the first projections taking into account the big budget deal that President Donald Trump and Congress reached this summer, the Congressional...
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(AP Photo/Charles Krupa, File)
Gary Hess
August 20, 2019 - 4:56 pm
By MICHELLE CHAPMAN and JOSH BOAK AP Business Writers Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's...
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(AP Photo/Richard Drew, File)
Gary Hess
August 20, 2019 - 2:36 pm
By ALEX VEIGA AP Business Writer Stocks edged lower in midday trading Tuesday, weighed down by a mixed batch of company earnings and another decline in bond yields. Financial sector stocks accounted for much of the selling as investors reacted to the decline in yields. The 10-year Treasury note...
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