Economy

FILE - In this Nov. 20, 2018, file photo an American flag flies outside New York Stock Exchange. Stocks are opening solidly higher on Wall Street as the market claims back some of the ground it lost in steep drops over the previous two days. Technology and industrial stocks were among the biggest winners in early trading Tuesday, Dec. 18. (AP Photo/Mary Altaffer, File)
December 18, 2018 - 2:07 pm
NEW YORK (AP) — After two days of huge losses, U.S. stocks ended the day back where they started on Tuesday. Energy companies sank as crude oil plunged 7 percent, but technology and consumer-focused companies climbed. U.S. crude oil fell to its lowest price since August 2017, and it has now fallen...
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December 18, 2018 - 1:09 pm
MEXICO CITY (AP) — The United States pledged $5.8 billion in aid and investment Tuesday for strengthening government and economic development in Central America, and another $4.8 billion in development aid for southern Mexico. The U.S aid aims to promote better security conditions and job...
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FILE - In this June 23, 2018 file photo, women hold their daughters as they visit the Four Seasons Skyline Tower, in Riyadh, Saudi Arabia. King Salman has extended monthly allowances for government employees, military personnel, pensioners, social security recipients and students into next year. The announcement, carried by the Saudi Press Agency on Tuesday, Dec. 18, 2018, comes on the same day the kingdom's 2019 budget is scheduled to be unveiled. (AP Photo/Nariman El-Mofty, File)
December 18, 2018 - 12:05 pm
RIYADH, Saudi Arabia (AP) — Saudi Arabia's expenditures will hit a record-high in 2019, with plans to increase state spending by 7 percent to reach $295 billion, even as declining oil prices have forced the kingdom to adopt austerity measures. King Salman announced the figures on Tuesday, saying...
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December 18, 2018 - 11:39 am
WASHINGTON (AP) — President Donald Trump will be attending the World Economic Forum next month in Davos, Switzerland. White House press secretary Sarah Huckabee Sanders told reporters on Tuesday that Trump will be at the event, which will take place next month. The annual Davos event courts high-...
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Sun rays fall through the clouds over the banking district as a runner passes by in Frankfurt, Germany, Tuesday, Dec. 11, 2018. (AP Photo/Michael Probst)
December 18, 2018 - 9:47 am
BERLIN (AP) — Worries are growing about the strength of the German economy, Europe's largest, after a key indicator suggested fears about trade wars and Brexit are hitting business activity and after the country's main stocks index slid into a bear market. The Ifo Institute said Tuesday its...
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FILE - In this Nov. 7, 2018, file photo, a construction crane is perched on the site of Court Square City View Tower adjacent to the Court Square Number 7 subway station in Long Island City in the Queens borough of New York. U.S. developers broke ground on more homes for November, but the increase occurred entirely in apartments. The construction of new single-family houses fell. (AP Photo/Mark Lennihan, File)
December 18, 2018 - 6:05 am
WASHINGTON (AP) — U.S. developers broke ground on more homes last month, but the increase occurred entirely in apartments. The construction of new single-family houses fell. The Commerce Department said Tuesday that housing starts rose 3.2 percent in November from the previous month to a seasonally...
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Dec. 18, 2018. Asian stocks fell on Tuesday, tracking losses on Wall Street as traders braced for an interest rate hike by Federal Reserve. (AP Photo/Lee Jin-man)
December 18, 2018 - 3:53 am
SINGAPORE (AP) — World stocks stabilized Tuesday, with Wall Street expected to edge up after heavy losses the day before, as traders prepare for a likely interest rate hike by the Federal Reserve. KEEPING SCORE: In Europe, Germany's DAX was 0.5 percent higher at 10,820 after falling into a bear...
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In this photo provided by the UK Parliament, Britain's Prime Minister Theresa May delivers a speech in the House of Commons in London, Monday, Dec. 17, 2018. Prime Minister Theresa May said Monday that the postponed vote in Parliament on Britain's Brexit agreement with the European Union will be held the week of Jan. 14 — more than a month after it was originally scheduled and just 10 weeks before Britain leaves the EU. (Jessica Taylor/UK Parliament via AP)
December 18, 2018 - 3:20 am
LONDON (AP) — The British Cabinet was meeting Tuesday to discuss ramping up preparations for Britain's departure from the European Union without a deal, after Prime Minister Theresa May postponed Parliament's vote on her divorce agreement until mid-January. The discussions are expected to center on...
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Chinese President Xi Jinping applauds during a conference to commemorate the 40th anniversary of China's Reform and Opening Up policy at the Great Hall of the People in Beijing, Tuesday, Dec. 18, 2018. (AP Photo/Mark Schiefelbein)
December 17, 2018 - 11:40 pm
BEIJING (AP) — China will never pursue hegemony, President Xi Jinping said Tuesday as global concerns persist over the country's growing economic influence. During a speech to mark 40 years of market reforms, Xi repeated China's commitment to a multilateral trading system and further opening of its...
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A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Dec. 18, 2018. Asian stocks fell on Tuesday, tracking losses on Wall Street as traders braced for an interest rate hike by Federal Reserve. (AP Photo/Lee Jin-man)
December 17, 2018 - 7:46 pm
SINGAPORE (AP) — Asian stocks fell on Tuesday, tracking losses on Wall Street as traders braced for an interest rate hike by Federal Reserve. KEEPING SCORE: Japan's Nikkei 225 index was 1.2 percent lower at 21,242.66 and the Kospi in South Korea dropped less than 0.1 percent to 2,070.54. Hong Kong'...
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