Economy

May 26, 2019 - 7:27 am
SACRAMENTO, Calif. (AP) — The California Legislature faces key decisions this week, including trying to reign in police use of force, prevent rent spikes, and alter labor laws affecting workers in the gig economy. Friday is the deadline for the Assembly and Senate to pass or reject bills that...
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U.S. President Donald Trump waves as he arrives at the Haneda International Airport Saturday, May 25, 2019, in Tokyo. (AP Photo/Koji Sasahara, Pool)
May 25, 2019 - 4:27 pm
TOKYO (AP) — The Latest on President Donald Trump's trip to Japan (all times local): 8:15 a.m. President Donald Trump is tamping down expectations that he'll make significant headway on trade talks during his trip to Japan. Fox News White House Correspondent John Roberts tweets that Trump called...
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FILE - In this April 26, 2019, file photo, U.S. President Donald Trump, right, speaks while meeting with Japanese Prime Minister Shinzo Abe, left, in the Oval Office of the White House in Washington. Trump’s Japan visit starting on Saturday, May 25, 2019, is to focus on personal ties with Abe rather than substantive results on trade, security or North Korea. (AP Photo/Susan Walsh, File)
May 24, 2019 - 9:31 pm
TOKYO (AP) — Under the threat of potentially devastating U.S. tariffs on autos, Japan is ready to roll out the newest phase of its charm offensive targeting President Donald Trump as it welcomes him on a state visit tailor-made to his whims and ego. Offering high honors, golf and the chance to...
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FILE - In this May 17, 2019, file photo, U.S. President Donald Trump arrives to speak at the National Association of REALTORS Legislative Meetings and Trade Expo, in Washington. While in Japan, Trump can point to Tokyo’s streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles. (AP Photo/Alex Brandon, File)
May 24, 2019 - 7:13 pm
TOKYO (AP) — When President Donald Trump visits Japan, he'll be able to point to Tokyo's streets to drive home a sore point in trade relations between the allies: the absence of made-in-USA vehicles. The $70 billion Japanese trade surplus with the U.S. is dwarfed by China's $379 billion surplus,...
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FILE - In this May 17, 2019, file photo trader Robert Charmak works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, May 23. (AP Photo/Richard Drew, File)
May 24, 2019 - 9:22 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 12:00 p.m. Stocks are rising at midday on Wall Street Friday, led by gains in technology companies, as the market tries to rebound from steep losses a day earlier. Intuit gained 6.2% after the maker of TurboTax...
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FILE - In this May 9, 2019, file photo traders Gregory Rowe and Benjamin Tuchman work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, May 24. (AP Photo/Richard Drew, File)
May 24, 2019 - 9:21 am
NEW YORK (AP) — U.S. stocks rebounded in midday trading on Wall Street Friday, but were still on track for a third straight week of losses. The market has swung between gains and losses all week as investors face the prospect that the trade war between the U.S. and China will drag on. Trading has...
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FILE - In this May 9, 2019, file photo washers and dryers are shown on display in a retail store in Cranberry Township, Pa. On Friday, May 24, the Commerce Department releases its March report on durable goods. (AP Photo/Keith Srakocic, File)
May 24, 2019 - 6:00 am
WASHINGTON (AP) — Orders to U.S. factories for large manufactured goods fell sharply last month, pulled down by lower demand for commercial aircraft and cars. The Commerce Department said Friday that orders for durable goods — or items meant to last at least three years — fell 2.1%, after rising 1...
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A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Friday, May 24, 2019. Asian shares were mostly lower on Friday as worries that the standoff between the U.S. and China over trade might expand put investors in a selling mood. (AP Photo/Lee Jin-man)
May 24, 2019 - 4:32 am
TOKYO (AP) — Global stocks are rebounding following Thursday's sell-off, with markets hoping for an easing in the U.S.-China trade dispute and after British Prime Minister Theresa May said she plans to resign as of June 7. Investors appear to hope May's pending resignation could unblock the...
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FILE - In this April 26, 2019, file photo, U.S. President Donald Trump, right, speaks while meeting with Japanese Prime Minister Shinzo Abe, left, in the Oval Office of the White House in Washington. Trump’s Japan visit starting on Saturday, May 25, 2019, is to focus on personal ties with Abe rather than substantive results on trade, security or North Korea. (AP Photo/Susan Walsh, File)
May 24, 2019 - 12:27 am
TOKYO (AP) — President Donald Trump will be treated to an imperial banquet, a round of golf and a ringside view of a sumo match during his state visit to Japan as Prime Minister Shinzo Abe focuses on personal ties rather than substantive results on trade, security or North Korea. The schedule for...
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Customers shop near a section selling Marvel Avengers toys by American toymaker Hasbro at a toy store in Beijing, Thursday, May 23, 2019. An escalating trade war between the U.S. and China could mean higher prices on a broad array of products from toys to clothing. But some retailers will be less equipped to handle the pain than others, leaving consumers to carry the load. (AP Photo/Andy Wong)
May 23, 2019 - 11:56 pm
BEIJING (AP) — China's state media has unleashed fresh attacks on the U.S. as the tariff war between world's two largest economies continues. The China Daily newspaper on Friday accused Washington of seeking to "colonize global business" by targeting Chinese firms. The Global Times accused the U.S...
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